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    Daily Digest 9/24 – Why College Costs More Than You Think, Student Homelessness At Record High

    by saxplayer00o1

    Wednesday, September 24, 2014, 2:17 PM

Economy

The Reason College Costs More Than You Think

The average added cost of just one extra year at a four-year public university is $63,718 in tuition, fees, books, and living expenses, plus lost wages each of those many students could have been earning had they finished on time, according to the advocacy group Complete College America.

Push joblessness down, N.Y. Fed President William Dudley says

“We really need the economy to run a little hot for at least some period of time” to push inflation back up to the 2 percent objective.

Dudley’s comments highlight an unusual feature of the Fed’s most recent economic forecasts: Several policymakers figure the jobless rate will have to dip below their estimate of full employment to push prices back toward the goal Fed officials missed for more than two years.

Danish Central Bank Cuts 2014 Economic Growth Forecast to 0.8%

Gross domestic product will grow 0.8 percent in 2014 and 1.7 percent next year, Copenhagen-based Danmarks Nationalbank said in a statement today. That compares with a June forecast of 1.5 percent growth this year and 1.8 percent in 2015.

French economy flat-lines as business activity falters

French business activity slowed again in September amid weakness in the key service sector, two surveys showed on Tuesday, as the euro zone’s second-biggest economy posted zero growth for the second quarter in a row.

Eurozone Economy Struggles for Growth Momentum

Earlier this year, optimism about the eurozone was boosted by strong showings in indicators such as Markit’s purchasing managers indexes and the European Commission’s economic sentiment survey. But growth failed to match up to that, slowing from 0.2% in the first quarter to zero in the second quarter.

Brazil cuts 2014 GDP growth forecast, keeps fiscal goal

Brazil cut its economic growth forecast to 0.9 percent in 2014 but maintained its key annual fiscal goal for the year, according to a government report published on Monday.

Student homelessness hits another record high

Approximately 1.3 million students enrolled in U.S. public preschools, elementary schools, middle schools and high schools schools were homeless during the 2012-13 school year.

That’s up 8% from the prior year, and the highest number on record, according to the National Center for Homeless Education, funded by the Department of Education.


German conservatives cast doubt on French reform pledges

Earlier this month, French Finance Minister Michel Sapin said the eurozone’s second-largest economy would not fulfill this important condition of the EU’s stability pact until 2017. In 2015, France’s deficit is predicted to reach 4.3%.
Impatience is growing over France’s failure to meet its deficit reduction commitments and several EU member states are now pressing the Commission to launch a procedure against France, that could result in a €3 billion fine against Paris.

Renzi’s revolution running late as Italians seek action

The country’s debt, the second-highest in the 18-nation euro area at the end of 2013, has climbed to 2.2 trillion euros, with the International Monetary Fund predicting it will peak at 136 percent of gross domestic product this year.

By the numbers: 1.4 million cases of Ebola forecast by January

The Ebola outbreak could skyrocket to between 550,000 cases and 1.4 million cases by 2015 if there is no large-scale intervention, according to data from the Centers for Disease Control and Prevention on Tuesday. An outbreak in the U.S. is unlikely, but CDC warns the epidemic in West Africa could drag on for years if a response isn’t immediate.

Gold & Silver

Click to read the PM Daily Market Commentary: 9/23/14

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