The crisis has gone terminal….Tougher Time Ahead: Interest On New Student Loans Rises By 20%, Apartment Rents Rise As Incomes Stagnate, Higher Utility Bills, Meat Prices

Greetings, The crisis has gone terminal. This means that there is no resuscitation for America. She is going down down down! Her time is up!!!! ….”There are many who look on the destruction without taking a second thought of the destruction without taking a second thought of the destruction of America’s education. Education is a guide for the people to keep and maintain a civilized life. It is education that civilizes us. Now to see the citizens of America rebelling against the American educational system is something that the wise of the wise should take thought of.”–pg.92(tfoa) Look at the enormous weight of debt and deficits placed upon the people of America!!!

Tougher Time Ahead: Interest On New Student Loans Rises By 20%, Apartment Rents Rise As Incomes Stagnate, Higher Utility Bills, Meat Prices

Student loan debt at all time high Student loan debt at all time highSAGINAW, MI (WNEM) – Student loan debt is at an all-time high and the costs continue to rise. Federal student loan interest rates are set to increase Tuesday. Loans for undergraduates will rise 1 percent from last year. Loan rates for graduate students will rise just under 1 percent. The average student in Michigan graduates with just under $29,000 in loans. With the increase that comes to about $300 more per year. Many college students leave campus with a weight of student debt. “I’m worried about when they’ll kick in,” said Lisa Calandrino, student. Now that weight is about to get even heavier. http://www.wnem.com/story/25908631/student-loan-debt-at-all-time-high INTEREST ON NEW STUDENT LOANS RISES BY 20% Starting July 1, all new loans for the 2013/2014 student year will increase from 3.86% to 4.66%, a 20% increase While the new quarter has started with a bang for the capital markets and those 1% who actually benefit from one after another record high courtesy of the Fed’s “fairy dust”, July 1 is an important date for another group of Americans: students. However, instead of more wealth, America’s aspiring intelligentsia has something far less pleasant to look forward to, namely more debt, because today is when higher interest rates for education loans kick in. Starting July 1 all new loans for the 2013/2014 student year will increase from 3.86% to 4.66%, a 20% increase. As a reminder, while the rate on student loans was lowered to 3.4% during the financial crisis, last summer this reduction expired which would have caused the rates to double to 6.8% had it not been for a last minute deal linking loan rates to US Treasurys, which luckily for students, are at historic lows for now. http://www.infowars.com/interest-on-new-student-loans-rises-by-20/ http://www.zerohedge.com/news/2014-07-01/starting-today-interest-new-student-loans-rises-20 High Gas Prices Heading Into July 4 Holiday With Independence Day only a few days away, today’s national average price of gas is $3.68 per gallon. This average is considerably more expensive than recent years for the holiday. The national average on July 4 in previous years was: $3.48 (2013); $3.34 (2012); $3.57 (2011); $2.74 (2010); $2.62 (2009); and $4.10 (2008). http://newsroom.aaa.com/2014/06/high-gas-prices-heading-july-4-holiday/ Barbecue Bummer: Meat Prices Rise Beef, pork, and poultry prices have spiked about 8 percent since this time last year – soaring to an all-time high. Experts say the dramatic cost spike is due in part to a drought in California, thin cattle herds, and a recent pork virus. http://kstp.com/news/stories/S3490156.shtml Tax Increase On Electricity Means Higher Utility Bills A new state tax law has gone into effect and your utility bills are going up as a result. Effective July 1, the state sales tax rate on electricity jumped from 3 percent to 7 percent. Greenville Utilities Commission says that means the average electric customer in Greenville will pay about $5.00 more per month. http://www.witn.com/home/headlines/Tax-Increase-On-Electricity-Means-Higher-Utility-Bills-265468361.html Apartment Rents Rise as Incomes Stagnate Apartment Landlords Continue to Push Through Hefty Rent Hikes in the Second Quarter Apartment landlords continued to push through hefty rent hikes in the second quarter, squeezing U.S. households that already are struggling financially after four years of steady increases. The average monthly rent for an apartment rose to $1,099 in the second quarter, up 0.8% from the first quarter, according to data to be released Wednesday by real-estate research firm Reis Inc. REIS +0.18% That was the 18th consecutive quarter of rent increases. For the 12-month period ended in June, rents rose 3.4%. Effective rents—which tend to be lower than asking rents—were up in all 79 U.S. metro areas tracked in the Reis report. West Coast cities that have been the model of recovery continued to top the list of highest rent growth for the quarter and over the past 12 months. http://online.wsj.com/articles/apartment-rents-rise-as-incomes-stagnate-1404273662?mod=WSJ_hp_LEFTWhatsNewsCollection Headlines: Moody’s Cuts Puerto Rico Rating Three Notches Puerto Rico makes bond payments, but muni market remains on edge Argentina could get a default rating from S&P next month Airlines warn Venezuela will lose connectivity Record Bond Sales Show Li Focused on GDP Over Debt: China Credit Biggest Pension Fund Replaces BOJ Driving Stock Rally Japan’s monetary base at record high in June: BOJ Puerto Rico’s Downgrade Shows Debt Law Can’t Contain Rot Student loan interest rates rise, worrying some experts U.K. corporate pension fund deficit rises 67% in past 12 months U.S. to Reduce and Delay Highway Funding Beginning in August Bad Property Loans Stick to Italian Banks ECB to meet, amid warnings to politicians to act to cut debts Pimco Total Return Fund has 14th month of outflowsTax Increase On Electricity Means Higher Utility Bills (North Carolina) Apartment Rents Rise as Incomes Stagnate Read more at http://investmentwatchblog.com/tougher-time-ahead-interest-on-new-student-loans-rises-by-20-apartment-rents-rise-as-incomes-stagnate-higher-utility-bills-meat-prices/#2BMwHsAhlXZS3KgG.99

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