Student loan debt in the US balloons out of contro...

Author’s Bio: The following article is by Sophie Kinsella, a Contributing Columnist for OVLG. She has completed her graduation in Finance and is currently working with an investment firm in California. She basically focuses on OVLG’s brand reputation and prepares oak view law group reviews and press releases. The important detail that you should know about student loan debt is that these debts cannot disappear unless...

10 Tips for Young Entrepreneurs – Avoid Premature ...

The main step that can help you avoid premature bankruptcy not just as a common man but also as a young entrepreneur is budgeting. Budgeting can help you manage your finances well. As a young entrepreneur, when you are trying to establish a successful business, you will have to be aware of all of the financial decisions that you are taking. A wrong step ahead can lead to financial crisis and subsequent breakdown of your...

Investors See Huge Mortgage Mess Mending Cost

Doubleline Capital Management portfolio manager Vincent Fiorillo said it will take at least $100 billion to put an end to litigations against banks with faulty mortgages or restrain the state attorney general from filing lawsuits. This amount is four times the $25 billion settlement amount involved in ongoing talks to settle mortgage issues. Fiorillo said the idea of big settlement allows a clean start. A member of the...

Higher October Existing Home Sales, Pricing Recove...

Low mortgage interest rates and rent increases encouraged home buyers to cause an unexpected home sales rise of 1.4% in October, said the National Association of Realtors on Monday. September’s revised rate of 4.90 million went up to an annual rate of 4.97 million units against poll’s expectation of rate to fall to 4.8 million. Still, the increase did nothing as median existing home sales price was 4.7% lower last month...

Poor Rate Actually Higher at 49 Million Said Lates...

The Census Bureau reported a higher number of poverty rates for the elderly, Asians and Hispanics. It has hit a record 49 million in 2010, higher by 16%. This contradicts the September official data that said the number of poor Americans was at 46.2 million. People aged 65 and up contributed the highest percentage at 15.9% as they are badly affected by Medicare’s out-of-pocket medical expenses and co-pays. The official...

$3 Trillion in Savings Sought by Democrats

Democrats proposed a budget cut of up to $3 trillion that would affect long-term spending like Medicare. They also propose to increase taxes of up to $1.5 trillion to help aid the country’s financial troubles that may increase the national debt. Republicans, however, resist the proposal which they say is not serious. The November 2012 congressional and presidential elections could be dividing the two parties over...

Small Buys to Get Maximum Fees from Visa, MasterCa...

Effective October 1st, Visa Inc and MasterCard Inc will impose maximum fees even on the smallest debit-card purchases. The fees will be passed to the biggest lenders like JPMorgan Chase & Co. and Citigroup Inc. Retailers are now charged 1.55% of purchase amount in addition to 4 cents for small ticket transactions below $15 or 7 cents for a $2 coffee. Merchants cost would increase 3 times under Federal Reserve rules with...

Obama Campaign Event Will Have Warren Buffett as H...

A Barack Obama campaign official said billionaire investor Warren Buffett agreed to head an event in Chicago to help raise funds for the U.S. president’s re-election bid in 2012. The $35,800 a ticket October 27 event will take place in a Chicago North Shore home where major donors from Obama’s 2008 presidential run are expected to attend. Inspiring the supposed Buffett Rule, Obama proposed a tax raise on the...