Rising costs of federal loan defaults burden taxpayers
The GAO warns defaults on federally guaranteed student loans cost taxpayers over 400 million dollars in nine years and rise yearly. One in six borrowers fails to repay, with four million loans totaling 4.5 billion guaranteed between 1968 and 1976. Recommendations urge tougher collection, national action, and stronger credit checks to curb losses.
MENTIONED IN THIS ARTICLE
Washington
General Accounting Office
Congressional
GAO
Office of Education
Justice Dept
San Francisco
Boats Halt Cuban Raid Plan by Exiles in Miami
A Brigade 2506 spokesman denounced the seizure of three boats and weapons by U S Customs as a lawful effort to free Cuba. One man, Pedro Gil, was charged with arms export law violations after authorities disrupted a nine-man commando group planning a hit and run raid on the Cuban coast.
MENTIONED IN THIS ARTICLE
Miami
Pedro Rojas
Brigade 2506
Bay of Pigs
Cuba
U.S
Jerome Sanford
Sanford
Lopez Estrada
United States
Miami River
Pedro Gil
Gil
CBS
CIA
Secret Army
WTVJ
Fidel Castro
Mercury found in Newton area water sparks test drive
Results from ground water tests near Newton are awaited by Wednesday. Dr. John Freeman of the state health department says initial results show unusually high mercury in a well at the sewage treatment plant but not in nearby wells. The public water supply remains unaffected as tests continue on sanitation workers and plant samples.
MENTIONED IN THIS ARTICLE
Newton
N.C
John Freeman
State Dept. of Human Resources
Freeman
Catawba County
Howard M. Surface
Charlotte Commercial
Catawba
Dairymen Antitrust Investigation Begun
RALEIGH AP The 7000 member Dairymen Inc a milk cooperative faces federal antitrust scrutiny to determine if its acquisitions are lawful The FTC declined to discuss specifics DI is Louisville Ky based with 520 NC farmers about a third of the states producers DI has been charged in a federal suit with monopoly practices Walker DI Carolinas manager says it helped some processors stay afloat
MENTIONED IN THIS ARTICLE
Raleigh
Dairymen Inc
David I. Wilson
Federal Trade Commission
Bureau of Competition
Wilson
Louisville
North Carolina
James Walker
Carolinas
Ray Ray Talks Out Of Million Libel Suit Against Playboy
In Nashville Tennessee attorney Jack Kershaw says convicted killer James Earl Ray will withdraw a $1 million libel suit filed from prison against Playboy magazine The suit concerned a September issue story about Ray and lie detector tests Playboy cited John E Reid and Associates tests that claimed Ray lied about killing Martin Luther King Jr Ray pled guilty but later questioned his plea before Brushy Mountain State Prison Ray plans to comment on test results after reviewing them Kershaw called the tests inexpertly given by a novice and disputes Playboy claims that Ray admitted dishonesty He says the polygraph results may not prove libel and vows to refute them publicly
MENTIONED IN THIS ARTICLE
Nashville, Tenn
James Earl Ray
Ray
Playboy Magazine
Jack Kershaw
Kershaw
Martin Luther King Jr
Playboy
King
Brushy Mountain State
Petros
U.S. District Court
Knoxville
John E. Reid
Also Mentioned on This Page
Education Agency
State Dept
Dairymen
City OF
High Point
S. Hamilton ST
Sarah W. Herbin
Guilford County Board of Elections
Calhoun Drug Store Inc
Westwood
Evelyn Davis
Harold C. Davis
Davis Saunders
Chapel of Blowers North Main
Farriss Avenue
Tor
Memphis
Sartins Cleaners
English Road
High Point, N.C
MARSH
S. Centennial
Guilford Technical Institute
Piedmont Savings and Loan
Old Winston Road
Northpoint Avenue
Piedmont
North Main St
Old Winston Rd
Northpoint Ave
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