Increasing college tuition results in more non-payments on pupil unsecured loans

More individuals have to take out unsecured loans to fund a college education than ever these days. An education is invaluable. However, the nearly insurmountable costs have led to higher rates of default on those loans. It is the students who profit the least from this system. Many live each week on payday cash loans just to pay back these enormous loans.

Cost of tuition increasing leading to more unsecured loans

The rising cost of tuition for higher learning is a trend that will continue and has continued for several years. This means students have to come up with more cash. Typically this means more personal loans are taken out. Loan providers have no problem with this. It doesn't make a difference to them. There is an 11 year high for installment loan defaults from pupils trying to go to college right now. This is what Fox News reports. The taxpayers turn out to be the ones who miss out when it comes to this problem since most students are applying for those loans from the government.

So many default on loans meaning billions are lost

Currently, the Department of Education has about $880 billion in federal loans on the books in 2011, and non-payments have been on the rise at the exact same time that expenses of tuition and room and board have. From 2005 to 2008, the cost of a year's college tuition and living expenditures rose from $28,505 to $30,258. There was increase in the loans defaulted from 2008 to 2011 from $33.5 billion to $58 billion in just the last three years.

There is an unpredictable workforce graduate students are expected to enter

An increase in tuition is something pupils have to face every single day. You will find more things to look at for pupils when it comes to challenges though. You will find fewer jobs available currently with fewer wages for college graduates. This means that pupils have to borrow more just to have a smaller chance of getting a job – and a smaller paycheck.

Articles cited

Fox Business

foxbusiness.com/personal-finance/2011/01/24/default-student-loans-pays/

Oprah's secret revealed - A previously unknown half-sister

The bonds of family weigh lightly upon the spirit of those who savor each moment of fellowship with kin. A newly found golden flower amidst the twists of the familial vine has a lot to do with Oprah’s Winfrey’s recently revealed "secret," writes Pop Eater. Oprah’s family mystery was uncovered Monday, via "The Oprah winfrey Show": She has a 48-year-old half-sister named Patricia, of whom Oprah, 56, was unaware until 2010. It makes you wonder who took out the cash advance to afford to discover out this information and finally bring it to light. Article resource – Oprah’s secret revealed – A previously unknown half-sister by MoneyBlogNewz.

Good secret from Oprah

Music man John Tesh is who several expected to be Oprah's secret when it came to rekindling old love sparks. Still, the truth was more heart-warming than that. Oprah announced that her half-sister Patricia, who had been given up for adoption by Oprah’s mother Vernita Lee in 1963, currently lives in Milwaukee. Patricia, whose last name has not been exposed, has 2 adult kids, a son and a daughter. Patricia wanted to keep the information out of the public eye although she found out in 2007 that she and Oprah had the same mother. She was not able to get a hold of Vernita Lee although that was her first attempt. As Oprah admitted on her show, she was touched by Patricia’s concern.

Oprah had no idea that her mother had ever been pregnant with Patricia. During the time, Winfrey only saw her mother often as she lived with her father. After DNA testing involving Patricia and Oprah’s niece by another half-sister, the match was confirmed, and Oprah’s secret started to unfurl into a great reunion story. Oprah met her half-sister for the first time on Thanksgiving 2010, and Vernita Lee was there, too. "The news that literally shook me to my core," is what Oprah said. This was how the situation was explained to her.

Seeing the double personality in the name

According to CNN, Oprah’s mystery discovery of Patricia came with a strange twist. There was already a half sister of Winfrey's living in Milwaukee. Her name was Patricia too. The death of that Patricia happened recently. 2003 was the year. The adoptive parents named Patricia who was given up for adoption though, not Vernita Lee. The matching names were a complete coincidence.

Articles cited

CNN

marquee.blogs.cnn.com/2011/01/24/oprahs-big-announcement/

Pop Eater

popeater.com/2011/01/24/oprah-winfrey-secret-sister/

Oprah’s family secret revealed: A sister’s reunion

youtube.com/watch?v=96L1eeUhmaw

Big companies invest millions to own little films at Sundance

The Sundance Film Festival generates buzz as a launch pad for independent films. Movie reviews and red carpet photos attract much of the attention at Sundance. Film moguls go to Sundance to rub shoulders with up-and-comers who present their wares in hopes that a benefactor looking for profits will write a big check. It seems like a good start for finding out what film will bring within the greatest amount of fast money.

Returning Sundance to roots from before

The Sundance Movie Festival was known as "The United States Film Festival" in 1978 when it was founded in Salt Lake City, Utah. The first board chairman of the festival was actor Robert Redford. The United States Movie Festival moved to Park City in 1980 in hopes that a ski area would attract more crowds within the middle of winter. It was a modest annual affair until Redford’s Sundance Institute took over in 1985 and it became the Sundance Film Festival. The Sundance Institute, which promotes independent movie making, and Redford brought the event worldwide attention. In recent years the Sundance Film Festival featured bigger movies and Hollywood glitz, but for 2011 Redford made an effort to return Sundance to its independent origins.

In 2011, there are brand new deals for Sundance

Redford may be trying to bring Sundance back down to Earth, however in 2011, the 10-day affair, which concludes January 30, is still the biggest event within the world for promoting and investing in American independent films. Film corporations make news betting millions on obscure movies that might not make cash. In 2011, the first Sundance deal that happened was Lionsgate getting the rights to invest millions marketing and distributing "Buried" in North America for about $3.2 million. After an all night bidding session, Paramount Pictures won the hottest movie paying $4 million for the Sundance 2011 movie "Like Crazy.".

The future of independent films?

Selling independent films to the highest bidder isn’t the primary objective of the Sundance Movie Festival, its organizers will insist. Kevin Smith, the controversial director of such hits as “Clerks” (1994) and “Jersey Girl” (2004), sought to emphasize that point Sunday night. He sold the rights to his latest movie, “Red State,” to himself for $20. The Sundance deal was announced by him. Then he said he would assume word of mouth would be enough advertising while his business would distribute it. “Red State” played at Sundance to mixed reviews. Right now, there appear to be less of a return on Hollywood blockbusters. Maybe Smith and Sundance are going about things the better way now.
Citations

TIME

time.com/time/arts/article/0,8599,1956952,00.html

The Guardian

guardian.co.uk/film/filmblog/2010/feb/02/sundance-film-festival-deals

CNN

cnn.com/2011/SHOWBIZ/Movies/01/24/sundance.like.crazy.sale.ew/

Wall Street Journal

blogs.wsj.com/speakeasy/2011/01/19/sundance-2011-7-film-companies-hot-to-trot-in-park-city/

MTV

mtv.com/news/articles/1656516/kevin-smith-red-state-sundance-reviews.jhtml

Scott and female who falls in fountain make good viral videos

A Scott interview and the "woman falls in fountain" movie are the latest viral videos. A woman is texting on her phone, and in total oblivion to anything around her, the woman falls in a water feature that was right in front of her. The other big video comes from a post game interview from the Jets Patriots game within the National Football League playoffs. A particularly odd Scott interview, linebacker for the NY Jets, was shown on ESPN. Both entertained the United States because we didn't have to take out cash advances and buy the clips, we just had to go to YouTube. Source for this article – Top viral video roundup – Woman falls in fountain and Bart Scott by MoneyBlogNewz.

Seeing a female fall into a fountain while texting

Video footage of a female who falls into a mall water feature while texting has gotten a lot of views online. Cathy Cruz Marrero, called "Fountain Lady" by several, is shown texting without even realizing there is a fountain in front of her and falling in on the security camera video. She trips and plunges to the water feature. In Wyomissing, Penn., video was taken. It is interesting to note her workplace. The mall is where she works. Marrero went with her attorney recently on "Good Morning America" to tell how angry she was. The Washington Post reports that she wanted to know how the video leaked while she was upset that "nobody went to my aid" after falling. This won't be the first time she is going to court if the mall gets sued. She was charged with using a co-worker's credit card earlier this year already.

youtube.com/watch?v=jPW8xmI4w6U

The Bart Scott video

Scott is in the other huge movie. After the NFL playoffs where the Jets beat the New England Patriots, New York Jets linebacker Scott gave an emotional interview with ESPN's Sal Paolantonio. "Poetic Justice!" was practically shouted into the microphone by Scott. He said the Patriots' defense "couldn't stop a nose bleed" as well. USA Today reports that Brett Scott admit “I probably won’t live it down for awhile," while saying he was inspired by Hulk Hogan.

youtube.com/watch?v=QJshw2Axsqc

Information from

Washington Post

washingtonpost.com/wp-dyn/content/article/2011/01/20/AR2011012003553_2.html

USA Today

content.usatoday.com/communities/thehuddle/post/2011/01/jets-bart-scott-rex-ryan-steelers/1

Good Morning America fountain lady

youtube.com/watch?v=AOBZmNVgOz0

Eva Longoria sued in California while Beso files Nevada bankruptcy

Actress Eva Longoria is now being sued. The lawsuit is being brought by a business associate. Longoria has been accused of usury – charging an excessive amount of interest. The state of Nevada is handling the bankruptcy case of the restaurant. The suit against Longoria has been filed in California. personal loan|She is making sure that nothing forces her to live off of payday cash loans|She is making sure that nothing forces her to live off of a payday loan. Source of article – Eva Longoria sued under usury laws, Nevada bankruptcy proceeds by MoneyBlogNewz}.

Beso facing bankruptcy now

Beso, the restaurant and bar owned and operated by actress Eva Longoria, has filed for bankruptcy. Though the gross profit of the restaurant was $14.6 million, it was losing about $76,000 a month. The bankruptcy filings, intended to protect the $2.5 million in assets, named Eva Longoria as a creditor who owed quite a bit of money. All debts owed by the restaurant may be restructured. This is what the Reno, Nevada, court is trying to do. The restaurant may close at any time though even though it is expected to stay open while its debts and assets are being sorted out.

Eva Longoria sued for usury

In an attempt to keep Beso up and running, Eva Longoria provided a $1 million loan to the managers of the restaurant. There were extensive terms for repayment added to the short-term loan. Eight percent of the loan and a 23.33 percent stake in the company was what the business had to pay. The managers agreed to these terms in order to get the emergency money they needed to keep the restaurant running. Later the managers, upon reading the California state rules on usury, decided they had been charged too much and filed a lawsuit.

What Longoria's investment got her

Only $1 million was invested into the company by Eva Longoria. Then, she got $4.6 million back in interest from Beso. This $4.6 million racked up in just two years, putting the annual percentage rates above 200 percent. If Longoria is found guilty of usury for acting as a loan lender, then she could be ordered to pay back the full $4.6 million she has received in interest payments for the loan.

Citations

CTV.CA

ctv.ca/CTVNews/Entertainment/20110110/eva-longoria-restaurant-bankruptcy-110110/

Third Age

thirdage.com/news/eva-longoria-sued-actress-eva-longoria-sued-4-million_1-11-2011

Clonidine and military kids - Good or bad?

When military families divided as a result of deployment, young kids are often left holding the emotional bag. To fill the mom- or dad-shaped hole, Army Times reports that more military families than ever are resorting to psychiatric drugs like Clonidine for their kids – because for some reason, big feelings are to be feared. This can mirror the number of active-duty servicemen and women who are on psychiatric meds. With so lots of people using psychiatric the costs of the prescription are sure to rise leaving many to seek out personal loans to obtain them.

Johnny will feel better with Clonidine

Clonidine is an agent that will decrease the heart rate and relax the blood vessels, the National Center for Biotechnology Information. Some psychiatrists prescribe Clonidine to treat such conditions as ADHD, anxiety and autism, although many others oppose the drug because of potential side effects like excess sedation and irritability.

Regardless of where medical professionals fall on the debate, it is indisputable that psychiatric medication prescriptions for military children have gone way up. Over 300,000 prescriptions were given to military children for psychiatric drugs in 2009, reports the Army Times. Since 2005, the under 18 military family population only went up by 1 percent while in 2005, the figure was 18 percent less. With antipsychotics, there has been a 50 percent increase in the number prescribed. A 40 percent increase has been shown in anti-anxiety drugs like Clonidine though.

Active duty forces have shown there to be an increase in the amount of psychiatric medications. Just since the Afghanistan war started, that number increase 76 percent.

All about the deployment and re-integration soldiers go through

Structure is something children need according to most psychologists. Often, these military children have to deal with mom or dad being deployed and then trying to re-integrate causing a lot of stress for the children. A University of California, Los Angeles psychiatrist, Patricia Lester, explained this.

These cycles repeat over the course of a parent’s military career, an assertion that is borne out in mental health studies conducted such as the one conducted by the Rand Corp. Military children with parents who went away on longer, more frequent deployments performed significantly worse in school and required nearly 20 percent more pediatric outpatient visits. Then there would be more drugs prescribed. Clonidine and anti-psychotics would be prescribed more often.

Military families may be having a harder time managing than many believe while the growing psychiatric prescriptions for children is something many psychiatrists talking to the Army Times showed concern over.

Citations

armytimes.com/news/2011/01/military-children-taking-more-psychiatric-drugs-010211w/

National Center for Biotechnology Information

ncbi.nlm.nih.gov/pubmedhealth/PMH0000623

The Clonidine (and other meds) Song

youtube.com/watch?v=U6aI05-E9uI

Blue Shield of California eyes 59 percent rate explosion

Health care insurance is an costly proposal, and Blue Shield of California wants its to be even higher. The Los Angeles Times accounts that Blue Shield wants the huge spike of up to 59 percent for its policyholders to go into effect on March 1. Numerous thousands of customers would be impacted by the rate change. This hike without any doubt will be sending many Blue Shield customers running for payday loans in order to pay their premiums.

Is the Blue Cross ruling something seen already by the Blue Shield of California?

Californians hope that Blue Shield of California will learn from history. It failed to pass, but the Anthem Blue Cross tried to make a 39 percent rate hike for 700,000 Californians less than a year ago. Yet the costs of health care continue to rise, and the corruption of over-billing is alive and well.

“We raise rates only when absolutely necessary to pay the accelerating cost of medical care for our members,” said a Blue Shield of California representative.

The average insurance rate hike would be between 30 and 35 percent

There's usually a 30 to 35 percent increase for 193,000 Blue Shield of California customers on average even though it seems dramatic to create a 59 percent insurance premium. However, one in four customers would be affected by a 50-plus percent increase over the next five months.

Newly elected state Insurance Commissioner Dave Jones expects to be tested early, thanks to the proposed Blue Shield of California premium increases.

“Blue Shield’s increases poses the same problem posed by Anthem Blue Cross last year and other health insurers as well,” said Jones. “My hope would be that Blue Shield would reexamine these rate hikes, particularly in the face of the impact they are having on individual policyholders.”

The accounting going into it

Blue Shield of California may not be successful at first. The health insurance premium hike will be bad at first even. In 2011, Blue Shield spokesman Ton Epstein said that "tens of millions of dollars on individual business" will be lost by the company.

Information from

LA Times

latimes.com/health/healthcare/la-fi-insure-rates-20110106,0,6975599.story

Blue Shield needs more money to make commercials like this

youtube.com/watch?v=l5qZSsrJ4QA

Williams, homeless man, wanted as tone of voice of Cleveland Cavs

For those who have a career during the recession, don’t take it for granted. Things could have gone like they did for Ted Williams, a homeless OH man. Williams has been through a lot, and seems like that his perseverance might have paid off. According to The Sporting News, Williams has gone from homeless beggar to viral video star to sports announcer overnight. He’ll now move up from begging for money to applying for personal loans; that is some jump.

Previously homeless, Williams is the tone of voice of the Cavs now

Ted Williams – the displaced man, not Boston Red Sox Hall of Recognition outfielder Ted "The Splendid Splinter" Williams – states he considers each day precious. Williams young life was very progressive. Then, he had drug and alcohol problems to battle. This eventually led to the loss of his home and years of transient living. Ted Williams sold better than most with the "God-given" voice that he has.

However, a reporter from the Columbus Dispatch newspaper taken place to stumble across Williams one day, and the wheels set in motion. Impressed by Ted Williams’ voice, the reporter called him over. He ended up doing an interview with her that was posted on YouTube and became very popular. About 5 million viewers saw Ted Williams' radio tone of voice within 24 hours.

YouTube the spot to get fame

Ted Williams was displaced one day, however thanks to a single Columbus Dispatch reporter and the power of YouTube, he has been offered a full-time job and a place to live. After noticing the extraordinary video of Ted Williams, displaced Ohioan, a representative of the Cleveland Cavaliers NBA basketball team and Quicken Loans named Tracy (no last name given), was intrigued. Tracy placed a called to WNCI 97.9 radio, where she offered Ted Williams a full-time job and a home mortgage to work as the public address announcer at Quicken Loans Arena, the home of the Cavaliers. The career offer was then confirmed by Darren Rovell from CNBC. He did this through Twitter.

All sorts of ‘Homeless DJ’ job offers

There were many career offers that came in during Ted William's appearance on WNCI. One of them was the Cleveland Cavaliers job. The deal with Tracy is something that Williams has yet to accept. It’s expected that he will though.

Articles cited

Sporting News

sportingnews.com/nba/story/2011-01-05/ted-williams-homeless-man-with-golden-voice-offered-full-time-job-and-home-by-cl

Washington Post

voices.washingtonpost.com/blog-post/2011/01/golden-voiced_homeless_man_hea.html

Ted Williams, homeless and gracious for his opportunity

youtube.com/watch?v=uTysXITBCmk

Affordable methods to up-date your kitchen

It seems whenever business comes over, everybody always ends up within the kitchen area. Your kitchen area could be up-to-date for a fresh look very simply. This can help you feel better at home and in front of guests. With lower than $100, you can update your kitchen area effortlessly. This could be done no matter if you rent or own your home. Post resource – Easy ways to update your kitchen for less than $100 by MoneyBlogNewz.

A better kitchen can make for a new beginning

No matter where you live, or even how much time you spend at home, the kitchen area is the center of social life. You may really love to cook at home. If this describes you, then you may feel better in routine when you have been able to update your kitchen. You really should spend more time in the kitchen in order to try to avoid expensive restaurant food. Cooking for you typically means losing weight as well.

Updating your kitchen area for tenants

Many of you might rent. It feels like there is nothing that you can do. It is quite limiting to not be able to make any permanent changes. Your landlord will not mind some updates to the kitchen area though. There are still options. Try getting a vinyl cut sticker — contact local sign shops, and they’ll help you cut out a giant sticker that can instantly give color and character to a bland rental kitchen. Changing out the curtains can help too; try using bed sheets rather than curtains for a less costly, more colorful option.

Kitchen updates owners can do

You will be able to make other changes to your kitchen for those who have an accommodating landlord or own the home yourself. The cabinet fronts could be replaces with fabric curtains, paint or even glass. A kitchen area feels more opened up if you just take the cabinets off all the way and just put in baskets for the shelves. Cooking is easier while you are also able to have more space whenever you put a pot rack on the wall or hang it from the ceiling. A color for your wall is great also. It can help substantially to feel better. The plasterboard above the cabinetry can be removed also which can help you store serving dishes to your favored teacups on a shelf.

State legislative group trying to make born-in-US children illegal

From a press conference Wednesday, the group State Legislators for Legal Immigration introduced brand new model laws. This bill would rewrite law so a child born of illegal immigrants on United States soil would not be a citizen. These so-called “anchor babies” are the newest target with the immigration debate. This can lead to a vast amount of immigrants applying for payday loans to get their citizenship. Article source – State Legislators for Legal Immigration take aim at anchor babies by MoneyBlogNewz.

What anchor babies are

“Anchor babies” is a name given to people who are born in the United States to parents who are illegal immigrants. The children are United States citizens. They have parents that aren't though. The 14th Amendment allows this. Section 1 says:

“All persons born or naturalized in the United States, and subject to the jurisdiction thereof, are citizens of the United States and of the State wherein they reside.”

The Civil Rights Act of 1866 also grants United States Citizenship “to all persons born in the United States not subject to any foreign power.”

The info you need to have on State Legislators for Legal Immigration

There is a coalition called State Legislators for Legal immigration. Pennsylvania State Representative Daryl D. Metcalf began the group. There is a mission statement within the group. It says they work for ” eliminating all economic attractions and incentives (including, but not limited to: public benefits, welfare, education and employment opportunities) for illegal aliens, as well as securing our borders against unlawful invasion.” This group has supported Arizona’s controversial immigration reform and has employed constitutional and legal scholars to provide support to states trying to reform immigration.

Talking about anchor babies with the model legislation

If the parents aren’t citizens, then kids won't be able to have citizenship with the "model legislation" that the SLLI released. The SLLI says the policy of citizenship-by-birth encourages illegal immigration and makes it easier to circumvent immigration procedures. There have been lawmakers from 40 states to sign on the SLLI although no state has tried to pass the model legislation yet. Whatever state passes it first can have a hard time probably considering it is going to be very controversial legislation.

Information from

State Legislators For Legal Immigration

statelegislatorsforlegalimmigration.com/NewsItem.aspx?NewsID=10195

Wikipedia

en.wikipedia.org/wiki/Citizenship_Clause

Will Selva, ESPN news anchor, charged with plagiarism

One anchor on the ESPN news network has been charged with plagiarism. Will Selva is an anchor for the ESPN news network. He has been accused of plagiarism in a script. Ding is an author for the Orange County Register. He was surprised, then, when his words were spoken as a part of his ESPN media script. Just because creating content takes time and effort doesn’t always mean it is profitable. This is just the latest event highlighting problems with content management online. News content can cost enough to require a lot of people to take out an installment loan just to purchase. Article source – ESPN anchor Will Selva accused of plagiarism by MoneyBlogNewz.

Will Selva plagiarizes getting him suspended

On the overnight program “Highlight Express,” anchor Selva talked about the Los Angeles Lakers versus San Antonio Spurs game. The same thing word for word was already written before though by Kevin Ding. This was in an Orange County Register column. Selva then never gave any credit while on the air. This got him in trouble. He did issue an apology on Wed for what he called a “mistake.”. He then explained that he had copied the column over to his script. He then “forgot to rewrite it” when researching. A statement was made by Will. He said:

“I made a horrible mistake, and I’m deeply sorry. I sincerely apologize for my sloppiness, especially to Kevin Ding, viewers and colleagues.”

Never an opportunity for redemption from will Selva

The ESPN network got Will Selva on leave indefinitely because of the plagiarism accusations. Dealing with plagiarism could be really hard for media outlets to deal with. It did not matter whether or not it was an accident. Recently, “Cooks Source” magazine has been caught taking information from online sources. Almost all sources online would get information stolen. There is constant online streaming with ESPN that is also a 24-hour news network. It makes a lot of sense that several would make an effort to plagiarize when in that situation. ESPN has said that it will take “appropriate action” in researching and addressing Will Selva’s mistake, however the bigger issue is whether there’s a strong enough system of content protection online. Many assume that plagiarism will never be fixed since online problems that like might never be fixed.

Citations

FanHouse

nba.fanhouse.com/2010/12/29/espnews-anchor-will-selva-suspended-for-plagiarism/

Glucose costs at 30-year high as products diminish

In yet another record gain, glucose costs hit a 30-year high on Tues and went up even more Wed. Last year, sugar product prices doubled. This year, they have continued to rise. The glucose industry and increasing prices mean more than more expensive glucose, though. Individuals aren’t expecting to need a pay day loan just to purchase their glucose.

30-year high on sugar prices

On Tues, glucose got up to 30.64 cents per pound which is a 30 year high. Then Wednesday, the glucose prices 30-year high jumped again to 34.77 cents per pound. Sugar that will be delivered and refined in March could be what these costs apply to. In Brazil, the crops ended up being smaller than expected. This meant that prices went up along with expectations of shortages and unpredictable weather.

Glucose prices changing just as much as commodity

Glucose, cotton, coffee and cocoa are all commodities that have been transforming a lot. This has been the case for a few years now. In the last year, glucose has been as low as 14.35 cents per pound and as high as 30.64 cents per pound. Cotton futures have set 130-year highs, and coffee recently set a 13-year price high. There has been a lot of extreme weather in other countries. This is what has brought on lots of the volatility being seen. The volatility also has to do with governments in countries like India. This volatility affects everybody from the growers who sell their crops to the final consumer price paid, two to nine months later, when the commodity finally reaches the industry.

Higher glucose need

There has been more of a “real” glucose demand recently. This is part of why the glucose costs 30 year high are happening. There has been an 11 percent drop for high fructose corn syrup this year which is an alternative to glucose as outlined by the United States department of agriculture. There’s a high of 10.72 cents for corn right now, although it’s three times less expensive than sugar, as it is the basis of high fructose corn syrup. HFCS is being changed by sugar by several United States corporations. However, food manufacturing operations in Mexico and other sugar-producing nations are opting to use the less-expensive corn option. There will continue to be volatile prices in glucose and other agricultural merchandise due to tariffs, weather and government factors.

Articles cited

Index Mundi

indexmundi.com/commodities/?commodity=corn

Sydney Morning Herald

smh.com.au/business/sugar-price-sweet-as-weather-slashes-global-supplies-20101230-19b2p.html

Bloomberg

bloomberg.com/news/2010-12-29/sugar-rises-to-highest-price-in-21-years-in-london-after-australian-floods.html

Financial Times

ft.com/cms/s/0/43cfbb7a-e6b2-11df-99b3-00144feab49a.html#axzz19cgXLVk0

Indpenda Inc. gets San Diego EvoNexus aid

While a startup can certainly use all the financial support it can get to start well, other forms of aid can help incubate a business to full maturity. When something like the San Diego EvoNexus comes around, businesses in need of a boost pay attention. Independa Inc., a health information technology startup, has earned the prize, accounts the San Diego Business Journal. EvoNexus will aid Independa with fully furnished facilities, information technology and a wealth of mentoring experience. This could assist the business by keeping them from needing to apply for more paydayloans than needed.

Free space for ‘incubate’ with San Diego EvoNexus

Thanks to the support of San Diego EvoNexus, Independa Inc. can be more able to make advancements within the field of wireless monitoring devices for health care professionals. The cost savings of the wireless tech assistance and free space for EvoNexus will provide for Independa Inc. to grow its business, or “incubate” as the partners like to say, could be significant, said Kian Saneii, founder of Independa. The partnership has already enabled the company to nearly double its workforce without the need of business private loans.

“The exclusivity of the incubator will certainly pay off as we look for venture groups to help us grow,” said Saneii.

Biotech competition in San Diego is intense

Competition for San Diego startup installment loans and other aid is harder with biotech being so fast growing in San Diego. As a health information technology company, Independa Inc. is envied. It’s within the city especially. Independa Inc. plans on having no financial or intellectual property obligation to its incubator organization which makes its fully furnished office spaces, broadband connectivity, mentoring programs, education and utilities wanted more fully.

Starting is doing well

A major product can be announced by Independa on January 6-9 in LV. That is when the International Consumer Electronics Show will happen. It could be exhibiting the product from Qualcomm’s booth, a sign that things are certainly headed within the right direction. One of the best electronic manufacturers in the world in Qualcomm will be partnering with the San Diego EvoNexus as the service is at the right time for the business to grow.

“It’s quite a feather in our cap,” Saneii told the San Diego Business Journal. “I believe Qualcomm recognizes that our solutions match nicely with their vision of wireless health innovations.”

Information from

San Diego Business Journal

sdbj.com/news/2010/dec/20/incubator-program-nurtures-startup/

Texas lawmakers propose SB 253 and HB 410 to limit payday loans

In Texas, there are more than 3,500 personal loan companies. Two new pieces of legislation – Texas SB 253 and Texas HB 410 – have been introduced as a way to limit this short-term lending. The two pieces of legislation make an effort to re-define “credit service organization”. Article resource – Texas lawmakers propose SB 253 and HB 410 to limit payday loans by MoneyBlogNewz.

What you need to learn about the exemption for the Credit Service Organization

Consumer credit and financial institutions are very limited in TX. ”Credit Service Organization” is what Payday advance stores are under right now. This is because cash advance stores offer a form of short-term credit that is available to those without a credit history or with a bad credit history. The exemption does not make note of any differences between check cashing services and pay day loans. Check cashing is for those who do not have banks while payday loans are for everyone who does not have the right credit available.

What will take place with the Texas payday advance legislation?

”Credit Service Organization” is re-defined within the TX legislature with 2 bills that were introduced while payday advance stores are excluded. The fees charged based on annual percentage rate would be very limited. Of all the payday loan stores in Texas, about 3,000 to 6,000 of the 7,800 employees would be losing jobs as outlined by industry estimates. Credit is harder to get for consumers then. That is another thing that payday loan stores and consumers would have to face.

Willing to recognize some kinds of regulation

Additional regulation and oversight is welcomed by Texas payday advance stores and loan providers even though they have shown they are against TX SB 253 and HB 410. There is something very distinct about the short-term credit that is available through payday advances. Charge cards, credit unions and banks typically cannot afford to give this kind of credit to many. A service is all the cash advance industry is providing. It is needed by some. The concern is mostly over interest rates from lawmakers. The interest is less than a credit card cash advance would end up leaving you with though.

Articles cited

Texas State

legis.state.tx.us/tlodocs/82R/billtext/pdf/SB00253I.pdf#navpanes=0

Texas HB

www.legis.state.tx.us/tlodocs/82R/billtext/pdf/HB00410I.pdf#navpanes=0

KXAN

kxan.com/dpp/news/politics/state-looks-to-curb-payday-loans

Personal Money Store

personalmoneystore.com/payday-lending-statistics/