The final curtain?

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President Obama announced “Student Aid Bill of Rights”

first_imgPresident Barack Obama officially unveiled a “Student Aid Bill of Rights” this week,  a memorandum geared towards alleviating the burden on college students to repay their loans.According to the presidential memorandum released by the White House, the bill aims to create a responsive student feedback system where students have the opportunity to file complaints about federal student loan lenders, servicers, collection agencies and institutions of higher education.Additionally, the bill looks to create high-quality, borrower-focused servicing and ensuring fair treatment for struggling and distressed borrowers by raising standards for student debt collectors.During a speech to students at Georgia Institute of Technology, the president explained that the key to obtaining an income at or above middle-class wages is through a college degree. To do so, he said, students must be able to afford the financial burden of repaying monthly loans.“And it [the bill] says every student deserves access to a quality, affordable education,” Obama said at Georgia Tech. “Every student should be able to access the resources to pay for college. Every borrower has the right to an affordable repayment plan. Every borrower has the right to quality customer service, reliable information and fair treatment, even if they struggle to repay their loans.”The presidential memorandum leads officials in the Department of Education and federal agencies to implement greater transparency for student loan holders. According to the White House, the secretary of education will create a new website on July 1, 2016, to provide a responsive student feedback system in which students are able to file complaints and feedback regarding financial aid and loan repayments, specifically targeted to decrease misleading claims.“I didn’t run for president just to get us back to where we were — I ran for president to get us to where we need to go,” Obama said. “And where we need to go is a growing middle class with rising incomes and opportunities for everybody who’s willing to work hard.”Prior to the release of the “Student Aid Bill of Rights,” Obama released the “Pay As You Earn” plan which grants student borrowers the ability to cap federal loan payments at 10 percent of their living wages, proposed plans to make two years of community college free for students, granted $75 million to colleges and universities through the First in the World program and announced 600 new commitments to help help increase the student graduation rate.In the bill, the president included steps to prioritize the needs of student borrowers by pairing the Department of Education, the White House Office of Science and Technology Policy and the Office of Management and Budget to analyze which best fit practices will benefit student borrowers.“So based on this principle, we’re going to make sure universities are using technology to help students learn at lower costs,” Obama said. “We’re going to make sure that loan servicers can find better ways to help borrowers keep up with monthly payments that they can afford.  We as a country can do more to invest in Pell grants and community college to make sure quality education is affordable for everybody.”The memorandum also focuses on helping borrowers afford monthly loan payments by ensuring that loan servicing agencies provide fair interest rates on federal student loans and require loan disclosures.Obama explained that every individual, regardless of party preference, should sign the bill and encouraged all citizens interested in bolstering a stronger workforce for the future to take action by signing the bill online.“It’s a simple set of principles that if everybody signed onto — Republicans, Democrats, state legislators, university presidents, members of Congress — it can focus our attention, all these different things that we’re doing, into one simple, basic idea, which is, make sure that when you’re doing the right thing, that your society has got your back and is looking out for you,” Obama said.last_img read more

Gianni Infantino Re-elected for Second Term as FIFA President

first_imgGianni Infantino has been re-elected as president of football’s world governing body Fifa for a second term.The Swiss-Italian, 49, was re-elected until 2023 without opposition at Fifa’s annual congress in Paris.He succeeded Sepp Blatter in 2016 and has increased the number of teams at the 2026 World Cup and proposed key changes to the Club World Cup. Ex-president Blatter was in charge for 17 years until he was banned amid a corruption scandal.Infantino’s re-election was marked by a round of applause, after rules were changed earlier in the day to no longer require a vote from Fifa’s 211 members if only one candidate was standing.In a lengthy speech at the congress, Infantino focussed on the relative calm of his first term in charge compared to the situation he inherited.“Nobody talks about crisis at Fifa any more or rebuilding it from scratch,” he said.“Nobody talks about scandals or corruption, we talk about football. We can say that we’ve turned the situation around.“This organisation has gone from being toxic, almost criminal, to being what it should be – an organisation that develops football and is now synonymous with transparency, integrity.”Former Uefa secretary general Infantino was behind the expansion of the World Cup from 32 teams to 48 for the 2026 tournament, which will be held in the United States, Canada and Mexico.Plans to bring the expansion forward to the 2022 World Cup were however abandoned last month.In March, Fifa approved Infantino’s plans for a 24-team Club World Cup starting in 2021, despite top European clubs saying they would boycott the tournament.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegram FIFA President Infantino (second left), CAF President Ahmad (left), CAF 1st VP/NFF President Pinnick (second right) and CAF 2nd VP Omari Constant Selemani (right) after the FIFA Congress in Paris, Wednesdaylast_img read more

Peter Jackson: PPB’s FanDuel to maintain DFS focus in US expansion

first_img Related Articles StumbleUpon Share Share Paddy Power raises awareness of Missing People with Motherwell ‘silhouette’ stand August 7, 2020 Submit Flutter moves to refine merger benefits against 2020 trading realities August 27, 2020 US expansion was a key theme of Paddy Power Betfair’s (PPB) corporate update on Wednesday, with the FTSE100 firm outlining its mandate to maximise the FanDuel merger and develop as a household proposition for the US sports scene.Facing increased US competition, PPB detailed that it won’t disregard the fantasy sports element of FanDuel’s offering, as the vertical enhances the merger to ensure customer acquisition targets are met during the operator’s period of expansion.The DFS focus comes in spite of Paddy Power’s previous fantasy investment, PlayDraft experiencing a period of continued turbulence with PPB governance revealing that PlayDraft has suffered £3m in losses. Nonetheless, with FOBT regulations and the Italian advertising ban limiting options within the European betting sector, PPB will be hoping that DFS will be the gatekeeper to a profitable US market it so desperately seeks.   Updating investors, PPB Group Chief Executive Peter Jackson reaffirmed the importance of maintaining a key focus on FanDuel’s core offering.“A huge part of the DFS market is the NFL season, which is not many weeks long and last year I think they had four weeks before the season started where they found out that the planned merger with Draftkings had been called off. So actually, the plans and preparations that FanDuel had done, were pretty poor because they hadn’t expected to be operating as a standalone business at that stage.”Jackson further emphasises that DFS and building on the FanDuel product can aide PPB’s growth into States that are yet to legalise sports betting: “In terms of what’s going to happen going forward with fantasy and how important it will be, there are going to be a lot of States that sports betting isn’t allowed, and we will continue to be able to offer our TVG services and fantasy services in those markets.”He added: “I think where sports betting will be legalised and it will be fascinating to see what happens in New Jersey, I do think we are going to see a different market construct in the US to the ones that we see in Europe or around the world, there is going to be a bigger balance between free to play games, fantasy and sports betting. Things will work different to how they do in other parts of the world, the fantasy stuff will continue to be important even in States where sports betting is legalised, and of course, it will allow us to acquire customers in those States in advance of it becoming legalise.”Further affirming the idea that PPB has ambitions of utilising the already strong FanDuel footprint within US States, the operator also detailed that marketing expenditure in the US will be “significantly lower” than the £50-£60m that had been touted by many analysts. A move that further strengthens the firm’s faith in the FanDuel brand, especially given that its heightened marketing approach during the World Cup saw it report £45m revenue throughout the tournament, as well making the Paddy Power brand amongst the most popular brand in UK conversation for the duration of the tournament. ‘Deal maker’ Rafi Ashkenazi ends Flutter tenure  August 27, 2020last_img read more

Former England, Chelsea midfielder Joe Cole retires at 37

first_imgLATEST STORIES Sports Related Videospowered by AdSparcRead Next Lights inside SMX hall flicker as Duterte rants vs Ayala, Pangilinan anew View comments Tim Cone, Ginebra set their sights on elusive All-Filipino crown Nadine Lustre’s phone stolen in Brazil Lights inside SMX hall flicker as Duterte rants vs Ayala, Pangilinan anew Gov’t to employ 6,000 displaced by Taal Allen Durham still determined to help Meralco win 1st PBA title Japeth Aguilar embraces role, gets rewarded with Finals MVP plum Cole won every domestic honor during his time at Chelsea, contributing to the west London club’s first English title in 50 years in 2005 under Jose Mourinho.A 2 1/2-year spell at Liverpool saw Cole make only 42 appearances, scoring five goals. A season-long return to West Ham was followed by spells at Aston Villa, Coventry and then the Rowdies in Florida.“I’ve been incredibly fortunate to have played with some of the very best players of my era and even more fortunate to call a lot of them friends,” Cole said. “Winning trophies at Chelsea was particularly special for me. Those memories will live with me forever, as will the chance I had to share them with my family.“Looking to the future, I want to stay involved in the game. I feel I can offer a lot as a coach. To lend my experience to help other young footballers achieve their dreams, just like I did, is a big passion of mine.”ADVERTISEMENT PH boxers Gabuco, Petecio begin AIBA women’s boxing campaign After impressing at West Ham, Cole made his England debut at 19 and went on to earn 56 caps and appear at three World Cups. Cole was part of England’s so-called Golden Generation, playing alongside David Beckham and Wayne Rooney.“I hope the next two decades are as special as my last 20 years as a professional have been,” Cole said. “A huge thanks to everyone who helped me along that path.”FEATURED STORIESSPORTSGinebra beats Meralco again to capture PBA Governors’ Cup titleSPORTSJapeth Aguilar wins 1st PBA Finals MVP award for GinebraSPORTSGolden State Warriors sign Lee to multiyear contract, bring back ChrissCole, a lifelong Chelsea supporter, joined West Ham at the age of eight and made 187 appearances, scoring 18 goals, in two spells, from 1998 to 2003 and 2013-14.He moved across London to Chelsea after West Ham’s relegation from the Premier League in 2003. Don’t miss out on the latest news and information. Carpio hits red carpet treatment for China Coast Guard PLAY LIST 02:14Carpio hits red carpet treatment for China Coast Guard02:56NCRPO pledges to donate P3.5 million to victims of Taal eruption00:56Heavy rain brings some relief in Australia02:37Calm moments allow Taal folks some respite03:23Negosyo sa Tagaytay City, bagsak sa pag-aalboroto ng Bulkang Taal01:13Christian Standhardinger wins PBA Best Player award Gretchen Barretto’s daughter Dominique graduates magna cum laude from California college Will you be the first P16 Billion Powerball jackpot winner from the Philippines? MOST READ FILE – In this file photo dated Tuesday, Jan 21 2014, West Ham’s Joe Cole controls the ball during the English League Cup match against Manchester City at the Boleyn stadium in London. Former England and Chelsea midfielder Joe Cole has retired from soccer, it is announced Tuesday Nov. 13, 2018, completing his career with Tampa Bay Rowdies in the United Soccer League. (AP Photo/Alastair Grant, FILE)LONDON — Former England and Chelsea midfielder Joe Cole has retired from football.The 37-year-old Cole completed his career with the Tampa Bay Rowdies in the United Soccer League, scoring 104 goals in 716 professional appearances for seven teams.ADVERTISEMENTlast_img read more

Assembly bills get on track

first_img AD Quality Auto 360p 720p 1080p Top articles1/5READ MORE11 theater productions to see in Southern California this week, Dec. 27-Jan. 2$70 million. “With automobile and train traffic increasing exponentially, we need to make the building of grade separation structures a higher priority in our transportation budget,” said Bermudez. AB 1935 – approved on a 60-0 vote – would increase the frequency of railroad inspections from every 180 days to every 120 days. It also would require the Public Utilities Commission to adhere to stricter reporting requirements, including the collection of “near miss data” and compiling a list of root causes of all train accidents in its annual report to the Legislature. “Frequent inspections of railroad operations and equipment will help officials identify and eliminate safety dangers, Bermudez said. Editor’s note: It’s Politics reports Saturdays on the ins and outs of Whittier-area politics and city government. There are only three days left until Tuesday’s election, but state Senate candidates Assemblymen Rudy Bermudez and Ron Calderon both took time out this week to get some bills through. Bermudez touted the Assembly’s passage of two of his bills dealing with railroads. AB 1785 – approved on a 52-0 vote – would increase the amount required to be budgeted for allocation to grade separation projects over railroads from $15 million to Calderon also had success getting his anti-graffiti bill passed on a 67-6 vote. AB 2923 would punish vandals convicted of graffiti crimes by allowing a judge to revoke their driver licenses for a maximum of three years, or until the vandals pay the full amount of damages, plus any fines. In addition, those convicted under AB 2923 would not be allowed to register a vehicle in California, or to renew a driver license until all fees are paid. “My district had witnessed exponential growth in the number of graffiti markings over a 3-year period,” Calderon said. In one city, officials recorded more than 5,000 graffiti markings in 2003 but saw that number grow to more than 50,000 markings by 2005, he said. “Residents are sick and tired of seeing their cities replete with graffiti, and I intend to make these vandals pay.” MORE LEGISLATION: State Sen. Martha Escutia’s legislation to increase fines for air polluters was approved by the Senate on a 21-13 vote this week. SB 1205 increases the caps on penalties for violations of air pollution laws and gives local air districts the ability to seek stiffer penalties from serious air polluters. “With passage of the Children’s Breathing Rights Act by the Senate, our children are a step closer to being protected against air-polluting industries located near their homes and schools,” said Escutia, D-Norwalk. “With SB 1205, major polluters that have accepted low fines as the cost of doing business will no longer have permission to pollute without the threat of major consequences,” she said. Opponents of the bill argue that current penalties are sufficient, especially considering the implications of non-renewal of an operating permit, according to a Senate analysis of the bill. LAST-MINUTE CAMPAIGNING: Assemblyman Ron Calderon’s campaign will hold a get-out-the-vote effort at 9 a.m. today at his campaign headquarters, 1713 W. Whittier Blvd., Montebello. Mail items for It’s Politics to the Whittier Daily News, P.O. Box 581, Whittier, CA 90608; fax to (562) 698-0450; phone (562) 698-0955, Ext. 3022; or e-mail [email protected] local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set!last_img read more