Congressman: My Plan Reduces Student Loan Defaults

Dec. 14 (Bloomberg Law) -- Congressman Tom Petri (R-Wis.) says his proposal to have employers deduct student loan payments automatically from paychecks would reduce the number of graduates who default on their loans and rack up large fees to collection agencies. His plan is modeled on one in the UK, Australia and New Zealand. The Harvard Law School graduate, speaking with Bloomberg Law's Spencer Mazyck, says that many law schools today are charging too much, even though many provide scholarships for low-income students.
Never Buy Stock for Takeover Prospect: Chillingworth
56:29 - Rathbones Chief Investment Officer Julian Chillingworth discusses earnings from British Petroleum, outlook for EU economies and his investment strategy. He speaks with Jonathan Ferro on Bloomberg Television’s “On The Move.” (Source: Bloomberg)
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