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Grads neck-deep in debt have options (USA Today) - If your student loans loom large now, just try ignoring them. They'll get much, much bigger. Once your loans go into default, your lender would probably turn your account over to a collection agency.. U.K. Bankruptcies Soar as Loans, Card Debt Top $6,800 a Person (Bloomberg.com) - Dec. 1 (Bloomberg) -- Roland Snooks couldn't resist a good deal on a loan, and for 11 years, banks including Egg Plc and Abbey National Plc were happy to feed his habit.. Why You Should Consolidate Your Student Loans (Pekin Times) - (ARA) - Graduation is just around the corner for thousands of students, and shortly after they walk down the aisle, many in the Class of 2006 will find themselves facing hardships they didn't anticipate when they began the pursuit of their degree.. British personal debt nears `Time Bomb’ levels (The Economic Times) - Jon Menon and Ben Livesey LODON: Roland Snooks couldn’ resist a good deal on a loan, and for 11 years, banks including Egg and Abbey National were happy to feed his habit.. Pennsylvania business news in brief (The Scranton Times-Tribune) - Blair Corp., an online and catalog retailer of clothing and housewares, said it will close its returns center in Erie and consolidate operations at a distribution center near its Warren County headquarters.. Firm likely will consolidate, not reduce debt (Montgomery Advertiser) - Q: My wife and I are expecting our first baby. We have some student loans and credit card debt that take up a chunk of our monthly budget. We are considering contacting a company we have seen on the TV that promises to reduce our debt. Before we do so, is there a catch?. Chavez Set to Win Re-Election, Further Revolution (Update1) (Bloomberg.com) - Dec. 1 (Bloomberg) -- Venezuelan President Hugo Chavez is poised to win re-election Dec. 3, giving him six more years to deepen his ``socialist revolution'' in the world's fifth-largest oil exporting nation.. Journal Register plans to sell 7 newspapers in Mass. (The Providence Journal) - The Journal Register Co. yesterday announced that it was selling its seven Southeastern Massachusetts newspapers to GateHouse Media for $70 million in cash.. PA Governor Rendell Announces More Than $10 Million in Agriculture and Tourism Investments (RedNova) - HARRISBURG, Pa., Dec. 1 /PRNewswire/ -- Pennsylvania Governor Edward G. Rendell today said that new state investments in the commonwealth's two largest industries, agriculture and tourism, will exceed $10 million and will create new opportunities in 25 Pennsylvania counties.. County's farm report: Still Pa. leader (Lancaster Online) - Some poultry farmers took a major income hit in 2005, but county dairymen squeezed out their second straight record-breaking year..