June, 2010
Cash advances given to Canadian flood victims
In Maple Creek, Saskatchewan, Canada, flood victims are already seeing cash advances from the government to help with cleanup. The Provincial Disaster Assistance Program is funding this payday cash. Estimates of the amount of damage from the Maple Creek floods are just now being put together, but the residents are already cleaning up.
Highways overflow with ...
Citgo has bond sale fails and turns to bank loans
Given the BP oil spill disaster, it is no surprise that oil-refining company Citgo is having problems getting financing. The company wanted to raise $ 1.5 billion by selling bonds. However, the business they are in along with the fact that the company is "exposed" to Venezuela made this sale a flop. Now, the company ...
America seems to owe North Korea $ 65 trillion, says Kim Jong-Il
Reparations payments have been an inseparable part of post-war recovery for centuries, and now North Korea's Kim Jong-Il wants a piece of the pie. It was reported by the Australian Broadcasting Company that North Korea is demanding – not suggesting; demanding – that the United States pay nearly $ 65 trillion U.S. in reparations for ...
Fannie Mae wants to defer strategic default with consequences
Fannie Mae upped the ante on strategic default of home mortgages Wednesday, saying that borrowers who default in spite of having ability to pay or do not seek alternatives in good faith won't be eligible for a new Fannie Mae-backed mortgage for seven years from the date of foreclosure. Home foreclosures and strategic defaults are ...
Cap and trade definition threatens passage of climate change bill
Cap and trade, by definition, is an anchor of the climate and energy bill under current debate in Congress. The cap and trade definition is elusive to most individuals not directly involved in utilities, petrochemicals or the manufacturing business. To understand cap and trade, think of it as a system intended to create and regulate ...
