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… Depression prelude! 1/29/2008 ___________________________________ Housing Bust Recovery in 1930s www.youtube.com ___________________________________ www.ft.com US consumers in cautious mood By James Politi in Washington Published: January 31 2008 16:12 | Last updated: January 31 2008 16:12 The sharp slowdown in the US economy was highlighted on Thursday as fresh data showed that consumer spending rose a meagre 0.2 per cent in December and jobless claims moved unexpectedly higher last week. The data on consumer spending from the commerce department, though slightly above expectations, was the weakest since September 2006, and contrasted with a 1.1 per cent gain in November. It confirmed that even as retailers tried to attract customers with heavy discounts during the holiday season, US consumers spent cautiously. Personal income rose 0.5 per cent in December, also slightly above expectations. The personal consumption expenditure price index, excluding food and energy, rose 2.2 per cent, providing evidence that inflation could remain a concern for US policymakers. Recession fears came sharply into focus this week after it emerged that the US economy grew by 0.6 per cent in the fourth quarter. The Federal Reserve on Wednesday cut interest rates by 50 basis points – on top of its 75 basis point emergency easing of monetary policy last week — in an effort to tackle the slowdown. Among economic indicators, one relatively bright spot recently was the weekly jobless claims …
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On Tuesday, March 31, the New America Foundation’s Education Policy Program hosted “The Future of Federal Student Loans” This event featured representatives from the Obama administration, the student loan community, and New America’s Education Policy Program to discuss the pros and cons of the President’s proposal to stop guaranteeing federal student loans and to instead make the loans directly. On Feb. 26, the Obama Administration laid out a bold plan to expand financial aid, paid for in part by ending the Federal Family Education Loan (FFEL) program and instead contracting with companies to service loans. This proposal is controversial in the lending community, the higher education community, and on Capitol Hill. For more information, full video and a transcript of the event visit: www.newamerica.net
student-loans-consolidation1.com The cost of higher education continues to rise. Many students are unable to afford to finish college. Because of this, Student Loan Consolidation has been made available to students. Student Loan Consolidation is multiple loans combined into one loan. The…
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