Students in the Campus
“Because of this change, about 1.6 million Americans could see their payments go down by hundreds of dollars a month, and that includes some of the students who are here today,” said U.S. President Barack Obama.
U.S. President Barack Obama introduced a new plant that will answer the student’s dilemma in loan repayment after college, and most of the city’s undergrads have great approval for the move. This decision coincides with the growing numbers of American household having too much problems on College educations debts. It has been recently reported that College Educations now continuously increase on their tuitions and fees. New rules emerge pertaining to student loan repayment, according to the new rules; starting next year, remaining debt will be put under negotiations after 20 years as opposed to 25, and students would be able to reduce their monthly payments by five percent of their discretionary income.
Obama also said, “Other countries are hustling to out-educate us today so they can out-compete us tomorrow, why college education easier to achieve now is so crucial.”
China Economy Progress
“So far this year, especially in the third quarter, growth in China’s imports of goods and services has exceeded export growth. This shows that the contribution to the global recovery from China’s economy is growing,” said Shen Laiyun of National Bureau of Statistics.
Asia’s standard stock index depreciate after China’s growth was limited by tighter credit and lower demand from Europe, where Germany yesterday didn’t accepted speculation that any immediate resolution of the region’s problem is coming. A slower pace in China’s expansion, which remains five times that of the U. S., may be advantageous to Premier Wen Jiabao to control inflation that is above the government’s objective.
The incredible drop on its exports did not hinder China’s amazing progress. During the first three quarters, net exports reduced the economic growth rate by 0.1 percentage point. Little by little, China can now compete with neighbouring countries when it comes to development and progress.
Bernie Madoff Billion Dollar Fraud
“I hold him (Madoff) fully responsible for killing my husband. I’d spit in his face,” said Stephanie Madoff Mack, Bernard Madoff’s daughter in law.
Stephanie’s husband- Mark Madoff committed suicide last December, two years after his father was involved and arrested for organizing the biggest Ponzi scheme in the US. Stephanie Madoff Mack is the first family member to speak publicly about the $50 billion fraud.Her father in law, now serving a 150-year prison sentence, allegedly, sent a jailhouse letter for Stephanie after her husband’s death. Soon they will release more details on the letter and will soon discuss the issue publicly.
For the first time since the scandalous frenzy of business tycoon Bernie Madoff, to be exact, three years ago for alleged involvement to the biggest fraud scheme in American history. Stephanie Madoff Mack breaks her silence and paves way media craze into the never-before-heard Madoff’s family secrets.
Rep. Eric Cantor on Income Disparity
“We know in this country right now that there is a complaint about folks at the top end of the income scale, if they make too much, and too many don’t make enough. We are about income mobility and that’s what we should be focused on to take care of the income disparity in this country. A lot of folks on the other side of the aisle want to boil this down to personality. Let’s take some of the credit or blame here in Washington… I mean, these are policies that they put into place and there’s a lot that can be done here in this town to turn the economy around, and promote against income mobility and to go in and excoriate some who have been successful. We want success for everybody,” said Rep. Eric Cantor.
Rep. Cantor said last Sunday that we now must face growing number of unemployment and underemployed Americans. He claimed that encouraging people at the top of the income scale could help by putting their money to create businesses, which will eventually lead to creation of more jobs. He said what we need today is mobility and put policies into place, rather than focus on blaming games.
Dice generally used in gambling
“This is an economic development bill. It is going to create jobs, we have over 250,000 people out of work in the Commonwealth, and that is why we are doing this, “said Senate President Therese Murray after the vote.
The Massachusetts legislation said “YES” to a casino gambling bill that claimed to create thousands of income generator jobs and could lead to hundreds of millions in new tax revenue. However, it can invite criticism pointing grim social consequences preponderate its economic advantages.
This bill welcomes a new three resort-style casinos and one slots parlour in Massachusetts. The three casinos have different location, one in the eastern, one in the western and the other one in Southeastern Massachusetts.
IBM logo
“Mastery of getting information processing power into users’ hands in a form that they need and want. They did this in the 1930’s with punch-card tabulation machines and they are doing the same, essentially, with the-post-1993 shift to information services,” says Thomas Misa, History of Science and Technology Professor, University of Minnesota.
IBM recently turns 100 years old, Thursday. It has now market capitalization of $197 billion. IBM ruled computing form the 1960s into the early 1980s. IBM is considered the world’s 14th most valuable technology company, behind Apple but close to software tycoon Microsoft.
Misa also said, “Microsoft and Intel were the big winners in the personal market, which IBM defined but did not long dominate.”
Google logo
“The Java software platform is central to this action. The patent at issue claim improvements to the Java technology,” says Oracle.
The alleged claim of Oracle is that Google’s Android operating system infringes on patents related to Java programming technology that Oracle’s belonging through its acquisition of Sun Microsystems in late January 2010.
Oracle demands Google to pay ‘in billion of dollars’ as compensation for damages in alleged infringing on eight Oracle patents related to its Java programming language and how it is utilized in the Android operating system. Oracle claimed Java patents became Oracle ownership when it took over Sun Microsystems in the year 2009. Sun created the Java languages that are currently used by millions of open-source programmers all throughout the world.
Credit card
“For the security of our customers, and because of the ongoing law enforcement investigation, we cannot disclose further details regarding how the data breach occurred. While some customer data such as account numbers and emails were breached, the hackers didn’t obtain enough information to use the cards and accounts for fraudulent purchases,” said Citigroup officials.
Citigroup issued a public announcement that their affected customers weren’t liable for any unauthorized use of their cards and asked them to do a thorough examination on their account. They urged their customers to contact them for any suspicious transactions.
Citi now confirmed that they have replaced the cards of about 217000 clients. According to the company’s investigation, California was heavily affected with the cyber attack.
An old and abandoned gas pump
Last week, the average price of gas in Atlanta fell 3.9 gallon, the news is according to a local gasoline price-monitoring online resources.
The website, AtlantaGasPrices.com says the usual price for a gallon of regular gasoline was $3.60. It fell up to $5.1 cents per gallon last week.
In addition, Massachusetts also experiences the change in gas prices during the past week.
This is great news for travellers, putting extra smile on their face because it allows them extra pocket change. Economist hopes this news signals a new consumer confidence and higher spending power for them.
HSBC in Belo Horizonte.
“If we can’t find a buyer we will put it into rundown,” said Stuart Gulliver, CEO of HSBC.
HSBC Holdings will run down its US Credit Card business if it fails to find a buyer, Stuart said it on World Economic Forum event in Jakarta. They are looking into cutting back its cost expenditures and cut back on retail banking.
Their plans to but back in retail banking is to lift its return on equity. The company are now undecided whether to maintain its US card business, where its client base is not associated to the rest of the group.
Gulliver also said, “We need to change the shape of our business.”
