President Obama, a Harvard Law grad and former law professor, has suggested that students can learn all they need to take the bar exam in two years. That would save them tens of thousands of dollars. But it would also cost law schools millions of dollars in tuition revenue.
There are about 2 million home care workers in the U.S. But currently they are not covered under minimum wage and overtime laws. That will change in January of 2015 under new regulations announced by the Obama administration.
After Tea Party Republicans balked at passing the traditional farm-and-food-stamp bill, House leaders split the two apart. The farm portion narrowly cleared the House in July. The food stamp part is on its way to the floor — this time with cuts twice as large as before. The $40 billion in cuts would be made over a decade.
Nike made the leap onto the stock averages index when Hewlett-Packard, Bank of America and Alcoa were dropped because of their low stock prices. Yes, says, commentator Frank Deford, a mere sporting goods company has joined the wealthy elite.
What's the point of an allowance? For Ron Lieber, personal finance writer for The New York Times, it'sa tool to help teach things like patience, moderation, thrift and generosity. Some parents make kids earn money by doing chores, others give an unconditional allowance. What's your approach?
The administration sent a petition to the Federal Communications Commission asking it to come up with new rules to override a law scheduled to take effect in January. The law would make it a crime punishable by up to five years in prison to unlock your cellphone without permission from your carrier.
Brazil's banks started giving easy credit about eight years ago. The country was booming, and a new consumer class was created, fueling growth. But that boom is now over, and Brazilians are some of the most indebted people in the world.
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