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To get these degrees to get ahead and i think that you have all these questions. I think you have these tricky questions about how much is causal versus correlated. So the degree is that what gives you the advantage or is it the signaling or the selection . And so if you are able to get into a four year college if you were able to complete it, that signal that selects people that you are disciplined enough to sort of plow through this it doesnt necessarily mean that you have learned something. And as i do think that the amount that is being spent is very disproportionate. And there are many cases things go wrong about 40 of the people that start before your colleges do not finish them. Start for bank year start four year colleges do not finish them. They still end up with a lot of student debt and if you start a college and dont finish it you are probably worse off than if you didnt even start because of the enormous student of problem. When i talk about people in their 50s and 60s the
United-statesNew-yorkCaliforniaBangaloreKarnatakaIndiaKenyaWashingtonDistrict-of-columbiaMassachusettsAmericansAmericanForgive me for turning this into a lightning round. But general clark we talked , about systemic financial risk. I wish we had five minutes to devote to this. Were basically out of time, but you talked about a book you wrote that discuss this and maybe you can give us the kind of elevator version of it. Gen. Clark dont wait for the next war. We create an awful lot of debt in the Financial System and we havent addresses the systemic issue. Still hundreds of trillions of dollars of derivatives based on Interest Rate and if you ask the inside banking crowd, when are we going really raise Interest Rates . When are we going to get away from quantitative easing . The answer is never. And its only a matter of time before some smart young Hedge Fund Guy says, you know what . This debt is not sustainable and will spread like wildfire through the Financial Community and well be back in some trouble again. We have to take our Financial Resources and invest in real projects. We need petrochemical
United-statesJapanAlabamaIraqTennesseeIndiaIsraelIranBostonMassachusettsChinaCaliforniaOther candidate enters the president ial race, former governor mike huckabee. He will announce from arkansas. We will have live coverage in about an hour. Later today, precision medicine. That hearing begins at 2 30 p. M. Eastern. We will have that life for you as well on its east end. Later this afternoon Hillary Clinton in las vegas speaking to students at Rancho High School about immigration policy. Remarkable partnerships, iconic women. If she did save the portrait of washington. It who ever could find that where frances was doing, who she was seeing, that was going to sell papers. Howd you do that . She did it. She exerted enormous influence because she would move a mountain to make sure her husband was protected. First ladies is now a book. Based on original interviews from a cspans series, but at the lives and visions and families. President ial historians on the lives of 45 iconic american women. They survived the scrutiny of the white house. They often changed history. First l
ChinaUnited-statesArkansasIraqIndiaWashingtonDistrict-of-columbiaSeattleAmericaChineseAmericanDoris-kearns-goodmanIve asked all of you to join the table instead of two panels because we have a vote that is being called at around 220. So i want to take advantage of going ahead and getting all of your testimony. This hearing is the latest in a series of investigations the committee has conducted on the devastating impact that fraud and scams have on seniors citizens. Over the last two years, weve explored the rise of jamaican lottery scams, tax refund schemes and Social Security and medicare fraud. So today were going to examine a, what is now making a comeback in the scam world, and its called the grandparent or emergency scam. Its quite despicable. It preys on a Senior Citizens willingness to do anything to help a Family Member in trouble. For example, a scammer convinces the victim over the telephone that his or her grandchild, or another relative, is in jail, is in the hospital, or stuck in a foreign country, and needs money to get out of the predicament. Since the beginning of 2012, the federal
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