Come On "Down to Crazy Tex’s for Low Interest Student Loans"

The upcoming Propistion 2 was brought to attention by Coyote Mercury, blogger for inthepink.com. The audience targeted, of course, would be college students, potential college students, and student loan competitors.

This year’s Prop 2 will allow the “Texas Higher Education Coordinating Board to issue bonds providing low-interest, low-fee student loans,” so says the TX Higher Education Coordinating Board’s propaganda sheet. "Prop 2 will not (they swear to God, hope to die, stick a finance charge in their eye) increase taxes since the borrowers will repay their loans, which makes the whole thing self-sustaining." The loans will have a 6% interest rate and a six-month grace period and with “income sensitive” repayment schedules.

"Despite the potential to make college more easily affordable to a larger number of people without impacting taxes, Prop 2 still looks like it’s probably a good idea. After all, credit cards should be reserved for other college essentials. Like beer." The Propistion is obviously a positive idea and should be voted yes on. There could be little downside for potential college students looking for student loans.


http://www.inthepinktexas.com/2007/10/22/come-on-down-to-crazy-tex’s-for-low-interest-student-loans/

"Perry Appointee to UT Regents Linked to Scandals"

Paul Burka for the Texas Monthy published a blog on a scandal down by the Rio Grande invloving Gov. Perrry's appointee, James Dannenbaum, chairman of Houston-based Dannenbaum Engineering Corporation. The argument was made because James Dannenbaum was linked to politcal scandals with Brownsville and El Paso. This summary of the scandal was based on an invesitigation done by reporter Emma Perez-Trevino for the Brownsville Herald.
In the Brownsville case, the Port of Brownsville wanted to work with Mexico to build a bi-national bridge to Matamoros, Mexico. Brown & Root won the contract to work on the bridge and billed the Brownsville Navigation District (BND) $424,505 up through July 1997.
Dannenbaum Engineering Corporation was hired on as one of the companies to work on the project. DEC's original contract was for $2,053,515, but a series of supplemental contracts brought DEC's take to $15.5 million. Of this money, $10,529,058 went to subcontractors in Mexico, $9.2 million of which was paid to just three companies, all of which had ties to a DEC employee.
This was used to help startup businesses, another provided security services, and the last was with a real estate company. BND was required to approve all subcontracts before any work was done, but DEC entered into 16 of 17 subcontracts without requesting that approval.
The agrument cleary states with strong evidence that Dannunbaum Engineering Company was involved in scandalous operations with Mexico and its project with the Brownsville Navigation District.

http://www.texasmonthly.com/blogs/burkablog/2007/10/perry-appointee-to-ut-regents-linked-to.php