Word: loan
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...goal is certainly worthy, but some of the practices of student-loan firms are anything but. For instance, how about manning a college's financial-aid hotline with employees of a lender that is vying for the callers' business? Sallie Mae, the nation's largest student loan company, used to do such things, but apparently no more. The company agreed Wednesday to abide by a code of conduct, devised by New York State attorney general Andrew Cuomo, that prohibits lenders from giving universities "anything of value," including call-center staffing...
...Turns out, Stockman may have time for that prison course in remedial economics after all. He was indicted a short time ago for securities fraud at an auto-parts manufacturer that he controlled. According to prosecutors, Stockman lied to banks about the firm's financial condition, inducing them to loan the company money it couldn't repay. He engaged in "round trip" transactions that involved masking loans - which were supposed to be repaid - as income. He exaggerated the manufacturer's prospects, knowing his claims were untrue, which led people to buy company securities that quickly became worthless. The firm filed...
...help. His seed money arrived via the Internet. Using the website Kiva.org a Bay Area software engineer named Nathan Folkert lent Penafiel the $500 he needed to buy two new sewing machines, fabrics and thread for higher-quality suits. Folkert has never met Penafiel but says making the loan "felt like I was giving him a shot at the American Dream...
...poverty spend extra income on health care, housing or sending their children to school," says Gowher Rizvi, a former Ford Foundation exec who gave Grameen its first grant. "That's worthwhile if it's even one family." Back in Ecuador, Penafiel was able to pay back his Kiva.org loan five months later, and had a little left over to cover his six kids' school fees. It isn't quite the American Dream, but it's a start...
...Piero della Francesca and the Italian Courts," runs from March 31 through July 22. Appropriately, it is taking place in the far eastern corner of Tuscany, at Arezzo's State Museum of Medieval and Modern Art and in the surrounding area, which offers a chance to see works on loan alongside some of his best-known frescoes on permanent display in his home region...