As fall arrives and students prepare to return to school, many are looking at how to finance their education. Based on a survey completed by LendKey and YouGov Plc., 75% of borrowers said that getting approved for a student loan was very easy. However, the same study showed that more than half of the borrowers were not given sufficient information about their loan repayments.Many of these borrowers were presented limited to no additional financing options beyond federal student loans. Students turn to their university for advice, but nearly 43% were presented with just one option, and more than 23% couldn’t recall what information was provided. Credit unions are poised to help fill this educational gap for young borrowers. As trusted financial advisers and community leaders, credit unions are ideally positioned to educate their existing and potential members about their financing options and the terms of student loans. Furthermore, credit unions are able to provide private student loans to young borrowers and their parents to help fund education responsibly. ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr continue reading »
In South Africa, an international Fish Crimes symposium taking place in Cape Town has revealed the murky underworld of the global trade in illegal fishing. As CCTV’s Travers Andrews reports, every year coastal countries lose billions of dollars in revenue due to the theft of their natural resources by criminal organizations.
(REUTERS) – U.S. fast-food giant McDonald’s Corp (MCD.N) has ended its 41-year-long Olympic Games sponsorship deal three years early, the International Olympic Committee (IOC) said yesterday.The company had said last year it would reevaluate its relationship with the Olympics.McDonald’s, a sponsor since 1976 and part of the IOC’s top sponsors programme that contributes more than $1 billion in every four-year cycle for the Games, had a contract running through the 2020 Tokyo summer Olympics.“In today’s rapidly evolving business landscape, we understand that McDonald’s is looking to focus on different business priorities,” Timmo Lumme, managing director of IOC Television and Marketing Services, said in a statement.Financial terms of the separation were not disclosed.While it is unusual for an Olympic sponsor to leave early, sponsors change regularly within the IOC’s top programme. The most recent addition was China’s Alibaba Group Holding Ltd (BABA.N), which signed a deal in January for a partnership through 2028.“As part of our global growth plan, we are reconsidering all aspects of our business and have made this decision in cooperation with the IOC to focus on different priorities,” said McDonald’s Global Chief Marketing Officer Silvia Lagnado.John Lewicki, who oversees global Olympic sponsorship deals for McDonald’s, said last year the company would reevaluate its Olympic relationship after changes to a rule that ended a marketing blackout for companies that sponsor athletes rather than the event itself.McDonald’s has been tightening costs as it invests in improving its food quality, restaurant service and online ordering to woo back diners in the United States, where intense competition has gnawed away at sales.A source who has negotiated previous IOC sponsorship deals said that top global sponsors, like McDonalds, spend about $25 million per year for the rights, or about $100 million for a four-year period that includes a summer and winter games.The company, first involved with the Games in 1968, was its food retail sponsor. Despite pulling out with immediate effect, McDonald’s will continue at next year’s Pyeongchang winter Olympics as sponsors with domestic marketing rights.The IOC said it was not planning a direct replacement for McDonald’s, but it is expected to announce a new global deal with Intel Corp (INTC.O) next week, according to a source familiar with the matter.A spokeswoman for Intel did not immediately respond to a request for comment.The IOC has faced criticism from public health campaigners for allowing sponsors such as Coca-Cola (KO.N) and McDonald’s to use the Games as an opportunity to market their products, which are perceived to be unhealthy, in contrast to what the event seeks to promote.Shares of McDonald’s rose $1.08, or less than one percent, to $152.25 in morning New York Stock Exchange trading.
Porsche dealers are faced with high short-term financial investments into the charging infrastructureWhen Porsche decided to enter the electric vehicle world, they sure paid attention to every detail. As their investments towards electrification garner speed, the German carmaker is entering a stage where not only the vehicle itself but also, the infrastructure will play a key ingredient in their overall success. Hence, Porsche authorized dealers, and especially those ones in the United States will have to shoulder a significant share of the company’s investment plans.More from Porsche Porsche Explains Production Process For Electric Taycan Porsche Taycan Sport Turismo Wagon Spied For First Time Source: Electric Vehicle News Porsche Mission E Cross Turismo Gets Production Green Light Just recently, Porsche bumped up the number of high-speed chargers it deems necessary to more than 700, or about 40 percent more than previously estimated. And Porsche’s U.S dealers will have to cough up the investment for at least 200 of those. And just like the cars they sell, this investment will be a costly one for the 190-store brand. According to recent info revealed by the Zuffenhausen based carmaker, the chargers will cost retailers between $300,000 and $400,000 per store on average.However, time is scarce as the planned U.S. arrival of the Taycan – Porsche’s first electric sedan – is set for 2020, just over a year from now. And judging by the most recent developments and information coming from the carmaker, Porsche is clearly embracing electrification. And there’s no better sign of that than more than €6 billion ($6.9 billion) the company intends to spend on vehicle electrification by 2022.“We expect by 2025, roughly 50 percent of our products to be electrified, either with a fully electric engine or with a plug-in hybrid,” Porsche sales chief Detlev von Platen told Automotive News.And for Porsche dealers in the U.S., that means they’ll have to get busy installing electric vehicle chargers. However, even Porsche Cars North America CEO Klaus Zellmer concedes that this will be a huge financial undertaking for the retailers, who will be faced with a prolonged payoff of the investment. However risky, it may be one of the most financially sound decisions they will ever make. After all, high-performance machines from Porsche are already a highly coveted item, let alone the planned onslaught of potential EVs from the carmaker set to arrive in the future.“It’s typical, if you’re an entrepreneur, that the investment doesn’t pay off within the first one-two-three years,” Zellmer told Automotive News last month at Porsche’s Rennsport Reunion motorsports event here. “It’s a long-term investment – he added. You need to establish the tech prerequisites to show what the car can do, which first for customers is charging,” he said.In the end, it’s a necessary investment. Porsche’s ambitious electrical plan hinges on the availability of robust and fast charging infrastructure, set to alleviate range anxiety. After all, the fear of running out of juice and the inconvenient lengthy charge times have been major hurdles to widespread EV adoption. If Porsche can tackle those successfully, the carmaker could find itself in a fruitful market position. The retailers playing ball is key to their success, however financially painful (in the short term) the investment may be for them.Source: Autonews Author Liberty Access TechnologiesPosted on October 20, 2018Categories Electric Vehicle News