Candidates talk money matters, curriculum


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Power bill relief? Duke enters into $1.2 billion deal with ElectriCities

RALEIGH | Duke Energy has entered into a $1.2 billion agreement with ElectriCities to buy back minority stakes in several North Carolina power plants.

Duke formally entered into the deal, which first was announced in July, on Friday.

When complete, the purchase agreement is expected to lower power bills of thousands of Eastern North Carolina residents by reducing debt for the North Carolina Eastern Municipal Power Agency, or NCEMPA, which is managed by ElectriCities.

NCEMPA member cities, including New Bern, are trying to pay off a $1.9 billion debt incurred when they took partial ownership interest in several Duke Energy Progress power plants, including Brunswick...

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Reclining seat beef with Colorado flier exposes soaring discontent

Southwest and United reduced the space between rows by 1 inch on certain aircraft to make room for six additional seats. Other airlines, including American and Delta, have made similar moves to increase capacity.

Not only is leg room shrinking, but passengers increasingly are experiencing more involuntary chumminess. Vacant middle seats have gone the way of free in-flight movies.

Airlines sold 84 percent of their seats on domestic flights so far this year, up from 81 percent five years ago and 74 percent a decade ago, according to the Bureau of Transportation Statistics.

Theres a particular reason that in-flight unruliness has spiked in recent weeks, said aviation...

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Tough Times Ahead as RadioShack Heads toward Bankruptcy

Beleaguered electronic and mobile products retailer RadioShack Corp. (RSH – Analyst Report) announced yesterday that the company is running out of cash and may file for Chapter 11 bankruptcy if it fails to improve its cash position.

Despite desperate attempts to turn around business over the last 18 months, the company has failed to do so. RadioShacks core consumer electronics (including digital TVs, digital music players, and digital cameras) retail businesshas been on a secular downtrend and is unlikely to recover in the near future. Also, loss of foot traffic is taking a toll on RadioShacks mobility business a platform on which the company had been banking for its future...

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Flint Could Avoid Chapter 9 If It Wins OPEB Battle: Moody’s

Flint, in many ways a mini-Detroit, is likely to avoid bankruptcy amid improving financial conditions unless it loses a court battle over its effort to cut retiree health care costs, Moodys Investors Service says in a new report.

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Sky’s the limit on small-loan interest rates in New Mexico

Payday loans, title loans, signature loans. New Mexico has more than 656 small lenders operating in nearly every town. On a nearby street, theyre so thick they perch next to one another, like turkey vultures on a snag.

Theres a small argument to be made for their services, but theyre basically a drain on the economy.

Lawmakers have tried to get a handle on small lenders since at least 1999, but we havent seen much impact. In 2007, the Legislature cracked down by limiting payday loans to 35 days, prohibiting indefinite loan rollovers, and capping interest rates at 400 percent. The small lenders just found ways around it. Cash Loans Now and American Cash Loans (with offices in Abuquerque,...

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Lodge Your Money In The Best Stock Of A Bustling Industry

Theres been a lot to love about the hotel industry
lately.

Stock prices of the major hotel operators have crushed the
market over the last decade and many are now trading at all-time
highs.

But is it too late to profit from the bustling hotel industry?
In short: no, I believe there is still time.

Occupancy and room rates are still on the rise. And the
strengthening economy should only mean higher stock prices for
hotel operators.

The real question becomes: whats the best play on this part
of the market?

It just so happens that the worlds largest hotel operator
went public at the end of last year. Since
...

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Column: Sky’s the limit on small-loan interest rates in New Mexico

Payday loans, title loans, signature loans. New Mexico has more than 656 small lenders, and they are operating in nearly every town. On a nearby street, theyre so thick they perch next to one another, like turkey vultures on a snag.

Theres a small argument to be made for their services, but theyre basically a drain on the economy.

Lawmakers have tried to get a handle on small lenders since at least 1999, but we havent seen much impact. In 2007, the Legislature cracked down by limiting payday loans to 35 days, prohibiting indefinite loan rollovers, and capping interest rates at 400 percent. The small lenders just found ways around it.

Cash Loans Now and American Cash Loans...

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3 Reasons Ensco PLC Stock Could Rise

ESV

data by
YCharts

.

So is it time to cut bait from offshore drillers or double
down? Below Ill outline three reasons I think Enscos stock
could rise.

Upgrading the drilling fleet

It has been fully apparent this year that newer drilling rigs
with greater capabilities and safety features are going to win a
majority of the drilling contracts going forward. The top end of
the market is enjoying dayrates of $600,000 or more, while older
rigs are struggling just to find employment.

Seadrills newly completed West Jupiter rig. Source:
Seadrill.

Thats been evident for Ensco,...

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Money Matters: Leaving a charitable legacy with an IRA

Planning ahead for giving away your assets is almost as important as planning to accumulate them in the first place. There are several ways in which to give your assets to a charity through your estate. You could designate a gift to a charity through your will or trust. You could also set up a charitable trust or family foundation.

All of these vehicles are good options, but IRAs are usually the best source of charitable distributions at death. Here’s why:

Distributions from IRAs to charities upon your death avoid income tax and estate tax. The combined federal income/estate tax can be as high as 80 percent (based on 2014 rates) when the assets finally pass to the children....

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