Tag "Great Recession"
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Survey illustrates UC’s reliance on tuition of foreign students
A survey of 2,800 U.S. colleges prepared by the Institute of International Education and the U.S. State Department underscores once again how much the budget of the University of California relies on high tuition and fees paid by foreign students.
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CalSTRS at risk of disaster despite 2014 bailout
Four years after the state Legislature passed a bailout of the California State Teachers’ Retirement System that will nearly double annual direct contributions to the giant pension fund, a newly released internal report raises the prospect that the infusion of
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Wells Fargo board shake-up shows failure of damage-control push
Events of the past week show Wells Fargo’s attempts to put a huge scandal behind it by paying a $185 million penalty and settling a class-action lawsuit for $142 million have failed because of fresh evidence of corporate malfeasance – grim news
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CEO out, but heat still building on Wells Fargo
John Stumpf abruptly resigned Wednesday as CEO and chairman of the scandal-torn San Francisco-based banking giant Wells Fargo. But much more fallout is expected over the revelation last month that Wells Fargo had fired 5,300 employees for fraudulently signing up customers
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Kashkari makes splash in new job with Fed
California’s 2014 Republican gubernatorial nominee Neel Kashkari has dropped a bombshell in his new job as president of the Minneapolis Federal Reserve. In a speech at the Brookings Institution in Washington, D.C., the 42-year-old former PIMCO executive and Orange County
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Santa Cruz County targets felonious Wall Street banks
Millions of Americans — mostly but not entirely on the political left — remain furious that Wall Street giants were protected by the political class from catastrophe during the Great Recession even though their dangerous credit and lending practices were
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U.S. self-employed businesses crashing
May 10, 2013 By John Seiler New data show a continued sharp decline in self-employed businesses in the United States. This is another indication that the “recovery” from the Great Recession is bogus. Things only are slightly less bad than
Read MoreEconomic Decline Accelerating
John Seiler: The recent phony budget deal that Gov. Jerry Brown signed into law anticipated $4 billion in extra revenues from a booming economy. Oops. All the indicators coming out show that the economy is declining again, meaning tax revenues
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