A enterprise blog offering common US market insights. These schools had been gorging on government cash. Throughout the earlier six years, the assured student loan program had almost doubled to $12.four billion, while defaults had increased by a staggering 338 p.c. The bad debt was closely concentrated in faculties that paid salespeople on commission to sign up as many college students as potential with a purpose to harvest their grants and loans. Since lots of the levels had been basically nugatory, the students had little hope of ever getting out of debt.
Giddens has estimated that $1.6 billion disappeared from buyer accounts when the corporate, which filed for bankruptcy on October 31, 2011, improperly blended shopper funds with its personal cash. Since 2004, World Financial institution estimates point out that a minimum of a dozen bank-supported tasks physically or economically displaced more than 50,000 folks each.
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When Colonel Sanders was seventy five, he lastly sold KFC for $2 million (roughly $15 million right now). Are you able to think about experiencing such a win, after a lifetime of dropping? I’ve met people throughout my career who think they’re over the hill by the time they’re of their thirties! But the Colonel ploughed on within the face of adversity and ended up because the founder and face of a brand we’re nonetheless so conversant in over five a long time later.
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A business blog providing common US market insights. Within the last 10 years, traditional homosexual areas—bars, nightclubs, bathhouses—have begun to vanish, and have been changed by social media. At the very least 70 p.c of gay males now use hookup apps like Grindr and Scruff to meet each other. In 2000, round 20 percent of gay couples met online. By 2010, that was as much as 70 p.c Meanwhile, the share of homosexual couples who met through pals dropped from 30 percent to 12 %.