‘Wasted money’: How career-training companies scoop up federal funds with little oversight
offered a grant to go back to school,” said Dora Bray Magilke, 53, of Branson, Missouri, who was told she qualified for a government grant to attend an online company called MedCerts. Magilke leapt at the chance to move up in the medical field with the full $4,000 tuition for a medical-assistant training program covered. […]
Federal Reserve’s favoured inflation gauge accelerated in January
On Friday, stocks sold-off as the Federal Reserve\’s preferred measure of inflation rose more than expected in January. The personal consumption expenditures (PCE) price index increased 0.6 percent month on month, causing the annual rate to increase to 5.4 percent in January. The core PCE index, which strips out volatile food and energy costs, rose […]
Federal cabinet to forgo salaries, perks as PM Shehbaz announces slew of austerity measures
[ Prime Minister Shehbaz Sharif on Wednesday announced a slew of austerity measures. He said that ministers, state ministers and special advisers to the premier had decided to forego their salaries and perks. He said that all ministers will pay their own utility bills. “All luxury cars being used by cabinet members are being called […]
PM Shehbaz addresses federal cabinet meeting on austerity measures
[ Prime Minister Shehbaz Sharif is currently addressing a federal cabinet meeting regarding the expected austerity measures as a staff-level accord with the International Monetary Fund (IMF) is to be signed this week, which the country desperately needs to stave off default. Addressing the meeting in Islamabad today, Shehbaz said “one or two items” were […]