Taxpayers on the Hook for Risky Student Loan Bet
In early 2010 at the urging of the Obama administration, Congress forced the private sector out of the student loan business. Two-and-a-half years later the Department of Education owns the majority of the student loan market, and America’s taxpayers own the accompanying risk. Josh Mitchell writes in the Wall Street Journal: The federal government now provides the bulk of student loans. Federal loans accounted for more than 90% of all student borrowing in the 2010-2011 academic year, according to the College Board. Nonfederal loans—including those issued by states, banks and credit … [Read more...]
VIDEO: Sam Zell- You Can’t Make Business the Bad Guy
Recession Pending? This Indicator Says Yes
One economic indicator we’ve been watching at Young Research is the Ceridian-UCLA Pulse of Commerce Index. The Index is a leading indicator compiled using real-time data measuring the quantity of fuel being purchased for over the road trucking around the country. The more the economy accelerates, the more goods will need to be moved from production facilities and warehouses to retail outlets and final consumers. Measuring truck fuel consumption can provide analysts with a sneak-peak at demand trends throughout the economy. So what is the index saying? You can see on our first chart that the … [Read more...]
VIDEO: ECB Is `Only Game in Town’ to Help Europe Crisis
May 30 (Bloomberg) -- Luke Spajic, head of European credit portfolio management at Pacific Investment Management Co., talks about the role of the European Central Bank in stemming the sovereign debt crisis, Greece's euro prospects and his investment strategy. He speaks with Caroline Hyde on Bloomberg Television's "The Pulse." (Source: Bloomberg) … [Read more...]
VIDEO: Argentines Suffer as Leaders Eschew Free Market Model
In Argentina the Apple computer stores are almost empty. Imported Parma hams, and French cheeses, are not being allowed into the country. Even vital materials for Argentina's automobile and pharmaceutical industries are unavailable. It's all part of government crackdown on foreign imports to the country to stimulate local industry and protect the trade balance. Al Jazeera's Lucia Newman reports from Buenos Aires. … [Read more...]
Don’t Miss the Boat this Summer
You will have plenty to see and do in Newport, RI this summer. Fresh Breeze for Newport By DEBORAH MARCHINI| Friday, May 18, 2012| Barron's Online The America's Cup World Series, promising lots of thrills, chills, and spills in fast, small boats, is coming this summer to the Rhode Island resort famous for sailing -- and huge showplace "cottages" put up by the Gilded Age elite. Where salty breezes blow, money often follows. Europeans have the French Riviera. Asians have Bali. The American equivalent may well be Newport. As far back as the 1800s, this Rhode Island coastal town was a favored … [Read more...]
VIDEO: Ross – NatGas to Triple in Price
Wilbur Ross, WL Ross & Co. chairman & CEO, expects natural gas and Europe to bounce back. … [Read more...]
What We’re Reading 5-18-12
Recession added debt, drained families' savings, Christine Dugas, USA Today Time to Admit Defeat Greece Can No Longer Delay Euro Zone Exit, Der Spiegel Iranians Have Democratic Values, Yuval Porat, The Wall Street Journal African child mortality, The best story in development, The Economist A DVR Ad Eraser Causes Tremors at TV Upfronts, Brian Stelter, The New York Times … [Read more...]
VIDEO: Time to Break Up Big Banks?
CNBC: Regulators should encourage big banks to restructure themselves, says Sheila Bair, Pew Charitable Trusts and former FDIC chair, explaining why she sees the U.S. banking system as "vulnerable." … [Read more...]
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