Obama grants 10 states relief from No Child Left Behind
President Barack Obama on Thursday freed ten states from key requirements of the No Child Left Behind law, allowing use of non-test metrics and broader subject scope while they pursue their own federal approved plans. The move signals potential broader state opt outs as lawmakers and civil rights groups weigh implications for accountability and support for disadvantaged students.
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25 Billion Foreclosure Abuse Settlement Reached
Washington officials hailed a landmark 25 billion settlement with major mortgage lenders as overdue relief for foreclosure abuses while critics warn it will aid only a fraction of underwater homeowners. The deal would help about 1 million of roughly 11 million households who owe more than their homes are worth, with some victims receiving checks and loan reductions but overall impact seen as modest.
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Washington
Kansas to gain 50 million from broad mortgage settlement
Kansas to receive about 50 million in a 25 billion settlement among the federal government states and major lenders. The deal covers Bank of America JPMorgan Chase Wells Fargo Citigroup and Ally Financial reducing loans for about 1 million households and sending 2000 checks to roughly 750000 Americans including around 4000 Kansas residents who were foreclosed on. Banks have three years to fulfill the terms.
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Pentagon opens thousands of jobs to women near front lines
The Pentagon announced new rules expanding women’s access to thousands of positions closer to frontline duties. The policy, sent to Congress, will take effect if lawmakers do not act within 30 work days. Critics say restrictions still bar women from infantry, armor, and special operations roles.
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Pentagon
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Chemo May Be Safe For Pregnant Cancer Patients
London researchers report encouraging findings that pregnant women with cancer may be treated similarly to nonpregnant patients with minimal risk to the fetus. Although rare, rising cancer risk with age means more women face this dilemma and doctors seek safe treatment and pregnancy decisions.
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London
Greece edges toward bailout as austerity pact nears
Greece and its fractious leaders agreed a deal Thursday to cut government jobs and spending to avoid default and secure a 130 billion euro bailout. Talks in Brussels will determine final steps as creditors press for deeper private debt relief and a March 20 bond payment. The country remains in recession with unemployment near 21 percent amid patronage and tax issues.
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Kodak to exit camera business amid bankruptcy relief
Eastman Kodak Co. said it will stop making digital cameras pocket video cameras and digital picture frames as it seeks bankruptcy protection on $6.7 billion in debt. The company has a year to devise a restructuring plan.
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Kodak
Eastman Kodak Co
Thursday Markets End Mixed As Oil and Stocks Climb
The Dow adds 6.51 to 12,890.46 while Nasdaq gains 11.37 to 5,927.23 and the S&P 500 rises 1.99 to 1,351.95. Corn and wheat fall while soybeans dip. oil and precious metals jump with gold at 1,741.20 and silver at 33.92.
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