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Tag Archives: finance

Laslo Boyd: Higher education’s broken financial model (access required)

President Obama caused quite a stir in higher education circles recently when he announced that he wants to create a system for rating colleges on which ones provide consumers with the best value. The underlying motivation for his suggestion is a serious one that should provoke more than the reflex responses that you so often hear when anyone raises questions about the cost of college attendance.

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Study: U.S. could default as early as Oct. 18

WASHINGTON — The United States could default on its obligations as early as Oct. 18 if Washington fails to agree on legislation to raise the government’s borrowing cap, a new study predicted Tuesday. The Bipartisan Policy Center analysis says the ...

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Obama picks restructuring expert to take over IRS

WASHINGTON — President Barack Obama has chosen a retired corporate and government official with experience managing numerous organizations in crisis to take over an Internal Revenue Service under fire for targeting political groups. Obama said his nominee for commissioner of ...

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Report: Detroit’s bankruptcy could set tone

DETROIT — Moody’s Investors Service says Detroit’s road through bankruptcy could set the tone or precedent for other financially distressed communities. The report released Friday says it doesn’t anticipate numerous defaults and bankruptcies, but more could come if Detroit successfully ...

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Harbor Point TIF could cost $283 million (access required)

Although the initial request for one of three public tax breaks for a $1 billion development on the city’s waterfront near Harbor East is $107 million, the cost of repaying that amount will balloon to more than $283 million over the three-decade term of the bonds, according to city documents.

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