Thursday, April 11, 2013

By the numbers: How America tallies its 11.1 million undocumented immigrants

Mario Tama/Getty Images

Undocumented immigrant Oscar Rodriguez, right, originally from Mexico, watches with Yenny Quispe, center, who is from Peru and recently received her Green Card, during a watch party for President Barack Obama's speech on immigration on Jan. 29, 2013 in New York City.

By Carrie Dann, Political Reporter, NBC News

The debate over how to deal with the approximately 11 million individuals living in the United States without authorization - including the argument over whether to call them ?illegal? or ?undocumented? - is perhaps the most politically tricky aspect of the sprawling immigration policy overhaul effort.

So who are the 11 million? And how do we know how many there are?

It?s difficult to count people who by definition are unlikely to disclose their actual immigration status to the government, so demographers use what?s called the ?residual method? to determine about how many undocumented individuals are in the country.

Starting with Census Bureau data, the Pew Hispanic Center examines the total number of foreign-born individuals in the United States and subtracts those whose records or characteristics indicate they are here legally as naturalized citizens, Green Card holders, residents on temporary visas, or refugees.

?For those who say they are not a U.S. citizen and that they are foreign-born, we can, by looking at other characteristics -- like how long they have lived in the country and what job they hold -- determine whether the person is in the country legally or not,? says Mark Lopez, the associate director at the Pew Hispanic Center.??

The ?residual? means those who are left over.

Census data tends to?under-represent?certain groups, so Pew and others also try to fill in the gaps by adjusting for Census?under-counts. Demographers also factor in departure data like the number of deportations and apprehensions at the border.

Based on those demographic calculations, Pew estimated in 2011 that there are 11.1 million undocumented immigrants currently in the United States.

That number is statistically unchanged from estimates in 2010 and 2009, but has dropped significantly since 2007, when it spiked at 12 million.

Also in 2011, the Department of Homeland Security?s Office of Immigration Statistics?placed the number at 11.5 million, slightly higher than the Pew study.?

Another study by former U.S. Immigration and Naturalization Service demographer Robert Warren and University of Minnesota professor John Robert Warren pegged the total at around 11.7 million in January 2010. But all three data sets found a significant reduction in the population over the past decade.

The Warren study concluded that, between 1990 and 2009, an estimated 7.5 million unauthorized immigrants left that population, either because they gained legal status, were removed by DHS, left voluntarily, or died.

Analysts attribute much of the decline since 2007 to the recession, particularly the burst of the U.S. housing bubble.??

Sen. Bob Menendez, D-N.J., a member of the Gang of Eight immigration reform group, joins The Daily Rundown to talk about immigration reform talks, the budget battle taking place on The Hill, North Korea and touches on the investigation regarding Dr. Salomon Melgen.

?The Great Recession had a big impact, particularly on unauthorized immigrant workers, many of whom were in construction,? Lopez notes. ?So, many of them may have returned home.?

Advocates for undocumented immigrants emphasize that, while the stereotype of the ?illegal Mexican construction worker? has some basis in reality, that?s hardly the whole picture of the population.

According to DHS, while younger undocumented immigrants are more likely to be male, women make up 47 percent of the total undocumented population and a majority of those older than 45.

And, while about 1.6 million undocumented immigrants have arrived in the United States since 2005, a majority of them -- 56 percent -- first came to the country before 2000.

(While it is difficult to calculate how many of those undocumented immigrants entered the country via illegal border crossing versus how many came on a visa that expired, Pew estimated in 2006 that about 45 percent of new undocumented immigrants were in the latter category.)

Larry Downing / Reuters

Latinos protest in favor of comprehensive immigration reform on the West side of Capitol Hill in Washington, April 10, 2013.

Pew hasn?t done a deep data dive on the 2011 data, but its in-depth analysis of 2010 numbers showed that Mexicans made up 58 percent of the undocumented population. Individuals from other Latin American nations account for another 23 percent, and Asians for 11 percent.

Those numbers are similar to the findings from DHS, which found that individuals born in Mexico, Guatemala and El Salvador made up a combined 70 percent of the undocumented population in 2011.

While each data set uses slightly different methodology and yields slightly different estimates, analysts say the most important data point for public policy isn?t the overall number of undocumented immigrants, but the trends that show a decrease in the population overall.

"There may be some fluctuation in the numbers but what?s most important are the trends,? says Jeanne Batalova, a demographer at the Migration Policy Institute. ?The number definitely is not growing as fast as it used to be.?

Source: http://feeds.nbcnews.com/c/35002/f/653381/s/2a96faf1/l/0Lnbcpolitics0Bnbcnews0N0C0Inews0C20A130C0A40C110C176915150Eby0Ethe0Enumbers0Ehow0Eamerica0Etallies0Eits0E1110Emillion0Eundocumented0Eimmigrants0Dlite/story01.htm

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Thatcher funeral drama: You're not invited

By Andrew Osborn

LONDON (Reuters) - Britain will not invite Argentine President Cristina Fernandez to Margaret Thatcher's funeral next week in a snub likely to deepen a long-running diplomatic dispute over the Falkland Islands.

Thatcher, 87, who died on Monday, led Britain at the time of the 1982 Falklands war ordering her armed forces to repel an Argentine invasion of the contested South Atlantic archipelago which Argentina calls Las Malvinas.

Just over 30 years later, memories of the conflict remain raw and Fernandez has mounted a campaign to renegotiate the islands' sovereignty, lobbying Pope Francis on the issue and rejecting a referendum last month in which Falkland residents voted to remain a British Overseas Territory.

A government source told Reuters that every country with whom Britain enjoys "normal" diplomatic relations was being invited to Wednesday's funeral, but Thatcher's family had objected to Fernandez attending.

"It's about adhering to her family's wishes," the source said. A government spokesman said Argentina's ambassador to Britain would be invited, and that was in keeping with protocol.

The Daily Telegraph newspaper, without citing its sources, reported that Thatcher's children Mark and Carol said they felt it would be "inappropriate" for anyone from Argentina to be there after government officials floated the idea.

Argentine Foreign Minister Hector Timerman brushed off the apparent snub.

"It does not matter to me to be invited to a place where I don't want to go," he told a local radio station. "It is another provocation. The woman died, let the family mourn her in peace".

Prime Minister David Cameron's office made it clear on Thursday that invitations will be sent far and wide.

"Around 200 states, territories and international organisations are being invited to send an official representative to the funeral service," a spokesman said.

"We have invited those countries and institutions with whom we have normal diplomatic relations."

FALKLANDS THEME

Members of parliament from Thatcher's ruling Conservative party have hailed Britain's victory in the Falklands war as one of her greatest achievements and her funeral is expected to follow a Falklands theme.

More than 700 armed forces personnel will take part in the ceremony and the 10 coffin bearers will be drawn from regiments and units that played a pivotal role in the conflict.

The war boosted Thatcher's flagging political fortunes at the time and cemented her image as a patriotic defender of what was left of Britain's Empire, helping her win a landslide victory at a general election in 1983.

In a ceremonial funeral with military honours and attended by the Queen, Thatcher's coffin will be drawn on a gun carriage by six horses through London to a service at St Paul's Cathedral, a format that has drawn criticism from some politicians and commentators for its pomp and public expense.

Invitations to more than 2,000 guests will be sent out on Friday. Mikhail Gorbachev, 82, the last leader of the Soviet leader, will not be able to attend because of ill health, his spokesman said on Thursday.

Nancy Reagan, 91, the widow of Thatcher's great political U.S. ally Ronald Reagan, will also not be able to make the trip.

Cameron's office said those who have already said they will attend include former British Prime Minister Tony Blair, FW de Klerk, the last President of apartheid South Africa, and Canadian Prime Minister Stephen Harper.

It said invitations would be extended to all surviving British prime ministers and surviving former U.S. presidents, former U.S. secretary of state Hillary Clinton, European Commission President Jose Manuel Barroso and a representative of South Africa's Nelson Mandela, who is 94 and in poor health.

(Additional reporting by Steve Gutterman in Moscow and Alejandro Lifschitz in Buenos Aires; Editing by Guy Faulconbridge and Sonya Hepinstall)

Source: http://news.yahoo.com/britain-snubs-argentina-over-margaret-thatcher-funeral-092537571.html

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Microsoft escalates advertising assault on Google

This frame grab made available by Microsoft shows a scene from the latest in a series of scathing Microsoft ads against Google. The ads that say as much about the dramatic shift in the technology industry?s competitive landscape as they do about the animosity between Microsoft and Google. (AP Photo/Microsoft)

This frame grab made available by Microsoft shows a scene from the latest in a series of scathing Microsoft ads against Google. The ads that say as much about the dramatic shift in the technology industry?s competitive landscape as they do about the animosity between Microsoft and Google. (AP Photo/Microsoft)

(AP) ? Microsoft is skewering Google again with scathing ads that say as much about the dramatic shift in the technology industry's competitive landscape as they do about the animosity between the two rivals.

The missive that began Tuesday marks the third phase in a 5-month-old marketing campaign that Microsoft Corp. derisively calls "Scroogled." The ads, which have appeared online, on television and in print, depict Google as a duplicitous company more interested in increasing profits and power than protecting people's privacy and providing unbiased search results.

This time, Microsoft is vilifying Google Inc. for sharing some of the personal information that it gathers about people who buy applications designed to run on smartphones and tablet computers powered by Google's Android software. Earlier ads have skewered Google's long-running practice of electronically scanning the contents of people's Gmail accounts to help sell ads and attacked a recently introduced policy that requires retailers to pay to appear in the shopping section of Google's dominant search engine.

"We think we have a better alternative that doesn't do these kinds of nefarious things," said Greg Sullivan, Microsoft's senior manager for Windows Phone, the business taking aim at Google's distribution of personal information about buyers of Android apps.

Microsoft's advertising barbs could potentially backfire. Even as they help draw attention to Google practices that may prod some consumers to try different services, they also serve as a reminder of Microsoft's mostly futile ? and costly ? attempts to trump its rival with more compelling technology.

"It's always the underdog that does negative advertising like this, and there is no doubt that Microsoft is now the underdog," said Jonathan Weber, who has been following Microsoft's "Scroogled" campaign at search consulting firm LunaMetrics.

On the flip side, Google has evolved from an endearing Internet startup to an imposing giant running Web and mobile services that vacuum intimate details about people's lives. Despite repeated management assurances about respecting personal privacy, Google has experienced several lapses that have resulted in regulatory fines, settlements and scorn around the world.

Beyond privacy, Google has been the subject of complaints that its practices are anti-competitive. On Tuesday, a group of companies led by Microsoft said it has asked European authorities to investigate whether Google is acting unfairly by giving away its Android operating system to mobile device manufacturers on the condition that Google's own apps, such as YouTube and Google Maps, are installed and prominently displayed.

Microsoft's latest ads revolve around concerns already raised by privacy watchdogs. Critics argue that Google hasn't adequately disclosed that customers' names, email addresses and neighborhood locations are routinely sent to the makers of apps sold in Google's online Play store.

At least one group, Consumer Watchdog, has complained to the Federal Trade Commission that Google's apps practices represent an "egregious privacy violation." Citing agency policy, FTC spokesman Jay Mayfield declined to comment on whether the complaint has triggered a formal investigation.

Google says it shares a limited amount of personal information about customers to ensure they get better service and faster responses if any problems arise. The company says the practice is allowed under its terms of service ? a document that most people rarely read in its entirety.

Microsoft says it doesn't pass along personal details about customers buying apps for devices running its Windows Phone software. But there aren't as many Windows Phone users or apps for that system as there are for Android.

The notion of Microsoft being well behind Google once seemed inconceivable.

A decade ago, Microsoft was the world's most powerful technology company, with its Windows operating system and Office productivity software pervasive on personal computers. Microsoft's dominance had grown so extensive that U.S. and European antitrust regulators spent years trying to rein in the Redmond, Wash., software company.

Although Google was growing rapidly at the time, Microsoft CEO Steve Ballmer and other skeptics dismissed the company as a "one-trick pony" that hadn't proven adept at doing anything besides searching the Web and selling ads next to the results.

Google, which is based in Mountain View, Calif., has since morphed into a multi-faceted juggernaut relentlessly trying to muscle into new markets. The company now runs the world's most watched online video service in YouTube, the largest email service in Gmail and the most widely used operating system for mobile devices in Android. All of those services provide more opportunities to show the ads that generate the bulk of Google's revenue. Google is now the company facing the scrutiny of regulators ? and Microsoft has been active in making those complaints, including the one announced Tuesday.

"Google is certainly the biggest challenge that Microsoft has ever had to deal with," said Michael Cusumano, a professor at the Massachusetts Institute of Technology's Sloan School of Management and author of several books about Microsoft.

Microsoft has tried to thwart Google by investing heavily in online services, to little avail. Since Google went public in August 2004, Microsoft's online division has accumulated more than $17.5 billion in operating losses. The losses include an accounting charge of more than $6 billion for Microsoft's acquisition of aQuantive, an online advertising service that didn't pan out.

Google, meanwhile, has been steadily increasing profits and share of the Internet search market. Google processes about two out of every three search requests in the U.S. and handles an even larger percentage of queries in many parts of Europe.

Although Microsoft has remained profitable companywide, the Windows franchise that provides its financial backbone has been weakening as a growing preference for smartphones and tablet computers undercuts sales of desktop and laptop computers. Besides doing damage with Android, Google is also trying to dent Microsoft by selling a less expensive, Internet-based alternative to Microsoft's Office suite. Google also is pushing a laptop operating system built on its popular Chrome Web browser in an attempt to divert even more sales away from Windows machines.

Microsoft has countered with a dramatic overhaul of the Windows operating system, one designed to bring tablet features such as touch screens to desktops and laptops. But Windows 8 has gotten off to a tepid start since its October release.

The changing fortunes of Microsoft and Google have been reflected in the stock market's appraisal of the two companies.

Google's market value has soared from nearly $25 billion at the time of its initial public offering to $255 billion. Microsoft's market value has fallen by about 20 percent during the same period, declining from nearly $300 billion at the time of Google's IPO to $239 billion today. Apple Inc., a rival of both Google and Microsoft, is the only technology company worth more than Google, with a market value hovering around $400 billion.

In morning trading Tuesday, after the latest campaign kicked off, Microsoft's stock gained 36 cents, or 1.3 percent, to $28.95, while Google's increased $6.85, or nearly 1 percent, to $781.70.

Microsoft developed its anti-Google ad campaigns shortly after hiring former political operative Mark Penn in August as a corporate strategist who reports directly to Ballmer. Penn is best known as a former pollster for President Bill Clinton and a campaign strategist for Hillary Clinton's unsuccessful bid for president in 2008. Penn left his job as CEO of public relations firm Burson-Marsteller to help Microsoft generate more usage of its Bing search engine and other online services.

Microsoft isn't saying how much it is spending on these ad campaigns beyond saying the amount will run in the "multimillions" of dollars.

Although there isn't any evidence that the ads have hurt Google yet, Sullivan said Microsoft is pleased with the response. The company says about 117,000 people have signed Microsoft's online petition protesting Gmail's ad-driving scanning of content. That's a sliver of the more than 425 million Gmail accounts worldwide. Microsoft says about 4 million people have visited Scroogled.com, the website that serves as the hub of the company's anti-Google screed.

Although the attack ads are something new for Microsoft, denigrating the competition isn't. Most notably, Microsoft tried to undermine Web browser pioneer Netscape Communications beginning in the mid-1990s. Most of that sniping remained behind the scenes until a U.S. Department of Justice investigation into Microsoft's business practices exposed the cut-throat tactics deployed to overcome Netscape's early lead in the Web browser market.

Given that history, Microsoft's marketing assault on Google isn't that surprising, said Cusumano, who has been following the company for 20 years.

"Nothing is below Microsoft," Cusumano said. "They have been playing dirty for a long time. In this instance, they probably sincerely believe this can give them a little marketing edge and help them capitalize on the growing discomfort with the size and influence of Google."

___

Online:

Microsoft campaign: http://www.scroogled.com

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/f70471f764144b2fab526d39972d37b3/Article_2013-04-09-Microsoft-Attacking%20Google/id-e2c130dab204473f936eeb067dda3fb9

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Senate ready to launch gun control debate

Sen. Pat Toomey, R-Pa., right, and Sen. Joe Manchin, D-W.Va., finish a news conference on Capitol Hill in Washington, Wednesday, April 10, 2013, announcing that they have reached a compromise on background checks for gun buyers in the aftermath of the horrific Connecticut school shootings in December 2012. (AP Photo/J. Scott Applewhite)

Sen. Pat Toomey, R-Pa., right, and Sen. Joe Manchin, D-W.Va., finish a news conference on Capitol Hill in Washington, Wednesday, April 10, 2013, announcing that they have reached a compromise on background checks for gun buyers in the aftermath of the horrific Connecticut school shootings in December 2012. (AP Photo/J. Scott Applewhite)

(AP) ? The Senate is ready to launch an emotion-charged debate on new gun restrictions, four months after the carnage at a Connecticut elementary school spurred President Barack Obama and Congress to address firearms violence.

In an opening showdown Thursday, senators were scheduled to vote on an attempt by conservatives to scuttle the Democratic bill before debate even started. There were no real doubts the conservatives would be defeated and lawmakers would turn to the legislation, which would expand background checks to more gun buyers, toughen penalties against illicit firearms sales and offer slightly more money for school security.

The roll call was coming a day after two leading conservatives, Sens. Joe Manchin, D-W.Va., and Patrick Toomey, R-Pa., unveiled a compromise to extend required federal background checks to gun shows and online transactions. Only noncommercial, personal transactions would be exempted.

That deal was expected to give gun control forces an initial burst of momentum as debate begins. But the National Rifle Association, along with many Republicans and some moderate Democrats, opposes fresh gun curbs as going too far, and the road to congressional approval of major restrictions remains rocky.

"Those two leaders stepping up is a very good way to start," said Sen. Mary Landrieu, D-La., who is seeking re-election next year and has stressed her support for both the right to bear arms and reducing gun bloodshed. "How it ends, I don't know."

In December, a gunman killed 20 first-graders and six staffers at Sandy Hook Elementary School in Newtown, Conn. Relatives of some victims were at the Capitol pressing lawmakers to back gun restrictions, and were holding a vigil outside the building where they were reading the names of recent victims of gun violence.

Expanded background checks are the core of the Democratic gun control drive. Other top proposals ? including bans on assault weapons and high-capacity ammunition magazines ? will be offered as amendments during Senate debate but seem destined for defeat.

The compromise between Toomey and Manchin, both owners of guns and "A'' ratings from the NRA, was likely to improve the prospects that the Senate might expand background checks by attracting broader support. But debate could last weeks and it was not known what amendments to the overall bill, either constricting or expanding gun rights, senators might approve.

Neither Toomey nor Manchin predicted the Senate would approve gun legislation and both said their vote on final passage would depend on what the measure looked like when debate ends. Manchin said he would vote against the overall legislation if his compromise with Toomey was defeated.

Senate Majority Leader Harry Reid, D-Nev., has said the first amendment will be to add the Manchin-Toomey compromise to the legislation. It would replace stricter language extending background checks to virtually all gun sales.

The senators' agreement also has language increasing firearms rights. That includes easing some restrictions on transporting guns across state lines, protecting sellers from lawsuits if buyers passed a check but later used a firearm in a crime and letting gun dealers conduct business in states where they don't live.

Underscoring the difficult path gun curbs face in the GOP-run House, Speaker John Boehner, R-Ohio, repeated his plan to wait for the Senate to produce something and pointedly noted that the background check agreement had yet to pass Senate muster.

"It's one thing for two members to come to some agreement. It doesn't substitute the will for the other 98 members," he told reporters.

Emotion, always prominent in the gun issue, cropped up late Wednesday when Manchin met with relatives of the Newtown victims in his Senate office, telling them "this will not be in vain." He became choked up when a reporter asked about the impact of the family members' visit, saying, "I'm a parent, a grandparent ... and I had to do something."

Said Toomey: "Criminals and the dangerously mentally ill shouldn't have guns. I don't know anyone who disagrees with that premise." He said expanding the checks wasn't gun control, "just common sense."

Background checks currently apply only to transactions handled by the country's 55,000 licensed gun dealers. Advocates of expanding the system say too many sales ? the exact proportion is unknown ? escape the checks, which are supposed to keep weapons from going to criminals, the seriously mentally ill, and others.

In a written statement, Obama said, "This is not my bill," adding that he wished the agreement was stronger. Still, he praised it as significant progress, saying, "We don't have to agree on everything to know that we've got to do something to stem the tide of gun violence."

Gun control groups gave the deal warm but not effusive praise, noting that unknown details and some pro-gun provisions gave them pause.

The NRA said it opposed the agreement.

"Expanding background checks at gun shows will not prevent the next shooting, will not solve violent crime and will not keep our kids safe in schools," it said in a statement.

In a letter to senators late Wednesday, NRA lobbyist Chris W. Cox warned that the organization would include lawmakers' votes on the Manchin-Toomey deal and other amendments it opposes in the candidate ratings it sends to its members and supporters.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/3d281c11a96b4ad082fe88aa0db04305/Article_2013-04-11-US-Gun-Control-Congress/id-6ed2160f152b481887852ec66066595d

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Maryland lawmakers pass medical marijuana bill

(AP) ? The Maryland General Assembly on Monday approved a measure allowing medical marijuana programs at research centers that choose to participate.

The state Senate approved the measure, 42-4. Ten of the Senate's 12 Republicans joined 32 Democrats, while two Democrats and two Republicans voted against it. The action sends the bill to Gov. Martin O'Malley, who indicated he is likely to sign the bill.

"I'd like to read it first, but I probably would," O'Malley told reporters.

The Democratic governor noted his decision would hinge on whether the bill includes provisions enabling the governor to suspend the program if the federal government decides to prosecute state employees who administer it. The provisions were included in the bill earlier this session, after Maryland Department of Health and Mental Hygiene Joshua Sharfstein said he would support the bill with the amendments. That was a change from last year, when Sharfstein expressed concern about potential federal prosecution.

Sen. David Brinkley, a Frederick County Republican, said concerns about medical marijuana violating federal law have been around for years, as more than a dozen other states and the District of Columbia have moved forward.

"At the same time, I think more and more as states start pushing the envelope on this thing, the federal government has to recognize that some of these cancer patients ? some of these people that are very sick ? you know, they're not doing this because they want to," Brinkley said. "They do feel that it's perhaps an element of last resort, and the last thing we want to do is criminalize who they are, why they're sick, that they're sick or their caregivers."

Delegate Dan Morhaim is a Baltimore County Democrat and emergency room physician who has been pushing to get the bill through for years. He emphasized that the program would be carefully supervised by academic medical centers.

While state analysts have projected programs would not be up and running until 2016, Morhaim said now that academic medical research centers have had a chance to look over the details, they are taking a closer look. Morhaim said Sinai Hospital in Baltimore has expressed interest in writing, even if it has not yet committed to participating. He also said Johns Hopkins has indicated it would take a closer look.

"They needed to wait to see what the road map looked like, and now that they have, I think you're going to see much quicker movement than people may have anticipated," Morhaim said.

Sen. E.J. Pipkin, R-Cecil, said he voted against the bill because he believes a comprehensive proposal on the legalization of marijuana for a variety of purposes should be put before voters, instead of piecemeal measures slowly moving through the Legislature.

"Let's let them vote on it," Pipkin said, referring to the state's voters.

While advocates said the measure was well-intentioned, they said it didn't go far enough.

"Maryland has taken a small step in the right direction, but more steps are necessary for patients to actually obtain the medicine they need to alleviate their suffering," said Amanda Reiman, a policy manager for the Drug Policy Alliance, in a statement.

The measure would create a commission within the state health department to oversee programs.

A participating medical center would be required to specify the medical conditions it would treat and the criteria by which patients would be allowed to participate. A medical center also would have to provide the state health department data on patients and caregivers on a daily basis. The department would also have to make the data available to law enforcement.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/386c25518f464186bf7a2ac026580ce7/Article_2013-04-09-US-Medical-Marijuana-Maryland/id-723625bc2bcd44b89fcdc226758d629a

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Wednesday, April 10, 2013

Getting Out Of Debt - My Personal Finance Journey

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Welcome to My Personal Finance Journey! If you are new here, please read the "About" or "First-Time Visitor" pages to find out more about us. If you would like to receive free updates on articles like this by email, then sign up here or you can?subscribe to the RSS feed. Also, check us out on Twitter or Facebook. Thanks for visiting! Keep on learning!
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Click here?to enter my free $50.53 giveaway for a chance to win 5% of My Personal Finance Journey blog income and give another 5% to a charity of your choosing! Deadline to enter is April 30th, 2013. The following is a guest post by?Jon Emge,?a Senior Advisor and Content Manager at?www.Lifequotes4u.co.uk.??Jon is originally from America, but moved to Liverpool because of his love for the Beatles.?He is a published author and has assisted and advised clients on personal finance. In his spare time, he enjoys listening to music, going to the odd festival, and practicing his poetry skills. Enjoy!?

When people are struggling with their debts, they can get bombarded with different solutions from different people and companies all with the same goal in mind, paying off the accounts and getting out of debt.? But, choosing the best option is an individual thing, and what works for one person may not work for another.

While there are numerous ways to pay off your debts (and not pay them off such as in bankruptcy), two of the most popular ways of dealing with debt and getting out of debt are debt consolidation and debt management.

Debt consolidation is really not getting out of debt, just transforming the debt from one form to another.

In essence, debt consolidation is taking out a new loan to pay off the other loan(s) or credit cards you may have balances on.? You are still in debt, and still to the same level or amount, but by just having one (1) monthly payment for many people, it is easier to manage; and in most instances, that monthly payment is less then the sum of all the accounts included in the consolidation loan.?

The reason why the monthly payment is less can be due to a lower interest rate, as credit cards have a high rate of interest, and also due to the term or time period of the payments.? The longer the repayment term, such as 48 months or 60 months, the lower the monthly payment.

What are the downsides or negatives of a consolidation loan??

It may be difficult to qualify for the consolidation loan.? If you have a lot of debt, your credit score may not be in the highest range which means you may not be granted the consolidation loan.

You are still in debt; you have just transformed the debt from many accounts to one single account.

Unless you have stemmed the tide or reason why you have the credit card debt or accounts in the first place, just consolidating them doesn?t change the fact you could end up using the cards or credit lines again and finding yourself in more of a financial pickle barrel.

If you happen to consolidate your debts with a home equity or HELOC loan or some other form of secured loan, then you enter into a different realm of debt.? You may have consolidated your unsecured loans and unsecured credit cards, but they are now secured debt, secured by your home.? Should you struggle to meet these repayments, your property and home could be at risk.

So what about debt management??

There are many forms of debt management, some you can do on your own or DIY (do it yourself), and some with the help of professional advisors and outside organizations.

Which type of debt management is best for you can depend on the level of your debt and if you are past due or in arrears with the accounts.?If you are in arrears and seriously struggling, then seeking professional help may be the best course of action. The other end of that situation is you can meet the monthly repayments, but want to be done with the debt(s), just wanting out of debt.

The first step is to stop debting!? Stop using the credit cards or lines of credit.

Review or set-up a new household spending plan and see what money you have each month to work with that you can use to pay towards the debts/accounts.? Then, obviously paying that amount to the accounts choosing an account to concentrate on to pay it off at a quicker rate then just paying the minimum monthly payment.

Think of your debts as a snow covered hill, and the money you pay as a snowball rolling down that hill.?You pay a set amount each month towards the debts, then once one account is paid in full, you continue to pay that set amount using the extra form the paid off account towards another account.? Then as that account is paid off, you continue paying that set amount towards the remaining debts.

Just like a snowball rolling down a hill that picks up speed and more snow, so well that set monthly payment and the accounts as they get paid in full.

So which account should you concentrate on the pay off first?

There are a variety of thoughts on this.? One being to choose the account with the highest interest rate, or to choose the account with the lowest rate as more of your extra payment will go to the principal balance.

My advice has been just choose one.? It may even be the account with the lowest balance as then you can achieve some level of success early on which can lift your spirits and drive you onward.


How about you all? What strategies have you used to pay off debt? Did you try debt consolidation or debt management programs, or did you simply bite the bullet and buckle down to pay off the debt?

Share your experiences by commenting below!

Jacob's Thoughts - Listed below are my random thoughts as I was reading this article.

  • In my experience, I have found that people looking to more aggressively pay off their debt often view debt management or debt consolidation programs as some "magic" cure or solution that will make it completely easier to get out of debt.?
  • The truth is that if you can fix your spending behavior and can have some success getting your interest rates reduced, you can accomplish many of the things that these programs offer without the cost.
  • However, these solutions are always good to think about as a fall-back.
***Photo courtesy of?http://upload.wikimedia.org/wikipedia/commons/1/1e/Women_in_Economic_Decision-making_Christine_Lagarde_(8414041294).jpg

Source: http://www.mypersonalfinancejourney.com/2013/04/debt-consolidation-vs-debt-management.html

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Postal Service Saturday mail here to stay, for now

WASHINGTON (AP) ? The U.S. Postal Service says it will delay plans to cut Saturday mail delivery because Congress isn't allowing the change.

The Postal Service said in February that it planned to cut back in August to five-day-a-week deliveries for everything except packages, as a way to hold down losses.

But a statement Wednesday from agency's Board of Governors notes that Congress has passed a spending bill that continues the long-time prohibition against reducing delivery days.

As a result, the board says it believe that Congress "has left it with no choice but to delay implementation" of the five-day-a-week plan.

Source: http://news.yahoo.com/postal-backs-down-cutting-saturday-mail-152516001--finance.html

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