Tuesday, October 2, 2012

Border Patrol agent shot dead, another wounded in Arizona

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Drudge (talking-points-memo)

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Video: Todd: Debate must fire up Republican troops

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Source: http://video.msnbc.msn.com/nightly-news/49232913/

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Pay For One Course, Get a Bunch with BenchPrep's Low Cost Subscription Model

Ask any college student and they'll tell you a typical textbook costs far more than $30 -- even used. But online learning site BenchPrep recently announced a $30 per month subscription-based service that lets users access a wide variety of courses and content.

[More from Mashable: Unigo Founder Jordan Goldman? Answers Your Questions [LIVE CHAT]]

The subscription unlocks prep courses from the site's library, which you can access on your iPhone, Android, iPad or laptop. So for super ambitious learners, you can pay per month rather than per course and get more value for your dollar (with the exception of some courses, like the BAR and CFA that require payment per course). BenchPrep's library also includes professional certification and civil service preparation courses, which are priced on a per-course basis.

SEE ALSO: 5 Startups Transforming Online Education

[More from Mashable: 7 Essential Apps for Grade School Students]

BenchPrep offers courses for all would-be learners -- from high school freshmen to business professionals, in an interactive online setting. In addition, the site will roll out 30 digital textbooks for high school and college students over the next few months.

BenchPrep cofounder Ujjwal Gupta tells Mashable the site is "focused on making education more convenient and affordable."

The subscription model makes courses such as PSAT, SAT, ACT, GRD, MCAT, LSAT easily accessible (both price and device-wise) for many people. Gupta says they "will probably lose money on content," -- at least for now -- but hopes they will be able to leverage their relationships with educational institutions and publishing houses in the future.

"They (universities) are licensing our platform similar to how they work with other content providers like EBSCO and LexisNexis," Gupta said.

"We want every learner across the world to use our platform and help us improve personalization and make our offering adaptive and more efficient," he said. "This can result in giving back relevant information to institutions and publishing houses to improve their system."

SEE ALSO: 7 Ways to Educate Yourself Outside the Classroom

BenchPrep works with McGraw Hill, Princeton Review, Wiley, Cengage Learning and O?Reilly who create the content for the courses.

Students on BenchPrep average 78 study sessions per month on the site, typically spending an average of nine hours a month engaged in interactive learning, said Gupta. (So if you mirror the statistics, you'll get your money's worth.)

This past July Benchprep raised $6 million in funding from NEA and Revolution ventures. The company plans to use this latest funding to delve into IT and Microsoft; medicine, health and nursing; and, finance and insurance education -- adding 100 new courses to their library.

Before the subscription launch, BenchPrep already counted 300,000 users for just its pay-per-course model. Cofounder and CEO Ashish Rangnekar said by the end of the first quarter in 2013 they aim to have reached one million people.

A number of higher education institutions offer free in-person tutoring, in which case online tutoring would probably not be necessary. But for anyone without access to a tutor, or students who want to supplement their in-person tutoring sessions, BenchPrep seems like a smart option.

Would BenchPrep help you be a better student? Tell us in the comments.

Photo courtesy of iStockphoto, jocic

This story originally published on Mashable here.

Source: http://news.yahoo.com/pay-one-course-bunch-benchpreps-low-cost-subscription-235511871.html

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European markets rise but Spain downgrade looms

(AP) ? European stocks edged higher on Monday as investors cautiously welcomed the result of stress tests of Spain's banks. But the threat that Moody's might downgrade the country's debt rating to junk status limited gains.

The results of an independent audit of 14 Spanish banks were released after the market close on Friday and showed the lenders need an extra ?60 billion ($77.6 billion) in capital. The figure is roughly as expected and well within the ?100 billion in rescue loans that Madrid can get from fellow eurozone countries to help the banks.

Also helping stocks was a slight improvement in a survey of the eurozone's manufacturing sector. The so-called purchasing managers' index for September was revised up slightly from its preliminary estimate released a week ago, but remains at a historically weak level.

By late morning in Europe, Germany's DAX stock index rose 1.3 percent to 7,307.27 and France's CAC-40 was up 1.5 percent to 3,405.43. Britain's FTSE 100 rose 1 percent to 5,800.63 while Spain's Ibex was up 0.6 percent at 7,752.10

Wall Street was expected to open higher ? Dow futures were up 0.6 percent and the wider S&P 500 futures were 0.5 percent higher. Meanwhile, Asian indexes were mixed by the close.

Casting a shadow over markets was a possible downgrade by credit rating agency Moody's of Spain's debt rating to junk status. The agency has the debt on review and is due to release its findings any day this week. Any cut in the rating would make Spain's debt non-investment grade.

That would hurt Spanish markets because many pension funds and banks would have to sell them from their portfolios and desist from buying them at auction. That, in turn, would force Spain to pay higher rates to borrow money, further hurting its finances.

In corporate news, shares in mining company Xstrata Plc rose over 3 percent after it recommended to shareholders the merger with Glencore Plc. The deal would create an industry behemoth with revenues of around $175 billion.

In Asia, markets in China, Hong Kong and South Korea were closed for public holidays. In Tokyo, Japan's benchmark Nikkei 225 index fell after a closely watched survey showed confidence in the economy weakening.

The Bank of Japan's "tankan" confidence index was minus 3, a worsening from the previous quarter's minus 1. The index is a percentage of the companies with a positive outlook versus those who see unfavorable conditions ahead, so a minus number means there are more pessimistic companies than optimistic ones.

The Nikkei 225 index shed 0.8 percent to 8,796.51. Toyota Motor Corp. lost 1.7 percent and Nishimatsu Construction Co. slid 4.2 percent.

Australia's S&P/ASX 200 was marginally higher at 4,388.60, with losses in some sectors offset by solid gains among big banks and resource shares. Trading was light due to a public holiday in parts of the country.

Benchmarks in Thailand, Taiwan and Indonesia fell. India rose.

Benchmark oil for November delivery was down 16 cents to $92.03 per barrel in electronic trading on the New York Mercantile Exchange. The contract rose 34 cents to finish at $92.19 per barrel on the Nymex on Friday.

In currencies, the euro rose to $1.2897 from $1.2855 late Friday in New York. The dollar was flat at 77.99 yen.

___

Pamela Sampson in Bangkok contributed to this report.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/f70471f764144b2fab526d39972d37b3/Article_2012-10-01-World-Markets/id-36209a5c778b41019dfd28dcfb7d70e6

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Monday, October 1, 2012

Order: American Express is responsible for compensating customers ...

By Kent Markus

As a result of today?s order, American Express must repay an estimated $85 million to approximately 250,000 consumers. American Express will return the money directly into the accounts of the affected consumers. If the consumer no longer holds the American Express card, American Express will mail a check or credit any outstanding balance.

  • Customers who were promised $300 for signing up for a Blue Sky Credit Card will get the $300.
  • Consumers who paid an illegal late fee will be reimbursed, with interest.
  • Consumers who paid old debt in response to deceptive promises to report payment to credit bureaus will be reimbursed the money they paid plus interest.
  • Consumers who were promised their debt would be forgiven but were denied new American Express cards because the debt was not really forgiven, will receive $100 and a pre-approved offer for a new card with terms we and the FDIC find acceptable. If the consumer already paid the waived or forgiven amount in order to get a new card, they will be refunded that amount plus interest.

Consumers are not required to take any action to receive their credit or check.

If you are one of the consumers affected by the order, American Express will notify you directly. They are responsible for notifying any affected consumers ? any other entity that offers to help reclaim your money is likely a scam.

Categories: Enforcement | Uncategorized

Source: http://www.consumerfinance.gov/blog/order-american-express-is-responsible-for-compensating-customers-for-illegal-practices/

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Chavez sweats to find old election magic

GUARENAS, Venezuela (Reuters) - Dancing, singing odes to the moon and even jogging gingerly onto stage, Venezuela's cancer-weakened President Hugo Chavez is squeezing out every last ounce of energy to recapture some of his old campaign magic before Sunday's election.

Though a far cry from the inexhaustible showman who swept to power in 1998 and has since won two more presidential elections, Chavez is trying to put the cancer behind him and win another term.

"I've had to confront death to fulfill my commitment to the people who I love more than my own life," the 58-year-old socialist leader told adoring supporters in the working-class town of Guarenas. "I won't let you down."

After undergoing surgery for two cancerous tumors, Chavez has defied predictions by some foes that he might not even make it to election day. In July, he declared himself cured - for the second time - of an undisclosed cancer in the pelvic area and is exuberantly talking up his plans for a new six-year term.

He leads most polls but it looks like a close race and the president has been unable to campaign with the vigor of his younger opponent, Henrique Capriles.

Chavez's events and speeches are much shorter and he has not been crisscrossing the nation as he did in past campaigns and as the 40-year-old Capriles does now.

Instead, Chavez has made quick-fire visits and maximizes his exposure with brief, near-daily TV slots where he showers state spending on factories and new homes.

In Guarenas, he inched through the multitudes on the back of a truck, waving and blowing kisses at the crowd. On stage, he sang traditional songs, including one praising the full moon overhead, lifted children into the air in a show of strength, and gave a pulsating stump speech.

By the end of the hourlong appearance on stage, he was sweating profusely under the spotlights.

Despite such efforts, gone are the whirlwind pace and grueling walking tours that took him through rural backwaters and Caracas slums where he earned the love of millions. He is more bloated than usual - from steroids, according to some opposition media - and often disappears out of sight for a day or two.

Some supporters fear this election campaign might be too much of a strain on Chavez's health. Even if he wins on Sunday, the possibility of a recurrence of cancer will hover over him and keep Venezuelans on edge, stoking a long-running guessing game over possible successors inside his ruling Socialist Party.

"The people believe in their leader, but I'm not sure he'll last another term. We have to be prepared," said Ramon Garcia, a 50-year-old shop owner as he sat helping friends who were manning a Chavez campaign booth in downtown Caracas.

"He's a sick man, I can tell, I can see him slowing down. He's making a brave effort," added Garcia, who said he himself suffers from a pancreatic illness and had not yet decided which way to vote on Sunday.

Chavez's precise condition remains a state secret, although most doctors agree that at least two years must pass before a cancer patient can confidently say he is cured.

"His political agenda comes before his personal agenda," said Sunil Daryanani, a Caracas-based oncologist who has not treated Chavez but like many Venezuelans follows any hints about his health closely. "I doubt he's following medical advice very well. But we don't know what cancer he has. He's very cagey."

SOCIALIST CRUSADE

Capriles, a market-friendly lawyer, is whipping up fervor in this campaign, even mimicking Chavez' old style as he wades through the crowds and knocks on voters' doors. He has drawn the support of a broad coalition of opposition parties and confidently predicts victory.

But Chavez has frustrated Venezuela's opposition time and again - defying huge protests and strikes, and even returning to power after briefly being toppled in a 2002 coup.

His charismatic style, nationalizations in the oil, power and telecommunications industries, and heavy spending on social programs have won him an almost Messianic status in Venezuela's slums, and loyalists are backing him to win again.

"Of course, we are worried about his health," said Juan Gabriel Orozco, who works at a "Socialist Arepa Shop" in Caracas, one of a chain of government subsidized restaurants

"But we know the comandante by heart, and if he says he's healthy enough to run and win, then that's all I need to know."

Chavez barely mentions his cancer any more.

He has been able to make about two dozen visits around Venezuela since the formal campaign began on July 1, far short of the frenetic Capriles' tour of some 300 villages, towns and cities.

Chavez, though, milks every appearance to the maximum.

In the carefully stage-managed show at Guarenas, the ultimate master of ceremonies led the crowd in the national anthem and then roused them with insults hurled at Capriles.

"You loser, you bourgeois," Chavez said, to wild cheers from the crowd. "You will never rule Venezuela!"

(Additional reporting by Girish Gupta and Mario Naranjo in Caracas, Editing by Andrew Cawthorne and Kieran Murray)

Source: http://news.yahoo.com/chavez-sweats-old-election-magic-151837270.html

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