College Planning
Help your clients take the worry out of saving for college with news and analysis on student debt, 529 plans and other tax-efficient savings vehicles as well as the colleges and college majors that deliver the most value.
June 24, 2011
For Greece, Europe Discusses New Type of BondsBanks and European officials are discussing the possibility of using a different type of bond as a means of rolling over Greek debt in the hope that such a instrument will avoid raters classifying the move as a default, according to senior European banking officials.
June 23, 2011
Is College a Waste of Money? ‘Short’ College Through Online Education StocksPIMCO provocateur and bond fund legend Bill Gross garnered much attention in his latest missive questioning the value of a college education in today’s tough economy: He is clearly onto something.
June 22, 2011
CBO: National Debt on Track to Nearly Double GDP in 25 YearsThe nation is on a course to a “sudden fiscal crisis” if policymakers, like Rep. Paul Ryan and President Barack Obama, fail to take measured steps to halt the growing debt burden, the CBO said Wednesday.
June 21, 2011
PIMCO's Bill Gross Blasts Job Creation, College EducationIn an unusual mid-month commentary, the PIMCO chairman said the government must re-think how it approaches job creation, and said that a college education was a waste of money.
June 20, 2011
Moody’s Warns Italy Over Debt as Eurozone Contagion Fears SpreadMoody’s expressed concern about what rising interest rates might do to an Italian economy that is struggling to recover from recession and burdened by heavy debt.
June 15, 2011
Moody's Threatens to Downgrade French BanksMoody's Investors Service on Wednesday threatened to downgrade France's three largest banks because of their exposure to Greek debt.
June 14, 2011
China’s Stern Words on European Debt Crisis; Fights Own WoesThrough its central bank's annual financial stability report, China warned the world again on Tuesday that the debt crisis in Europe was threatening to spread because it had not been properly dealt with.
June 10, 2011
Chinese Ratings Agency Warns of de Facto Default on U.S. DebtThe Moody’s of China, Dagong Global Credit Rating Co., has warned bond investors that the United States is on the path of insolvency. “In our opinion, the United States has already been defaulting,” said Guan Jianzhong, Dagong’s president.
June 10, 2011
Eurozone Squabbles Over Greek RescueEurozone nations weighed in on the Greek financial crisis as the International Monetary Fund (IMF) and European Central Bank (ECB) rejected the involvement of private creditors, lest ratings agencies see their cooperation as coerced and term the measure a default.
June 08, 2011
World on U.S. Debt Default: ‘Frightening,’ ‘Huge Panic Globally’As wrangling in the U.S. Congress continues over the debt ceiling, with Republicans insisting that a taste of default could force the White House to cut spending, the rest of the world looks on in growing horror at the prospect.