In a recent town hall event in Milwaukee, President Joe Biden
In new research for the Mercatus Center at George Mason University, we uncover much about one contributing cause: the little-understood relationship between occupational licensing and student loan debt. Reforming licensing laws could diminish the need for more extreme measures that would provide welfare for the wealthy and endanger the foundation of the student loan system.
Workers who hold occupational licenses are about 10 percentage points more likely to have borrowed for their college education than those without licenses. They’re also almost 6 percentage points more likely to have outstanding student loan debt. Among student loan borrowers, the licensed on average borrow about $12,000 (or 38.5 percent) more, and have student loan debt balances about $7,000 (or 42.5 percent) higher than the unlicensed. Most of the difference can be attributed to borrowing for required graduate school programs.
Meghalaya on brink of power crisis
PTI
Shillong |
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Utility NEEPCO says it would regulate supply from March 20 if ₹504.41 crore dues are not cleared
Meghalaya is on the brink of another power crisis, the third in a month, as utility NEEPCO sent a notice to the state government, stating that it would regulate supply from March 20 if ₹504.41 crore dues are not cleared, an official said on Wednesday.
The Union Power Ministry has also expressed concern over the inability of the Meghalaya Power Distribution Corporation Ltd (MePDCL) to clear dues even as a loan of ₹1,345.72 crore has been sanctioned to it for the purpose.
Economic governance Wednesday, 17 March 2021 13:36
(Togo First) - The African Development Bank (AfDB) recently published its 2021 Africa economic outlook report. Titled
“From Debt Resolution to Growth: the Road Ahead for Africa,” the 200-page document dives into the issue of debt and assesses the performances of African economies amid the ongoing pandemic.
Togo, according to the report’s authors, should record a rapid economic recovery. They state that as the pandemic weakens and the economy recovers, the country’s growth was forecast at 4.3% and 5.6% in 2021 and 2022 respectively. This performance should be driven by agriculture, and increasing investments in transport, energy, and industries.
Private Banks Excel In Twin Touchstones: Deposits And Lending Without Mishaps
by S Murlidharan - Mar 17, 2021 05:19 PM INDRANIL MUKHERJEE/AFP/GettyImages
The Modi government has clearly set out a clear road map.
One hopes the two-day strike by employees of public sector banks (PSBs) with dark hints of more to come does not deter the Union government from its determination to privatise PSBs.
To be sure, the government did not entirely cave in to the demands of the agitating farmers by staying firm on not withdrawing the three farm bills but its offer to keep them in suspended animation for 18 months showed signs of cracking up if not of pusillanimity in the government.
March 18, 2021 Lower mid-market-focused private equity firm The Riverside Company has agreed to sell airline and utilities critical infrastructure software provider Arcos to Vista Equity Partners.
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