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Keyword: debt

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  • U.S Drillers’ Operating Loses Could Surge In 2016

    11/25/2015 9:27:01 AM PST · by bananaman22 · 3 replies ^ | 25-11-2015 | Mike
    What do you do when all of the low hanging fruit is gone? That question is one that oil producers are increasingly facing as they confront an oil price slump that is now more than a year old and shows no serious signs of abating. With oil prices having fallen by nearly half over the last sixteen months, it is little wonder that oil companies found their balance sheets under pressure. From Exxon to Continental all oil companies have faced problems in maintaining their capital spending and more importantly, their profitability. In light of that, it is little wonder that...
  • The Obama Debt Tracker: eight trillion bucks of national debt under Obama in less than seven years

    11/16/2015 7:40:13 AM PST · by jpl · 12 replies
    United States Department of the Treasury ^ | Monday November 16, 2015 | United States Department of the Treasury
    On Thursday November 12, 2015 America's national debt hit the staggering total combined amount of $18.65 trillion. Since President Barack Hussein Obama was inaugurated into office a little less than seven years ago, the democrats, and a few spineless republican "leaders" in congress have increased the total combined national debt by more than $8 trillion: Date Debt Held by the Public Intragovernmental HoldingsTotal Public Debt Outstanding 01/20/2009 6,307,310,739,681.66 4,319,566,309,231.42 10,626,877,048,913.08 11/12/2015 13,422,684,032,364.47 5,226,340,763,474.31...
  • "US Debt Is 3 Times More Than You Think" Warns Former Chief US Accountant

    11/08/2015 11:14:13 AM PST · by SeekAndFind · 57 replies
    Zero Hedge ^ | 11/08/2015 | Tyler Durden
    In a shocking admission for most of mainstream America, the former U.S. comptroller general says the real U.S. debt is closer to about $65 trillion than the oft-cited figure of $18 trillion, thanks to unfunded liabilities which simply cannot be ignored. As The Hill reports, unless economic growth accelerates, he warns, "you’re not going to be able to provide the kind of social safety net that we need in this country," adding unequivocially that Americans have "lost touch with reality" when it comes to spending.As The Hill reports, Dave Walker, who headed the Government Accountability Office (GAO) under Presidents...
  • Baby boomers are what’s wrong with America’s economy

    11/06/2015 8:07:55 AM PST · by MadIsh32 · 184 replies
    Washington Post ^ | 11/05/2015 | Jim Tankersley
    If anyone deserves to pay more to shore up the federal safety net, either through higher taxes or lower benefits, it’s boomers — the generation that was born into some of the strongest job growth in the history of America, gobbled up the best parts, and left its children and grandchildren with some bones to pick through and a big bill to pay. Politicians shouldn’t be talking about holding that generation harmless. They should be asking how future workers can claw back some of the spoils that the “Me Generation” hoarded for itself.
  • ...while you were sleeping the Senate voted to steal $150 billion dollars from Social Security...

    11/04/2015 4:20:53 AM PST · by FR_addict · 99 replies
    Twitter ^ | Oct 30, 2015 | Sen. Mike Lee
    See Mike Lee's Twitter page and his facebook post
  • Recent Years' Federal Government Economic Data

    11/02/2015 5:04:29 PM PST · by WilliamofCarmichael · 2 replies
    Federal government agencies ^ | Nov. 2, 2015 | Free Republic
    This updates years 2007 - 2015 of an earlier post of Federal Government Economic Data covering several decades. Both include links to the government agencies' tables. Updates include additional foreign-born data and annualized data for 2015 using 3rd quarter data.
  • $20 trillion man: National debt nearly doubles during Obama presidency

    11/01/2015 7:10:12 PM PST · by amorphous · 57 replies
    The Washington Times ^ | 1 Nov 2015 | Dave Boyer
    When President Obama signs into law the new two-year budget deal Monday, his action will bring into sharper focus a part of his legacy that he doesn’t like to talk about: He is the $20 trillion man. Mr. Obama’s spending agreement with Congress will suspend the nation’s debt limit and allow the Treasury to borrow another $1.5 trillion or so by the end of his presidency in 2017. Added to the current total national debt of more than $18.15 trillion, the red ink will likely be crowding the $20 trillion mark right around the time Mr. Obama leaves the White...
  • Fed proposal puts $168b debt burden on big US banks

    10/31/2015 4:00:34 PM PDT · by aimhigh · 10 replies ^ | 10/31/2015 |
    The largest United States banks would face a US$120 billion (S$168 billion) total shortfall of long-term debt under a Federal Reserve proposal aimed at ensuring their failure would not hurt the broader financial system. The rule on total loss-absorbing capacity, or TLAC, is a key part of regulators' efforts to avoid another financial crisis. If US banks were to fail, investors in their stock would lose everything, but the debt would be converted into equity in a new, reconstituted bank under the plan.
  • Senate Approves Budget Deal and Here's How They Voted

    10/30/2015 3:01:01 PM PDT · by arista · 58 replies ^ | 10/30/15 | The Right Scoop
    The Senate approved the horrible budget deal last night while most of us were asleep at 3am: Ted Cruz last night called this budget deal a corrupt betrayal of the people as he spoke over an hour and a half. The vote was mostly Democrats voting to pass it but a fair number of Republicans voted for it as well. Here's how they voted: YEAs: 64 Alexander (R-TN) Ayotte (R-NH) Baldwin (D-WI) Barrasso (R-WY) Bennet (D-CO) Blumenthal (D-CT) Booker (D-NJ) Boxer (D-CA) Brown (D-OH) Cantwell (D-WA) Capito (R-WV) Cardin (D-MD) Carper (D-DE) Casey (D-PA) Cochran (R-MS) Collins (R-ME) Coons (D-DE)...
  • A Promise Made Is A Debt Unpaid

    10/30/2015 8:43:42 AM PDT · by Sean_Anthony · 1 replies
    Canada Free Press ^ | 10/30/15 | Jimmy Reed
    The Bible is the ultimate lesson giver. This is certainly true in the story about Jephthah’s tragic mistake, which confirms Robert Service’s truth: A promise made is a debt unpaid. In Robert Service’s poem, “The Cremation Of Sam McGee,” one line reads, “A promise made is a debt unpaid,” which reminds me of a story told to me by my boyhood best friend and mentor, Jaybird, by far the best storyteller I have ever known. The old black man had a powerful memory, and never forgot any of the Biblical tales read to him by his children or me, and...

    10/29/2015 8:41:24 AM PDT · by TexasCajun · 6 replies ^ | Oct 29, 2015 | Bob Price
    Six Texas Republican representatives joined with the eleven Democrats in the state’s congressional delegation to vote in favor of the bill to raise the debt ceiling. Nineteen Texas Republicans voted nay in attempting to block the measure. On a national level, 79 Republicans joined with all 187 Democrat members of the House to pass the measure back to the Senate. Rep. Kevin Brady (R-TX)64% voted in favor of the bill with the Democrats, according to He announced this week that he seeks to replace Rep. Paul Ryan (R-WI)58% as chairman of the House Ways and Means Committee. Ryan is...
  • In a dozen years there will be no money to fund the military, roads or education

    10/29/2015 5:53:48 AM PDT · by SleeperCatcher · 16 replies ^ | Oct. 28, 2015 | Jon E Dougherty
    ( Americans who believe that they will still be alive 12 years from today had better brace themselves for the coming economic catastrophe that is the end result of a bipartisan effort to evade fiscal responsibility. As reported by The Washington Free Beacon, in a recent interview with C-SPAN, Rep. Dave Brat, R-Va., dropped a bombshell that should have been top-of-the-hour news stories on every major news broadcast (but, of course, wasn’t). By 2027, said Brat, the federal government will only take in enough money to cover entitlement programs and interest on the already unimaginably massive (and still growing) U.S....
  • House Freedom Caucus will oppose the budget deal

    10/28/2015 10:07:08 AM PDT · by SeekAndFind · 40 replies
    Hotair ^ | 10/28/2015 | Jazz Shaw
    We found out earlier this morning that Paul Ryan has changed his mind and will reluctantly support the upcoming budget deal even though “the process stinks.” Rand Paul wants nothing to do with it and wants to filibuster it in the Senate. But will it even get that far? We found out from the House Freedom Caucus earlier today that they will be opposing the scheme for a variety of reasons. Washington, DC – The House Freedom Caucus issued the following statement related to the Bipartisan Budget Act of 2015, H.R. 1314:“The latest budget deal continues the sad pattern...
  • Boehner On Debt Ceiling Deal: Process "Stinks" But Alternative Was Default

    10/27/2015 8:54:34 AM PDT · by SeekAndFind · 44 replies
    Zero Hedge ^ | 10/27/2015 | Tyler Durden
    When we presented America's new debt ceiling of $19.6 trillion lasting through March 2017 last week... ... some took offense saying a debt ceiling deal is nowhere near done, and that the conservatives would at least put up a token fight. A few days later, the deal is virtually complete, the Freedom Caucus has been isolated, Paul Ryan never even got his hands dirty, and Boehner has caved one last time corporate/democratic prerogatives, precisely as we said would happen. Yes, the republicans will pretend to demand concessions, such as a balanced budet and other "sound money" conditions but they...
  • If It Quacks Like an $11 Billion State Taxpayer Liability Duck, because this debts on you

    10/27/2015 8:16:04 AM PDT · by MichCapCon · 3 replies
    Michigan Capitol Confidential ^ | 10/25/2015 | Tom Gantert
    Detroit Public Schools recently borrowed $78.5 million from a "Michigan Finance Authority," and the same day made payment on another loan of $107.8 million taken out last May. Yet Department of Treasury spokesman Terry Stanton said the state was not lending money to the Detroit school district. To be clear, the State is not loaning the district money. The Michigan Finance Authority (MFA) facilitates these transactions on behalf of the district, Stanton stated. ForTheRecord says: Thats the official line. Heres the reality: The Michigan Finance Authority is an administrative entity created by past legislatures to oversee various government lending programs....
  • $19.6 Trillion Debt Ceiling: Done Deal?

    10/27/2015 6:31:35 AM PDT · by Citizen Zed · 26 replies ^ | 10-27-2015 | Tyler Durden
    Last week, when reviewing the next steps in the 2015 version of the debt ceiling "drama" we said that "that the only certain outcome from the melodramatic debt ceiling fight over the next several days, is the following: the US is about to have a brand spanking new debt ceiling, one that should last it until March of 2017: $19,600,000,000,000." Sure enough, with just days left until the November 3rd D-Day when the Treasury runs out of emergency cash and is forced to prioritize debt repayments over government spending, moments ago Politico reported that "congressional leaders and the White House...
  • No, the U.S. will not default on its debt, no matter what

    10/21/2015 4:21:47 AM PDT · by expat_panama · 30 replies
    Market Watch ^ | Oct 20, 2015 | Caroline Baum
    [snipets:]If the Congress doesn't increase the debt limit, the Bipartisan Policy Center has estimated that the Treasury will no longer be able to pay all the government's bills from the cash it has on hand sometime between Nov. 10 and 19. Give Treasury Secretary Jacob Lew credit for a modicum of restraint in using the D word. Thats D as in default.......Look what happened during the 2013 debt-limit showdown. Lew and President Barack Obama tried to use the threat of default to their political advantage: to get the Republicans to stop holding the debt limit hostage to other priorities; and...
  • GOP votes scarce on debt-ceiling hike

    10/20/2015 11:44:04 AM PDT · by SeekAndFind · 16 replies
    The Hill ^ | 10/20/2015 | By Peter Schroeder
    Speaker John Boehner (R-Ohio) has his work cut out for him in passing a bill to raise the $18.1 trillion debt ceiling. The lame-duck Speaker needs to win 30 Republican votes to lift the governments borrowing limit, even if the entire House Democratic Caucus votes with him. Boehner was only able to pull 28 votes the last time the House approved a clean debt-ceiling increase and one-third of those lawmakers have since left Congress. Now Boehner is even weaker politically, and he has little time to act. Treasury Secretary Jack Lew has urged Congress to raise the debt limit...
  • What Threatens Liberty and Increases Abortion, Human Trafficking, Government Debt, and Poverty?

    10/18/2015 9:44:16 AM PDT · by Kaslin · 7 replies ^ | October 18, 2015 | Calvin Beisner
    Conservatives, Christian and non-Christian alike, share concerns about civil and religious liberty, abortion and the sanctity of human life, human trafficking and pornography and how they damage families, fiscal responsibility in government, and poverty. What many dont know is that there are links between climate alarmism and every one of these issues. Let me take them in reverse order. First, climate alarmism undermines fiscal responsibility in government. Not only do governments around the world spend nearly $1 billion per day just on research into climate change, but also policies meant to reduce global warming would...
  • Our Debt and Unfunded Obligations: Bankruptcy Is Our Only Hope

    10/16/2015 6:43:29 AM PDT · by SeekAndFind · 27 replies
    National Review ^ | 10/16/2015 | Kevin D. Williamson
    Its an ill financial wind that blows no one some good. A very nice and very rich old lady once explained to me that, in her view, the golden age of the American economy happened in the first years of the Reagan administration. This puzzled me: The United States had dipped into recession in 1980, and Paul Volcker was standing on the economic brakes to wring the Carter-era inflation out of the economy, jacking the federal-funds target rate up to damned near 20 percent. People were paying 18.5 percent on their mortgages. But, of course, usurious interest rates are pretty...
  • When pensions implode: Silicon Valleys lesson for New York

    10/12/2015 7:23:00 AM PDT · by SeekAndFind · 36 replies
    New York Post ^ | 10/12/2015 | By Lawrence McQuillan
    San Jose, in the heart of Silicon Valley, is home to eBay, PayPal and Cisco. Yet despite its enormous wealth, a San Jose house right across from a fire station burned down in 2013 because the station lacked fire trucks. This year, police staffing is down in San Jose. Its roads are pocked with potholes. And again, fire engines are mothballed. How is all this possible? The answer is that nearly 25 percent of San Joses budget pays for generous pensions called defined-benefit plans that guarantee retired city workers as much as 90 percent of their former salaries...
  • Congress Declares Martial Law as Dollar Rapidly Collapsing: Living in Last Days of This Republic.

    10/09/2015 6:25:58 AM PDT · by HomerBohn · 24 replies
    SHTF Plan ^ | 10/8/2015 | Marc Slavo
    The debt ceiling issue is returning to the forefront in American politics, again threatening a government shutdown. Last time, the shutdown resulting in sequester for many agencies that suspended work for many government employees; a great deal of political theater dominated the news cycle; but ultimately, things returned to a basic normalcy. This time may be different, as a number of critical factors face Americans in 2015. Last week, Congress passed procedural martial law to address stop-gap spending as it faces the debt ceiling crisis again. Meanwhile, this quietly announced martial law forced a vote on bills the same day,...
  • Once the Biggest Buyer, China Starts Dumping U.S. Government Debt

    10/07/2015 8:36:10 AM PDT · by Enlightened1 · 13 replies
    The Wall Street Journal ^ | 10/07/15 | Min Zeng And Lingling Wei
    Central banks around the world are selling U.S. government bonds at the fastest pace on record, the most dramatic shift in the $12.8 trillion Treasury market since the financial crisis. Sales by China, Russia, Brazil and Taiwan are the latest sign of an emerging-markets slowdown that is threatening to spill over into the U.S. economy. Previously, all four were large purchasers of U.S. debt. Few analysts expect much higher yields in the Treasury market as a result. Foreign private purchases of U.S. debt have increased amid pessimism about the world economic outlook. U.S. firms and financial institutions continue to buy...
  • The National Debt

    10/06/2015 3:30:44 PM PDT · by originalbuckeye · 18 replies
    10/6/15 | Originalbuckeye
    On July 7, 2015, at 9:07AM(PDT) I recorded the National Debt (from the US National Debt Clock) at $18,321,893,100,000.00 (Approx., as it goes up so fast it is difficult to get a completely accurate number). Right now, as I write this, the Clock says (approx.)$18,398,400,100,000.00.
  • World set for emerging market mass default, warns IMF

    09/30/2015 4:23:20 AM PDT · by expat_panama · 38 replies
    UK Telegraph ^ | 29 Sep 2015 | Szu Ping Chan
    The International Monetary Fund (IMF) has issued a double warning over higher US interest rates, which it said could trigger a wave of emerging market corporate defaults and panic in financial markets as liquidity evaporates. The IMF said corporate debts in emerging markets ballooned to $18 trillion (12 trillion) last year, from $4 trillion in 2004 as companies gorged themselves on cheap debt. It said the quadrupling in debt had been accompanied by weaker balance sheets, making companies more vulnerable to US rate rises. "As advanced economies normalise monetary policy, emerging markets should prepare for an increase in corporate failures,"...
  • Once-thriving Puerto Rico mountain town finds itself at economic abyss amid population flight

    09/21/2015 8:04:37 AM PDT · by george76 · 44 replies
    ap ^ | September 18, 2015
    LARES, Puerto Rico Ismael Rodriguez looked out on a nearly empty plaza from the clothing store he opened in 1960, now hemmed in by padlocked businesses in this mountain town in northwestern Puerto Rico... experiencing the deepest malaise of just about any community on this island in the depths of an economic crisis. "I have seen the destruction of a town," Rodriguez, 67, said as he gestured toward the plaza. "Look at all the shuttered stores." Lares has become emblematic of the economic stagnation that is overwhelming Puerto Rico, and those who live here believe it is a warning...
  • The Question No Candidate Will Answer [The responses to this question have never been persuasive]

    09/21/2015 6:59:33 AM PDT · by SeekAndFind · 19 replies
    National Review ^ | 09/21/2015 | Kevin Williamson
    I like Jake Tapper, but I already was ready to punch him in the ear over the lets you and him fight structure of the debate questions last week when he abandoned all pretense of adulthood and asked the candidates what theyd like their Secret Service code names to be. It was a low, cringe-inducing moment, and the candidates made it lower and cringier with their answers. (Trueheart? Justice Never Sleeps? Ergh.) Marco Rubio just barely acquitted himself with Gator, but the correct answer was: Thats a dumb question, Jake, and I am not going to answer it. Now, back...
  • Beware! Bernie Sanders' policy proposals would cost $18 trillion

    09/15/2015 8:21:13 AM PDT · by SeekAndFind · 28 replies
    American Thinker ^ | 09/15/2015 | rick Moran
    As a socialist, Senator Bernie Sanders is bubbling over with ideas on how to spend your money – as well as money the government has to print.  So what would it cost to turn America into a workers' paradise? The Wall Street Journal figures about $18 trillion. In all, he backs at least $18 trillion in new spending over a decade, according to a tally by The Wall Street Journal, a sum that alarms conservatives and gives even many Democrats pause. Mr. Sanders sees the money as going to essential government services at a time of increasing strain on...
  • Fears grow over US stock market bubble

    09/14/2015 7:47:30 AM PDT · by SkyPilot · 30 replies
    Financia Times ^ | 13 Sep 15 | John Authers
    A growing number of investors believe that US stocks are overvalued, creating the risk of a significant bear market, according to research by Yale University market scholar Robert Shiller. The Nobel economics laureate told the Financial Times that his valuation confidence indices, based on investor surveys, showed greater fear that the market was overvalued than at any time since the peak of the dotcom bubble in 2000. Nobel economics laureate Robert Shiller It looks to me a bit like a bubble again with essentially a tripling of stock prices since 2009 in just six years and at the same time...
  • Sarcastic Definition of the Day: Debt

    09/10/2015 3:47:40 PM PDT · by The Looking Spoon · 1 replies
    American Irony ^ | 9-10-15 | The Looking Spoon
  • US Credit Card Debt Is Back Near Unsustainable Levels

    09/09/2015 2:11:44 PM PDT · by blam · 35 replies
    BI ^ | 9-9-2015 | Jonathan Garber
    Jonathan GarberSeptember 9, 2015CardHub, a financial website that monitors credit card debt, says credit card debt levels in the US are on pace to increase by another $60 billion by the end of 2015. According to CardHub, such an increase would bring total US credit card debt to just shy of $900 billion, which is the level that at which it becomes unsustainable. CardHub told Financial Advisor, "We erased almost all of our first-quarter pay down, racking up a whopping $32.1 billion in new balances from April through June, the largest second quarter binge since we began conducting the Credit...
  • Alternative to the U.S. News College Rankings

    08/31/2015 6:10:35 AM PDT · by Academiadotorg · 7 replies
    Accuracy in Academia ^ | August 29, 2015 | Spencer Irvine
    A welcome alternative to the U.S. News college rankings. If youre looking for an alternative to the U. S. News rankings of colleges, the Washington Monthly offers one. texas a&m students The U. S. News rankings generally focus on how much money goes into colleges, which mostly benefits administrators. Conversely, the Washington Monthly also looked at what students get out of college. Thus, the Washington Monthly guide gives higher marks to lesser-known schools which those who look at the U. S. News rankings might normally not encounter. The Washington Monthly guide rated schools on, among other things: ~ Student loan...
  • Earth to Paul Krugman and The New York Times: Debt Is Not Good

    08/29/2015 5:05:03 AM PDT · by Kaslin · 19 replies ^ | August 29, 2015 | John C. Goodman
    Source: Source information located at the bottom of column. First the good news. The federal government’s tax receipts are coming in at a rate somewhat higher than what was expected a few months ago. That means a shut-down-the-government debt limit stalemate will be pushed back until November or December. It also means that the federal debt will actually decline a bit this year. Now for the bad news. We are experiencing the calm before the storm. The Congressional Budget Office reported Tuesday that although our fiscal situation is improving, by 2018 we will snap back to swelling deficits and unsustainable...
  • Frustrated college graduate tries to sell her college diploma on eBay for $50,000 - [tr]

    08/27/2015 10:53:59 AM PDT · by C19fan · 87 replies
    UK Daily Mail ^ | August 27, 2015 | Carly Stern
    One recent college graduate is so frustrated with her lack of job prospects that she's attempting to sell off her college degree - for $50,000. Stephanie Ritter, a 26-year-old Florida State University alum, has listed her diploma on eBay for the staggering sum to cover the 'actual cost' of attending the school. Now $40,000 in debt and living in Southern California, Stephanie is fed up with being unable to find a job in her field, despite having a Bachelor's degree - so she's come up with a drastic solution to pay off her loans and 'validate my use of time...
  • Donald Trump may be good news for India

    08/24/2015 9:05:16 PM PDT · by Jyotishi · 11 replies
    Niti Central, ^ | Tuesday, August 25, 2015 | Sitaramarao Yechuri
    There have been many news stories in recent days about Donald Trump's proposed policy on H1-B visas and how that would be bad for India. Trump has advocated raising the minimum wage for H1-B visas, lowering the H1-B visa cap and generally making H1-B visas more difficult to obtain. Trump points out that his competitor Florida Senator Marco Rubio has introduced a bill to triple the H-1B visas and Trump contends that this would lower the average wage because the H1-B workers are willing to work harder for a lower wage because they want to get a green card. News...
  • Free College Is Not Free, Hillary

    08/23/2015 7:08:34 AM PDT · by Kaslin · 5 replies ^ | August 23, 2015 | Bruce Bialosky
    I hate to kick a lady when she is down, but once again Hillary has forced me to respond to her. This time it is her recent nonsense which she refers to as The New College Compact and the rest of us can refer to as Hillarys Get Out Of College for Free Card. There is definitely a problem with the cost of college today. The massive debt is inhibiting recent graduates from buying their own homes and starting their own businesses. That there is a problem is agreed to universally except for all the freeloaders at universities sucking up...
  • School-Loan Reckoning: 7 Million Are in Default. 17% of all borrowers severely delinquent.

    08/22/2015 7:09:57 PM PDT · by SeekAndFind · 66 replies
    Wall Street Journal ^ | 08/22/2015 | By JOSH MITCHELL
    Nearly 7 million Americans have gone at least a year without making a payment on their federal student loans, a high level of default that suggests a widening swath of households are unable or unwilling to pay back their school debt. As of July, 6.9 million Americans with student loans hadnt sent a payment to the government in at least 60 days, quarterly data from the Education Department shows.
  • Paul Krugman "What Ails The World Right Now Is That Governments Arent Deep Enough In Debt"

    08/22/2015 11:37:31 AM PDT · by SeekAndFind · 53 replies
    Zero Hedge ^ | 08/22/2015 | Tyler Durden
    This was written by a Nobel prize winning economist without a trace or sarcasm, irony or humor. It is excerpted, and presented without commentary.From the New York Times:Debt Is Good... the point simply that public debt isnt as bad as legend has it? Or can government debt actually be a good thing?Believe it or not, many economists argue that the economy needs a sufficient amount of public debt out there to function well. And how much is sufficient? Maybe more than we currently have. That is, theres a reasonable argument to be made that part of what ails the...
  • Staring into a void, investors pull cash from harm's way

    08/20/2015 5:29:26 PM PDT · by SkyPilot · 59 replies
    Yahoo Finance ^ | 20 Aug 15 | By Michael Santoli
    If nature abhors a vacuum, investors arent so crazy about them either. Its hard to avoid all the voids right now. The August Wall Street vacation evacuation is well underway, markets are facing an absence of inflation, huge air pockets underneath commodities and emerging-market currencies and a vexing lack of clarity about what the Fed might do in less than a months time. The collective response to this environment devoid of strong conviction has been to pull cash out of riskier markets and wait. Barclays Capital says more than $90 billion has sought the shelter of money-market funds in...
  • RANKED: The world's national debts, from safest to most risky

    08/14/2015 6:19:30 AM PDT · by SeekAndFind · 4 replies
    Business Insider ^ | 08/14/2015 | Ben Moshinsky
    Bank of America's Transforming World Atlas has loads of lovely infographics in it, but one of the most colourful is a map of the world's riskiest sovereign debt.The map uses the prices of credit-default swaps, which are derivatives that pay out if a borrower defaults.Here's the map:BAML Sovereign credit-default swaps have been used as a type of insurance against sovereign governments not paying back the money they owe. As with any insurance product, the more expensive it is, the more likely the event you're insuring against will happen soon.
  • If a corporate CFO acted like Obama, he'd be in jail

    08/13/2015 8:03:03 PM PDT · by MtnClimber · 9 replies
    American Thinker ^ | August 13, 2015 | Newsmachete
    In other words, if Congress won't lift the debt limit, Obama will keep spending anyway and report phony numbers...... And that is the most troubling part. A person can jump off a building and close his eyes and tell himself he is not falling. For a time, it will work. But eventually, it will be a fact that can no longer be denied. There are laws of physics that we are aware of, but there are also laws of economics. You cannot forever spend money you do not have. Eventually there will be a collapse. In the meantime, Obama commits...
  • Millennial hawk: Why the GOP needs to answer Hillarys $350B college subsidy plan

    08/13/2015 5:23:27 PM PDT · by SeekAndFind · 34 replies
    Hotair ^ | 08/13/2015 | Ed Morrissey
    Forget the Twitter blog for emoji responses to how millennials feel about student debt. As the New York Daily News’ Alejandro Alba notes, the condescending approach didn’t generate much respect from Hillary Clinton’s target audience. The beleagured Democrat tried to shift attention to policy from the e-mail scandal, focusing on her $350 billion proposal to overhaul higher-education finances, which is in a shambles largely due to federal government intervention in the first place.Mission not accomplished: While some users thought the question was “relatable,” others believed the question was offensive and condescending.Many users began to reply to the tweet with...
  • Hillary Proposal: Lets spend $350 billion to make college affordable?

    08/11/2015 10:05:03 AM PDT · by SeekAndFind · 23 replies
    Hotair ^ | 08/11/2015 | Ed Morrissey
    Perhaps Hillary Clinton has a different definition of “affordable” than most of us. A plan that spends $350 billion can be defined as many things, but affordable is not on that list. Still, Hillary’s plan raises the stakes among a demographic that Democrats cannot afford to lose: Hillary Rodham Clinton will announce a $350 billion plan Monday to make college affordable and relieve the burden of student debt for millions of Americans, drawing on popular tenets of the progressive wing of the Democratic Party. …At the heart of the plan, dubbed the New College Compact, is an incentive program...
  • There's a big problem with the government's offer to 'forgive' your mountain of student-loan debt

    08/11/2015 7:53:27 AM PDT · by SeekAndFind · 56 replies
    Business Insider ^ | 08/11/2015 | JONATHAN GARBER AND ANDY KIERSZ
    Student-loan debt is a big problem. The latest Federal Reserve data shows there is nearly $1.3 trillion in outstanding student-loan debt in the US. In late 2009 and early 2010, student-loan debt passed auto loans, credit cards, and home-equity lines of credit as the biggest debt burden Americans face. According to, "The latest studies say that 70% of college graduates leave school with student-loan debt that in 2014 averaged $33,000." Realizing graduates were struggling to repay their heavy debt burdens, the government announced a few plans that would allow student debt to be forgiven over time. The loan-forgiveness repayment...
  • Hillarys College Plan: A Jiggers Worth of Good Ideas, a Kegs Worth of Bad Ones

    08/11/2015 7:02:45 AM PDT · by SeekAndFind · 7 replies
    National Review ^ | 08/11/2015 | The Editors
    It is oft-remarked that the Democratic party is less an ideological enterprise than a mere coalition of interest groups. This is certainly true when it comes to higher-education reform, which Democrats reliably approach from the perspective of giving more money to college students, more money to college graduates, and more money to colleges themselves all three groups, of course, leaning to the left. The college plan Hillary Clinton announced today is not quite as bad as typical attempts, since it incorporates a few decent ideas from the right and center that did not make it into President Obamas community-college...
  • Bernie Sanders is unveiling a free college tuition bill. Will it work?

    08/10/2015 11:38:14 AM PDT · by SeekAndFind · 47 replies
    CS Monitor ^ | 08/10/2015 | By Rowena Lindsay
    Presidential hopeful Sen. Bernie Sanders (D) of Vermont is planning to unveil a bill that, if passed, will make tuition at four-year public colleges and universities free. In addition to eliminating college tuition at public colleges, Mr. Sanders' bill would expand work-study programs, and seeks to lower student debt and student loan rates a system modeled after those of European countries such as Germany, Sweden, and Denmark. Earlier this year, Sanders called for free tuition for college freshman and sophomores, and recently other liberal politicians have also taken up the cause of making college more affordable for American students...
  • Hillary Clinton Unveils $350 billion plan to kill college debt

    08/10/2015 11:27:27 AM PDT · by SeekAndFind · 58 replies
    Politico ^ | 08/10/2015 | By NIRVI SHAH and KIMBERLY HEFLING
    Hillary Clinton on Monday rolled out a sweeping higher education plan a $350 billion proposal that would help millions pay for college and reduce interest rates for people with student loans. The plan, which would change the way a large swath of Americans pay for college, borrows ideas from the left and the right and even expands a program enacted by her husband. It includes ideas already being discussed in Congress and for which groundwork has been laid by the Obama administration. The proposal, dubbed the New College Compact, is unlikely to win over many in the GOP because...
  • The Story Of America's Debt In 6 Easy Graphics

    08/09/2015 10:34:59 AM PDT · by SeekAndFind · 5 replies
    Zero Hedge ^ | 08/08/2015 | Tyler Durden
    Despite incessant pundit parroting of the "deleveraging households" meme, America is and probably always will be, addicted to debt. If you need proof, have a look at the latest statistics on non-mortgage debt, which, thanks to Americas twin trillion-dollar bubbles, recently soared to its highest level in a decade. To wit, from HousingWire, citing Black Knight Financial: What weve found is that mortgage holders today are carrying more non-mortgage debt than at any point in the past 10 years, with an average of $25,000 per borrower. Thats $1,400 more on average than one year ago, and nearly $2,600 more...
  • Donald Trump Once Proposed the Biggest Tax Hike Ever

    08/07/2015 2:01:35 PM PDT · by arista · 69 replies
    ABC News ^ | 8/6/15 | Jonathan Karl
    Donald Trump takes a lot of flak for failing to offer specific policy proposals, but there was a time when he offered a very specific tax plan -- one that raised taxes on the wealthy so much it might have made Bernie Sanders blush. In classic Trump fashion, the plan was big and bold. If enacted, Trump's plan would have been biggest tax hike, in total raw dollars, in history. In a word, it would have been huge. The year was 1999 and Trump was toying with the idea of running for President as a third party candidate. The idea,...
  • Puerto Rico's 'death spiral' can be traced back to one mistake

    08/07/2015 9:27:38 AM PDT · by SeekAndFind · 6 replies
    Business Insider ^ | 08/07/2015 | Linette Lopez
    Puerto Rico is $72 billion in debt, and it will take a painful process to bring the island's finances back from the brink. It's a massive debt load for such a small territory, and the problem can really be traced to one issue bad tax policy. After Puerto Rico let one tax break for manufacturers expire almost a decade ago, manufacturers started shutting down operations on the island. That caused a spike in unemployment. On top of that, business-friendly tax policies for some of the companies that remained allowed multinational giants to pay tax rates of little more than...