Finance Industry News

The problems facing Greece are largely the result of corruption, inefficiency and macroeconomic imbalances built up over decades, but the changes needed to reverse the situation “must be imminent,” Bank of Greece Governor George Provopoulos said Tuesday.

At the same time, the solutions required to put Greece on a more solid footing entail a “complete overhaul” of the economy and must be durable, said Provopoulos, who is also a member of the European Central Bank’s Governing Council.

“The current crisis is affecting all sectors of the Greek economy and society. Therefore the answer cannot be short term,” Provopoulos said in the text of a speech delivered here. He said the e

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The price of a college education is going up so fast it is hard to keep track of the expenses. Between tuition, room, board, supplies, texts, and other activities, the final price tag can overwhelm most families. If you have more than one child, the burden is even higher. You really need to find the best money management strategies and ways to reduce costs, and here are a few suggestions that will give you a good start.

State Schools vs. Private Universities

Princeton University, a prestigious private university charged over $34,000 in tuition alone this year.

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There was an interesting article in today’s WSJ about a recent report issued by Morgan Stanley on how the tracking error between exchange-traded funds and their prospective indexes increased last year:

Last year, 54 ETFs showed tracking errors of more than three percentage points, up from just four funds the prior year. And a handful of the 54 missed by more than 10 percentage points.

Nearly all exchange-traded funds, which are baskets of securities that trade all day like stocks, are designed to track indexes. So investors expect returns to closely mimic those of market gauges like Standard & Poor’s 500-stock index or the Barclays Capital (formerly Lehman) U.S. Agg

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A 50 basis point increase in the Federal Reserve’s Discount Rate lifted the dollar to a nine-month high against the euro. The increased confidence in the buck worked against oil prices, sending a barrel of light sweet crude down 99 cents to $78.07 a barrel. B

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A reader needs your help today. Her question touches on so many subjects we talk about here: Marriage and finances, credit, and paying off debt. Show her some support by letting her know how she can handle this delicate matter.

Currently I have $18,564.55 in total of consumer debt. My hubby has accumulated 3 times that with consumer, car loan and student loans. We want a house, and we are living with his parents until we can afford a down payment. My problem is that we’re not on the same page. I started a job recently and I’m planning to put away $1,000 in an emergency fund. After that, I will start my debt snowball. My

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From personal experience, living in the dorms isn’t always the most pleasant experience, and many students choose to move out of the dorms after their freshman year. There are a lot of benefits to getting an apartment, including more privacy and your own room and kitchen, among other things. In addition, apartment living can give you more independence and freedom, since you can have friends over and do what you want without having to deal with the often overzealous campus security officers.

To that end, I’ve put together a short list of resources and tips if you are thinking about living off campus that will definitely help you save money and live more comfortably during your new adventure.

Finding an apartment. Tha

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