| Disputed Accord in Student Loan Case
Department officials portrayed the settlement reached with the Nebraska Education Loan Network, or Nelnet, as a defeat for the for-profit company. They noted that they were declining to pay an estimated $882 million in additional reimbursement requests that the company has pending under the same loophole, and ending future payments on such loans to other lenders as well unless the lenders can prove, through audits, that they qualify for the funds. Nelnet officials themselves, too, took issue with the department’s finding but said they had settled the case to allow the company to move on. But Congressional and other critics accused the department of going soft on Nelnet and other lenders. They blasted administration officials for failing to fully follow the recommendation of the department’s inspector general, who contended in a September audit report that Nelnet should be forced to repay all funds earned through the loophole, though which lenders were paid a 9.5 percent government subsidy on a certain class of student loans.
Hand-me-down firetruck proves to be a lifesaver
Fire Chief Dennis Massey is proud of the volunteer fire department's 1959 Chevy Spartan firetruck. Massey has been a part of the Village of Palisades firefighting force almost since the beginning in 1996. The all-volunteer department uses hand-me-downs and what they can get on a small budget. .
Schwarzenegger Vetoes DREAM Bill for Immigrant Students
Late Saturday, Gov. Arnold Schwarzenegger issued a series of vetoes on various bills — and in so doing dashed the hopes of student activists who have been pushing to make it easier for undocumented students to obtain financial aid and to pressure publishers and faculty members into changing practices that some believe contribute to the high price of textbooks. At the same time, Governor Schwarzenegger signed another bill on textbooks, favored by publishers and opposed by student groups. .
Internet Gambling Deserves a New Chance
We just don't want him and his offshore card sharks trolling for suckers in our living rooms. Opinions and conclusions expressed in the BusinessWeek Debate Room do not necessarily reflect the views of BusinessWeek, BusinessWeek.com, or The McGraw-Hill Companies. .
50,000 to file IT returns again
Setting a record of sorts, traffic cops challaned nearly 1,600 violators in the Feroze Gandhi market here in the last one month. As per rough estimates, total revenue generated was around Rs 16 lakhs. The market is one of the busiest in the city, with a large number of business houses, commercial offices, banks and finance companies located here. Police sources said the market had recently become quite sensitive due to its proximity to the mini-secretariat, police headquarters and the CIA office. Vehicles parked dangerously close to the secretariat wall were a major threat, so vigil in the area was increased. SI Mukesh Kumar got the distinction of challaning nearly 1,000 vehicles. SSP R.K. Jaiswal, who had specially ordered increased monitoring in the market, has awarded him with a commendation certificate given by IG Zonal.
Feliz nears Giants exit
Ex-Giant Torres traded: Former Giants pitcher Salomon Torres, who led the league in appearances in 2006, was dealt Friday by the Pirates to the Brewers for pitching prospects Marino Salas and Kevin Roberts. The Brewers are rebuilding their bullpen after losing Francisco Cordero to Cincinnati and Scott Linebrink to Chicago via free agency. Torres, now 35, made 94 appearances in 2006 after pitching in 78 games in 2005 and 84 in 2004. Last season, Torres had recurring problems with a sore right elbow, limiting him to 56 appearances. He was 2-4 with a 5.47 ERA and lost the closer's job. The right-hander is due $3.2 million in 2008. Inge wants out: The Tigers are open to trading third baseman Brandon Inge, who lost his job to newly acquired Miguel Cabrera.
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