| A nation in debt
The financial chickens are coming home to roost. Two sets of figures released yesterday should act as warning signals to Scots planning to head off for their customary weekend retail-therapy session. With personal debt in Scotland already standing at an average of nearly £9000 per person (excluding mortgage debt), more and more people are sliding into insolvency, according to government figures. While second-quarter personal bankruptcies in England and Wales appear to have levelled off, the figure for sequestrations (the Scottish equivalent) was up by more than 23% on the corresponding period of 2006. That translates as a record 38 Scots going bust every single day, the equivalent of nearly 14,000 a year, compared with fewer than 5000 in 1998. At the same time, statistics from the Council of Mortgage Lenders show a 30% rise in repossessions in the six months to June.
Schools' common ground: Collaboration not consolidation
Pennfield Schools Superintendent Dale Kimball, providing a tour of the district's new $23 million high school last month, opened the door to the workout facility when his cell phone started chirping. "Hey, Cindy," Kimball said. "Yeah, come on down, we'll be here." .
Teach your children to pay debt and save money
Karen Wons of Maryland finds herself in a quandary that is confronting many parents right now. She is struggling with how best to advise her daughter -- a recent college graduate -- on paying down her $25,000 in student loans. Wons did what any wise parent would do. She asked for help. Here's the back story. Wons' daughter works as a project manager at a medical software company. She has an annual salary of more than $50,000. Her employer provides a 401(k). She has about $13,000 in cash from recently redeemed Series EE savings bonds. She has no credit card debt. She has no payments on a reliable car with low mileage. She's sharing an apartment and other living expenses with an older sister in Madison, Wis. Her portion of the rent is just over $500 a month. Wons is unsure about the course her daughter should take with her debt.
Partnerships prove Ram pride sells
While Colorado State University doesn't generally sell naming rights to its buildings and sports facilities, it's happy to rent its name and logo to everyone from jewelers to car dealers, travel agencies and credit card companies. And every time a student or alumnus signs up or buys, the university, its athletic department and alumni association stand to benefit. .
TRX Reports Second Quarter 2007 Results
ATLANTA, Aug. 9 /PRNewswire-FirstCall/ -- TRX, (Nachrichten) Inc. , a global technology company that develops and hosts software applications to process data records and automate manual processes, today reported financial results for the quarter ended 30 June 2007.
Total revenues excluding client reimbursements for the second quarter of 2007 were $24.5 million compared with $29.4 million in the second quarter of 2006. Net loss for the second quarter was ($0.4) million compared with net income of $1.8 million in the second quarter of 2006. Net loss per diluted share was ($0.02) compared to net income per share of $0.10 per diluted share for the second quarter of 2006.
Revenues from transaction processing services for the second quarter of 2007 decreased to $16.6 million from $19.3 million in the second quarter of 2006.
Paying down student loans
KAREN WONS of Maryland finds herself in a quandary that is confronting many parents right now. She is struggling with how best to advise her daughter -- a recent college graduate -- on paying down her $25,000 in student loans. Wons did what any wise parent would do. She asked for help. Here's the background. Wons' daughter works as a project manager at a medical software company. She has an annual salary of more than $50,000. Her employer provides a 401(k). She has about $13,000 in cash from recently redeemed Series EE savings bonds. She has no credit card debt. She has no payments on a reliable car with low mileage. She's sharing an apartment and other living expenses with an older sister in Madison, Wis. Her portion of the rent is just over $500 a month.
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