National teachers union sues Education Secretary Betsy DeVos for repeal of student protections

The American Federation of Teachers filed a lawsuit Wednesday against the Education Department and Education Secretary Betsy DeVos for her repeal of Obama-era regulations designed to hold for-profit colleges and universities accountable to their students. The AFT accused DeVos of violating the law to repeal protections for students at for-profit colleges, and it argued that the regulations could save taxpayers over $5 billion on money going toward failing programs, according to the complaint. “The reason that we filed this lawsuit, the reason that the attorneys general throughout the country are doing this, is to…

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China’s tech services are a top investment pick amid decoupling with the US, says CITIC Capital CEO

Consumption, healthcare and technology are three sector picks for investing in China, said CITIC Capital’s top executive on Tuesday. “For us, the top priority … is still on consumption, because it’s still growing at a higher rate than GDP growth,” said Zhang Yichen, chairman and CEO at CITIC Capital, the flagship investment arm of Chinese state-owned conglomerate CITIC Group. China’s GDP growth was 6.1%, down from 6.6% in 2018 as the economy took a hit from its bitter trade war with the U.S. Speaking to CNBC at the World Economic Forum in Davos, Switzerland, Zhang said health care is…

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My daughter died at 13 feeling worthless – social media played its part and now I want answers

Our family’s anguish and our search for answers led us to Molly’s social media accounts (Picture: Ian Russell) Two years ago, my family lost our beloved youngest daughter. In the early hours of Tuesday November 21, 2017, Molly took her own life, just days before her 15th birthday. Adored as a friend, sister, daughter and granddaughter, Molly had showed no obvious signs of mental anguish. Finding her lifeless body on what we thought was just an ordinary weekday morning left us not only confronted by the onslaught of raw grief,…

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Investment in equity mutual funds drops 41% to Rs 75,000 crore in 2019

Investors pumped in nearly Rs 75,000 crore in equity-oriented mutual fund schemes in 2019, a sharp plunge of 41% from the preceding year, mainly hit by extreme market volatility amid slowing economic growth. Experts, however, are of the view that equity schemes will attract investor interest this year as the market is expected to perform well. “While volatility in the market may continue for some more time going forward, we believe investors will want to benefit from this volatility and use it to create and growth their wealth. As we…

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Opinion: Investment Strategy 2.0

Jan 19 (IANS): Recently, market commentator Saurabh Mukherjea pointed out the formalisation in various sectors of the Indian economy leading to the emergence of one or two giants in each industry, thereby creating a market structure where a larger share of the profits sits with fewer firms. The price action India witnessed last year with the BSE Sensex soaring even as BSE Small-Cap index failed to keep up would provide further credence to the theory. The above-mentioned ability of large firms to capture larger profit shares and investment dollars would imply…

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SoftBank offers up to $40b investment for Indonesia’s new capital

Indonesia’s coordinating minister for maritime affairs and investments Luhut Pandjaitan said that Japanese conglomerate SoftBank would likely invest US$30 billion to US$40 billion for the development of Indonesia’s new capital city in East Kalimantan province, the Indonesian part of Borneo island, according to Bloomberg. The statement followed SoftBank CEO Masayoshi Son’s visit in Jakarta last week to meet President Joko Widodo. During the encounter that was also attended by Grab’s CEO and co-founder Anthony Tan, Son expressed his interest to fund “the new Jakarta.” Pandjaitan said the president will announce his…

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