College Graduates Struggle With Student Loan Spiral

The Government insisted that bidders for the 900m loan portfolio, which was given the codename Project Ariel, would be assessed against a strict set of criteria, although it did not say publicly what these would be. It added that the terms and conditions for borrowers whose loans were included in the sale would not change. The mortgage-style loans were available between 1990 and 1998, with two tranches sold in 1998 and 1999. Repayments on them can be deferred for a year at a time if borrowers’ income is below 85% of the national average earnings. “The remaining loans owned by the Government are mostly in deferment or in arrears, so total annual repayments are low,” BIS said in March, adding that it was likely to receive significantly less than 900m from a buyer. A BIS spokeswoman declined to comment while the Student Loans Company referred questions to the Government.
Source: http://news.sky.com/story/1173070/student-loans-ministers-to-unveil-900m-sale

Are student loans the next big bust?

At private colleges, the average sticker price is nearly $30,500 . By comparison, tuition is free at public universities in countries such as Argentina, Iceland, Norway and Sweden. Zero tuition does not equal zero student debt, though. In 2012, approximately 900,000 Swedish students received help from their government totaling close to 22 billion krona , or nearly $3.5 billion, to cover fees and living expenses, according to annual reports. Roughly two-thirds of those funds were loans. [See photos of the top universities around the world .] In Japan, an estimated $5 billion in student loans were past due in 2011, the Japan Daily Press reported .
Source: http://www.huffingtonpost.com/2013/11/20/student-loan-debt-around-the-world_n_4299782.html

By contrast, lenders of private student loans tend toward the unforgiving. Chopra thinks the defaults are mainly among dropouts, but data on that is scarce. Many of those defaulting may simply not know about the federal forbearance programs. They are paralyzed by the magnitude of the situation. Some bury their heads in the sand and hope the loan will go away, says Paul Combe of American Student Assistance, a nonprofit group that helps students plan their debt.
Source: http://www.stltoday.com/business/columns/jim-gallagher/are-student-loans-the-next-big-bust/article_b371a567-6336-51ea-913f-47242585a289.html

US government “profits” from student loans in 2013 surpassed $41 billion

Some bankruptcy experts say the problem shows the U.S. Bankruptcy Code is ill-equipped to handle student-loan debt, which, at about $1 trillion, has outgrown credit cards as the largest source of consumer debt, excluding mortgages. Pennsylvania resident Daisy Ellerbee, 38 years old, has two years of payments left on her Chapter 13 bankruptcy plan and now owes more than $30,000 on a loan that she co-signed for one year of her daughter’s education at West Virginia University. The original loan amount was $24,700, http://www.obamastudentloanforgiveness.net/ she said. “They kill you with the interest rate,” said Ms.
Source: http://online.wsj.com/news/articles/SB10001424052702303983904579095262035350296

“I just assumed student loans are how you get through school,” Emily said. The Striblings got married, and the future looked bright for them until the economy took a dive, just as they accepted their diplomas. “Everybody had huge layoffs, nobody was hiring,” Sam said. The Striblings moved in with parents and took the only jobs they could get. “At Hallmark, I was making $8.50 an hour,” Emily said.
Source: http://www.myfoxdfw.com/story/24067269/college-graduates-struggle-with-student-loan-spiral

It will go toward reducing deficits. Student loan interest rates could double The bill won support from Senate Republicans. However, left-leaning Democrats and student groups opposed the bill for hiking rates in coming years. “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.
Source: http://money.cnn.com/2013/07/24/news/economy/senate-student-loans/index.html

Student loan deal passes Senate

In September, the Senate Health, Education, Labor and Pension Committee began a series of hearings on critical higher education issues, including loan programs. The average federal student loan holder is more than $26,000 in debt, a nearly 43 percent increase from 2007. Since that year, outstanding federal student loans have almost doubled, worrying Treasury and Federal Reserve officials. (It) is a burden which is affecting, for example, the ability of many young people to buy a first home, affecting other purchasing decisions they might make, affecting obviously their overall financial condition, Federal Reserve Chairman Ben Bernanke said earlier this month. To the extent that theres a lot of student debt held by people who are not working, it’s obviously yet another drag on recovery. The Education Department told the Detroit Free Press Monday that the Obama administration has strived to alleviate debt for students and families.
Source: http://rt.com/usa/student-loans-government-profit-292/


Forex Firms Thrive On Volatile Exchange Rates

Core CPI m/m is forecast to have risen by 0.1 continue reading this.. percent in October. At 13.30 UTC also, the US Census Bureau will release October Retail Sales m/m and Core Retail Sales m/m, both expected to show 0.1 percent increases. US Existing Home Sales are due out at 15.00 UTC with expectations for 5.15 million in October. At that time also, the Census Bureau reports on Business Inventories m/m for September (0.3 percent rise expected) and FOMC member William Dudley is scheduled to speak. Another FOMC member, James Bullard, speaks at 17.10 UTC and then at 19.00 UTC the Fed will publish the minutes of the most recent FOMC meeting. Todays resistances: 0.9420, 0.9465 and 0.9500.
Source: http://invezz.com/news/forex/6936-Forex-AUD-USD-RBA-s-Debelle-reiterates-AUD-too-high

Global economies using quantitative easing as an economic stimulus strategy remain in uncharted waters, and any reversing can only be detrimental to that policy, no matter how optimistic anyone is on growth. RBA Rhetoric Stirs Sentiment Current forex market sentiment is trying to remain optimistically buoyant over Chinas reform and Yellens dovish remarks last week. Apart from global bourses, the real market enthusiasm remains rather lackluster across other asset classes fixed-income and cash. The fact is that central banks continue to have a stranglehold on forex; the Reserve Bank of Australia (RBA) is the latest transparent example.
Source: http://www.forbes.com/sites/deanpopplewell/2013/11/19/forex-dollar-slips-on-fed-rhetoric/

FCA to consider forex rules after probes completed

The dollar fetched 100.11 yen after gaining 0.1 percent overnight, while the Australian dollar hit a one-month high of 94.56 yen. Analysts said the low-yielding yen is still the preferred funding currency for carry trades, with the Bank of Japan expected to maintain its ultra-loose monetary policy at its meeting on Thursday. Bernanke gave dollar bears a reason to emerge in Asia after he continued the dovish tone set earlier by other Fed officials including Janet Yellen and Charles Evans. The dollar index slipped 0.4 percent against a basket of major currencies to a two-week low of 80.487 as the euro reached a two-week high of $1.3584.
Source: http://uk.reuters.com/article/2013/11/19/markets-forex-idUKL4N0J44A420131119

Official data earlier showed that producer price inflation input rose 2.2% in the third quarter, exceeding expectations for a 0.6% uptick, after a 0.6% rise in the three months to June. Producer price inflation output rose 2.4% in the last quarter, more than the expected 1% increase, after a 1% rise in the second quarter. The greenback strengthened after Bernanke said the Fed would maintain its accommodative monetary policy for as long as needed and would taper its USD85 billion-a-month asset purchase program only when it was sure that improvements in the labor market would continue. Interest rates will probably remain near zero for a “considerable time” after the bank winds up asset purchase program, he added. Last week Janet Yellen, who has been nominated to succeed Ben Bernanke, reiterated the need for continued stimulus to ensure a robust economic recovery.
Source: http://www.nasdaq.com/article/forex-nzdusd-lower-on-bernanke-comments-cm303604

Forex Peace Army has garnered much attention in the forex trading arena for its impressive free forex education section. Forex Peace Army is a trusted and recognized source online for gaining an insight about different systems in forex trading. “If you want to become a successful forex trader, you have to become a lean and mean forex trading machine,” says Dmitri Chavkerov, CEO of Forex Peace Army. According to Dmitri Chavkerov, it is important for traders to be lean and mean trading machines if they want to see success in this highly volatile space.
Source: http://money.msn.com/business-news/article.aspx?feed=PR&Date=20131119&ID=17123239

This is the reality that is reflected in the financial accounts of forex firms. And even a cursory look at their balance sheets brings this point to the fore. Wider spreads between official and open market exchange rates due to the pressure on the rupee in FY13 and in the first quarter of FY14 have benefited exchange companies a lot. Weve seen transactions expanding amazingly, and many of us have made big profits in the last fiscal year and so far during this year, says an official of the Exchange Companies Association of Pakistan. Since these companies are not listed and as such are not bound to make their financials public, recent statistics are not available.
Source: http://dawn.com/news/1056928/forex-firms-thrive-on-volatile-exchange-rates

The truth is we are at a very early stage and a long way off before we can make any conclusions.” REGULATORY PERIMETER Currently Libor is the only widely used financial benchmark to be directly regulated by the FCA in Britain, following a law in April which also made rigging of Libor a criminal offence. The watchdog has, however, begun looking beyond this regulatory “perimeter” to other types of benchmarks. With 40 percent of global forex trading taking place in London, the FCA has already begun scrutinising how benchmarks based on that market are being compiled, an FCA official said. And its inquiries go beyond that area. Those who administer oil, gold and other major, non- interest rate-related benchmarks, as well as those in forex, have been asked to assess by July next year how they comply with new global regulatory principles governing all types of indexes following the Libor scandal. The FCA has also asked banks which provide quotes for a range of benchmarks, including forex, to “run a rule” over their submissions process and show how they have applied lessons from the Libor scandal, the FCA official said.
Source: http://uk.reuters.com/article/2013/11/19/uk-britain-forex-idUKBRE9AI0T520131119


Which Student Loan Repayment Plan Should You Choose?

Did you know that the Department offers several different repayment plans ? You can read more about that below or you can try our repayment estimator to find out which repayment plan is best for you. Just log in , http://www.obamastudentloanforgiveness.net and the tool will pull your federal student loan information and allow you to compare our different repayment plans side by side: Here are the details on each repayment plan we offer: Standard Repayment Plan The most basic type of repayment plan is the Standard Repayment Plan .This is the default plan for most types of student loans.It breaks down your loan balance into monthly payments of at least $50 for up to ten years.In general, this is the plan that will cost you the least amount of money in interest payments. Graduated Repayment Plan Under the Graduated Repayment Plan , monthly payments start out low and increase every two years during the 10-year repayment period. This plan is best for borrowers whose income may start out low but is expected to increase.
Source: http://www.ed.gov/blog/2013/11/which-student-loan-repayment-plan-should-you-choose/

Fitch Maintains Rating Watch on Two SLC Student Loan Trusts

Then make a schedule and a budget. Setting up automatic payments will help you avoid missed payments, which will hurt your credit score and let you develop poor financial behaviors. Helping someone pay off debt isnt just about the mathematics. Its about the behavior control mechanisms they have. You just have to be disciplined, said Patrick Brady, a financial adviser who has counseled millions of dollars of student loan debt for the Utah Medical Association. 3.
Source: http://www.deseretnews.com/article/865590273/Experts-offer-advice-about-paying-off-those-dreaded-student-loans.html?pg=all

Experts offer advice about paying off those dreaded student loans

The median monetary recovery is $700; the maximum amount of relief granted thus far is $75,000. Geographically, PIRG found that states with higher average student debt also tended to have borrowers who complained to the CFPB more frequently. Overall, borrows from the Northeast were much more likely to file a CFPB complaint, with consumers from the District of Columbia having the highest complaint-to-borrower ratio. Conversely, borrowers from the South and Midwest were the least likely to complain. These regional variations could warrant additional research especially when one considers that the vast majority of Historically Black Colleges and Universities are located in the South. Further, How America Pays for College, a 2012 research report from Sallie Mae, the nations largest financial services company specializing in education, found that among Black families, 51 percent borrow for college costs and 35 percent of Black students take out loans in their own names to attend four-year institutions, both public and private.
Source: http://northdallasgazette.com/2013/11/10/private-student-loans-no-better-than-using-a-credit-card-for-college/

Private student loans no better than using a credit card for college

Borrowers who sign up for automatic debit may qualify for a .25 percentage point interest rate reduction while enrolled to make scheduled monthly payments. Contact Your Loan Servicer. If you need help, know that the first place to turn should be your loan servicer. If you are experiencing financial difficulty and are going to miss a payment, call your loan servicer BEFORE you miss a payment. They can explore the options available and help you to keep your loans in good standing. 2013 CBS Interactive Inc..
Source: http://www.cbsnews.com/8301-505144_162-57611290/how-to-pay-your-student-loans/

Student loan rates will feed federal profits

Any remaining amounts in the account will be released on the October 2016 quarterly distribution date. Satisfactory Servicing Capabilities: Sallie Mae Inc., as servicer, is responsible for servicing both trusts. Fitch believes Sallie Mae is an acceptable servicer of FFELP student loans. Rating Sensitivities Since FFELP student loan ABS rely on the U.S. government to reimburse defaults, ‘AAAsf’ FFELP ABS ratings will likely move in tandem with the ‘AAA’ U.S.
Source: http://finance.yahoo.com/news/fitch-maintains-rating-watch-two-214200830.html

How to pay your student loans

Sent! A link has been sent to your friend’s email address. 141 To find out more about Facebook commenting please read the Conversation Guidelines and FAQs This story is part of Barack Obama Student loan rates will feed federal profits David Jesse, Detroit Free Press 12:44 a.m. EDT August 26, 2013 The Congressional Budget Office projects the government to clear $175 billion in profit over the next decade on student loans. President Barack Obama signs the Bipartisan Student Loan Certainty Act of 2013 in the Oval Office at the White House on Aug.
Source: http://www.usatoday.com/story/news/nation/2013/08/25/student-loan-rates-will-feed-fed-profits/2696241/


Nasdaq To Quote Structured Note Prices As Sec Urges Transparency

fell 16.5 percent to $6.01. NxStage Medical Inc. fell 15.6 percent to Recommended stocks to buy $10.44. Providence Service Corp. fell 14.5 percent to $25.58. Empire Resorts Inc.
Source: http://www.businessweek.com/ap/2013-11-07/nasdaq-stocks-posting-largest-percentage-decreases

Other big blue-chip gains came from General Electric (+1.8 percent), UnitedHealth Group (+2.3 percent) and oil companies Chevron (+2.3 percent) and ExxonMobil (+1.3 percent). Clothing company Ralph Lauren rose 4.3 percent rose 5.5 percent after earnings bested analyst expectations by 3 cents at $2.23 per share. The company also boosted its revenue forecast. Oil and gas company Chesapeake Energy fell 6.8 percent on a weak production outlook. Deutsche Bank said the forecast implied a sequential decline in output of oil.
Source: http://news.yahoo.com/us-stocks-european-markets-higher-145024660.html

Outside the U.s,Dyax Corp. (NASDAQ:DYAX) has established its partnerships to obtain regulatory-approval for & commercialize KALBITOR in specific markets. It is also evaluating opportunities in various other markets.Dyax Corp. (NASDAQ:DYAX) leverages its phage-display technology via the Licensing & Funded Research Program This program covers 13 product-candidates in clinical-development, including 3 in Phase-3 trials.
Source: http://nysepost.com/dyax-corp-nasdaqdyax-focuses-on-the-treatment-of-angioedema-11507

and the title. FORTUNE — This must be a pretty rough morning over at the NASDAQ. First, chief rival NYSE managed to bring Twitter ( TWTR ) public without any of the tech snafus that NASDAQ suffered through last year with Facebook ( FB ). Now, NYSE gets to rub even more salt in the wound, thanks to this new Thomson Reuters infographic: Source: Thomson Reuters It is worth noting, however, that NASDAQ has making inroads in overall IPO issuance — in part thanks to a 2013 boom in biotech offerings.
Source: http://finance.fortune.cnn.com/2013/11/07/nyse-nasdaq-twitter/

GDP report showing weak consumer and business spending. TOP INDEX MOVERS LAST 5 TRADING DAYS (+/-) EQUITY INDEXES: 10/30 – 11/06 NASDAQ EM EUROPE -2.9% INDEX (NQEMEU) PHLX HOUSING SECTOR -2.7% INDEX (HGX) NASDAQ EMERGING -2.4% MARKETS INDEX (NQEM) NASDAQ BIOTECHNOLOGY INDEX -2.4% (NBI) PHLX DEFENSE SECTOR +1.7% INDEX (DFX) COMMODITY INDEXES: 10/30 – 11/06 NASDAQ COMMODITY -5.3% SILVER INDEX ER (NQCISIER) PHLX GOLD & SILVER -5.2% INDEX (XAU) NASDAQ COMMODITY -4.1% BRENT CRUDE INDEX ER (NQCICBER) NASDAQ COMMODITY -3.6% NATURAL GAS INDEX ER (NQCINGER) NASDAQ COMMODITY -3.2% INDUSTRIAL METALS ER (NQCIIMER) “Earnings and revenue ‘beats’ have been outperforming last quarter’s and are in-line with the prior four quarters,” said Dave Gedeon, Managing Director, NASDAQ OMX Global Indexes. “We are seeing some sector rotation as we head into year-end, but earnings have not been the primary driver as global monetary policy remains the focus.” INDEX MOVES THIS WEEK — The PHLX Housing Index (HGX) reversed a 5.6% gain last week with a 2.7% loss over the last five days as multiples for homebuilder earnings have contracted. The Index fell below its 50-day moving average on October 31st and has weakened since. — The NASDAQ Biotechnology Index (NBI) fell 2.4% as it appears investors are taking profits.
Source: http://www.marketwatch.com/story/nasdaq-weekly-market-pulse-2013-11-07

The products can include buffers against losses, leveraged gains to a cap, protection of principal and a variety of other features. The largest issuers in the U.S. this year are Bank of America Corp. , with $5.34 billion of sales and JPMorgan Chase & Co. (JPM) , with $3.9 billion. Justin Perras , a spokesman for JPMorgan, declined to comment about the Nasdaq system, and Susan McCabe of Bank of America, didnt return an e-mail.
Source: http://www.bloomberg.com/news/2013-11-07/nasdaq-to-quote-structured-note-prices-as-sec-urges-transparency.html


Forex: Eur/usd Holding To Rising Channel So Far Today

The market expects the window to be url withdrawn in the next few weeks, which could bump up demand for US dollar by more than $400 million a day. Dealers expect a gradual return so that the market can absorb the demand for dollars and there is no sudden exchange rate movement. The window was introduced on August 28, when the rupee hit its record-low of 68.85. “We expect OMCs to begin buying dollars in a calibrated fashion,” Yes Bank chief economist Shubhada M Rao told ET. Forex dealers said the rupee may come under pressure and depreciate around 1% when the companies are back in the market. The rupee has been at 61-62 a dollar in the last few weeks and RBI attributed this stability to the rise in exports, the contraction in non-oil import demand, and effective policy interventions.
Source: http://economictimes.indiatimes.com/markets/forex/return-of-oil-companies-to-forex-market-could-unsettle-rupee/articleshow/25238551.cms

The value of currencies may fluctuate and investors may lose all or more than their original investments. Risks also include, but are not limited to, the potential for changing political and/or economic conditions that may substantially affect the price and/or liquidity of a currency. The impact of seasonal and geopolitical events is already factored into market prices. The leveraged nature of FX trading means that any market movement will have an equally proportional effect on your deposited funds and such may work against you as well as for you. Past results are no indication of future performance. Information contained this web site is intended for informational purposes only and was obtained from sources believed to be reliable.
Source: http://www.forextv.com/forex-news-video/forex-event-risk-timing-key-for-eurusd-eurjpy-audusd-trading

NZD/USD hit 0.8260 during late Asian trade, the session low; the pair subsequently consolidated at 0.8282, easing 0.02%. The pair was likely to find support at 0.8193, the low of October 30 and resistance at 0.8338, the high of October 25. Comments by Fed officials on Monday indicated that the bank is likely to keep its stimulus program in place for some time to come. Federal Reserve Bank of Boston President Eric Rosengren said bank should keep its asset purchase program in place until there is “compelling evidence of a sustainable recovery making satisfactory progress toward full employment.” The kiwi was higher against the Australian dollar with AUD/NZD edging down 0.19%, to hit 1.1454.
Source: http://www.nasdaq.com/article/forex-nzdusd-almost-unchanged-eyes-on-nz-jobs-data-cm296364

to downgrade its economic outlook after the shutdown on Capitol Hill and the budget impasse that followed. The FOMCs statement played it safe, and in turn, it allowed investors betting the dollar would fall much further to be closed out. Perhaps the focus should be on what wasnt said. After all, Ben Bernanke didnt rule out a December taper, and maybe that was to be expected with the end of his term as Fed chairman drawing near.
Source: http://www.forbes.com/sites/deanpopplewell/2013/11/04/dollar-retreats-to-start-busy-forex-week/

Forex Master Method Offers Proven Ideas to Achieve Success in Trading

In todays trading so far, the pair has been confined between 1.3521 and 1.3489 and is currently to be seen around the psychological 1.3500 level. Spanish October Unemployment Change is due out at 08.00 UTC today and is expected to show a rise of 31,300. The European Union Economic Forecast for the next two years is due out at 10.00 UTC along with the Eurozones Producer Price Index m/m for September (expected to rise by 0.3 percent). ISMs US Non-Manufacturing Purchasing Managers Index for October is due out at 15.00 UTC. Analysts expect a slight decline from the prior 54.4 points. The IBD/TIPP Economic Optimism comes out at the same time and is forecast to rise to 41.1 points for this month from the prior 38.4.
Source: http://invezz.com/news/forex/6550-Forex-EUR-USD-holding-to-rising-channel-so-far-today

Several U.S. central bankers said on Monday the Fed was in no hurry to taper its bond-buying stimulus. Teppei Ino, analyst for Bank of Tokyo-Mitsubishi UFJ in Singapore, said the euro’s drop should be seen as a corrective move after many traders had piled up long positions. “If you ask whether there will be a shift to a trend of dollar strength and euro weakness, I don’t think that will be the case.” The dollar fell 0.4 percent to 98.23 yen.
Source: http://uk.reuters.com/article/2013/11/05/markets-forex-idUKL5N0IQ1E220131105

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Source: http://www.sbwire.com/press-releases/forex-master-method-offers-proven-ideas-to-achieve-success-in-trading-376326.htm