10/20/2014 (1:20 am)

European Leaders Pivot to Debt Crisis After Wake-Up Call - Bloomberg

Filed under: Homebuilders, loans |

European leaders jolted by the sudden return of debt-crisis turmoil will gather for talks in Brussels this week as they attempt to restore investor confidence in the euro area.

After a week when European stocks went into meltdown, leaders including German Chancellor Angela Merkel and French President Francois Hollande will meet for a two-day summit beginning Oct. 23 with the region

10/11/2014 (10:44 pm)

Government committed to girls

Filed under: USA, loans |

OTTAWA—In a statement marking the International Day of the Girl Child, Prime Minister Stephen Harper says Canada is committed to giving girls a strong foundation to succeed in life.

Harper says the government is promoting the rights of girls in a number of ways, including initiatives that deter violence, sexual exploitation and cybercrimes.

Internationally, Harper says Canada continues to make significant contributions by supporting efforts that promote access to education, nutrition and health services.

The prime minister says that in too many places around the globe, girls are still denied access to quality education, nutrition and health services.

And he calls Canada a global leader on maternal, newborn and child health.

Source

10/03/2014 (8:04 pm)

Merkel Says She

Filed under: finance, loans |

German Chancellor Angela Merkel said she won

09/20/2014 (9:44 pm)

Julio Suarez Picked to Lead Guatemala

Filed under: loans, online |

Guatemalan economist Julio Suarez was tapped to lead the country

08/21/2014 (4:28 am)

U.S. rescue mission in Syria failed earlier this summer

Filed under: USA, loans |

WASHINGTON—Amid global revulsion over the beheading of an American captive in Syria, the White House revealed Wednesday an audacious rescue attempt deep inside enemy territory earlier this summer ended in failure.

“Dozens” of U.S. soldiers shot their way into an undisclosed Syrian location in a Special Forces mission reminiscent of the raid that captured Osama Bin Laden, Pentagon sources confirmed.

But after killing several Islamic State fighters and sustaining one minor injury of their own, the American raiders came away empty-handed because no hostages were present.

White House officials confirmed the rescue attempt but declined to provide additional details, citing “the need to protect our military’s operational capabilities.”

The rescue attempt “should serve as another signal to those who would do us harm that the United States will not tolerate the abduction of our people and will spare no effort to secure the safety our citizens and to hold their captors accountable,” the White House said in a statement attributed to Homeland Security and Counterterrorism adviser Lisa Monaco.

The disclosure came as U.K. and U.S. investigators scoured digital clues in an effort to identify the British-accented executioner of American photojournalist James Foley, whose videotaped beheading continued to send shock waves.

The Guardian, citing unnamed sources, reported the killer was known as “John,” the de facto leader of three British jihadists known to Foley and other hostages as “The Beatles” because of their British accents.

British Prime Minister David Cameron cut short a holiday, saying he was “deeply shocked” and urged “patience” as Scotland Yard works to unravel the role of possible British passport-holders in the grisly killing in Syria.

Obama interrupted a vacation in Martha’s Vineyard to condemn Foley’s murder, saying, “No faith teaches people to massacre innocents.

“ISIL has no ideology of any value to human beings,” said Obama. “They may claim out of expediency that they are at war with the United States or the West, but the fact is they terrorize their neighbours and offer them nothing but an endless slavery to an empty vision, and the collapse of any definition of civilized behaviour personal loans for bad credit.”

With U.S. air strikes intensifying near the Iraqi city of Mosul — at least 14 more aimed at halting the march of the rampaging Islamic State fighters since the gruesome Foley video emerged online Tuesday — concern deepened for a second U.S. hostage, Time magazine freelancer Steven Sotloff.

Obama made no mention of Sotloff, who was shown in the same video as Foley as next in line for execution if the U.S. does not halt air strikes.

Foley’s bereaved parents, meanwhile, braved a media throng outside their home in Rochester, N.H., to praise their son as “the best of America” and to plead for mercy on behalf of Sotloff and other hostages.

John Foley said his son was “courageous to the end.” But in speaking earlier Wednesday with Obama, the elder Foley said he urged the president to “do whatever he could possibly do” to save the lives of Sotloff and others.

The family had held out hope for a breakthrough in the latter part of their son’s 444 days in captivity and was considering a fundraising drive to buy his freedom. But a week before his murder, hope faded with the arrival of an email from Islamic State intermediaries announcing the intention to kill their son.

Foley’s execution also is shining rare light on the murky world of kidnap negotiations and the mismatched ransom policies that see American hostages perish while others, including four French and two Spanish journalists released by Islamic State extremists in April, go free in exchange for large sums of cash.

David Rohde, a former New York Times journalist who managed to escape his Taliban captors without any exchange of money, called Wednesday for an end to secrecy over ransom payments.

“The payment of ransoms and abduction of foreigners must emerge from the shadows,” wrote Rodhe. “It must be publicly debated. American and European policymakers should be forced to answer for their actions.”

Source

08/14/2014 (3:28 pm)

Applications for US unemployment benefits increase to 311k; averages at pre-recession levels

Filed under: economics, loans |

WASHINGTON (AP) — Applications for US unemployment benefits increase to 311k; averages at pre-recession levels.

Source

06/28/2014 (4:49 pm)

US stock futures head lower

Filed under: USA, loans |

NEW YORK (AP) — US stock futures dropped Friday, putting the stock market on track for a weekly loss. Stocks have pulled back from record levels this week amid some weak economic reports.

KEEPING SCORE: Dow Jones industrial average futures are down 32 points at 16,730 shortly before the opening. Standard & Poor’s 500 index futures are down five points at 1,944, while Nasdaq 100 futures are down five points at 3,812.

FORECAST CUT: DuPont dropped $1.53, or 2.3 percent, $66.06 in premarket trading after the company cut its profit forecast because of weaker sales of corn seeds. The company said late Thursday that corn seed sales are down in the second quarter, and seed inventory write-downs were larger than it expected.

THE BUSINESS OF SPORT: Nike gained $2.04, or 2.7 percent, to $78.93 in premarket trading stock after reporting earnings late Thursday that exceeded the expectations of Wall Street analysts cheapest personal loan rates. The company is also currently getting prolonged and global exposure at the World Cup.

WORLD MARKETS: Asian indexes closed lower. In Europe, France’s CAC 40 was flat at 4,441.54 in afternoon trading while Germany’s DAX edged up 0.1 percent to 9,818.61. The FTSE 100 index of leading British companies rose 0.2 percent to 6,748.47.

BONDS AND TREASURIES: Bond prices rose, pushing Treasury yields lower. The yield on the 10-year note fell to 2.52 percent from 2.53 percent on Thursday. The price of oil rose 25 cents, or 0.2 percent, to $106.64 a barrel.

Source

04/29/2014 (2:10 pm)

Deadly GM switch may spell demise of ignition keys

Filed under: loans, news |

SOUTHFIELD, Mich. • The furor over General Motors’ deadly ignition switch has the potential to doom the car key, a technology drivers have been using for 65 years.

Testifying before Congress this month, GM Chief Executive Officer Mary Barra said the recall of 2.59 million affected cars may prompt the company to make push-button start standard in all its vehicles. The shift by the largest U.S. automaker would hasten a technological evolution that started with the hand-crank starter more than a century ago, before Chrysler introduced the keyed ignition across its lineup in 1949.

Push-button start, which showed up in Mercedes models in the late 1990s, is now an option in 72 percent of 2014 cars and trucks in the U.S., according to Edmunds.com. In a survey conducted by auto researcher AutoPacific, consumers ranked the technology the fifth most coveted upgrade for $100 or less. This month the New York auto show used a push button as its logo.

“People really see the push button as a convenience and a luxury feature,” said Bill Visnic, senior editor at Edmunds.com. “The ignition switch is a very fussy, electro- mechanical part that’s seen as less reliable.”

Drivers were complaining about key ignitions long before GM discovered switches in the Chevrolet Cobalt and Saturn Ion could slip out of the “on” position, shutting off the engine and disabling air bags life insurance. The defective part has been linked to at least 13 deaths.

The National Highway Traffic Safety Administration has logged more than 18,000 complaints about key ignitions, according to a Bloomberg News analysis. They involve multiple models and carmakers and range from keys getting stuck, vehicles stalling at high speeds and even cars starting on their own.

GM’s faulty key ignition is fairly typical of the flaws cataloged by NHTSA over the years. The key could be inadvertently jarred by a knee, uneven road or weighed down by a heavy key chain. GM is under investigation because it waited more than a decade to recall the affected cars.

The recalled Chevrolet Cobalt and Saturn Ion models don’t in fact top the list of ignition-related complaints in the NHTSA database. That distinction goes to Ford’s Focus, which garnered more than 2,000 complaints about keys getting stuck or not turning, primarily in models from 2000 to 2005. Because Ford decided the flaw didn’t imperil drivers, the company declined to recall the cars and instead alerted dealers to the problem so they could fix it.

“There was no safety risk, as this could only occur when the car was parked and the driver shut off the engine and tried to remove the key,” Kelli Felker, a Ford spokeswoman, said in an e-mail.

Automakers have recalled about 21 million vehicles for issues related to the keyed ignition switch, including more than 8.8 million from Ford, 5.5 million from GM, 3.5 million from Honda and 1.6 million from Chrysler and its predecessors.

“The biggest weakness for the key has always been that it was a rotating device, if you weigh it down, you can wear it out,” said John Wolkonowicz, an independent auto analyst, who acknowledges replacing an ignition switch in a 1980s GM model after loading down the key ring with about 25 keys.

Push-button start has few moving parts and simply sends an electronic signal to the engine. The button works only if the driver brings a small remote unit, such as a keyless fob that also locks and unlocks the doors, into the vehicle.

The push-button system may be a boon as Americans age because it doesn’t strain the wrist like turning a key, said Karl Brauer, a senior analyst with auto researcher Kelley Blue Book, who said that was a frequent complaint among disabled drivers he’s interviewed about making cars easier to drive.

Not that push-button start is trouble-free.

In 2009, a police officer couldn’t shut off a button-start Lexus ES 350 after a floor mat got wedged in a pedal. He and three others died health insurance tennessee. That model required the driver to hold the start button down for as long as three seconds to stop the car. In 2011, NHTSA proposed a new standard of a half-second hold. The Society of Automotive Engineers recommends a range of a half-second to two seconds.

The agency also proposed giving drivers an audible warning if they exit a car without turning the engine off. In several cases, drivers mistakenly started their parked cars in enclosed garages, sometimes leading to a deadly build-up of carbon monoxide. In one such incident in 2010, a Florida woman died and her boyfriend was seriously impaired.

Getting used to new technology always takes time, said Visnic of Edmund’s.com. He recalled stopping by his house to drop off his gym bag and leaving the car running outside. It was only later when he tried to restart the vehicle that he realized he’d left the starter fob in the gym bag.

“We’re asking people to unlearn something which was developed over generations of habit,” he said: “You turned the key and it started or stopped.”

Source

Next Page »