The Early Bird: December 2, 2008
It's Official: Recession Is Here The National Bureau of Economic Research's conclusion that the U.S ... housing crisis is far from over. The credit reporting agency TransUnion LLC reports that the percentage ... Monday. Of the key indicators measured by the bureau, manufacturing slowed, jobs were cut, and real [more...]
Date: 2008-12-02 15:15:28
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US$ Gains Despite Terrible Retail Sales Report
The US$ is relatively unchanged this morning against most major currencies ahead of this mornings Retail Sales data ... as European nations face credit warnings from international ratings agencies. The EUR is weaker this morning as more Euro Zone nations were warned that their credit rating may be reduced in 2009 [more...]
Date: 2009-01-14 14:08:02
Thursday Links
Too Big To Fail - “Shares of Bank of America, the largest U.S. bank, were a top drag on the Dow, with a drop of more than 18 percent to $8.35 ... to a report by the U.S. Joint Forces Command on worldwide security threats.” Junk - “Another of the nation’s leading credit rating agencies has downgraded [more...]
Date: 2009-01-15 15:54:50
Information trickle down
UPDATE: 7:45PM NZDT:ODT reporting:ANZ and National Bank have announced they are dropping their fixed-term mortgage rates ahead of the next Official ... fall in line with what the RBNZ does on 29 January.-- UPDATE ENDS RNZ reporting that the S&P credit rating downgrade has affected our dollar. I have always said that credit rating agencies will trigger [more...]
Date: 2009-01-13 22:43:00
Re-default nation
The big question looming over the push to rewrite the home loans of people struggling to make payments is whether or not such mortgage ... % of all first mortgages in the U.S. Dugan called the results, part of his agency's new Mortgage Metrics report ... consumers replaced lower mortgage payments with increased credit card debt? Is it because the [more...]
Date: 2008-12-08 17:35:26
MICROCAPITAL STORY: Nigeria’s Rivers State Micro-Finance Agency (RIMA) And First City Monument Bank (FCMB) Promote Microfinance Through As An Aid to Laid-Off Motorcycle Operators
Microfinance is being proposed as a potential solution to the large number of commercial motorcycle operators known as ‘Okada’ who have recently ... . According to a report by Minority Rights Group International (MRG) available on the United Nations High ... that the credit facilities must be used as intended by government.The Rivers State Micro-Finance [more...]
Date: 2009-01-14 05:30:22
NACUBO: The FTC's Red Flag Rule Identity Theft Prevention Rule May Affect Colleges
The National Association of College and University Business Officers notes that the FTC's Red Flag rule likely applies to colleges ... of consumer reports must develop reasonable policies and procedures when they receive notification from a credit agency that there is an address discrepancy. Second, that financial institutions [more...]
Date: 2008-09-26 17:00:00
FTC Delay Does Not Apply to Employers
Yesterday, the FTC announced a 6 month delay in enforcing their “Red Flags” Identity Theft Guidelines ... ve been in touch with the FTC and we now know that this delay only pertains to Financial ... from National Consumer Reporting Agencies (primarily credit bureaus) when conducting background checks [more...]
Date: 2008-10-23 16:11:42
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