There’s always money for Labour voters
Daily Telegraph - Ignorance on the part of Alistair Darling, the Chancellor of the Exchequer, about how finance actually works precipitated the panic-stricken train of events that resulted in last Sunday’s nationalisation.
Loophole Irks Contract Watchdogs
Lincoln Journal Star - Charles Grassley of Iowa, top Republican on the Senate Finance Committee, called it “a disservice to taxpayers to exempt overseas contracts when holding bad actors accountable.
Japan Posts Trade Deficit in January
Forbes - Japan’s trade deficit in January was more than 20 times greater than the deficit in the first month of 2007 as rising oil prices boosted the values of imports, the Finance Ministry said Thursday. The gap widened to 79.3 billion yen ($734 million
Giving universal education a fresh lease of life
Rwanda New Times - The same “success” story is told in all African countries pursuing the policy of UPE, with others like Uganda adding secondary education to the list of items crowding the over-burdened Finance minister’s table for budget support.
Ambac Rescue by Banks May Be Announced Next Week, Person States
Bloomberg - Ambac, which was already downgraded by Fitch, lends its credit rating to $376.6 billion of municipal and international bonds and $176.6 billion of structured finance debt, according to its Web site.
Prescott and Hain join rebels to back bill for bureau workers
Guardian Unlimited - John Prescott and Peter Hain put their heads above the parapet yesterday for the first time since leaving the cabinet when they joined forces with Labour rebels to endorse a backbench parliamentary bill to give new rights to bureau workers. In a sign
Banking Drags Allianz 4Q Profits
Newsday - The comments reaffirmed an announcement by Allianz in November that Dresdner Kleinwort would consider a strategic change in structured finance.
Brazil bank says debt crisis over
Macon Telegraph - It’s the first time in the history of Brazil that we’re not debtors,” said Finance Minister Guido Mantega. Brazil’s new status as a creditor could improve its debt rating to investment grade, which would lower Brazil’s borrowing costs for future
German Finance Ministry sees recovery in private consumption in 2008
Forbes - FRANKFURT (Thomson Financial) - The German Finance Ministry sees private consumption recovering in the course of the year, it said in its monthly report for February. ‘The situation on the labour market, which continues to be favourable, an increase
Brave of Awang Adek to contest Pas stronghold
New Straits Times - With his vast experience as deputy finance minister, former Tenaga Nasional chairman and former Bank Negara deputy governor, the 52-year-old politician should be able to bring about the much-needed changes and development to Kelantan, which the Pas
Nassau pol pans $720M bond-buyout plan
Newsday - County officials on Thursday proposed selling a $720 million short-term “revenue anticipation note,” which must be repaid within a year, to buy back about the same amount in auction-rate bonds issued by the Nassau Interim Finance Authority on the
Mortgage industry job help
San Francisco Gate - Change - or, rather, wrenching upheaval - is tearing through the mortgage and finance industry as the housing slump worsens. Nationwide, financial firms shed more than 150,000 jobs in 2007, according to Chicago outplacement firm Challenger Gray
Charities’ finance advice for young
Croydon Guardian - Two UK charities have announced that they are teaming up to offer young people advice on how to manage their money. Citizens Advice and YouthNet are working together to provide 16 to 25-year-olds with help handling their finances through the internet
Put your money where your heart is
Guardian Unlimited - Fairtrade Fortnight begins on Monday, and Triodos - a bank dedicated to ethical finance - is trying to entice savers into its Fairtrade Saver account.
Business Schools Break Tradition in Global Education
New York Times - The programs are not simply overseas duplications of standard courses in record-keeping and finance. “In our global access courses, we challenge teams, in a language that is not that of the United States, to drop an egg from two stories without
FDA clears Avastin for breast cancer
Miami Herald - Personal Finance A Genentech drug received federal approval on Friday to treat breast cancer, a surprise decision that could represent a
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