$1 Trillion Student Loan Debt Widens Us Wealth Gap

Retirement saving is taking a hit, too. Although 37% of Millennials in the Wells Fargo study think that Social Security won't be available to them when they retire, only 49% are actually putting money toward retirement savings. The Pew studyalso notes that the financial hardship foisted upon Millennials by college debt is causing them to eschew marriage. Only 26% of this group were wed by age 32, the lowest percentage of any age cohort. Not that more info they are against marriage: Nearly 70% of unmarried Millennials named the lack of financial security is the reason for their single state. <br>Source: <a href='http://www.fool.com/investing/general/2014/04/05/the-11-trillion-student-debt-burden-is-paralyzing.aspx&#039; >http://www.fool.com/investing/general/2014/04/05/the-11-trillion-student-debt-burden-is-paralyzing.aspx</a&gt;

As well as running a series of competitions with monetary prizes, a main feature of the company is the 10-day grace period it offers to those whose official payments are delayed. He said: I was slapped with lots of extra fees when I missed my repayment I really could have done with 10 days to resolve that hiccup without incurring a charge. Despite graduating in law, 24-year-old Shreiffs entrepreneurial flare was evident from an early age when he picked up trinkets from markets on family holidays to Morocco and sold them online for a profit on his return. He said: It was a little hobby and a lot of fun but it really set the business side of me going. Now two years old, Smart-Pig is going from strength to strength. Employing three members of staff from its base in Clarendon Place, Leamington, the company currently loans to nearly 7,000 students at 100 universities. To be in with a chance of scooping the award, the nine finalists have to demonstrate a flair for innovation and show that they provide support to their debtors. Tom, aged 25, who graduated from the University of Warwick in 2011 with the Deans Award and a Hays Consulting prize nomination, believes they tick all the boxes: We have excelled in all the areas and have gone far beyond them in others, such as treating customers fairly. Shreiff added: If we win we would be absolutely over the moon. <br>Source: <a href='http://www.coventrytelegraph.net/news/coventry-news/smart-pigcom-start-up-student-loans-company-6923546&#039; >http://www.coventrytelegraph.net/news/coventry-news/smart-pigcom-start-up-student-loans-company-6923546</a&gt;

Those factors, along with stagnating family incomes and declining savings, have made student loans a much bigger part of funding higher education, Elliott said. Harvard Business Schools Michael Norton wonders whether greater public awareness of the widening wealth gap in the United States would hasten policy change. Norton conducted a 2011 survey that found that people tend to think wealth is more equally distributed than it is. Targeting the soaring cost of higher education, President Barack Obama in August proposed the most sweeping changes to the federal student aid program in decades. His plan would link federal money to new college ratings and reward schools if they help low-income students, keep costs low and have large numbers of students earn degrees. Lawmakers in Congress also are debating how to address the issue, including proposals to allow graduates with high-interest loans to refinance at lower rates. <br>Source: <a href='http://www.alaskajournal.com/Alaska-Journal-of-Commerce/April-Issue-1-2014-1/1-trillion-student-loan-debt-widens-US-wealth-gap/&#039; >http://www.alaskajournal.com/Alaska-Journal-of-Commerce/April-Issue-1-2014-1/1-trillion-student-loan-debt-widens-US-wealth-gap/</a&gt;

3 Dumb Student Loan Myths That Can Bankrupt Smart Borrowers – Forbes

However, it omits a key factor that most student loan borrowers dont take advantage of:Student Loan Forgiveness Programs. These are programs designed to eliminate your student loan debt for free. And its been estimated that roughly 50% of borrowers can qualify for some type of student loan forgiveness program. You just have to look. The most common student loan forgiveness programs are students who pursue the following careers: The Military Volunteer Work Medical Workers If youre considering entering these fields, see what programs you could qualify for. <br>Source: <a href='http://www.forbes.com/sites/robertfarrington/2014/04/04/3-dumb-student-loan-myths-that-can-bankrupt-smart-borrowers/&#039; >http://www.forbes.com/sites/robertfarrington/2014/04/04/3-dumb-student-loan-myths-that-can-bankrupt-smart-borrowers/</a&gt;

Advertisements

Oanda Tabs Gavin Ward And Louis Cooper To Head Greater China, Antipodean Markets

Must enter an email address. You must enter the verification code below to send. Invalid entry: Please type the verification code again. The Wall Street Journal news department was not involved in the creation of this content.
Source: http://online.wsj.com/article/PR-CO-20140331-909810.html

The investors said employees of the defendants would use such names as The Cartel, The Bandits’ Club and The Mafia to swap confidential customer orders and trading positions, and collude to set prices through such tactics as “front running/trading ahead,” “banging the close” and “painting the screen.” They also said the defendants have fired or suspended more than 30 employees in connection with possible price-rigging misconduct, including actions by Bank of America and BNP Paribas last month. Spokespeople for the banks either declined to comment or did not immediately respond to requests for comment. The lawsuit seeks unspecified damages, triple damages, and a halt to alleged collusive conduct. Some of the other plaintiffs are based in California, Connecticut, Massachusetts, Oklahoma, Pennsylvania, Puerto Rico and the Cayman Islands. The case is In re: Foreign Exchange Benchmark Rates Antitrust Litigation, U.S. District Court, Southern District of New York, No.
Source: http://www.reuters.com/article/2014/04/01/us-forex-lawsuit-idUSBREA301WC20140401?feedType=RSS

The Swiss Competition Commission for the first time named the banks it was scrutinizing. It cited the two largest Swiss banks, UBS and Credit Suisse, along with Zurich Cantonal Bank, Julius Baer and JP Morgan Chase, Citigroup, Barclays Bank and Royal Bank of Scotland Group. “There are indications that competition agreements for the manipulation of exchange rates have been made in Forex trading between banks,” the commission known as WEKO said in a statement. The alleged coordination, it said, might include the exchange of confidential information, transactions with other market participants at agreed price levels and coordinated actions to influence a foreign exchange benchmark. “Based on the information currently available to the competition commission, authorities believe that the most important currencies are affected,” WEKO said, adding that it “cannot exclude” other banks and brokers also may have been involved. Credit Suisse said it was “astonished’ by the allegations, and noted it was not subject to WEKO’s preliminary investigation into various banks.
Source: http://abcnews.go.com/International/wireStory/swiss-investigating-banks-forex-market-23124655

GBP/USD: Doji Signals Indecision Near 1.6660/70 mark Daily Chart – Created Using FXCM Marketscope 2.0 Similarly on the four hour chart; several Dojis during intraday trade are further evidence that traders are questioning the ability of the Pound to push higher. GBP/USD: Dojis Denote Deliberation Amongst Traders 4 Hour Chart – Created Using FXCM Marketscope 2.0 The ominous Dark Cloud Cover formation on the weekly at multi-year resistance also remains on the radar, and is threatening a more significant correction ahead for the Pound. A potential target is offered by the 23.6% Fib Retracement Level near 1.6350. However, a Piercing Line pattern has also recently emerged and although it awaits confirmation, it suggests the bulls havent given up on the pair just yet. GBP/USD: Bulls Return As Piercing Line Forms on Weekly Weekly Chart – Created Using FXCM Marketscope 2.0 By David de Ferranti, Market Analyst, FXCM Follow David on Twitter: @Davidde To receive Davids analysis directly via email, please sign up here . DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.
Source: http://www.dailyfx.com/forex/technical/candlesticks/gbp-usd/2014/04/01/Forex-Strategy-GBPUSD-Doji-Suggests-Indecision-Amongst-Pound-Traders.html

This means that the volatility of the market today actually helps people trade the markets and make a real and substantial profit. This program works in todays emotion driven, frightened FOREX market as the technology used in Forex Strategy Master analyzes larger amounts of data at faster speeds than has ever been known before. A few hours is all people need to understand exactly how Forex Strategy Master works, and they can then start trading; the system is simple to learn no matter what their level of FOREX trading knowledge. People only need to spend minutes of their precious spare time means that even the most time starved individuals can take advantage of making money trading FOREX.
Source: http://www.ssuchronicle.com/2014/04/01/forex-strategy-master-review-scam-or-truth/

Signal Automation Recognition Alert (S.A.R.A) turns an information people benefit from a Dynamic Positioning Indicator into a fast process of creation critical wealth. People also learn accurately how to use a MetaTrader4 Platform to their personal full advantage to make limit profits. >> Click Here to Get Instant Access to Forex Strategy Master << A Forex Strategy Master examination reveals that this FOREX trade complement is privately designed to win in todays uneasy times. This means that a sensitivity of a marketplace currently indeed helps people trade a market and make a genuine and estimable profit. This module works in todays tension driven, fearful FOREX marketplace as a record used in Forex Strategy Master analyzes incomparable amounts of information during faster speeds than has ever been famous before. A few hours is all people need to know accurately how Forex Strategy Master works, and they can afterwards start trading; a complement is elementary to learn no matter what their turn of FOREX trade knowledge.
Source: http://www.ssuchronicle.com/2014/04/01/rush-horns-forex-strategy-master-review-plus-100-bonus/

“Based on the information currently available, the competition authorities believe that the most important currencies were affected by this behavior,” the commission said in a statement. Swiss banks UBS ( UBS ), Credit Suisse ( CS ), Julius Baer ( JBARF ) and Zurcher Kantonalbank are under scrutiny, as are four global banks — JP Morgan Chase ( JPM , Fortune 500 ), Citigroup ( C , Fortune 500 ), Barclays ( BCS ), and Royal Bank of Scotland ( RBS ). And it may not end there. “The competition authorities cannot exclude at this stage that other banks and financial intermediaries (brokers) were involved in the alleged agreements,” authorities said. Google+ Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET.
Source: http://money.cnn.com/2014/03/31/news/swiss-forex-probe/index.html

We have shown strong growth in APAC year-over-year and continue to support our customers in these important markets. Given their expertise and insights, I know both Gavin and Louis will elevate our profile, our forex and CFD offerings, and help to define our fxTrade platform as the best choice for investors in each region. Indeed, the Chinese and Antipodean markets have been a boon or bust market in recent years, owing to a variety of factors. Most recently, New Zealand has taken measures to help foster greater transparency across forex and financial reporting, which could ultimately serve as a greater incentive towards market growth. Gavin Ward To Head Greater China Operations Gavin Ward Head of Greater China OANDA Corporation To this end, Gavin Ward represents the ideal candidate moved here to help manage OANDAs interests in these regions, having built a vast resume across the financial services industry in both Europe and Asia previously. Ward will be based out of OANDAs Asia-Pacific office, located in the global forex hub of Singapore this close proximity to Greater China will ensure he is strategically placed to handle and culture OANDAs growth and exposure in the region. Ward has previously worked at CMC Markets as the Director of Asia, along with serving as a member of the companys Global General Executive Committee.
Source: http://forexmagnates.com/oanda-tabs-gavin-ward-and-louis-cooper-to-head-greater-china-antipodean-markets/