Archive for November, 2009

Private Money Lenders, Private Money Lender - Tough times turning newspaper lenders into owners - The Associated Press

Monday, November 30th, 2009

Tough times turning newspaper lenders into owners - The Associated Press


The Associated Press
Tough times turning newspaper lenders into owners
The Associated Press
SAN FRANCISCO — Newspaper headlines have skewered money lenders for dubious decisions that stoked the recession. Now the financiers are starting to headline

and more »

Suicide-prone farmers from Vidharbha have not seen ‘Gabhricha Paus’ - Sify

Suicide-prone farmers from Vidharbha have not seen 'Gabhricha Paus'
Sify
by farmers in the drought-stricken region who have often resorted to consuming pesticides after being buried under debt from private money lenders.

and more »

Marathon Toxic-Asset Fund Said to Start Below Initial Target - Bloomberg

Marathon Toxic-Asset Fund Said to Start Below Initial Target
Bloomberg
Marathon, based in New York, completed its initial closing in the Treasury Department's Public-Private Investment Program with $400 million from private

and more »

Arab Emirates Move to Limit Crisis in Dubai - New York Times


Telegraph.co.uk
Arab Emirates Move to Limit Crisis in Dubai
New York Times
“The lenders should be part of the responsibility.” The extent to which the federation and its wealthiest member-state, Abu Dhabi, which has vast oil
The desert bubble has burstHa’aretz
uae's central bank offers supportSydney Morning Herald
Will Dubai Debt Crisis Crack Uber Bullish Stock Market Sentiment?The Market Oracle
Bloomberg
all 3,083 news articles »

No affect on Indian economy, only remittances will be affected: Pranab - Hindustan Times


The Money Times
No affect on Indian economy, only remittances will be affected: Pranab
Hindustan Times
Banks had waived off the debt, but we have to see the money borrowed from the private money lenders.†On Omar Sheikh posing as him and calling Pakistan
India Companies Say Dubai Exposure LimitedWall Street Journal

all 317 news articles »

The New Face of Structural Violence: How Land Policy and Practice is Driving … - Orissadiary.com

The New Face of Structural Violence: How Land Policy and Practice is Driving
Orissadiary.com
Lack of Institutional Credit and Issues with Private Money Lenders. In our state we have the Orissa Money Lenders Act, 1939, (modified in 1979) which

Tough times turning newspaper lenders into owners - The Associated Press


The Associated Press
Tough times turning newspaper lenders into owners
The Associated Press
SAN FRANCISCO — Newspaper headlines have skewered money lenders for dubious decisions that stoked the recession. Now the financiers are starting to headline

and more »

Suicide-prone farmers from Vidharbha have not seen ‘Gabhricha Paus’ - Sify

Suicide-prone farmers from Vidharbha have not seen 'Gabhricha Paus'
Sify
by farmers in the drought-stricken region who have often resorted to consuming pesticides after being buried under debt from private money lenders.

and more »

Marathon Toxic-Asset Fund Said to Start Below Initial Target - Bloomberg

Marathon Toxic-Asset Fund Said to Start Below Initial Target
Bloomberg
Marathon, based in New York, completed its initial closing in the Treasury Department's Public-Private Investment Program with $400 million from private

and more »

Arab Emirates Move to Limit Crisis in Dubai - New York Times


Telegraph.co.uk
Arab Emirates Move to Limit Crisis in Dubai
New York Times
“The lenders should be part of the responsibility.” The extent to which the federation and its wealthiest member-state, Abu Dhabi, which has vast oil
The desert bubble has burstHa’aretz
uae's central bank offers supportSydney Morning Herald
Will Dubai Debt Crisis Crack Uber Bullish Stock Market Sentiment?The Market Oracle
Bloomberg
all 3,083 news articles »

No affect on Indian economy, only remittances will be affected: Pranab - Hindustan Times


The Money Times
No affect on Indian economy, only remittances will be affected: Pranab
Hindustan Times
Banks had waived off the debt, but we have to see the money borrowed from the private money lenders.†On Omar Sheikh posing as him and calling Pakistan
India Companies Say Dubai Exposure LimitedWall Street Journal

all 317 news articles »

The New Face of Structural Violence: How Land Policy and Practice is Driving … - Orissadiary.com

The New Face of Structural Violence: How Land Policy and Practice is Driving
Orissadiary.com
Lack of Institutional Credit and Issues with Private Money Lenders. In our state we have the Orissa Money Lenders Act, 1939, (modified in 1979) which

Private Money Lenders, Private Money Lender - Debt storm threatens Dubai’s ambitions - Meed

Monday, November 30th, 2009

Debt storm threatens Dubai’s ambitions - Meed
Dubai World’s call for a debt standstill has been likened to the Lehman Brothers collapse of September 2008. Dubai’s global ambitions are in question Dubai World’s debt standstill announcement on 25 November has been accompanied by one of the

The desert bubble has burst - Haaretz.com
accommodate Western millionaires on their own private islands; another artificial island in the shape of a palm, where hotels and vacation homes were built, including the most luxurious hotel in the world The American markets responded with

Advice if you’re trying to swoop in on a foreclosure deal - Everett Herald
And to make matters worse, average home Even with today’s depressed home values, you can’t get enough rental income to even come close to breaking even on a cash-flow basis, so you would be losing money every month on a home that will

U.A.E. eases credit after Dubai World debt delay plan - Arab Finance
Dubai- The United Arab Emirates’ central bank eased credit for lenders and said it “stands behind” the country’s local and foreign banks as they face the prospect of rising losses from Dubai World’s possible default. Dubai shares fell 7.2

Dubai Default Swaps Show No Distress on Bailout Bets (Update2) - Bloomberg
Nov. 30 (Bloomberg) — Dubai’s debt risk, after jumping the most last week since January, is still below the level signaling a potential failure as investors expect the emirate will be rescued by oil-rich neighbor Abu Dhabi. The cost to protect

Opportunities Under DOE’s Financial Institutions Partnership Program - RenewableEnergyWorld.com
Last month, the U.S. Department of Energy (DOE) issued a solicitation for one of the most eagerly anticipated Recovery Act energy programs: loan guarantees for renewable energy projects that use commercial technologies. Unlike earlier DOE loan

BSE Sensex bounces 1.8%; rises 6.5% in Nov - Daily News and Analysis
Mumbai: The BSE Sensex rebounded 1.8% on Monday as investors gave a thumbs up to better-than-expected September quarter GDP data and on a rise in Asia markets as concerns over Dubai’s credit woes eased. The gain helped the 30-share main index end

Debt storm threatens Dubai’s ambitions - Meed
Dubai World’s call for a debt standstill has been likened to the Lehman Brothers collapse of September 2008. Dubai’s global ambitions are in question Dubai World’s debt standstill announcement on 25 November has been accompanied by one of the

The desert bubble has burst - Haaretz.com
accommodate Western millionaires on their own private islands; another artificial island in the shape of a palm, where hotels and vacation homes were built, including the most luxurious hotel in the world The American markets responded with

Advice if you’re trying to swoop in on a foreclosure deal - Everett Herald
And to make matters worse, average home Even with today’s depressed home values, you can’t get enough rental income to even come close to breaking even on a cash-flow basis, so you would be losing money every month on a home that will

U.A.E. eases credit after Dubai World debt delay plan - Arab Finance
Dubai- The United Arab Emirates’ central bank eased credit for lenders and said it “stands behind” the country’s local and foreign banks as they face the prospect of rising losses from Dubai World’s possible default. Dubai shares fell 7.2

Dubai Default Swaps Show No Distress on Bailout Bets (Update2) - Bloomberg
Nov. 30 (Bloomberg) — Dubai’s debt risk, after jumping the most last week since January, is still below the level signaling a potential failure as investors expect the emirate will be rescued by oil-rich neighbor Abu Dhabi. The cost to protect

Opportunities Under DOE’s Financial Institutions Partnership Program - RenewableEnergyWorld.com
Last month, the U.S. Department of Energy (DOE) issued a solicitation for one of the most eagerly anticipated Recovery Act energy programs: loan guarantees for renewable energy projects that use commercial technologies. Unlike earlier DOE loan

BSE Sensex bounces 1.8%; rises 6.5% in Nov - Daily News and Analysis
Mumbai: The BSE Sensex rebounded 1.8% on Monday as investors gave a thumbs up to better-than-expected September quarter GDP data and on a rise in Asia markets as concerns over Dubai’s credit woes eased. The gain helped the 30-share main index end

Private Money Lenders, Private Money Lender - $344,000 federal grant will go to Kulshan trust for affordable homes - Bellingham Herald

Monday, November 30th, 2009

$344,000 federal grant will go to Kulshan trust for affordable homes - Bellingham Herald
by lenders mortgage and down payment that’s at least 1 percent, while the remaining one-third comes from other public and private “community investments,” Schissler said. Combined, they form the roughly $200,000 needed for a starter home.

Suicide-prone farmers from Vidarbha have not seen ‘Gabhricha Paus’ - Real Bollywood
the last decade for numerous suicides by farmers in the drought-stricken region who have often resorted to consuming pesticides after being buried under debt from private money lenders. Satish Manwar, director of “Gabhricha Paus” which stars

The desert bubble has burst - Haaretz.com
A few years ago Dubai launched an advertising campaign announcing that the emirate would build a “bubble city,” a project featuring restaurants and museums suspended in the air by giant helium balloons and enveloped in transparent material. It was

Advice if you’re trying to swoop in on a foreclosure deal - Everett Herald
Question: I enjoyed your article last week on real estate investing. I was wondering about foreclosures, and how to buy these? Are there potential deals here? Answer: This question has been coming up a lot with all the news about record foreclosure

$344,000 federal grant will go to Kulshan trust for affordable homes - Bellingham Herald
by lenders mortgage and down payment that’s at least 1 percent, while the remaining one-third comes from other public and private “community investments,” Schissler said. Combined, they form the roughly $200,000 needed for a starter home.

Suicide-prone farmers from Vidarbha have not seen ‘Gabhricha Paus’ - Real Bollywood
the last decade for numerous suicides by farmers in the drought-stricken region who have often resorted to consuming pesticides after being buried under debt from private money lenders. Satish Manwar, director of “Gabhricha Paus” which stars

The desert bubble has burst - Haaretz.com
A few years ago Dubai launched an advertising campaign announcing that the emirate would build a “bubble city,” a project featuring restaurants and museums suspended in the air by giant helium balloons and enveloped in transparent material. It was

Advice if you’re trying to swoop in on a foreclosure deal - Everett Herald
Question: I enjoyed your article last week on real estate investing. I was wondering about foreclosures, and how to buy these? Are there potential deals here? Answer: This question has been coming up a lot with all the news about record foreclosure

Private Money Lenders, Private Money Lender - Battling the Elements: How Can India’s Farmers Cope with Drought? - Wall Street Journal

Sunday, November 29th, 2009

Battling the Elements: How Can India’s Farmers Cope with Drought? - Wall Street Journal

Battling the Elements: How Can India's Farmers Cope with Drought?
Wall Street Journal
For example, if I had borrowed money from the money-lender or even from institutional credit this year, and my crop failed because of drought,

Tough times turning newspaper lenders into owners - The Associated Press


The Associated Press
Tough times turning newspaper lenders into owners
The Associated Press
SAN FRANCISCO — Newspaper headlines have skewered money lenders for dubious decisions that stoked the recession. Now the financiers are starting to headline

and more »

Battling the Elements: How Can India’s Farmers Cope with Drought? - Wall Street Journal

Battling the Elements: How Can India's Farmers Cope with Drought?
Wall Street Journal
For example, if I had borrowed money from the money-lender or even from institutional credit this year, and my crop failed because of drought,

Tough times turning newspaper lenders into owners - The Associated Press


The Associated Press
Tough times turning newspaper lenders into owners
The Associated Press
SAN FRANCISCO — Newspaper headlines have skewered money lenders for dubious decisions that stoked the recession. Now the financiers are starting to headline

and more »

Private Money Lenders, Private Money Lender - uae’s central bank offers support - Sydney Morning Herald

Sunday, November 29th, 2009

uae’s central bank offers support - Sydney Morning Herald


Telegraph.co.uk
uae's central bank offers support
Sydney Morning Herald
The UAE has 24 local banks and 28 units of foreign lenders operating in the country, including those of Citigroup Inc. and HSBC Holdings Plc. The cost of
US banks less exposed to Dubai than European rivalsMarketWatch
Just deserts for Dubai?Scotsman
RBI tells banks to reveal exposure to DubaiEconomic Times
National -International Business Times
all 4,904 news articles »

uae’s central bank offers support - Sydney Morning Herald


Telegraph.co.uk
uae's central bank offers support
Sydney Morning Herald
The UAE has 24 local banks and 28 units of foreign lenders operating in the country, including those of Citigroup Inc. and HSBC Holdings Plc. The cost of
US banks less exposed to Dubai than European rivalsMarketWatch
Just deserts for Dubai?Scotsman
RBI tells banks to reveal exposure to DubaiEconomic Times
National -International Business Times
all 4,904 news articles »

Private Money Lenders, Private Money Lender - An Economist’s Invisible Hand - Wall Street Journal

Sunday, November 29th, 2009

An Economist’s Invisible Hand - Wall Street Journal

An Economist's Invisible Hand
Wall Street Journal
'If investors are confident that they will be "bailed out" by a lender of last resort their selfreliance may be weakened.' 'The final outcome of the credit

No affect on Indian economy, only remittances will be affected: Pranab - Hindustan Times


Times Online
No affect on Indian economy, only remittances will be affected: Pranab
Hindustan Times
Banks had waived off the debt, but we have to see the money borrowed from the private money lenders.†On Omar Sheikh posing as him and calling Pakistan
The evolution of an iconNational

all 414 news articles »

Caught in ATM card-for-loan trap - Express Buzz

Caught in ATM card-for-loan trap
Express Buzz
Social worker 'Imaigal' B Govindaraj said a majority of them were compelled to depend on private moneylenders for urgent needs and they had pledged their

The New Face of Structural Violence: How Land Policy and Practice is Driving … - Orissadiary.com

The New Face of Structural Violence: How Land Policy and Practice is Driving
Orissadiary.com
Lack of Institutional Credit and Issues with Private Money Lenders. In our state we have the Orissa Money Lenders Act, 1939, (modified in 1979) which

Tough Times Turning Newspaper Lenders Into Owners - WCCO

Tough Times Turning Newspaper Lenders Into Owners
WCCO
Read more in our Privacy Policy AP Newspaper headlines have skewered money lenders for dubious decisions that stoked the recession.

An Economist’s Invisible Hand - Wall Street Journal

An Economist's Invisible Hand
Wall Street Journal
'If investors are confident that they will be "bailed out" by a lender of last resort their selfreliance may be weakened.' 'The final outcome of the credit

No affect on Indian economy, only remittances will be affected: Pranab - Hindustan Times


Times Online
No affect on Indian economy, only remittances will be affected: Pranab
Hindustan Times
Banks had waived off the debt, but we have to see the money borrowed from the private money lenders.†On Omar Sheikh posing as him and calling Pakistan
The evolution of an iconNational

all 414 news articles »

Caught in ATM card-for-loan trap - Express Buzz

Caught in ATM card-for-loan trap
Express Buzz
Social worker 'Imaigal' B Govindaraj said a majority of them were compelled to depend on private moneylenders for urgent needs and they had pledged their

The New Face of Structural Violence: How Land Policy and Practice is Driving … - Orissadiary.com

The New Face of Structural Violence: How Land Policy and Practice is Driving
Orissadiary.com
Lack of Institutional Credit and Issues with Private Money Lenders. In our state we have the Orissa Money Lenders Act, 1939, (modified in 1979) which

Tough Times Turning Newspaper Lenders Into Owners - WCCO

Tough Times Turning Newspaper Lenders Into Owners
WCCO
Read more in our Privacy Policy AP Newspaper headlines have skewered money lenders for dubious decisions that stoked the recession.

Private Money Lenders, Private Money Lender - Wall Street Reopens Its Checkbook - Wall Street Journal

Sunday, November 29th, 2009

Wall Street Reopens Its Checkbook - Wall Street Journal

Wall Street Reopens Its Checkbook
Wall Street Journal
Raj Dhanda, co-head of global capital markets at Morgan Stanley, says lenders now will be more "conservative on terms," such as keeping debt lower in

and more »

Wall Street Reopens Its Checkbook - Wall Street Journal

Wall Street Reopens Its Checkbook
Wall Street Journal
Raj Dhanda, co-head of global capital markets at Morgan Stanley, says lenders now will be more "conservative on terms," such as keeping debt lower in

and more »

Private Money Lenders, Private Money Lender - The New Face of Structural Violence: How Land Policy and Practice is Driving … - Orissadiary.com

Sunday, November 29th, 2009

The New Face of Structural Violence: How Land Policy and Practice is Driving … - Orissadiary.com

The New Face of Structural Violence: How Land Policy and Practice is Driving
Orissadiary.com
Lack of Institutional Credit and Issues with Private Money Lenders. In our state we have the Orissa Money Lenders Act, 1939, (modified in 1979) which

Making Profits From Poverty - CounterCurrents.org

Making Profits From Poverty
CounterCurrents.org
But perhaps what we don't want to know is that even when the private money lenders (the class we hate) were lending at 60 per cent or more,

The New Face of Structural Violence: How Land Policy and Practice is Driving … - Orissadiary.com

The New Face of Structural Violence: How Land Policy and Practice is Driving
Orissadiary.com
Lack of Institutional Credit and Issues with Private Money Lenders. In our state we have the Orissa Money Lenders Act, 1939, (modified in 1979) which

Making Profits From Poverty - CounterCurrents.org

Making Profits From Poverty
CounterCurrents.org
But perhaps what we don't want to know is that even when the private money lenders (the class we hate) were lending at 60 per cent or more,

Private Money Lenders, Private Money Lender - The New Face of Structural Violence: How Land Policy and Practice is Driving … - Orissadiary.com

Sunday, November 29th, 2009

The New Face of Structural Violence: How Land Policy and Practice is Driving … - Orissadiary.com

The New Face of Structural Violence: How Land Policy and Practice is Driving
Orissadiary.com
Lack of Institutional Credit and Issues with Private Money Lenders. In our state we have the Orissa Money Lenders Act, 1939, (modified in 1979) which

Margareta Pagano: No one should feel sorry for the Dubai speculators - Independent


guardian.co.uk
Margareta Pagano: No one should feel sorry for the Dubai speculators
Independent
HSBC is by far the biggest lender, with UAE loans of $17bn, but it's a robust bank and will take this in its stride. There are other casualties.
Just deserts for Dubai?Scotsman
US banks less exposed to Dubai than European rivalsMarketWatch
Dubai to default on debtCourier Mail
Economic Times -Wall Street Journal
all 5,843 news articles »

No affect on Indian economy, only remittances will be affected: Pranab - Hindustan Times


UPI.com
No affect on Indian economy, only remittances will be affected: Pranab
Hindustan Times
Banks had waived off the debt, but we have to see the money borrowed from the private money lenders.†On Omar Sheikh posing as him and calling Pakistan
India Companies Say Dubai Exposure LimitedWall Street Journal

all 291 news articles »

Edward Zuker establishes apartment rental office “Chestnut Hill Realty” in 1969 - New England Real Estate Journal Online

Edward Zuker establishes apartment rental office "Chestnut Hill Realty" in 1969
New England Real Estate Journal Online
During this time, an elderly moneylender who later became Zuker's "surrogate grandfather" requested landscaping for a rent-controlled property that he

The New Face of Structural Violence: How Land Policy and Practice is Driving … - Orissadiary.com

The New Face of Structural Violence: How Land Policy and Practice is Driving
Orissadiary.com
Lack of Institutional Credit and Issues with Private Money Lenders. In our state we have the Orissa Money Lenders Act, 1939, (modified in 1979) which

Margareta Pagano: No one should feel sorry for the Dubai speculators - Independent


guardian.co.uk
Margareta Pagano: No one should feel sorry for the Dubai speculators
Independent
HSBC is by far the biggest lender, with UAE loans of $17bn, but it's a robust bank and will take this in its stride. There are other casualties.
Just deserts for Dubai?Scotsman
US banks less exposed to Dubai than European rivalsMarketWatch
Dubai to default on debtCourier Mail
Economic Times -Wall Street Journal
all 5,843 news articles »

No affect on Indian economy, only remittances will be affected: Pranab - Hindustan Times


UPI.com
No affect on Indian economy, only remittances will be affected: Pranab
Hindustan Times
Banks had waived off the debt, but we have to see the money borrowed from the private money lenders.†On Omar Sheikh posing as him and calling Pakistan
India Companies Say Dubai Exposure LimitedWall Street Journal

all 291 news articles »

Edward Zuker establishes apartment rental office “Chestnut Hill Realty” in 1969 - New England Real Estate Journal Online

Edward Zuker establishes apartment rental office "Chestnut Hill Realty" in 1969
New England Real Estate Journal Online
During this time, an elderly moneylender who later became Zuker's "surrogate grandfather" requested landscaping for a rent-controlled property that he

Private Money Lenders, Private Money Lender - No affect on Indian economy, only remittances will be affected: Pranab - Hindustan Times

Sunday, November 29th, 2009

No affect on Indian economy, only remittances will be affected: Pranab - Hindustan Times
“Let us not press the panic button. Let us wait and watch,” said Union Finance Minister Pranab Mukherjee on the Dubai World’s crisis. Dubai World, the government-owned company, is reeling under liabilities of $59 billion and has sought to delay

An Economist’s Invisible Hand - Wall Street Journal
At the Heavenly Models home for deceased economists, an award is being presented to the resident whose work best explains financial crises, global warming, and other pressing issues of today. The favored candidates include John Maynard Keynes, the

How Dubai’s dream sank in a sea of debt - Times Online
As he flew from Dubai to London last Sunday, Sheikh Mohammed bin Rashid al-Maktoum had plenty on his mind.In the four years since he had become ruler of Dubai, Maktoum had grown used to courting world leaders to visit and invest in his desert emirate

Lloyds rights issue: who it’s good for - This is Money
But should shareholders, many of whom will have already dipped into their pockets for Lloyds’ earlier rights issue, pay up this time and how will the offer work? Thanks to its takeover of HBOS, Lloyds is the widest-held share in the UK with many

How the Bank of America is a special case in the TARP program - The Keene Sentinel
Of all of Bank of America’s problems, paying back the government’s $45 billion loan is perhaps the most consequential. The bank is eager to free itself from the aid, which came from the government’s Troubled Asset Relief Program, and all the

Administration Plans New Efforts On Foreclosures - WUSA
He said there was no government program to help the unemployed who are in danger of losing their homes but “many private lenders are modifying loans for the unemployed on their own.” Treasury’s Reilly said the expanded program would, among other

RBI tells banks to reveal exposure to Dubai World - Economic Times
MUMBAI: India’s central bank has told banks to furnish details of their exposure to Dubai World, a top conglomerate which has sought a moratorium on its debt payments as an exercise to assess the impact of the debt crisis on the economy gets under

Margareta Pagano: No one should feel sorry for the Dubai speculators - The Independent
HSBC is by far the biggest lender, with UAE loans of $17bn, but it’s a robust bank and will take this in its stride. There are other casualties. The flow of capital pouring into the West, particularly into banks, will slow. The Gulf states, in turn

Just deserts for Dubai? - Scotsman.com
ITS palm-shaped islands and sky-piercing tower blocks have come to symbolise the explosive growth of the Dubai city-state. The ruling elite eagerly embraced western capitalism and culture, building a modern-day Xanadu that could provide the biggest

No affect on Indian economy, only remittances will be affected: Pranab - Hindustan Times
“Let us not press the panic button. Let us wait and watch,” said Union Finance Minister Pranab Mukherjee on the Dubai World’s crisis. Dubai World, the government-owned company, is reeling under liabilities of $59 billion and has sought to delay

An Economist’s Invisible Hand - Wall Street Journal
At the Heavenly Models home for deceased economists, an award is being presented to the resident whose work best explains financial crises, global warming, and other pressing issues of today. The favored candidates include John Maynard Keynes, the

How Dubai’s dream sank in a sea of debt - Times Online
As he flew from Dubai to London last Sunday, Sheikh Mohammed bin Rashid al-Maktoum had plenty on his mind.In the four years since he had become ruler of Dubai, Maktoum had grown used to courting world leaders to visit and invest in his desert emirate

Lloyds rights issue: who it’s good for - This is Money
But should shareholders, many of whom will have already dipped into their pockets for Lloyds’ earlier rights issue, pay up this time and how will the offer work? Thanks to its takeover of HBOS, Lloyds is the widest-held share in the UK with many

How the Bank of America is a special case in the TARP program - The Keene Sentinel
Of all of Bank of America’s problems, paying back the government’s $45 billion loan is perhaps the most consequential. The bank is eager to free itself from the aid, which came from the government’s Troubled Asset Relief Program, and all the

Administration Plans New Efforts On Foreclosures - WUSA
He said there was no government program to help the unemployed who are in danger of losing their homes but “many private lenders are modifying loans for the unemployed on their own.” Treasury’s Reilly said the expanded program would, among other

RBI tells banks to reveal exposure to Dubai World - Economic Times
MUMBAI: India’s central bank has told banks to furnish details of their exposure to Dubai World, a top conglomerate which has sought a moratorium on its debt payments as an exercise to assess the impact of the debt crisis on the economy gets under

Margareta Pagano: No one should feel sorry for the Dubai speculators - The Independent
HSBC is by far the biggest lender, with UAE loans of $17bn, but it’s a robust bank and will take this in its stride. There are other casualties. The flow of capital pouring into the West, particularly into banks, will slow. The Gulf states, in turn

Just deserts for Dubai? - Scotsman.com
ITS palm-shaped islands and sky-piercing tower blocks have come to symbolise the explosive growth of the Dubai city-state. The ruling elite eagerly embraced western capitalism and culture, building a modern-day Xanadu that could provide the biggest