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$8.5 Trillion and Counting - Reason.comThe L.A. Times on Sunday updated the numbers on 2008's historic (and historically awful) round of bailouts, and came out with a shiny new figure: $8.5 trillion . It's a useful piece of journalism, so I almost hate to complain, but the lead-paragraph ...
Latvia reassures on bank amid fear of new crisis - Guardian UnlimitedRIGA, Nov 9 (Reuters) - Latvia is to give second-largest bank Parex a $361 million injection of funds after the state took it over at the weekend, making it the first victim of the global financial crisis in the Baltic state, officials said on Sunday ...
Emerging Market Debt Costs Jump in Week, Hastening IMF Bailouts - BloombergNov. 21 (Bloomberg) -- Developing nations' borrowing costs rose the most in a month this week, hampering the ability of governments to refinance $1.2 trillion of short-term debt and hastening appeals for international bailouts . The extra yield ...
Carlsberg Cuts Forecast, Will Close British Brewery (Update3) - BloombergNov. 5 (Bloomberg) -- Carlsberg A/S , the Nordic region's largest brewer, lowered its full-year earnings and sales forecast and said it will cut jobs and close a U.K. plant amid ``deteriorating'' markets in northern and western Europe. Sales this ...
Latvia says bank works normally after govt rescue - ReutersRIGA, Nov 10 (Reuters) - Parex, Latvia's second-largest bank which the government took over at the weekend after a run of withdrawals, was working normally on Monday, officials said, though people continued to take money out. Parex is the first ...
Lithuania-same fate as Iceland? - Baltic TimesVILNIUS- Lithuania's future prime minister and chairman of the winning Homeland Union Andrius Kubilius warned that the government’s deficit may reach six billion litas (1.739 b euro) in 2009. Failure to shrink this debt may put the country at ...
Europe's financial crisis is spreading eastward - Christian Science MonitorBerlin - A rapidly mounting currency crisis within Eastern Europe is threatening to spill across the wider European Union, an event that could spark a second epicenter in the global financial crisis, economists say. That's why the International ...
Gazprom CEO says foreign cash available - paper - ReutersVIENNA, Oct 30 (Reuters) - Russian gas export monopoly Gazprom (GAZP.MM: Quote , Profile , Research , Stock Buzz ) is not worried by its financial position and can use more credit lines from foreign banks if needed, its chief executive was quoted as ...
Economic Problems Threaten Central and Eastern Europe - BusinessWeekFirst, the financial crisis hit the U.S. Second, the fallout made its way across the Atlantic to Europe. Now, the credit crisis has its sights set on Central and Eastern Europe (CEE) — to date, the fastest growing region of the Old World. Yet this ...
Which country will slither down the slippery slope next? - The IndependentThe threat of a worldwide recession leaves many other countries fearing for their future financial and economic strength. Simon Evans, Mark Leftly and Jesse Loncraine assess the health of 16 states on the 'at risk' list No country in the world ...
Today's Mortgage Terms starting with J
Jumbo Loan: A mortgage over the $300,700 limit established by the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation. A jumbo mortgage tend to carry a higher interest rate than a conventional mortgage.
Junior Mortgage: A mortgage subordinate to the claim of a prior lien or mortgage. In the case of a foreclosure, a senior mortgage or lien will be paid down first.
View all Terms