Even by ship. At ourake another look federal freight policy, what advice would you give us to develop projects . Since we have approached planning from a regional in our area wed have to, we look at rail we have the northeast corridor. We have a number of spur lines. Most of them come from one location. We have freight coming in primarily from cecil county, maryland, coming down into delaware, spreading back and forth between states. Our Rail Networks are intertwined with our sister states. A regional approach is one way to look at this. We talk about the northeast corridor. The flexibility of funding is not tied to state lines. There are projects that are good for a number of states that it is hard for everyone to contribute to in one state. One of the things we have seen is, if we could potentially spread the local funding around, some of the projects that are waiting on funding along the northeast corridor technically, they are amtrak projects. Ther states could get projects moving,
So it appears that most of those are ours will be paying their loans so if thats the case why would we, because thats the current default system right now. Why would we want to change it . Im trying to figure this out. I dont have a dog in this fight one where the other. My goal is success not just in the classroom but once they graduate from the classroom and by allowing the income base repayment to be the initial, the automatic prepayment plan it insures that no student would have a loan repayment that would exceed their ability to repay. Therefore reducing the default rate. It simplifies the process. It makes it more userfriendly for the borrower and it insures their ability to repay. This is something we will have to take more to look at. I like income base repayment but should it be the default or should just be one and an arsenal of Different Things . The problem i have with that is sometimes people take the easiest course out which means they lower their payments even though the
Borrowers on average 110 times per month to convince them to seek more deferments and forbearance and actually didnt do much about the degree or the quality and they just convinced students to push their obligations out further. There are other models out there, which involve more of a risk sharing module. Having higher than average default rates and low Graduation Rates, it would share more of a burden of the outstanding loans rather than just hanging if you dont meet a certain threshold you arent eligible for federal aid. So do you think that the current method by which we charge institutions capabilities, giving students a quality degree, if you think its working and what you think about these other models imax remapped i think that some of the other models are promising, as we have the rest. And we would be ready to run compliance and can put that in terms of our operation. Right now we look at default rates, as you know. As to some extent there is a utilization of forbearance that
Accomplished investors in their own right. Plus theres so much to discuss. Tyler, were going to talk to the coopermans and the millers about where they see this market going. The incredible valuations weve been seeing in some Companies Like open table. Speaking of that deal today. Bought by priceline for month than 2. 5 million. It will be interesting to hear about that. And plenty of other occurrences in this space. Of course weve got to talk about oil, about some of these new tech developments and much, much more. Apples not falling far from the tree in those cases. Interesting to hear how they invest alike and how they invest differently. In markets right now lets take you through the three major averages. The dow up 32 points. About. 2 of a percent higher. The nasdaq a relatively small gain of about 12 points at 4309. And the s p 500 moving up today by about five points, a quarter percent at 1935. Joining our closing bell exchange, Kelly Connelly from jhs capital advisers, rich pet
Attended of any subcommittee in the Natural Resources committee that wasnt a loaded partisan title full of loaded partisan content with a loaded partisan agenda. This is an important subject. We can all be interested and gauged and might get something done together that can help the country. We need more hearings like this. And as much as anything, i wanted to be here to express that and thank you for it. With that, ill yield the balance of my time to Ranking Member holt. I thank representative huffman. Let me make two general comments. First, following on the line of our Ranking Members comments. The mentality here in washington is a very pessimistic mentality, and mr. Defazio points up one aspect that have. Here in the richest country in the world, by far, undenially, doesnt act as if we have a future. What invests, one builds infrastructure, one sponsors research. When we believe we have a future. Instead we talk about cut, cut, cut here. It is a fundamental problem. The chairman sa