The Unconventional Strategy This Man Used to Consolidate $70,000 of Debt

Getting into student loan debt

Ray works as a business analyst and helps companies improve their performance — a field that requires advanced degrees. Both he and his wife went to private colleges rather than public universities, which significantly added to their college costs. However, they saved money where they could.

“I enrolled in an accelerated program [at Robert Morris University-Illinois],” he says. “I did a dual degree, earning a bachelor’s and two master’s degrees in four years.”

Although his unique program was cheaper than it would have been to earn each degree individually, his education costs still added up quickly.

But Ray took on the debt with his eyes wide open. “I knew a ballpark estimate of what to expect for my starting salary in the technology field,” he says. “I knew what I was getting into.”

The parents of both Ray and his wife had also taken out Parent PLUS Loans to help them pay for school, but the couple felt responsible for that debt.

“To me, I felt we morally needed to get them out of debt,” Ray says. “It’s our responsibility, in my mind. We didn’t want to hold our younger siblings back [from going to college] because our parents had to worry about those loans.”

By the time Ray and his wife graduated, their loan balance was more than $200,000. Thankfully, they both relied on federal loans to pay for school, so they had lower interest rates than they would have had if they used private student loans. “Our interest rates ranged from 3.00% to 8.00% on our loans,” he says.

Coming up with a repayment plan

Ray started researching his repayment options and looked for a tool he could use to see all of his family’s loans at once. His search led him to Student Loan Hero’s app, which helped him get started.

The tool let him see all of the couple’s loan balances, interest rates, and monthly payments in one place. With a loan dashboard in place, the couple became focused on paying off their debt as soon as possible. They used the debt avalanche repayment method, where you target the highest-interest debt first.

Ray and his wife have a combined income of $110,000. Although that sounds high, payments on $200,000 in student loans eat up a significant portion of their pay.

To help free up extra money to put toward their loans, the couple lives on a strict budget. That approach allows them to put more than $4,500 per month toward their debt on top of their regular payments.

“We’re being very intentional with our money,” Ray says. “We do a lot of preplanning. If it’s not in the budget, we just don’t spend the money.”

A radical debt repayment strategy

Besides cutting their expenses and sticking to a budget, Ray and his wife decided on a non-traditional plan for debt repayment.

The conventional financial advice says that if you follow the debt avalanche repayment strategy, you make the minimum payments on all of your debt and put any extra money toward the debt with the highest interest rate.

For Ray, that approach didn’t seem effective enough. Instead, he talked to each loan servicer and entered the lower-interest loans into forbearance; in other words, he paused payments on those loans.

With his other debt payments on hold, he put all of his extra money toward just one loan with the highest interest rate. When that loan was fully paid off, he tackled the next highest-interest debt, and so on.

It’s a radical approach that’s not for everyone. When you enter your loans into forbearance or deferment, interest continues to accrue on those loans, so you can end up paying more in interest fees over the length of your loan. But for Ray, seeing the progress they made on each loan was highly motivating.

“Having a high-intensity focus on one loan at a time — the highest-interest one — kept us moving forward,” he says.

Next steps for paying back his loans

With this strategy in place, Ray and his wife managed to pay off $70,000 in student loans in just one year. If they maintain this pace, Ray estimates that they will be debt-free by March 2020.

For others who find themselves overwhelmed with debt, Ray advises borrowers to start tracking your expenses and income.

“Many times, people let the huge amount of debt blind them and they get paralyzed by their student loan balance,” he says. “Really, just get on a budget — that’s what is going to get you through.”

As Ray’s experience shows, there’s no one way to pay off your debt. You need to pick a debt repayment strategy that works for you in the long term. Even if your approach is unconventional, if it keeps you motivated and on track to pay off your debt, it might be the perfect plan for you.

If you want to pay off your loans ahead of schedule, check out debt consolidation loan companies to consolidate your loans faster.


7 myths about the Credit Bureau and an easy payday loan that you must stop believing

If you are going to apply for a loan, you should know that couldn’t be easier. Having a healthy credit history will make your relationship with institutions that provide financial services so.

Learn about the myths about the Credit Bureau and discover why it is not as scary as everyone has made you believe:

Myth # 1 “The credit bureau is the blacklist of debtors”

The truth is that we are all in the credit bureau. Since all the institutions that make loans or issue credits, they report the behavior of all their clients to this organization and all the institutions to have access to it.

So do not worry about being in credit bureau, better try to work on the timeliness of your payments and your behavior so that your record is a healthy accredited.

Myth # 2 “You can never leave the credit bureau”

Well, this is a bit true. But as you read in the previous myth, it is not necessarily a bad thing. This only means that the credit bureau will always have information about your behavior and your ability to pay while you have an active credit.

Myth # 3 “The credit bureau denied my credit”

This can not be possible. The credit bureau does not have the ability to approve or deny credit to any person. Only the agency that provides the financial service is able to decide which users will grant them a loan and which ones will be denied.

What causes your loan to be denied is your behavior reflected in the record. So if you submit a debt we recommend you pay it as soon as possible.

Myth # 4 “The Credit Bureau is a government agency”

The Credit Bureau is a private company that is dedicated to managing and integrating information on the credit behavior of users in order to provide safe and reliable data to financial service providers.

Myth # 5 “The Credit Bureau violates the confidential data law”

The information that the bureau has is confidential and will only be obtained by financial entities at the moment in which you give the authorization to be consulted. That’s why it does not break the law.

Myth # 6 “If you pay a certain amount you can leave the bureau”

This is the most dangerous myth of all. Nobody can get you out of the credit bureau. Simply make your payments on time and get up to date with your debts to maintain an adequate record to continue acquiring financial products.

Do not give your data to strangers who say they can get you out of the bureau. You run the risk of fraud by offering this information.


Eliminating a shortage of nurses: Volunteers help older people in everyday life

written by Anja Schlicht The lack of nurses has many faces.

The fewer nurses there are, the less time is left, for example, for interpersonal relationships. Especially people in need of care and older people who can not be cared for by relatives then face loneliness. A support network of volunteers tries to remedy the situation.  Thomas Oeben is chairman of the board at your neighbor

Washing clothes, cooking, going to the doctor, keeping the apartment clean – What was possible for years without any problems, becomes a challenge for many people in old age. They suddenly need help , because they can not move so well. If dependent and elderly people have no relatives nearby who can take care of them on a regular basis, they will have to resort to care services or move to a nursing home.

The support network Your Neighbor eV now offers an alternative. With “trained volunteers, it wants to give those in need of care a lot of time and support them and their relatives in the daily tasks,” says CEO Thomas Oeben. The helpers come from the neighborhood and take care of, for example, cooking or shopping, accompany people in need of help at medical appointments or simply spend time playing cards or going for a walk with older people. In an interview with Oeben explains why the club was founded and how it differentiates itself from a nursing service.

How did you come up with the idea of ​​founding your neighbor eV?

How did you come up with the idea of ​​founding your neighbor eV?

Thomas Oeben: The idea of ​​building an efficient and cost-effective social support network came to me when, at the end of 2014, the topic of demographic change was very much in the media and was highlighted in the magazine Der Spiegel every week by a different source. The enormous increase in the number of people in need of care was described by the year 2030 by 50 percent to 3.9 million people. At the same time, the number of potential helpers from the 50- to 64-year-old generation who could care for over 80s is 34 percent lower. In addition, 500,000 nurses will be missing.

At that time, I was COO in a medium-sized logistics management AG, which has set up and centrally controlled nationwide Europe-wide waste disposal networks with very high quality standards in the automotive and electrical industries with different service providers. Based on very streamlined processes and high-performance IT, we have handled more than two million orders per year with only 50 employees.

We quickly realized that with an interdisciplinary approach, we can make a very big contribution to closing the supply gap . So two former colleagues from logistics, friendly doctors and I founded the non-profit association Dein Nachbar eV We bundled logistic network management knowhow with the experience of nurses and the activation of a large number of volunteer helpers to build up a binding, nationwide support network. The processes were underpinned by a high-performance IT infrastructure and digitized the complex aid search and the distribution of missions to keep the administration extremely slim and to ensure any scalability.

How many helpers has the network grown since its founding?

Thomas Oeben: In two years we have gained 280 volunteer helpers and 180 of them have been trained as day-to-day companions, so that they can also take care of people in need of care and support family caregivers.

How are the volunteers insured as part of their job, such as dropping a plate while rinsing or accidentally injuring them when accompanying elderly people to the doctor?

How are the volunteers insured as part of their job, such as dropping a plate while rinsing or accidentally injuring them when accompanying elderly people to the doctor?

Thomas Oeben: For our volunteers, we have covered the maximum insurance coverage , as we do not want a committed person to be liable for a mistake. All our helpers are liable and accident insured. In addition, we have taken out a business travel insurance policy in order to be fully secured in the event of a self-inflicted accident during an escort service.

Their social support network focuses primarily on older and needy people. What challenges are associated with your work?

Thomas Oeben: At first, when no-one knew the name of your neighbor, the clients were especially suspicious . But with our concept, we have always had a high level of support from volunteers. Thus, we gradually succeeded in establishing a good reputation in the district through the trusting work of our full-time nurses in the care counseling and training of family caregivers. In the meantime, the network covers large parts of Munich and enjoys a high demand.

The services of your neighbor eV are partly similar to those of a classic nursing service. What is special about your service?

The services of your neighbor eV are partly similar to those of a classic nursing service. What is special about your service?

Thomas Oeben: We see ourselves as a supplement to the nursing services because we do not carry out nursing activities. The Friedrich Ebert Foundation estimates the shortage of nurses for the year 2030 at half a million full-time jobs. This means that nursing services will not be able to meet the nursing need and accordingly have no time to care for clients . With our network of trained volunteers we want to give the needy a lot of time and support them and their relatives in doing the daily things. And in a binding and cost-effective manner.

So far, the volunteers are only traveling in Munich. Are you planning to extend the neighborhood service to other cities?

So far, the volunteers are only traveling in Munich. Are you planning to extend the neighborhood service to other cities?

Thomas Oeben: We are able to set up three branches in the next few months. However, it is difficult for a charitable association to secure the necessary start-up funding. That is why we are looking for communities that are involved and social investors who provide us with a loan with a fair interest rate.


The judge places De Miguel at the head of a network of public contracts

The judge places De Miguel at the head of a network of public contracts


Vitoria (Vasco Press) .- The head of the Court of Instruction number 4 of Vitoria , Roberto Ramos, has maintained the indictment of 26 of the 28 people initially accused by the ‘Miguel case’ . The magistrate underlines the possible existence of “organized plot” around Alfredo De Miguel to obtain “irregularly” government contracts governed by the PNV and charges them with up to eleven crimes, such as prevarication, bribery, influence peddling or money laundering.

“evidently accredited” the possible existence of “an organized plot” around the figure of Alfredo de Miguel, who was deputy lecturer of Local Administration and Territorial Balance of the Diputación de Alava, then governed by the PNV, to “irregularly obtain contracts or public awards from different Administrations or public entities governed by the PNV, either for its own company, Kataia Consulting, or for third parties or companies with which it maintained a relationship or linkage in one way or another. ” In addition, it is specified that, on occasion, it was charged “for work that was never actually done”.

According to the court ruling, this plot would also be directed to request and obtain, in some cases, the payment of commissions from legal or commercial persons that obtained contracts awards from various public entities, as well as the payment of monetary amounts based on contracts simulated that supposedly masked the payment of commissions paid by companies.

The order reveals that companies were created and used for these purposes and that, in most cases, they lacked economic activity, as well as experience, knowledge and infrastructure to carry out the alleged tasks entrusted to them, “Therefore, they are allegedly used as screen companies, either to channel the collection of supposed fees or to receive amounts illegally or unlawfully received for work that, on various occasions, was not materially carried out.”

Many of the 26 accused, whom the judge accused of a total of eleven different crimes, were directly related to the PNV at the time when the ‘Miguel case’ came to light in March 2010. This is the case of De Miguel himself, former deputy of the Alava administration of Local Administration and Territorial Balance and former member of the Alava Executive (ABB) of the Basque Nationalist Party, Aitor Tellería and Luis Felipe Ochandiano, who were also members of the ABB, the former vice-chancellor of the Ibarretxe Executive Gurutz Larrañaga, the director of Youth of that same Basque Government, Francisco Javier Sánchez Robles, the former mayor of Zambrana María Justina Angulo, or the former jeltzale of Leioa Iñaki San Juan.

Judge Ramos also maintains the charges against Ainhoa ​​Bilbao, Araceli Bajo, Iratxe Gaztelu-Urrutia, Jon Iñaki Etxaburu, Alfonso Carlos Arriola, Julian Andres Sanchez, Miren Lourdes Bilbao, Sergio Fernandez Oleaga, Miguel Aintzane, Jesus Jose Arruti, Jesus Arruti, Estibaliz Arruti, Gorka Errasti, Prudencio Hierro, Josu Montes, Joaquín Sabater, Ramón Tomás Riba, Plácido Casas, and Francesc Fernández.

In the car, released today, the judge maintains that it has been

However, it decides the partial and provisional dismissal of the proceeding against Pablo Jesús Larrabide, considering that “it is not due or sufficiently accredited” that he had intervention in the allegedly criminal facts of the case. Likewise, it agrees to the free and partial dismissal of others of the initially accused, Asier Arzalluz, since he considers that the facts alleged against him, fraud in public procurement, “are not constituting an offense or are criminally atypical.”

As for the alleged crimes attributed to the 26 accused, amount to a total of eleven. It is, specifically, of prevarication, omission of the duty to prosecute crimes, bribery, influence peddling, money laundering, embezzlement of public funds, fraud to public administrations or in public procurement, negotiations and activities prohibited to public officials, falsehood in public and commercial document, crimes against the Public Treasury, and alteration of prices in contests and auctions.

The fact is that the issue of toxic mushrooms is no nonsense

The autumn  or the curious season in which we are currently immersed this 2014

( the veroño ?) Is the ideal time, not exclusive, to enjoy the mushrooms . The fact is that it is precisely at this time when in principle there are a series of optimal conditions for the proliferation of this product with a wide variety of varieties. Thus, mild temperatures not yet especially cold (this year even summery), a growing humidity due to the higher incidence of rainfall (this year little) and a mantle of decaying organic matter from the fallen leaves of the trees propitiates said the multiplication of this kind of curious organisms … that in these conditions grow as what they are, mushrooms.

The truth is that I’m not a special expert in mycology , but read, I’m from Navarre and to a certain extent I carry it in my blood (so that you can get an idea in Navarre, we address affectionate qualifiers towards those from other territories who come to pick mushrooms at our forests, we call them substrates , in reciprocal kindness, for example the people of San Sebastian address us as meaplayas … first of all good neighborhood roll). Well, the fact is that I do not know too much about mushrooms, I know two or three that do not generate any kind of doubts and I like to go out as a family, or alone, in their search and capture when the season arrives. The exits themselves may end well or may end “only” well. I say “only” because the walk through the forest-countryside does not take away from anyone and that today, with that wonderful rhythm of life that characterizes us, the lack of time and stress is already in itself a whole luxury … if you also find edible mushrooms, well, great.

My daughter Adriana who now has 10 years is in school learning the “journalistic style” you know, that of headline, entradilla and development of the news. Here you have his latest work in this sense that illustrates what sometimes happens with the theme of mushrooms.

Caution with mushrooms when they are collected in the field

The fact is that the issue of toxic mushrooms is no nonsense . Every year we witness cases of intoxication at this time due to the ingestion of toxic specimens that sometimes end dramatically with the death of the precipitate or mistaken guest. It is necessary to be prudent and aware of what is being done when going for mushrooms to the mountain and therefore of the risks that are assumed when not done with prudence. For example, in the output reflected in the “news” above we saw mushrooms in cascoporro, but … we did not know if they were edible or not, and that is why they all stayed there . I only took one, of a specific type, so that later in the town someone of confidence would tell me if what I had left on the mountain was edible or not … and they said yes, but that it had little culinary value.

Particularities of mushrooms as a living being

Particularities of mushrooms as a living being

Mushrooms in general have many unique and exclusive characteristics. From the outset they are all framed in the Fungi Kingdom, that is, they are multicellular beings themselves, but neither animals nor vegetables . Being sessile (that is, they are organisms that live fixed to the substrate) a good part of the population includes them within the Kingdom Plantae (vegetable), but it is not like that. They have many biological differences with vegetables but the main one without a doubt is that, having a cell wall like vegetables, it is composed of chitin, instead of cellulose . This is one of the reasons why mushrooms, although they are edible varieties, tend to be unfriendly to digests . Chitin is a carbohydrate that, in addition to fungi, is part of the exoskeleton of insects. As our digestive enzymes are quite inefficient to degrade that chitin (we have little chitinase although its amount seems to be related to the individual’s eating habits and the presence of chitin in the diet) mushrooms are not exactly the food of choice for people with delicate digestions .

Another appreciable difference with plants is the absence of chloroplasts and therefore of chlorophyll at any time of their life cycle … this is better understood knowing that mushrooms, like fungi that are, are heterotrophic organisms , that is, they get so much energy as the materials that require organic compounds from other organisms (unlike plants that are autotrophic organisms since from inorganic substances and solar radiation are able to synthesize their own materials and obtain energy).

Another of its most outstanding characteristics is its life cycle. Mushrooms are reproduced by spores, sexual or not, and the biological cycles of their almost infinite species are full of particularities and amazing creative fantasies within the world of biology (I believe they were done this way to torment the students of this race, attest).

Mushrooms, nutrition and table

Mushrooms, nutrition and table

Beyond the issues of food safety in terms of inedible mushrooms, the world of mushrooms is wonderful. Starting with the gastronomic issues. Depending on the variety the mushrooms lend themselves to practically all the culinary possibilities : griddle, roasted, scrambled, stewed, with rice, pasta, batter … many of them can be dried for later use and of course some of them accept a consumption in raw, without more, if perhaps with some seasoning, type oil and salt. Its peculiar flavor often appreciates the presence of foods that “absorb” those characteristic aromas, I mean as I mentioned rice, pasta, and so on.

In terms of nutritional value highlights its very low energy intake , usually less than 20 kcal / 100g, which will have to take into account its form of preparation . So few calories are due to two basic characteristics : they have a very high relative amount of water a very low proportion of any of the three macronutrients (carbohydrates, proteins and fats). In terms of fiber and micronutrients, we say that they usually contain a quantity of fiber to be taken into account (which happens that the standard consumption ration is usually small); on vitamins that provide a discrete amount of those of group B and provitamin D … on minerals, depending on species, mushrooms can be an appreciable source of potassium, phosphorus, iodine … In summary, the nutritional “value” of mushrooms as food is rather scarce, both when it comes to energy, what in our environment could be an element to highlight, as in nutrients, has little of everything and what has more there are often deficiencies in our environment.

In short, it is a doubly interesting product, firstly because of the added value of going to look for each one and, in addition, in the kitchen, they provide a series of characteristics and possibilities that are absolutely genuine … and extremely pleasant for those of us like this product

Faults of freedom and excesses of freedom

Faults of freedom and excesses of freedom

The benefits are immense: thanks to the work of others we have all kinds of food, houses, streets, roads, cars, schools, trains, telephones, TV, clothes, furniture, Internet, medicines, hospitals, etc.

The limitations are also abundant. Many of them have their origin in the family or in the workplace: for example, I can not watch the TV show that I like because my wife wants to see another one; I can not go with the family to the place of excursion that I would like if the others insist on going to a different one; My bosses are the ones who impose the time of entry and exit of the office and tell me what work I have to do, etc.

Other times it is the Authority that limits freedom: through green and red lights it tells us when we can cross the street, they let us build a house only when we have fulfilled a very long list of conditions, they demand us to pay a certain amount of taxes (taking away the freedom to use part of our money), etc.

In general we accept some and other limitations as part of life, convinced that in principle they are for the good of all.

But one must consider whether all the limitations imposed by the Authority are fair and reasonable. Sometimes authority excessively limits freedom. And sometimes it grants excessive freedom.

In the United States, which claims to be the country of freedom and competition

In the United States, which claims to be the country of freedom and competition

surprisingly not enough freedom is given to parents to choose the school of their children. There is in fact a monopoly in secondary education, which is in the hands of public schools. Private schools are allowed by law, but do not have any state financial aid, so that parents who want a private school for their children have to pay all expenses, in addition to contributing their taxes to the support of public schools. This system notably reduces their freedom to choose a school.

In Australia, on the other hand, the Government helps considerably the private schools, according to a scale designed to give more help to the most needy schools and less help to the richer schools. As a result, the costs that parents have to pay in private schools are more affordable. This translates into greater freedom for parents when choosing their children’s school.

In Spain, for ideological reasons, not for pedagogical reasons, the freedom of parents who prefer a school for single-sex students is reduced: if they want to take their children to a public school, they are forced to go to a mixed school.

It also wants to limit in Spain excessively paternal freedom by forcing all students to take the subject called “Citizen Education”, a euphemism to hide that what is involved is to indoctrinate youth with the ideas of the ruling political party . Parents, as first educators of their children, must be given the freedom to decide whether their children will attend these classes or not. And we must give more freedom also so that students can be offered texts of the subject of Civic Education, different from those offered by the party in power.

In other areas, the Authority grants too much freedom. Anyone in the United States could buy weapons. After horrendous killings of innocents by the mentally ill, some limits and controls are being put in place for their sale. In Australia, the indiscriminate freedom to buy arms was reduced after the tragic massacre of several people in Tasmania a few years ago.

In the United States, there was recently too much freedom to give mortgage loans to people who did not have sufficient solvency. Property agents and unscrupulous lenders made their August by encouraging the massive granting of these loans. This created a huge debt difficult to pay, which was distributed among many investors. When the economic circumstances deteriorated and a multitude of borrowers could not pay the debts there was a generalized crisis (“the subprime mortgage crisis”) that is affecting all the countries of the first world. The Congress of the United States is limiting freedom in this area, as it was limited years ago so that monopolies and cartels were not produced, from which countless abuses against the helpless consumer were produced.

There is also too much freedom in many countries for the destruction of families.

There is also too much freedom in many countries for the destruction of families.

The traditional family, that is, a man and a woman united for life by love and dedicated to the education of children, is a great good for those who compose it and for society. Divorces, followed by second and third marriages, cause deep and lasting wounds in the soul of the spouses and in the children’s, and also significant medical, legal and social security expenses.

It has been many years since civil legislation authorized divorce. And during all this time the perception of what marriage is has changed in the town. Before the divorce legislation, 99% of the population understood and accepted that marriage was a union for life. And although some marriages failed, the vast majority came to fruition. Families lived on and almost every child had a father and mother who loved each other and loved them.

Now, unfortunately, marriage is, for most, a fragile union, which can be broken very easily. And, as disagreements always arise, more and more marriages break up and the consequences of so many ruptures constitute a social plague. An article recently published by the Rockford Institute predicted that between 40% and 50% of marriages contracted in the United States last year would end in divorce.

The State has to ensure the good of society. And since, after many years of experimentation, it is clear the great damages that divorce and subsequent nuptials cause to the social body, it is necessary to study if it is necessary to restrict the excessive current freedom to break the family.

As Benedict XVI said recently, “governments must do everything possible to reinforce social policies that promote the stability and unity of marriage and the inalienable rights and duties of educating children.”

Another terrain in which excessive freedom is given in many countries is that of abortion. The death of a living human being, although not yet born, in the bosom of the mother, is horrendous for the innocent creature, traumatic for the woman and harmful for the society. It only benefits, economically, the doctors who commit these murders.

Good legislation does everything possible to ensure that all the more pregnancies come to fruition, educating the population, imposing on the troubled women the obligation to seek advice, and limiting the freedom to abort for the good of women and society.

One of the seven sages of Greece, Solon, recorded in the Temple of Delphi: “Nothing too much.” This same motto was defended in Spain by Saavedra Fajardo in the seventeenth century.

Not too much freedom or too little. We must help the rulers to find the just measure of freedom they have to give to citizens.

Obama says that banks are guilty of the economic crisis

inaction will only serve to deepen this crisis “

inaction will only serve to deepen this crisis "

Washington. (EFE). – The president of the United States, Barack Obama , said that the banks are to blame for the economic crisis because they have taken “exorbitant” risks with the purchase of titles of dubious quality.
“What has gotten us into this mess have been the exorbitant risks assumed by the banks in doubtful titles with the money of others,” Obama said at his first press conference as president.
The president of the United States said that the financial rescue plan that his Government will announce tomorrow will correct the “errors” of the intervention in the banking system carried out by his predecessor, George W. Bush , as the “lack of consistency and clarity “of the initiative.
Obama stressed that his Treasury Secretary, Timothy Geithner, will offer “clear and specific plans to increase credit.” Geithner will explain how the administration will use the remaining $ 350 billion from the $ 700 billion financial rescue fund approved by Congress last year. , during the Bush administration.
According to the president, the aid that is extended to the banks will be conditioned to limit the compensation of their top executives “since they do not rent planes when it is not necessary”. He also said that his plan will have an important component aimed at the real estate market , the origin of the crisis.
The program will use between 50,000 and 100,000 million dollars to help homeowners avoid foreclosure , according to White House officials.
It will also establish a system for banks to get rid of bad securities that weigh down their accounts and with it the Government will give incentives to investors to buy them.
As it has leaked to the press, the administration will also expand a program of the Federal Reserve that currently finances the purchase of automobile loans, student loans and credit cards to provide liquidity to markets directly, without going through private banks.
As far as the new rescue plan is known, the US central bank would also enter the mortgage market.
Federal Government, the only entity that can resuscitate the US economy
The president also said that “the federal government is the only entity left with the resources necessary to resuscitate our economy.”
“Doing nothing, or too little, will cause greater deficits in jobs, income and confidence and” that is a deficit that can turn a crisis into a catastrophe , “the US president warned in a statement, before submitting to the questions of journalists.
Obama reiterated the arguments he has been using in his campaign to defend the plan, endowed in its latest version with 827,000 million dollars and which he assures will serve to create or save between three and four million jobs.
“This plan is not perfect, no plan is, and I can not assure you that all the content of the plan will work exactly as we expect, but I can tell you with total confidence that inaction will only serve to deepen this crisis and the problems suffered by millions of people. Americans, “he argued.
The Republican opposition in Congress has harshly criticized the plan, demanding more tax cuts and less investment spending , which it believes will not contribute to creating enough jobs.
The measure, which was approved in the House of Representatives two weeks ago, managed to save an important obstacle by passing in the Senate a preliminary vote by 61 votes to 36, just one more than necessary. The Upper House will finally vote on the bill this Tuesday.
International relations
Obama, who during his election campaign said he was willing to dialogue with enemy countries, was surprisingly optimistic about the relationship with Iran , the country that was the “black beast” of his predecessor, George W. Bush.
The US president expressed his belief that it is possible to maintain a “relationship of mutual respect and progress” with Iran and said that, in the process of reviewing the policy towards the Islamic Republic , “openings” will be sought in the coming months. for an attempt at dialogue.
“In the coming months we will look for openings that can be created where we can start sitting at a table, face to face, diplomatic openings that will allow us to move our policy in a new direction,” he said.
He said that “we will set a series of objectives in these talks,” among them, make it clear to Iran that its nuclear aspirations can create an atomic weapons race in the region, or that its financing of radical groups such as Hezbollah or Hamas is unacceptable.
The US president was also positive about greater collaboration with Russia in the field of non-proliferation, and indicated that he has spoken with President Dmitri Medvedev “about the importance of reestablishing talks on the reduction of our nuclear arsenals” .
In this way, he assured, “we can go together to deal with other countries and begin to strengthen the anti-proliferation treaties that, frankly, have been weakened in recent years.”
In Pakistan , Obama acknowledged that the border area with Afghanistan known as FATA (Tribal Areas under Federal Administration) has become a refuge for terrorist groups, but indicated that his envoy for the area, Richard Holbrooke, will tell Islamabad that this is intolerable for the US and for Pakistan.
In any case, he insisted, he will not tolerate the al Qaeda terrorist network or its leader, Osama Bin Laden, finding refuge in the area.
He admitted that the situation in Afghanistan, where he promised to reinforce US troops during his campaign, is complicated and he said he will have to develop an “intelligent and effective” strategy there.
He also did not rule out the possibility of investigating “clear cases” of torture perpetrated against terrorist suspects during the previous administration, although he said he prefers to “look ahead.”

Nombela attacks Jordán because his use of cards made it difficult to pay payrolls


Image result for pozuelo group francisco correaMADRID, 25 (EUROPA PRESS)

Javier Nombela, one of those responsible for billing in the four companies of the Pozuelo Group, whose owner was Francisco Correa, has lashed out this Friday before the court in charge of judging the first time of the plot Gürtel (1999-2005) against the administrator of some of these companies, Isabel Jordán, when affirming that she had two credit cards charged to them without the businessman and his ‘number two’, Pablo Crespo, knowing of their existence. In addition, it has affirmed that by their expenses they were on the verge of not being able to pay the payrolls of the workers.

This was said during the session this Friday, in which he continues to answer the questions of the prosecutor Concepción Nicolás, where he wanted to take advantage of to explain how Jordán met the red folder called ‘Special Invoices’ that contained the billing of unrealized work.

The administrator insinuated during her declaration that the Gürtel plot elaborated false invoices in order to record “less benefits” for tax purposes and that she found out about it when Nombela showed it to her, in September 2007.

Nombela has reported that in 2006 the businessman met with him to ask him for explanations of why Jordan could afford the “life train he was carrying”. According to what he said, Correa called him “capricious” and blamed him for Jordan having high-end cars like a Range Rover.

Jordán explained to the judge that in 2006 he changed his car, from the Peugeot brand, to another more “representative” because his superiors told him to change it “immediately” because “it was official.”


The employee told them that he did not know how it was possible that he had that standard of living, but he told them that it could be because of the two credit cards of the company, something that, apparently, surprised Crespo and Correa by not knowing of said plastics.

The person in charge of the billing and financial management of Correa, has emphasized that he was surprised that the partners did not know about these cards, since Jordán had been using them for two previous years. “There have been times when we have had difficulties in paying payroll” due to the expenses of the administrator, as she said.

For his part, the alleged ‘ringleader’ of the network said during his statement that he lost confidence in the former direction of Easy Concept after discovering that he spent with company cards about 400,000 euros in just three months, buying luxury boutiques like Loewe, Chanel and Louis Vuitton. However, Jordán stated that the personal expenses he charged were due to a supplement to his payroll and that Crespo was aware of these expenses.

Nombela has continued his story telling that the next day when he arrived at the office he found an email that said: “Accidents happen more common than you can imagine, be careful who you involve”, something he reported in the Pozuelo police station. Alarcón (Madrid).

The one who was hired to help Jordan in the organization of events – as the accused said the defendant during the day of this Thursday – has said that a few days after all this, the “boss” asked for a copy of the hard disks of the computers of the company, took the folder of ‘Special Invoices’ and “a lot of documentation” and stopped working with Correa.


During this statement, Nombela has stated that Crespo ordered him, starting in 2006, to set aside a series of invoices to pay them later. “But they were accounted the same as the others and declared as the others,” he added.

He pointed out that, although he does not remember what the concepts of these invoices were, he believes that they were relative to events and that he does not know why he was entrusted with this task. In this line, has ensured that Jordán had “perfect knowledge” of this method and that it has been able to verify in one of the conversations recorded by the whistleblower, José Luis Peñas, which has been reproduced during the oral hearing.


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On the other hand, asked about the acts that were contracted with the companies of Correa during the years 2007 and 2008, when the also accused Alberto López Viejo was councilor for Sports of the Community of Madrid, he said that he met during the appearance of Jordán, that she continued to work with the businessman, although her departure had officially taken place.

“It was very surprising but very clear because when Jordán left the company it was a very violent time but then it calmed down, now you understand, he continued working and the other day I found out that he was billing with the Community of Madrid four hundred and a thousand euros”.

In this line, has found that not only the councils that coordinated López Viejo or Carlos Clemente –exviceconsejero of Immigration and Coordination– hired the services of the ‘group Correa’: “They all did,” he added. He also denied that the person in charge of the Community Immigration Department did not charge him “directly” for the events.

Nombela has said that he has no record that any money has been given to Clemente, although in the document in Excel format named as ‘Cuenta Clementina’, which works in the summary of the case, concepts such as “Delivery over” or “Payment Caja B ‘In the same way, it has again insisted that it is not aware of any payment of commissions to López Viejo for the acts ordered, which, according to the indictment of the Prosecutor’s Office, was recorded in the cost sheets with the “several” concept.

Thus, Jordan has been accused that if there was an increase in any of the bills was due to whether the administrator seemed “a lot or little.” This is what she said when the prosecutor asked her about an increase of 300 euros in one of the invoices: “In the cost column the real costs were set, it did not have to be the final price, but Jordan then billed the price that she I believed, “he added.

Diputación plans to put "in charge" this month the new call for its advances for municipalities

 FEAR will have an available amount of 70 million.

The president of the Diputación, Fernando Rodríguez Villalobos, has informed this Friday at a press conference about the details of the 2017 edition of the Reimbursable Advances Fund of the provincial institution. It is an economic fund intended to offer interest-free advances to the town councils, with a refund to the taxes collected on their behalf by the Provincial Agency for Economic and Fiscal Advice (Oapef).

This instrument, created in 2007, closed its 2016 edition with advances of 52.64 million euros granted to 63 municipalities, after making a total of 70 million euros available to them. The new edition of the FEAR, as stated by the president of the Provincial Council, will also have 70 million euros available to the municipalities.

To this end, the provincial institution plans to hold an extraordinary plenary session this month, in order to approve the bases of this new edition of the FEAR and publish the call, so that the city councils that need the aforementioned advances can submit their applications.



This year, the bases will contemplate six lines of refundable advances, for the payment of “mandated” loans arranged for the remediation of the treasury surplus or compliance with final judgments; to cover long-term loans arranged to finance investments; for the refinancing of long-term credit operations arranged in advance; for the early cancellation of fractional debts with the State Security or the Tax Agency; to meet temporary treasury needs and, finally, for the conversion of short-term debt into long-term credit operations.

Villalobos has stated that in addition to “new features” such as the sixth and new line of advances, another of the “innovations” of the new edition of the FEAR is that in addition to being available to local councils and autonomous local entities (ELA), it opens its fan to the mancomunidades and consortiums that have an agreement signed with the Opaef. “We have expanded the object and scope of this instrument,” he said, noting that these reimbursable advances are a tool for “savings” for municipalities, which have the liquidity offered by the council are not forced to arrange loans with their corresponding interests.

In this regard, it has abounded that after this instrument was born back in 2007, the County Council has made available to municipalities more than 208 million euros in advance payments, motivating a “financial savings” in the set of Seville consistories, above 26.45 million euros.

“The FEAR is an essential tool and has been decisive for the economic improvement of the town halls”, Villalobos has defended, noting especially the role of this fund in the hardest years of the crisis, in which not a few consistories suffered real situations of economic “suffocation”

Thus, the president of the County Council has said that with the upcoming approval of the bases of the new call, the provincial institution will again “in charge” these refundable advances for the set of municipalities in Seville.