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How the debt ceiling debate affects you Tuesday, July 12, 2011 @ 4:51PMWe are fast approaching an August 2nd deadline where, if Congress doesn't increase the debt ceiling, the United States government will default on its loans -- and financial experts say that would affect us all.
A tale of two Europes Monday, July 11, 2011 @ 8:43PMTHEBES/STUTTGART -- Petzetakis likes to call itself the first Greek multinational. The company began making plastic pipes and hoses in the early 1960s and grew steadily over the next couple of decades, opening a plant in Portugal and pushing into Germany.
Does debt boosts young people's morale? Wednesday, July 6, 2011 @ 6:02PMClaims about the positive effects of debt warrant a closer look Left: A twenty-something faces the horror of her account balance [Photo: RNuwer] [More]
Betting on Bob Sunday, July 3, 2011 @ 12:50AMIN 1997, DAVID BOWIE applied his well-known penchant for experimentation to finance: He offered to sell shares of his albums' future revenues. If you had faith in the enduring popularity of "Ziggy Stardust" and "Space Oddity," you could purchase Bowie Bonds and receive a percentage of the royalties for 10 years. In return, the aging rock star got an immediate ...
Before the wedding, vow not to be a financial mismatch Friday, July 1, 2011 @ 10:09PMCommingled finances, credit scores and automatic payroll deductions. These words don’t describe romance and wedding bells. But young couples counting down the weeks or months before tying the knot will get their marriage off to a good start by focusing on some of the financials — paying down debts, building good credit histories, shifting the wedding date into next year for tax purposes.
"I owe, therefore I am" say many young adults Friday, July 1, 2011 @ 10:44AMResearchers at Ohio State University were perplexed when they came to analyze data from the National Longitudinal Study of Youth, a program that has, since 1979, tracked the experiences and attitudes of young people through biennial interviews.
Debt ceiling debate is rolling back the clock to 2008 Thursday, June 30, 2011 @ 10:37AMEven if there is no Treasury bond default, the debate is already hurting corporate America, threatening to erase the progress of the past two years.
Ben Mangan: Finally, Student Voices Enter the Discussion on Education Debt Wednesday, June 29, 2011 @ 11:03AMThis country stands at a crossroads with regard to the role that higher education plays. Education debt is a growing barrier to future prosperity.
Build an emergency fund even in tough times Wednesday, June 29, 2011 @ 12:32AMCHICAGO -- Standard financial advice says you should squirrel away cash for emergency expenses.
Bill Gates Urges Young Scientists to Consider the "Needs of the Poorest" Sunday, June 26, 2011 @ 6:17PMLINDAU, Germany--Microsoft founder Bill Gates thrilled a crowd of 566 young researchers from 77 countries gathered here June 26 for the opening ceremony of the 61st Meeting of Nobel Laureates, and he wasted no time in telling them what to do. [More]
Democrats call for new spending in debt deal Wednesday, June 22, 2011 @ 5:10PMDemocratic leaders called on Wednesday for additional spending to boost the sluggish U.S. economy, setting up a fresh hurdle for bipartisan efforts in Washington to head off a government debt default this summer.
Earnings Preview: Discover Financial Services Wednesday, June 22, 2011 @ 12:52PMCredit card issuer Discover Financial Services, which also owns Diners Club and its own network for processing debit and credit card payments, reports its fiscal second-quarter results before the stock market opens on Thursday.
Strapped to pay your rent or mortgage? It’s time to consider a roommate Saturday, June 18, 2011 @ 7:40PMAnnamarie Pluhar has lived most of her adult life in shared housing. In these difficult times, it makes sense to get financial relief by sharing your space, says Pluhar, who has 21 years of experience living with people who were strangers when she moved in with them.
College Students Find Debt "Empowering" Friday, June 17, 2011 @ 12:39PMThe New York Times money blog reported yesterday that college students today view student loans and credit card debt as "a positive signal about their potential future earnings" rather than as a burden. As a college sophomore, I don't see why this is a bad thing — I might be living in a cardboard box after I graduate, but at least I'll have high self-esteem .… [ Read more ] [ Subscribe to the ...
College grads: Top 5 financial mistakes – and how to avoid them Wednesday, June 15, 2011 @ 1:46PMExperimenting with money – spending and managing it – is a college freedom that can quickly get out of hand. I should know; I graduated recently and my college financial habits over those four years had me drowning in debt after graduation. With unemployment high and an average debt load of more than $29,000, the Class of 2011 needs to be especially savvy about money as it moves into the working ...
Letting go of the fear of having housemates Monday, June 13, 2011 @ 11:10PMAnnamarie Pluhar has lived most of her adult life in shared housing.
Learn how to share housing Sunday, June 12, 2011 @ 10:14AMAnnamarie Pluhar has lived most of her adult life in shared housing. In these difficult times, it makes sense to get financial relief by sharing your space, says Pluhar, who has 21 years of experience living with people who were strangers when she moved in with them.
Debt and Loving It: Young People in Debt Are More Confident Wednesday, June 8, 2011 @ 5:15PMWho knew that debt could massage your ego? A recent Ohio State study found that the more credit card and college loan debt 18 to 27-year-olds held, the higher their self-esteem and the more they felt they had control over their lives. The biggest boost in confidence benefited those in the bottom 25 percent in total family income. Rachel Dwyer, the lead researcher on the study, says there should ...
Coalition adrift in the fog of confusion Wednesday, June 8, 2011 @ 2:21AMFirst, the good news: the IMF’s endorsement of George Osborne’s economic policy is greatly to the credit of this Government — and incidentally, hugely helpful to anyone who values low interest rates.
7 Bad Excuses For Not Saving For Retirement Wednesday, June 8, 2011 @ 1:00AMUnfortunately, these reasons dont hold up when it comes to putting off retirement savings.
Eye on Target Wednesday, June 8, 2011 @ 12:08AMLet us be clear about the goals of reform. With so much energy being expended on the what, the when and the how of implementing Dodd–Frank, the first risk we run is forgetting the why—the reasons for the act, its primary goals.
Mitt Romney: The canary in the GOP coal mine Tuesday, June 7, 2011 @ 11:00PMThe bales of hay were stacked strategically in the hope that they'd make it into the television screen. The sturdy white barn nearby provided an image worthy of a Christmas card, the symbol of a solid, calm, industrious and confident country. The slogan behind the candidate, "Believe in America," did not invite debate.
Zombie Spending on Things Already Consumed Tuesday, June 7, 2011 @ 9:10PMYesterday, stocks continued to slide. The 10-year note yield fell to exactly 3%. Oil traded at $99. And gold rose another $4. Has the post-crisis bounce finally exhausted itself? It's beginning to look like it. But you wouldn't be surprised if this turned out be just another feint to the downside, would you?
Is Increased Debt Inflating The Self-Esteem Of Recent Grads? Tuesday, June 7, 2011 @ 6:25PMA college student poses with her credit card. NEW YORK -- When Kate Rollins went further into debt in order to postpone the repayment of her existing student loans, she knew she was in trouble.
Bill blocking low-interest school loans revived Tuesday, June 7, 2011 @ 3:13PMRALEIGH, N.C. (AP) — North Carolina Republican lawmakers are organizing a way around one of Gov. Beverly Perdue's vetoes so that nearly two dozen community colleges can refuse low-interest federal student loans.
Staying the course; it’s about trimming costs Monday, June 6, 2011 @ 8:33PMCash for Quebec and a lump of coal for their political rivals are the only new elements Conservatives have dished up in a reprised federal budget that mirrors the one delivered barely two months ago.
E.J. Dionne Jr.: The canary in GOP coal mine Monday, June 6, 2011 @ 7:31PMSTRAT-HAM, N.H. — The bales of hay were stacked strategically in the hope that they’d make it into the television screen. The sturdy white barn nearby provided an image worthy of a Christmas card, the symbol of a solid, calm, industrious and confident country. The slogan behind the candidate, “Believe in America,” did not invite debate.Whatever the punditocracy may have made of Mitt Romney’s ...
Small goodies for families in federal budget Monday, June 6, 2011 @ 3:41PMBUDGET DOCUMENT- CAUTION: LARGE FILE OTTAWA - Canadian families received a sprinkling of goodies in the 2011 federal budget.[...]
E.J. Dionne Jr.: Romney is canary in the GOP coal mine Monday, June 6, 2011 @ 7:47AMSTRATHAM, N.H. — The bales of hay were stacked strategically in the hope that they’d make it into the television screen. The sturdy white barn nearby provided an image worthy of a Christmas card, the symbol of a solid, calm, industrious and confident country. The slogan behind the candidate, “Believe in America,” did not invite debate.
Romney’s flawed view of freedom Monday, June 6, 2011 @ 6:35AMSTRATHAM, N.H. The bales of hay were stacked strategically in the hope that they’d make it into the television screen. The sturdy white barn nearby provided an image worthy of a Christmas card, the symbol of a solid, calm, industrious and confident country. The slogan behind the candidate, “Believe in America,” did not invite debate. Whatever the punditocracy may have made of Mitt Romney’s ...
E.J. Dionne: Romney may be the canary in the Republican coal mine Friday, June 3, 2011 @ 5:54PMSTRATHAM, N.H. — The bales of hay were stacked strategically in the hope that they’d make it into the television screen. The sturdy white barn nearby provided an image worthy of a Christmas card, the symbol of a solid, calm, industrious and confident country. The slogan behind the candidate, “Believe in America,” did not invite debate.Whatever the punditocracy may have made of Mitt Romney’s ...
Uncle Sam needs an entitlement intervention—now Friday, June 3, 2011 @ 5:45AMI am living with an addict and he desperately needs my help. For years, he’s made excuses: First, he said he didn’t have an addiction. Later, he admitted that he might have an addiction but said it was under control. He was wrong.
Banker Derangement Syndrome I: Lawyers Offer to Get Rid of Their Profession to Save the TARP Banks Thursday, June 2, 2011 @ 3:46AMWe've decided to publicize the rapid rise of a dangerous ailment, Banker Derangement Syndrome, which has become so widespread that the media is publicizing examples on virtually a daily basis. Banker Derangement Syndrome occurs when someone who might once have been sensible is acting as a mindless mouthpiecs of particularly rancid banking industry propaganda. Note that financial services ...
Key U.S. rule hitting for-profit schools softened Wednesday, June 1, 2011 @ 11:27PMA rule that threatens to cut off tuition aid to some programs run by for-profit colleges was softened in the final version issued by the U.S. Education Department on Thursday.
A Quick Guide To China's Latest Big Bailout Wednesday, June 1, 2011 @ 2:53PMMost of last week’s newsletter was dedicated to a discussion on Chinese debt, specifically on how we should think about the Chinese debt structure and on when would we know how much debt is too much debt.
Legal action for expat student loan defaulters Tuesday, May 31, 2011 @ 4:00PMAuthorities looking to recover millions of dollars in unpaid student loans will begin legal action against hundreds of NZ expats.
Government writes to student loan defaulters Tuesday, May 31, 2011 @ 2:36PMThe Government is stepping up its efforts to retrieve overdue student debt from graduates living overseas.
No escape for student loan expats Tuesday, May 31, 2011 @ 1:35PMLegal action is about to begin against hundreds of New Zealand expats who have not made any effort to repay millions of dollars in outstanding student loans.From today, authorities will start sending letters to Australia-based...
Legal action against expat student loan defaulters Tuesday, May 31, 2011 @ 12:22PMLegal action is about to begin against hundreds of New Zealand expats who have not made any effort to repay millions of dollars in student loans. read more
Breakup of the Eurozone? by Michael Hudson Tuesday, May 31, 2011 @ 3:54AMIs Iceland's Rejection of Financial Bullying a Model for Greece and Ireland?
Tips help handle student loans Monday, May 30, 2011 @ 4:14PMThis year's college graduates will get a lot of advice in the next few weeks from a parade of commencement speakers. Find your passion. Believe in yourself. Take risks. But here's something graduates probably won't hear from the dignitary at the podium: Pay your student loans.
Web Winners: How to Decide When to Take on Debt Thursday, May 26, 2011 @ 3:51PMRISMedia, May 27 2011—(MCT)—Debt has a bad name, for good reason—too much of it helped sink the economy in the Great Recession. But there’s a good side to debt, too, and here are some sites to explain it. …
College Graduates Should Pay Student Loans to Prevent Headaches Later Wednesday, May 25, 2011 @ 11:32AMThis year's college graduates will get a lot of advice over the next few weeks from a parade of commencement speakers. Find your passion. Believe in yourself. Take risks. But here's something graduates probably won't hear from the dignitary at the podium: Pay your student loans.
Web Wealth: Web Wealth By Reid Kanaley Sunday, May 15, 2011 @ 2:22AMDebt has a bad name, for good reason - too much of it helped sink the economy in the Great Recession. But there's a good side to debt, too, and here are some sites to explain it.
Financial makeover: Seattle woman gets a plan to cut debt, look ahead Sunday, May 15, 2011 @ 12:06AMMegan Hunter doesn't live outlandishly. In fact, she describes her life as quite boring. Nonetheless, in recent years, she'd come to realize that she had a significant problem with debt.
Q+A: Minor parties Budget debate - transcript Saturday, May 14, 2011 @ 11:30PMMinor parties budget debate, hosted by Paul Holmes.
Influential church battles back taxes Saturday, May 14, 2011 @ 11:08PMJames London, president of the Idora Neighborhood Association, stands near the former amusement park in Youngstown.
Social Security payments go digital Saturday, May 14, 2011 @ 11:02PMBaby boomers who sign up now to collect Social Security benefits will never get a check.
Do San Diegans still believe in home ownership? Saturday, May 14, 2011 @ 3:00PMRead the stories of homeowners and prospective homeowners.
Shaky financial past may be hurdle for founder's youth center dream Saturday, May 14, 2011 @ 10:51AMBy Tony Marrero, Times Staff Writer Saturday, May 14, 2011 La’Shawn Rush, 36, envisions a center where middle and high school students can hang out. BROOKSVILLE — For two years, La'Shawn Rush has dreamed about creating a safe place for Hernando County's middle and high school students to hang out and be productive. She envisions hands-on programs in the areas of media, entertainment ...