THE WEEK THAT WAS...
School rules are suspended
As Corinthian Colleges and other for-prof it schools collapsed in recent years, the Obama administration overhauled regulations to make it easier to forgive student loans and to prevent future abuses. Now the Trump administration is suspending those rules, which had been set to go into effect July 1. The Department of Education also is launching an effort to rewrite the rules.
Uber chief goes on leave
CEO Travis Kalanick informed Uber employees in a letter that he was going on indef inite leave, citing the recent death of his mother. But the ride-hailing company’s chief also referenced a need to change the company. The letter came as former U.S. Atty. Gen. Eric H. Holder Jr. had wrapped up a probe into allegations of systemic sexual harassment, discrimination and bullying at the f irm.
Prosecutors target assets
Federal prosecutors hope to seize rights to comedy f ilms “Dumb and Dumber To” and “Daddy’s Home,” alleging that they were funded with money embezzled by Malaysian government off icials. In court f ilings, the Justice Department said the movie rights are among nearly $1.7 billion in U.S. assets acquired with money pilfered from the 1 Malaysia Development Berhad fund, or 1MDB.
Arena plans draw heat
Inglewood and the owners of the Forum are clashing over attempts to build an arena for the Los Angeles Clippers. After the City Council unanimously approved an exclusive negotiating agreement to explore building a new basketball arena, an attorney for the Forum, now a concert venue, accused Inglewood of “doing a lot of backroom dealing” and violating the state’s open meetings law.