Smart-pig.com: Start-up Student Loans Company Pair Shortlisted For National Award – Coventry Telegraph

Two years on, the start-up has been nominated in the Alternative Lender of the Year category for the Credit Today Awards 2014. The brainchild of former Warwick University student Tom Parks and his old schoolmate Shreiff Benaziza, the idea for the company came about after student loan forgiveness for nurses Shreiff suffered a bad experience while at university. He explained: I needed a bit of extra money. My bank refused to extend my overdraft and I didnt want to go to my parents so I ended up using a short-term loan firm. It was just a disaster. The reason Smart-Pig.com is different he says is because it cares about the people it lends money to. <br>Source: <a href='http://www.coventrytelegraph.net/news/coventry-news/smart-pigcom-start-up-student-loans-company-6923546&#039; >http://www.coventrytelegraph.net/news/coventry-news/smart-pigcom-start-up-student-loans-company-6923546</a&gt;

The $1.1 Trillion Student Debt Burden Is Paralyzing a Generation

So, it definitely seems noticeable, he said. At the other end of the spectrum is Zbylut, an accountant-turned-attorney in Glendale, Calif. Hes been chipping away at nearly $160,000 in student debt since graduating in 2005 from law school at Loyola University in Chicago. Now 48, the tax attorney estimates he could have $150,000 to $200,000 in a 401(k) had the money hes paid toward loans gone there. Im sitting here in traffic. <br>Source: <a href='http://www.alaskajournal.com/Alaska-Journal-of-Commerce/April-Issue-1-2014-1/1-trillion-student-loan-debt-widens-US-wealth-gap/&#039; >http://www.alaskajournal.com/Alaska-Journal-of-Commerce/April-Issue-1-2014-1/1-trillion-student-loan-debt-widens-US-wealth-gap/</a&gt;

$1 trillion student loan debt widens US wealth gap

They are also the best educated generation but they have paid dearly for that distinction, graduating with an average debt load of $27,000. College grads are concerned about their high levels of debt, and are worried about paying it back. The Urban Institute found that 57% of those with student loans said that this issue concerns them, with those making the least money under $25,000 annually being the most worried. A study by Wells Fargo found a similar result, with 36% of Millennials polled admitting that student debt is their primary financial concern. Some even question the value of taking on so much debt: nearly one-third said that they now feel they would have been better off skipping collegealtogether. <br>Source: <a href='http://www.fool.com/investing/general/2014/04/05/the-11-trillion-student-debt-burden-is-paralyzing.aspx&#039; >http://www.fool.com/investing/general/2014/04/05/the-11-trillion-student-debt-burden-is-paralyzing.aspx</a&gt;

3 Dumb Student Loan Myths That Can Bankrupt Smart Borrowers – Forbes

Smith, an attorney who works with the National Consumer Law Center, estimates that "thousands and thousands" of former students fall in that category. The U.S. Department of Education proposed rules last month that target career colleges, an industry buffeted by criticism and lawsuits. The proposal would apply to most coursework at for-profit colleges, plus the certificate programs at public and nonprofit institutions. It sets a cap for those schools on the rate at which former students default on their loans and on how much loan payments can take from typical graduates' projected earnings. Colleges that fall short no longer would be eligible to receive students' federal aid, the predominant source of revenue for most for-profit institutions. <br>Source: <a href='http://www.baltimoresun.com/business/bs-bz-student-loan-debt-trade-schools-20140406,0,6952592.story&#039; >http://www.baltimoresun.com/business/bs-bz-student-loan-debt-trade-schools-20140406,0,6952592.story</a&gt;

Loan debt from bad schools haunts former students – baltimoresun.com

There are many different ways that you can repay you loan, and there is always one that will fit your budget. In fact, with certain types of student loans, you can even get student loan forgiveness under certain repayment plans if you simply cant afford it. So, dont simply settle for the Standard Repayment Plan if you cant afford it. Contact your lender and see what other options are available to you based on the loan type you have. Myth #3: You Have To Pay Someone To Get Help Repaying Your Student Loans Finally, the myth that frustrates me the most is where an advisor or company wants you to pay them a fee to help you with your student loan debt. <br>Source: <a href='http://www.forbes.com/sites/robertfarrington/2014/04/04/3-dumb-student-loan-myths-that-can-bankrupt-smart-borrowers/&#039; >http://www.forbes.com/sites/robertfarrington/2014/04/04/3-dumb-student-loan-myths-that-can-bankrupt-smart-borrowers/</a&gt;

Stocks Close Near Record Ahead Of Jobs Report

Dow Stays Flat, But Nike, Home Depot Point to Weakness in High-Growth Stocks

In government bond trading, bond prices rose. The yield on the 10-year Treasury note fell to 2.79 percent from 2.80 percent on Wednesday. The price of oil rose 67 cents, or 0.7 percent, to $100.29 a barrel. Gold fell $6.20, or 0.5 percent, to $1,284.60 an ounce Among other stocks making big moves: Anadarko Petroleum ( APC ) jumped $12.55, or 14.5 percent, to $99.02 after the company announced that it had reached a $5.15 billion deal to settle claims arising from the 2009 bankruptcy of paints materials maker Tronox. A U.S.
Source: http://www.cbsnews.com/news/stocks-hover-near-record-ahead-of-jobs-report/

U.S. Stocks Fall From Records With Tech, Consumer Shares

Yet, despite the fact that the Dow’s flat performance today suggests investors’ willingness to own stocks even after a massive five-year bull run, flagging performance from growth stocks Nike (NYSE: NKE ) and Home Depot (NYSE: HD ) hints at fatigue among high-momentum gainers that have led the Dow and other markets higher over the years. Source: Nike. Nike’s three-quarter percent drop is just the latest in a series of declines ever since last month’s earnings report for the athletic shoe and apparel maker. As tempting as it is to blame the company’s bad fortune on short-term news events like the withdrawal of endorsement partner Tiger Woods from the Masters golf tournament later this month, Nike has many investors wondering whether it can sustain its growth pace without a stronger contribution from high-potential markets like China.
Source: http://www.fool.com/investing/general/2014/04/03/dow-stays-flat-but-nike-home-depot-point-to-weakne.aspx

Stocks Pause Ahead of Big NFP Day

Concerns about currency depreciation and corporate defaults have been overshadowing evidence that China is moving toward achieving necessary structural reforms and that there’s likely to be a quicker timetable for key reforms than http://www.todayhotstocks.com many market watchers currently expect. In March, for instance, China announced a widening of its currency band , the range within which the local currency can float. Meanwhile, the country’s central bank recently suggested that it will relax control on a number of bank deposit and fixed-income product interest rates within the next one to two years. The Chinese government is unlikely to abandon their growth objectives. The government’s recent pledge of more stabilizing measures almost immediately following news of disappointing growth data indicates that China will prioritize achieving stable economic growth while gradually pushing ahead with much-needed reform.
Source: http://www.nasdaq.com/article/why-chinese-stocks-may-still-make-sense-over-the-long-run-cm341211

The gauge earlier touched an all-time high before closing within five points of its record. About 6 billion shares changed hands on U.S. exchanges, 13 percent less than the three-month average. The market still wants to be positive and has this feeling of goodwill, but at times it runs into a little bit of resistance, Robert Pavlik , chief market strategist at Banyan Partners LLC, which manages $4.5 billion, said in a phone interview.
Source: http://www.bloomberg.com/news/2014-04-03/u-s-stock-futures-little-changed-before-jobless-claims.html

Why Chinese Stocks May Still Make Sense Over the Long Run

However, ECB President Mario Draghi emphasized that the Bank will maintain an accommodative monetary policy to battle the prospect of inflation. Here in the US, the ISM Non-Manufacturing PMI rose to 53.1, which was slightly below the consensus reading of 53.5. obless claims were also a modest disappointment at 326,000, which was above expectations of 319,000. US markets still feel like they’re working off some excess following 2013’s 30% pop, though that hasn’t yet translated to the major averages as the selling is happening in riskier stocks. One good illustration of the action is the big move up in utility stocks.
Source: http://www.minyanville.com/special-features/daily-recap/articles/stocks-march-nfp-report-ecb-draghi/4/3/2014/id/54460

Fbi To Probe High-frequency Stock Trading

I don’t buy it.” Kashkari was referring to the “flash crash” of May 2010 when the Dow lost 1,000 points and regained them in 20 minutes, a move largely attributed to traders using powerful algorithmic software and high-speed cables. Kashkari, a Republican who headed global equities at Pimco, told CNBC he doesn’t think such practices can destabilize the markets, but that they don’t add any value to the financial system. Read More 3 Years Later: Learning to Live With Flash Crashes His comments come as financial journalist Michael Lewis caused a stir in the trading community Sunday night. During an interview on CBS’ “60 Minutes,” Lewis called the stock market “rigged” by a combination of investment firms, exchanges and high-speed traders. Lewis, the author of “The Big Short” and “Moneyball,” was promoting his new book, “Flash Boys: A Wall Street Revolt,” on the http://www.etftradingsignals.com/ rise of high-frequency trading. “I’m am worried,” Kashkari said.
Source: http://www.cnbc.com/id/101538618

Literally hundreds of millions of dollars are at stake. In the short term, this is a story about how Wall Street is yet again using new and extremely complex methods to make a buck. But in the long term, the outcome of this investigation could be another major shock to Main Street’s belief in the markets as a safe place to invest. My advice is to keep it simple. Buying the stock of companies you understand and believe in for the very long term will make high-frequency trading meaningless to your investing success. That said, if you own the stock of a Wall Street bank such as Goldman or JPMorgan, this investigation could result is a nice boost to trading revenue, and ultimately profit! 3 stocks to own for the rest of your life As every savvy investor knows, Warren Buffett didn’t make billions by betting on half-baked stocks. He isolated his best few ideas, bet big, and rode them to riches, hardly ever selling.
Source: http://www.fool.com/investing/general/2014/04/01/the-dow-is-tk-as-high-frequency-trading-comes-out.aspx

stock market is rigged by a combination of insiders stock exchanges, big Wall Street banks and high-frequency traders who can move faster than other investors. The Modern Markets Initiative , whose members are high-frequency trading firms, fired back Tuesday that the charges aired on 60 Minutes are inaccurate. “The markets are not rigged. Saying otherwise is a broad generalization that lumps the vast amount of good market behavior in with a few bad actors,” the group said in a statement. . #ICYMI – This morning, the @TODAYshow aired MMI's statement regarding #HFT and #FlashBoys .
Source: http://www.usatoday.com/story/money/markets/2014/04/01/high-frequency-trading-responses/7154347/

Jim Margolin, a spokesman for Manhattan U.S. Attorney Preet Bharara, declined to comment when asked if the office was looking at high-frequency trading. The FBI began focusing on high-frequency traders last year, before Schneiderman disclosed his inquiry this month. Market regulators have asked for years whether new restrictions on rapid-fire trading were needed. Daniel Hawke, the head of the Securities and Exchange Commission ‘s market-abuse unit, said in 2012 that the agency was examining practices such as co-location and rebates that exchanges pay to spur transactions.
Source: http://www.latimes.com/business/la-fi-fbi-high-speed-probe-20140401,0,868118.story

CBS News Critics say these high-frequency traders are able to see the orders of other investors before those orders are filled and then execute trades that result in high profits for the high-frequency traders — and higher stock prices for everyone else. It’s not clear that this kind of trading is illegal, but sources say the FBI will look into possible violations including wire fraud and insider trading. A law enforcement official says the investigation actually began last year. Because it is a highly technical and complex probe it will likely take months. Steve Kroft reports on a new book from Michael Lewis, “Flash Boys,” that reveals how a group of unlikely characters discovered how some high spee… As Steve Kroft reported Sunday on “60 Minutes” , this month marks the fifth anniversary of the current bull market on Wall Street, making it one of the longest and strongest in history.
Source: http://www.cbsnews.com/news/fbi-to-probe-high-frequency-stock-trading/

White declined to answer questions from Reuters on the sidelines of the hearing about whether the SEC’s probes are exploring similar topics as the FBI’s. The long-running debate about high-frequency trading intensified on Monday, after bestselling author Michael Lewis published a new book, “Flash Boys: A Wall Street Revolt.” The book contends that high-speed traders have rigged the stock market, profiting from trades made at a speed unavailable to ordinary investors. Proponents of high-speed trading have criticized the book, saying high-speed traders actually benefit other investors by providing liquidity to the market. For years, the SEC has been looking into high-speed trading and “dark pool” trading, which takes place away from major exchanges. Regulators hope to determine whether ordinary investors are at an unfair disadvantage to high-speed traders, who rapidly dart in and out of trades to earn fractions of a penny that add up to big profits over time.
Source: http://www.reuters.com/article/2014/04/01/us-congress-sec-highspeed-idUSBREA301RC20140401?feedType=RSS