In the long run, the signs point toward the federal government replacing states as the primary financier of American higher education. Given how much unnecessary financial hardship has been imposed on students, this is a welcome trend. The sense of pervasive student loan anxiety that characterizes much of the contemporary higher education conversation could become a relic of an older time.
Forbes top 10 cities for African American Economic Success

Here are the top 10 cities for African American economic success according to Forbes Magazine. One thing that jumps out at you immediately is the majority of the cities are in the southern region of the United States. Cities like Atlanta being #1, and Washington DC being on the top 10 list are no surprise but some of the other cities may actually surprise you. - See more at:

Standard & Poor’s, the credit rating agency blamed with helping inflate the subprime mortgage bubble, has now settled accusations that it orchestrated a similar fraud years after the bubble burst.

S.&P. has agreed to settle an array of government investigations stemming from 2011, paying nearly $80 million and admitting to some of its misdeeds, federal and state authorities announced on Wednesday. As part of the deals, reached with the Securities and Exchange Commission and the attorneys general in New York and Massachusetts, S.&P. also agreed to take a one-year “timeout” from rating certain commercial mortgage investments at the heart of the case, an embarrassing blow to the rating agency.

“This was egregious behavior with significant consequences,” Andrew J. Ceresney, the S.E.C.’s enforcement director, said on a conference call with reporters. He added that the problems pointed to a “deep cultural failure at S.&P.” and a “failure to learn the lessons of the financial crisis.”

Five things to know about the Bank of Canada’s interest rate cut

The Bank of Canada cut its key interest rate by a quarter point to 0.75 per cent Wednesday to soften the blow of dropping oil prices.

Here are five things to know about the announcement:

1. The Bank of Canada believes low oil prices are overall negative for the Canadian economy.

2. By cutting its target for the overnight rate, the central bank is trying to push down the interest rates charged by Canada’s big banks, making it cheaper for companies to borrow money to grow their businesses.

3. A rate cut by the central bank likely means lower interest rates for variable rate mortgages, lines of credit and other loans based on the prime rate, likely to boost consumer spending.

4. The loonie immediately fell by more than 1.5 cents against the U.S. dollar. A lower dollar makes Canadian goods cheaper for U.S. buyers, helping to stimulate exports but increasing the cost of imports.

5. The Bank of Canada used an estimate of US$60 for the price of oil in making its decision. Oil is trading below US$50 today. If oil stays where it is the central bank expects the economy to grow even slower than it has forecast.

Creating a Business Plan for Your Fashion Business

So you want to start a jewelry line, design handbags or dresses?  Cool, I can’t wait to buy them from you!  But before you run out and order business cards, purchase fabric and hire a publicist, you need to have a plan of action.  I wanted to touch base on a business plan before discussing product and market analysis.

A business plan is a written document that describes how you will run your business.  It covers the seven basic areas of business:

Product Development - continually refining what you’re offering for sales to meet the ever-changing needs of your potential customers.  This is why fashion businesses produce new lines each season.  You need to consistently offer new products to generate repeat customers otherwise you don’t have a business.

Marketing - continually taking action to become even more aware of your customer’s needs and informing your potential customers that your product (or service) is meant for them and why.

Sales - talking face-to-face with your potential customers and getting them to say, “Yes, I’ll buy from you.”

Operations - doing the work of the business.  For example, if you’re in the business of designing handbags, operations would require meeting with a manufacturer to create samples, sourcing materials, exhibiting at trade shows, etc.

Personnel - managing the people who work for you. This is probably the hardest part of owning a business.

Finance - measure the financial results of your business and comparing them with your desired results, using this comparison to identify critical business issues.

Management - making sure the above six areas are working in concert to meet your goals for the business.

In each of the seven basic business areas, your business plan describes:

  • The results that you want to achieve
  • The activities that you need to be done to achieve them
  • The resources (money, people, time, equipment, etc.) required to perform these activities
  • The criteria you will use to evaluate the results
  • The reasons you believe the plan will succeed

Your business plan will also help you determine how much money you really need for your business.  The only way to know how much money you really need is to decide what you’re going to do in each of the areas and figure out how much money it will take to do it.  

You may find that no amount of money will help you have a profitable business.  Perhaps you design on the side of a full-time career as a hobby. It is far cheaper to not to begin an ill-fated business than to learn by experience what a business plan would have taught you at the cost of several days of concentrated work.

warm-stranger asked:

I love your blog! Can you please answer my question? What can I do with a double major in accounting and finance? Is the job market saturated?


  • Budget Analysts
  • Financial Analysts
  • Financial Clerks
  • Financial Managers
  • Government Accountants and Auditors
  • Management Accountants and Internal Auditors
  • Public Accountants
  • Financial Managers
  • Insurance Underwriters
  • Loan Officers and Counselors
  • Personal Financial Advisors
  • Stockbrokers and Financial Services Sales Agents

Job Outlook:

Bank of Canada shocks markets with cut in key interest rate

The Bank of Canada shocked markets today by cutting its key overnight lending rate by a quarter of a percentage point, citing the economic threat posed by plunging oil prices.

"The drop in oil prices is unambiguously negative for the Canadian economy," Bank of Canada governor Stephen Poloz said in a morning news conference. "Canada’s income from oil exports will be reduced, and investment and employment in the energy sector are already being cut."

The overnight rate, which moves down to 0.75 per cent, had been at one per cent since September 2010. The cut would result in lower interest rates for variable rate mortgages, lines of credit and other loans that float with prime rates, but only if banks lower their prime rates. As of late Wednesday afternoon, no banks had done that.  

Virtually no economists had been predicting a rate cut. 

"It is a significant move," TD Bank economist Derek Burleton told CBC News. "It does show the Bank of Canada is worried about the big drop in the price of oil … and what kind of uncertainty that poses in the next few quarters.  I don’t think they are panicking but I do think they’re concerned about some of the uncertainty the recent slump in the price of oil does create for the economy."

Continue Reading.

Unlike many larger OECD countries, New Zealand did not suffer the severe recession that hit most of its peers.  Many investors and others wondered why and this was largely due to the strict banking and lending standards that New Zealand has in place. This regulatory environment meant that the subprime loan market, which caused the recession, didn’t affect the country, since New Zealand had virtually no subprime market to begin with. When a country’s banks are not making risky loans, the effects from an economic slowdown are not nearly so severe as they inevitably must be in other countries that do have an unsound subprime loan market.


New Zealand enjoys other financial advantages from which its investors profit.  The economy of the country is diverse.  Moreover, its central government has successfully positioned its economy as a global leader amongst smaller nations.  In the currency exchange market, this has constantly held true. New Zealand’s comparative advantage is maintained, even as the U.S. economy improves.  Likewise, the currency has gained as well and in fact, the currency of New Zealand is considered the  second best performer against the U.S. dollar among 16 major peers tracked by Bloomberg in 2014, with gains approaching 4%: unlike others, such as Canada, which suffered the biggest loss at -3.6%.


Recently, New Zealand’s dollar has further benefited from a Central Bank that in 2014 became the first in the developed world to raise interest rates since 2011.  At the same time, an economic revival is currently in progress, boosting its currency.  It is also noteworthy that New Zealand’s currency has been unaffected by plummeting oil prices.  That is largely due to the fortunate fact that the country is not nearly as commodity-dependent and resource-reliant as are so many others.


The land of the Kiwi has a vibrant export economy – dairy production being its flagship export commodity. The developing world has a thirst for increased dairy usage and New Zealand’s economy will be the beneficiary of this for many years to come. New Zealand is also very stable politically, as well as financially, and it enjoys one of the highest standards of living of any OECD country. There is very little corruption and both ruling parties are centrist in ideology.   Thus, no wild policy swings can be expected if the government changes.


According to Luigi Wewege, CEO of boutique Auckland, New Zealand investment firm Vivier & Co: “New Zealand not only offers investors a secure place to deposit their money but also financial returns that far exceed what’s available in most Western countries.” Luigi adds that: “Unsurprisingly, we’ve seen a global uptake in investors who want to enjoy the attractive rates New Zealand offers, without undue exposure to exchange rate risk.”


Due to New Zealand’s relative close proximity to Asia, too, it has long been considered a safe haven for investors from Asia’s developed countries, particularly China and Japan. These investors are also attracted to the country’s lifestyle, with its good schools, low crime rate and clean environment.  New Zealand in turn counts China as its largest export market, and speculation is rife that policy- makers there will take emergency steps to stimulate the struggling Chinese economy and in so doing give a further boost to New Zealand’s strong dollar.


New Zealand’s economic success story offers investors peace of mind, knowing that they can invest safely, and with high confidence in their yield outpacing that of comparable investments virtually anywhere else in the world.


About the Author

Jay Douglas writes exclusively for the Los Angeles and Santa Monica Business Examiner. Jay is also the founder and Owner of Prediction Tracking which was started in early 2009 as a way of measuring the results of prognostications, who too often make forecasts with little accountability on whether they’re accurate or not. Prediction Tracking posts interesting predictions in a myriad of categories, and then tracks events concerning the future.



Established in 2008, has revolutionized the creation of original content at scale through tens of thousands of freelance contributors and its own national editors. We are a multifaceted media company with over 17 million monthly unique visitors to our consumer website and dozens of high-profile clients through our custom content solutions,


About Luigi Wewege

Luigi Wewege is the founder of Vivier Group & CEO of its Auckland based financial services arm Vivier & Co. He is also the Managing Director of its sister companies Vivier InvestmentsVivier DevelopmentsVivier Home Loans and Vivier Mortgages.


Vivier & Co

Vivier and Company Limited (‘VCL’) is registered in New Zealand under number: 1130618. VCL is a member of Financial Services Complaints Limited a New Zealand Government approved Dispute Resolution Scheme, and maintains an insurance policy with Standard and Poor’s A+ rated insurers, providing a NZD2,000,000 indemnity on any one claim/loss in the aggregate.


For further details, please contact

Press at Vivier Group

Level 31, Vero Centre, 48 Shortland Street Auckland 1010, New Zealand

+64 9 889 3998




Would you cry if this happened to you too?

Here’s the thing. My friend Natalie over at Mind Movies is on some kind of a streak. And I hope you’ve been following along!

She just released a 3rd incredible new video and…it’s… just… wow!

Click here to watch it RIGHT NOW… <—Seriously you DO NOT want to miss this!

She and her partner Glen unveil the final nitty gritty details of their path to reaching their dream life… and the (almost!) insane road they went down to get there.

It’s an epic journey, and it’s filled with insights on how telling the universe what you want doesn’t make it show up automatically…

But it DOES work.

You just gotta know HOW to do it effectively… which is why I think Natalie also revealed the No.1 thing she personally does to make her feel instantly centered, aligned with her goals and completely unstoppable!

In fact, this one thing alone has multiplied her manifesting skills and supercharged her success!

It’s pretty mind blowing - as you’ll soon see.

See for yourself here… <—Hurry! Click me right now!

To master manifesting.

P.S. In the video, Natalie also reveals something she’s been working on for a long time and let me tell you… it’s EXCITING! Don’t miss this.

Natalie Ledwell, a personal development guru and founder of MindMovies, reveals in this short video the #1 thing she personally does to make her feel instantly centered, aligned with her goals and able to multiply her manifesting skills ….

It’s kind of crazy… but if it works for her, then it might work for you too!

Click here to find out and get a free $234 LOA gift too!

I have gone from being a middle-aged, poor, homeless woman with learning disabilities struggling through community college, to working on my bachelor’s degree at a prestigious university to which I was given a scholarship. -Marcia Wilcox

Caseback time…. Not too often I get the chance to admire her rear end - the classy and complicated Jaeger-LeCoultre Master Tourbillon has “it”. In 18K Rose Gold case. 22K Rose Gold rotor.ilywatch @whatchs @watchonista
by moore_77 from Instagram