State budgets are expected to fall severely short of needed revenue in 2011 and 2012, when the stimulus funds are gone. IRS collections are down 20% for 2009, and 2010 is not likely to improve. GM is still not likely to be profitable and will require additional bailouts. The green shoots of tenuous recovery will [...]
HSBC Launches Two Emerging Market Debt Funds in the U.S. HSBC Global Asset Management Inc. today announced it has launched two new emerging market debt open-end mutual funds . The HSBC Emerging Markets Debt Fund invests primarily in U.S. dollar denominated fixed income instruments of emerging market issuers and the HSBC Emerging Markets Local Debt [...]
Budget workshop breaks down Mansfield funds By: Kimberly Wilson A Mansfield town budget workshop was held yesterday at 6:30 p.m. in the Mansfield Public Library. The meeting focused on the budgets for various town departments, organizations and facilities. … Read more on The Daily Campus
Norway Caps Junk-Graded Debt Investment as Wealth Funds Grow More Cautious Norway’s government will require the country’s $520 billion oil fund to limit investments in junk- rated debt amid growing concern peripheral Europe’s fiscal crisis may be escalating. Read more on Bloomberg
There have been many reports and debates about the federal stimulus deal, benefits plus negatives connected with it. Whilst some of them discover it genuinely beneficial, some argued, that the federal government planned bail out was squandering taxpayers dollars. Where would be the accountability of using a responsible citizen’s tax to bail out someone that [...]
USA Funds Recognizes Student Loan Debt Management Efforts of Four Schools USA Funds®, the nation’s leading guarantor of federal student loans, has announced the recipients of its 2010 Excellence in Debt Management awards. USA Funds has recognized the following four postsecondary institutions for their efforts to promote financial literacy and help their students minimize and [...]
In case you just want to get out of personal debt and take advantage of Obama’s personal credit debt relief program then there has certainly not been a much better time to try and do so. A mixture of government stimulus dollars together with a widespread fear among the bulk of credit card companies [...]
Funds and Goldman Deny Acting Improperly on Greece Several hedge funds named last week in the Greek press have denied shorting the country’s debt, while others declined to comment. Read more on New York Times
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