Thursday, June 25, 2009

National Debt Road Trip......A visualization to know who you are.

The Nation Debt of our country is getting bigger its multiplying like anything trillion has become the billion under Obama administration .No one knows how far it will go and what steps are been taken to stop this increasing national debt .Here is a visualization by looking debt as a road trip and to watch and know how far is Obama’s administration different compared to past presidents that we have seen in history. This video tries to give answers to those questions and to visualize who you are.

Friday, June 19, 2009

Financial Crisis and World Hunger…”hits more then a billion."

The Global financial crisis has forced more then one billion throughout the word to suffer from hunger a record of 100 million increases due to global financial crisis threatening to peace and security coz of war,high food prices ,drought, political instability,poverty according to UN.According to a report based on estimation by the UN’s food and Agricultural Organization (FAO) one in a six people are effected by hunger now. A 100 million more then last year poses a major threat to world peace and security.

The worst affected about 642 million is of the world’s undernourished of Asia-pacific region living in developing countries according to UN.

The next worst affected region is in Sub-saharan Africa about 265 million only 15 million people are of developed word are left hungry.

The main reason behind the increase in the number of hunger was pointed out on increased unemployment and lower income, the UN agency said.

According to spokesman Kostas Stamoulis director of the organization’s development department. It's the first time in human history that we have so many hungry people in the world," in spite of the evidence that most of the countries are developed and richer then before despite of the economic crisis.

We all are aware of the situation and we urgently need to take action bringing your helping hand together not only with monetary but also with love and care to come of this situation and save people starving from hunger and bring peace and harmony to this beautiful world.

Sunday, June 7, 2009

Student Loans

Student loans are the loans offered by the Government of the country to help students continue with their education and pay their student loans.

Student loans this way student loans not just help the student but also their family.

Many Universities and colleges offer student loans. Basically there are two types of loans: Federal loans and Private Educational Loans.

The students opting for Federal Students loan program are funded and administered initially through the US Department of Education’s Federal Student Aid Programs. These loans are the easiest to get student loan consolidation services. The Federal student loan programs disburse about $60 billion a year. Stafford loans are the most common form of federal loans for students.

Private student loans are administered by standard lending institutions. The most commonly opted loans in this are Sallie Mae Signature and the Citibank student loan. These organizations provide unsecured loans to a student and charge hefty interest on it.

A student can combine the private and the federal loans to gather funds for his further studies. However a student should bear in mind that these two loans should not be combined or consolidated. He should consolidate his federal loans first and then separately consolidate privately the student loan debt.

Student loan consolidation refers to building all your student loans into a single loan with one lender and one repayment plan. You can plan to consolidate your loan like refinancing a home mortgage. The time you consolidate your loan, the balances of your other current loans are paid off, with the total balance playing over into one consolidated loan. However at the end you will be left with just one student loan to pay off. The student loan can be consolidated by the student as well as his family i.e. parents.

There are several benefits of consolidating a student loan. For instance loan consolidation offers lower monthly payments, combining of your student loan payments into just a single monthly bill and the lock or the stoppage loan consolidation puts in a fixed, usually lower, interest rate for the term of your loan thereby saving thousands of dollars as per the interest rates of your original loan.

Moreover there are no fees, charges and other prepayment penalties after the loan is consolidated. The consolidated loan offers flexible repayment options. The loan consolidation can be done without any credit checks or co-signers.

The interest rate of your consolidated loan is calculated by averaging the interest rate of all the loans that are consolidated. The figure that so appears is rounded up to the next one-eighth of one percent and so the maximum interest rate comes out to be 8.25 percent.

Loan consolidation is a wonderful option if this lowers the interest rate of your current loans especially at the time you are confronting problems in making monthly payments. But if your current loan is about to end, consolidation is just not a wise idea.

Friday, June 5, 2009

The U.S. Job market ….is this the path towards recovery or the worst is still to happen?

After the Job loss of 345.000 in the month of May much better then since last few months the U.S. job market is on his way to recovery .The pace of job loss is declined since September compared to March and September."The bad news is getting less bad ", says Nariman Behravesh chief economist at IHS Global Insight.

According to the Economist, latest data and the improving trend in jobless shows that the job market is close to a bottom and the pace of job loss is improving. But there is some bad news also the unemployment rate was the highest in 25 years in the month of may 9.4% much more then expected and it may exceed to 10% by the end of the year according to “Behravesh” .Let's hear from him ..