Every year the federal government gives needy college students $34.5 billion that they don't have to pay back. More than 9 million students rely on Pell Grants. A new study says in addition to many of the students being older, much of that money is going to people who never graduate.
When Tiger Woods tees off at Augusta National Golf Club this week, he will have overcome injuries and personal scandal. But commentator Frank Deford wonders whether a Masters win for Woods would be a comeback or his way of getting back at his detractors.
How should boomers plan to pay for school when, on average, students graduate from college in the U.S. with $25,000 in debt? Ron Lieber, who writes about personal finance for The New York Times, tells Morning Edition's David Greene about planning strategies and pitfalls to avoid.
Almost 1 million people are employed in construction in Texas, but many have a hard time making a living safely. The state's construction industry has the highest fatality rate in the nation, while large numbers of undocumented workers have suppressed wages and made it easy for contractors to exploit laborers.
Amid deep budget cuts and layoffs, the nation's second-largest school district is spending $4.5 million to hire 1,000 new aides this year. The superintendent says he'd rather use the money to hire back teachers, but the shootings in Newtown, Conn., led to a change in priorities.
Around the country, budget cuts are bringing some federal public defenders to the breaking point. "We can't not pay the rent, and ... everything else is personnel. We can't send a computer to court," says Washington, D.C., public defender A.J. Kramer.
Many economists would applaud a change in the way Social Security administrators measure inflation. But many older Americans may hiss at using something called the "chained CPI," fearing a new formula will cut their benefits in coming years.
After losing many customers through an unsuccessful facelift attempt by Ron Johnson, J.C. Penney will be led by former CEO Myron Ullman. One analyst says it must "embrace" its customers to recuperate, but others wonder if it can survive.
University of Louisville fans have had a lot to cheer about lately — and not just basketball. Monday's big victory by the school's men's basketball team over Michigan is just the latest success for an athletic department that is quickly becoming one of the country's most admired.
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