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Higher Education in America

 Higher Education in America U.S.A. –-(Ammoland.com)- Distinguished Professor Emeritus of Economics at Ohio University Richard Vedder's new book, “Restoring the Promise,” published by the Independent Institute based in Oakland, California, is about the crisis in higher education. He summarizes the three major problems faced by America's colleges and universities. First, our universities “are vastly too expensive, often costing twice as much per student compared with institutions in other indu...
Tags: Guns, America, South Africa, National Bureau of Economic Research, Oakland California, Independent Institute, Ohio University, Richard Arum, Josipa Roksa, Federal Reserve Bank of New York, NAEP, Vedder, Gun Rights News, Walter E. Williams, George Mason University Williams, State Against Blacks


Trump claims China tariffs help, not hurt U.S., talks still on

By DEB RIECHMANN WASHINGTON  — President Donald Trump said Friday that trade talks between China and the U.S. were continuing in a “very congenial manner” despite new tariffs the U.S. imposed Friday on $200 billion in Chinese imports and Beijing’s vow to retaliate. In a series of blustering morning tweets, Trump also claimed the new tariffs will help rather than hurt the U.S. and bring “FAR MORE wealth.” He offered a proposal he said would ease any negative impact on U.S. farmers from lost sales...
Tags: Washington, China, Sport, Beijing, Soccer, United States, Treasury, Donald Trump, Princeton, Columbia, Trump, U S, Chinese Foreign Ministry, Federal Reserve Bank of New York, DEB RIECHMANN, Steven Mnuchin


Ramped up trade war will mainly hurt U.S. consumers

President Trump this week surprised trade officials here and in China as he vowed, in a tweet, to boost tariffs to 25 percent on hundreds of billions of dollars’ worth of Chinese imports. The move has alarmed American business groups, but is viewed by others as a negotiating tactic and still others as a welcome “get tough” approach. For instance, Fox News host Lou Dobbs saw it as a rebuke of “globalists and elitists,” who he believes are driving the U.S. into economic decline. But nationalistic ...
Tags: Supreme Court, Opinion, China, Sport, Soccer, Editorials, Fox News, Trump, Democratic, Mueller, Garcetti, LOU DOBBS, Federal Reserve Bank of New York, Green New Deal, House Barr


Many college grads feel their grip on middle class loosening

By Josh Boak and Emily Swanson, The Associated Press A college degree has long been a ticket to the U.S. middle class. It typically confers higher pay, stronger job security, greater home ownership and comparatively stable households. Those benefits have long been seen as worth the sacrifices often required, from deferred income to student debt. Yet college graduates aren’t as likely as they once were to feel they belong to the middle class, according to a collaborative analysis of the 2018 Gene...
Tags: Apple, America, Sport, Chicago, Soccer, Associated Press, University Of Chicago, Black, Fed, Sen Elizabeth Warren, Provo, College Board, Young Invincibles, Roosevelt University, NORC, Federal Reserve Bank of New York


California Assembly bill on consumer loans will only end up hurting the poor

President Trump has made unprecedented strides in undoing stifling and harmful regulations in an effort to remove the government’s chokehold on consumers and small businesses. Those efforts are bearing fruit in the strong economy we are experiencing today. Despite the Administration’s successes in this area, however, state legislatures around the country are working overtime to block Trump’s antiregulatory agenda. One such effort is happening in my home state of California and concerns the regul...
Tags: California, Opinion, Sacramento, Georgia, Sport, Soccer, North Carolina, Trump, Bureau, Assembly, Golden State, Consumer Financial Protection Bureau, Grayson, Federal Reserve Bank of New York, California California, Xavier Becerra


United States: FSB Encourages ISDA To Consult On Third LIBOR Trigger And Parameters Of Spread Methodology - Cadwalader, Wickersham & Taft LLP

The heads of the UK Financial Conduct Authority and the Federal Reserve Bank of New York, acting as co-chairs of the Financial Stability Board's ("FSB") Official Sector Steering Group ("OSSG"),
Tags: News, Financial Stability Board, United States, Fsb, Federal Reserve Bank of New York, UK Financial Conduct Authority, Taft LLP, ISDA


Mortgage originations sink to 4-year low: New York Fed

Mortgage originations sunk to a four-year low in 2018, according to the Federal Reserve Bank of New York's quarterly household debt report released Tuesday.
Tags: Radio, Wall Street Journal, Equifax, New York Fed, Federal Reserve Bank of New York, Markets & Economy, Car Loans, Mortgage Loans, Mortgage Originations


Economic red flag: 7 million Americans 3 months behind on car payments

A record seven million Americans are 90 days or more behind on their auto loan payments, the Federal Reserve Bank of New York reported Tuesday, even more than during the wake of the financial crisis era.Economists warn this is a... [Author: [email protected]]
Tags: Business, Federal Reserve Bank of New York


Bangladesh sues Manila-based bank in NY over heist

DHAKA,Bangladesh (AP) — Bangladesh’s central bank has filed a lawsuit in a New York court against a Philippine bank over the heist of $81 million from its account with the Federal Reserve Bank of New York in 2016. Abu Hena Mohd. Rajee Hassan, head of Bangladesh Bank’s Finance Intelligence Unit, told The Associated Press Friday […]
Tags: Business, New York, News, Nation, Bangladesh, Associated Press, Dhaka, Manila, Federal Reserve Bank of New York, Bangladesh AP, Abu Hena Mohd Rajee Hassan, Bangladesh Bank s Finance Intelligence Unit


U.S. Asserts Guaido's Control Over Key Venezuela Bank Accounts

Pompeo determined that Guaido has authority over the nation’s accounts at the Federal Reserve Bank of New York and other U.S.-insured banks, State Department deputy spokesman Robert Palladino said in a statement.
Tags: News, State Department, Federal Reserve Bank of New York, Pompeo, Robert Palladino, Guaido, Control Over Key Venezuela Bank Accounts


U.S. Asserts Guaido's Control Over Venezuela Accounts at the Fed

Pompeo determined that Guaido has authority over the nation’s accounts at the Federal Reserve Bank of New York and any other U.S.-insured banks, State Department deputy spokesman Robert Palladino said in a statement.
Tags: News, State Department, Fed, Federal Reserve Bank of New York, Pompeo, Robert Palladino, Guaido, Control Over Venezuela Accounts


Top Official Says the Fed Will Adjust if the Economy Weakens

The president of the Federal Reserve Bank of New York said the Fed’s plans for future rate increases will depend on continued economic growth.
Tags: News, Interest Rates, Fed, Federal Reserve Bank of New York, Banking and Financial Institutions, Economic Conditions and Trends, United States Economy


Start-Ups Aren't Cool Anymore

A lack of personal savings, competition from abroad, and the threat of another economic downturn make it harder for Millennials to thrive as entrepreneurs. From a story: Research suggests entrepreneurial activity has declined among Millennials. The share of people under 30 who own a business has fallen to almost a quarter-century low, according to a 2015 Wall Street Journal analysis of Federal Reserve data. A survey of 1,200 Millennials conducted in 2016 by the Economic Innovation Group found th...
Tags: Tech, Research, Silicon Valley, Federal Reserve, Wall Street Journal, U S Senate, Economic Innovation Group, University of Texas at Austin, Federal Reserve Bank of New York, EIG, John Lettieri, Michael Sadler, Austin New York, Matt Krisiloff


Trump Attacks the Fed as Stocks Fall and the Midterms Loom

The president, who has hitched his political fortunes to the market’s rise, is blaming increases in interest rates for its fall. Some experts warn that the broadsides threaten the Fed’s independence.
Tags: News, Interest Rates, Taxation, Fed, Federal Reserve Bank of New York, Stocks and Bonds, Banking and Financial Institutions, United States Economy, United States Politics and Government, Standard & Poor's 500-Stock Index, Federal Taxes (US, Inflation (Economics, Trump Attacks the Fed


U.S. inflation expectations stable over three years: NY Fed survey

U.S. inflation expectations for both one and three years into the future were unchanged last month, according to a Federal Reserve Bank of New York survey that painted a picture of price stability among consumers.
Tags: Money, businessNews, Federal Reserve Bank of New York, NY Fed


United States: SEC Chief Information Officer To Head Technology Group At The NY Federal Reserve Bank - Cadwalader, Wickersham & Taft LLP

Chief Information Officer Pamela C. Dyson will leave the SEC to join the Federal Reserve Bank of New York as executive vice president
Tags: News, United States, SEC, Federal Reserve Bank of New York, Taft LLP, NY Federal Reserve Bank Cadwalader Wickersham, Pamela C Dyson


Report: Cash-strapped Americans willing to leverage their homes to pay the bills

As U.S. household debt rises and wages stagnate, millions of Americans are thinking about tapping into home equity to keep up with day-to-day expenses. Twenty-four million homeowners believe borrowing against home equity is an acceptable way to cover regular bills, according to a Bankrate.com report released on Wednesday. Cash-strapped millennials, low earners and the less educated were most likely to think home equity offered an appropriate solution to ordinary bills. “Regular household bills s...
Tags: Business, Real Estate, California, Housing, Sport, Soccer, Southern California, Bryant, Bankrate, Federal Reserve Bank of New York, GfK, Ladera Ranch, Greg McBride, Top Stories LADN, Top Stories OCR, Top Stories PE


Report: Cash-strapped Americans willing to leverage homes to pay bills

As U.S. household debt rises and wages stagnate, millions of Americans are thinking about tapping into home equity to keep up with day-to-day expenses. Twenty-four million homeowners believe borrowing against home equity is an acceptable way to cover regular bills, according to a Bankrate.com report released on Wednesday. Cash-strapped millennials, low earners and the less educated were most likely to think home equity offered an appropriate solution to ordinary bills. “Regular household bills s...
Tags: Business, Real Estate, California, Housing, Sport, Soccer, Bay Area, Southern California, Bryant, Bankrate, Federal Reserve Bank of New York, GfK, Greg McBride, Top Stories LADN, Top Stories OCR, Top Stories PE




Forbes Offers Detailed Rebuttals to Perceived Reverse Mortgage Risks

Forbes over the holiday weekend published a point-by-point rebuttal of a recent Philadelphia Inquirer article that questioned whether reverse mortgages were too risky for older homeowners. Jack Guttentag offered his more upbeat assessment of Home Equity Conversion Mortgages, eventually concluding that all of the potential downsides involved are plainly explained to the average borrower. “The obligations of reverse mortgages are very clear,” Guttentag, who also runs the “Mortgage Professor” blog ...
Tags: News, Finance, Forbes, Philadelphia Inquirer, Wharton School, Inquirer, Federal Reserve Bank of New York, HECM, Reverse Mortgage, Jack Guttentag, Guttentag, Forbes Guttentag


Todays Agenda: Manafort Trial, Day Two

Good morning. Witness testimony in Paul Manafort’s trial resumes this morning at 9:30 a.m. Here’s more on that, and on the other stories our team is following. (Updated.) Stories We’re Following Judge T.S. Ellis let the jury pick when the trial would resume today; they settled on 9:30 a.m. Our trial coverage team — Tierney Sneed and Caitlin MacNeal — will be at the courthouse for witness testimony. The first witness is expected to be Daniel Rabin, a political consultant who, like yesterday’...
Tags: News, Supreme Court, Senate, White House, Ukraine, Fbi, Gop, House, Michigan, Alexandria, Wells Fargo, Trump, Caitlin Macneal, Tierney Sneed, Allegra Kirkland, Hank Greenberg


The Biggest Homeownership Hurdles for Millennials

Millennials should be making a sizable stamp in homeownership, but they have been largely absent from the housing space. Why is it that the largest generation in U.S. history isn’t participating in real estate as heavily as its predecessors? There are many difficulties standing in their way, according to new research. A recent report by the Urban Institute, “Millennial Homeownership: Why Is It So Low, and How Can We Increase It?” delves deeper into the generational home-buying gap to assess the ...
Tags: News, Homeownership, New York City, San Francisco, Radio, Millennials, National, Latest News, Urban Institute, U S Census Bureau, Gen Xers, Real Estate News, Federal Reserve Bank of New York, Pew Charitable Trust, Real Estate Trends, Lead Story


Subway Delays Hit Low-Income New Yorkers the Hardest, Report Says

The Federal Reserve Bank of New York said that lower incomes are linked to longer commutes, so when the system melts down, low-income New Yorkers are more likely to feel it.
Tags: News, Subways, New York City, Commuting, Income, Metropolitan Transportation Authority, Federal Reserve Bank of New York, Delays (Transportation, Transit Systems


New York City subways are chronically delayed — but it's not as bad for rich people

The New York City subway experiences more delays than any other major rapid transit system in the world.  But high-income subway riders are less likely to face subway delays, according to a new report from the Federal Reserve Bank of New York.  The researchers say that low-income New Yorkers tend to live further from central Manhattan (where many jobs are concentrated). They also have fewer transit alternatives when the subway breaks down. There's no clear solution to the issue, especially as ...
Tags: New York City, Trends, Brooklyn, New York Times, Mta, Manhattan, Bronx, Gorton, Federal Reserve Bank of New York, Brooklyn Queens, Metropolitan Transportation Authority MTA, New York City 's Grand Central Station, Upper West Side SoHo Tribeca, Coney Island East New York, Harlem Nicole Gorton, Maxim Pinkovskiy


Impossible Goal of Homeownership May Be Possible Despite Student Loan Debt, Says Ameritech Financial

Rohnert Park, CA – June 13, 2018 (PRNewswire) Student loan debt is a significant factor restraining millennials from the home buying market, according to recent research. Analysis by the Federal Reserve Bank of New York indicates that student loan debt decreased homeownership among those between the ages of 28 and 30 from 2007 to 2015. Further, the study suggests that if student debt levels had remained equal to 2001, more than 360,000 people in that age group would have owned a home in 2015. Hu...
Tags: Real Estate, Students, Homeownership, Radio, Student Loans, Loans, Loan, Student, Department Of Education, Rohnert Park, New York Fed, Real Estate News, Federal Reserve Bank of New York, Ameritech, Ameritech Financial, Tom Knickerbocker


U.S. inflation seen flat, income weaker: NY Fed survey

NEW YORK (Reuters) - U.S. inflation expectations were flat in May after several months of gains, while Americans grew more pessimistic about income and spending growth, according to a Federal Reserve Bank of New York survey published on Monday.
Tags: New York, Money, businessNews, Reuters U S, Federal Reserve Bank of New York, NY Fed


Confidence in Housing as an Investment Rises

With appreciation climbing and equity growing, homeownership is the investment to make—and according to new research, Americans believe it is a solid vehicle for wealth. Sixty-five percent of respondents to a survey by the Federal Reserve Bank of New York believe buying a home is a “somewhat good” or “very good” investment; less than 11 percent believe it is “bad.” Among buyers, the likelihood of a purchase is 63.9 percent, a slight uptick from 63.6 percent in 2017. The confidence is considerabl...
Tags: News, Homeownership, Housing, Radio, National, Mortgage Rates, Latest News, New York Fed, Real Estate News, Federal Reserve Bank of New York, Buying/Selling, Home Prices, Home-Buying, Suzanne De Vita, Housing Confidence, House Canary


Effective debt management: How to increase savings and get rid of that debt load

Total household debt rose to an all-time high of $13.15 trillion at year-end 2017, according to the Federal Reserve Bank of New York. So, what might you do if you’re burdened with debt?  Here are some effective ways to drop debt and bolster savings.            [Author: Special for USA TODAY]
Tags: Usa, News, Federal Reserve Bank of New York, Special for USA TODAY


5 Business Skill Areas to Help You Succeed

Sponsored Post It’s no secret that business is one of the most popular fields of study for college students. Degrees in business and related subjects like finance, accounting, management and economics are traditionally chosen by those who are looking for versatile coursework based in practical, real-world topics that can be applied to many careers. The choice is a smart one. Business graduates are in high demand nationwide with many earning impressive salaries. While there are a variety of busi...
Tags: Sponsored, Sales, Canada, United States, Bba, Business Administration, Husson, Federal Reserve Bank of New York, Small Business Advice, Graduate Management Admission Council, Demand Media, PayScale College Salary Report, Husson University Online For those interested, Husson University Online, BSBA, Husson University Online This


Tariffs are no more than wishful thinking

Trade wars and tariffs aren’t the key to prosperity or protecting American workers. Throughout his presidential campaign, and even long before he ever announced his presidential ambitions, Donald Trump has lambasted international trade agreements as being unfair to the United States and to American workers. But freer trade between nations is not the sort of zero-sum game that Trump seems to believe it is. While it is true that globalization and freer trade between nations have contributed to the...
Tags: California, Opinion, Washington, Los Angeles, Sport, Soccer, United States, Editorials, Starbucks, Donald Trump, Trump, Bush, Barbara Bush, Nafta, Los Angeles County, Ball State University