Latin America – Chevron sues Ecuador under international trade law (AP via Yahoo! News)

Chevron sues Ecuador under international trade law (AP via Yahoo! News) Chevron Corp. sought Wednesday to force the government of Ecuador into international arbitration for alleged trade violations, an apparent effort to protect itself against a feared negative ruling in a $27 billion lawsuit over environmental damage. Chevron seeks Ecuador liability in pollution case (AP via Yahoo! News) Chevron Corp. [more...]

Date: 2009-09-24 18:00:06

Blog posts (99) | Videos (14)
 

Wednesday wrap

SEIU radioactive? ... The reported ties between Illinois Gov. Rod Blagojevich and the nation's largest labor union continue to be ad fodder for organizations wary of a pro-labor agenda item that looms as one of next year's brewing legislative showdowns. The pro-business issue group, Americans for Job Security (AJS) [more...]

Date: 2008-12-17 11:30:00

Credit Card Day of Reckoning This Thursday?

Most of us are painfully familiar of the tendency for credit card issuers to try and screw us in any and every way possible, ... card (like, say, your interest rate…) if you default on another, completely non credit card related ... all are expected to act on Thursday. Consumer groups say practices of credit card companies blindside [more...]

Date: 2008-12-15 03:05:04

Ecuador's Debt Default: Exposing a Gap in the Global Financial Architecture

Neil Watkins and Sarah Anderson | December 15, 2008 Editor: Emily Schwartz Greco Foreign Policy In Focus www.fpif ... people got stuck holding the bag. Over the years, the country has made debt payments that exceed ... reschedulings, conversions, and some further borrowing, Ecuador's debt has risen to more than $10 billion [more...]

Date: 2008-12-17 04:01:00

The Night that the Lights Went out in Moscow

The Moscow Times reports: A senior government official angrily called up Dominique Fache, the Russia manager for Italian utility giant Enel, ... industry is mired in debt linked to unpaid consumer bills and the multibillion-dollar investment ... ($1.1 billion) in the fourth quarter to refinance debt, Mikhail Slobodin, the president [more...]

Date: 2008-11-22 03:19:44

SHAPIRO: The card-check deal

I recently received an email asking if we would be willing to post this guest commentary on EFCA - The Employee Free Choice Act - sometimes known as Card Check. This is the law that would allow unions to set up new unions without the use of a secret ballot. Worse is the insertion of Government into the arbitration process if the new union [more...]

Date: 2009-01-05 01:06:26

KLCI gains 0.9pc (17.12.2008)

MALAYSIAN shares closed 0.9 per cent higher today in tandem with regional bourses after the US Federal Reserve cut interest rates to almost zero, dealers said.The Kuala Lumpur Composite Index rose for a second day, gaining 7.70 points to 862.50, the highest close since November 28.Forty-seven stocks climbed and 33 fell on the 100-member measure [more...]

Date: 2008-12-17 11:52:00

Gazprom cuts gas deliveries via Ukraine

Gazprom has reduced deliveries of natural gas for transit through Ukraine, which would affect Western European customers, ... deal for 2009 and debt repayments failed late on New Year’s Eve. Around 80% of Russia’s gas ... the shortfall by deliberately cutting deliveries to Europe. With Ukraine’s gas debt to Russia from 2008 [more...]

Date: 2009-01-06 08:42:51

The Winnowing: Dan Rosen

.fullpost{display:inline;}Dan Rosen's Rant Your Head Off predated us by a few days, but he was smart enough to avoid being daily, and to have a wider focus. The experience led to a book. The wisdom of being sporadic helped him avoid burnout, and the wider focus lets him evade the sell-by-date that came with our narrower interests [more...]

Date: 2008-12-30 19:00:00

What 2 Things Are The Main Reasons Why Credit Card Consolidation Should Be Considered?

Amazon.de Widgets Credit card consolidation is an excellent way to improve credit card debt both by simplifying the management of your debt and the more importantly the amount you will eventually repay.Credit card consolidation will undoubtebly help if you have many credit cards and are starting to lose control of both your repayment schedules and the amount you need to pay to each card provider. [more...]

Date: 2009-09-29 11:41:23

Quelle Surprise! Credit Card Companies Opposed to Proposed Regulation

Credit card companies, once having had Washington in the palm of its hand, is now facing a backlash as "gotcha" fees combined with a lot of Americans paying credit card rates that a generation ago would ... , a former loan shark, was in wonder of the credit card industry's practices. Said uncle did 15 years [more...]

Date: 2008-07-05 06:19:09

The Cold War: Gazprom ups the ante against Ukraine

The Russian gas standoff with Ukraine is now a week old and its impact is being felt across the continent ... hikes and $2 billion in debt repayments. Russia stopped gas shipments through Ukraine on New Year's ... has taken the decision to file a lawsuit with the Stockholm international arbitration court to force [more...]

Date: 2009-01-08 10:11:00

0% Balance Transfer Offer That I CAN Refuse

Normally I encourage people to take up 0% balance transfer offers and I wish I would get more offers myself ... . This is also known as credit card arbitration, which is how a lot of people made money off their cards ... leave myself the flexibility to get the money out without a penalty, in time to repay the credit card [more...]

Date: 2008-12-31 17:47:19

BizWeek: Leading Arbitration Firm Favors Creditors Over Individuals

scales In its cover story this week, BusinessWeek offers up a lengthy critique of the National Arbitration Forum, one of the nation’s largest arbitration firms. The story focuses on credit-card collection ... that NAF enlisted law firms with ties to credit-card companies to help NAF win business from creditors ─ [more...]

Date: 2008-06-10 08:45:00

California Health Reform Bills Closer to Governor’s Desk as They Pass Committees in Second House

•SB1522 to ban junk insurance passes Assembly Health Committee •AB1945 would impose new rules on insurers who cancel insurance policies •AB2967 to collect cost and quality data from medical providers passes By Hanh Kim Quach Health Care Policy Coordinator Health Access California Key bills of interest to health [more...]

Date: 2008-06-19 14:08:02

Ecuador cautiously studies refusal to pay debt

QUITO (AFP) — Ecuador is studying legal options available to refuse payment on "illegitimate foreign debt," ... dollars, or about one-third of its foreign debt, saying corruption and illegal activity contributed ... for all mechanisms that allow us to repudiate a debt that is absolutely illegitimate and corrupt [more...]

Date: 2008-11-24 03:32:00

More reactions to Bill Redpath’s list of Libertarian Party promises

There has been no shortage of reaction among libertarians to Bill Redpath’s list of Libertarian Party promises which he issued upon the occasion of the party’s 37th birthday last week. Earlier, we covered the reaction by Classically Liberal blog. At Delaware Libertarian, Brian Miller writes Introducing The New and Improved NeoConTarian Party ™: [more...]

Date: 2008-12-17 15:57:28

A new vote for property rights?

The Supreme Court refused on Monday, amid a flurry of orders, to reopen the heated controversy over the power of government to seize private property for a new economic development project, but owners of property appeared to have picked up a potential new ally on the Court. Justice Samual A. Alito, Jr [more...]

Date: 2008-06-23 16:03:12

That day in court

Arbitration opponents complain that mandatory arbitration clauses “deprive” consumers of a day in court ... at how well consumers do in court when it comes to debt collection: In the courtroom, the biggest ... In 2007, debt collectors obtained 60,699 default judgments where the accused debtor did not appear in court [more...]

Date: 2008-06-09 21:39:01

DrumBeat: November 20, 2008

Global Trends 2025: A Transformed World "Global Trends 2025: A Transformed World" is the fourth unclassified report prepared by the National Intelligence Council (NIC) in recent years that takes a long-term view of the future. It offers a fresh look at how key global trends might develop over the next 15 years to influence world events [more...]

Date: 2008-11-20 14:03:38

Ecuador's Conscientious Default

Glitch in the System By NEIL WATKINS and SARAH ANDERSONCounterpunch, December 23, ... people got stuck holding the bag. Over the years, the country has made debt payments that exceed ... reschedulings, conversions, and some further borrowing, Ecuador's debt has risen to more than $10 billion [more...]

Date: 2008-12-25 01:06:00

Reformers

by hilzoy John McCain, via MSNBC: "The crisis on Wall Street, my friends, started in the Washington culture of lobbying and influence pedaling and he was right square in the middle of it," McCain said, painting Obama as a Washington insider. "My friends, this is the problem in Washington. People like Sen [more...]

Date: 2008-09-21 16:18:06

Libertarian Party turns 37 years old today

Posted at LP.org Libertarian Party founded on Dec. 11, 1971 The Libertarian Party, America’s third-largest political party, is celebrating its 37th birthday. “Since we began in 1971, we’ve elected hundreds of Libertarians to public office across the country,” says Libertarian Party National Chairman William Redpath [more...]

Date: 2008-12-11 19:27:30

Central Asian News Update – (AFX UK Focus) 2009-09-23 08:53 UPDATE 1-Kazakh KMG EP buys PetroKazakhstan stake from parent (Interactive Investor)

(AFX UK Focus) 2009-09-23 08:53 UPDATE 1-Kazakh KMG EP buys PetroKazakhstan stake from parent (Interactive Investor) ALMATY, Sept 23 (Reuters) – Kazakh oil producer KazMunaiGas Exploration and Production (KMG EP) is buying a 33 percent stake in PetroKazakhstan, another upstream firm, from its parent, state energy firm KazMunaiGas. It will pay $100.5 million for the stake and assume the $831 million debt of PetroKazakhstan, KMG EP said in a statement on Wednesday. [more...]

Date: 2009-09-24 03:40:07

The Garrett, Watts Report (November 24, 2008)

To Our Clients, Colleagues and Friends,   · The FDIC estimated that Downey Saving’s failure will cost the deposit insurance fund $1.4 billion ... .  They reserve their right to go to arbitration, but it keeps them away from contingency lawyers where [more...]

Date: 2008-11-24 16:09:27

Stalled SAG-AMPTP Talks Resume; Agents Want To Help WGA On New Media Pay

Stalled SAG-AMPTP Talks Resume; Agents Want To Help WGA On New Media Pay SAG and the AMPTP met throughout Thursday and will continue meeting Friday, ... .  Meanwhile, I learned Thursday that at least two major agency heads want to help the WGA secure those unpaid ... over from the writers strike and, astonishingly, expect the big actors union to forgive [more...]

Date: 2008-11-21 09:25:14

Russia’s Assets in Germany to Be Auctioned Dec 17

The court in Germany has set the date for the auction to sell premises of former Soviet trade representation in Cologne in settlement of the ˆ4 ... . Pursuant to German laws, Russia may prevent the asset disposal by settling the debt. ... .9-million debt of Russia to businessman Franz Sedelmeier. For the first time, the RF assets [more...]

Date: 2008-09-30 14:02:00

Radical Reform for What Ails’ya

Incoming Speaker of the State House of Representatives Chris Donovan, “resisting a radical tag,” says about himself, “I’m a mainstream politician now ... of Sophie’s Choice: They can either raise taxes to liquidate the debt, or radically cut costs [more...]

Date: 2009-01-08 23:48:00

Saving Detroit: Is there corporatism in our future?

A question being asked is: Is crippling Honda and Toyota appropriate for leveling the field so that Detroit's big three can ... contract terms via binding arbitration) would "level the playing field," says Dem. Congressman Tim [more...]

Date: 2008-11-22 15:39:24

California Health Cancellation Bill Now Includes Key Patient Protections and Should be Passed by State Senate

By Jerry Flanagan Consumer Watchdog Earlier this week Assemblyman Hector Hector De La Torre agreed to four key amendments to ... in medical debt, insurers recently proposed a model policy solution designed to shield them [more...]

Date: 2008-06-26 12:38:35

Pros And Cons To Negotiating Debt Settlement

Are you drowning in debt and considering debt negotiation? Debt negotiation has a bad connotation but does it affect your credit that badly? There are pros and cons to debt negotiation and there are alternatives. Here are some things to consider which will help you decide if debt negotiation is right for you. First, you need to educate [more...]

Date: 2008-12-29 00:00:15

Saturday wrap

Bam to throw workers under the bus ... If Congress passes the EFCA, or "Card Check," as it is sometimes called, it will be stripping away a federally protected right to a private ballot from the hands of American workers - a right workers have held for more than 70 years [more...]

Date: 2008-12-13 11:30:00

Can I Still Apply For A Debt Consolidation Loan if I Have Bad Credit?

Amazon.de Widgets Borrowers who possess an unenviable bad credit score can be approved for debt consolidation loans. Debt consolidation loans can be either secured or unsecured and they will also quickly improve a credit score.Do you have a bad credit score and want to improve it?You can do so very easily by consolidating all your debts into a single debt. [more...]

Date: 2009-09-15 19:13:06

This Week In Securities Litigation (December 12, 2008)

This week, the Department of Justice brought another case alleging FCPA violations, again emphasizing its focus on the area. The Department also had more high profile criminal securities cases, including one charging the former Chairman of the NASDAQ Stock Market with securities fraud [more...]

Date: 2008-12-12 05:40:46

Cutting off supply of gas to Europe

On 23 December 2008, President Yushchenko said that more than $1 billion was paid by Ukraine to reduce its debt, while a part of the debt was restructured for January–February 2009. Gazprom denied that there is any [more...]

Date: 2009-01-07 13:22:20

January Window Transfer Speculation

The January transfer window is right around a corner and speculation is already ramping up about who will go going where ... Gillett are trying to refinance some debt that is due January 2nd. The problem they have is that the debt is that the two principal lenders, the Royal Bank of Scotland and Wachovia, are two [more...]

Date: 2008-11-19 15:32:12

Yulia Tymoshenko of Ukraine

Activism > Politics Summary. Yulia Tymoshenko, Prime Minister of Ukraine, was ranked in 2005 by Forbes Magazine as the third most powerful woman in the world. Tymoshenko was one of the leaders of Ukraine’s Orange Revolution that toppled a stagnant, corrupt regime. Biography [more...]

Date: 2008-11-21 22:48:17

Another Original LR Translation: Milov on the Gas War

Vladimir MilovA note from the translator: Russians can get clear information from a few remaining sources in their country ... not that this was even a debt to Gazprom but to intermediary companies. When the Ukraine agreed and set a payment [more...]

Date: 2009-01-13 11:48:46

Ternus delivers State of the Judiciary

Iowa Chief Justice Marsha Ternus -- the state's first female chief justice -- delivered the 2009 State of the Judiciary address to the Iowa Legislature this morning. In her two previous addresses before lawmakers, Ternus has successfully pressed for more help with juvenile courts and juvenile offenders [more...]

Date: 2009-01-14 21:19:26

We Get The Budget We Deserve

The California Budget has been unbalanced for almost half of the time it is enacted to provide funding for ... we don’t know our tax rates) or how much debt we will actually need to make up.  On the bright side [more...]

Date: 2008-12-27 21:45:29

“The root cause of the current economic crisis is the failure to deal effectively with unaffordable loans and unnecessary foreclosures,”

“The root cause of the current economic crisis is the failure to deal effectively with unaffordable loans and unnecessary foreclosures,” Nov 18, ... is the failure of wages to keep up with asset inflation, in turn caused by wage arbitration ... vastly overextended and unable to carry the accumulated debt. A toxic mixture whose creation [more...]

Date: 2008-11-18 19:24:19

Chinese Litigation: This Is The Way (Uh Huh) We Like It

By Steve Dickinson When we draft contracts in China, our foreign company clients usually instruct us to have the contract be governed by foreign law ... . In our initial drafting of this agreement, we provided that the agreement would be governed by Chinese law [more...]

Date: 2008-08-20 10:36:13

The good and the bad in Toledo's 2009 budget proposal

Mayor Carty Finkbeiner delivered a balanced budget proposal to Toledo City Council members last night, as he was required to do by law. It's a very lean budget with some good and some bad ideas. Below is the information provided to City Council, with my notes following [more...]

Date: 2008-11-16 16:24:17

Pros and Cons to Negotiate Debt Settlement

by Dillon Azungen Are you drowning in debt and considering debt negotiation? Debt negotiation has a bad connotation but does it affect your credit that badly? There are pros and cons to debt negotiation and there are alternatives. Here are some things to consider which [more...]

Date: 2008-12-20 22:02:23

Is a Due Process hearing mandatory?

Question: My HOA has filed a warrant in debt without any prior notice. I believe that there is a Code section that says something about the HOA having to inform me of their intent to file [more...]

Date: 2008-11-21 20:20:55

Yankees offer arbitration to no one.

It’s nobody. The Yanks were expected to offer arbitration to at least Pettitte and Abreu. It’s no one. If Pettitte (maybe) or Abreu (expected) ... . But they won’t spend it just to spend it. They’ll try to avoid arbitration where necessary and try [more...]

Date: 2008-12-01 23:27:41

Re: Re: The Limits of Pragmatism

Peter and Shmuel have remarked on the nature and extent of Barack Obama’s “pragmatism ... to pay off that debt. But it turns out that it is wildly unpopular with voters. A new poll shows 59 [more...]

Date: 2008-12-03 20:02:06

NEW YORK CITY LUXURY RESIDENTIAL MARKET IS FLATLINING

from CRAIN’S NEW YORK BUSINESS:January 13, 2009 5:59 AMBrooklyn housing market still sufferingAs the recession continues to wreak havoc on the city’s ... selling. Because the number of sales fell 42.7%, the overall market is likely settling [more...]

Date: 2009-01-15 04:30:24

2 Banks Will Buy Back $17 Billion in Securities

Hat tip to Movie Guy 2 Banks Will Buy Back $17 Billion in Securities August 6, ... . The investments are preferred shares or debt instruments with rates that reset regularly, usually every week [more...]

Date: 2008-08-10 15:16:23

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