Govt to cover Garuda's debts

The protracted row about the long overdue debt owed by the national flag carrier Garuda Indonesia to Bank Mandiri took a step towards resolution Friday when government announced it will cover the major part of it.As the sole shareholder of the airli ... [more...]

Date: 2009-09-26 05:23:49

Blog posts (7) | Videos (10)
 

Quote of the Week: On the new stimulus/bailout

"It's like you have a swimming pool, and you try to increase the height of the shallow end by taking buckets out of the deep end. It's foolhardy."George Mason University economics professor Walter WilliamsNational debt clock/counter: What do you owe?http://www.brillig.com/debt_clock/About the US National Debthttp [more...]

Date: 2009-01-08 14:06:00

Commentary: King paved the way for Obama

Clarence B. Jones, CNN - Next week, the day after our national holiday commemorating the 80th birthday of Dr ... and institutional racism in the United States. America owes a great debt to Dr. King. Prior to him, our nation [more...]

Date: 2009-01-16 02:40:01

Scammed? Let's Talk [PSAs]

Looking for sources for an article I'm working on for a major national magazine.Have you gotten a phish email recently trying to exploit the financial crisis?Has a fake debt collector called you and threatened with jail time for a debt you don't owe?Have you been the victim [more...]

Date: 2008-10-14 02:51:18

Scammed? Let's Talk [PSAs] (pfblogs.org)

Looking for sources for an article I'm working on for a major national magazine.Have you gotten a phish email recently trying to exploit the financial crisis?Has a fake debt collector called you and threatened with jail time for a debt you don't owe?Have you been the victim [more...]

Date: 2008-10-14 03:04:06

National Amusements' Lenders Look the Other Way

There’s an old saying that says if you owe a bank a thousand dollars they own you but if you owe them a billion, you own them ... in debt obligations due to be repaid Friday. The bill wasn’t paid. Instead, the 15 lenders provided [more...]

Date: 2008-12-21 19:53:28

Corruption charges prompt Congo to lobby Congress

In the past few years a handful of private equity or hedge funds have garnered a reputation as “vulture funds,” a term coined to describe companies that profit from the debt of extremely poor countries. The hedge funds buy defaulted debt for pennies on the dollar, then sue them later for the full amount owed in U.S. and European courts. Both in 2008 and earlier this year, members of Congress introduced bills to protect these debtor nations from lawsuits. [more...]

Date: 2009-09-18 19:08:25

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