Keyword: debt
-
Original article was published by The Daily Beast earlier this month. If you don't care to go to the original, these are the top 10: Texas A& M Stanford University University of Wisconsin Florida State University University of North Carolina, Chapel Hill University of Florida Brigham Young University University of Georgia University of Texas, Austin Kansas State University
-
The Iraqi soldiers tell of how they can hardly live with the shame of their rout under the onslaught of the Islamic militants. Their commanders disappeared. Pleas for more ammunition went unanswered. Troops ran from post to post only to find them already taken by gunmen, forcing them to flee. “I see it in the eyes of my family, relatives and neighbors,” one lieutenant-colonel who escaped the militants’ sweep over the northern city of Mosul told The Associated Press. “I am as broken and ashamed as a bride who is not a virgin on her wedding night.”
-
It's highly unlikely that Congress will reform Social Security any time soon. But there is a near-term cash crunch in one part of Social Security that lawmakers must resolve in the next year or two. The trust fund for Social Security disability benefits, which is separate from the fund for retirement benefits, is on track to be insolvent -- most likely by the end of 2016 but no later than 2017. So unless Congress acts to replenish the fund beforehand, the program will only be able to pay an estimated 80% of promised benefits to 8.8 million disabled workers, plus...
-
Hey, young adults, living at home with Mom and Dad isn’t the end of the world — if you follow the right advice. As it goes, reports the U.K.’s Daily Mail, nearly 30 percent of adults under age 35 are living at home with their parents. Why? Well, the economy continues to sputter along, producing few entry-level jobs that allow young college graduates to get their careers underway. And thanks to soaring tuition costs, there is the record amount of college-loan debt that young people are carrying. Nearly 37 million young Americans owe more than $1 trillion in student-loan debt...
-
Argentina's president has said that she would refuse to comply with a U.S. judge's order to pay $1.5 billion to winners of a decade-long legal battle over defaulted debt after the U.S. Supreme Court refused to hear her government's final appeal. [....] Under the U.S. court orders, Argentina must hand over $907 million to the plaintiffs before June 30, or lose the ability to use the U.S. financial system to pay an equal amount to holders of other Argentine bonds.
-
What would you say if I told you that Americans are nearly 60 TRILLION dollars in debt? Well, it is true. When you total up all forms of debt including government debt, business debt, mortgage debt and consumer debt, we are 59.4 trillion dollars in debt. That is an amount of money so large that it is difficult to describe it with words. For example, if you were alive when Jesus Christ was born and you had spent 80 million dollars every single day since then, you still would not have spent 59.4 trillion dollars by now. And most of...
-
This advice is worth what you paid for it. You see, after 90 days of not paying on a credit card, the bank charges it off and sells the debt along with hundreds or thousands of others to a collection agency for 1/100th of the value of the original debt. The debt buyer then tries to collect from the debtor and they keep all the money they can collect. They will take you to court and try and garnish your wages for 6 to 8 or 12 years. That’s when you ask the court to force the new debt holder...
-
The United States spent more than $3 million on eight patrol boats for the Afghan police, according to an internal audit released Thursday. That sentence is surprising for a few reasons: 1. Afghanistan is landlocked. 2. Not a single boat has arrived in Afghanistan, even though the purchase was made in 2010. 3. That works out to be more than $375,000 per boat. Similar boats in the United States are typically sold for about $50,000.
-
An unsurprising yet groan-inducing addendum to the empty gestureexecutive order President Obama so magnanimously introduced this week to allow millions of student-loan borrowers to cap their monthly payments at 10 percent of their current income and then be fully forgiven after 20 years — a “favor†to borrowers to lessen their burdens that will, in the long run, only serve to inflate future tuition prices and borrowing costs ever further. I missed this on Monday, but the WFB didn’t:CLICK ABOVE LINK FOR THE VIDEO SECRETARY OF EDUCATION ARNE DUNCAN: We actually don’t know the cost yet. Obviously we have...
-
10) In six short years as president, Obama has taken the Democratic Party from the One to done. While it’s way too early to write off the party even for 2014, the wounds created by supporting this colossal bozo will be even longer to heal than the wounds inflicted by Jimmy Carter. Obama said way more then he knows when he admitted that the problem is he’s president not emperor. 9) Remember when the Fawning News Media said that comedians would have a tough time making fun of Obama because he was so serious, so perfect, so black? Well the...
-
There are plenty of problems with American higher education: Its price keeps rising rapidly, some qualified students still don’t have access to it, and others end up at institutions for which they are ill suited. President Obama proposed a plan this week to enable existing student-loan borrowers to lower their payments, which addresses none of these concerns. Student debt is a real problem, but the cost of college is a much bigger one, and this is a temporary salve, applied unevenly. A number of federal programs already limit annual payments on recently issued student loans to a certain percentage of...
-
White House: In this week's address, President Barack Obama underscored the importance of helping to lift the burden of crushing student loan debt faced by too many Americans and......
-
Officials at all levels of government are banking that Metro Transit's $957 million investment will do more than simply shuttle existing bus riders in fancier vehicles between the downtowns of St. Paul and Minneapolis when it debuts June 14. They are counting on light rail to be a catalyst -- an economic game-changer for downtown St. Paul and much of University Avenue. Both areas have lost industry since the 1970s. The city as a whole lost 13.4 percent of its employment from 2000 to 2011, a period during which the U.S. shed 2.2 percent of its jobs, according to Wilder...
-
Taxpayers paid more than $5 million to create climate change games, including voicemails from the future warning that “neo-luddites” will kill global warming enthusiasts by 2035. Columbia University’s Climate Center has received $5.7 million from the National Science Foundation for the university’s “PoLAR Climate Change Education Partnership,” to “engage adult learners and inform public understanding and response to climate change.” Based on the theory that games “motivate exploration and learning of complex material,” the school created “Future Coast,” a website that features hundreds of made up voicemails painting a dire picture of the future as a result of climate change....
-
Maggie is a straight-laced, straight-A student studying to become an international affairs lawyer, who will graduate debt-free all thanks to the unusual way she pays her tuition. Maggie, 23, a double-major in Spanish and political science, is a student by day and a stripper by night. Every other weekend, Maggie, who asked that her last name not be used, takes the three-hour ride from her college in Maryland to Manhattan, where she performs at a dance club called Scores. “I have a class that ends at 5:30, hop on a bus at 6:00, and be at work by 8:30,” Maggie...
-
The Democratic chairwoman of the powerful Senate Appropriations Committee moved aggressively Thursday to use gimmicks to fill in an unexpected $4 billion gap in the budget. Mikulski's maneuver came after congressional scorekeepers surprised lawmakers by predicting that the Federal Housing Administration will produce $4 billion less in revenues from the mortgages it insures than the administration believes. Sen. Richard Shelby said Mikulski's maneuvering amounted to an end run around a December budget pact between Senate Budget Committee Chairman Patty Murray, D-Wash., and House Budget Chair Paul Ryan, R-Wis. that replaced some automatic cuts to agency operating budgets with new fees...
-
The cash-strapped Illinois government has found a new use for its fleet of aircraft – flying birds into Illinois. I kid you not. State aircraft are flying to Kansas and transporting prairie chickens back to the Land of Lincoln. And at a time state lawmakers are looking at raising the state income tax, Illinois state employees have been hiking across Kansas trapping these chickens. Talk about fowl fiscal deeds.
-
Yesterday we provided a detailed breakdown of the cost aspects of a college education, particularly for young people who have no choice but to fund their education with student debt, a key part of the equation that the San Fran Fed in its particular cost-benefit "analysis" of college education avoided.There is much information in the post, but one particular aspect of the Pew analysis that the article was based on, bears repeating and highlighting for all those less than "1%" young Americans debating whether a college education is worth the tens if not hundreds of thousands of dollars in...
-
Earlier this week, House and Senate conferees agreed to final language for the Women’s Economic Security Act (WESA). While most of the attention has focused on the bill’s family and sick leave provisions, one particularly bad policy provision has attracted little attention. Specifically, WESA lays the groundwork for a “state-administered retirement savings plan” for employees in the private sector. Yes, this would essentially be a government-run retirement plan controlled by the State Board of Investment. The ramifications of such a plan could be devastating for private sector employees as well as taxpayers who would likely be on the hook for...
-
If you think you need a bachelor's degree to have a lucrative career, think again. Yes, it's true that those with a bachelor's typically earn more than those without one — but it's certainly not always the case. A new report by the career-guidance website CareerCast found that there are plenty of high-paying jobs — including commercial pilot and registered nurse — that don't require four years of college. They do, however, require specialized training. "There's no question that college graduates with four-year degrees are very likely to earn almost $1 million more in compensation through the course of their...
|
|
|