education
U.S. Dept. of Education SWAT Team Breaks Down Man’s Door Over STUDENT LOANS
Apparently, there was this woman who had skipped out on her student loans, so the feds sent a SWAT team to her house to deliver a search warrant. That is to say, the SWAT team stormed the house, broke down the door, handcuffed her husband, and stuck around for six hours until it finally was successfully pointed out that not only was the woman not there; she had in point of fact skipped out on her family, too. – RedState
Duration : 0:2:21
Dept. of Education Fed Swat Team Breaks Down Stockton Man’s Door
12:15 AM, Jun 8, 2011
STOCKTON, CA – Kenneth Wright does not have a criminal record and he had no reason to believe a S.W.A.T team would be breaking down his door at 6 a.m. on Tuesday.
“I look out of my window and I see 15 police officers,” Wright said.
Wright came downstairs in his boxer shorts as a S.W.A.T team barged through his front door. Wright said an officer grabbed him by the neck and led him outside on his front lawn.
“He had his knee on my back and I had no idea why they were there,” Wright said.
According to Wright, officers also woke his three young children ages 3, 7, and 11 and put them in a Stockton police patrol car with him. Officers then searched his house.
As it turned out, the person law enforcement was looking for was not there – Wright’s estranged wife.
“They put me in handcuffs in that hot patrol car for six hours, traumatizing my kids,” Wright said.
Wright said he later went to the mayor and Stockton Police Department, but the City of Stockton had nothing to do with Wright’s search warrant.
The U.S. Department of Education issued the search and called in the S.W.A.T for his wife’s defaulted student loans.
“They busted down my door for this,” Wright said. “It wasn’t even me.”
According to the Department of Education’s Office of the Inspector General, the case can’t be discussed publicly until it is closed, but a spokesperson did confirm that the department did issue the search warrant at Wright’s home.
The Office of the Inspector General has a law enforcement branch of federal agents that carry out search warrants and investigations.
Stockton Police Department said it was asked by federal agents to provide one officer and one patrol car just for a police presence when carrying out the search warrant.
Stockton police did not participate in breaking Wright’s door, handcuffing him, or searching his home.
“All I want is an apology for me and my kids and for them to get me a new door,” Wright said.
http://www.news10.net/news/local/article/141072/2/Dept-of-Education-breaks-do…
Duration : 0:2:21
Greek Lawmakers Pass Spending Cuts Required for Loans
This is the VOA Special English Economics Report, from http://voaspecialenglish.com | http://facebook.com/voalearningenglish
Greece’s debt crisis has shaken investors in the United States and worldwide. They worry that it could spread far beyond Greece. On May sixth, a day after huge protests in Athens, the Greek parliament approved a series of spending cuts. Greece has to cut thirty billion dollars as part of a bailout deal with the European Union and the International Monetary Fund. The deal is for one hundred forty-five billion dollars in loans.The cuts include wage freezes and reductions in retirement pay for government workers. Critics say the austerity plan will hurt the poor especially. But Greek labor costs are high even for Europe. And Greece’s public debt is equal to at least one hundred fifteen percent of its economy. The cuts may be the only hope to avoid declaring bankruptcy.Sebastien Galy is senior currency strategist for the French bank BNP Paribas. He says other European countries delayed rescuing Greece because it was politically unpopular. Now they are paying for it.European countries promised to make eighty billion euros in loans available over the next three years. The International Monetary Fund promised thirty billion. The quality of Greek government debt is now rated at “junk” levels. The high risk has investors demanding higher interest rates, and not only on Greek debt. Portugal and Spain have also had their credit ratings reduced. Both borrowed from credit markets. And both had to pay far higher rates than Germany, the safest investment in the euro area.The euro is eleven years old and used as the currency of sixteen countries. But less trust in the euro has reduced its value to the lowest levels in over a year. Sebastien Galy says growth expectations for the euro area have dropped. This has affected producers of raw materials such as Australia, Brazil and Canada. But he says the falling euro should help ease the crisis. He expects the exchange rate against the dollar to reach one-to-one within a year. That would be good news for European countries with heavy debt loads. He said: “The lower the euro is, the more competitive these economies become and, therefore, the more the fiscal concerns are going to be reduced.”While the euro has fallen, the dollar has gained value. Investors fleeing risk have bought dollars and American debt.And that’s the VOA Special English Economics Report.
(Adapted from a radio program broadcast 07May 2010)
Duration : 0:3:59
Michael Tennenbaum Says U.S. Faces `Wall of Debt’
Feb. 16 (Bloomberg) — Michael Tennenbaum, founder of Tennenbaum Capital Partners LLC, discusses Federal Reserve policy and the outlook for the U.S. economy and the distressed debt market.
Tennenbaum speaks with Deirdre Bolton on Bloomberg Television’s “InsideTrack.” (Source: Bloomberg)
Duration : 0:6:35
Debt-Free Doctors Part of Cuba’s Foreign Policy Strategy
Ray Suarez wraps up his series on Cuba with a look at a “medical diplomacy” program that offers medical school education to low-income students from around the world.
Duration : 0:7:56
$200K Student Loan Debt Website
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Duration : 0:4:25
FunnyMoney, Get It On Credit – Investor Education Fund
The cartoon that teaches you what you need to know about credit cards. A great way to spend 3 minutes being entertained while learning about credit cards, payment terms, compound interest and credit scores.
Investor Education Fund is Canada’s unbiased, non-profit source for information and tools that help consumers make better decisions when investing and managing their money.
http://www.investorED.ca
Duration : 0:3:57
Ashley Reid’s success story, accountant, Canmore, Alberta
Make Your Credit Card Work for You. FCAC updates its credit card publications to help consumers make informed choices.
Duration : 0:4:3
Federal Reserve Debt Monetization Explained.
Http://www.Inflation.us
Please share this video with your loved ones. Sign up for our free newsletter at http://inflation.us to receive more information, articles, videos, and commentary about the U.S. economy.
Super PUMP
http://www.bloomberg.com/news/2010-08-10/fed-to-reinvest-principal-on-mortgage-proceeds-into-long-term-treasuries.html
Bankrupt
http://www.bloomberg.com/news/2010-08-11/u-s-is-bankrupt-and-we-don-t-even-know-commentary-by-laurence-kotlikoff.html
http://www.cnbc.com/id/38654017
July Deficit grows 165 Billion
http://online.wsj.com/article/SB10001424052748704901104575423601722830706.html
Duration : 0:2:57
Illegal Immigrant Denied Student Loan
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Duration : 0:5:30
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