Private lenders threaten fall student loan market shift
A change in the formula for government guaranteed student loan interest rates, set to take effect July 1, could disrupt the fall financing market. Private lenders, who supply about 70 percent of loans, may pull back if profitable rates can’t be offered, risking shortfalls for students and colleges. Education and Treasury officials, plus Congress, are considering adjustments but action may be slow ahead of college deadlines.
MENTIONED IN THIS ARTICLE
Education Department
Education
Treasury Departments
Congress
J. Paul Carey
Sallie Mae
Collectibles for kids urges fun over fortune
Kids collect items from baseball cards to stamps to learn about different eras. Value grows with age, rarity, and condition, but no universal formula guarantees future worth. Focus on enjoyment and curiosity, not market timing, and let collectables reflect a child’s interests.
Year 2000 problems loom as glitches hit real world
The year 2000 bug affects consumers and business with missing card acceptance at AMC theatres and supplier contract systems failing in upstate New York. Insurers limit contracts to short terms, while experts warn older computer codes may interpret January 1 2000 as 1900. Standish Group estimates 440 billion dollars is spent reprogramming and testing to fix the issue.
MENTIONED IN THIS ARTICLE
AMC Theatres
Upstate
New York
Corning Inc
Property and Casualty
Standish Group International
Dennis
Mass
Steris bets on irradiation to boost meat safety and sales
Steris Corp aims to profit from gamma ray irradiation of meat after FDA approval, despite consumer skepticism. The Cleveland area firm, now with 4,000+ employees and a $1.65 billion market value, acquired Isomedix to push this process, which exposes food to cobalt 60 gamma rays to kill bacteria.
MENTIONED IN THIS ARTICLE
Mentor
Ohio
Food and Drug Administration
Muchewicz
Cleveland
Ali
Steris Corp
Steris
Isomedix Inc
New Jersey
FDA
Also Mentioned on This Page
Clinton
Fritz Elmendorf
Consumer Bankers Association
Barbara Hall
Sherri
Lakewood
William Basenback
Bill Sanford
Asteris
MAN and Machines
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