Disney to ban ads for junk food aimed at kids
June 5th, 2012
02:11 PM ET

Disney to ban ads for junk food aimed at kids

NEW YORK (CNNMoney) - Walt Disney Co. says it will set nutritional standards for the food advertisements on its networks aimed at children.

CEO Robert Iger announced the new policy at an appearance with First Lady Michelle Obama in Washington. The policy will apply to Disney

Channel, Disney XD, Disney Junior, Radio Disney, and Disney-owned online sites oriented to families, effective by 2015.

"Parents tell us they need our support and we're listening," said Iger. "And as it turns out, doing the right thing for kids just happens to be a smart strategy for the Walt Disney Company and for its businesses - opening up new markets for us and building on our relationships with families."

The policy will not apply to ads on adult-targeted Disney networks, such as the various ESPN sports networks or ABC's prime-time programming, which are the major profit driver at the media conglomerate.

Michelle Obama has been leading a national campaign for healthier diets. Her push includes new school lunch guidelines and a physical exercise program called "Let's Move" aimed at reducing childhood obesity.

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White House pushes for more disclosure on student loans
U.S. Secretary of Education Arne Duncan speaks at the press briefing of the White House on April 20.
June 5th, 2012
02:05 PM ET

White House pushes for more disclosure on student loans

NEW YORK (CNNMoney) - The Obama administration announced a push to have colleges make better disclosures to students about the true cost of loans, as well as graduation and loan default rates at each school.

Vice President Joseph Biden, Education Secretary Arne Duncan and Richard Cordray, director of the Consumer Financial Protection Bureau, were set to meet Tuesday with presidents of 10 colleges that have committed to providing more detailed disclosure information to incoming students at the start of next school year.

The Obama administration officials at the meeting will later call on all colleges and universities to make the same disclosures.

The information to be provided by the 10 schools includes how much one year of college will cost, financial aid options to pay this cost, and net costs after grants and scholarships are taken into account.

They will also give students estimated monthly payments for the federal student loans the student would likely owe after graduation; and comparative information about the rates at which students enroll from one year to the next, graduate, and repay their loans without defaulting.

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