That Europe will kick the solution of the Greek debt crisis down the road again, with another temporary bailout payment, has no connection whatever to slowing global economies and rising inflation.

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They also assume that the temporary tax provisions (the so-called extenders) and the temporary Medicare physician payment adjustment (the doc fix) expire in a year as the law states.

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But the government definition of default is wrong, argue the for-profit colleges, not least because it counts as defaulters students who have joined a temporary interest-only payment scheme offered by the government to help ease the transition from student to worker.

ECONOMIST: For-profit higher education