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Hidden away amongst the warehouses on King Street is an edgy little food secret called Butcher Bee. A favored hangout of restaurant employees throughout the city, it features sexy sandwiches, sturdy sides and succulent treats ranging from $7 to $12. The atmosphere is casual with both carnivorous and vegan options worked into the menu, which changes daily. | Hidden away amongst the warehouses on King Street is an edgy little food secret called Butcher Bee. A favored hangout of restaurant employees throughout the city, it features sexy sandwiches, sturdy sides and succulent treats ranging from $7 to $12. The atmosphere is casual with both carnivorous and vegan options worked into the menu, which changes daily. | ||
Theriault is the best-selling co-author of the book "10,001 Ways to Live Large on a Small Budget," and founder of TrekHound.com, a website for independent travelers. She also founded TheLessonMachine.com, a website for teachers.</html> | Theriault is the best-selling co-author of the book "10,001 Ways to Live Large on a Small Budget," and founder of TrekHound.com, a website for independent travelers. She also founded TheLessonMachine.com, a website for teachers.</html> | ||
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| + | == Some Perspective on Student Loan Debt Fears 0 == | ||
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| + | <html>College is expensive—and getting more so in recent years, with costs advancing at a rate far exceeding overall inflation. And many students borrow (occasionally heavily) to meet the expense—including some who have no immediate hope of repayment after graduation. With government college loan rates potentially set to reset higher in July, this has ignited fears of a potential debt-drag on US economic growth. Yet, given some perspective, these fears seem very unwarranted from a market and economic impact point of view. | ||
| + | The issue at hand seems to be the scheduled July 1,[http://cgi.tako.ne.jp/~friends/bbs3/light.cgi?res=9034 What Is Article Marketing Content Publishing Fund], 2013 expiration of 2007 legislation that gradually reduced student loan rates. If nothing changes, rates would double from 3.4 percent to 6.8 percent. Student loan delinquencies already exceed credit cards, and some fear the rise would crush recent college graduates. | ||
| + | Higher rates would clearly impact the students and graduates involved. Yet the student loan market is government-guarantee dominated—there's very little private sector exposure here. In fact,[http://www.jerseys-hearts.com/Nike-Ravens-81-Boldin-black-limited-2013-Super-Bowl-XLVII-Jersey-29155/ Nike Ravens 81 Boldin black limited 2013 Super Bowl XLVII Jersey], the government is currently originating roughly 93 percent of overall student loans, up from 77 percent prior to 2008. So for inherently private sector stocks and markets,[http://you-group.fte.jp/cgi-bin/tetu/light.cgi?res=120362%252B%25255BPLM=0%25255D%252BGET%252B How to Select a Professional Web Design Company In], the direct effect is minimal at best. | ||
| + | Another reason the effect is minimal is only would be impacted. The affected rates are only on —issued after July 1, 2012. Preexisting loan rates are unaffected. | ||
| + | But this all assumes July 1 comes and rates shoot higher. And that’s a speculative bet at best. Just last year, Congress faced the on this exact topic—a looming automatic rate hike on July 1. Yet, when push came to shove, a last-minute extension was passed on June 29. Hence, it seems there’s plenty of time to figure out a deal before the automatic rate increase occurs, particularly given Congress's penchant for last minute can-kicking. | ||
| + | And talks are already underway. Many and varied versions of bills circulating Capitol Hill presently seek to forestall the rate doubling. are getting little attention and stand next-to-no chance of passing. Other bills with broader support seek to extend current rates. Still others, like a , tie rates to 10-year bond yields plus a spread. That's similar to a proposal in President Obama's budget, though the spread and terms differ. There's currently ample time and political will to prevent this student-loan-fiscal rock climb. And importantly, while many may unfortunately carry student loan debt, the unemployment rate for those is presently 3.9%, down from its recent cyclical peak of 5.1%. Hence, the number of folks with a degree, too much debt and no job is seemingly a small share of total borrowers. | ||
| + | Last year, when the extension passed,[http://www.jerseys-hearts.com/Cardinals-11-Fitzgerald-red-kids-Jerseys-6149/ Cardinals 11 Fitzgerald red kids Jerseys],[http://cgi.ebay.co.uk/ws/eBayISAPI.dll?ViewItem&rd=1&item=350246435893&ssPageName=STRK:MESE:IT Understand the Importance of Dallas SEO Services a], it was an election year—perhaps a factor in its passing. Yet in a very realistic sense, politicians are nearly always on the campaign trail. We're betting relatively few of them decide they want to look as though they're putting a big squeeze on higher education, and will vote for politically popular proposals pushing out loan rate hikes further. | ||
| + | This constitutes the views, opinions and commentary of the author as of May 2013 and should not be regarded as personal investment advice. No assurances are made the author will continue to hold these views, which may change at any time without notice. No assurances are made regarding the accuracy of any forecast made. Past performance is no guarantee of future results. Investing in stock markets involves the risk of loss. | ||
| + | By Todd Bliman, Fisher Investments</html> | ||
