820 Shasta County parcels in tax default; $3M owed for 2009-10, county reports
By David Benda The Gaia, a "green hotel" that opened in Anderson in 2008, is among more than 800 properties in Shasta County in tax default. Owned by Atman Hospitality Group Inc., the 122-room hotel on the Sacramento River near the Riverside ...
Senior IMF Economist Expects Hard Default For Greece. Soon.
According to a senior IMF economist who wasn't identified, Greece will likely face a “hard default” well before March 2012. It could happen during 2011, and perhaps after the current round of negotiations. This acknowledgement from someone very close ...
Veolia Environnement 5-year Credit Default Swap rises above Moving Average ...
Waste Management World
Veolia Environnement 5-year Credit Default Swap (VIE.FR) has risen above its trend. The 200-day moving average spread (MAS) was 98.06 basis points. The spread to 200-day MAS ratio is 1.82, a bearish indicator. In the past 200 days this ratio has ...
German website creates two-click Like button, Facebook not amused
In other words, they are not active by default; if you don't click anything, Facebook can't track your visit to Heise. After the first click, Heise performs an AJAX call and inserts the Facebook Like button dynamically. The necessary Facebook scripts ...
Novelists Predict Future With Eerie Accuracy
New York Times
By JOHN SCHWARTZ Last year, he had described, in his dystopian comic novel “Super Sad True Love Story,” a near future world in which economic chaos followed the United States' default on its debt, and Chinese creditors scolded America for its ...
Big retail property subject of foreclosure lawsuit
The entire property was attached to the mortgages as collateral along with a receivership agreement that directs all rents to the lender in the case of borrower default. Default began on July 27, 2010, and the loans against the property remained in ...
Investors 'nervous' as big banks raise capital
Fear among investors appears to be growing as reports surface that some of the biggest banks may be in trouble and need to raise more capital if another financial crisis is sparked by continuing problems in Europe and a softening US economy. ...
Things Look So Bad They Can Only Get Better
Lower even than they were at the end of 2008, when the market was priced to years of deflation, a global depression, the default of as many as half the companies in the country within the next 5 years, and a global financial collapse. Wow. ...
Europe's Debt Crisis Fuels Civil Resistance
When the world financial crisis erupted in 2008, most Western states resorted to lending massive amounts of money to save their tottering banks. Whereas previous to the crisis states belonging to the Euro zone were obliged to keep budgetary deficits ...
Greek central bank provided emergency funding to banks
"Since the beginning of the fiscal crisis, as part of the Eurosystem, Bank of Greece is providing significant support to the liquidity of the banking system," Provopoulos said in an interview with Sunday's Kathimerini newspaper. ...
Fed's 'solution': Continue with the problem
Recently, former Federal Reserve Chairman Alan Greenspan appeared on “Meet the Press” in an attempt to reassure the American people that there was no chance that the federal government would default on the public debt. Far from being reassured, ...
Euro crises Euro bonds may be the final solution
“The more influence from the political side, which is the case now, after the increase, it will definitely not have the speed of avoiding contagion in the future.” He further said, in the end, the final solution would definitely be that there are euro ...
Iceland Welcomes China Ties After Abandonment by West, FT Says
By Kevin Crowley - Sat Sep 03 11:55:49 GMT 2011 China and India helped Iceland following itsfinancial crisis while the US and Europe abandoned the country, Olafur Ragnar Grimsson, Iceland's president, said in an interview with the Financial Times. ...
Dartmouth firm sues over loan program
By JOANN ALBERSTAT Business Reporter A Dartmouth company is suing the Toronto firm that administers the federal student loan program, alleging it copied a system designed to help reduce default rates. The Canadian Financial Wellness Group Inc. filed ...
World Bank's Zoellick Says Sovereign Debt Crisis Threatens Euro
“The financial crisis in Europe has become a sovereign debt crisis, with serious implications for the Monetary Union, banks and competitiveness of some countries.” European sovereign default risk rose to a record yesterday after a report showed ...
Probe Delays Huttenlocher Hedge Fund Launch
Wall Street Journal
In 2008, the Highbridge Asia fund suffered a roughly 30% loss by the end of October—worse than most hedge funds amid the financial crisis—prompting clients to request withdrawals for about 55% of the Asia fund's assets, say people familiar with the ...
Senior IMF Economist Expects Hard Default For Greece. Soon ...
According to a senior IMF economist who wasn't identified, Greece will likely face a “hard default” well before March 2012. It could happen during 2011, and perhaps after the current round of negotiations. This acknowledgement from someone ...
Game Over? Senior IMF Official - "I Expect A Hard Greek Default ...
By Tyler Durden
"I expect a hard default definitely before March, maybe this year, and it could come with this program review," said a senior IMF economist who is keeping close tabs on the situation. "The chances for a second program are slim." It is not only ...
Cheney book: McCain's response to financial crisis was 'risky' - Los ...
Sen. John McCain's attempt to suspend his presidential campaign to deal with the financial crisis in the fall of 2008 stunned many in the White House and struck ...
Biden Tells China US Will Never Default - CNBC
U.S. Vice President Joe Biden on Sunday rejected views that American power is waning and said Washington would never default, wrapping up a China visit ...