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The way forward for T&T - Trinidad ExpressIn my previous address to you, I promised to bring you up-to-date on the adjustments that the Government will make to deal with our shortfall in revenue arising from the present difficulties in the international economy. Background Before going ...
The Coming Recession - Reason.comAs this issue of reason goes to press, the dollar is at a record low against the euro, oil is more than $100 a barrel, consumer prices are up 4 percent from a year ago, and Federal Reserve Chairman Ben Bernanke is cutting interest rates so often that ...
Hoboken's 47% Tax Rise Sparks Exodus Talk in Manhattan Option - BloombergDec. 1 (Bloomberg) -- The blue property tax bill Andrew Sapira received in the mail last month from Hoboken, New Jersey, has him questioning whether the city billed as a lower-cost alternative to Manhattan is worth it. A state monitor, installed ...
For car dealers, tight credit is fueling a 'catastrophe' - USA TodayDETROIT — They may be folks you love to hate, but it's hard not to have sympathy for car dealers these days. These business owners are manning the bucket brigades in an auto industry meltdown. "Things are going disastrously," says Ray Ciccolo ...
More fun with subprime and credit cards - SalonAt the group blog Credit Slips, Harvard Law School professor Angie Litwinn makes some good points about the news, highlighted here yesterday, that credit card companies have been aggressively targeting subprime borrowers over the past year. First ...
The End of Credit Card Consumerism - US News and World ReportWhen it comes to longevity, few royals can top America's King Consumer. For more than four decades, our shopaholic nation has shown an insatiable desire to spend until our credit cards melt. And throughout this era, consumer spending has, well ...
Low metro property values have broad impact - Atlanta Journal ConstitutionTumbling real estate values in metro Atlanta will cut both ways in coming months, with many property owners likely due substantial tax breaks at the expense of already cash-starved local governments. Local officials fear the impact of what has so far ...
U.S. Stocks Tumble, S&P 500 Drops to Lowest Level Since 2003 - BloombergOct. 22 (Bloomberg) -- U.S. stocks sank and the Standard & Poor's 500 Index dropped to the lowest level since April 2003 on concern a worsening global economic slump will damp profits. Exxon Mobil Corp. tumbled 9.7 percent and Freeport-McMoRan Copper ...
Is the era of easy credit over for the long haul? - AZCentral.comAn inflatable gorilla beckoned from the roof of Don Brown Chevrolet in St. Louis, servers doled out free bowls of pasta and a salesman urged potential customers to "come on up under the canopy and put your hands on" a new set of wheels. But sitting ...
I would add that when you buy "JUNK you get JUNK back" - Globe and MailIf I had a million lobsters from Halifax, Canada writes: The Lehman situation cost Scotia $170-million because of a failed settlement and losses as the bank tried to unwind trades in slumping markets after Lehman filed for bankruptcy. The bank also ...
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