Dowe far outpaces colleagues in spending
Roanoke Times - Roanoke has been issuing credit cards to city council members since 2001, according to Ann Shawver, the city’s deputy director of finance. At first, each council member was given a budget of about $3,500, Moon stated.
Chaudhry refers The Fiji Times to court after publishing his alleged
Fiji Times - Update: 11.47am Interim Finance Minister Mahendra Chaudhry has instructed his lawyers to sue The Fiji Times for defamation after publishing stories regarding alleged tax evasion. In a statement a few minutes ago Mr Chaudhry states his lawyers will file
A ‘yes, we can’ plan with beef: Nix IRS
WorldNetDaily - With a national retail sales tax to finance government, the tax burden on citizens would be absolutely transparent. Whenever you make a purchase and look at the sales slip, you’d see the 23 percent tax and know that’s what you are paying for the federal
India to slap steep duty on iron ore exports to China
Times of India - There is no duty on ores low ferrous content since the finance ministry partly rolled back its decision last year. This is what makes the steel ministry’s move to charge duty on the money value of iron ore exports very significant.
UPDATE 2-Credit turmoil has helped emerging markets -Dbank
Reuters - now led to a relative re-pricing of risk, favouring some countries and sectors, especially emerging markets,” Josef Ackermann stated in a speech prepared for a meeting of CEOs organised by the Washington-based Institute of International Finance
Tripura witnesses 80 per cent polling
Daily Pioneer - Finance Minister Badal Chowdhury cast his vote at Belonia in South Tripura. Polling which began this morning from 7:00 am was conducted with Electronic Voting Machines.
FTI holds forth in turbulent ‘07
Baltimore Sun - The consumer finance sector that includes credit cards also fell about 30 percent. Yet the S&P 500 index gained a respectable 3.5 percent last year, and a flurry of private equity buyouts and corporate takeovers helped propel the Dow Jones industrial
Prime Minister Nazif says the government’s sa
Egypt Today - The rise [in prices] will be double because transportation and energy are not used just once in industries,” says Awadallah, who heads the economics and public finance unit at Alexandria University’s Faculty of Law.
Former Paxson Exec Denies McCain Meeting
Los Angeles Times - Still, McCain indicated in a 2002 deposition taken in litigation over the McCain-Feingold campaign finance law — and disclosed by Newsweek on Friday — that he talked to Paxson about a Television station the broadcaster wanted to purchase in Pittsburgh and
RPT-Resistance to Muto as BOJ governor - opposition
Reuters - Splits have appeared within the opposition in recent months about whether Muto, a former vice finance minister in charge of fiscal policy, should have the top job at the central bank.
HDFC Bank, Centurion boards okay merger
Stockhouse Canada - Consulting firm KPMG is the advisor to HDFC Bank and investment bank Ambit Corporate Finance to Centurion Bank. ” The swap ratio is expected to be around 1:25-30,” stated a banking source.
Macao SAR government’s total revenue surges by 37% in January
Xinhua News Agency - by the end of 2007, Macao’s gaming taxes grew by 48 percent over the previous year to 29.3 billion patacas (3.7 billion U.S. dollars) in 2007, leading to an overall surplus of 21.8 billion patacas (2.7 billion U.S. dollars) in public finance
Mugabe celebrations while Zimbabwe suffers
News.com.au - The ruling celebration ZANU-PF has officially raised three trillion Zimbabwean dollars (about $US1.2 million at the parallel market rate) to finance the parties.
Thai Shin Sat sees lower net profit in 2008
Reuters - The company expected 2008 revenues to rise at least 30 percent, but its net profit would be below the 3.04 billion baht earned in 2007 as it would have no extra gains, chief finance officer Tanadit Charoenchan told reporters. (Reporting by Khettiya
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During my blogging “career”, I’ve found myself defending the payday lending industry on more than one occasion. I don’t do it because I think payday lenders are good for consumers but rather because there’s a widely-held assumption that the industry is earning big profits at the expense of consumers, which isn’t the case. Looking at the financials of these companies, you can quickly see that they’re really not that profitable. They make small loans and have substantial overhead. Without insanely high rates on the loans, they wouldn’t be able to turn a profit. So the industry is basically a bad deal for consumers and a below-average deal for the lenders.
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