Americans Will Probably Keep Reducing Debt, St. Louis Fed Says

American families will need to
continue to reduce debt, which means consumer spending and
economic growth will be slow to accelerate, according to
research from the Federal Reserve Bank of St. Louis.

Even after households trimmed borrowings following the
2008 financial crisis, there is room to keep cutting before
getting back to levels seen in 2000, researchers William Emmons
and Bryan Noeth wrote in the report issued today. As of the
first quarter of 2014, people born between 1930 and 1995 still
had more debt after adjusting for inflation than those of the
same age did 14 years ago, they found.

“Families that are reducing their debt...

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Importance of budgeting to help avoid bankruptcy

The financial demands and other enticements placed on you necessitate that budgeting become an integral part of your financial management. The increasing financial needs of your children attending school or recreational activities; increasing costs of owning and operating a motor vehicle; and the uncertainty whether interest rates will rise are some of the issues you may be facing.

The development and monitoring of a household budget will help you to manage your money so that you can meet your day-to-day living expenses and will also prepare you to absorb financial surprises that may come along, such as a significant automotive repair or having to purchase a laptop computer or tablet...

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Delta Air Lines: Targeting Operational Efficiency (DAL)

(click to enlarge)

Source: Yahoo Finance

Delta Air Lines (NYSE:DAL) stock produced an outstanding return in one year. If we look at the return produced by Delta Air Lines compared to the Samp;P 500 and two other airlines, Ryan Air Holdings (RYA. L) and Easy Jet (EZJ.L), we see that DAL outperformed by a great margin. DAL produced an outstanding return of 107.16% while the Samp;P 500produceda significantly lower return of 20%. The shares of Ryan Air Holdings and Easy Jet produced poor returns that were near to zero. This outstanding return is a reflection of DALs zeal towards bringing efficiency in all aspects of its business.

(click to enlarge)

The Huge Global Network...

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Take care of money matters, Virgo

Happy birthday for Aug. 15: Opportunities will open up, but deciphering which one to embrace will not be easy. Refrain from taking the path that will tax you mentally, physically or financially. Your numbers are 3, 16, 20, 22, 31, 34, 48. 

ARIES (March 21-April 19)

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RadioShack may be seeking new financing

RadioShack’s stock has been inching higher today and yesterday. That may be due to a report that the consumer electronics chain is talking with one of its shareholders about getting a rescue financing package.

Bloomberg News today is quoting two people with knowledge of the matter who said Standard General, a hedge fund that’s also orchestrating a lifeline for American Apparel Inc., is trying to help Fort Worth-based RadioShack.

To shore up RadioShack’s cash, the retailer may be issuing debt or equity, according to the Bloomberg report.

It’s probably not a coincidence that RadioShack CEO Joe Magnacca joined the American Apparel board last month....

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Your Money Matters: Tips for securing financial aid for college students

Cliff Morgan
Strategic Wealth Partners

Financial Aid/Scholarships

FAFSA:  (Free Application for Financial Aid)
Work on and submit December/January.  Used to apply to Federal programs such as Stafford, Perkins Loans, and Pell Grants.

CSS Profile: (College Scholarship Service)
While the CSS Profile form has no specific deadline, you should submit it at least two weeks before the financial aid deadline at your school. Used to apply for scholarships and programs offered by individual schools.

Other Scholarships:
Excellent resource is  The site includes links to scholarships by state, type, major,...

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At last, more firms get loans – but not always from banks as businesses seek …

‘Demand for finance is particularly strong among the growing band of so-called “threshold” businesses that have turnovers of between £500,000 and £1 million and are on the cusp of becoming established companies.

‘Twice as many threshold businesses attempted to raise finance in the past 12 months and 68 per cent of them needed capital to grow, compared with 41 per cent of other types of SMEs.’

The report also reveals a sharp fall in the number of businesses seeking credit to fund working capital, from 32 per cent in 2013 to 24 per cent this year.
More than a quarter of firms raised finance over the past year to develop their businesses and an additional...

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Pacific Brands swings to FY loss

Pacific Brands has swung to a full-year loss and expects challenging conditions to continue but will sell its workwear business to Wesfarmers for $180 million and expects sales in other divisions to lift.

The group also announced it has appointed David Bortolussi as its new chief executive after John Pollaersquitthe company due to differences with the board last month.

In the year to June 30, the clothing marker reported a net loss attributable to members of $224.5m, compared with a net profit of $73.8m in the prior year.

Revenue lifted 3.8 per cent to $1.322 billion in the year.

Pacific Brands declined to pay a final dividend.

The clothing maker said it expects...

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Ex Gov. McDonnell Takes Stand, Reveals Bleak Marriage

Facing corruption charges, former Virginia Gov. Bob McDonnell characterized his marriage in stunningly bleak terms, taking the witness stand for a second consecutive day to discuss a marriage that, as he describes it, was filled with yelling, unpleasantness, and distance.

McDonnell is on trial in Virginia over gifts his family received from Star Scientific CEO Jonnie Williams, who has testified that he believes he was granted access and a platform at the governors mansion to promote a nutritional supplement, in exchange for gifts that included a $20,000 shopping spree for Maureen McDonnell, the governors wife, and $15,000 for the wedding catering of the McDonnells daughter, Cailin....

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Fannie Mae to sell longtime headquarters

A Fannie Mae representative said the agency is still looking for a new location and plans to make the move in the next two to three years as existing leases expire.

“We are focused on making responsible real estate decisions to ensure the wise use of resources, the safety and soundness of operations, and flexibility to adapt to changes in our future workplace needs,” the representative said.

The move to a single downtown building means it would be leaving its longtime headquarters, located in Northwest Washington along Wisconsin Avenue, across the street from the Sidwell Friends Academy, the private DC school President Obamas daughters attend.

The move comes as the future...

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