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The College-Aid Shuffle Wall Street Journal
table border=0 cellpadding=2 cellspacing=7 style=vertical-align:top;trtd width=80 align=center valign=topfont style=font-size:85%;font-family:arial,sans-serif/font/tdtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbr /div style=padding-top:0.8em;img alt= height=1 width=1 //divdiv class=lha href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNESFBPgaPe8gjrnV7SDLdSHldUkLwamp;url=http://online.wsj.com/article/SB10001424052970203735304577166820712708292.htmlbThe College-Aid Shuffle/b/abr /font size=-1bfont color=#6f6f6fWall Street Journal/font/b/fontbr /font size=-1By JESSICA SILVER-GREENBERG It is the height of bfinancial/b-aid season, that time of year when families scramble to grab grants, scholarships and loans to offset the rising cost of a college education. Many will find themselves in a classic quagmire: b/b/fontbr /font size=-1 class=p/fontbr /font class=p size=-1a class=p href=http://news.google.com/news/more?pz=1amp;ned=usamp;ncl=dlTmbzsjwNSbzoMnobrband morenbsp;raquo;/b/nobr/a/font/div/font/td/tr/table

HUFFPOST HILL Gingrich Pinning Hopes On Moon Bounce Huffington Post
table border=0 cellpadding=2 cellspacing=7 style=vertical-align:top;trtd width=80 align=center valign=topfont style=font-size:85%;font-family:arial,sans-serif/font/tdtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbr /div style=padding-top:0.8em;img alt= height=1 width=1 //divdiv class=lha href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNEq_OM4Z3VxKrMLJot3xEfzKJT5sgamp;url=http://www.huffingtonpost.com/2012/01/27/huffpost-hill---gingrich-_n_1237808.htmlbHUFFPOST HILL - Gingrich Pinning Hopes On Moon Bounce/b/abr /font size=-1bfont color=#6f6f6fHuffington Post/font/b/fontbr /font size=-1She downsized her life to fit an income a quarter of its former size, moving in with her boyfriend and selling her bcar/b. quot;All these contracts, all these bfinancial/b commitments you#39;ve made are suddenly really major.quot; And she eventually lowered her sights b/b/fontbr /font size=-1 class=p/fontbr /font class=p size=-1a class=p href=http://news.google.com/news/more?pz=1amp;ned=usamp;ncl=dwcf0Bq1VPGakcMnobrband morenbsp;raquo;/b/nobr/a/font/div/font/td/tr/table

General Assembly briefs: Cigarette-tax plan Richmond Times Dispatch
table border=0 cellpadding=2 cellspacing=7 style=vertical-align:top;trtd width=80 align=center valign=topfont style=font-size:85%;font-family:arial,sans-serif/font/tdtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbr /div style=padding-top:0.8em;img alt= height=1 width=1 //divdiv class=lha href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNGdSFNaQEe0GSAnxgv3tYKTUWILcwamp;url=http://www2.timesdispatch.com/news/virginia-politics/2012/jan/18/tdmain05-assembly-briefs-ar-1619081/bGeneral Assembly briefs: Cigarette-tax plan/b/abr /font size=-1bfont color=#6f6f6fRichmond Times Dispatch/font/b/fontbr /font size=-1Hope#39;s goal is to raise enough money through the tax increases — he estimates $288 million — to halve the bcar/b tax and to bfinance/b tobacco cessation programs. State Sen. Frank W. Wagner, R-bVirginia Beach/b, has introduced a bill to allow write-in votes b/b/fontbr /font size=-1 class=p/fontbr /font class=p size=-1a class=p href=http://news.google.com/news/more?pz=1amp;ned=usamp;ncl=dbbpR_1TRbw0HGMnobrband morenbsp;raquo;/b/nobr/a/font/div/font/td/tr/table

Cladeks guilty verdict sparks relief, regret for victims St. Augustine Record
table border=0 cellpadding=2 cellspacing=7 style=vertical-align:top;trtd width=80 align=center valign=topfont style=font-size:85%;font-family:arial,sans-serif/font/tdtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbr /div style=padding-top:0.8em;img alt= height=1 width=1 //divdiv class=lha href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNGFMOGg6fewksqWpQRU14QqEWQKPwamp;url=http://staugustine.com/news/local-news/2012-01-26/cladeks-guilty-verdict-sparks-relief-regret-victimsbCladek#39;s guilty verdict sparks relief, regret for victims/b/abr /font size=-1bfont color=#6f6f6fSt. Augustine Record/font/b/fontbr /font size=-1A jury in US District Court in Jacksonville on Thursday convicted Cladek, 67, of St. Augustine bBeach/b, on all 14 counts in a Ponzi scheme through which she defrauded investors of as much as $100 million. She is to be sentenced within 90 days./fontbr /font size=-1 class=p/fontbr /font class=p size=-1a class=p href=http://news.google.com/news/more?pz=1amp;ned=usamp;ncl=dordVXLu2duw6MMnobrband morenbsp;raquo;/b/nobr/a/font/div/font/td/tr/table

PARALLEL UNIVERSE: In 2006, Fed Scoffed at Signs of Housing Bubble; In 2012 ... HNN Huntingtonnews.net
table border=0 cellpadding=2 cellspacing=7 style=vertical-align:top;trtd width=80 align=center valign=topfont style=font-size:85%;font-family:arial,sans-serifa href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNECp_WOq_Ae8h9haqH4eX-7Aea0jwamp;url=http://www.huntingtonnews.net/19202img src=//nt0.ggpht.com/news/tbn/FKQipRP6f41a9M/6.jpg alt= border=1 width=80 height=80 /br /font size=-2HNN Huntingtonnews.net/font/a/font/tdtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbr /div style=padding-top:0.8em;img alt= height=1 width=1 //divdiv class=lha href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNECp_WOq_Ae8h9haqH4eX-7Aea0jwamp;url=http://www.huntingtonnews.net/19202bPARALLEL UNIVERSE: In 2006, Fed Scoffed at Signs of Housing Bubble; In 2012 b/b/b/abr /font size=-1bfont color=#6f6f6fHNN Huntingtonnews.net/font/b/fontbr /font size=-1And by the end of the next year, the Fed had started its desperate struggle to prevent the collapse of the bfinancial/b system and to avert the onset of what could have been the nation#39;s first full-fledged depression in about 70 years./fontbr /font size=-1 class=p/fontbr /font class=p size=-1a class=p href=http://news.google.com/news/more?pz=1amp;ned=usamp;ncl=dykJ-pRYAwPlinMnobrb/b/nobr/a/font/div/font/td/tr/table

Chrysler, Fiat Sale Put on Hold!

Chrysler, Fiat Sale Put on Hold!

Chrysler, Fiat Sale Put on Hold!

Richard Mourdock

Chrysler, Fiat Sale Put on Hold!

At the same time Chrysler LLC was supposed to be proceeding with its sale to Fiat SpA on June 5th as approved by the U.S. Bankruptcy Court in New York, objecting creditors will be arguing their case yet again in the U.S. Court of Appeals for the Second Circuit in New York City.

The appeal was expected from the State of Indiana, which holds a miniscule portion of Chrysler debt, less than 1%, in retirement funds, and the outcome will likely be the same — the Chrysler sale will proceed some time next week.

“We are pleased the Court of Appeals has agreed to hear our arguments,” explained State Treasurer Richard Mourdock. “As we have stated from the beginning, Indiana retirees and Indiana taxpayers have suffered losses because of unprecedented and illegal acts of the federal government.”

In the Bankruptcy Court decision of Judge Gonzales, he cited Congressional laws going back to the 19th century and their subsequent revisions, to dismiss dissident bondholders’ claims. Simply put, the Chrysler sale decision revolves around basic and well-known fundamental principles of bankruptcy law.

Under the decision, Fiat will get the assets related to the research, design, manufacturing, production, assembly and distribution of passenger cars, trucks and other vehicles, including prototypes, under brand names that include Chrysler, Jeep and Dodge.

The Chrysler case has moved exactly along the lines that members the U.S. Treasury’s Auto Task Force outlined in a background briefing to media on April 30th when President Obama made the restructuring announcement and Chrysler LLC filed for court protection. Pundits who said it couldn’t be done swiftly have been proven wrong thus far.

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