Articles worth reading
Image : Pistorius prosecutor 'the bulldog' resigns

Pistorius prosecutor 'the bulldog' resigns

person Orange Themes access_time Jan 31,2017

Yahoo News South African prosecutor Gerrie Nel, who came to worldwide attention for securing the murder conviction of Olympic sprinter Oscar Pistorius, has resigned, the country's prosecuting authority said on Tuesday. Nel's forensic questioning and

Image : Vietnam's firms hopeful for strong 2017

Vietnam's firms hopeful for strong 2017

person Orange Themes access_time Jan 18,2017

Vietnamnet - Vietnamese firms are mostly optimistic about their business results for 2017, driven by the improved macro-economy coupled with Government efforts to improve the business climate and remove obstacles.

Image : Shiffrin favored for prized World Cup title after Gut crash

Shiffrin favored for prized World Cup title after Gut crash

person Orange Themes access_time Feb 10,2017

Yahoo News ST. MORITZ, Switzerland (AP) — Exiting her home ski world championships in a helicopter airlift after a crash, Lara Gut lost a lot on Friday.

Latest blog articles

Despite improving US economy, credit lags in large areas

access_time Oct 25,2016 chat_bubble_outline 73 views
Despite improving US economy, credit lags in large areas

Washington (AFP) - As the US recovery has gradually improved economic prospects of families, on-time payments and access to credit have improved, but there remain large areas where people are being left behind.

Many people still cannot access traditional forms of credit, or have high credit delinquency rates, according to the New York Federal Reserve Bank's Community Credit report released Monday.

And even in healthy credit states there are pockets of serious problems, according to the data, which can provide tools for local governments and community groups to target their efforts.

There are counties that have "really low or adverse numbers and have had those numbers for years. It's a tale of two cities, the good right next to the troubled," said Kausar Hamdani, senior vice president in the Communications and Outreach Group at the New York Fed.

For the entire United States, the share of adults with a credit card or a home equity credit line improved to 69.7 percent at the end of 2015, up from the post-crisis low of 67.7 percent in 2013.

But far fewer people can count on these forms of credit than before the crisis, as the rate was 75 percent in 2005, the report showed.

The data show more people are making sure to pay their bills on time. Those who were never more than 30 days past due on their credit payments in each quarter, the on-time payers, rose to 77.7 percent last year, from a crisis low of 74.1 percent in 2009.

And it appears Americans have learned some lessons about credit from the crisis: the on-time payer rate is well above the 76.3 percent seen before the crisis in 2005.

- Regional differences -

But the New York Fed's online community credit heat maps, which provide pictures of the credit status by state and county for the past decade, illustrate in bright colors how the good news at the national level is countered by vast areas of not-so-good news.

In nearly half the states, mostly in the South and Midwest, less than 70 percent of adults have access to a credit card or home equity line, and in seven Southern states the rate is less than 60 percent. The on-time payment rate across the South also lags well behind the national rate, in many of those states below 70 percent.

Even in states with the best credit picture, the heat maps show the pockets of problems: in Virginia, counties just outside the nation's capital have on-time payment rates above 80 percent, but in the southeastern corner of they state they are in the low 70s.

Hamdani helped develop this credit data tool, first released last year, to fill in big data gaps.

"It seemed to me we needed something, a common base of information so we could have a sensible discussion not just about policy but about where the problems are and the dimension of those problems," she said.

The data is useful to groups working on consumer credit repair or access to credit, as well as local government officials, who need to understand the extent of the "two cities" problem.

Jonathan Mintz, president of the Cities for Financial Empowerment Fund, which helps cities in their efforts to improve financial stability of low-income families, is enthusiastic about the potential for the data to help policymakers, calling it "a golden tool."

"What's really important in the data is the ability not just to zero in on where there are problems and therefore where to target resources, which is hugely important, but the ability to identify where the next problem area might be," Mintz told AFP.

That means how to target resources, where to direct advertising about credit services, and where to locate services like credit counseling centers, he said.

The New York Fed gave an in-depth briefing on the data tool to the CFE coalition of 15 cities. "This data has a huge credibility factor," Mintz said.

World - Yahoo News
David Luiz holds back to ensure Chelsea's defence stays unbreached

Read on the original site chat_bubble_outline Read More...

Hundreds of immigrants arrested in 'routine' U.S. enforcement surge

By Sharon Bernstein and Kristina Cooke(Reuters) - U.S. federal immigration agents arrested hundreds of undocumented immigrants in at least four states this week in what officials on Friday called routine enforcement actions.Reports of immigration sweeps this week sparked concern among immigration advocates and families, coming on the heels of President Donald Trump's executive order barring refugees and immigrants from seven majority-Muslim nations. That order is currently on hold."The fear… chat_bubble_outline Read More...

What's new at the fourth Hanoi International Film Festival?

Film's director Régis Wargnier, who won an Oscar for best foreign language film for “Indochine” in 1992, attended the event. Photo by VnExpress Vietnam’s A-listers along with filmmakers and actors from around the world are taking to the red carpet in the capital for the fourth Hanoi International Film Festival (HANIFF). The festival features significant changes from previous years under the theme “Cinema – Integration and Sustainable Development”. A total of 146 films from more than 40… chat_bubble_outline Read More...

Suicide bomb attack kills seven in Baghdad market: police, medical sources

BAGHDAD (Reuters) - A suicide bomber blew himself up in a crowded marketplace in eastern Baghdad on Sunday, killing at least seven people and wounding over a dozen others, police and medical sources said.The attack in the mainly Shi'ite district of Baladiyat was the second bomb attack to hit the Iraqi capital on Sunday. A suicide car bomb claimed by Islamic State at another market killed 13 people earlier in the day.(Reporting by Ahmed Rasheed; Writing by John Davison; Editing by Mark Potter) chat_bubble_outline Read More...

Guards thwart suicide attack on Yemen central bank

Aden (AFP) - Guards thwarted a suicide attack on the Yemeni central bank on Saturday opening fire on the bomber's vehicle and blowing it up before it reached the building, a security official said.The central bank has been based in the government-controlled second city of Aden since last month, when President Abedabbo Mansour Hadi ordered its relocation from the rebel-held capital Sanaa accusing the rebels of running down its foreign reserves.Five guards were wounded when the bomber's vehicle… chat_bubble_outline Read More...

folder_open Assigned tags

Comments

Loading...

Trends in Singapore

Trends in Indonesia

Trends in Philippin