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While President Biden claims that forgiving student loans helps reduce college costs, it is the loan program itself that is responsible for much of the explosive growth of higher education spending.
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Crypto hackers have turned to flash loans as a powerful tool.
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Nearly 300 American businesses have folded despite receiving hundreds of millions of dollars in federal loans meant to keep them afloat during the coronavirus pandemic, a new report says.
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A software startup backed by venture capitalist Josh Kushner axed about a third of its staff just three days before snagging coronavirus relief funds meant to help the firm preserve jobs, The Post has learned. San Francisco-based Welkin Health laid off 10 of its roughly 30 employees on April 24 as the COVID-19 crisis sapped …
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Dozens of businesses raked in at least $20 million in federal coronavirus relief loans despite appearing ineligible to receive them, a new report says. More than 75 firms got Paycheck Protection Program loans worth at least $150,000 even though they didn’t exist before the spring or failed to meet other criteria for the program, the …
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We must confront the reality that “cancellation” of student loan debt may successfully serve a political campaign promise, but it fails as serious policy. America’s polarized political system is ripe for radical ideas. Democratic political systems are based on the notion that politicians must find ways to appeal to voters. As the demographics of a …
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The billionaire financier who promised to pay off an entire college class’s student debt is under federal probe for possible tax crimes, a new report says. A web of offshore financial transactions is at the heart of the probe of Robert F. Smith, a money manager and philanthropist who is the wealthiest black person in …
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Kodak’s stock price plummeted early Monday after the Trump administration slammed the brakes on a loan deal to help the company launch a pharmaceuticals business. Shares in the former photography giant tumbled 38.2 percent to $9.20 by 7:50 a.m. after the US International Development Finance Corporation put the $765 million loan on ice amid probes …
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Suspected fraudsters have infiltrated a loan program meant to help small businesses weather the coronavirus crisis — and the feds are letting them slip through, a watchdog warned. The Small Business Administration’s inspector general has received more than 5,000 complaints from lenders about suspected fraud in the Economic Injury Disaster Loan program, which offers aid …
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The phrase “Kodak moment” could soon have a new meaning. Kodak, a 132-year-old camera company, is launching a new pharmaceuticals arm with help from Uncle Sam, officials announced Tuesday. The Trump administration awarded the onetime photography titan $765 million under the Defense Production Act to make ingredients for a wide range of drugs in an …
While President Biden claims that forgiving student loans helps reduce college costs, it is the loan program itself that is responsible for much of the explosive growth of higher education spending.
