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The emotional side of Atlanta’s budget crisis was on display Tuesday night, as dozens of former city employees whose jobs have been eliminated since last week complained during a public hearing.
"What do I do now?"35-year city employee Eugene Wallace asked members of the city council. "I lose my house and everything else… […]
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China will stick with a “tight'' monetary policy as the nation faces increasing pressures of inflation and over-investment amid global market turmoil, said central bank chief Zhou Xiaochuan.
China needs to correctly handle the “pace, focus and magnitude of macro-economic controls to avoid large fluctuations and maintain stable and relatively fast economic growth,'' Zhou, […]
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Houston Texans founder Bob McNair is set to make another multimillion-dollar gift to the University of South Carolina, his former alma mater.
The university said Friday that McNair will boost funding for a scholarship program that bears his name to $30 million. In 1998, McNair and his wife, Janice, gave $20 million to establish […]
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Malaysian Central Bank Governor Zeti Akhtar Aziz said the country's interest rates are at an “appropriate'' level to promote growth and other measures could be used to cool inflation.
“We aren't having any major issues except for rising prices that mainly emanate from rising costs and this is something that we have to […]
Prime minister Gordon Brown said today banks have the responsibility of passing on Bank of England (BoE) rate cuts to the wider public.
‘Society and banks have a duty to take that (the BoE’s quarter point rate cut to 5.50 pct last month) into account,’ he told reporters.
For his part, Chancellor of the Exchequer Alistair Darling […]
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NON-conforming home loan lenders are considering hiking interest rates on their variable rate products even further in the new year to offset the cost of the credit crunch, an aggregator says.
Many non-bank lenders rely on generating their funding from securitised debt markets, which are still frozen overseas and barely active in Australia as the cost […]
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Utah Attorney General Mark Shurtleff and Francine A. Giani, Executive Director of the Department of Commerce, announced today that 1,770 Utah consumers will soon be getting refund checks from a national settlement agreement with Ameriquest Mortgage. “This has been a long battle to make sure Ameriquest borrowers get some restitution. The fight has been worth […]
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Janata Bank will not charge interest on loans for six months and will make available Tk 255 crore loan facilities for farming and income-generating activities in cyclone Sidr-hit rural areas.
The interest benefit will be applicable to both on new and outstanding farm and non-farm loans, a high official of the state-run bank said yesterday.
According to […]
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