Student Loan Deal Passes Senate

The bill also would provide students and parents with detailed information about student loans and the best and worst private lenders. Students would receive loan counseling so they understand the full financial implications of loans and can make informed site decisions. The authority would have all powers available under existing law to collect payments from borrowers, including payments from borrowers who default. Under the consumer protection part of the bill, private student loan debt data in Wisconsin would be required to be collected and tracked by the Department of Financial Institutions and the Higher Education Aid Board to help policy-makers and the public better understand the depth and breadth of student loan debt. The data would include a ranking system based on private loan interest rates, loan terms and consumer protections. A recent study ranks Wisconsin No.
Source: http://www.jsonline.com/news/education/bill-sponsored-by-wisconsin-democrats-would-ease-student-loan-debt-b99125859z1-228938911.html

Gently used items can be easily found at thrift stores, garage sales, flea markets, on Craigslist or even on Facebook Yard Sale Groups. The trick is buying items cheap, and selling them for many times their purchase price. For example, clothing can be purchased at a Goodwill store for $5 a piece, and sold on eBay for sometimes up to $100, depending on the brand and style. Selling on eBay is a skill, but one that Gen Y kids can pick up easily. Can’t afford to buy inventory?
Source: http://www.examiner.com/article/how-to-pay-off-student-loans-learn-to-sell-unwanted-junk-on-ebay

District of Columbia* – $ 28,241 52% of students have debt. *Yes, we realize this technically isn’t a state. 10. New Jersey – $ 27,610 64% of students have debt. 11.
Source: http://www.huffingtonpost.com/2013/10/25/cfpb-private-student-loans_n_4159045.html

WASHINGTON (CNNMoney) The Senate on Wednesday approved a bipartisan deal that ensures lower interest rates on loans for students heading to college this fall. Senators voted 81 to 18 to lower interest rates for undergraduates taking out government loans this school year to 3.86% — cheaper than the 6.8% interest rate that kicked in on July 1. The new rates would be retroactive and apply to loans taken out after July 1. However, the bill has provisions for rates to go higher in coming years. It is expected to become law, with support from the White House and the House of Representatives, which will likely take up the bill in coming days. “This fall, all undergraduates, subsidized or unsubsidized, would only have to pay 3.86% interest rate for the life of the loan,” said Sen.
Source: http://money.cnn.com/2013/07/24/news/economy/senate-student-loans/index.html

By last May, it was approaching $1.2 trillion, making student loans the second-largest form of consumer debt after home mortgages, says Rohit Chopra, the ombudsman. In looking closer at the outstanding student loans, the CFPB estimates that 7 million student loan borrowers are in default on federal and private student loans. Its important to know the difference federal student loans have many benefits including fixed interest rates and a number of repayment options including income-based repayment plans. Private student loans typically have higher and variable interest rates and dont have as many repayment options. Many student-loan borrowers cant refinance their student loans or have limited options. So to reduce their borrowing costs, they make extra payments.
Source: http://www.roanoke.com/news/business/colorofmoney/2309168-12/problems-paying-off-student-loans-early-theres-help.html


Forex-euro Gains As Bearish Dollar Sentiment Persists

Due to this, Solar VPS allows you the ability to provision your VPS Forex accounts from one of four different locations within the United States. Those locations are Los Angeles, CA, Dallas, TX, Miami, FL and most important, New York City, NY. Having your Forex VPS provisioned in New York City means you have sub-microsecond access http://www.etftradingsignals.com/ to the major financial markets of the world. It means you dont have to worry about latency or lag when placing trades. Most importantly this means you have the ability to interact with the market before your competition on the other side of the world does.
Source: http://cloudcomputing.sys-con.com/node/2844767

Dmitri Chavkerov believes that by keeping the entire process of earning money boring, more success could be achieved. He considers it as one of the prime money principles that has profound impact over the monetary goals. “The process of money making should be very boring. The more boring it is, the more successful you will become. Most people are looking for excitement in their money making ventures. Excitement is good, but it should be looked for in other areas of your life.
Source: http://www.bizjournals.com/prnewswire/press_releases/2013/10/22/PH00921

The data, however, did not reflect the true picture because California continued to process a backlog of applications caused by computer problems. The dollar fell broadly, hitting a near nine-month low against a basket of currencies of 79.081. It was last down 0.1 percent on the day at 79.149. Weak U.S. jobs data on Tuesday suggested the U.S. recovery was not yet on a firm footing, while a drop in the 10-year U.S.
Source: http://uk.reuters.com/article/2013/10/24/markets-forex-idUKL1N0IE0RF20131024

“The disappointing tone of the euro zone data will suggest that the euro is looking toppy up here, and this should keep euro/dollar in check,” said Foley. In the United States, jobless claims fell less than expected in the latest week to a seasonally adjusted 350,000. The data, however, did not reflect the true picture because California continued to process a backlog of applications caused by computer problems. The dollar fell broadly, hitting a near nine-month low against a basket of currencies of 79.081. It was last flat on the day at 79.233. Weak U.S.
Source: http://in.reuters.com/article/2013/10/24/markets-forex-idINL1N0IE14O20131024

Nevertheless the Fed noted that economic activity has been expanding at a moderate pace.. No change is expected now, especially as there is no accompanying press conference. Tapering could be pushed back as far as April. NZ rate decision: Wednesday, 20:00.
Source: http://www.fxstreet.com/analysis/forex-weekly-outlook/2013/10/25/


Stocks Extend Rally On Hopes Of Budget Deal

Now, instead of picking the right stock and selling it at the right time, you have to make sure you pick a manager who can consistently beat the market after fees and those are few and far between. In fact, its pretty close to impossible. During the 1980s and 1990s bull markets, time seemed to heal all wounds. Yet the cost of those fees as they steadily compound ends up being real money, between 30% and 50% of your total return over decades. Think about that. If you manage to get a 10% return in the first year, your mutual fund fee seems like nothing.
Source: http://www.forbes.com/sites/mitchelltuchman/2013/10/11/how-to-invest-in-stocks-worry-free/

Dividend Stocks for the Next 100 Years

Wells Fargo ( WFC ) moved fractionally lower after a mixed earnings report. The mortgage giant made 99-cents a share for the quarter, 2-cents better than estimates. Revenue, however, missed the mark 10 best stocks to buy by almost $50-million for a total of $20.48-billion. Wells says its profits are up 13% from a year ago. That’s despite a slowdown in the mortgage business due to rising interest rates.
Source: http://finance.yahoo.com/blogs/hot-stock-minute/stocks-resume-rally-hopes-budget-deal-195953435.html

CORRECTED-US STOCKS-Wall St up on bipartisan talks, energy shares lead

Kutay Tanir | Vetta | Getty Images Largely Cramer thinks if you hold more than 10, you won’t be as informed as you need to be to succeed. “More than ten and you will likely start skimping on the homework , and that’s incredibly dangerous,” Cramer said. By homework, Cramer means the research that’s necessary to keep yourself abreast of all the catalysts in the market that can move the stock. It involves examining earnings reports , reading news stories, and parsing through Wall Street analysis. And that’s time consuming.
Source: http://www.cnbc.com/id/100765791

But we think that’s enough to take equities forward because cash and bonds don’t look like they’re going to offer very good returns over the next year.” With a partial government shutdown in its 11th day, House Republicans were prepared to offer a new deal featuring both an increase in the debt limit and an end to the government shutdown in return for spending cuts, according a report from the AP. The AP also reported that Senate Republicans have started work on a bipartisan solution to the debt ceiling and government shutdown crises after a meeting with President Obama. Majority want to toss entire Congress: Poll ) “This has been a powerful bull market and my sense is that most investors are seeing this as a glass half full so at the very least, we’ll get a six-week extension,” said Uri Landesman, president of Platinum Partners. Among earnings, JPMorgan topped Wall Street expectations . But overall, the bank posted a quarterly loss due to legal expenses, but it expects those costs to eventually abate and normalize.
Source: http://www.cnbc.com/id/101105784

Stocks: How many is too many?

Stanley Tools has been making things like hammers, tape measures, and wrenches since 1857, DeWALT has been making power tools since 1924, and Black & Decker has been making hand and power tools since 1910. In an industry that relies on consistency and quality, these names are top notch. Operationally, Stanley’s 2009 acquisition of Black & Decker is a hit and appears to have been a great deal for both sides. In the last three years the combined company has grown revenue 34.5%, and net income is up 342%. That’s in part because of the economic recovery, but it’s also a testament to how well the two companies fit together.
Source: http://www.fool.com/investing/dividends-income/2013/10/11/dividend-stocks-for-the-next-100-years.aspx

Stocks close near highs amid optimism over DC debt talks; S&P ends above 1700

All S&P sectors were up except consumer staples, which was only slightly down. Energy stocks led the S&P 500, up 1.1 percent after the Environmental Protection Agency proposed lowering the required amount of ethanol to be blended into U.S. gasoline after Thursday’s market close on Thursday. Among individual stocks, Tesoro Logistics LP shares were down 1.6 percent at $54.77 after regulators said initial investigations following a 20,600-barrel leak on Tesoro Logistics’ pipeline in North Dakota point to corrosion on the 20-year-old pipeline.
Source: http://www.reuters.com/article/2013/10/11/markets-usa-stocks-idUSL1N0I117D20131011?type=companyNews&feedType=RSS


Forex-dollar Pressured By U.s. Budget Deadlock

The government wants to change that by opening Mexico up to foreign oil firms. Investors are loving this. It bodes well for the peso. The Mexican peso has weakened by 9% since May, when tapering was first mentioned by the Fed. But the pesos decline was consistent with the general volatility seen in emerging markets over the summer.
Source: http://www.forbes.com/sites/kenrapoza/2013/10/09/in-forex-markets-mexican-peso-better-than-brazilian-real/

Forex: Dollar Directionless As Data Drought Drags On

Investors flocked to perceived safe havens like the yen and the Swiss franc, driving the dollar to it weakest since mid-August against the Japanese currency. As the U.S. government moved into the second week of a shutdown and an Oct. 17 deadline to increase the nation’s borrowing limit approaches, neither Republicans nor Democrats offered any sign of impending agreement on either the shutdown or the debt ceiling. Both blamed the other side for the impasse.
Source: http://uk.reuters.com/article/2013/10/07/markets-forex-idUKL1N0HX18120131007

Although Yellen is known for her dovish stance, which should ideally be dollar-negative, strategists said the decision fuelled risk sentiment and helped the dollar gain, especially against safe-haven currencies like the yen and the Swiss franc. Obama will announce his selection of Yellen later on Wednesday. If confirmed by the U.S. Senate, Yellen would replace Ben Bernanke, whose term ends on Jan. 31. The dollar index erased early losses thanks to the weaker yen, and was up about 0.5 percent at 80.245, edging away from the 79.627 trough hit last Thursday, a low not seen since early February.
Source: http://www.reuters.com/article/2013/10/09/markets-forex-idUSL6N0HZ10M20131009

FOREX-Dollar rises as Yellen tapped to be next Fed chief

By accessing the Yahoo! site, you agree not to redistribute the information found therein. Fundamental company data provided by Capital IQ . Historical chart data and daily updates provided by Commodity Systems, Inc.
Source: http://finance.yahoo.com/news/forex-strategy-aud-usd-long-123000051.html

Forex Strategy: AUD/USD Long, GBP/USD Short in Play

As people have turned to online dating services to meet their ideal match, forex traders can turn to stochastics as a way of making the trend the their friend again. Learn Forex: Stochastics Showing Entries in GBPUSD Uptrend (Created using FXCMs Marketscope 2.0 charts) In an uptrend on a daily chart, stochastics %K and %D lines moving below the horizontal 20 reference line and coming back above the 20 line indicates that the profit -taking correction is coming to an end. The stochastic crossing up also tells us that buyers are beginning to enter the market again. In addition, this shows that there is good support. How to Trade the Trend Using Stochastics Patience is the name of the game when attempting to trade with the trend.
Source: http://finance.yahoo.com/news/pinpointing-forex-trend-trade-entries-191300671.html

Pinpointing Forex Trend Trade Entries with Stochastics

It, however, said it is coordinating closely with authorities in other countries as multiple banks around the world are potentially implicated. Asked about FINMA’s consultations with Indian authorities on this matter or signs of Indian forex market manipulation , a FINMA spokesperson said: “Unfortunately I cannot give any further details…”. The UK accounts for the largest share of 40.9 per cent in the global forex markets, followed by the US at 18.9 per cent, Singapore at 5.7 per cent, Japan at 5.6 per cent, Hong Kong at 4.1 per cent and Switzerland at 3.2 per cent. While India’s share is only 0.5 per cent, the rupee figures among the 20 most traded foreign currencies globally. While a widening current account deficit (CAD) click and fears of capital outflows have been cited as majors reasons for the Indian rupee’s recent depreciation, it is believed that speculation in the non-deliverable currency forwards (NDF) market has also pushed down the currency.
Source: http://economictimes.indiatimes.com/markets/forex/rupee-other-forex-manipulations-face-global-regulatory-probe/articleshow/23604005.cms

Rupee, other forex manipulations face global regulatory probe

government will broker a last minute deal to avoid a messy default. Even the rating agencies are managing to buy in to the same train of thought – Moody’s Investor Service says there is a “very low” chance of a default occurring. Mind you, if the U.S. happens to miss a payment, the ratings agencies will likely respond by putting America in “selective default” until payments are made. However, a default is a default and if it happens it could end up impacting the U.S.’s cherished ratings. Previously, Moody’s and Fitch Ratings gave the U.S.
Source: http://www.chicagotribune.com/business/chi-nsc-forex-dollar-directionless-as-data-drought-drags-20131008,0,6762359.story


Obama Echoes No-negotiations Stance As Congress Deadlocks

“The White House’s refusal to negotiate is putting the nation at risk of default,” said Boehner spokesman Brendan Buck. “If we’re going to resolve this, we’re going to have to work together.” Potential consumers should not give up on the new health care exchanges because of initial computer glitches. Government officials “are working around the clock and have been systematically reducing the wait times,” Obama said. He is optimistic about new diplomacy with Iran, as the United States seeks a deal in which the Iranians would renounce any attempt to make the means to create nuclear weapons. “We’re not going to take a bad deal,” Obama told the Associated Press. “We are going to make sure that we verify any agreement that we might strike.” U.S.
Source: http://www.usatoday.com/story/news/politics/2013/10/05/obama-associated-press-interview-government-shutdown/2926989/

A link has been sent to your friend’s email address. 4 To find out more about Facebook commenting please read the Conversation Guidelines and FAQs This story is part of Barack Obama Obama: Shutdown hurts government operations David Jackson, USA TODAY 1:39 p.m. EDT October 7, 2013 Obama says FEMA furloughs are an example of the dangers of a government shutdown. President Obama at FEMA. President Obama protests the government shutdown during a visit to FEMA Obama told employees they are working ‘under less than optimal circumstances’ Obama says he’ll negotiate with Republicans after the government is reopened SHARE 6 CONNECT 29 TWEET 4 COMMENTEMAILMORE President Obama said Monday he is “eager and ready” to negotiate with Republicans on the budget and other issues, but not until the House GOP votes to reopen the government and increase the debt ceiling.
Source: http://www.usatoday.com/story/news/politics/2013/10/07/obama-shutdown/2936591/

Obama calls impact of government shutdown ‘heartbreaking’

His cancellation statement on Thursday showed his frustration at another domestic issue getting in the way of his Asia-Pacific aspirations: “This completely avoidable shutdown is setting back our ability to create jobs through promotion of U.S. exports and advance U.S. leadership and interests in the largest emerging region in the world.” Obama’s withdrawal is a gift for Putin and Xi. Putin, who was scheduled to follow Obama on the APEC speaking agenda, has as his conversation theme the evocative “Taking another look at the Asia Pacific: Where are the new opportunities for growth?” Xi is APEC’s final speaker and will deliver a keynote address entitled “China in transition: What can the Asia Pacific expect?” China’s economy may have slowed a little in 2013 and its structural employment, environmental and social issues present big challenges ahead, but it remains very much the regional engine of growth and its Asian neighbors know their prosperity is intimately linked to what happens in China. The U.S., of course, has enormous commercial advantages as a consequence of its recent shale gas energy revolution, but the current political impasse is putting stress on its reputation, and a debt default — however unlikely it may be — would be an enormous setback.
Source: http://www.cnn.com/2013/10/06/world/asia/apec-obama-xi-putin/index.html

Obama says Iran ‘a year or more away’ from having nuclear weapon

One-month bill rates climbed to as high as 0.162 percent, while rates on three-month bills touched 0.03 percent. Using the federal budget and debt ceiling as leverage in a policy debate is how the founding fathers designed the system, former House Speaker Newt Gingrich told Bloomberg Radio today. If you had better leadership you could probably avoid it, but the absence of leadership is pretty pathetic, said Gingrich, who was in charge of the House during a 21-day shutdown, the longest in U.S. history. Boehner said on ABC he doesnt intend to let the government default and he has told his members the same thing behind closed doors, even if it involves relying on Democratic votes, according to aides and lawmakers. Default Dangers Treasury Secretary Jacob J.
Source: http://www.bloomberg.com/news/2013-10-07/obama-echoes-no-negotiations-stance-as-congress-deadlocks.html

Rand Paul: Obama ‘Irresponsible’ To Suggest U.S. May Default

He said Democrats must accept changes to Obamacare before Republicans will agree to a budget deal. Providing fairness to the American people, under Obamacare, is all were asking for, he said. Mr. Obama dared Mr. Boehner to hold a vote.
Source: http://www.washingtontimes.com/news/2013/oct/7/white-house-takes-tough-line-default-threat/

Charles Schumer (D-NY) (R) leave a press conference on the government shutdown October 4, 2013 in Washington, D.C. (Photo by Win McNamee/Getty Images) Senate Democrats Senate Majority Leader Harry Reid (D-NV) (2nd L) speaks at a press conference on the government shutdown October 4, 2013 in Washington, D.C. (Photo by Win McNamee/Getty Images) Barack Obama President Barack Obama speaks about the government shutdown and debt ceiling during a visit to to M. Luis Construction, which specializes in asphalt manufacturing, concrete paving, and roadway reconstruction, Thursday, Oct. 3, 2013, in Rockville, Md.
Source: http://www.huffingtonpost.com/2013/10/06/rand-paul-obama_n_4053787.html

And so far, he’s been saying a lot of the right things. And the question now is, can he follow through? Obama said the U.S. should test whether Rouhani can present a plan that shows Iran is not pursuing nuclear weapons, but only peaceful nuclear energy. RELATED: OBAMA ASSURES ISRAEL: MILITARY OPTION ON IRAN STILL ON TABLE KHAMENEI OFFICIAL WEBSITE/EPA Irans Ayatollah Ali Khameni said he approve of President Hassan Rouhanis friendly outreach toward the West, but did not endorse his chat with President Obama. And weve got to test that, he said. We are going to make sure that we verify any agreement that we might strike. He defended sanctions as a way to put pressure on the Iranian economy and bring them to the table in a serious way to see if we can resolve this issue diplomatically. Irans supreme leader, the Ayatollah Ali Khamenei, said Saturday he approved of Rouhanis friendly outreach toward the West but drew the line at endorsing his chat with Obama.
Source: http://www.nydailynews.com/news/world/obama-iran-year-nukes-article-1.1477685

“I know that Republicans in the House of Representatives are hearing the same kinds of stories.” The standoff, which began at the start of the new fiscal year on Tuesday and shuttered all but essential government operations, is the latest in a series of budget standoffs between Obama and congressional Republicans. In the past, Republicans have insisted on spending cuts as the price for budget deals or lifting of the government debt limit. Their current stand is aimed at derailing Obamacare, which will expand insurance to millions without coverage. Republicans clicking here argue that the law is a massive government intrusion into private medicine that will cause insurance premiums to skyrocket. Obama and his fellow Democrats vow that they will make no such concessions in exchange for an agreement to reopen the government. A meeting between Obama and congressional leaders from both parties on Wednesday saw neither side budge.
Source: http://www.reuters.com/article/2013/10/05/us-usa-fiscal-obama-idUSBRE99403I20131005?feedType=RSS