Chinese banks get serious about risk of bad debts swell - Yahoo News
The Gunners, who haven't won the championship since 2004, spent much of last season on top only to finish fourth. Key player: Forward Alexis Sanchez. __— ASTON VILLA (15th) Manager Paul Lambert was hamstrung by lack of investment from an owner, Randy Lerner, who is trying to sell up, and troubled by backroom issues last season. But Lambert has the nucleus of a promising side. Key player: Striker Christian Benteke. __— BURNLEY (promoted) After returning to the Premier League after five years in the second tier, Burnley's season will hinge on whether strikers Danny Ings and Sam Vokes can cut it in the top flight. Expect Sean Dyche's well-drilled side to trouble visiting sides at the least. Key player: Striker Danny Ings. __— CHELSEA (3rd) Despite playing down Chelsea's credentials last season, Jose Mourinho would have won the league last season if not for slip-ups against teams the Blues should have beaten when it mattered. The striker issue has been addressed with the purchase of Diego Costa from Atletico Madrid, while former Arsenal captain Cesc Fabregas will bring some dynamism to midfield. Key player: Striker Diego Costa.
Puedes ver la version sin traducir en http://news.yahoo.com/team-team-guide-premier-league-season-134449342.html
Freddie Mac Posts Dismal Q2 Earnings, Expenses Down Q/Q - Yahoo Finance
Further, non-interest loss came in at $1.4 billion compared with income of $3.1 billion in the prior quarter. Non-interest expense decreased slightly from the prior quarter to $0.7 million. Freddie Mac reported benefit for credit losses of $0.6 billion in the quarter, compared with a provision of $0.1 billion in the prior quarter. The benefit was primarily driven by reduced loss severity as recoveries on distressed property dispositions improved. Furthermore, segment-wise, on a sequential basis, Single-family Guarantee and Multifamily segments recorded a rise of 100% and 25% in earnings, respectively, while Investments segment reported a fall of 90.9%. Based on net worth of $4.3 billion, Freddie Macs dividend obligation to the Treasury will stand at $1.9 billion in Sep 2014. Notably, including this dividend obligation, the companys aggregate cash dividends paid to the Treasury will total $88.2 billion as compared with cumulative cash draws of $71.3 billion received from the Treasury through Jun 2014. Further, since Jan 1, 2009, Freddie Mac provided $2.3 trillion of liquidity to the mortgage market, which helped in funding 7.9 million refinancings, 2.3 million home purchases and 1.7 million units of multifamily rental housing. Moreover, the company helped about 1 million borrowers to avoid foreclosure, which included 64,000 in first-half 2014. Credit Quality As of Jun 30, 2014, Freddie Macs new single-family book (loans acquired after 2008, excluding HARP and other relief refinance mortgages) was 56% of the UPB of Freddie Macs single-family credit guarantee portfolio, while HARP and other relief refinance loans accounted for 21% of the portfolio.
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Robinho eyes return to Brazil's national team - Yahoo News
6, from just $406 million the prior week, according to Lipper. And the influence of bank-loan ETFs grew during the week, to 14%of the outflow, or negative $211 million, from essentially nil the prior week. There have now been 15 weeks of outflows over the past 17 weeks, for a combined negative $8.5 billion over that span, which follows a record-shattering 95-week inflow streak totaling $66.7 billion. The trailing four-week average deepened to negative $689 million per week on average, from negative $302 million last week. This measure remains just under a recent peak, at $858 million in the week ended June 11. Year-to-date flows pushed deeper into negative territory, at $1.6 billion, based on a net withdrawal of $2.1 million from mutual funds set against a net inflow of $550 million to ETFs. In the comparable year-ago period, inflows were $35.3 billion, with 11% tied to ETFs. The change due to market conditions was negative $100 million this week compared to total assets of $105.7 billion at the end of the observation period, so the change is essentially nil. The ETF segment comprises $7.9 billion of the total, or approximately 7%.
Puedes ver la version sin traducir en http://www.forbes.com/sites/spleverage/2014/08/07/us-leveraged-loan-fund-outflows-quadruple-to-1-5b-etf-influence-grows/
Does Student Loan Debt Make People Less Happy and Healthy? - Businessweek
Please enter a valid phone number. Please enter your Phone Number. Send Thanks! A link has been sent. Done Robinho eyes return to Brazil's national team 1 hour ago Content preferences Done RIO DE JANEIRO (AP) Veteran striker Robinho says he still wants to play for Brazil's national team despite being left out of the World Cup squad this year. After returning to Brazilian club Santos on a one-year loan from AC Milan, Robinho says the "national team will always be my goal." The 30-year-old forward was a starter in the 2010 World Cup team and a reserve in 2006. Both times Brazil was eliminated in the quarterfinals. This year Brazil fell 7-1 to Germany in the semifinals. Brazil's new coach is Dunga, who also led the national team in 2010. Luiz Felipe Scolari coached Brazil this year. Robinho started his career with Santos before moving to Real Madrid in a blockbuster deal in 2005.
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The study also doesnt account for people who took out loans but left college without a degree, a group thats about four times as likely to hold student debt today as in 1989, according to a Brookings Institution study (PDF). You cant conclude from the Gallup data that student loan debt is having a negative impact on peoples health, says Matthew Chingos, a Brookings researcher who co-authored a broad study on student loans released in June, adding that its bad science to assume college debt causes poor well-being later in life. Its misleading, because people who have student loan debt years after college probably made less money. They may have faced all sorts of different challenges, Chingos says. Gallup did note that people reported low levels of financial and physical health even after controlling for the highest level of education obtained by the respondents mother, a common proxy for socioeconomic status. There is some evidence to suggest that student debt may take a toll on major economic decisions, such as buying a home. Young people with student debt were once more likely to have mortgage debt, because more education led to higher incomes. But that changed in 2012, when the Federal Reserve Bank of New York reported that for the first time in a decade, 30-year-olds with student debt were less likely to buy a home than their debt-free peers. A lot of them are just going to be in this scary place all their life, where they dont really become part of the economic grid, says Daniel Austin, a professor at Northeastern University School of Law, in reference to people with high debt loads. I dont know that we ever produced a generation like that before in this country. Austin says the number of debtors with high bills is concerning even if it accounts for a small share of all borrowers.
Puedes ver la version sin traducir en http://www.businessweek.com/articles/2014-08-07/does-student-loan-debt-make-people-less-happy-and-healthy
US Leveraged Loan Fund Outflows Quadruple, To $1.5B; ETF Influence Grows - Forbes
The bank said it had always placed great importance in its risk control efforts. Bankers from other major listed lenders said they were further cutting lending to riskier borrowers, in particular smaller private companies. "We're lending almost exclusively to state-owned enterprises in our department at the moment, because it's just seen as the least risky," said a senior loan officer at the Bank of China Ltd . The banker, who would not be named because he is not authorised to speak to the media, added that the bank had also raised the bar for state-owned firms, in particular by demanding more collateral. Bank of China could not be reached for comment on changes to its lending practices. Lawyers for banks say increasing numbers of transactions fall through because of lenders' last-minute risk worries. A senior lawyer, who works for Industrial and Commercial Bank of China Ltd (ICBC) among others, said only a third of the financing deals she had been asked to work on were actually completed this year. This compares to 70 percent in the last two years, she said. The lawyer declined to be named because she is not authorised to speak to the media.
Puedes ver la version sin traducir en http://news.yahoo.com/chinese-banks-serious-risk-bad-debts-swell-210957802--sector.html