Read… Woodford's Shuttered Fund Crushed Further by Plunging Stocks in its Holdings, such as Muddy-Waters Target Burford Capital Enjoy reading WOLF STREET and want to support it? Using ad blockers – I totally get why – but want to support the site? You can donate. I appreciate it immensely. Click on the beer and iced-tea mug to find out how: Would you like to be notified via email when WOLF STREET publishes a new article? Sign up here. Check out these great roofing options for homes and other buildings, including multifamily, at Classic Metal Roofing Systems
Bernie Sanders will announce a plan today to cancel all $1. 6 trillion of U. S. student loan debt. Here's what you need to know. Student Loan Debt Forgiveness Sanders, a U. Senator from Vermont and 2020 presidential candidate, will offer legislation today that is the most ambitious plan yet to address the nation's student loan debt. As first reported by the Washington Post, Sanders' plan will have no eligibility criteria and will be available to the nation's approximately 45 million student loan borrowers of both federal student loans and private student loans. Sanders will announce the legislation with colleagues in the House of Representatives, including Representative Ilhan Omar (D-MN) and Representative Pramila Jayapal (D-WA). During his 2016 presidential campaign, Sanders proposed to make college tuition-free and debt-free. In 2016, he introduced legislation - the College For All Act - that would make public colleges tuition-free for students. Sanders believes that: Four-year public colleges and community colleges should be free - including tuition and fees - for everyone.
Between 2007 and late 2018, the proportion of HY and EM bonds funds grew from 5% to 8% and from 4% to 9% respectively. ESMA's proposed solution to the liquidity challenges facing many high-yield bond funds is to require that all asset managers across Europe carry out quarterly liquidity stress tests on their funds from the end of September 2020. This has provoked a chorus of complaints from fund managers about the extra costs they will have to bear, as the stress tests will require new computer systems to be developed. There are also concerns about the scarcity of reliable market data. There is no mention in ESMA's report of the role of the ECB's negative interest rate policy, which is making it more and more difficult for investors in Europe to find positive-yielding, investment-grade assets to invest in. The inevitable result is that more and more of these yield-starved investors end-up chasing the positive, albeit shrinking yields, offered by much riskier fixed-income assets such as emerging market bonds or junk-rated corporate bonds.
Federal student loan interest rates should be lower, and the federal government should not make a profit on student loans. Student loan refinancing should be revamped to help save money for more borrowers. Student Loan Debt Forgiveness: Who Pays Sanders will fund his student loan forgiveness plan through a new tax on financial transactions, which he expects could raise more than $2 trillion over the next 10 years. The tax plan will include a 0. 5% fee on all stock trades, a 0. 1% fee on all bond trades and a 0. 005% fee on all derivatives trades. Comparison To Elizabeth Warren Student Loan Debt Plan Senator Elizabeth Warren (D-MA) introduced legislation earlier this month to cancel student loan debt for more than 95% of borrowers, and would entirely cancel student loan debt for more than 75% of Americans with student loan debt. Warren believes that her plan would reduce the wealth gap in America and provide an economic stimulus to the middle class to increase home purchases and help start small businesses.
resident Mike Laplac on Monday said that looters are robbing residents using machetes and guns in the aftermath of Hurricane Irma pummeling the Caribbean island. "I actually know of eight people that were robbed in broad daylight with machetes for everything they had in their vehicles, including their fuel. Yesterday we spent about 3 ½ hours in a line for fuel, and machetes were pulled there as well. We're getting stories of people being robbed at gunpoint in their house for something as small as a can of tomato sauce, " he told FOX Business' Trish Regan on 'The Intelligence Report. ' Laplac said since the police force is "limited, " he has to protect himself from looters. "At night right now in my house we have a couple of guys with me, we're taking four hour shifts and we're standing out there with the one pistol that we do have, machetes and flashlights to make sure that nobody comes to loot us without us seeing them, " he said. More from
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