Author Archive
Stories written by Dennis Pots

Poor Student Repayments Imperil Aid For Career Education-Owned Colleges

Colleges under the care of Career Education Corp have campuses where less than 20 percent of student loans from government programs are being repaid. This is according to the data gathered by the US Department of Education in their debate whether to continue granting aid to certain programs. Based on an analysis conducted by California-based [...]

Buy-to-let Mortgages Showing Recovery Signs

According to data released by the Council of Mortgage Lenders, Buy-to-let lending is well on its way to recovery. The percentage of buy-to-let mortgages during the second quarter rose by 13 percent, to 24,900 from last quarter’s 22,000. The figure is also higher by 15 percent compared to last year’s second quarter figure of 21,600. [...]

Hospital MRSA Infection Control Measures Effective, Says Study

According to a Journal of the American Medical Association study released last week, Centers for Disease Control and Prevention researchers found that the cases of MRSA in hospitals have decreased and measures for MRSA infection control are working. Based on MRSA infection rate data in nine US metro areas, studies showed that the incidence rate [...]

Driver Error, Not Defects, Cause Toyota Accidents?

Five months after the investigation regarding safety issues on vehicles made by Toyota Motor Corp. started, US safety authorities have not yet identified additional defects on top of what the car manufacturer has disclosed itself. More than 50 percent of all crashes blamed on the car’s sudden acceleration, the “black boxes” on the vehicles revealed [...]

Disney projects a magical increase in profits this third quarter

Walt Disney Co. has made another enchanted performance in their profit as their profit in the third quarter rose more than the expectations of Wall Street. Recovering sales from their television networks and box office hits brought about their profit growth. The Walt Disney Corporation’s revenues went up by $1.3 billion or 67 cents per [...]

Australian Consumer Sentient On The Rise

The consumer confidence in Australia increased to record heights since January as the central bank maintained the status quo for borrowing costs for the third month due to signs that the nation’s expanding economy is not stoking inflation. The Melbourne Institute and Westpac Banking Corp conducted a survey which saw the consumer sentiment index rising [...]

Feds Step In As US Dollar Loses Against The Yen

The US dollar hovered just above what might become a 15-year low against the Japanese yen on Wednesday amid the Federal Reserve’s announcement of its plans to bolster a dragging economy by reinvesting funds from mortgage bonds nearing maturity in government debt. The US central bank admitted that economic growth has lagged in the recent [...]

Slow US Productivity and China Output Growth Causes Oil To Plummet

Crude oil plummeted for the second day in a row as US productivity fell during the second quarter and China’s industrial output marked the least growth in 11 months, two signs that global economy is struggling to maintain its recovery. Oil slipped 1.5 percent on Tuesday possibly due to the US losing momentum as it [...]

Hope For More Flood Survivors in China Dwindling

On Wednesday, heavy rains lashed a distant region in northwestern China where floods during the weekend left more than 702 people dead and hopes of discovering additional survivors are fading as crews fend off disease outbreaks. Over 1,000 people are still missing as debris, stones and mud still envelop several houses. As the chances of [...]

Flight Attendant’s Dramatic Exit Gets Him Arrested

On Monday afternoon, a flight attendant working for JetBlue in the John F. Kennedy International Airport activated a plane’s emergency slide after he had an altercation with one of the passengers. Before he took off in his car, the flight attendant took several beer cans from the galley and exited using the emergency chute, said [...]

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