Ive always wanted a cognitive bias named after me. There is probably already a name for this, but its hard to search for these things on Google. So lets take Japan, for example. Japan does quantitative easing. If it works, it is declared a success and they do more. If it doesnt work, it means…
DetailsWhat if you could move to a new city that would hand you cash to pay down your student loans? Well, thats a reality in some cities around the U.S. Dont expect to find these programs in popular cities like Boston, Chicago, or Atlanta. Look toward smaller towns in the middle of the country, like…
DetailsEarly last month, the Senate announced an inquiry with terms of reference that cover the collapse of Dick Smith Electronics. There is a lot for senators to pore over in the float and failure of Dick Smith. In economic theory, the failure of this Australian retailer is consistent with a dynamic economy. Businesses that do…
DetailsFor adults in their 30s, 40s, or 50s who are still making payments on their student loans, you have a few options for getting help. If you work for the U.S. government, you can apply for a loan repayment program, which can ease the burden on your student debt. If you dont work for the…
DetailsThe FCA is writing to 16,000 customers to tell them the company is no longer authorised to offer debt management services. Poor debt advice can lead to consumers trying to make payments on their debt that they cannot afford which is particularly serious for those in vulnerable circumstances and why we have paid very close…
DetailsThe debt management firm PDHL has been shut down by the financial watchdog and can no longer continue business. The Financial Conduct Authority said it had made a number of failings and it is now contacting its 16,000 customers to tell them where they can find alternative free debt management advice. The FCA is currently…
DetailsMarket regulator Securities and Exchange Board of India (Sebi) is keen on bringing out norms with regard to ‘gating’ redemptions and spell out instances when funds can create a ‘side-pocket’ to help investors and fund houses navigate the recent Amtek Auto-like episodes better. The move is also aimed at preventing large-scale exodus of…
DetailsJOHN KIRK-ANDERSON Stonewood Homes founder Brent Mettrick has appointed liquidators to the building firm’s shareholder company. Stonewood Homes’ shareholder company has been placed in liquidation, a move that will put the firm’s senior management under scrutiny. Stonewood Homes founders Brent and Sue Mettrick asked Ernst & Young liquidators Rhys Cain and Rees Logan to take over Holmfirth Group Ltd on Thursday. Holmfirth Group Ltd,…
DetailsCentral banks have financial markets in a spin. Government bonds rose, the euro slid and equities fluctuated as investors waited to see if European Central Bank President Mario Draghi will satisfy heightened speculation on further stimulus measures. U.S. stock-index futures climbed. South Koreas won rallied after policy makers refrained from lowering borrowing costs, New Zealands…
DetailsWASHINGTON – Sens. Ron Wyden and Jeff Merkley, D-Ore., along with Sens. Patty Murray, D-Wash., Elizabeth Warren, D-Mass., Richard Blumenthal, D-Conn., and Richard J. Durbin, D-Ill., and 29 Senate Democrats sent a letter to President Obama on Wednesday, urging the administration to protect students who attended colleges or universities that engaged in unlawful, unfair, deceptive…
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