NEWS
May 5, 2012
JACKSON, Miss. - The State Department announced major changes Friday to one of its premier cultural-exchange programs following an investigation by the Associated Press that found widespread abuses. The agency issued new rules for the J-1 Summer Work and Travel Program, which brings more than 100,000 foreign college students to the United States each year. The changes are the latest in a series of steps the State Department has taken to fix the program since the 2010 AP investigation.
NEWS
May 4, 2012 | Holbroook Mohr, Associated Press
The State Department has announced it is making major changes to its premier student-exchange program following an investigation by The Associated Press that found widespread abuses. The agency announced new rules Friday for the J-1 Summer Work and Travel Program, which brings more than 100,000 foreign college students to the Unites States each year. The AP investigation found some participants working in strip clubs, not always willingly, while others were put in living and working conditions they compared to indentured servitude.
NEWS
May 4, 2012 | Holbrook Mohr, Associated Press
The State Department announced major changes Friday to one of its premier cultural-exchange programs following an investigation by The Associated Press that found widespread abuses. The agency issued new rules for the J-1 Summer Work and Travel Program, which brings more than 100,000 foreign college students to the United States each year. The changes are the latest in a series of steps the State Department has taken to fix the program since the 2010 AP investigation. The investigation found that some participants were working in strip clubs, not...
BUSINESS
May 2, 2012 | Pallavi Gogoi, AP Business Writer
Visa said Wednesday that its profit for the first three months of the year was up 30 percent from the year before, primarily because credit card use rose in the United States and overseas. The company said Americans rang up 12 percent more on their charge cards for the quarter. Debit card use grew by only 4 percent to $284 million, however, the slowest growth in a year. Banks have eliminated some debit card rewards programs since October, when the government limited the fees banks can charge stores for card transactions.
BUSINESS
May 1, 2012 | Pallavi Gogoi, AP Business Writer
Americans have reached for their credit cards less often this year. That's bad news for Visa and MasterCard, which report their quarterly earnings Wednesday. MasterCard is scheduled to report results before the stock market opens, and Visa plans to release results after the market closes. WHAT TO WATCH FOR: Consumer spending, which accounts for 70 percent of economic growth, rose 2.9 percent from January through March, the fastest pace in more than a year. That would suggest a great start to the year for Visa and MasterCard, which process...
NEWS
May 1, 2012 | Paul Haven, Associated Press
After controlling the comings and goings of its people for five decades, communist Cuba appears on the verge of a momentous decision to lift many travel restrictions. One senior official says a "radical and profound" change is weeks away. The comment by Parliament Chief Ricardo Alarcon has residents, exiles and policymakers abuzz with speculation that the much-hated exit visa could be a thing of the past, even if Raul Castro's government continues to limit the travel of doctors, scientists, military personnel and others in sensitive roles to prevent a brain...