Anonymous Donors Pay Off Millions in Student Debt for 400 Low-Income College Graduates

first_imgCHECK OUT: Landlord Hands Over His Family’s Stimulus Check to His 13 Tenants So They Could Save on Rent“With student loans increasingly becoming a financial burden, SRA is grateful for the opportunity to facilitate relief to our hardworking alumni who have become highly productive members of the workforce nationwide,” said SRA CEO Elizabeth Devaney, who informed the grads of their relieved debts in a Zoom call this week.Kimberly Armstrong, who owed $300,000 in law school debts, is just one of the SRA students who has now been freed from the financial burden thanks to the generous donation. She told KPIX: “It’s a shock; it’s amazing; it’s a relief, though … Literally, it’s a weight lifted.”MORE: Billionaire Who Promised to Pay Off College Debt for Grads is Now Paying Off Their Parents’ School Debt TooDr. Zachary Tabb, who owed $160,000 in medical school debt, agreed with the sentiment.“It’s life changing. I’ve had debt … really my entire adult life. And so it’s just something that—everywhere you go—it follows you,” he told reporters. “It’s really a generational impact. To completely un-burden myself and all of them … has a real multiplicative effect … not only on [my fellow SRA scholars’] lives, but on the contributions they can make to society.”(WATCH the heartwarming coverage below — or our international viewers can watch the video on the CBS News website)Be Sure And Share This Inspiring Story Of Kindness With Your Friends On Social Media…AddThis Sharing ButtonsShare to FacebookFacebookFacebookShare to TwitterTwitterTwitterShare to EmailEmailEmailShare to RedditRedditRedditShare to MoreAddThisMore AddThis Sharing ButtonsShare to FacebookFacebookFacebookShare to TwitterTwitterTwitterShare to EmailEmailEmailShare to RedditRedditRedditShare to MoreAddThisMoreMore than 400 California college graduates were left overwhelmed with joy and surprise earlier this week after they were told that anonymous donors had paid off their student debt.The unidentified benefactors paid off the debt by donating more than $8 million to Students Rising Above (SRA), a San Francisco-based nonprofit organization that helps send low-income, first-generation college students through college and provide them with personal guidance, mentoring, internships, and career guidance.Despite how 100% of SRA students are from low-to-moderate incomes and 62% are living below the federal poverty line, however, the average SRA grad finishes school with $8,000 in debt.last_img read more

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She’s Got Class! Tony Winner Bebe Neuwirth to Return to Broadway’s Chicago as Matron ‘Mama’ Morton

first_img The revival of Chicago currently stars Bianca Marroquin as Roxie Hart, Amra-Faye Wright as Velma Kelly, Ryan Silverman as Billy Flynn, Tony nominee Christopher Fitzgerald as Amos Hart and R. Lowe as Mary Sunshine. Set in the 1920s, Chicago follows Roxie Hart, a housewife and nightclub dancer who murders her on-the-side lover. Desperate to avoid conviction, she hires Billy Flynn, Chicago’s slickest criminal lawyer, much to the dismay of her rival cellmate Velma Kelly. Directed by Walter Bobbie, the Tony-winning revival is now in its 17th year. When you’re good to mama…she’ll come back home! Two-time Tony winner Bebe Neuwirth will return to the Tony-winning revival of Chicago as Matron “Mama” Morton. Beginning on January 14, 2014, Neuwirth will take over the role of the corrupt warden from Roz Ryan, who will return to the hit production for one week, January 6 through 12. The role of Matron “Mama” Morton is currently being played by Carol Woods. View Comments Neuwirth won a 1997 Tony Award for her portrayal of jazz-age killer Velma Kelly and returned ten years later as merry murderess Roxie Hart. She also received a Tony for her performance in 1986’s Sweet Charity. Neuwirth’s other Broadway credits include The Addams Family, Fosse, A Chorus Line, Little Me, Dancin’ and Damn Yankees. Her film and TV credits include her two-time Emmy Award-winning performance as Dr. Lilith Sternin in Cheers and Frasier, Wild Palms, Dash and Lily, Law & Order: Trial by Jury, Bored to Death, Green Card, Summer of Sam, Celebrity, Liberty Heights, Bugsy, Jumanji, The Faculty, Adopt a Sailor, The Paint Job and Fame. Star Filescenter_img Chicago from $49.50 Related Shows Bebe Neuwirthlast_img read more

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Head of Vermont Health Connect scolded for security breach testimony to Legislature

first_imgGovernor Shumlin issued the following statement Monday morning in response to Vermont Health Connect Commissioner Mark Larson’s letter to the House Health Care Committee. Larson had suggested to legislators that the Exchange’s online system was secure, though that turned out to be incorrect. A security breach occurred in October. On November 5, Larson offered the incorrect testimony to legislators. Larson apologized in a letter sent to legislators Sunday. House Speaker Shap Smith also issued a blistering response to Larson’s previous testimony.At a House Health Care Committee meeting November 5, Representative Mary Morrissey, R-Bennington, directly asked Department of Vermont Health Access (DVHA) Commissioner Larson if there had been any security breaches with Vermont Health Connect.Larson told her there hadn’t been, failing to disclose the October 17 incident in which one user was able to access another user’s social security information.Governor Shumlin stated: ‘I take this incident extremely seriously. It is unacceptable to be anything less than fully cooperative and transparent with Vermonters and their elected representatives in the Legislature. I am tremendously disappointed in Commissioner Larson’s lapse of judgment in this matter. The legislators in Montpelier represent the Vermonters we are all elected to serve, and they have a right to have their questions answered fully. That did not happen in this case, and I have made clear to Mark and other members of my administration that it must never happen again.’ Governor Shumlin, left, with Mark Larson in October. vtdigger.org photo‘I know that Mark, as a former legislator and House Health Care Committee chair, values and appreciates the importance of being forthcoming with legislators. I take him at his word that his comments were not meant to deceive. As the Commissioner of the Department of Vermont Health Access, Mark has worked extremely hard over the past months under incredibly difficult circumstances; this incident is not reflective of his many years of admirable public service. I am confident he will take the steps to remedy this situation and work to regain the trust of the legislature.’ ‘I was unaware of Commissioner Larson’s specific testimony in question until Saturday. Regarding the privacy incident itself, my staff briefed me on it shortly after it occurred. I received updates as the incident was investigated, and I was relieved to learn that it was isolated, involved two individuals, and was not caused by any malicious or intentional breach of the site’s security. I learned that the situation was promptly remedied, that the two individuals involved had been contacted, that the incident was reported as required, and that CMS considered it closed.’ “I take the security of Vermonters’ information incredibly seriously. This isolated incident, while of course concerning in its own right, did not at the time, and does not currently, cause me to have broader concerns about the security of Vermont Health Connect.’  This incident was promptly identified and resolved, and I was disappointed to learn that Commissioner Larson did not adequately disclose the circumstances of it when asked about this topic in committee earlier this month.’ “In Vermont, the trust between the different branches of government is stronger than in many states or in Washington. We often point to our tradition of cooperation and sensible discourse as a model for the nation and a mark of pride for Vermonters.’  I sincerely hope this situation will be seen for the mistake it was and will not adversely affect that tradition.”Speaker Smith said: ‘Vermonters have an expectation that those testifying in front of the legislature, particularly public officials, will do so accurately and in a forthright manner.’  Commissioner Larson did not meet those expectations when he testified in the House Health Care Committee on November 5th.’  This failure is particularly troubling coming from a friend, former legislative colleague and Chair of the committee.’ “Incidents such as this erode the public’s confidence in their officials.’  I have spoken with Commissioner Larson and Governor Shumlin and have shared with them my view that this incident is unacceptable.’  I have also expressed my view that a breach such as this will undermine Commissioner Larson’s ability to be an effective representative for the administration in the Legislature.’  It is now incumbent on Commissioner Larson to work to rebuild the trust he once had with his legislative colleagues.’vtdigger.org contributed to this report.last_img read more

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Risk-based capital

first_img ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr by. Anthony DemangoneSure, leadership is about communicating clearly, creating a vision and motivating your colleagues to reach their full potential.But sometimes, it is about recognizing when your credit union or the industry is driving into a buzz-saw.At NAFCU, we think that’s about to happen with NCUA’s Risk-Based Capital proposal.Here’s a link to NCUA’s proposal.Here’s a link to NAFCU’s Risk-Based Capital resource page.NAFCU’s RBC Talking Points – great if you are preparing your own comment letter, or if you want an overview of our concerns.Here are the comment letters already received by NCUA.What’s the big deal? The proposal would revise the risk-weights for many of NCUA’s current asset classifications and require higher minimum levels of capital for many credit unions with concentrations of assets in real estate loans, MBLs or higher levels of delinquent loans. It even would allow NCUA to require a credit union to hold higher levels of risk-based capital based on “supervisory concerns.”If the risk-weights are wrong, which NAFCU believes they are, credit unions will needlessly waste valuable capital. For example, under the proposal, non-delinquent first mortgage real estate loans start at a 50 percent risk-weight for those loans that represent less than 25% of a credit union’s assets, then jumps to 75 percent for those from 25-35% of assets, and finally goes all the way to 100 percent for those that comprise more than 35% of the assets of the credit union’s portfolio. (Compare this to the FDIC, which weights non-delinquent first mortgage real estate loans at 50 percent, regardless of concentration.) continue reading »last_img read more

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Briefs

first_imgBriefs February 1, 2007 Regular News Briefs PBCBA RAISES FUNDS : The Palm Beach County Bar Association recently raised $13,728 for charity during its annual holiday party. More than 100 auction items were donated for the event, from a week’s vacation in a North Carolina cabin to jewelry and professional ballgames. “This is a great way for our members to celebrate the holidays with one another and at the same time give back to the community,” said Manuel Farach, president of the Palm Beach County Bar. “Through our charity auctions, we have raised more than $60,000 in just eight years.” With a portion of the proceeds from this year’s event, the association’s North County Section recently hosted a party for more than 125 abused and neglected children in the guardian ad litem program. In addition, the section will provide five $1,000 college scholarships to students attending the North County campus of Palm Beach Community College this fall. JOHN E. FISHER of Orlando recently climbed to the top of Mt. Kilimanjaro. Fisher is the current president of the Florida Chapter of the American Board of Trial Advocates. He posed for a photo holding a FLABOTA flag on Mt. Kilimanjaro, the same flag he carried with him several years ago when he successfully made it approximately 21,000 feet up Mt. Everest in Nepal. THE CARROLLWOOD COMMUNITY BAR Association recently presented a check for $500 to the Ward’s Gift Fund. Immediate past President Paul Riffel presented the check to Debra Johnson. At its recent annual meeting, the members of the Carrollwood Community Bar Association elected directors for 2007, including Daniel Bubley, Martin Bubley, Gerald T. Buhr, William Coffman, Paul Elliott, Andrew Hayes, Joseph Kalish, James Loper, Randall Reder, Paul Riffel, Daniel Saxe, Claire Saady, and Robert Wise. The directors then elected Loper as president, Saady as vice president, Coffman as secretary, and Wise as treasurer. The association also presented its annual Brian Weakland Award to outgoing President Riffel. For more information about the association, visit www.carrollwoodbar.com.last_img read more

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Here’s a Better Way to Deal With Life’s Risks

first_imgThe world is an uncertain and risky place. The news constantly bombards us with scary situations from school shootings to gruesome murders.Risk is everywhere and associated with everything. For example, the Centers for Disease Control and Prevention a decade ago estimated 234,000 people a year ended up in emergency rooms because of bathroom injuries alone.While this figure is shockingly high, it probably won’t prevent you from using the toilet or washing your hands. And in general, hiding under the bed to avoid risky decisions is not a realistic option for living life.In part, that’s because we’re all risk analysts, continually weighing the costs and benefits of every decision we make. The problem is, most of us aren’t actually that good at it. As an economist, I thought it would be interesting to explore how we weigh risk in our daily lives – and how we might be able to do it more accurately. Read the whole story: TIME More of our Members in the Media >last_img read more

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Malicious Mischief Encountered In White Rock

first_imgBy JIM COBBLEWhite RockAs per property convenants in the La Senda neighborhood (in White Rock), a 10-ft right of way exists between various lots, initially for equestrian use but commonly used now for pedestrian foot traffic. While walking on the seldom-used passage between 121 and 123 La Senda, among high weeds, I got sucker punched Thursday evening. It was unmitigated malicious mischief.Some one had strung a tripwire — a metal wire — 6 inches off the ground between a fence on one side and a juniper tree on the other. I went down hard and cut my hand. I was lucky.Like in Viet Nam in 1967, there could have been punji sticks. But the tripwire was the same. Don’t know if the wire might have taken down a horse. Horses are bigger than I am. I would write this off as a one-of-a-kind delinquency of some sort, but it is possible there may be more than one occurrence of this sort of thing. The neighborhood needs to be alert. Someone could be seriously hurt. Map depicting location of a tripwire placed 6 inches off the ground between a fence and a juniper tree. Courtesy/Jim Cobblelast_img read more

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More Than Footprints: An Archaeological Hike On The Moon At New Mexico Museum Of Space History March 6

first_imgDr. Beth O’LearyNMMSH News:ALAMOGORDO — July 20, 1969, two Apollo 11 astronauts created one of humanity’s most extraordinary archaeological sites –Tranquility Base on the Moon.  Today there are more than 200 metric tons of cultural material on the lunar surface. Join Beth Laura O’Leary, Ph.D., Friday March 6, as she presents “More than Footprints: An Archaeological Hike on the Moon” for the New Mexico Museum of Space History’s free monthly Launch Pad Lecture beginning at 9 a.m. on the first floor.Dr. O’Leary also will take guests on a tour of some of these significant sites and explore how to best preserve our space heritage. The Launch Pad Lecture is free to the public and is held at 9 a.m. on the Museum’s first floor on the first Friday of each month. Coffee and donuts are compliments of the International Space Hall of Fame Foundation. The next Launch Pad Lecture will be Feb. 7, and the subject will be the 90th Anniversary of the discovery of Pluto. A special guest speaker is pending.The New Mexico Museum of Space History, a Smithsonian Affiliate, is a division of the New Mexico Department of Cultural Affairs. For more information, call 575.437.2840 or toll free 1.877.333.6589 or visit the website at www.nmspacemuseum.org. www.facebook.com/NMSpaceMuseum/last_img read more

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Expansion and Acquisitions – highlights of Air Liquide’s fiscal 2011 report

first_imgSubscribe Get instant access to must-read content today!To access hundreds of features, subscribe today! At a time when the world is forced to go digital more than ever before just to stay connected, discover the in-depth content our subscribers receive every month by subscribing to gasworld.Don’t just stay connected, stay at the forefront – join gasworld and become a subscriber to access all of our must-read content online from just $270.last_img

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Reuters: Petrobras could cancel two FPSO orders

first_imgBrazilian oil giant Petrobras is on the verge of cancelling two Floating Production Storage Offloading vessels orders, Reuters has reported.According to the news agency, Alexandre Lindenmeyer, mayor of Rio Grande municipality, where the FPSO units are being built, has said that the reason for the potential scrapping of the orders is the fact that the consortium building the units has asked for more cash.Reportedly, the consortium, formed by Queiroz Galvão and IESA has required an additional 10 percent on top of the originally agreed price, as Petrobras has allegedly asked for several contract modifications for the FPSO P-75 and P-77 units respectively.The Brazilian consortium is responsible for modules and integration with the hulls. The hulls of the two FPSOs were converted from Very Large Crude Carriers.Furthermore, Reuters reports, Lindenmeyer has said that Petrobras and the contractors are set to meet on Wednesday to discuss a possible resolution of the issue.The FPSO units, scheduled for delivery in 2016 and 2017, will have production capacities of 150,000 barrels per day each. The FPSOs are planned to be deployed at the Buzios field in the Cessao Onerosa area, offshore Brazil.Offshore Energy Today Stafflast_img read more

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