Abstract
A look at the purpose of student loans as a government institution and how this benefits students. It also analyzes the damage defaulting on such loans has to the students' future. The writer looks at the history of the implementation of students loans by the government and how this concept has evolved.

From the Paper
"Although a student loan can be the beginning of a promising and lucrative career, defaulting on that loan can sadly become a weight on one's shoulders that is not easily removed. Defaulting on a student loan may cause consequences that follow a person for many years to come.
The figure for student loan default now stands at 6.9 percent, the lowest on record in the history of the government program. Ten years ago, it topped 20 percent and the entire program was in danger of being discontinued. To a large degree, the failure was attributed to for-profit vocational schools that encouraged students to obtain loans for courses of study that had little chance of bettering the students' potential for employment. Changes in policy helped do away with this type of misuse of the student loan program, and the growing strength of the economy helped to rescue it from cancellation (The Washington Post)."

Tags:education, payment, financial, assistance, borrower, interest, loaner, defaulting, credit, graduation

Abstract
The possible default of Russia on her debt has precipitated a crisis around the world, and coming at the same time as the Asian crisis, this may be a devastating second-tier of financial woe with effects far from Moscow.

From the Paper
"INTRODUCTION
The possible default of Russia on her debt has precipitated a crisis around the world, and coming at the same time as the Asian crisis, this may be a devastating second-tier of financial woe with effects far from Moscow. The Russian crisis has already affected investment in certain hedge funds and has frightened a number of analysts who realize what more could happen if the crisis is not resolved. Many Americans see Russia as far away and not related to American interests since the downfall of the Soviet threat, but this is not the case. The Russian crisis has already had an effect on the American economy and may have an even greater one. This may or may not be an argument for bailing Russia out, but it is certainly cause for some concern."

From the Paper
"This research examines the mortgage loan market. Facets of the market examined include (1) comparison of loan.type alternatives available in the contemporary market, (2) interest rate comparisons in relation to selected loan.type alternatives, and, (3) current and projected mortgage loan market environments.

Comparison of Loan.Type Alternatives Available in the Contemporary Market
Adjustable rate mortgages (ARMs) are one of the most popular loan.types available in the contemporary mortgage loan market. ARMs are especially ..."

From the Paper
"This research explores positive aspects of the collection of delinquent student loans in the USA. The research will set forth the context in which delinquent-loan collection has emerged and the scope of the delinquency problem and then discuss the financial benefits of a well-managed collection project.

"In fiscal year 1995, the U.S. Department of Education held about $8.5 billion in delinquent federally guaranteed student loans (Dockter, 1998, p. 4). In fiscal 1996, the federal government paid to private-sector lenders $2.662 million in loan-default guarantees on Federal Family Education Loans (FFEL), a 16% increase from the previous year, bringing the 10-year cumulative total of student loan defaults, or receivables, to about $28.9 million. By comparison, only $15.2 million in FFEL..."

Abstract
The paper explores whether keeping the books open an extra day to avoid defaulting on debt covenants is unethical. The paper concludes that this will be unethical only if the company is subject to an audit and the irregularity would be detected, resulting in an uncalled for calling of the loan.

From the Paper
"A simple answer to the dilemma is to call the customer and ask them to wire the money to the company. Assuming that they are not in as tight a cash bind as you are, you should be able to offer a discount of some sort to make it worth their while. Alternatively, they could go to the bank and get some sort of overnight loan, though that could be much more expensive. Simply leaving the accounts open for a..."

Tags:Auditing, lending, debt, covenants

Abstract
This paper looks at the Greek crisis from its early beginnings through the country's second bailout. It assesses Europe's involvement in both fomenting and solving the crisis. It also looks at the consequences of the debt crisis and potential default, and how it could affect the global economy.

Outline:
Beginnings of a Crisis
Greece - The Core of the Crisis
Avoiding a Default - Bailouts
The Effects of the Crisis

From the Paper
"In 2008, an unprecedented global economic crisis began to manifest with the collapse of Lehmann Brothers and a resulting cascade of events around the globe. After a brief moment of stabilization toward the end of 2009 and into the first quarter of 2010 following the initial shock, a second crisis began to surface in Europe as yields on Greek government bonds suddenly began to rise. A decrease in tax revenue across the globe as well as rising costs due to stimulus packages off the initial crisis had driven debts up around the world, but for Europe, the world's largest economy, the crisis in this small Mediterranean nation would mushroom into a system-wide event."

Tags:IMF, Eurozone, creditors, debt repayment, bailout, euro, default

Abstract
This paper argues that blaming bankers for the current global recession is to miss broader and far more significant factors that led to this crisis. In response to this accusation, the paper notes how governments also contributed to the economic downturn. The Sarbanes-Oxley Act is describes at length as helping to support government regulation and protection against illegal corporate practices, such as those committed by Enron, Tyco and many others. Additionally, the paper addresses how the global financial system is increasingly capable of being manipulated not by bankers, but by entire governments to alleviate any costly fluctuations in their currency, as seen with China and the US. Finally the paper considers credit-default swaps as an example of ethical lapses that can quickly translate into billions of dollars of losses as a result. The paper concludes by stating that compliance legislation needs to enforce laws through audits and not just through laws if the banking community globally is to become more ethical over time

From the Paper
"These two factors of a global financial system increasingly capable of being manipulated not by bankers, but by entire governments to alleviate any costly fluctuations in their currency, as China and the US both did extensively during this time, and the deflation of interest rates drove down the cost of capital to levels never seen before. As a result, with many of the world's western nations flush with cash and interest rates at exceptionally low levels as a result, housing re-financing became the new Automated Teller Machines (ATM) for millions of homeowners globally. In addition, low interest rates made it possible for sub-prime lenders to create highly profitable business models that extended homeowner's mortgages with interest rate escalations that would initially have very low interest rate-based payments a typical working class family could afford, only to settle at three or four times the original amount in the majority of cases (Gerrish, 2002). This forced nearly all of these middle class families with sub-prime mortgages to default and eventually see their homes foreclosed upon."

Tags:Sarbanes-Oxley Act, SEC, Gross Domestic Product, credit-default swap trades

Abstract
This paper examines the recent economic crisis faced by banks as a result of defaults on loans. The widespread economic fallout is also analyzed. First, the paper describes Alan Greenspan's logic on bank loans, further citing how loans were made at the beginning of the 21st century. Next, the paper discusses the failure of large corporations such as AIG and the relationship to credit default swaps. The paper concludes by making recommendations on how to avoid financial crises such as this in the future.

From the Paper
"In short, Greenspan conceded that the economic creativity and rapacity of Wall Street had exceeded his and other economist's wildest expectations. The federal bureaucratic system put into place after the debacle of the Great Depression may have addressed the concerns raised by that particular financial catastrophe, but today's economy is a far different world. Perhaps one small but telling example of how little the federal regulatory system of banking had changed since the New Deal was that the government only recently and temporarily raised the amount of money it would ensure for individuals from $100,000 to $250,000 ("US FDIC says higher insurance limits helpful," Reuters, 2008). The wariness about interfering with the banking system was so extreme; it took the threat of another crisis and the failure of such stalwart banks as Washington Mutual to move the Fed's hand to raise the amount, which had existed at $100,000 for decades, despite inflation."

Tags:credit, deregulation, Alan Greenspan, mortgages, foreclosure, regulation

Abstract
Models are developed to predict two interest rates. The default-free money market security for which a model will be developed to predict the interest rate is the 90-day United States Treasury Bill. The capital market security which is characterized by some degree of risk for which a model will be developed to predict the interest rate is a 90-day certificate of deposit issued by a financial institution.

From the Paper
"Interest Rate Prediction
Introduction
Models are developed to predict two interest rates. The default-free money market security for which a model will be developed to predict the interest rate is the 90-day United States Treasury Bill. The capital market security which is characterized by some degree of risk for which a model will be developed to predict the interest rate is a 90-day certificate of deposit issued by a financial institution.
Keynes held that the rate of interest is determined, instead, by the intersection of the supply of money and the demand for money. Instead of time preference, which is involved in the classical economic theory of interest, the Keynesian theory of interest is concerned with liquidity preference. The liquidity preference..."

Abstract
This paper details facts on the health debate in predominantly third world countries. It discusses the Nestle formula case and how marketing has made breast-feeding into something to be thought about by many mothers. It shows how before breast-feeding was the default choice of nutrition, formula has taken a large portion of the market share. Pros and cons of each choice is presented.

From the Paper
"Breast-feeding advocates around the world state that 1.5 million babies die each year from improper substitution of breast-feeding. That's a death every 21 seconds. Since the 1970's, an international battle has raged over the marketing exploits of the baby food industry. With Nestle controlling 40% of the multi-billion dollar worldwide baby milk industry, they have been the most visible target of boycotts and legislation. However, after almost 30 years in the news, it seems that neither side has made any real progress. Nestle claims it adheres to international code and provides a very necessary product; breast-feeding advocates shout bloody murder and continue their campaign. How can this debate be resolved?"

Tags:child, care, formula, nutrition, health, africa, nestle, market, milk, baby