Undergrads Around The World Face Student Loan Debt

Many of those defaulting may simply not know about the federal forbearance programs. They are paralyzed by the magnitude of the situation. Some bury their heads in the sand and hope the loan will go away, says Paul Combe of American Student Assistance, a nonprofit group that helps students plan their debt. Despite all that, a college degree is still worth it, even if you have to borrow. The median pay for a high school grad is $36,000 per year.
Source: http://www.stltoday.com/business/columns/jim-gallagher/are-student-loans-the-next-big-bust/article_b371a567-6336-51ea-913f-47242585a289.html

With education-focused interest groups and policy experts set to debate key aspects in the coming months, Chopra urged financial regulators and bankers to make their views on student debt known if they wish to deal with what he described as a repayment problem, among other issues. With some 40 million borrowers owing an average of $30,000 in student debt, according to Chopra, the stakes are high. It would be irresponsible for financial regulators and economic policymakers to ignore the existing trillion, Chopra said, in reference to unpaid student loan bills. We must resist the temptation to address these concerns solely through an education policy lens, when, in fact, they may require very significant attention from financial regulators and the financial services industry, Chopra added. The impending reauthorization of the Higher Education Act may present an opportunity for creating a better functioning student loan market. Chopra’s recommendations suggest that financial regulators, led by the CFPB, may seek greater influence over the reauthorization of the Higher Education Act. The Education Department, according to congressional aides and borrower advocates, usually dictates http://www.obamastudentloanforgiveness.net the debate.
Source: http://www.huffingtonpost.com/2013/11/18/student-loan-data_n_4299000.html

The numbers give pause since estimates show more than $1.2 trillion in student loan debt exists in the US, more than Americans owe on credit cards. Yet officials and experts point out that there are various ways of accounting for how the US Department of Education runs the student loan program, and that calling this pure profit is misleading. The profit number is ultimately tallied by the Congressional Budget Office (CBO) and in what way the CBO chooses to account for the cost of the loan programs can differ. The CBO has traditionally used a procedure mandated in the Federal Credit Reform Act (FCRA) of 1990 to assess the costs of the governments six loan programs. The method can produce large numbers cited in news reports of late about the wild profits off student loans. But the CBO has acknowledged FCRA doesnt account for cost of market risk, or economic activities that affect if and how borrowers pay back loans.
Source: http://rt.com/usa/student-loans-government-profit-292/

The loans, which were taken out between 1990 and 1998, are likely to be sold for significantly lower than their market rate. Universities Minister David Willetts announced plans to sell the loans in March, saying the “mortgage-style” student loans will “allow us to reduce public debt and maximise the value of one of the government’s assets. A fresher at Manchester university browses books at a secondhand stall. Student loans from 1990 to 1998 will be sold to a private debt collection agency on Monday “The private sector’s expertise makes it well placed to collect this debt and the sale will also help the Student Loans Company to concentrate on providing loans to current students.” Many whose loans will be included in the sell-off took to Twitter on Sunday evening to voice concern about the plans to sell the loans to a debt collection agency. I wish there was a way I could stop them selling off the student loan book, it’s lunacy. Loooooooonacy!
Source: http://www.huffingtonpost.co.uk/2013/11/24/student-loans-sell-off_n_4333887.html?ir=UK+Universities+%26+Education

“It is quite unfathomable for most Europeans that you would start your adult life tens of thousands of dollars in debt,” says Oberle, who researched higher education systems in countries such as the U.K., Hungary, Argentina and Turkmenistan for her book “College Abroad.” “People always seem stunned that the American system even sustains itself under the current conditions,” she says. While American student loan debt shows no signs of slowing down, some lawmakers are attempting to streamline the repayment process by taking a page from the U.K. [Read up on student loan repayment options in the U.S. ] Monthly student loan payments in the U.K. are automatically deducted via a payroll withholding, similar to taxes or social security in the U.S.
Source: http://www.huffingtonpost.com/2013/11/20/student-loan-debt-around-the-world_n_4299782.html

Global Stocks Extend Gains On Promise Of Stimulus

The Best- And Worst-Performing Biotech Stocks, Nov. 8 to Nov. 15

The Australian dollar was up 0.42 percent at $0.9364, while the New Zealand dollar rose 0.65 percent to $0.8328. what is the best stock to buy? The euro was up 0.19 percent at $1.3485, below a one-week high of $1.3497 touched on Thursday. It remains under pressure from the disparity between the U.S. and European economies – underlined by weak euro zone GDP numbers on Thursday, which kept alive the possibility of more central bank action to stimulate growth.
Source: http://www.reuters.com/article/2013/11/15/us-markets-global-idUSBRE96S00E20131115

Stocks’ record run continues

15 Follow Comments Following Comments Unfollow Comments These are the best and worst-performing medical and biotech stocks from from Nov. 8 to Nov. 15. This screen includes biotechnology and medical companies traded on the New York Stock Exchange, the Nasdaq or the American Stock Exchange that had market capitalizations of more than $300 million as of a week ago.
Source: http://www.forbes.com/sites/matthewherper/2013/11/16/the-best-and-worst-performing-biotech-stocks-nov-8-to-nov-15/

An employee of a foreign exchange trading company looks at monitors in Tokyo November 15, 2013. REUTERS/Toru Hanai

Exxon Mobil, a member of the Dow, rose $2.05, or 2.2 percent, to $95.27. Investors may be getting more comfortable with the prospect of the Fed cutting back on its stimulus as long as the economy is also improving, said Jim Dunigan, a managing executive at PNC Wealth Management. The path of least resistance (for stocks) seems to be higher right now, Dunigan said. The stock markets biggest setbacks this year have come when investors worried that Fed policy makers were close to paring their $85 billion per month in bond purchases, which are intended to keep interest rates low.
Source: http://www.kansascity.com/2013/11/15/4624745/stocks-record-run-continues.html

Buying stocks may not need a hefty budget – Find out how

More rotation means more money and this will hold true even if the profit percentage is low. Always place a limit order While buying the stocks from the best penny stocks, make sure that you place only the limit order and not the market order as the later one will get you stocks at higher price in some cases. Thus, dont lose the control on your stocks and always keep it in limit order mode. Start investing in the best penny stocks with the above tips to double your money in very short time.
Source: http://www.smallcapnetwork.com/Buying-stocks-may-not-need-a-hefty-budget-Find-out-how/s/via/27190/article/view/p/mid/1/id/1/

Obama, Area Officials Mark Veterans Day

WASHINGTON — President Obama pledged Monday to honor the nations debt to its military veterans by improving healthcare, job support and educational opportunities for those who have served. In his annual Veterans Day address at Arlington National Cemetery, Obama declared that the war in Afghanistan is coming to a close but vowed that the commitment of the U.S. government to the men and women in uniform will continue. Also The bond between a World War II veteran and his granddaughter Even as we make difficult fiscal choices as a nation, were going to keep making vital investments in our veterans, Obama told a group of veterans, joined by their friends and family members. Thats our promise to you and all who have served — to be there, to support you when you come home, every step of the way. This winter, troop levels in Afghanistan are on track to be down to 34,000.
Source: http://www.latimes.com/nation/nationnow/la-na-nn-obama-veterans-day-address-20131111,0,2118963.story

Limbaugh: Obama’s health care fraud ‘greater’ than Madoff,’ ‘impeachable’ [AUDIO]

Obama paid special attention to the recent sacrifices of the “September 11” generation of American troops, who enlisted after the attacks by Al-Qaeda on New York and the Pentagon in 2001. “Today we can say that because of their heroic service, the core of Al-Qaeda is on the path to defeat, our nation is more secure, and our homeland is safer.” Obama’s changing rhetoric on Al-Qaeda has encapsulated the evolving threat from the organization and its affiliates. Before his re-election race last year, Obama often said the extremist group was “on the run,” had seen its leadership “decimated” or was “on the path to defeat” due to his anti-terror policies. But these days his terminology is more circumspect following a string of attacks by Al-Qaeda inspired or affiliated groups in Africa, Syria and elsewhere, despite the US success in largely dismantling the senior leadership that plotted the September 11 attacks. At Monday’s ceremony, Obama also highlighted the remarkable life of 107-year-old World War II soldier Richard Overton, believed to be the oldest remaining American veteran of the conflict. “He was there at Pearl Harbor when the battleships were still smoldering,” Obama said, of Overton, an African American.
Source: http://news.yahoo.com/veterans-day-obama-looks-end-afghan-war-195958797.html

Veterans Deserve the Nations Sustained Support By Lisa Lerer November 11, 2013 President Barack Obama honored U.S. service members at a Veterans Day ceremony at Arlington National Cemetery this morning, urging the nation to increase their support for veterans of the countrys most recent wars. Obama highlighted the service of the 9/11 generation, saying that after their many tours of duty a decade of war in Afghanistan was finally ending. Even though this time of war is coming to a close, our time of service to our newest veterans has only just begun, he told an audience of veterans and their families. Even as we make difficult fiscal choices as a nation we are going to keep providing support for our veterans. Obama also laid a wreath at the Tomb of the Unknowns. He was joined by first lady Michelle Obama, Vice President Joe Biden and his wife, Jill.
Source: http://www.businessweek.com/news/2013-11-11/obama-says-u-dot-s-dot-veterans-deserve-the-nation-s-sustained-support

Obama’s politically “dysfunctional” America is capable of understanding itself. And she is irritated by stereotypes like “Obama, the Angel of Peace.” An English translation of Mr. Kornelius’s book, bearing the added words “The Authorized Biography” on its jacket, is scheduled for publication this week in the U.S. The book’s “authorized” aspect was legitimized by Mrs. Merkel’s presence at the Berlin launch party for the original German edition. All of this came before the disclosure that the U.S.
Source: http://online.wsj.com/news/articles/SB10001424052702304644104579191371188576010

It is a blessed holiday, he added. Put the flag out and say, Thank you for your service. Just one American to another one. Duggan, a Bethesda resident, was wounded in Vietnam and said he still suffers from what he calls the invisible scars of war. Fifty years after the war, theres still some of it left, he said. Its not only the scars I have all across my shoulders from having been hit by shrapnel . . . but its also right up here too, he said, pointing to his head.
Source: http://www.washingtonpost.com/local/obama-places-wreath-at-tomb-of-the-unknowns/2013/11/11/2968b032-4aed-11e3-9890-a1e0997fb0c0_story_1.html

It is happening exactly as it was designed. With that in mind, Limbaugh argued Obama knew that was the case all along and called the sales pitch Obama used to push for the laws passage fraud and impeachable. I mean, Im sure that they would love it if you would happily give up your current policy, if youd happily pay higher costs so that other people can be insured, Limbaugh said. Im sure theyd like that, dont misunderstand.But the chaos, the confusion, the fact that youve got nowhere to go other apply for student loan forgiveness act of 2012 than the exchange now, thats exactly as designed. They dont want an option where you keep your plan available to you. This is why the nature of Obamas lie is so profound and huge and personal and impeachable, if you ask me.This lie, that you can keep your plan if you like it and keep your doctor, folks, thats fraud. The conservative talker contended this was a level of fraud that affected more people than Madoff. It is arguable now who committed the greater fraud, Bernie Madoff or Barack Obama, he continued.Madoff defrauded a few.
Source: http://dailycaller.com/2013/11/11/limbaugh-obamas-health-care-fraud-impeachable-audio/

Etf Periscope: Is China’s Resilience Enough To Attract New Investors?

The product was also heavy on financials and telecom with almost the same allocation as that of FTSE index. However, the ETF still maintained its focus on large cap exposure with the new index. Bottom Line Clearly, there are some differences between the old and new benchmarks, suggesting modest change for many investors. The larger number of securities and greater country exposure seem to be the real key. Nevertheless, the old and new indexes are quite comparable in terms of sector and individual companies. The ETF remains an interesting option for investors seeking wide exposure in the global ex-developed market.
Source: http://www.marketintelligencecenter.com/articles/364287

mutual fund company, said on Monday that Gregory Davis, a major force behind the launch of bond exchange-traded funds, will become the chief of its fixed-income group, which has $750 billion in assets. Davis, 43, will replace Robert Auwaerter, who is retiring in March after more than 30 years with Vanguard, where he oversaw exponential growth in bond assets. Davis is currently Vanguard’s chief investment officer in the Asia Pacific region and director of investments in Australia. He has played a major role in helping Vanguard successfully launch bond ETFs such as the Vanguard Total International Bond ETF. That fund has nearly $700 million in assets since its http://www.etftradingsignals.com/ launch just six months ago, Vanguard’s chief investment officer, Tim Buckley, said. Auwaerter, 58, is credited with playing a major role in taking Vanguard from a bond backwater in the 1980s to a global powerhouse.
Source: http://www.reuters.com/article/2013/11/04/funds-vanguard-bonds-idUSL2N0IP0TG20131104?feedType=RSS

Insightful. Trusted. Morningstar provides stock market analysis; equity, mutual fund, and ETF research, ratings, and picks; portfolio tools; and option, hedge fund, IRA, 401k, and 529 plan research. Our reliable data and analysis can help both experienced enthusiasts and newcomers. Copyright 2013 Morningstar, Inc.
Source: http://www.morningstar.com/articles/collection/567-etf-weekly.aspx

Emerging ETF Rises as Vale Jumps on China’s Economic Data

The Dow Jones Industrial Average (DJIA) ended in the black by the thinnest of margins as it ended the week up a mere 0.3%. The S&P 500 Index (SPX) made it into the plus column as well, but just barely, as the benchmark index gained 0.1%. Meanwhile the Nasdaq Composite (COMP) landed in the red zone, shedding 0.5% for the week. What is more worthy of note, however, would be the bottom line for the equity market in October. The Dow climbed 2.8% for the month, while the Nasdaq ended up adding 3.9%. The best performer of the lot was the SPX, which ended up 4.5% for the month.
Source: http://markets.financialcontent.com/stocks/news/read/25544795/ETF_Periscope

and Beijing Zhongke Sanhuan High-Tech Co. rallied more than 3 percent, while Brazilian iron-ore producer Vale rose to the highest since March. The Budapest Stock Exchange Index increased to a three-month high as Hungarys ruling party proposed aiding foreign-currency mortgage borrowers using existing tools after legal obstacles delayed new assistance measures. Chinas Purchasing Managers Index for services was 56.3 in October, up from 55.4 in the previous month, official data showed yesterday, after a manufacturing PMI (CPMINDX) on Nov. 1 that also pointed to an expansion. The nations top party officials will meet from Nov.
Source: http://www.bloomberg.com/news/2013-11-04/emerging-stocks-decline-for-third-day-as-thai-tensions-escalate.html

Us Stocks-dow And S&p 500 Up, Nasdaq Dips After Factory Data

“I think overall you have a market that is consolidating,” said Quincy Krosby, market strategist with Prudential Financial, referring to when a market trades in a range following a series of strong gains. The Dow Jones industrial average rose 53.94 points or 0.35 percent, to 15,599.69, the S&P 500 gained 2.81 points or 0.16 percent, to 1,759.35 and the Nasdaq Composite dropped 4.573 points or 0.12 percent, to 3,915.133. American International Group Inc fell 5.7 percent to $48.69, making it the S&P 500’s biggest loser, a day after the insurer reported earnings that slightly beat expectations. However, analysts expected better results in the insurer’s consumer lines business and said it benefited from a favorable tax rate this most recent quarter. Boeing Co shares gained 1.4 percent to $132.47. On Thursday, Boeing said it would increase production of its 737 aircraft to 47 planes per month by 2017 from 38 now – a move that analysts said bodes well for the company.
Source: http://www.reuters.com/article/2013/11/01/markets-usa-stocks-idUSL1N0IM1CY20131101

Taiwan stocks – Factors to watch – Nov 1

The Dow Jones industrial average climbed 62 points, or 0.4 percent, to 15,607 shortly after trading http://www.todayhotstocks.com/ began Friday. The Standard & Poor’s 500 index rose six points, or 0.4 percent, to 1,762. Both the Dow and the S&P 500 set record highs this week. The Nasdaq composite was up 14 points, or 0.4 percent, to 3,934. Southwestern Energy and Public Storage rose after reporting earnings and revenue that beat analysts’ estimates. The yield on the 10-year Treasury note rose to 2.58 percent from 2.56 percent.
Source: http://www.sfgate.com/news/article/Stocks-start-higher-after-a-record-setting-October-4946298.php

That’s pretty reasonable for someone with a $100,000 portfolio, but that’s 2% of a $500 portfolio. TRACK YOUR STOCKS: Get real-time quotes with our free Portfolio Tracker That’s why investors with just $500 to invest are best served avoiding individual stocks until they can amass more money. Instead, these beginning investors should buy exchange-traded funds, or ETFs. ETFs are stocks which own claims to a wide array of investments. The ETF solves both of small investors’ problems. First, most ETFs come with incredibly low fees.
Source: http://www.usatoday.com/story/money/columnist/krantz/2013/11/01/invest-500-one-stock/3104103/

LME price overview…… Taiwan dollar………… TAIWAN EQUITY MARKET: Full directory……………. TAIEX………………. TAIEX sub-indices………..
Source: http://www.reuters.com/article/2013/11/01/markets-taiwan-stocks-factors-idUSL3N0IL0LV20131101?type=companyNews&feedType=RSS