Congress failed to take action and strike a deal on federally subsidized Stafford student loan rates, causing them to double from 3.4 percent to 6.8 percent. It’s possible for lawmakers to pass a bill that would undo the damage that’s been done. According to the Joint Economic Committee, students – if Congress fails to act […]
According to the latest research, families are not saving enough money for college, students are deeper in debt and about 13 percent of college graduates owe $50,000 or more for their education. The research’s bottom line is that the miseries of college debt continue to get worse even with attention being paid to the ever-increasing […]
The Congressional Budget Office sent out a report that warned a fiscal cliff could lead the U.S. economy into another recession during 2013 and drive the unemployment rate up over nine percent. It also said there would be a .5 percentage point drop in economic output should Congress fail to act in preventing tax increases […]
Home prices across the U.S. are on the rise, making a huge 4.6 percent leap in August from August 2011. This is the biggest leap seen in six years. According to CoreLogic, a real estate data provider in Irvine, the 4.6 percent increase is the largest seen since July 2006. The measurement also noted a […]
U.S. stocks rose, cutting down the largest monthly decline for the Standard and Poor’s 500 Index since August 2010, amidst suspicion on additional assistance for Greece. Despite weaker anticipations on regional manufacturing, consumer confidence and home prices, 30 components of the Dow Jones Industrial Average and all S&P 500 sectors posted positive figures. Health care […]
This week, Asian currencies posted better performance amid speculation that borrowing costs will be continuously increased by central banks for each region in order to control inflation. The Singaporean dollar posted a record while a 13-year high was attained by the ringgit of Malaysia. The highest level for the Bloomberg-JP Morgan Asia Dollar index was […]
Just when we think that all the hype and excitement over the announcement that Apple CEO Steve Jobs is taking a leave of absence, another big name in the computer and internet industry makes another big announcement. This concerns Google Inc and it’s all about CEO Eric Schmidt stepping aside and giving his post to […]
Wall Street has promising predictions for the market as they see clearer skies ahead and another week of gains – the fourth consecutive to be exact. This predication was based on the stock index performance that set out a good start at the beginning of the holiday season. As of the month of December, stocks […]
The APEC Summit has finally ended last Sunday after four days of the annual conference meeting which comprised of presidents from the world’s strongest economies. The participating countries are now proud to be one step closer to solving the global fiscal crisis which is considered to be one of the most pressing global issues to […]
Once again, the Dow Jones industrial average reached yet another record trading level high of the year. This has resulted to a narrowly mixed stock by the end of Monday, November 1, 2010. This is the 3rd time in two consecutive weeks that the Dow Jones close down to its highest average of the year, […]