Payday Loan New Rules Nov 1, 2009 For BC, Canada

New rules for payday loan companies take effect in British Columbia on November 1, 2009. A payday loan is usually less than $1500 borrowed for up to 62 days,and it is unsecured debt. The borrower is usually asked to provide a postdated cheque or a preauthorized debit form...

China 'agrees huge Zimbabwe loan'

" China has agreed to give Zimbabwe a loan of $950m (£573m) to help it revive its battered economy, Prime Minister Morgan Tsvangirai has said. Mr Tsvangirai had been criticised by supporters of President Robert...

The Obama plan has no end in sight for the bad news

Homelessness and unemployment spike with gas prices by the end of March 09. Obama says the job loss problem is not over and he still has no plan for any industry except for a window plant in Pa. that employs about 60 workers, according to Barack. The Stock Market is still...

Lender Lower Cutoff Rates: Good News for Bad Credit

GM bailout money helps some borrowers  The first reaction to the economic crisis for many lenders was to stop lending money to borrowers with less than perfect credit. However, the auto and mortgage financing division of General Motors Corp. is relaxing its credit...

2008, 2009 Child Tax Credit Information & Calculator

If you have children who are under 17 as of the end of the tax year, you can get a $1,000 tax credit per child on your tax return. Because this is a credit, not a deduction, you get to take those dollars right off your tax bill. That makes this much better than a deduction...

Icelandic government becomes first to be brought down by the c...

Will leaders of other nations face the same fate as the Primeminister of Iceland today?" The government of Iceland today became the first to be effectively brought down by the credit crunch. After several nights of...

The Credit Crunch for Materialism by Rupert Sheldrake

A wonderful contribution from the great Rupert Sheldrake, who introduced the concept of "morphogenics" and who’s theory is that memory and other information is stored within the microtubules of every cell. These...

BC P3 banker embroiled in Italian bond scandal

Depfa Bank, a major lender to public infrastructure projects in British Columbia, has found itself embroiled in a major bond scandal involving Italian local governments, according to The Telegraph newspaper. The...

B.C. P3 lender posts largest 2008 loss on key European index

Dexia, the Belgian-French bank that's bankrolling three major infrastructure projects in British Columbia, saw its stock value plummet by more than 81 per cent in 2008. It was the largest loss by a company listed...

Houses of God Turn to Chapter 11 in Book of Bankruptcy

Amidst a nationwide recession, financial credit meltdown and foreclosure crisis, churches also are praying that they can meet their next mortgage.  "The era of easy credit has begun taking its toll on even the...

Top CEO firings of 2008...with a glimpse of 2009 possibilities

2008 is almost over and as millions of income earners in Canada and US struggle to come to terms with impacts of the global financial crisis, small comfort may come from a string...

Insider trading investigated at bank linked to BC P3s

Hypo Real Estate (HRE), the real estate and public finance bank linked to several high profile government projects in British Columbia, is being investigated by German prosecutors for suspicion of insider trading....

Credit crisis putting the brakes on recycling

Recycling prices are crashing and that's putting municipal recycling at risk."The city of Anchorage is blaming the market for a decision to stop accepting glass for recycling. Donna Mears of the Solid Waste...

Belgian government falls on bank bailout

The crisis in financial markets took down speculators, is tanking the real economy and now looks to have claimed its first national government as a victim. " Belgium's government collapsed on Friday after a top...

US Fed Slashes Lending Rate

"US Fed slashes lending rate Tuesday, 16 December 2008 19:33 The US Federal Reserve has slashed its base lending rate from 1.0% to virtually zero, saying its target federal funds rate would be a range of zero to 0.25%. The unprecedented low rate announced by the...

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