Trump tweets “money is beginning to pour in” to NATO

U.S. President Donald Trump said on Saturday that NATO alliance allies are already stepping up their contributions to the organisation, two days after the president scolded members for not spending enough on defence.

“Many NATO countries have agreed to step up payments considerably, as they should. Money is beginning to pour in -NATO will be much stronger,” Trump tweeted from Sicily where he is attending a Group of Seven meeting.

[“Source-ndtv”]

Black to white: How money becomes legitimate

Black to white: How money becomes legitimate

Moneycontrol News

Renukamata Credit Society, located in one of the oldest areas of Kalbadevi in Mumbai, has seen more than Rs 2,000-crore worth inflow and outflow of cash.

The small group accepts cash deposits of any amount and transfers it to anyone in any city on the depositor’s instructions. They follow a strict ‘no-question policy’ – which means no questions are raised on the funds, depositor or where the funds go.

According to a report in the Economic Times, there are no clues about the identity of the depositors. The IT wing has passed on the details to the Enforcement Directorate (ED) for further investigation. However, tailing it might prove to be a tough task.

The task of keeping these transactions ‘layered’ lies with intermediaries or handlers on the lookout for people, mostly small labourers or workers, who willingly share their personal details for a meagre Rs 2500-3000.

Some deposit slips have initials and first name of people who deposited the cash. But while there is an upper limit of Rs 9 lakh for deposits, there is no limit on number of transactions by an account holder. So multiple transactions worth Rs 9 lakh are common.

There are also no defaults here – the depositors fill e-KYC (know your customer) and admit to depositing the money.

This is not the only branch of Ahmednagar-headquartered Renukamata Society. The Society has various branches across Maharashtra and also in Chennai and Hyderabad.

Chairman, Prashant Bhalero told ET the credit society is registered under the Multi-State Societies Act, 2002.

He said people who want to avail their services have to first become the Society’s member by submitting photo ID, residential proof, thumb imprint and photograph. They also have to pay entry fee and share subscription amount.

Considering these multi-state co-operatives societies are safe haven for money launderers, there have been suggestions to bring them under the newly-introduced statement of financial transactions that record high-value transactions.

[“Source-ndtv”]

Girl, 13, Begged Father For Money To Treat Cancer. Video Viral After Death

Girl, 13, Begged Father For Money To Treat Cancer. Video Viral After Death

Sai Shri’s parents had been separated for eight years and she had been living with her mother

“Daddy…please do something and save me” – says a 13-year-old girl in an incredibly tragic WhatsApp video to her father, begging him for money for her cancer treatment. Young Sai Shri died on Sunday in Andhra Pradesh’s Vijayawada, but her tearful voice is being heard by thousands through the video that has been widely shared online.

Sai Shri’s parents had been separated for eight years and she had been living with her mother. In the video, she pleads with her father, Shetty Shivakumar, to sell her home – which was in her name – to raise money for her treatment. Her mother had reportedly tried to sell the house but was stopped by her father, who allegedly got help from a politician to try and throw his estranged family out.

Sai was diagnosed with cancer in August, and doctors reportedly told her mother that a bone marrow transplant was the only option.

Speaking in Telugu in the excruciating video, she shows swellings and lesions on her arms and legs and shares that she is in great pain.

“Daddy, you say that you don’t have money. At least we have this house. Please sell this house and pay for my treatment daddy. Or else, they (doctors) say that I won’t survive for long,” she weeps.

“I haven’t gone to school in months. I want to play with my friends…I want to go to school…take my exam…I want to become a doctor…”

Based on a complaint by an activist, the Andhra Pradesh State Human Rights Commission has asked the police to investigate whether Mr Shivakumar, who lives in the same city, was guilty of neglecting his daughter.

Activists allege that Mr Shivakumar refused to spend money for his daughter’s treatment even though he could afford it.

Sai’s mother Sumashri had reportedly spent Rs. 30 lakh but the treatment was not good enough for the type of cancer that she was suffering from.

[“source-ndtv”]

25 colleges that are worth the money

Students react as they prepare to receive their diplomas at commencement at Harvard University.

Students react as they prepare to receive their diplomas at commencement at Harvard University.

Where you go to college isn’t just an investment in the next four years, it’s an investment in the rest of your life.

And although price certainly isn’t the only factor to consider when deciding where to attend, it doesn’t hurt to go to a school that’s a good value.

Payscale’s annual College ROI Report determines the return on investment for schools across the U.S. by subtracting the cost of attendance from graduates’ 20-year pay.

For the report, Payscale draws its data from the approximately 1.3 million college-educated workers who successfully completed PayScale’s Employee Survey over the last 10 years. Read a complete breakdown of the methodology here.

For this list, CNBC included schools based on the cost of out-of-state tuition, where applicable.

Though we can’t guarantee that attending any particular school will result in the same ROI, here are 25 schools that give you a good shot.

Baker Hall stands on the campus of Dartmouth College, the smallest school in the Ivy League, in Hanover, New Hampshire.

Cheryl Senter/Bloomberg | Getty Images
Baker Hall stands on the campus of Dartmouth College, the smallest school in the Ivy League, in Hanover, New Hampshire.

25. Dartmouth College

20 year net ROI: $650,000
Total cost for four years: $257,000
Average loan amount: $23,200

24. Capitol College

20 year net ROI: $653,000
Total cost for four years: $135,000
Average loan amount: $37,000

23. Missouri University of Science and Technology

20 year net ROI: $654,000
Total cost for four years: $147,000
Average loan amount: $27,500

22. University of Pennsylvania

20 year net ROI: $673,000
Total cost for four years: $252,000
Average loan amount: $25,400

21. Rensselaer Polytechnic Institute

20 year net ROI: $676,000
Total cost for four years: $252,000
Average loan amount: $42,800

Carnegie Mellon University

Zolashine | Getty Images
Carnegie Mellon University

20. Carnegie Mellon University

20 year net ROI: $678,000
Total cost for four years: $251,000
Average loan amount: $31,500

19. Maine Maritime Academy

20 year net ROI: $680,000
Total cost for four years: $145,000
Average loan amount: $43,200

18. Harvard University

20 year net ROI: $700,000
Total cost for four years: $244,000
Average loan amount: $20,300

17. Massachusetts Maritime Academy

20 year net ROI: $712,000
Total cost for four years :$244,00
Average loan amount: $32,000

16. Babson College

20 year net ROI: $726,000
Total cost for four years: $246,000
Average loan amount: $30,000

Hatfield Hall and the Flame of the Millennium statue are shown at Rose-Hulman Institute of Technology in Terre Haute, Ind.

Yipdw | Wikimedia Commons
Hatfield Hall and the Flame of the Millennium statue are shown at Rose-Hulman Institute of Technology in Terre Haute, Ind.

15. Rose-Hulman Institute of Technology

20 year net ROI: $738,000
Total cost for four years: $232,000
Average loan amount: $45,500

14. Kettering University

20 year net ROI: $743,000
Total cost for four years: $208,000
Average loan amount: $41,700

13. Georgia Institute of Technology

20 year net ROI: $746,000
Total cost for four years: $174,000
Average loan amount: $31,700

12. Worcester Polytechnic Institute

20 year net ROI: $752,000
Total cost for four years: $235,000
Average loan amount: $43,000

11. Stanford University

20 year net ROI: $761,000
Total cost for four years: $247,000
Average loan amount: $29,100

Students walking to classes at Princeton University, Princeton, NJ

Barry Winiker | Getty Images
Students walking to classes at Princeton University, Princeton, NJ

10. Princeton University

20 year net ROI: $764,000
Total cost for four years: $231,000
Average loan amount: $14,100

9. California State University, Maritime

20 year net ROI: $781,000
Total cost for four years: $133,000
Average loan amount: $30,600

8. Stevens Institute of Technology

20 year net ROI: $800,000
Total cost for four years: $244,000
Average loan amount: $45,800

7. Colorado School of Mines

20 year net ROI: $818,000
Total cost for four years: $188,000
Average loan amount: $33,400

6. Webb Institute

20 year net ROI: $854,000
Total cost for four years: $209,000
Average loan amount: $25,200

The SUNY system administration building

demerzel21 | Getty Images
The SUNY system administration building

5. SUNY, Maritime College

20 year net ROI: $857,000
Total cost for four years: $130,000
Average loan amount: $32,000

4. California Institute of Technology

20 year net ROI: $864,000
Total cost for four years: $240,000
Average loan amount: $19,000

3. Massachusetts Institute of Technology

20 year net ROI: $959,000
Total cost for four years: $240,000
Average loan amount: $32,200

2. Harvey Mudd College

20 year net ROI: $962,000
Total cost for four years: $260,000
Average loan amount: $24,400

1. United States Merchant Marine Academy

20 year net ROI: $1,056,000
Total cost for four years: $33,100
Average loan amount: $12,300

Don’t miss: 28 in-demand jobs that pay over $90,000

[“Source-cnbc”]