Credit card debt can be crippling. In 2016, the average cardholder had about $16,000 in debt, or about 11.7 percent of their total household debt. With an interest rate of 17 percent and a minimum monthly payment of $250, it’d take 11 years to wipe off the books. That’s where Tally, an automated app that helps users pay off credit card debt, comes in. It’s debuting on Android this week just about a year after its iOS launch in June 2017. Tally’s the brainchild of Jason Brown, a serial entrepreneur who raised $17 million from Shasta Ventures and Cowboy Ventures ahead of last year’s launch. Brown and Tally cofounder Jasper Platz previously founded Gen110, a finance company that was acquired by Repower in September 2013. Brown, who was homeschooled until college and paid for tuition with scholarships, loans, and income from CWP, a painting company he founded during as a freshman, experienced financial hardship growing up. There was a Christmas … [Read more...] about Tally brings its app for credit card debt payments to Android
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People need better options than a lifetime of debt because they went to college or a lifetime of stunted earning because they couldn't afford to. Brent Messenger Published 6:30 am, Tuesday, April 24, 2018 Photo: Shutterstock Image 1of/1 CaptionClose Image 1 of 1 Photo: Shutterstock College Debt Relief and Affordable Lifetime Learning Are Essential for a Thriving Economy 1 / 1 Back to Gallery It’s easy to mistake the 4.1 percent unemployment rate in the United States for a job market that is entirely in good shape. Look further and you find 40 percent of American employers report difficulties finding the skills they need in prospective employees. Sixty percent note a lack of preparation for even entry-level jobs. Beyond the current skills gap issue, the long-term prospects for many jobs is … [Read more...] about College Debt Relief and Affordable Lifetime Learning Are Essential for a Thriving Economy
Tanzania’s new suite of Internet regulations includes a $930 annual fee for anyone who runs a blog, coupled with extensive registration paperwork that includes a bizarre amount of financial information about the applicant, comparable to the business plan that would be submitted to secure a commercial loan from a bank. The new registration requirements and fees apply to a host of websites in Tanzania, including online radio stations and social media forums. Furthermore, online speech that would “lead to public disorder” or even “cause annoyance, threatens harm or evil, encourages or incites crimes” or endangers “national security or public health and safety” is banned. Internet cafes are ordered to install surveillance cameras so computer users can be monitored and identified more easily by police. This is Africa highlights another ludicrous feature of the new law: failure to set up a password on their mobile phones can get citizens arrested and … [Read more...] about Tanzania Charges Bloggers $930 Annual Fee in Free Speech Crackdown
Democracy Dies in Darkness Sections Home Subscribe Try 1 month for $1 Username Sign In Account Profile Newsletters & Alerts Gift Subscriptions Contact Us Help Desk Subscribe Account Profile Newsletters & Alerts Gift Subscriptions Contact Us Help Desk Accessibility for screenreader Wonkblog Analysis Analysis Interpretation of the news based on evidence, including data, as well as anticipating how events might unfold based on past events by Heather Long by Heather Long Email the author April 5 at 3:47 PM Email the author As the U.S.-China trade spat gets uglier, people in both countries are asking: Who has more to lose? And how does this end? China has more to lose economically in an all-out trade war. The Chinese economy is dependent on exports, and nearly 20 percent of its exports go to the United States. It sold $506 billion in stuff and services to the United States last year. In … [Read more...] about In a U.S.-China trade war, who has more to lose?
Finding a job is hard for anyone. But when you’re fresh out of college, with few professional contacts and crippling loans to pay back, finding that first job can be even more stressful. Pathrise wants to help by offering a free coaching and mentoring program to teach students essential job skills. These include refining resume and portfolio presentations, prepping for job interviews, and adopting negotiation techniques. Students then pay Pathrise 7 percent of their first year’s salary once they are hired. This echoes Y Combinator’s (YC) model: investing in startups in exchange for a 7 percent equity stake in their company. Pathrise, which is enrolled in YC’s current batch (Winter 2018), is trying to replicate the accelerator’s model by investing in students who show promise. “Anyone can apply,” said Pathrise cofounder and CEO Kevin Wu, in an interview with VentureBeat. “They are then put through a light technical evaluation process. We … [Read more...] about Pathrise wants to be the Y Combinator for tech students