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Stocks fall on company earnings, overseas trouble
Small investors fight urge to sell as stocks drop
Stocks trim big losses; January bad 2014 omen?
Stocks slide on company earnings, overseas trouble
Second, even if the loans werent backstopped by the feds, the debts are virtually impossible to elude in bankruptcy court , which means theyll probably liquidate over time. Clearly, lots of good things come to those who invest in student-loan securitizations , but whats in it for the borrowers? Sure, interest rates on government-guaranteed education loans are lower than for other forms of uncollateralized debt, but what if a borrower requires assistance on a loan thats been securitized? One of the most common complaints I hear from students goes something like this: I took out a government-backed loan [FFEL or Direct], ran into trouble, contacted my loan servicer and got a six-month forbearance. What they didnt tell me was that the interest rate clock would keep on ticking or that I was eligible for one of the government-relief programs that would have been better for me in the long run. The students are referring to the U.S. Department of Educations Pay As You Earn and Income-Based Repayment plans, and Public Service Loan Forgiveness program. Students urged to submit loan and allowance applications
From here it seems less a problem that people are borrowing to attend college and grad school than the fact that they graduate (if they do) with skills insufficient to make a decent living. Oh, and to service their student debt. The prime example in the smart Businessweek article is a young woman who racked up $170,000 in student loans to become a parole officer. The ROIC seems lacking there, eh? Even if she hadnt borrowed to attend school, the education she got, relative to the job she attained, seems pretty pricey.
Neither can those with an account that is more than 90 days delinquent. In 2011, the Department of Education added additional criteria no loans charged off or sent to collections. The adjustments meant thousands of PLUS loan borrowers were denied, despite being approved the prior year, Rachel Fishman, a policy analyst for the New America Foundation, notes in a January 2014 report. "It left students scrambling in the middle of their academic careers, trying to find the funds to remain in school," Fishman said during a Jan. 8 panel on PLUS loans held at the Washington, D.C., foundation. "That never should have happened." But the department may not have the authority to make changes to the regulations governing PLUS loans, says financial aid expert Mark Kantrowitz, publisher of Edvisors.com. Gillibrand challenges Obama to ease student loan debt
Mr Borrows says StudyLink has worked hard to make sure students are aware of the consequences of leaving things to the last minute. "StudyLink advised students to apply by 16 December. It sent 570,000 emails as well as text messages, material on campus, used Twitter and Facebook, and got help from education providers and student associations to get the message out there," says Mr Borrows. "Over 90,000 students responded to that message, a 46 per cent increase on the same time last year, which is great news. These applications will be given priority." "But as at mid-January theres more than 60,000 students yet to apply.
Student Loans: Senator Says Debt Is Crippling Young People
Photo: AP Photo/Charles Dharapak Sen. Kirsten Gillibrand on Sunday challenged President Obama to back her plan to ease student loan debt in his State of the Union Address. All of us here are urging the president to make a commitment to help tackle the mountain of student debt that is crippling the lives of so many of our young people, said Gillibrand (D-NY). Flanked by education advocates at her New York City office, Gillibrand touted her bill, which would allow students to refinance federal college loans at lower interest rates. Refinancing of federal student loans is currently prohibited. Student Debt: Bad Loans Or Bad Education?
10.) Prohibit the transfer of chronically delinquent or defaulted loans to affiliated collections companies, or to entities with which the servicers enjoy an economic relationship (such as in the form of referral commissions). That way, no one company may doubly benefit from the servicing of any one loan. Clearly, these actions will amount to an expansion of the governments role in this regard. After all, were talking about $400 billion to $500 billion that could make its way to the Department of Educations balance sheet (approximately $150 billion of private student loan debt plus a portion of the approximately $300 billion of privately-owned, government-guaranteed FFEL loans that have not already been restructured). But that doesnt mean the taxpayers should be left holding the bag. 10 Ways to Fix Student Loans in 2014
According to Gillibrand, passing this legislation is not only the right thing to do, but will give the economy a boost by affording those paying on student loans more disposable income. At the time of this writing, the Federal Student Loan Refinancing Act has been read twice qualifications for student loan forgiveness and referred to the Senate Health, Education, Labor and Pensions Committee, chaired by Sen. Tom Harkin (D-IA). Sen. Lamar Alexander (R-TN) is the ranking Republican on the committee, which consists of 11 Democrats, 10 Republicans and one Independent. The bill has not yet been brought to the Senate floor for a vote.
Nowotnys Crystal Ball Fuels Euro Bids The EURs better bid witnessed this morning has more to do with the European Central Bank governing council member Ewald Nowotnys optimistic take on the economy rather than the Eurozones November Industrial Production (IP) headline, which rose at the fastest pace in three and a half years (+1.8% month-over-month and +3% year-over-year). On the release, investors were quicker to book profits, and with the retracement going nowhere; the speculators have taken their hands off the sell the EUR button for now. Headline releases like this should be capable of removing some of the doubt about the regions economic sustainability. Of late, strong hard data has been tough to come by for the embattled region. Despite business surveys being positive through to December 2013, hard data like IP and retail sales were weak in October.
Forex: Confidence In The Dollar Wavering
Probes into possible manipulation in the $5.3 trillion-a-day global currency market started in the fall last year, international etf bews letter just as the banking sector was facing major fines for rigging the Libor and Euribor interest rates and mis-selling mortgage-backed securities. J.P. Morgan agreed in November to pay $13 billion to settle charges that the bank routinely overstating the quality of mortgage it was selling to investors, while Deutsche Bank was fined725 million in December by the European Commission for trader rigging of the Euribor and the Yen Libor, the biggest single penalty related to those cases. Also on Wednesday, Bloomberg reported that a number of former employees at Barclays suspected of involvement in the Libor case have been ordered to come in for questioning by the U.K. Forex Day Trading with $1000 (or less)
With no spread, I can actively trade price waves which are usually about 8 to 15 pips from start to finish. I set a profit target of 6 to 9 pips (potential more on certain trades), and a stop loss of 3.5 pips (maximum, but can be reduced once the price moves in my favor) and am able to trade those price waves you see on the 1-minute chart during the London or early US session. If paying a 1 or 2 pip spread, this is virtually impossible, because just by getting in and out half the price move is eaten up. I believe in never risking more than 1% of capital on a single trade , which means if I trade off a 15-minute chart I may only get a couple trades in each day, and I need to spend most of my day watching to make 4% maximum (if I win two trades with a 2:1 risk-to-reward ratio). FOREX-Aussie dollar slides to 3-1/2-year low after jobs data
15 (Bloomberg) - Bloomberg"s Trish Regan, Julie Hyman and Adam Johnson report on today"s ten most important stocks including GM, Apple and Bank of America. (Source: Bloomberg) Bloomberg Governor Jerry Brown proposed a new rainy day fund to minimize bust-and-boom cycles BusinessWeek Securities and Exchange Commission attorneys are reviewing the stock holdings of about 3,400 employees after some New York staffers were found to own securities prohibited by ethics rules. Bloomberg Brian Krzanich is shaking things up at Intel. Now comes the wait for measurable results, which may be scarce as investors wait for fourth-quarter results Thursday. Forex: USD/JPY Technical Analysis - 105.00 Held as Resistance
The Aussie has been a big target for manager-driven hedge funds, notably CQS founder Michael Hintze, who have focused on central bank governor Glenn Stevens" wish for the currency to weaken, as well as signs of weakening demand for its natural resources. Computer-driven hedge funds, meanwhile, have also latched onto the currency"s slide. Richard Perry, analyst at Hantec Markets, said that while technical factors suggest there could be a small bounce in the Aussie, it could meet resistance between $0.8820 and $0.8863. "I"d be using that technical rally as a chance to sell.
Nasdaq Cancels Contract to Operate Key Market System
Microsoft Corporation (NASDAQ:MSFT) Reaching Out To OEM
Nasdaq stocks posting largest volume increases
RELATED: Average debt up again for recent college grads What"s the first step? Simply talk to your loan provider, Mayotte says. Loan providers are very familiar with federal programs and will be able to help borrowers determine which programs make sense for their circumstances. Below are four ways borrowers can have their federal student loans forgiven through a variety of government programs. 1. Student-Loan Straitjacket
A small change in the way the Department of Education approves parents for PLUS loans resulted in thousands of previously approved recipients being rejected the following applicable year, unable to help pay for their children"s higher education. In a report released Wednesday by the New America Foundation, policy analyst Rachel Fishman breaks down the effect the October 2011 change had on different Parent PLUS loan recipients, as well as on colleges and universities. Overall, Fishman found the department approved more than 200,000 fewer recipients in 2013 than it did in 2011. The change came when the department tightened its requirement for credit check criteria. Before 2011, parents typically were approved if they didn"t have an adverse credit history -- meaning no delinquencies of more than 90 days and no foreclosures, bankruptcies or defaults. Student Loan Crisis: Does Over $1 Trillion in Debt Prove that College is Now a Scam?
Ellerbee, who said she and her husband filed for Chapter 13 after a series of setbacks, including the 2006 flooding of their home. Pennsylvania bankruptcy attorney Patricia Mayer said that situation isn"t uncommon. "At the end of the day, I"m going to have clients coming out after five years owing more than when they went in [on student loans], and that"s not fair, and that"s certainly not a fresh start," she said. Deeply indebted consumers use Chapter 13 when they make too much money to qualify for Chapter 7 bankruptcy, which is reserved for people with little or no disposable income. Unlike Chapter 7, which starts a court-supervised sale of a debtor"s assets, Chapter 13 allows a borrower to try to save major assets such as a house. Ending up with a higher student-loan balance "was a lesser of evils at the time," said Shawn McKendry, who filed for Chapter 13 in 2009 to reduce the amount of debt on his house, located near Malibu, Calif., which was worth $120,000 less than what he owed on his mortgage then. Change to Loan Qualifications Hurt Students at HBCUs, For-Profit Colleges
"The truth of the matter is the bill on the floor would be a disaster for the young people of our country who are looking to go to college," said Sen. Bernie Sanders, a Vermont Independent who opposed the bill. "This makes a bad situation worse." Under the deal, high school http://www.obamastudentloanfor giveness.net students, like Dakota Friend, 16, could be paying more for student loans when she attends college. However, it will benefit her sister, Briana Mullen, who is currently a rising junior at University of California, Berkeley. "It doesn"t seem fair," Dakota Friend said.
Repayment strategies for your student loans
Every moment in history happens only once. All successful companies are successful in their own unique way. It"s your task to figure out what that future history will be," says Peter Thiel. Another quote on the website, this time by Mark Twain , furthers Thiel"s message. "I have never let my schooling interfere with my education," said the late, great author Mark Twain. Yet achieving the so-called american dream has always traditionally called for getting a college degree, along with marriage and a house with a cutesy white picket fence. Student loan deal passes Senate
"They may not be as vested in repaying their student loans because they feel they didn"t get the education they deserved." Then, too, some socalled debt relief firms mislead some borrowers, according to a report by the National Consumer Law Center. His office provides ongoing information to students with loans, on top of the counseling required by the federal government. But even that may not do the trick, he said. "Some students have loans at multiple lenders. There is not an easy way to track them." Juedes has personal experience with the complexity of student loans. |
It"s smart to diversify your holdings not only by market size and industry but also geographically. If the U.S. economy stalls or slides, other economies may still be performing well, so European stocks could help offset losses in your portfolio. More than a handful of European stocks had strong performances over the past year. Vodafone Group (NASDAQ: VOD ) surged 43% and yields 3%. 
In the U.S., the Standard and Poor"s 500 index, a broader measure than the Dow, was down 0.5 percent in early trading, on track for a fifth loss in seven trading sessions. That said, the index is well shy of a correction. It is down 3.4 percent from its record close on Jan. 15, Stocks in Germany were also falling on Friday, with the country"s DAX index down 0.5 percent, despite a strong economy and a low unemployment rate. 
30, 2014, file photo, Trader Patrick McKeon, center, works on the floor of the New York Stock Exchange. Global stocks fell on Friday Jan. 31, 2014 after a drop in eurozone inflation showed the recovery is still weak there and concern persisted over the outlook for emerging economies. (AP Photo/FILE) NEW YORK (AP) U.S. 
stocks are lower in midday trading as investors fret over disappointing results from Amazon.com and more trouble in overseas markets. The Dow Jones industrial average fell 89 points, or 0.6 percent, to 15,759 shortly after 12 p.m. Eastern time Friday. The Standard & Poors 500 dropped five points, or 0.3 percent, to 1,788 and the Nasdaq composite dropped eight points, or 0.2 percent, to 4,114. More business news U.S. 
Rocket Fuel Inc. rose 13.0 percent to $66.76. SuperCom Ltd. rose 11.6 percent to $6.86. GlycoMimetics Inc. 
: Approximately 896,600 shares changed hands, a 895.8 percent increase over its 65-day average volume. The shares rose $5.96 or 23.4 percent to $31.45. Echelon Corp. : Approximately 3,010,700 shares changed hands, a 1,882.9 percent increase over its 65-day average volume. The shares fell $.06 or 1.9 percent to $3.02. 
The decision comes amid increased regulatory scrutiny in the wake of last Augusts Flash Freeze, which highlighted concerns about the safety and soundness of market infrastructure. According to a person familiar with the matter, Nasdaq sent a letter to the committee overseeing the Securities Information Processor in November stating the exchange would terminate its contract to operate the system. The contract stipulates that the termination process take 24 months, so Nasdaq will still operate SIP for the time being. The lengthy process to exit the contract is because the SIP is considered a critical piece of market plumbing that needs to constantly be operated by a vendor. The Nasdaq SIP, which malfunctioned during the Flash Freeze, is used by retail investors and market-data providers for stock quotes. The New York Stock Exchange, now a division of IntercontinentalExchange ( ICE ), operates a separate SIP. 
Platform Support The latest piece of speculation to further this argument came in the form of a Twitter post posted by long time Microsoft Corporation (NASDAQ:MSFT) watcher Eldar Murtazin. He has shared with his global audience that in order to promote its languishing Windows phone 8 operating system, Microsoft Corporation (NASDAQ:MSFT) will be paying out close to $2.6 billion to various smart phone hardware vendors like Samsung, Sony, Huawei and other unnamed OEM to develop one Windows Phone 8 based smart phone this year. Mr Murtazin has likened this arrangement to a similar deal that Redmond based software maker had struck with Nokia prior to the buyout of its handset business. Past Track Record As A Guide It would be appropriate for us to recollect here that Microsoft Corporation (NASDAQ:MSFT) had paid out close to $1.6 billion to then independent 
Elsewhere, Spain"s IBEX +0.4% and Italy"s MIB +1.0%. Looking at economic data: Eurozone trade surplus expanded to EUR16.00 billion from EUR14.30 billion (EUR16.70 billion forecast). Great Britain"s CB Leading Index rose 0.5% month-over-month (0.4% last). Spain"s CPI ticked up 0.1% month-over-month, as expected (0.2% prior). On an annualized basis, CPI rose 0.3% (0.2% forecast, 0.2% prior). Swiss retail sales rose 4.2% year-over-year (1.6% consensus, 1.6% last). Among news of note: The Bank of France has proposed cutting the Livret savings rate from 1.25% to 1.00%, but the proposal has been met with pushback from Finance Minister Pierre Moscovici. In U.S. corporate news: 
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