(CNSNews.com) – The outstanding balance for all of the direct student loans the federal government has issued topped $600 billion in April, according to newly released data from the U.S. Treasury.
The total balance hit $600.457 billion by the end of April, says the Treasury, up from $592.142 billion at the end of March.
The Federal Direct Student Loan Program already has built-in debt forgiveness plans for people who end up earning [...]
(Reuters) – Salaries of presidents of U.S. public universities rose almost 5 percent in the last fiscal year, even as tuition rose and student debt soared, with the median pay package topping $400,000, according to a report released on Sunday.
Fox News Channel’s coverage of the bombing at the Boston Marathon last week propelled the network to the top of the cable rankings for the first time in nearly a decade. In both total day and primetime for the April 15 to April 21, the News Corp-owned news network pulled ahead of usually top ranked USA.
FLASH: FOXNEWS overtakes all of cable last week in BOTH prime and total day, ranking number [...]
Alameda County supervisors have really taken to heart the adage that government should run like a business — rewarding County Administrator Susan Muranishi with the Wall Street-like wage of $423,664 a year.
For the rest of her life.
According to county pay records, in addition to her $301,000 base salary, Muranishi receives:
– $24,000, plus change, in “equity pay’’ to guarantee that she makes at least 10 percent more than anyone else in the county.
Stocks climbed Thursday, with the Dow higher for the 10th-consecutive session and the S&P 500 within striking distance of its all-time closing high, as investors cheered a better-than-expected weekly jobless claims report.
“This could be the greatest bull run since the 80s only because there’s nowhere else for investors to go,” said Alan Valdes, director of floor operations at DME Securities. “The Fed’s pumping $85 billion a month into the market [...]
Comment from one of the readers:
“I was in Greece last May. In Athens most fo the shops are shut. I was walking in the city centre and asked someone for directions – she was a uni student – had a chat as we walked along and she said THERE ARE NO JOBS – MOST GRADS SHE KNOWS ARE LEAVING THE COUNTRY
I went to Crete – my cab driver was telling me [...]
From Zero Hedge:
According to Bloomberg’s rankings (based on wealth disparity, average unemployment benefits, and overall unemployment pool), and somewhat confirming the food-divide discussion we had last night, the following states are the worst to live in if you are unemployed. Connecticut tops the list with its massive wealth disparity – more than one $200,000 household for every household earning less than $10,000. New York, California, and D.C. are close behind with Oregon and Alabama [...]
Two weeks tops. Mighty Mississippi at historic lows.
Could First Lady Michelle Obama go the route of Hillary Clinton?
It’s only hypothetical this point, but a survey done by Public Policy Polling gives Mrs. Obama the lead over Sen. Mark Kirk 51 to 40 percent, should she choose to challenge Kirk in 2016 for an Illinois senate seat. From PPP.
New figures released by Iranian customs officials show that the country’s foreign trade volume has exceeded USD65 billion despite the illegal US-engineered sanctions.
According to the latest report issued by the Islamic Republic of Iran Customs Administration, total volume of Iran’s foreign trade during the first eight months of the current Iranian calendar year (started March 20, 2012), has hit USD65.326 billion.
The report added that, Iran’s non-oil exports amounted to 51.806 [...]
ATHENS, Greece (AP) — Unemployment in Greece hit a record high of 25.1 percent in July as the country’s financial crisis continues to exact its heavy toll, official figures showed Thursday.
And all indications are that unemployment in Greece will be heading higher for some to come….
Last night, for the second night in a row, MSNBC beat Fox News in primetime (8-11pm) in the key adults 25-54 demo. On Monday MSNBC averaged 471,000 demo viewers to Fox News Channel’s 469,000. On Tuesday, MSNBC drew 575,000 demo viewers, to FNC’s 526,000. We will have the full ratings numbers in The Scoreboard a little later on.
The number one show in the demo on cable news is always, always “The O’Reilly [...]
With three weeks still to go in the fiscal year, the federal government already has notched its fourth straight trillion-dollar deficit, the Congressional Budget Office said Monday.
CBO, which releases estimates each month, said the government ran a $192 billion deficit in August, putting the federal government $1.17 trillion in arrears for fiscal 2012, which ends Sept. 30.
The $192 billion deficit was the worst August on record, though the total deficit so far this year is actually lower than [...]
From The Dividend Guy Blog:
Last week, Canadian banks were posting record profits, beating all analysts’ expectations. 2012 will probably be one of the most (if not the most) profitable year in the Canadian banking industry. Combined together, they racked up $8.2 billion in profit. This is huge, considering the underwhelming economic environment. Definitely, the Canadian economy seems to be under the umbrella of the financial Gods, as it quickly recovered [...]
The United States Treasury reports that the total public outstanding debt is: $16,015,769,788,215.80. This is the first time in American history debt has eclipsed the $16 trillion mark.
The debt has increased approximately $5.4 trillion since President Obama took office on January 20, 2009.
Here’s a chart, from the Republican side of the Senate Budget Committee detailing the increase in national debt over the last dozen years:
As speculation mounts over who Mitt Romney will select as his 2012 running mate, one of the favorite contenders insisted today that he may not want the job.
Ohio Senator Rob Portman, whose name most often tops potential V.P. lists, said today that he plans to remain in the Senate for the rest of his term, and hinted that, contrary to popular belief, he is not on Romney’s shortlist.
“I am happy where I [...]
Univision was the No. 1 television network in America among the coveted adults 18-49 and adults 18-43 demos last week — just the third time that has happened. From July 2-8, the Spanish-language net beat CBS by 42%, ABC by 15%, NBC by 7% and Fox by 1% in 18-49. Among 18-34 the spread was more pronounced, with Univision outdelivering CBS by 150%, NBC by 60%, ABC by 57% and Fox [...]
From The TSI Trader:
This article will begin with a close up look at the recent rallies off the May 16th low of both gold futures (GC) and Market Vectors Gold Miner ETF (GDX), proceed with some fascinating data regarding the time ratio of all C-wave tops with respect to gold’s repetitive ABCD pattern, and conclude with five charts focused on the U.S. Dollar Index (DX) from 2008 and forward.
The sum [...]
Italy’s Monti offers using bailout fund to buy sovereign debt
Italy and Spain to be given £600 billion bailout
Spanish, Italian Bonds Rise on Debt-Buying Bets
After banks, Spain faces fight to save regions
Report: Number of Millionaires in Asia Tops Those in North America
Italy Banks Waning Loan Quality Hurts Efforts on Capital
Stockton Slide to Bankruptcy Measured in More Funerals
Illinois child welfare agency mulls cuts, layoffs
Contagion may drag Italy back to heart of crisis
From The McClellan Market Report:
American gold traders see gold prices in a downtrend, and wonder whether the December 2011 bottom will hold as a support level. There is not much to like in the chart of gold prices, as priced in U.S. dollars.
But European gold traders see a much different picture. The chart plot of gold prices measured in euros has now broken its declining tops line, and appears to [...]
The record for the city’s priciest apartment shattered like a fallen chandelier when a buyer agreed to pay more than $90 million for a penthouse duplex at One57 in midtown.
RELATED: Lap of luxury: One57’s cheapest apartment is ONLY $7.35 million
The deal follows two mega sales: $52.5 million for a 740 Park Ave. duplex owned by the widow of late Time Warner chairman Steve Ross, and the $70 million casino owner Steve Wynn [...]
From The TSI Trader:
It feels almost ridiculous and nearly irresponsible for me to suggest that gold will fall to below $1,430. Personally, I think it has fallen way too much already. In a very short period of time, the value of my holdings in mining stocks have been cut in half, and I have no interest whatsoever in seeing gold tank even further.
But for what it’s worth, I see a [...]
From Peter L. Brandt:
The Head and Shoulders pattern signifies a major trend change. The Russell 2000 and NYSE Composite daily charts completed H&S tops patterns today.
The charts below speak for themselves.
I have commented on these charts frequently in recent days. Well today, the tops were completed on a closing price basis, and this is significant.
Irritating choir boys with their squeaky voices aside, the stock market is putting in a top [...]
From Gold Scents:
It may not seem like much happened yesterday, but a very important event occurred. Yesterday, the dollar index breached 78.65. The reason that is significant is because 78.65 marked the intraday low of the prior daily cycle.
A penetration of that level indicates that the current daily cycle has now topped in a left translated manner and a new pattern of lower lows and lower highs has begun. Any [...]