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Tenn. Board of Regents Committee Recommends Tuition Increases
The Tennessee Board of Regents (TBR) Committee on Finance and Business Operations recommended increases in tuition/maintenance fees for the state's community colleges and some universities.
The TBR system includes six universities, 13 two-year colleges and 27 technology centers, providing programs to more than 200,000 students across the state. It does not govern the University of Tennessee instituions.
A spokesperson for the TBR committee said that the recommended increases "are lower than recent years thanks to improved state funding."
The committee is recommending increases of 3 percent for each of the 13 community colleges across the state and ranging from 1.4 to 6 percent for the six TBR universities. Students at the Tennessee Technology Centers will not see a maintenance fee increase.
The committee will forward the proposed rates to the full Board of Regents, which will vote on the recommendations at its quarterly meeting June 21. The rate recommendations are within the maintenance fee guidance adopted by the Tennessee Higher Education Committee last fall.
If approved by the Board, students at Tennessee State University will see a 1.4 percent maintenance fee/tuition increase, Austin Peay State University – 3 percent, East Tennessee State University – 4.6 percent, Middle Tennessee State University – 5.7 percent, and 6 percent at both Tennessee Tech University and University of Memphis.
When combined with mandatory fees (unique to each campus, including fees for athletics, student activities, etc.) already approved, the proposed price increases would amount to about $102 per year for community college students taking 15 credit hours and range from $72 per year at TSU to $546 at ETSU.
Maintenance fees are the charges based on credit hours for in-state students. For example, a student pays a flat rate for the first 12 hours of class credits and a discounted rate for any additional hours. Out-of-state students are required to pay tuition in addition to maintenance fees. Mandatory fees vary by institution, fund specified programs, and are paid by all students regardless of the number of hours they take.
The increased maintenance fees/tuition are needed to fund the portion of the mandated 1.5 percent salary increase for all state employees that was not funded through state appropriations and inflation cost increases in utilities and insurance. Most institutions also requested additional increases to fund efforts to increase student success.
For example, APSU plans to support a program called Inside Track, which uses data-informed academic coaching to impact student persistence. MTSU will increase tenured and tenure-track faculty to ensure academic program quality. And TTU will implement a Freshman Flight Path Program to increase the retention of first-year students. Community colleges will implement student retention efforts and a state-wide marketing plan to promote the value of Tennessee’s community colleges.
In previous years, state funding for higher education declined by about 30 percent, including a more than 2 percent base operating budget reduction last year.
The Tennessee Board of Regents is among the nation’s largest higher education systems, governing 46 post-secondary educational institutions.Monday, June 10 2013, 12:12 PM EDT
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MUMBAI, India (AP) -- Most major Asian stock markets rose today after U.S. unemployment claims fell to an eight-year low and tensions over the downing of a Malaysia Airlines jet eased.
The generally positive sentiment was fueled by favorable U.S. jobs data indicating that the world's largest economy is continuing to recover. On Thursday, U.S. unemployment claims fell to an eight-year low, declining by 19,000 to 284,000.
Japan reports its inflation rate eased slightly in June as a sales tax stunted demand.
Benchmark U.S. crude oil fell below $102 a barrel.
The dollar inched down against the euro and was unchanged against the yen.
ECONOMY-THE DAY AHEAD
WASHINGTON (AP) -- The economic data and corporate financial results slow today, with just one government report on the schedule. The Commerce Department releases durable goods for June this morning.
Orders for durable goods fell 1 percent in May as demand for military equipment fell sharply. Excluding defense-related goods, orders actually rose, and orders for core capital goods, a category that signals business investment, also increased. Factories reported higher demand in May for steel and other metals, computers, and autos.
WASHINGTON (AP) -- An aviation official says global aviation leaders will meet in Montreal next week to initiate discussions on a plan to address safety and security issues raised by the shoot-down of a Malaysia Airlines jet over eastern Ukraine, as well as two other air crashes.
The official said the International Civil Aviation Organization, a U.N. agency, will host the meeting on Tuesday. Other organizations scheduled to participate include the International Air Transport Association, which represents airlines; the Civil Air Navigation Services Organization; and the Airports Council International.
Another meeting is also planned for February. The official spoke on condition of anonymity because he wasn't authorized to speak about the issue by name.
Besides the Malaysia plane, airliners also have crashed in Taiwan and Mali in bad weather over the past week.
FAST FOOD WORKERS-CONVENTION
CHICAGO (AP) -- Fast food workers from around the country will gather this weekend in Chicago to discuss how to escalate their campaign for higher wages and union representation.
About 1,300 workers are expected at a convention in suburban Chicago Friday and Saturday. They say they can't provide for their family on minimum wage and want paid sick days and other benefits.
Industry officials say a $15-an-hour wage would hurt jobs, and that the solution is more education and job training.
Kendall Fells is an organizing director of the national effort who works for the Service Employees International Union.
He says higher-profile protests are coming that may include civil disobedience. So far, most of the protests have included one-day strikes and a protest outside this year's McDonald's Corp. shareholder meeting.
HONG KONG-SUSPECT MEAT
HONG KONG (AP) -- McDonald's restaurants in Hong Kong have taken chicken nuggets and chicken burgers off the menu after a mainland Chinese supplier was accused of selling expired meat.
The fast food chain said late Thursday that it "suspended relevant food ingredients" at Hong Kong outlets in light of the scandal surrounding Shanghai Husi Food Co.
Chinese authorities detained five Husi employees after a TV station reported last weekend that the company repackaged and sold meat past its use-by date.
McDonald's in Hong Kong said it used chicken from a Husi factory, but it wasn't the Shanghai factory at the center of the initial allegations against the company.
The government of the semiautonomous Chinese territory said that imports of Husi products would be suspended as the investigation continued.
TOKYO (AP) -- Japan reports its inflation rate eased slightly in June as a sales tax stunted demand.
The government reported Friday that the core consumer price index, which does not include prices for fresh foods, rose 3.3 percent in June, down from the 3.4 percent in May.
But factoring out surging energy prices, such as a 10.6 percent rise in gas prices, the increase was 2.3 percent.
Excluding the direct effect of the April 1 increase in the sales tax to 8 percent from 5 percent, the inflation rate was 1.3 percent, the Bank of Japan says.
It has set a 2 percent inflation target, aiming to break Japan out of years of deflation, but forecasts that the rate will remain just above 1 percent for the foreseeable future.
BEIJING (AP) -- A government newspaper says Chinese regulators have concluded Qualcomm Inc., one of the biggest makers of chips used in mobile devices, has a monopoly.
Citing a planning agency official, the China Daily on Friday said the results of an investigation into Qualcomm will be released soon. It cited the official as saying Qualcomm "has a monopoly" but gave no indication what possible penalties or orders to change its business practices the U.S. company might face.
Chinese regulators were investigating whether Qualcomm abused its dominant market position by charging excessive fees for technology.
China's government has complained about the high cost of licenses for foreign technology used by the country's manufacturers of mobile phones, personal computers and other electronics.
BEIJING (AP) -- Baidu Inc., which operates China's most popular search engine, says its quarterly profit rose 34 percent over a year earlier as its mobile business grew.
Baidu said Friday it earned 3.5 billion yuan ($571.1 million) in the three months ended June 30. Revenue rose 58.5 percent to 11.9 billion yuan ($1.9 billion).
Baidu and other Internet companies are building mobile e-commerce and other services as Chinese users shift rapidly to going online using smartphones and tablet computers. Baidu dominates traditional Internet search but is a much smaller presence in mobile.
The contribution of mobile to Baidu's total revenue rose above 30 percent for the first time, chairman Robin Li said in a statement.
Li said, "We had a great quarter as we continued to build very strong mobile momentum."
FOSTER CITY, Calif. (AP) -- Visa says its profit climbed 11 percent in its fiscal third quarter versus a year earlier, aided by solid growth in payments volume, service revenue and transactions.
The results beat or matched Wall Street expectations, but the company reduced its earnings outlook for the year. CEO Charlie Scharf notes issues including a stronger U.S. dollar and slow growth in international transactions.
Visa is the world's largest processor of debit and credit card payments, and its results are closely watched because they can be a window into the buying habits and financial health of consumers.
Visa's transactions grew 6 percent in the April-June quarter, echoing data that show increased spending by consumers in recent months as unemployment declines.
SEATTLE (AP) -- Amazon.com has reported a deeper-than-expected second quarter loss as expenses outpaced a surge in revenue.
Amazon has long focused on spending the money it makes to grow and expand into new areas. In one of its most high-profile moves, Amazon is introducing its own smartphone, the Fire, which starts selling Friday.
The company has been heavily investing in services for its loyalty program, Prime, which costs $99 a year, and includes free two-day shipping on many items. It has added a grocery delivery services and music streaming for Prime Members as well as offering original TV shows and apps. It's also expanded Sunday deliveries and recently began offering a set-top video streaming box.
Amazon doesn't disclose how many Prime members there are but says it added more Prime members in the second quarter than it did in the second quarter last year, despite increasing the cost by $20 earlier this year.
Investors have been accepting of Amazon's thin profit and focus on revenue growth in the past. But shares fell in aftermarket trading.
MIAMI (AP) -- Federal officials have capped the amount of money scofflaws will be forced to pay if they don't buy insurance this year under the new health care law.
The caps are $2,448 per person and $12,240 for a family of five. The amount is equal to the national average annual premium for a bronze-level health plan.
The penalty for the first year starts at $95 per person and can rise to as much as 1 percent of annual income. The latest figure limits what the government can charge people using the personal income computation. The penalty is due when people file their 2014 taxes.
Conservative lawmakers and groups that are critical of the Affordable Care Act encouraged consumers to skip buying insurance, arguing it would be cheaper to pay the $95 penalty, but often failed to mention the 1 percent clause.
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