Understanding the implications of an interest rate hike

first_img 18SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr Pundits keep a close watch on the U.S. Federal Reserve as it meets to raise interest rates after seven years of effectively zero rates. Yet the reality is that many Americans know little about interest rates, and much less about the implications of a rate hike for their finances! This was one key finding from the recently released S&P Global FinLit Survey, gathered with the support of McGraw Hill Financial.The goal of the international study was to compare adult financial literacy levels across more than 140 nations. Financial literacy was measured using questions assessing basic knowledge of four fundamental concepts: numeracy or capacity to do simple calculations in the context of interest rates, interest compounding, inflation, and risk diversification. Respondents were deemed “financially literate” if they could correctly answer three of the four questions (try the quiz yourself, here!). The Global Financial Literacy Excellence Center helped design the survey and analyze the results.Staggeringly, we found that only one in three adults is financially literate around the world. While Americans fare a bit better, only a little more than half of US adults score this well, a finding that bodes ill for one of the world’s most advanced financial markets. continue reading »last_img read more

All taxpayers owed bump-free driving

first_imgI find it ironic what has been said about the roads in Schenectady. Yes, we did have an unusual winter. But as I recall, the roads on what some call The Hill have been deteriorating for years. And it doesn’t help when companies dig holes for one reason or another and do a shoddy job patching them. Now to back my point: I took my son to pay his cable bill. The roads after such a harsh winter were as smooth as all get-out.The roads on Lexington Avenue and around Niskayuna were just as smooth. But to get back to The Hill. Try riding your car down by Martin Luther King School and around the territory and enjoy the bumps. Yes, I know some pay more taxes. But taxes are paid by all of us who have housing. I was going to say “who own property,” but that’s a different story. Thanks for listening.Bonita CadeSchenectadyMore from The Daily Gazette:Foss: Should main downtown branch of the Schenectady County Public Library reopen?Troopers: Schenectady pair possessed heroin, crack cocaine in Orange County Thruway stopEDITORIAL: Find a way to get family members into nursing homesEDITORIAL: Thruway tax unfair to working motoristsEDITORIAL: Urgent: Today is the last day to complete the census Categories: Letters to the Editor, Opinionlast_img read more

Eaglets Eye Early Ticket to Round of 16 with Ecuador

first_imgGolden Eaglets Femi SolajaWith the euphoria of the 4-2 win against Hungary last Saturday night behind them,the players are looking to qualify for the competition’s Round of 16 when they play Ecuador this evening in Goiania. Indeed, perseverance, persistence and determination characterized the Eaglets’ 4-2 win over Hungary, as they pushed and pushed until they got three goals in six minutes in the second half to turn the game on its head.However, tonight’s top-of-the-table clash with Ecuador at the same Estadio Olimpico, starting at 9pm Nigeria time, promises to be explosive, with both teams aware that victory would mean an early slot in the championship’s Round of 16.“We are very happy to have seen the congratulatory messages by President Muhammadu Buhari and our morale has been lifted even higher, and we will go into the match against Ecuador with greater determination to win,” team captain, Samson Tijani said last night while reflecting on Saturday’s opening match and what is expected of the team this evening.Just like Nigeria did on opening match day, other African representative also secured win in their respective matches following a resounding 4-1 defeat of USA on Sunday night by Senegal ensured perfect start from all the continental representatives.Debutant, Angola beat New Zealand 2-1 before fellow debutants, Senegal added colour to Africa’s performance so far.When Nigerian team step out again this evening, reports from Brazil indicate that the camp has been much energized by the words of love and encouragement by President Buhari who has been following the activities of the team so far.The President on Sunday congratulated the boys for the 4-2 lashing of Hungary in their opening match on Saturday, which put them at the top of Group B on goals difference ahead of Ecuador, 2-1 winners over Australia.In a statement released by presidential aide, Garba Shehu, President Buhari, under whose watch as Nigeria’s leader the Golden Eaglets won the first of their five world titles (as military Head of State in 1985) and their most recent one (as civilian President in 2015), expressed confidence in the ability of the Eaglets to win a sixth title in Brazil.“It was a wonderful display that I am very proud of. You showed that there is nothing that cannot be achieved with determination and perseverance. I have followed your journey leading to your arrival in Brazil for the competition. I have equally noted your determination and confidence throughout your preparations.“I have no doubt in my mind that you are determined to win the competition for an unparalleled sixth time.”Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegramlast_img read more