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Headlines to Watch

Week of November 27, 2017

Consumer sentiment hits 97.8 in November vs. 100.9  estimate

  • · Consumer attitudes on the economy fell in early November.
  • · Consumer sentiment was expected to remain steadfast, according to economists polled by Reuters.
  • · The University of Michigan index measures 500 consumers' attitudes on future economic prospects.

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U.S. consumer sentiment tumbled in early November, though the index remained at the second-highest level of the year so far.

The University of Michigan's index of consumer attitudes fell to 97.8 in November, well below the expectations of a survey of Reuters economists, who forecast no change from the 100.7 level at the end of October.

The measure soared to 101.1 on Oct. 13—the highest level since 2004—and has been consistently deflating since…(source: cnbc.com)

https://www.cnbc.com/2017/11/10/consumer-sentiment-hits-97-point-8-in-november-vs-100-point-9-estimate.html

Grad Students Would Be Hit By Massive Tax Hike under House GOP Plan

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There are a lot of anxious graduate students at universities around the country right now.  That's because to help pay for more than $1 trillion in tax cuts for U.S. corporations, the House Republican tax plan would raise taxes on grad students in a very big way. These students make very little money to begin with. And many would have to pay about half of their modest student stipends in taxes.

"The past week this is what I've been talking about with other graduate students, with classmates. I think we're all shocked," says Tamar Oostrom. She's….(Source:www.npr.org)

https://www.npr.org/2017/11/14/563879136/house-gop-tax-plan-would-hit-grad-students-with-massive-tax-hike

 

College Net Price Calculators

How Much Does It really Cost to go to the College Your Child has fallen in love with?  Find out here

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https://www.foremostadvice.com/fmaweb/Search/Search.aspx

Financial Aid Calendar

If your child is applying for financial aid for college, here is a calendar highlighting the important tasks to be done during senior year of high school. The dates are generally relevant for students applying regular decision……

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Email info@brackensfsn.com for the publication

 

Real Estate Investors Rush To Buy Houston Homes Damaged By Flooding

Image result for flooded home houstonhttps://media.npr.org/assets/img/2017/11/10/2017-11-010_houston-real-estate_hlowang-4_slide-c1359327bcad245ce3ca316c24e9ac7d856409b8-s1300-c85.jpg

More than two months since Hurricane Harvey made landfall in Texas and historic flooding damaged tens of thousands of houses in the Houston area, many homeowners who got hit are in a bind. Their now-gutted homes are financial drains.

That's bringing out investors who are eager to pick up damaged houses at low prices.  Call it a post-Harvey frenzy for flooded homes.  (source: npr.org)

https://www.npr.org/2017/11/08/562903267/some-real-estate-investors-eager-to-buy-houston-homes-damaged-by-flooding

 

Term of the Week

Coupon

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The annual interest rate paid on a bond, expressed as a percentage of the face value.  It is also referred to as the "coupon rate," "coupon percent rate" and "nominal yield."

Breaking it Down:

For example, a $1,000 bond with a coupon of 7% pays $70 a year. Typically these interest payments will be semiannual, meaning the investor will receive $35... (source: Investopedia.com)

https://www.investopedia.com/terms/c/coupon.asp

 

 

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