When it comes to private student loans, it’s hard to avoid getting the runaround

That leaves $260 a month to spend or save — if that, since these are all very rough back-of-the-envelope figures and could easily understate the true costs of living — and many of our recent graduate’s friends won’t be so lucky. Only 39% of current student loan borrowers are actively paying off their loans and haven’t fallen behind. The rest (that would be the delinquent 15% of our under-30 borrowers) might be looking at our $30,000-a-year grad and thinking, “Maybe I should’ve gotten that degree instead.” Debt weighs more heavily on people who have lesser means to repay. There are mechanisms to delay student loan repayment, but unlike all other forms of debt, the only way out is to pay off the loan. The $322 billion in outstanding student loan debt weighing down the under-30 age group might not mean as much to you as the roughly $1 trillion in total student-loan debt weighing down the entire country, but in nearly every case, the debt of older Americans is at least backed by experience, which is worth a leg up in a tough job market. A quarter of all delinquent student loans are held by people under 30, and once the penalties start it can quickly become a death spiral without the option of bankruptcy web site to clear the slate, or the opportunity for professional advancement and greater earnings to make up the difference.
Source: http://www.fool.com/investing/general/2013/08/25/the-student-loan-bubble-is-creating-a-generation-o.aspx

The Obamas carried these debts for the first 25 years of their marriage. The president and the first lady also racked up $40,000 each attending Harvard Law School. Including undergraduate loans, the Obamas owed a combined $120,000 after college. They did not settle their debts until 2004, when Obama signed a $1.9 book deal to write The Audacity of Hope. He was also elected to the U.S. Senate that year.
Source: http://dailycaller.com/2013/08/27/its-personal-obamas-carried-120000-student-loan-debt-for-decades/

Parents face the student loan double whammy

The New York Federal Reserve, which tracks the data, reports that student loan debt is the only form of consumer debt that has grown since the peak of consumer debt in 2008. What’s more, the amount owed in student loans is now greater than both auto loans and credit cards, making student loan debt the largest form of consumer debt outside of mortgages. It’s all driven by relentless increases in the cost of tuition at a time when the country is struggling with sky high unemployment. Americans 50 to 59 years old owed $112 billion in student loan debt at the end of 2012, according to the New York Fedup from just $34 billion in 2005. And there are a lot of them.
Source: http://www.cnbc.com/id/100984688

And it is that corruption which has stemmed the future of this nation and all who have invested in it. Exposure is seen as Congress and others refuse to attend to the matters declaring the need for changes in financing infrastructures. To build any future we need to remove this corruption, and secure the means for individuals to gain from their ideas, not secure the idea of corporations buying legislative security. Removing the debits individuals have will not change the matters on its own, economics involves an exchange and if someone removes even a portion of resources it will affect all others. The need then to secure the legislative security for the same individuals becomes paramount to long-term survival and means to assure economic resources remain fluid. The fact corruption exist today, shows there are funds being taken out of the system already, this has to stop to allow more economic resources are made available.
Source: http://www.examiner.com/article/economics-presidential-forgiveness-of-student-loans-part-1

Student loan rates will feed federal profits

That move places the responsibility of student borrowing almost entirely in the hands of the federal government and out of the hands of state government. As a father, I see the growing burden that could be placed on the shoulders of my children. As a student-loan payer, I have firsthand knowledge about our own education mortgage. As a lawmaker, I search for solutions across the higher-education system to better prepare students for careers, while at the same time putting them in a position to afford both their lifestyles and student loan payments after graduation. The conversation in Washington, D.C., seems to be centered on interest rates. We should remind ourselves that this ainterest rate debaclea is a crisis created by federal government action, or more accurately, its inaction.
Source: http://triblive.com/opinion/featuredcommentary/4576037-74/student-loan-education

Economics: Presidential forgiveness of student loans Part 1

Markets open in 7 hrs 18 mins When it comes to private student loans, it’s hard to avoid getting the runaround Consumer Reports Fri, Aug 23, 2013 2:00 PM EDT Print The start of a new college year is here, but a report on private student loans from the Consumer Financial Protection Bureau that highlights disturbing news about the problems students are having with lenders and loan servicers puts a damper on this exciting time for students nationwide. When students try to get basic information about their private loan accounts, they often get the runaround: Payments may be credited late or unevenly, record keeping is poor, and customer service is lousy. The most frequent complaint from students is that they are given few options to refinance or modify repayment for a better deal. Those findings (PDF) by the CFPB, unfortunately, are similar to those in a fall 2012 report . Students frustrations with their loan servicers sound all too much like the problems weve seen in the mortgage servicing business, where borrowers often cant get the straight answers and critical information they deserve. Outstanding student debt in the U.S.
Source: http://finance.yahoo.com/news/comes-private-student-loans-hard-180000068.html

Rethinking student loans

News outlets across the country were abuzz yesterday after the New York Times revealed a plan by the Obama White House to givea series of highly publicized speeches addressing the student loan debt crisis aimed at making colleges more accountable and affordable by rating them and ultimately linking those ratings to financial aid.Obama is crisscrossing New York and Pennsylvania in an effort to highlight the student loan crisis and suggest a number of solutions he hopes to implement some via executive action, others through legislative compromise (ha!) with the GOP: A draft of the proposal, obtained by The New York Times and likely to cause some consternation among colleges, shows a plan to rate colleges before the 2015 school year based on measures like tuition, graduation rates, debt and earnings of graduates, and the percentage of lower-income students who attend. The ratings would compare colleges against their peer institutions. If the plan can win Congressional approval, the idea is to base federal financial aid to students attending the colleges partly on those rankings. Unfortunately, the amount Obama is able to accomplish is tied to the willingness of Congressional Republicans to work with the president at crafting legislation, no easy task. But Alec McGillis of The New Republic offers some hope that bipartisan compromise might be possible, noting that, when Republicans do rise against Obamas cost-control plan as another example of heavy-handed big government, they should be aware that his plan has firm roots in George W. Bushs White House. Meanwhile, at New York Magazine, Jonathan Chait suggests that the GOPs hatred of the Affordable Care Act another traditionally conservative policy proposal could serve as a blueprint for how Congressional Republicans might oppose Obamas new education agenda: Finding ways to get the government to spend less on education sounds pretty conservative.
Source: http://www.salon.com/2013/08/23/the_hidden_truth_about_student_loans/

The hidden truth about student loans

Making that profit stay shifted a lot of the burden onto parents and graduate students, Thompson said. “Unfortunately, this is a permanent change,” she said. Sen. Carl Levin, D-Michigan, said he voted for the plan because it promised relief to students, at least in the short term. “We stopped the increase in interest rates,” he said Wednesday.
Source: http://www.usatoday.com/story/news/nation/2013/08/25/student-loan-rates-will-feed-fed-profits/2696241/


When Nasdaq re-opens, get ready for craziness

The CME said that it was seeing ‘no impact’ from Nasdaq’s trading halt. “They want everybody else to shut down Tape C trading so they can restart over at the Nasdaq and until they do they can’t restart”, said CNBC contributor Pete Najarian. Tape C refers to any securities traded over the Nasdaq. “If I was back in the days of 10 years ago managing 300 traders I’d put the directive out to every one of them ‘we don’t put any orders in at the open’ … no one trades for 60 minutes,” said Joe Terranova, chief market strategist for Virtus Investment Partners and a CNBC contributor.
Source: http://www.cnbc.com/id/100968086

Full Nasdaq trading expected to resume soon

The exchange said full trading would resume at 3:25. “When everyone comes back online at the same time that’s when even more beststock dangerous things can happen in the marketplace,” said Sal Arnuk, the co-founder of Themis Trading. The Wall Street Journal pointed to Apple as a good example of the chaos that could ensue. The tech giant’s stock plunged shortly before the Nasdaq glitch.
Source: http://finance.yahoo.com/news/nasdaq-trading-halted-due-technical-162926716.html

They’re updated with what the Nasdaq is intending to do,” he said. “You have to make sure your customers are not caught with their pants down once they start trading again.” Nasdaq: What we know so far CNBC’s Dominic Chu provides a timeline of events with all the details about Nasdaq’s halt of trading. Nasdaq intends to reopen limited trading at 2:45 PM. The delay was yet another black eye for a market that has suffered through flash crashes, embarrassing glitches in initial public offerings and a general perception of being an uneven playground.
Source: http://www.cnbc.com/id/100981810

Central, more than three hours after the problem began. All traffic through Nasdaq stopped at 11:14 a.m. Central, the exchange said on its website, citing a problem distributing stock price quotes. A source familiar with the matter described the problem as a data feed issue. Rival exchanges halted trading of Nasdaq-listed shares shortly afterward at the request of Nasdaq, the second-biggest U.S.
Source: http://www.chicagotribune.com/business/breaking/chi-nasdaq-trading-halt-20130822,0,5384409.story

The gray art of not quite insider trading

They can also read FAQs to know more about the features, terms and conditions, etc. while trading. About ForexMinute.com ForexMinute, the worlds leading Forex news and views portal, has become a one-stop solution provider for Forex traders and brokers as well as Bitcoins news. It provides all the required tools to individuals to become a professional Forex trader. Also, it helps Forex brokers provide high-end user-friendly trading experience to traders with an array of resources e.g. financial news by the minute, fundamental analysis, technical analysis, Forex tools and others.
Source: http://www.sfgate.com/business/press-releases/article/UFXMarkets-Offers-a-Multilingual-Forex-Trading-4741015.php

Of course, a lot of upside could potentially be left on the table if HAS shares really soar, which is why looking at the trailing twelve month trading history for Hasbro, Inc., as well as studying the business fundamentals becomes important. Below is a chart showing HASs trailing twelve month trading history, with the $47.50 strike highlighted in red: see here Considering the fact that the $47.50 strike represents an approximate 5% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 79%. On our website under the contract detail page for this contract , Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 0.67% boost of extra return to the investor, or 6.75% annualized, which we refer to as the YieldBoost.
Source: http://www.forbes.com/sites/stockoptionschannel/2013/08/16/first-week-of-has-september-21st-options-trading/

Samson Oil & Gas Requests Trading Halt

It is separate from other business accounts and cannot be used for any other purpose than holding funds until they are needed to complete a sale or transaction. Scott was sentenced in Parramatta Local Court last week to 16 months’ jail, with a non-parole period of a year, for transferring $287,000 and then $526,000 into his own account. Minister for Fair Trading Anthony Roberts said his department was investigating 29 individual cases of alleged trust-account fraud. ”It is unacceptable for real estate agents to dip into their trust accounts,” Mr Roberts said. He said Fair Trading had increased its number of investigators in the field, and was conducting spot inspections and undercover operations to crack down on illegal activities, particularly with regard to trust accounts.
Source: http://www.smh.com.au/nsw/trading-watchdog-cracks-down-on-agents-20130817-2s3g8.html

First Week of HAS September 21st Options Trading

At the same time, one out of every three trades take place “off exchange” through so-called dark pools or internal trading channels. The problem with those trades: a lack of transparency. Unlike the New York Stock Exchange ( NYX ), non-public exchanges don’t show what someone is willing to pay to buy or sell a stock. Critics say that allows high speed traders take advantage of both large and small investors. High speed trading firms buy and sell millions of stocks every second of the day.
Source: http://money.cnn.com/2013/08/15/investing/high-speed-trading-exchange/index.html

High speed trading puts investors on losing end

trading of its ADSs. Samson has a total of 2,326 million ordinary shares issued and outstanding (including 97,307,525 million options exercisable at AUD 3.8 cents), which would be the equivalent of 116 million ADSs. Accordingly, based on the NYSE MKT closing price of US$0.58 per ADS on August 16th, 2013 the Company has a current market capitalization of approximately US$68.34 million (the options have been valued at an exchange rate of 0.9147). Correspondingly, based on the ASX closing price of A$0.033 for ordinary shares and a closing price of A$0.012 for the 2017 options, on August 16th, 2013, the Company has a current market capitalization of approximately A$77.92 million. For and on behalf of the board of SAMSON OIL & GAS LIMITED TERRY BARR Managing Director Statements made in this press release that are not historical facts may be forward looking statements, including but not limited to statements using words like may, believe, expect, anticipate, should or will. Actual results may differ materially from those projected in any forward-looking statement. There are a number of important factors that could cause actual results to differ materially from those anticipated or estimated by any forward looking information, including uncertainties inherent in estimating the timing and results of financing activities.
Source: http://finance.yahoo.com/news/samson-oil-gas-requests-trading-000000441.html

Trading watchdog cracks down on agents

Four or five years ago, Source A continues, he and other health care analysts still used to get in touch with doctors who were serving as investigators on Phase II or Phase III trials, studies required by the U.S. Food and Drug Administration before a pharmaceutical can be approved as safe and effective. He might have been able to reach as many as eight out of 10 investigators running a study, and sometimes he could reach the principal investigator, the overseer of the whole thing. “Say each investigator has 11 patients,” Source A continues.
Source: http://money.cnn.com/2013/08/15/investing/insider-trading.pr.fortune/index.html

Clown Obama Missouri: Did rodeo stunt go too far?

While the letter appears to focus on the risk of leaks and counter-intelligence by enemies, more than on concerns that the Constitution is being violated by NSA dragnets, it’s clear that Obama is worried about the backlash. “Recent years have brought unprecedented and rapid advancements in communications technologies, particularly with respect to global telecommunications,” his letter to Clapper reads. “These technological advances have brought with them both great opportunities and significant risks for our Intelligence Community: opportunity in the form of enhanced technical capabilities that can more precisely and readily identify threats to our security, and risks in the form of insider and cyber threats I believe it is important to take stock of how these technological advances alter the environment in which we conduct our intelligence mission. To this end, by the authority vested in me as President by the Constitution and the laws of the United States of America , I am directing you to establish a Review Group on Intelligence and Communications Technologies (Review Group).” Obama’s focus appears to be on stopping leaks visit website like Snowden’s what he calls “unauthorized disclosures” but also makes a nod towards public concern about US intelligence targeting of citizens, with a brief comment about the “need to maintain the public trust.” The proof of the pudding will obviously be in the eating. Obama has asked for a review group to be named by Clapper to brief him, via the DNI, within 60 days and to provide a final report and recommendations by Dec.
Source: http://www.csmonitor.com/World/Backchannels/2013/0812/Obama-calls-for-outside-review-of-NSA-intelligence-collection

Dog days of summer: Bo Obama flies on Osprey to Martha’s Vineyard vacation

See if D.C. Decoder can stump you! They mentioned the presidents name, I dont know, 100 times. It was sickening. It was feeling like some kind of Klan rally youd see on TV, said Beam.
Source: http://www.csmonitor.com/USA/DC-Decoder/Decoder-Wire/2013/0812/Clown-Obama-Missouri-Did-rodeo-stunt-go-too-far

Obama Seeks More Public Support for NSA Policy, Hayden Says

President Barack Obama s call for more oversight and transparency in the National Security Agencys surveillance programs shows that he wants to make Americans more comfortable with the agencys operations, former NSA director Michael Hayden said. The president is trying to take some steps to make the American people more comfortable about what it is were doing, Hayden, who also served as director of the Central Intelligence Agency, said today on CBSs Face the Nation program. Thats going to be hard, because some steps to make Americans more comfortable will actually make Americans less safe, he said. Obama said on Aug. 9 that he plans to work with Congress to pursue appropriate reforms in the NSAs authority to collect telephone and Internet data on millions of Americans. The president proposed changes in the Foreign Intelligence Surveillance Court, which vets requests for electronic eavesdropping and operates in secret.
Source: http://www.bloomberg.com/news/2013-08-11/obama-aims-to-build-public-support-for-nsa-programs-hayden-says.html

The president kicked off the trip with a round of golf. The Obamas are staying at Chilmark, on the western end of the tony Massachusetts island dotted with multimillion-dollar homes, including the vacation home owned by David Schulte at which Mr. Obama is staying. The Chicago specialist in corporate restructurings donated $2,000 to Mr. Obama s 2012 presidential campaign.
Source: http://www.washingtontimes.com/news/2013/aug/12/bo-obama-flies-osprey-chopper-marthas-vineyard-vac/

Obama says VA has reduced backlog of disability claims

Espinel made waves in January, 2012 when she distanced the White House from the controversial Stop Online Piracy Act amid protests. At other times, she helped foster industries to work together to confront piracy, most notably working with major ISPs and content holders on the ” Copyright Alert System ” as well as a voluntary program aimed at stopping advertisements from appearing on websites primarily devoted to piracy. During her time, IP-related enforcement actions at the FBI, ICE and the U.S. Customs agency all grew signficantly. As “IP czar,” she also was involved in the America Invents Act, the first comprehensive overhaul of U.S. patent law since the 1950s.
Source: http://www.hollywoodreporter.com/thr-esq/obamas-white-house-loses-top-604322

Obama’s White House Loses Top IP Czar

The VA also began prioritizing claims pending more than a year as part of an earlier move to deal with the issue. The Office of Personnel Management is wrestling with a large backlogof its own relating to federal-employee retirement claims , but progress has stalled on that front. Last week, the agency retreated from its goal of clearing the delays by the end of this year, citing a loss of overtime hours and a spike in retirements as obstacles. The number of outstanding federal-worker retirement claims has dropped from48,000 in late 2011 to about 27,000, but the decline has slowed dramatically since April, when the agency eliminated overtime for processors and trimmed call-center hours as part of an effort to meet its cost-cutting targets under the sequester. The automatic spending reductions shouldnt affect overtime for the VA processors handling disability claims because the agency is exempt from sequester cuts. Nonetheless, progress has proved challenging with an avalanche of new cases arriving since Obama provided greater access to benefits for Vietnam War veterans exposed to Agent Orange.
Source: http://www.washingtonpost.com/blogs/federal-eye/wp/2013/08/12/obama-says-va-has-reduced-backlog-of-disability-claims/