Oct 24th, 2014 Posted in Economic | No Comments »
WILLIAMSPORT, Pa. – The Lycoming College chapter of Omicron Delta Epsilon, the honor society for economics students, inducted 15 students during a ceremony on Oct. 2.
Among those inducted were Trang M. Tran, a junior economics major from Vietnam; Phuong Nguyen, a junior business administration and economics major from Vietnam; Trang H. Tran, a junior business administration and economics major from Vietnam; My Nguyen, a junior business administration major from Vietnam; Kali Moeller, a senior international studies and German major from Fredricksburg, Va.; Colton Dershem, a senior business administration major from Lock Haven, Pa.; JohnPaul Keith, a senior economics major from...
Oct 23rd, 2014 Posted in Education Loans | Comments Off
LOS ANGELES (Reuters) – Rising student loan debt may be hampering young peoples ability to buy homes or even move out of their parents basements. But that does not mean student loan borrowers always should be in a hurry to pay off this debt.
In fact, young borrowers could wind up poorer in the long run if they prioritize rapid debt repayment over saving for retirement, financial planners said.
Thats because retirement contributions typically offer tax breaks, company matches and future compounding that are worth far more than the interest saved by accelerated student loan repayment.
People focus on the now and keep putting their retirement savings farther away,...
Oct 23rd, 2014 Posted in Education Loans | Comments Off
Business was disrupted in Nairobi and Mombasa yesterday as university students took to the streets to protest delayed release of loans by the Higher Education Loans Board (Helb).
In Nairobi, University of Nairobi and Technical University students marched from Haile Selassie Avenue through Uhuru Highway to Helb offices at Anniversary Towers.
The students forced their way pushing the Anniversary Towers gates open demanding to speak to Helb Chief executive Officer Charles Ringera. For close to three hours, traffic was paralysed along major roads in the city including Waiyaki Way, Uhuru Highway and University Way.
Oct 22nd, 2014 Posted in Get Home Loans | Comments Off
Review of Infiltrated by Jay W. Richards (McGraw Hill Education, 2013) 299 pages; $25.00.
Six years have passed since the meltdown of markets in 2008. Like many things we all know, the putative reasons for this meltdown have now passed into the national consciousness: greedy bankers, deregulation, and an unregulated market for derivatives, credit default swaps, and other complex financial instruments. Jay Richards#39; Infiltrated, released in the summer of 2013, is a very handy volume to give to people who are open to hearing an alternative explanation of the crisis.
That it needs to be put in the hands of those open to its message must be said. The dramatic dust jacket and the title...
Oct 21st, 2014 Posted in Debt Restructuring | Comments Off
The Abu Dhabi-based contractor Al Jaber Group yesterday confirmed that it had completed a protracted debt restructuring with its lenders after entering into negotiations almost four years ago.
#x201c;The announcement in June was for the beginning of the deal to show that we were about to refinance,#x201d; said Imad Najjar, the corporate communications director for Al Jaber. #x201c;Now the deal has been finalised.#x201d;
Al Jaber, which is involved in some of the capital#x2019;s biggest projects including work at Saadiyat Island and Masdar City, revealed in June that it was in the process of concluding the debt restructuring deal.
The company, which is one of Abu Dhabi#x2019;s...
Oct 21st, 2014 Posted in Education Loans | Comments Off
Veteran personal finance journalist Robert Powell answers your questions for USA WEEKEND.
If a person owes $150,000 for private student loans, is there any way to negotiate a lower amount to pay off the loans? Also, if one lets the loan go into foreclosure, how does this affect his credit and for how long? It seems that people walked away from mortgages with greater losses than this and seem to have been forgiven.
– Tom Bell, Pensacola, Fla.
Bad news first. Only loans you received under the William D. Ford Federal Direct Loan Program are eligible for the Public Service Loan Forgiveness (PSLF) Program. Loans you received under the Federal Family Education...
Oct 21st, 2014 Posted in Get Home Loans | Comments Off
Chinas housing market apparently failed to make a comeback in the golden sale week following the central banks latest credit easing policy. But brokerages and analysts are optimistic that a significant upswing will take place later this year.
From Oct 1-6, a traditionally busy season for the property market, the number of contracts recorded online in Beijing was 510 units, down 38.3 percent from the same period last year, according to Beijings housing authority.
In Guangzhou, recorded contracted sales totaled 401 units, 43.9 percent fewer than a year earlier. And sales in second-tier cities such as Hangzhou in Zhejiang province and Suzhou in Jiangsu province posted even greater...
Oct 20th, 2014 Posted in Economic | Comments Off
Fifty years ago, historians advised politicians and policy-makers. They helped chart the future of nations, by helping leaders learn from past mistakes in history. But then something changed, and we began making decisions based on economic principles rather than historical ones. The results were catastrophic.
Photograph of dust bowl survivors, by Dorothea Lange
According to historians David Armitage and Jo Guldi, authors of a new book called The History Manifesto, historians ceded authority to economists by losing their long view. They stopped studying broad stretches of time, refused to analyze long-term trends over centuries or even millennia. Instead, according to Armitage...