Friday, September 16, 2011

'Schools admitting poor students unsure of being reimbursed'

New Delhi, Sep 15

Private schools are admitting 25 percent children from disadvantaged sections of the society under the Right to Education (RTE) Act but are apprehensive about receiving reimbursement from the government, a study says.

The study was conducted in north and northeast Delhi by the Centre for Civil Society, a voluntary organisation.

Forty-seven percent poor parents pay for getting their wards admitted in high-budget schools, the study stated.

"Media emphasis is only on high-budget schools -- whether they flout rules in admitting children from economically weaker sections of the society. The media should also focus on why mid-budget schools are not admitting these children," said Sanskriti School's founder principal Gowri Ishwaran.

The study was presented Wednesday at the dialogue - "25% Reservation under the RTE Act: Are we getting it right?"

The dialogue focused on improving the education system in India and on better implementation of the act.

"The act is not a freebie for children from downtrodden sections of the society but it is an act to bring diversity in the class rooms," said Kiran Bhatty, the head of Right To Education division at the National Commission for Protection of Child Rights.

Source: http://www.prokerala.com/news/articles/a247203.html

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Thursday, September 15, 2011

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Source: http://www.articleloans.com/2011/09/13/same-day-unsecured-loans-enjoy-this-short-term-financial-aid/

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Takeaways from Badger Capital, LLC v ... - Legal News Directory

- Posted by John Lande The Eighth Circuit recently clarified the duty banks owe to investors to disclose information regarding a bank's involvement in an investment offering. In Badger Capital, LLC v. Chambers Bank of North Arkansas an investment company sent an offer to potential investors to purchase shares in a real estate development in Florida. The project was to be funded in part by a loan from the Chambers bank, and in part by shares sold to investors. The investment letter provided that Chambers would hold investor funds in escrow until the sale on the real estate closed. Aside from this letter, however, the investors had no further contact with Chambers. The real estate market subsequently turned sour, and Chambers ultimately had to foreclose on the property in Florida. The investors then sued Chambers and asserted that Chambers had a duty to disclose that: 1) not all of the investment shares had been sold before closing; 2) the investment company had obtained a loan from a separate bank in order to pay the closing fees on the real estate deal; and 3) one of Chambers' employees secured an equity interest in the property without making any cash investment, although he did provide a personal guarantee on the loan from Chambers. The Eighth Circuit, looking to Arkansas law, determined that Chambers did not have a duty to disclose any information to the investors. Under state law, a bank has a duty to disclose only where "special circumstances" exist. Those circumstances did not exist in this case because "there was 'no evidence' indicating that the Bank [Chambers] entered into an oral or written escrow agreement, or had ever seen the [the investment letter] or subscription agreement prior to closing the loan with the [investment company]." The investors never entered into an oral or written agreement with Chambers providing that Chambers would serve as the escrow agent. Thus, Chambers did not owe a special duty to the investors, nor did the investors create duty for Chambers when they sent checks to Chambers. The court explained that merely sending checks is not enough. The investors had to condition the deposit of their checks on Chambers acting as an escrow agent, which they did not. As a result, Chambers was not an escrow agent, and there was no special duty to disclose any information.

Read more detail on Recent Banking and Finance Law Posts ?

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Source: http://law.hukuki.net/takeaways-from-badger-capital-llc-v-chambers-bank-of-north-arkansas.htm

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Wednesday, September 14, 2011

The Collegian ? Ready to Rodeo

Fresno State?s rodeo club is grabbing the bull by the horns to get support for the cowboys and cowgirls this semester so they can still participate in these hard financial times.

This year the rodeo club has a full men?s and women?s team, but not a lot of money. Sunday, Sept. 18, has been set for the clubs first fundraiser barrel race. It is open to all barrel racers for entries of $35, and people who would like to donate to the club. Sign ups are at 8 a.m., and the race will start at 11 a.m. at Fresno?s outdoor rodeo arena.

?Last year we had no extra fundraising, so this year we needed an early start,? Chelse Roberts, a junior majoring in plant science with an emphasis in crop production said. ?We haven?t set a goal yet, but we want to get travel and entries paid for,? Roberts added.
?If we had more support, it would be better,? Kelsey Hayden a senior majoring in animal science said.

Although it is considered a team in the National Intercollegiate Rodeo Association, the rodeo club does not meet the NCAA standards, and therefore does not receive funding from the college like the equestrian team.

The cost of participating in the rodeos can be high. First, students wanting to compete in the rodeos must pay an annual $250 membership fee to the National Intercollegiate Rodeo Association. Then at each rodeo it costs $65 for the first event and $35 for every additional event. There is also the cost of gas to get to the rodeos and hotel rooms. The two fall rodeos are held up north in Quincy and Susanville, Calif.

Roberts also keeps her 7-year-old horse Romeo at Fresno State?s rodeo grounds.

?It?s $80 per horse per month,? Roberts said.

That money goes to feed the cattle the students get to practice with. Roberts still has to provide her own feed for Romeo, as well as clean his stall every day.

To help offset some of these costs, the rodeo club will hold events this semester for fundraising.

?With having the bigger team, we will be holding barrel races and team roping,? Roberts said. The date and time have been set for the first barrel race. ?We just have to figure out parking now,? Roberts said.

?Every year the rodeo club puts on a fundraising banquet, but it only goes to the rodeo Fresno State hosts,? Hayden said.

This banquet in the past has included the local band Cadillac Cowboys and silent auctions. While the banquet does cover the costs to host a rodeo that includes the six other college rodeo teams in the western region, not much is left over for entry costs and travel.

Insurance policies for the rodeo club also differ from the equestrian team.

?The rodeo club?s insurance doesn?t require them to wear helmets, but the Equestrian team?s does,? Equine Science major Lindsey Burham said.

On the other hand, the rodeo club cannot have rough stock practices at the college?s arena because of insurance and ?the rodeo club pays more for insurance,? Burham said. Rough stock events include saddle bronc riding, bull riding and bareback riding.

?It?s nice to have horses on campus. It saves a lot of time being able to ride whenever I want to, plus the facility is nice? Roberts said. Fresno State?s rodeo grounds include an outdoor arena equipped with lights, an indoor arena and automatic water tanks for the horses in the stalls.

?It?s fun, and we want to encourage more people to join the club,? Roberts said. ?You get units, get to meet new people, and get to hang out at rodeos.?

Source: http://collegian.csufresno.edu/2011/09/14/ready-to-rodeo/

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101-year-old Detroit woman evicted in foreclosure (AP)

DETROIT ? A 101-year-old woman was evicted from the southwest Detroit home where she lived for nearly six decades after her 65-year-old son failed to pay the mortgage.

Texana Hollis was evicted Monday and her belongings were placed outside the home. Her son, Warren Hollis, said he didn't pay the bill for several years and disregarded eviction notices.

"I kept it from her because I didn't want to worry her," Warren Hollis told WXYZ-TV for a report that aired Monday night. "I was just so sure it wasn't going to happen."

Wayne County Chief Deputy Treasurer David Szymanski told The Associated Press on Tuesday that the Hollises took out an adjustable-rate mortgage in 2002. A default and foreclosure notice was filed in November.

"They ended up owing $80,000 on the home," Szymanski said. "Warren indicates he did not make the payments. He got the notices, but threw them away."

County records show that property taxes were paid on the home through summer 2010. A winter tax bill of $55.95, including interest and fees, was unpaid, and a $778.44 summer tax bill was due this month.

A neighbor was letting Texana and Warren Hollis live in a rental house across the street from the home they shared, and Texana Hollis' belongings were being moved there. Others, including a nonprofit organization, were working to get her back into her home.

On Monday night, she was taken to a hospital for evaluation after she became disoriented.

Szymanski said county officials were asking questions and looking into what they can do to help. He said the county has worked with 10,000 taxpayers to keep them from going into foreclosure.

"The teachable moment here is for people not to stick their head in the sand," he said.

Source: http://us.rd.yahoo.com/dailynews/rss/topstories/*http%3A//news.yahoo.com/s/ap/20110913/ap_on_re_us/us_elderly_woman_evicted

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Monday, September 12, 2011

Q&A: home-based business grant and free business website?

  • Home Insulation grants still available in Toronto, ON? pell grants for moms

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  • Q&A: Will I get more grant money if I select "on campus housing" on my FAFSA? federal student aid pin

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  • Q&A: Finacial Aid? scholarships in georgia

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    HEALTH AND FITNESS ARTICLES DIRECOTRY ? Blog Archive ...

    The 12-Step Plan is popular since of its original use by the Alcoholics Anonymous organization as well as for its use in substance therapy. Nonetheless, the subsequent five points may possibly be less well-known about the 12-Step Plan.

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    Source: http://healthandfitnessarticlesdirecotry.info/2011/09/the-12-step-system-5-items-you-never-ever-understood/

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