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Minister says U.N. unfit to lead poverty fight - Reuters UK
LONDON (Reuters) - A British minister sharply attacked the United Nations on Thursday, saying the organisation was not fit to lead the world's drive to eradicate poverty. The criticism is telling because Britain is one of the biggest funders of the ...

Babcock Rescue Loan May Be Boon for Banks, Not Shareholders - Bloomberg
Dec. 4 (Bloomberg) -- Babcock & Brown Ltd. today received a A$150 million ($97 million) loan, giving the troubled Australian investment manager more time to sell assets and boosting its bankers’ chances of recouping A$3.1 billion of debts. Babcock ...

Babcock Loan May Be Boon for Banks, Not Shareholders (Update1) - Bloomberg
Dec. 4 (Bloomberg) -- Babcock & Brown Ltd. today received a A$150 million ($97 million) loan, giving the troubled Australian investment manager more time to sell assets and boosting its bankers’ chances of recouping A$3.1 billion of debts. Babcock ...

New Orleans home-loan program builds slowly - New Orleans Times-Picayune
After months of dickering and false starts, the centerpiece in New Orleans' strategy of clustering people in viable neighborhoods is finally off the ground with forgivable loans for first-time homebuyers. A handful of low- to moderate-income families ...

Mariner hits stormy waters - The Age
As the Babcock & Brown executive desperately negotiates a lifeline with its bankers half-way up Chiefley Square, at the very top level of the ritzy office tower another boom-time asset shuffler is careering towards the rocks. Like Babcock, Mariner ...

Saved by the loan arranger - The Sun
GORDON Brown’s mortgage rescue package is a masterstroke. It will give help to thousands at the very moment they need it. This is a far more productive use of government money than frittering away billions on state jobs which aren’t needed. The ...

Boom and bust: tragicomedy with a touch of farce - The Age
I ONCE acted in what has been described as "the most significant play of the 20th century" — Samuel Beckett's Waiting for Godot . The tragicomedy is based on the premise of two people with nothing to do but fill in time with empty discussion while ...

Trickle-Down Economic Duress - Inside Higher Ed
The financial headlines out of Washington and Wall Street could not be scarier, with words like “collapse” and “crisis” and “failure” spilling out of news reports to an extent not seen in decades. (Analysts are expressing widespread hope ...

UK mortgage holiday 'could help only 9,000' - Times Online
A scheme to cut house repossessions by offering struggling homeowners a mortgage holiday of up to two years is only expected to help about 9,000 people, Margaret Beckett, the Housing Minister, said today. That figure represents only a small fraction ...

Taxpayers' mortgage guarantee - bbc
Gordon Brown has just announced a scheme which he hopes will lead to significantly fewer repossessions next year than the 75,000 currently expected by the CML. It's an attempt to provide assistance for two years to those families which suffer a fall ...



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