In the past, debt collectors could autodial borrowers only on the phone number they provide in their loan agreements. The new rules could allow the companies to repeatedly call any phone number associated with a student loan borrower—including family members’ cell phones or any number once held by the debtor.
People want to believe they have good instincts, but when it comes to hiring, they can’t best a computer. Hiring managers select worse job candidates than the ones recommended by an algorithm, new research from the National Bureau of Economic Research finds.
The $294 billion California Public Employees’ Retirement System is taking aim at older, white men on corporate boards with a proposed policy aimed at adding more women, minorities and gays to key positions at the largest U.S. companies. Raymond, five years older than the bank’s recommended retirement age of 72, exemplifies that group.
The biggest U.S. banks, alarmed by the growing use of data-hungry apps that help consumers track their finances, are offering a technological compromise.
A federal appeals court reversed a dramatic ruling last year that California’s death penalty system is unconstitutional, using decidedly undramatic grounds to do it.
The Golden State is losing its luster to municipal-bond buyers, such as American International Group and Principal Global Investors. Following a five-year run when California bonds outperformed the $3.7 trillion municipal market, investors are starting to retreat: They’re demanding the highest yields in 16 months to own the state’s 10-year securities instead of benchmark debt. The shift is threatening the rally ignited by a wave of good financial news that’s led to eight upgrades to its credit rating since the end of the recession.
If you really want to make a difference, it is not a matter of how much money you give, but how well you give it. Many donors want to make a large impact, yet surprisingly, those who want to truly make a difference may want to focus on a smaller scale. Here are three suggestions for donors who are interested in making a direct impact:
California State Senator Holly Mitchell can be an imposing figure. While most people presume that term evokes physicality, it is Mitchell’s intellect and passion for defending those she believes have little or no voice in the political process that make her such a formidable figure around the Capitol. We talked with her about her effort to turn that passion into policy.
Sacramento City Council has outlawed outdoor cultivation by legal cannabis patients, citing public safety and smell concerns. Now, added to this ban is the classification of cannabis cultivation as wasted water: Patients are no longer allowed to water legal, indoor plants, yet there is no penalty on those growing equally-legal crops hydroponically indoors, like tomatoes or herbs. What legal right does the council have to single out this particular crop when cultivated in accordance with local and state laws?
Give David Hardie credit. The owner of the building and restaurant that was named Enotria for two decades went “all in,” as he says, on trying to make that spot exciting and a draw to diners.