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Overdue debt burdening students, graduates

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Despite signs that the economy appears to be on the rebound, many consumers continue to struggle under the weight of debt they can’t pay off.

Equifax reported Monday that charge-offs, debts that creditors deem uncollectible, rose more than 36 percent to $3 billion in the first two months of the year, compared with the same period a year ago. When debt reaches that stage, lenders usually turn to collection agencies to get the money they’re owed.

The Atlanta-based credit reporting company said charge-offs are especially problematic among student borrowers who have found it almost impossible to pay on balances.

High unemployment among recent graduates – and underemployment among those have been able to land a job – is hurting their ability to put dents in student loans.

According to Forbes, the size of the average student debt load in 2005 was $17,233, but that figure had climbed to $27,253 by 2012, a 58 percent increase.

“Continued weakness in …

March 26, 2013 Edition 13

Love Your Job By Zig Ziglar Unfortunately, significant portions of working Americans don’t really like their jobs, feel they are “dead-end,” and that they are “stuck” with them.  Fortunately, a change in attitude towards your job will increase your effectiveness on that job and open the door for a better one. Step one: There are [...]

BlackBerry CEO: Apple’s iPhone outdated

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The new touchscreen BlackBerry Z10 smartphone is displayed in New York. (Associated Press)

The new touchscreen BlackBerry Z10 smartphone is displayed in New York. (Associated Press)

The iPhone is not what people want these days because it lacks innovation and “it’s just kind of sitting there,” according to (wait for it) the head of BlackBerry.

BlackBerry begins selling its new touchscreen BlackBerry Z10 today in the United States. It’s already on sale in other parts of the world. A keyboard version of the smartphone, the Q10, will be available in several months.

Thorsten Heins, head of BlackBerry, told The Associated Press that its new phone, which allows users to have multiple applications open at one time like on a desktop computer, will give the new devise an edge over Apple’s smartphone, which he says gives users nothing new.

“It’s still the same,” Heins said of the Apple device. “It is a sequential way to work and that’s not what people want today anymore. They want multitasking.”

Heins also told CNET that Samsung …

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