Student loans have been in the spotlight more than ever recently as the Occupy Wall Street movement sheds light on the severity of student debt and the trouble most postgraduates experience paying it back. Many college graduates who took out loans 10 or 20 years ago and entered the job market at its peak have complained of the weight of student loans and the long-term role they play in their life. For the new generation, this impact will be significantly
13 Dec 2011
Loans
Isn’t it interesting that highly leveraged institutions and organizations seem to bring out very innovative accounting strategies? It is in times like these that were learn just how creative accountants can be. “Weekend elections that threaten to drive Spain’s ruling Socialist party from power in several regions and cities also promise a potentially nasty surprise: the revelation of piles of undisclosed debt in local governments that could undercut the country’s drive to avoid an international bailout.” (See “Spain Vote Threatens
13 Dec 2011
Franchising
The Financial Accounting Standards Board has decided to allow a little more time for folks to study and comment on three proposals, primarily because they contain complicated issues that may interact with one another. The board has extended to Feb. 15, 2012, the comment period for proposals on consolidations, investment companies, and investment property entities. Staff members told the board during a recent meeting that a handful of large industry groups and financial institutions asked for an extension in light
13 Dec 2011
Franchising
Kansas (Rate Wire) — The benchmark 30-year fixed mortgage rate in KS has moved down since the beginning of the year. In our first reading for the year on Jan. 7 the rates averaged 4.9%; this week the average stands at 4.15%, a drop of 75 basis points. The state average is higher than the national average of 4.13%, which is 2 basis points lower than in KS. If you are looking for the best rate in the area, then
13 Dec 2011
Mortgage