| How to Trim FAFSA’s Fat
The complexity of the federal financial aid process is among the more obvious, and ostensibly, fixable reasons cited to explain why low-income students are far less likely to attend college than their peers. So far, despite efforts on multiple fronts, the system has proven to be somewhat intractable. .
Fortis Earns $30.8 Million in Third Quarter
Fortis Inc. ("Fortis" or the "Corporation") (TSX: FTS), reported net earnings applicable to common shares of $30.8 million, or $0.20 per common share, for the third quarter of 2007, compared to earnings of $38.8 million, or $0.37 per common share, for the same quarter last year. Year-to-date earnings applicable to common shares were $113.8 million, or $0.86 per common share, compared to earnings of $113.3 million, or $1.09 per common share, for the same period last year.
.
Quick Action For Housing Crisis: Market Indicators Are Tumbling
President Bush last night spent 45 seconds (including applause) addressing the severe downturn in the housing market. This morning, we were treated to the release of new data on house prices and foreclosures, each of which indicates that a more aggressive role for government is warranted to help solve the current crisis. House prices have now declined for 11 consecutive months, with November’s annual decline of 8.4 percent a record low. Seven metropolitan areas are showing double-digit declines year over year. Not surprisingly, many of the places with the steepest declines are in states with high rates of foreclosures. Foreclosures jumped 75 percent nationally for all of 2007 and nearly doubled in December, marking the fifth consecutive month with more than 200,000 foreclosures.
|
