Can you win this game? Behavioral economics says no ( Admin posted on July 7th, 2015 )

Editors Note: Lets play the ultimatum game. Here’s how it works: I give your friend $20. He has to share a portion of his $20 with you and can give you as much as he wants. If you accept the offer, you get that amount, and he keeps the rest. If you turn down his offer, both of you get nothing.

Let’s say he offers you $2. Would you take it?

Economics correspondent Paul Solman sat down with Richard Thaler, whos been called the inventor of behavioral economics, to learn about the ultimatum game. And in the process, he learned quite a bit about behavioral economics. Economic theory assumes that people make rational, selfish, and mathematical economic decisions. Behavioral...

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Gryphon ‘significantly’ enhances Burkina Faso project economics ( Admin posted on July 6th, 2015 )

PERTH (miningweekly.com) An updated scoping study into the Banfora gold project, in Burkina Faso, has significantly increased the projects economics, owner Gryphon Minerals reported on Monday.

The optimised study has increased the projects after-tax net present value from a 2014 estimate of A$90-million to A$210-million, while the internal rate of return has increased from 20.5% to 42.2%.

The optimised study considered the development of a two-million-tonne-a-year heap leach start-up operation, as well as the upside potential for expansion by adding a conventional one-million-tonne-a-year carbon-in-leach (CIL) processing plant.

The 2014 study only considered a two-million-tonne-a-year...

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Teachers still sought in home economics field ( Admin posted on July 6th, 2015 )

ADVANCE FOR RELEASE SATURDAY, JULY 4, 2015, AND THEREAFTER- In this June 10, 2015 photo, retiring Home Economics teacher Cheryl Tschetter poses for a photo in her classroom at McMillan Middle School in Omaha Neb. After four decades at whats … more gt;

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Cuba Beckons to US Ag ( Admin posted on July 5th, 2015 )

By July 20, the US flag will once again fly over the US embassy in Havana, Cuba, President Barack Obama announced Wednesday. As the two nations restore official diplomatic relations broken in 1961, Cuba will also have an embassy in Washington.

This step in the thaw between two long-estranged neighbors coincides with a trip to Cuba last week by leaders of the National Corn Growers Association, the US Grains Council, and the North Dakota Barley Council.

“Cuba could be a growing market for US corn, but our own policies are standing in the way,” said USGC Chairman Ron Gray. “A major lesson from this trip was that the embargo has created an environment where our competitors...

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Categories: Credit Challenges

Lender abolishes dealer reserve ( Admin posted on July 5th, 2015 )

North Carolina-based BBamp;T Dealer Finance, a division of BBamp;T Dealer Financial Services, has announced the launch of a nondiscretionary dealer compensation program, providing a competitive automobile financing program that eliminates pricing discretion in the consumer transaction.

The program changes will go into effect on July 1, 2015, and will no longer allow dealer markup on retail instalment sales contracts. BBamp;T Dealer Finance will instead offer a flat-fee dealer compensation program.

We are committed to the fair and equal treatment of all consumers, said Derek Lane, BBamp;T Dealer Financial Services manager. The automobile finance industry provides a valuable service,...

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Categories: Automobile Finance

Company Shares of Kemper Corporation Rally 3.12% ( Admin posted on July 5th, 2015 )

Kemper Corporation (Kemper), formerly Unitrin, Inc., is a diversified insurance holding company, with subsidiaries that provide life, health, automobile, homeowners and other insurance products to individuals and small businesses. The Company is engaged, through its subsidiaries, in the property and casualty insurance, life and health insurance and automobile finance businesses. The Company conducts its operations through four operating segments: Kemper Preferred (Preferred), Unitrin Specialty (Specialty), Unitrin Direct (Direct) and Life and Health Insurance. The Companys property and casualty insurance business operations are primarily conducted through the Preferred, Specialty and Direct...

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Categories: Automobile Finance

Renting to buy your first home ( Admin posted on July 4th, 2015 )

Mia Robinson was eager to purchase a home, but didnt know how to approach the process. Like many first-time home buyers, Robinson had many questions about how much she would have to put in for a down payment, how much closing costs would be and what her credit scores should be.

Robinson, 50, met Sheila Varnado, agent at Keller Williams, and Emily Silipini, mortgage originator at Genesee Regional Bank, to help her sort through the process. She is now renting to own a Colonial Cape-style home on Lyell Avenue in the city for $55,000, with the city of Rochester kicking in $3,000 to assist with the purchase as part of a program to encourage home ownership in certain areas of the city.

Buying...

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Analyst Price Target Update on Huntington Bancshares Incorporated ( Admin posted on July 4th, 2015 )

The company shares have rallied 19.87% from its 1 Year high price. On Jun 24, 2015, the shares registered one year high at $11.72 and the one year low was seen on Oct 16, 2014. The 50-Day Moving Average price is $11.31 and the 200 Day Moving Average price is recorded at $10.81.

Huntington Bancshares Incorporated (Huntington) is a multi-state diversified regional bank holding company. Through its subsidiaries, including its bank subsidiary, The Huntington National Bank (the Bank), Huntington is engaged in providing full-service commercial, small business, consumer banking services, mortgage banking services, automobile financing, equipment leasing, investment management, trust services,...

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Categories: Automobile Finance

TransUnion CEO Buys $56250.00 in Stock (TRU) ( Admin posted on July 4th, 2015 )

TransUnion (NYSE:TRU) CEO James M. Peck acquired 2,500 shares of TransUnion stock in a transaction that occurred on Tuesday, June 30th. The stock was purchased at an average price of $22.50 per share, for a total transaction of $56,250.00. Following the completion of the transaction, the chief executive officer now directly owns 564,821 shares of the companys stock, valued at approximately $12,708,472.50. The purchase was disclosed in a document filed with the Securities amp; Exchange Commission, which can be accessed through this link.

TransUnion (NYSE:TRU) opened at 25.00 on Friday. TransUnion has a 52-week low of $23.42 and a 52-week high of $25.89. The stock has a 50-day moving...

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Buyer or Seller: Are You Ready for the Home Inspection? ( Admin posted on July 3rd, 2015 )

If youve bought and sold a few homes in your lifetime, you may already know some of this information. However, Ive found that those who are buying or selling for the first or second time may not have bumped into the inspection report and repair negotiation challenges in an existing home sale. Lets work our way through a make-believe, but all too often true life, example.

John and Mary are first time home buyers. Sue and Jim are about to sell their first home to move up to one thats larger to accommodate their family. So, from here forward, well refer to John and Mary as the Buyers, and Sue and Jim as the Sellers.

The Purchase Contract Negotiation

John and Mary...

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