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The Quest for College Affordability — and Why Congress’ Latest Student Loan Bill May be in Vain

The bus tour comes on the heels of recent news regarding student debt, an epidemic that is cutting across all age brackets and affecting more than 38 million Americans. On August 9, the president signed the Bipartisan Student Loan Certainty Act, which ties interest rates on Stafford and PLUS loans to the fluctuations of the 10-year Treasury bond. Its being touted as a better alternative to the fixed 6.8% interest rate that doubled in July from 3.4%. But while the passage of this new law, which Republicans and Democrats claim will help students, is temporarily lowering interest rates, in five years, its estimated that interest rates will actually end up being higher than before the bill was signed — and according to the Congressional Budget Office, will make the government an extra $715 million. The CBO reports that the government is already making an estimated $184 billion from student loans — and this bill jacks up the number to a staggering $184,715,000,000. Matthew Holmes, a 24-year-old graduate of Johnson and Wales University, whose student debt is almost $20,000 in principal, says adding in the estimated accrued interest over a 10-year-period hikes his debt to almost $35,000 — $15,000 more than his current balance.
Source: http://www.foxbusiness.com/personal-finance/2013/08/23/quest-for-college-affordability-and-why-congress-latest-student-loan-bill-may/

Solving the Student Loan Crisis – Piglt Campaigns are Live

Raul Ruiz (D – Calif) Owed between $115,002 and $300,000. Rep. Tom Rooney (R – Fla.) Owed between $100,001 and $250,000 Rep. Kevin Yoder (R – Kan.) Owed between $80,003 and $200,000 And Now A few more members of Congress with student debt: Rep. Bruce Braley (D – Iowa) Owed between $10,000 and $15,000 Sen. Elizabeth Warren (D – Mass.) Owed between $15,000 and $50,000 to Harvard University — her alma mater and former employer — in the form of an interest-free loan for one of her children’s education expenses, according to one of her staff members.
Source: http://www.huffingtonpost.com/2013/08/20/bankruptcy-student-loans_n_3782816.html

Bankruptcy Should Be Obama student loan forgiveness program An Option For Some Student Loans: Report

Los Angeles, CA (PRWEB) August 22, 2013 Piglt ( http://www.PIGLT.com ), Educations Entrepreneurial Piggy Bank, went live this week. Piglt (pronounced piglet) is the only innovative incentive-based crowdfunding platform that allows individuals to fund their tuition or student loan debt, thus solving the nation’s student loan debt epidemic and helping users find jobs through a dual focus on entrepreneurship and community involvement. Piglt just launched its inaugural batch of Campaigns on Aug 20th. Student loan debt in the US has risen above $1 trillion and the cost of higher education is skyrocketing. Thats preventing individuals from progressing socially and economically.
Source: http://www.seattlepi.com/business/press-releases/article/Solving-the-Student-Loan-Crisis-Piglt-Campaigns-4752997.php

Student Loans: The New Calculation

The change enacts market-based interest rates for federal student loans, and lowers rates for borrowers immediately. The legislation will link interest rates on Stafford loans along with graduate and PLUS loans (Parent Loan for Undergraduate Students), to that of the 10-year Treasury note. Student rates are determined annually on June 1 and locked in for the life of the loan. It means that students who borrow this fall will pay 3.8 percent on subsidized loans, 5.4 percent on unsubsidized Stafford loans, and 6.4 percent on PLUS loans. The new law reverses the interest rate jump on subsidized loans, which jumped from 3.4 percent to 6.8 percent on July 1. [More from Manilla.com: Are Today’s College Students Getting an Education in Financial Responsibility?
Source: http://finance.yahoo.com/news/student-loans-calculation-130109975.html

Time to Bring Bankruptcy Back for Student Loan Debt

The way to approach this issue, however, is to establish clear and public standards for what we at the Center for American Progress refer to as Qualified Student Loans, or loans that cannot be easily discharged in bankruptcy, which has been done for other types of financial products as a way to identify safer financial products. Qualified Student Loans would include loans, both federal and private, that have reasonable repayment conditions such as low interest rates and access to favorable forbearance, deferment, and income-based repayment options. These loans would also be qualified based on the successful track records of the institutions and programs receiving the proceeds as a way to ensure that these are programs thatby virtue of their graduate employment ratesgive graduates a reasonable chance to repay. Loans not meeting both standardsborrower-friendly terms and some evidence that graduates, based on their employability, are likely going to be able to repay these loanswould be eligible for discharge in bankruptcy just as credit cards are. It’s a fairly moderate step.
Source: http://gawker.com/time-to-bring-bankruptcy-back-for-student-loan-debt-1177948307

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Trading a ‘less worse’ JC Penney now

“Neither the risk nor the potential loss is material to the financial condition of the firm.” The trades involved NYSE Euronext, CBOE and Nasdaq OMX, according to reports. A CBOE spokesperson said erroneous trades were being adjusted and busted up until 7pm CT Tuesday. NYSE officials sent a notice to traders that they “anticipate that most of the impacted trades will be busted,” the Wall Street Journal reported. A person familiar with the situation said the losses for Goldman could be in the millions, or even upwards of $100 million, depending on how many trades were busted.
Source: http://www.cnbc.com/id/100976404

D. David Mackay, purchased his shares at a international etf bews letter price of US$75.14 on August 15. Want to know when company insiders will buy or sell their shares? Want to monitor this company on an on-going basis?
Source: http://www.marketwatch.com/story/insider-trading-tips-for-tesoro-xerox-green-mountain-coffee-roasters-emc-newmont-mining-and-zynga-2013-08-21

Potentially, but I’ve got way more things to buy here.” By CNBC’s Bruno J. Navarro . Follow him on Twitter @Bruno_J_Navarro . CNBC’s Stephanie Landsman contributed research to this report.
Source: http://www.cnbc.com/id/100976329

Trading Options for Income

The Put writer is, in effect, writing insurance for the stock owner. One tip: youll be more successful if you write Puts on quality stocks (good fundamentals, upwards earnings revision fuel and value left at the current price) that are pulling back or consolidating recent gains. Consider the following NTES trade. Writing Out-of-the-Money Naked Puts for Income On Friday (3/15/09), I wrote 10 contracts of June $27 Puts for NTES (shown by the red arrow on the chart; then trading at $30.70) and received $0.60 a share or $600 for guaranteeing to buy 1,000 shares (each contract controls 100 shares) at $27 at any time between now and the 3rd Friday in June (26 trading days).
Source: http://www.tradingmarkets.com/recent/trading_options_for_income-677357.html

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Green Mountain to Join the Nasdaq-100

The company displaces Life Technologieson the list. Additionally, Green Mountain is to be a component of a pair of specialty indices. These are the Nasdaq-100 Equal Weighted and the Nasdaq-100 Ex-Tech Sector index. The company’s migration to the various Nasdaq-100s will be effective before market open on Thursday, August 22. In its operator’s words, the Nasdaq-100 “includes 100 of stocks to buy right now the largest domestic and international non-financial securities listed on The Nasdaq Stock Market based on market capitalization.” At its most recent closing stock price of $76.38, that measure for Green Mountain totals $11.5 billion.
Source: http://www.fool.com/investing/general/2013/08/16/green-mountain-to-join-the-nasdaq-100.aspx

Nasdaq OMX Group Becomes Oversold (NDAQ)

As self-regulatory organizations (SROs), exchanges are responsible for monitoring and enforcing their members’ compliance with securities laws and exchange rules. Nasdaq has outsourced most if its equity market regulatory duties to the Financial Industry Regulatory Authority (FINRA) since it received approval from the U.S. Securities and Exchange Commission (SEC) to operate as a securities exchange in 2006. The Securities Industry and Financial Markets Association (SIFMA), which represents Wall Street, had been pushing for FINRA, or some other independent agency, to take over full supervision of exchanges to prevent conflicts of interest. New York-based Nasdaq said in a SEC filing, dated August 12, it plans to take over the surveillance of trading on its exchange. The exchange is also responsible for member examinations and investigation and prosecution of suspicious activity, but will continue to outsource those duties to FINRA.
Source: http://www.reuters.com/article/2013/08/13/us-nasdaq-regulation-finra-idUSBRE97C0M720130813

Nasdaq Asks SEC for Greater Role in Equity Exchange Supervision

Nasdaqs request to tweak its responsibilities as a self-regulatory organization comes the same month that Wall Street firms asked the SEC to consider stripping public exchanges of their SRO designation. The proposed change would give Nasdaq greater leeway to look for market manipulation, particularly at the open and close of the trading day. Nasdaq believes that its expertise in its own market structure coupled with its continued monitoring of these activities in real-time will enable it to enhance existing patterns to better detect improper activity on its market, wrote the exchange in an SEC filing . Nasdaq said it will take on oversight for real-time monitoring of compliance by market makers who are also part of any underwriting syndicates. Finra will continue to watch for activities that take place across U.S.
Source: http://www.bloomberg.com/news/2013-08-13/nasdaq-asks-sec-for-greater-role-in-equity-exchange-supervision.html

Stereotaxis makes the move to Nasdaq Capital Market

Louis Business Journal Medical device maker Stereotaxis Inc. has transferred to the Nasdaq Capital Market from the Nasdaq Global Market. The company’s securities will begin trading on the Nasdaq Capital Market effective at the start of trading on Aug. 19. The transfer of the listing is not expected to have any impact on trading, and the company will continue to trade under the symbol STXS, company officials said in a statement.
Source: http://www.bizjournals.com/stlouis/morning_call/2013/08/stereotaxis-transfers-listing-to.html

Nasdaq to take on greater policing role on its stock exchange

( QTWW ) (the “Company”), a global leader in natural gas storage systems, integration and vehicle system technologies, today announced that it has been formally notified by the Nasdaq Stock Market (“Nasdaq”) that the Company has regained compliance with the $1.00 minimum bid price requirement for continued listing on the Nasdaq Capital Market. The Company received a letter from Nasdaq on August 14, 2013 notifying the Company that because the closing bid price of the Company’s common stock was at least $1.00 per share for at least 10 consecutive business days it has regained compliance with The Nasdaq Capital Market’s $1.00 minimum bid price rule and the matter is now closed. “We are very pleased to have regained compliance with the Nasdaq listing requirements and we remain focused on positioning the business for profitability,” commented Brad Timon, Chief Financial Officer and Treasurer of Quantum. About Quantum Quantum Fuel Systems Technologies Worldwide, Inc. is a leader in the innovation, development and production of natural gas fuel storage systems and the integration of vehicle system technologies including engine and vehicle control systems and drivetrains. Quantum produces one of the most innovative, advanced, and lightweight compressed natural gas storage tanks in the world and supplies these tanks, in addition to fullyintegrated natural gas storage systems, to truck and automotive OEMs and aftermarket and OEM truck integrators. Quantum provides low emission and fasttomarket solutions to support the integration and production of natural gas fuel and storage systems, hybrid, fuel cell, and specialty vehicles, as well as modular, transportable hydrogen refueling stations.
Source: http://finance.yahoo.com/news/quantum-technologies-regains-compliance-nasdaq-130000806.html

Quantum Technologies Regains Compliance with Nasdaq Listing Requirements

One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which measures momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30. In trading on Friday, shares of Nasdaq OMX Group ( NASD: NDAQ ) entered into oversold territory, hitting an RSI reading of 29.3, after changing hands as low as $30.75 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 46.7. A bullish investor could look at NDAQs 29.3 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of NDAQ shares: Looking at the chart above, NDAQs low point in its 52 week range is $22.49 per share, with $34.41 as the 52 week high point that compares with a last trade of $30.92.
Source: http://www.forbes.com/sites/dividendchannel/2013/08/16/nasdaq-omx-group-becomes-oversold-ndaq/

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Obama calls on Greece to balance growth, austerity

President Barack Obama speaks at Marine Corps Base-Camp Pendleton in California, August 7, 2013. Credit: Reuters/Larry Downing By Steve Holland WASHINGTON | Thu Aug 8, 2013 5:37am EDT WASHINGTON (Reuters) – The economic policy speeches President Barack Obama has been delivering in recent weeks are turning out to be blunt attacks on Republicans, with an eye toward coming fiscal battles and the 2014 congressional elections. Obama’s basic message across the country, most recently sounded on Tuesday in Arizona, is that while he has made great strides in improving the economy, further progress is being thwarted by Republicans in the U.S. House of Representatives. By obstructing his proposals, Republicans are hurting the nation’s “most vulnerable children,” Obama said, along with farmers, the military, home-buyers, middle-class job seekers, immigrants and businesses seeking to hire immigrants.
Source: http://www.reuters.com/article/2013/08/08/us-usa-politics-obama-analysis-idUSBRE97606B20130808

Nixed Putin-Obama summit not really about Snowden, analysts say

White House officials confirmed Wednesday that President Barack Obama met “his longtime friend Jeffrey Katzenberg,” the CEO of DreamWorks Animation for dinner last night in Los Angeles following the taping of The Tonight Show with Jay Leno. According to a pool report released Wednesday: The two dined alone at Obama’s Woodland Hills hotel. White House press secretary Jay Carney did not answer questions about where in the hotel the dinner was held or who paid for it. The White House did not release information about the president’s other plans last night despite questions from pool. Katzenberg is considered by far Obama’s biggest Hollywood fundraiser. During the last presidential election he gave more than $3 million to the pro-Obama super PAC Priorities USA.
Source: http://www.hollywoodreporter.com/news/obama-dines-jeffrey-katzenberg-los-601906

web link Trenin lamented Obama’s decision to cancel on Putin as heralding a policy of putting more pressure on Russia to appease critics in Washington. Since the Kremlin gave Snowden permission to enter Russia after a five-week holdout at Moscow’s Sheremetyevo International Airport, politicians in Washington have been clamoring for a retaliatory gesture, suggesting Obama skip the St. Petersburg meeting or, better yet, call a boycott of the 2014 Winter Olympics to be held in the southern Russian resort of Sochi. A retired Red Army officer and former nuclear negotiator in the Soviet era, Trenin likened Obama’s cancellation of his meeting with Putin to Soviet leader Nikita Khrushchev calling off a 1960 summit with President Dwight D. Eisenhower to protest the U-2 spy plane incident.
Source: http://www.latimes.com/news/world/worldnow/la-fg-wn-putin-obama-summit-snowden-20130807,0,5003711.story

President Barack Obama and Greek Prime Minister Antonis Samaras talk during their meeting in the Oval Office of the White House in Washington, Thursday, Aug. 8, 2013. The White House said the meeting will underscore ongoing support for Greece’s efforts to reform its economy and promote a return to prosperity. Photo: AP President Barack Obama and Greek Prime Minister Antonis Samaras… President Barack Obama meets with Greek Prime Minister Antonis Samaras in the Oval Office of the White House in Washington, Thursday, Aug. 8, 2013. The White House said the meeting will “underscore ongoing support for Greece’s efforts to reform its economy and promote a return to prosperity.” Photo: AP President Barack Obama meets with Greek Prime Minister Antonis…
Source: http://www.sfgate.com/news/politics/article/Obama-calls-on-Greece-to-balance-growth-austerity-4716440.php