Indonesia’s economy grew 5.0-5.1 percent yr/yr in third quarter: finance minister

JAKARTA (Reuters) – Indonesias economy grew between 5.0-5.1 percent in the third quarter from a year earlier, and the September trade balance was expected to show a small deficit, the countrys new finance minister said on Thursday.

Finance Minister Bambang Brodjonegoro told Reuters that exports had been hit by falling prices rather than volumes.

The slowdown in China is more significant to us than normalization of the US, he said.

The central bank has said it expects growth this year in the range of 5.1 to 5.5 percent, with third quarter growth at 5.2 percent.

(Reporting by Gayatri Suroyo and Randy Fabi; writing by Michael Taylor; Editing by Simon...

Venezuelan Chavistas begin donating a day’s pay to finance political party

The governing United Socialist Party of Venezuela, or PSUV, on Thursday launched a campaign to get its 7 million members to each donate a days pay to collect funds for the partys operating expenses.

Members of the PSUV, headed by Venezuelan President Nicolas Maduro, are being asked to voluntarily donate the equivalent of a days pay to help the organization with party vice president Yelitza Santaella inviting every committed militant to give their contribution to the revolution, to the party of the eternal commander, to the party of (the late Hugo) Chavez.

According to the PSUV by-laws, approved at the organizations 1st Extraordinary Congress, it is the duty of every party supporter...

See What 10 Powerful Women Finance Experts Carry in Their Wallets

By Christina Lavingia, Editor

Suze Orman, Deirdre Bolton, Cameron Huddleston, Terry Savage, Mandi Woodruff, Karlene Sinclair-Robinson, Kelli Grant, Gerri Detweiler and Sharon Epperson are all experts when it comes to investments, the markets and personal finance. As editors, writers and contributors to some of the biggest finance sites and television shows out there, theyre knowledgeable about the myriad factors that can affect your finances.

While their views help you decide how to manage your funds and plan for your financial future, what can their wallets tell you about managing your money day to day?

We asked these personal finance experts, writers and editors...

Financial ‘Experts’ No Better At Finance Than Normal Humans

Knowing more about finance does not lead to better financial decisions.

In fact, some of the most supposedly financially knowledgeable people — mutual-fund managers — dont make better financial decisions than other people, according to a new study by Michigan State and Notre Dame researchers, as reported in The Atlantic.

Its the latest evidence that a years-long campaign to help normal Americans achieve financial literacy is ineffective at best and misguided at worst. As The Atlantic notes, expert stock-pickers in finance and forecasters in other fields have been derided for decades as no better than dart-throwing monkeys.

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The Future of Finance According to This Legendary Investor

Legendary venture capitalist Marc Andreessen, backer of Uber, Twitter, Facebook, AirBNB, and more, recently sat down with Bloomberg Markets to discuss what he sees as a coming revolution in finance. 

We have a chance to rebuild the system
To Andreessen, the financial crisis wasnt as much a crisis as it was an opportunity to rethink the way that we fundamentally manage finances in this country.

Why does it take two or three days to transfer money from one bank to the other? Because the current Automated Clearing House (ACH) system was built that way. Current payment processing companies like Visa (NYSE: V) and MasterCard (NYSE: MA) routinely charge 2-3% or more for every...

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OVC BASKETBALL: EKU student life organizing fan bus for Florida football game

EKU Student Life, in collaboration with EKU Athletics, will be organizing two student fan buses to the EKU-Florida football game in Gainesville, Fla. on Nov. 22.

The buses will depart from EKU’s campus at 10 am on Friday, November 21 and return early morning Sunday, November 23.

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Business finance slumps 16% in August

Business finance commitments slumpedin August, while personal finance rose, according to data from the Australian Bureau of Statistics.

The data showed total business finance commitments fella seasonally adjusted 16.3 per cent in the month to $40.1 billion.

The figure compares with an downwardly revised $47.898bn in July.

Personal lending commitments rosea seasonally-adjusted 5.2per cent to $8.907bn in the month.

This compares with a upwardlyrevised $8.467bn in July.

Lending to fixed facilities fell by 18.6 per cent in August and unwinds strong gains made in July.

Revolving commercial...

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My Blurry Life: Organizing and Adapting to A Disability

Last month a potential client called me and needed help setting up a new home. She told me that she had a disability and especially needed everything accessible to her. Little did I know, when I started working with her, I would have my own temporary disability.

I woke up a few weeks ago with blurry vision. It scared the hell out of me. I tried my glasses and contacts to no relief. By the time I had to leave for work, my eyes were okay to drive but not 100%.

I was in denial big time. I am healthy has a horse. Never had a flu shot and never get sick, aside from seasonal allergies. I am just like my grandma who we call the tough old bird.

After a few days, I made an appointment...

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Business finance slumps 16% in August

Business finance commitments slumpedin August, while personal finance rose, according to data from the Australian Bureau of Statistics.

The data showed total business finance commitments fella seasonally adjusted 16.3 per cent in the month to $40.1 billion.

The figure compares with an downwardly revised $47.898bn in July.

Personal lending commitments rosea seasonally-adjusted 5.2per cent to $8.907bn in the month.

This compares with a upwardlyrevised $8.467bn in July.

Lending to fixed facilities fell by 18.6 per cent in August and unwinds strong gains made in July.

Revolving commercial...

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Sir Nicholas Winton awarded the highest Czech honor for organizing trains to …

105 year-old sir Nicholas Winton waits to be decorated with the highest Czech Republics decoration, The Order of the White Lion at the Prague Castle in Prague, Czech Republic, Tuesday, Oct. 28, 2014. Sir Winton saved 669 Jewish children from Nazi annihilation by transporting them out of Prague to Great Britain in 1939. (AP Photo/Petr David Josek)(The Associated Press)