FACT SHEET: The Export-Import Bank: Supporting American Exports and ... - Whitehouse.gov (press release)

The Export-Import Bank, or “Ex-Im,” is a critical tool in the bipartisan trade agenda that helps U.S. businesses succeed in global markets and grow their exports. Ex-Im equips companies with financing they need to go toe-to-toe with foreign rivals ...

Tuesday, June 30, 2015

The Top 6 Ways of How to Raise Capital on a Continuous Basis - Entrepreneur

As a startup, you are always going to be raising capital. Learning how to pitch successfully is important and pitching as often as possible increases your chances of raising more capital for your business. If you go after capital investment from ...

Tuesday, June 30, 2015

5 Things You'll Never Hear From a Successful Entrepreneur - Entrepreneur

Nevertheless, there are fundamental qualities that almost every successful entrepreneur shares in common. They are passionate, imaginative and undaunted by the inevitable challenges of starting a business from scratch. That's why you'll never hear a ...

Monday, June 29, 2015

KKR Settles Over 'Broken Deal' Expenses - New York Times

For years, private equity firms operated behind a curtain of mystery when it came to how they passed along expenses to investors. The Securities and Exchange Commission is now beginning to pull back the curtain and shine a light on those practices.

Monday, June 29, 2015

12 Steps to Go From Employee to Entrepreneur - TIME

If you're fed up with your job, it may seem like there are only two steps to becoming an entrepreneur. The first is to quit your job, and the next step is to start a company. While it is possible to transition successfully from employee to entrepreneur ...

Sunday, June 28, 2015

How To Crush Credit Card Debt, From An Ex-Banker - Forbes

We are a nation addicted to credit card debt. Americans have amassed $857 billion of it. As we begin to forget the 2008 financial crisis, banks have once again started aggressively marketing credit cards. I receive mail every week promising me bonus ...

Wednesday, June 24, 2015

Looking for the next crisis? Try student debt - USA TODAY

The numbers are staggering: more than $1.2 trillion in outstanding student loan debt, 40 million borrowers, an average balance of $29,000. It's not hard to find indications that student debt is a large (and growing) problem. But unless you or someone ...

Wednesday, June 24, 2015

What gas prices really mean to the American household - Brookings Institution (blog)

That analysis starts with elasticity of demand. Since so many of us drive to get to work, pick up our kids, shop for groceries—basically, to do anything—we have little choice but to buy the same amount of gas even when the price goes up. It's also ...

Tuesday, June 23, 2015

When Retirement Savings Are Unsafe - New York Times (blog)

The Department of Labor is about midway through a public comment period on its “fiduciary rule” proposal to require financial advisers to act solely in their clients' best interests when giving advice and selling investments for retirement accounts ...

Monday, June 22, 2015

How to tame student loan debt and afford a mortgage - The Detroit News

This ratio is one factor lenders use to decide whether a buyer can afford a mortgage payment. Generally, mortgage lenders prefer a debt-to-income ratio of 36 percent or less. In some situations, lenders will approve mortgages with higher debt-to-income ...

Monday, June 22, 2015

Ed Lotterman: Rising egg prices provide lesson in markets' elasticity - The Idaho Statesman

This deals with how percentage changes in the price of an item are associated with percentage changes in the quantities sold or bought. For eggs, this would be the “own-price elasticity of supply” and the “own-price elasticity of demand” respectively.

Saturday, June 20, 2015

US Job Markets Are Returning to Peak Employment. Where Does Yours Rank? - Wall Street Journal (blog)

Just over half of U.S. metropolitan areas have surpassed prerecession employment, according to a new report from the U.S. Conference of Mayors, completing the long slog back from a downturn that ended in mid-2009. “Soon, half of all metros will have ...

Friday, June 19, 2015

Banks That Failed to Fix Mortgage Services Face Restrictions - New York Times

JPMorgan Chase, Wells Fargo and four other large banks have failed to make long-promised improvements to their mortgage operations, a federal regulator said on Wednesday. The six banks, and several others, had agreed in 2011 to make dozens of ...

Thursday, June 18, 2015

Why You Should Max Out Your Retirement Accounts - U.S. News & World Report (blog)

A retirement account can lower your income so you qualify for tax deductions. Many tax breaks are phased out for high earners. For those who are close to the margins, lowering your adjusted gross income by contributing to retirement accounts can be an ...

Wednesday, June 17, 2015

Local teen wins national young entrepreneur competition - WPBF West Palm Beach


Monday, June 15, 2015

Heading to college? 5 cards to build your credit score - USA TODAY

Owned by Bankrate (RATE), Wallaby makes software for personal finance apps and gets a small compensation when users apply for some recommended cards. Student Public Interest Research Groups (PIRGs) has some more specific guidelines for cards, ...

Monday, June 15, 2015

This map shows that each US state is basically its own country - Business Insider

If Texas were an independent country, its $1.65 trillion GDP would make it the 15th largest economy in the world, just ahead of Saudi Arabia's $1.62 trillion economy. The United State's $17 trillion economy is so enormous that the 51 smaller economies ...

Sunday, June 14, 2015

This brilliant map resizes each state proportionally to the size of its economy - Business Insider

So here's an awesome map from the cost-estimating website Fixr that illustrates the scale of each state's GDP and GDP per capita. It resizes each state proportionally to its real gross domestic product for 2014. Additionally, each state is colored with ...

Friday, June 12, 2015

No Need For Insurance: How Self-Driving Cars Will Disrupt A 200 Billion ... - Forbes

A number of insurance companies already allow customers to pay less, if the consent to install on their vehicles a 'black box' which keeps track of certain parameters, like stopping speed, acceleration, and turning radius. Usage-based insurance ...

Thursday, June 11, 2015

IEA Says Imports of Iranian Crude Highest Since Sanctions Began - Bloomberg

Oil-importing nations bought the most Iranian crude last month since world powers tightened sanctions on the country three years ago, according to the International Energy Agency. Imports of Iranian crude reached 1.4 million barrels a day in May, up ...

Thursday, June 11, 2015

5 Mistakes to Avoid When Opening a 529 College-Savings Account - Forbes

The federal tax rules are the same regardless of which 529 plan you choose. Your most difficult decision may be deciding between a broker-sold 529 savings program, a direct-sold 529 savings program, and a 529 prepaid program. Are you currently using a ...

Tuesday, June 09, 2015

Eight Steps to Improve Your Retirement Savings Shortfall - Forbes

You have probably heard the statistics, seen the doom and gloom reports, and perhaps even personally felt the strain of the $4.55 trillion retirement savings shortfall. Even more troubling is that roughly one-third of Americans have less than $1,000 ...

Tuesday, June 09, 2015

Why Auto Loans From Car Dealers Are So Hard to Regulate - Credit.com News (blog)

For example, suppose a borrower is approved for a $20,000 car loan. Also suppose that the lender wants that to be repaid in equal monthly installments over a period of four years, for which it charges a 5% annual rate of interest. The monthly payment ...

Tuesday, June 09, 2015

Ark. woman sues car dealer, claims interest rate was too high - Legal News Line

Natasha L. Fletcher filed the lawsuit in Washington County Circuit Court on April 17 against UAG Fayetteville II LLC and Ally Financial Inc., claiming her interest rate was more than 18 percent when the Arkansas Constitution caps the rate at 17 percent.

Monday, June 08, 2015

11 Financial Words All Parents Should Teach Their Kids - Forbes

If there's one subject that has the ability to impact kids throughout their entire lives, it's personal finance. Unfortunately, it's a subject that no one wants to teach them. “The practicality of teaching [finance to kids] is so important…it's the ...

Monday, June 08, 2015

Woman's car repossessed after lender charges 371% APR - kjrh.com

According to Legal Aid, she was not told she would have to pay what became an annual percentage rate of 371 percent on her loan. Despite paying $200 toward it each month, Williams says the loan got bigger. "Why was this loan blowing up bigger, instead ...

Monday, June 08, 2015

Weak US productivity, rising labor costs stir inflation concern - Reuters

WASHINGTON U.S. nonfarm productivity fell more sharply than initially thought in the first quarter, leading to a jump in labor-related production costs, a trend that could ignite inflation if sustained. Other data on Thursday showed the labor market ...

Thursday, June 04, 2015

Here's where you'll find inflation in the world - Business Insider

"Developed markets have been battling against extremely low inflation. ... Countries have been dipping in and out of deflation and the drag from energy prices has played a significant role in this story," according to HSBC's James Pomeroy. Core ...

Thursday, June 04, 2015

Traditional IRA vs Roth IRA: What's the Difference? - The Cheat Sheet

A Traditional IRA experiences tax-deferred growth, which means you contribute pre-tax dollars and pay ordinary income taxes when you make withdrawals in retirement. Depending on your income and if your spouse is already covered by a retirement plan at ...

Thursday, May 21, 2015

The Interest Rate vs. the Annual Percentage Rate - Wall Street Journal

When applying for a mortgage, potential borrowers may consider two terms interchangeable: the interest rate and the annual percentage rate. They sound like the same thing but are, in fact, much different. The confusion over the terms comes up a lot ...

Thursday, May 21, 2015