Business / Virginia

Virginia unemployment rate drops to 3.7%

~ Virginia’s unemployment rate ranks 2nd lowest among major U.S. states  ~ – Virginia labor force expands to record high 4,340,369 – – Initial unemployment claims hit 43 year low – RICHMOND – Governor Terry McAuliffe announced Friday, Oct. 20, that Virginia’s seasonally adjusted unemployment rate was down 0.1 percentage point in September to 3.7 percent after … Continue reading

Senator: Education Dept. mishandling Corinthian student debt
Education

Senator: Education Dept. mishandling Corinthian student debt

WASHINGTON (AP) — The Education Department is pursuing debt collection — rather than debt relief — for nearly 80,000 former students of Corinthian Colleges, despite federal and state findings that the now-defunct for-profit chain defrauded students, Sen. Elizabeth Warren said in a blistering critique of the administration’s actions. The Massachusetts Democrat reported the findings of … Continue reading

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Greek premier proclaims end to austerity in policy statement

  ATHENS, Greece (AP) — Greece’s new Prime Minister Alexis Tsipras set his leftist government on a collision course with Greece’s creditors Sunday, proclaiming an end to the era of austerity and “five years of bailout barbarity.” Tsipras presented his government’s policy statement to Greek lawmakers which included, as he had forewarned, all the promises … Continue reading