Share this article

print logo

Of bonds and mortgages, electric cars, flight attendant stress and for-profit college debt

From Business Today:

2010 is now in the rear-view mirror, and let the record show that it was a dramatic ride for bonds and the mortgage market. Yields dropped to levels not seen since the 1950s, due to the European economic crisis and the concept known as quantative easing.

The arrival of electric cars -- the Chevrolet Volt and Nissan Leaf -- drew a lot of attention, but not many are on the road yet, due to limited supply. General Motors sold between 250 and 350 Volts and Nissan sold less than 10 Leaf sedans in the past two weeks. Production of both is slowly ramping up, and thousands of people are on waiting lists. GM predicts it will sell some 10,000 Volts this year.

Flight attendant Steven Slater's outburst at the end of a JetBlue flight last year became a media sensation, but the incident also put a spotlight on the stressful job conditions flight attendants now face. Just as one example, American Airlines flight attedant Kristen Heller worked nine flights hop-scotching six cities over 48 hours. People in the industry say the glamour days of the job are gone, n the wake of givebacks in pay and benefits and increased duties.

Some students are turning to for-profit colleges in hopes of earning degrees that will lead to jobs. But the debt from student loans comes with a risk: their loan obligations can rarely be discharged in bankruptcy, which can prevent them from getting future access to student loans or housing.

Now, on to the home sales.









There are no comments - be the first to comment