Healey: Forgive student debt

Attorney General Maura Healey, along with attorneys general across the country, is asking the federal Department of Education to forgive the student loan debt of students who they say fell victim to unfair and misleading practices by for-profit schools.

"These are situations where students are simply seeking a way to better themselves, and they get lured in by these false promises, and then they're on the hook for $15,000, $20,000," Healey said. "I've heard from so many people who were victimized by these schools."

Healey and the top law enforcement officials for eight other states sent a letter to Secretary of Education Arne Duncan yesterday, saying students at schools operated by Corinthian Colleges, including Everest Institute in Chelsea and Brighton, were taken advantage of and asking that their federal loan debt be wiped out.

"At the end of the day, these students were nothing but a pass-through for these schools to get their hands on federal dollars," Healey said. "The welfare and education of students was not their priority; it never has been."

Corinthian reached an agreement last year with the DOE to sell or shut down its campuses. The AG's office sued Corinthian a year ago, claiming students were misled about the schools' track record, and were pressured into accepting loans. The AG has also targeted three other for-profit schools, and Healey said "there are a number of schools under investigation."

A spokesman for Corinthian said the allegations against it focus on isolated incidents.

"Corinthian continues to dispute the allegations made against it and continues to believe its schools provide significant value for its students," the spokesman said.

The letter also asks the Department of Education to create a framework for students of other schools that have been deemed predatory.

"Through their predatory practices, these unscrupulous for-profit schools have co-opted a public loan program intended to increase access to higher education and left hundreds of thousands of students in financial ruin," the letter says. "Aggressive recruitment is the only thing these for-profit schools do well."

The letter says for-profit schools are responsible for nearly half of all student loan defaults, despite only enrolling 13 percent of all students who borrow.

In December, a group of U.S. senators, including Elizabeth Warren and Ed Markey, sent a similar letter to the DOE.

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Parking fines go up for game days

Beginning Monday on Opening Day, people who park in resident-only spaces in the neighborhoods around Fenway Park during Red Sox games will have to pay more than double the usual fine.

Mayor Martin J. Walsh yesterday signed an ordinance — passed by the City Council Wednesday — that will pilot increasing the fine from $40 to $100 to discourage game attendees who don't live in those neighborhoods from parking in resident-only zones.

"This ordinance is a great step forward for residents of the Fenway, Kenmore Square and Audubon Circle," said City Councilor Josh Zakim, who sponsored the ordinance. "These changes will help restore the parking balance in the neighborhoods around Fenway Park during some of the busiest months of the year."

The increase in fines will take effect two hours before any Major League game at Fenway Park and extend to two hours after the game. Fines also may be hiked during other Fenway Park events on a case-by-case basis.

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Hot Property: Communities the ‘new neighborhoods’

From pet-washing stations and green roofs to bocce courts, yoga studios, fire pits and screening rooms, Boston-area apartment and condo complexes are piling on the amenities.

With studios fetching upward of $2,000 per month and $1 million-plus condos, developers are sweetening the deal — so much so that the complexes are becoming the "new neighborhood," according to Boston Realtor David Bates.

"The new buildings have so many exciting amenities," Bates said. "A lot of them go out of their way to create community, to create that sense of things you get from a neighborhood."

Millennium Partners is exporting its La Vie lifestyle program — exclusive activities and social events for condo residents that have included fireside chats with notable guests and culinary and theatrical events — to its new Millennium Tower project in Boston's Downtown Crossing after success at its nearby Millennium Place.

"It's so hot they copyrighted the whole thing," Bates said. "It really goes over well."

Tenants are looking to connect, whether it's electronically or in person, said Kay Nilakantan, general manager of Van Ness, Samuels & Associates' 172-unit luxury apartment complex in the Fenway neighborhood, where residents will start moving in June 1.

"There seems to be more focus and attention on communal spaces where customers can gather together," Nilakantan said.

But communal spaces these days go far beyond a bland shell of a community room. At the Van Ness, there's a poker area in an alcove and a TV lounge with a billiards table connected to a separate conference room. There's also a rooftop lounge with grills and a fifth-floor green terrace.

"Since we're developing a lot of buildings in one neighborhood, we want each building to have its own personality and be different from each other," said Peter Sougarides, Samuels' executive vice president of development.

The Van Ness' green design and amenities take cues from the Emerald Necklace park system that extends through the Fenway. Thousands of plants will be growing on the "living wall" in the lobby, and the green terrace is almost a half-acre of green space with trees and grass.

Amenities also are geared toward pet owners: a secure "bark park" at Atmark in Cambridge and even an "indoor dog relief area" at 315 on A in Fort Point.

The Merc at Moody & Main, Northland Investment's Waltham apartment complex that started leasing this week, has a dog-bathing room. "We're also arranging for other services we can bring in for pet owners," senior vice president Peter Standish said.

The Merc will include a lounge with a fireplace, a billiards room, a library, a rooftop deck and a club room with a full kitchen that can be used for parties or cooking demonstrations. "One of the important things we like to include is areas where people can gather together and really use that as an extension of their apartment," Standish said.

Developers also up the ante to rival outside fitness centers, with yoga and spinning rooms, and virtual training. "You can have an instructor who's offsite, and they get on the screen and take you through your workout," Bates said. "Some have exercises bikes that connect over the Internet, and you can race your friend in California."

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State to streamline Rx medical marijuana pipeline

Medical marijuana companies yesterday welcomed the news that state health officials plan to streamline the way they issue dispensary licenses to prevent delays in treatment for those who qualify for it.

"Anything that can be done to facilitate getting medication to patients is something I'd support," said Dr. James Kurnick, a cancer researcher and CEO of Mass Medicum Corp., which received a provisional license in November to open a dispensary in Taunton and a cultivation site in Holbrook.

Department of Public Health Commissioner Monica Bharel yesterday said the licensing system has been "a confusing, overly lengthy process that has delayed appropriate patients from getting access" to medically needed marijuana — a sentiment Kurnick shares.

Under the new process, dispensaries will be licensed in a format similar to pharmacies and other health care facilities, Bharel said. The process, which will formally launch May 15, will set high safety and suitability standards for dispensaries to meet, particularly when it comes to security and background checks, she added.

"This change will create a more efficient, market-driven licensure process that allows the commonwealth to maintain the highest standards of both public safety and accessibility," Bharel said in a statement.

Herald wire services contributed to this report.

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Asian shares mixed; Hong Kong, Japan benchmarks surge

TOKYO — Asian shares were mixed Thursday, with gains supported by lower oil prices, firmness in U.S. markets and strong buying in Hong Kong by mainland Chinese investors.

KEEPING SCORE: Japan's Nikkei 225 stock index rose 0.6 percent to 19,909.26, tapping fresh 15-year highs as the Japanese yen softened against the U.S. dollar. Hong Kong's Hang Seng index jumped 3.4 percent to 27,136.37, breaching seven-year highs. South Korea's Kospi fell 0.2 percent to 2,054.49, while Australia's S&P ASX/200 slipped 0.4 percent to 5,938.80. Shares in Southeast Asia were mixed, while China's Shanghai Composite fell 1.2 percent to 3,946.74.

HONG KONG: Hong Kong shares rose after mainland Chinese investors bought heavily, pushing the benchmark up 6.3 percent before it lost some ground on profit-taking. Chinese are shifting investments into Hong Kong, which is seen as a bargain following rallies in mainland Chinese markets that have made shares in Shanghai and Shenzhen relatively expensive.

THE QUOTE: "Money came flooding into Hong Kong's stock market Wednesday, and the market took flight, trading at its highest since 2008 and setting record trading volumes," Stephen Innes, senior trader for OANDA Asia Pacific, said in a commentary.

GLOBAL DEALMAKING: Shares were boosted by news that oil company Royal Dutch Shell had agreed to buy BG Group for $69.7 billion in cash and stock. A revival of major acquisitions has yielded almost $1 trillion in deals this year, according to data provider Dealogic. The premiums typically paid in such transactions tend to raise share prices.

WALL STREET: U.S. shares posted modest gains Wednesday as investors awaited company earnings and puzzled over the likely timing of a future interest rate hike, following the release of minutes from the latest meeting of the Federal Reserve. The Standard & Poor's 500 index rose 5.57 points, or 0.3 percent, at 2,081.90. The Dow Jones industrial average was up 27.09 points at 17,902.51.

ENERGY: Oil fell nearly 7 percent on Wednesday, its biggest drop in two months, after the Energy Department reported oil in storage was about triple what analysts had estimated. Benchmark U.S. crude rose 56 cents to $50.98 in electronic trading on the New York Mercantile Exchange. It lost $3.56 to close at $50.42 a barrel in New York. Brent crude, a benchmark for international oils used by many U.S. refineries, gained 48 cents to $57.17 after falling $3.55 overnight to close at $55.55 in London.

CURRENCIES: The euro was trading at $1.0767 versus $1.07797 on Wednesday. The dollar rose to 120.22 yen from its previous close of 120.15.

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CBS News' Bob Schieffer retiring

"Face the Nation" host Bob Schieffer has announced he is retiring, CBS News confirmed on Wednesday, in a move that will open a seat at one of the longest-running programs on television.

The journalist, who has worked in the industry for more than 50 years — 46 of them with CBS — will say goodbye to the newsroom this summer. He made the announcement in Fort Worth at TCU's Schieffer College of Communication, where he was speaking at its annual Schieffer Symposium.

"Bob's been with CBS since 1969… chief Washington correspondent since 1982 … and host of 'Face the Nation' since 1991. That broadcast is in its 60th year and has never been better or more powerful, ranking consistently No. 1 this season," CBS News president David Rhodes said in a statement. "He's been an inspiration and a mentor to so many colleagues — and frankly, to me. You could see at TCU tonight how that inspiration extends to a wider community of reporters and editors and academics … Not to mention the example he sets as a father and husband with his wife Pat and his whole family here and elsewhere."

But, Rhodes continued, "It's not over yet. Bob will be on the air this Sunday from the Washington bureau. And for a number of Sundays to come. We'll have more to report soon about the plans for this important broadcast and for the Washington bureau as a whole. An important 2016 campaign season is beginning. But this is Bob's night, and I hope we can all celebrate with him the remarkable achievement which is his career here at CBS."

Schieffer, who has interviewed every president since Richard Nixon, has been talking retirement for awhile. In January 2008, he said he would step down after the inauguration of a new president. Last November, he interviewed President Obama.

The announcement will inevitably start a round of jockeying for the anchor chair at "Face the Nation." The show is typically the most watched of TV's Sunday public-affairs programs, but ABC's "This Week" with George Stephanopoulos has made strides over the months in attracting younger viewers while NBC's "Meet the Press" has experienced new momentum since Chuck Todd took over hosting duties for that program last year.

© 2015 Variety Media, LLC, a subsidiary of Penske Business Media; Distributed by Tribune Content Agency, LLC

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Report: New England should do more to nurture manufacturing

BOSTON — New England can reclaim its title as a manufacturing hub by working together to nurture the development of the advanced manufacturing industry.

That's the conclusion of a new report being released Wednesday by the nonpartisan New England Council.

The new advanced manufacturing sector bears little resemblance to the shipyards and textile mills that dotted the region's landscape in the 19th and early 20th centuries.

Instead it requires more technologically savvy workers to produce highly precise, customized components with complex designs — including those needed in the defense, aerospace and biotechnology fields.

The report says the nurturing of the advanced manufacturing sector will also require coordination between government, schools and industries to ensure there are enough skilled workers to fill the needed jobs.

The report says New England's six states should collaborate to support the industry.

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Asian stocks mostly higher, Japan central bank keeps policy

TOKYO — Asian stocks were mostly higher Wednesday after Japan's central bank maintained its expansively easy monetary policy.

KEEPING SCORE: Japan's benchmark Nikkei 225 rose 0.8 percent to 19,810.38 and Australia's S&P/ASX 200 was up 0.3 percent at 5,944.60. Hong Kong's Hang Seng gained 2.4 percent to 25,877.70 after a five-day long weekend. South Korea's Kospi added 0.5 percent to 2,057.70. Markets in Southeast Asia were mixed while benchmarks in Shanghai and India rose.

BANK OF JAPAN: The Bank of Japan maintained its policy of super-easy lending, which had been expected. Japan is trying to escape two decades of economic stagnation and deflation by massively expanding the supply of money in the world's No. 3 economy. Japan's main index had risen in anticipation that accommodative monetary policy would be maintained and held its gains after the decision was announced.

THE QUOTE: The aggressive monetary stimulus program in Japan has "provided a compelling backdrop for strong Japanese stock performance," said analyst Nicholas Teo at CMC Markets in Singapore. "Japanese equities have had a tough twenty years mostly languishing in the backseat," he said. "The Nikkei at around the 20,000 level now, is barely half of where it was in the early 1990s."

WALL STREET: The Dow Jones industrial average lost 5.43 points, or 0.03 percent, to 17,875.42 on Tuesday. The Standard & Poor's 500 fell 4.29 points, or 0.2 percent, to 2,076.33. The Nasdaq composite lost 7.08 points, or 0.1 percent, to 4,910.23.

ENERGY: Benchmark U.S. crude was down $1.06 at $52.92 a barrel in electronic trading on the New York Mercantile Exchange. The contract jumped $1.84, or 3.5 percent, to close at $53.98 a barrel in New York on Tuesday. Brent crude, a benchmark for international oils, was down 83 cents at $58.27 a barrel in London.

CURRENCIES: The dollar fell to 120.10 yen from 120.30 yen Tuesday. The euro rose to $1.0839 from $1.0823.

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Bill would toughen oversight of planned hospital mergers

BOSTON — Attorney General Maura Healey is pushing legislation designed to give her office stronger oversight of hospital mergers.

The bill would toughen the authority of the Health Policy Commission when considering mergers of health care providers.

The bill would allow a report issued by the commission to be considered strong enough evidence that the Healey's office could use it to seek a temporary block of a proposed deal between health care organizations if the deal would force up health care costs.

In February a Suffolk Superior Court judge rejected a deal that would have allowed Partners HealthCare to merge with South Shore Hospital.

After Healey said she would try to block any future merger, Partners abandoned the plan.

The bill is sponsored by House Majority Leader Ron Mariano, a Quincy Democrat.

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Asia stocks gain after Fed official signals slow rate rises

BEIJING — Asian stocks rose Tuesday after Wall Street gained on a jump in crude prices and expectations the Federal Reserve will put off an interest rate hike until late in the year.

KEEPING SCORE: The Shanghai Composite Index rose 1.8 percent to 3,933.49 and Tokyo's Nikkei 225 added 1.3 percent to 19,653.15. Taipei, Singapore, Jakarta and Bangkok also rose. Seoul's Kospi was steady at 2,047.11 while Australia's S&P/ASX 200 climbed 1.1 percent to 5,961.10. Hong Kong was closed for a holiday.

U.S. ECONOMY: U.S. investors were reassured by a comment from William Dudley, president of the Federal Reserve's New York branch, that rate increases will be "shallow." That helped to buoy sentiment that was dented by Friday's weak employment numbers.

ANALYST'S TAKE: Dudley's comment that a negative reaction by stock markets to an interest rate hike would "slow us down" was confirmation the Fed has used monetary policy to create a "wealth effect," said Evan Lucas of IG Markets in a report. "It's a simple idea: make people feel wealthier and they will consume more," Lucas said. "It is why the market is pricing in an October move and why most now believe, as Mr Dudley himself stated, that the rate rise will be shallow."

WALL STREET: A jump in the price of U.S. crude set off a rally in energy stocks. Transocean, an operator of drilling rigs, soared 10 percent. The Standard & Poor's 500 index gained 13.66 points, or 0.7 percent, to close at 2,080.62. The Dow Jones industrial average rose 117.61 points, or 0.7 percent, to 17,880.85, and the Nasdaq composite rose 30.38 points, or 0.6 percent, to 4,917.32.

ENERGY: Benchmark U.S. crude sank 35 cents to $51.79 per barrel in electronic trading on the New York Mercantile Exchange. The contract gained $1 on Monday to close at $52.14. Brent crude, used to price international oils, shed 57 cents to $57.55 per barrel in London after soaring $3.17 on Monday to $58.12.

CURRENCY: The dollar gained to 119.64 yen from Monday's 119.48 yen. The euro edged up to $1.0941 from the previous session's $1.0937.

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