It’s not an easy sell. The story of a bunch of kids living in group housing and their counselors who could use some counseling themselves. But to skip Short Term 12 based solely off its premise would be to cheat yourself of an emotionally-charged and genuinely touching story. The film is as eye-opening as it is compelling; reminding us of a group of children who’ve been so discarded by society they literally have nowhere to go but short-term foster care.
Calling higher education an “economic imperative,” President Barack Obama is pushing for a new rating system for colleges that would judge schools on affordability and performance and determine how federal financial aid is distributed. (Aug. 22)
Primary dealers surveyed before the Federal Reserve’s July policy meeting said they expected the U.S. central bank to trim its asset purchases by $15 billion starting in September.
The U.S. Federal Reserve may need to drain up to $2 trillion from the financial system when it decides to normalize short-term interest rates
Debt ratings agency Moody’s has warned that Huntington, Long Island, could lose its top credit rating if the town funnels more money away from public pensions to meet short-term spending needs, a controversial practice that has skyrocketed among New York’s cash-strapped municipalities.
The Hindenburg disaster took about 35 seconds from ignition to crash. The market omen named after this infamous disaster has been triggered multiple times over the last several months, starting at the end of May. Thus far the Hindenburg Omen has yet to trigger a market crash.
Goldman Sachs isn’t the only trading firm facing potential losses after the bank on Tuesday flooded the U.S. stock-options market with erroneous orders. Jacob Bunge reports on The News Hub. Photo: AP.
European Central bank executive Joerg Asmussen says there are no plans to boost Greece’s bailout program before a spring review next year, a day after Germany’s finance minister said a third aid programme would be needed to keep Athens afloat. Ciara Sutton reports.
What’s News: Germany’s finance minister said Greece will need another aid program but it won’t be granted a second debt write-down, plus, tens of thousands of Syrian Kurds have crossed into neighbouring Iraq and more…Jason Bellini reports. Photo: AP
A possible showdown looms in Detroit as pensions question whether the city’s financial position is as dire as state officials are claiming. Matthew Dolan explains on the News Hub. Photo: AP.
