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Tag: years

Percentage of college graduates owing $20,000 in student loan debt doubles in 10 years

Percentage of college graduates owing $20,000 in student loan debt doubles in 10 years

Finance
As college costs rise and incomes fail to keep pace, the problem of student loan debt has become exponentially worse.Now, nearly half of student loan borrowers owe at least $ 20,000 when they graduate, double the share a decade ago, according to a recent report by the Consumer Financial Protection Bureau. Meanwhile, the percentage of borrowers who owe $ 50,000 or more has tripled over the same time period.More from College Game Plan:The first steps to repaying your student debtThree ways to avoid the financial death spiral of defaulting on your student loansThis student debt strategy can save you more than $ 18,600Fewer are also paying down their debt within five years, the report said."People are taking on more student debt later in life, and having a tougher time paying it back," CFPB di...
Asda reports first rise in sale in three years

Asda reports first rise in sale in three years

Business
Asda has reported its first increase in quarterly sales for three years, boosted by a bumper Easter.Britain's third biggest supermarket, owned by US retail giant Walmart, said like-for-like sales rose by 1.8%, excluding petrol, in the three months to 30 June.This compares with a 2.8% fall in the first quarter of this year, which was an eleventh straight decline.It is a big turnaround when compared to this time last year, when the supermarket chain suffered its worst ever quarterly result with sales plummeting by 7.5%.Walmart president and CEO Doug McMillon said he was "encouraged" by the results."I visited Asda to see the progress being made," he said. "Customers are responding to investments in price and store experience by visiting the stores more often and increasing their basket sizes....
The Buffett Challenge — hedge funds vs. index funds — 9 years on

The Buffett Challenge — hedge funds vs. index funds — 9 years on

Finance
Nearly 10 years ago Berkshire Hathaway CEO (and arguably one of the best investors on Earth), Warren Buffett, issued a challenge to the hedge fund industry — a $ 1 million bet that they could not put together a portfolio of hedge funds that would outperform an S&P 500 Index fund over a 10-year period.Buffett was convinced the combination of active stock-picking and high costs would result in lagging market performance, and he was willing to put his money where his mouth was.One company stepped up to the challenge. Protégé Partners LLC selected five hedge funds (the names of the funds have not been disclosed publicly), and Buffett selected the Vanguard Admiral Shares S&P 500 Index Fund.The 10-year period began January 1, 2008, which means we are in the final year of the challenge. W
Danniella Westbrook, 43, engaged to toyboy lover 11 years her junior – weeks after meeting

Danniella Westbrook, 43, engaged to toyboy lover 11 years her junior – weeks after meeting

Entertainment
GETTY IMAGESENGAGED: Danniella is set to wed toyboy Alan ThompsonThe 43-year-old former Celebrity Big Brother star is set to marry Alan Thompson, 11 years her junior, just weeks after meeting him.Pictures have been circulating of Danniella with the 32-year-old hunk on holiday together in Spain.The new couple were seen hugging in the ocean as Daniella showed off her curves in a tiny string bikini.Danniella Westbrook ditches bikini for wet & wild parade Danniella Westbrook goes for steamy skinny dip in broad daylight.BACKGRID Danniella Westbrook's nipple comes out to play as bikini lets her down GETTY IMAGESWHIRLWIND ROMANCE: The former CBB star has only known Alan for a few weeks “I'm in the best place of my life and so happy I can't stop smiling”&
Shikha Sharma reappointed as MD & CEO of Axis Bank for a period of 3 years

Shikha Sharma reappointed as MD & CEO of Axis Bank for a period of 3 years

Finance
MUMBAI: Shikha Sharma was reappointed chief executive of Axis Bank for another three-year term as the board felt the need for “continuity” with the industry undergoing stress and facing challenges on many fronts, including technology-led change. With her current term set to end next year, this will extend her tenure to June 2021. The search for a possible successor has been abandoned as the board wanted to put an end to speculation about the 58-year-old CEO’s exit from the bank, said two people with knowledge of the process. “The bank has an exciting future and I am just focused on trying to do the best we can as a team together for the bank and the stakeholders,” Sharma told ET. There has been talk of Sharma’s possible departure from the bank for more than a year. First there was spec