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Posts Tagged ‘Business’

Dubai Sukuk Wins Investor Confidence as Debt Accord Nears: Islamic Finance

Islamic bonds in Dubai are set to extend this year’s rally as Dubai World predicted it will complete debt restructuring in the “coming months,” said Unicorn Investment Bank BSC and Emirates NBD Asset Management.

Daniel J. Mitchell – USA: Drowning In Debt?

Question: Bias or Fair court order…?

After 4 years I’ve been paying child support $465 plus $50 for back support and just last year (2008) I lost my job and back child support accumulated close to $4000. This year of 2009, I just have full custody of our kid so our situation between me and the mother was flipped! she now have to pay me $500 child support plus 1/2 of monthly daycare expenses. But because of my arrears, the judge ordered to garnish my check for $500/month towards my arrears and the mother to pay me $500/month for the child support.
———-catching up so far???————
So basically, I will only receive help towards daycare expenses.
I just dont know why would the judge let my debt and support for my kid run on an equal path at the same time—I thought DCS stands for Department of Child Support and not Debt Collection Services. Should I just let it ride? or make an appeal?
Believe me…I know! it made me scratched my head too. Thanks for all your responses!

Answer: it sounds ridiculous as hell, since it could be deducted directly from her payments forward, but thats government spending for you and their need for documentation even if it defies logic. as a matter of fact, it is not an act of collection, but as it might have gone anyway. however, the screw comes if she stops making her payments. then the roles are reversed one more time, and you will have to make the requests. as for appeal, that would be a waste of money. let it ride until you are both even. when all is said and done, we are talking about your child. its all going to the same purpose

Moody’s Cuts DIFC Investments One Notch to B3 on Debt , Cash Generation

DIFC Investments LLC, the developer of the Dubai International Financial Center, had its credit rating cut one level by Moody’s Investors Service due to its high indebtedness and poor cash generation.

Debt Recovery Services – Simpson Millar

Question: why do people around the world protest against free trade?

why do people around the world protest against free trade? they say it will increase their trade deficits, and make their companies and industries less competitive. I don’t quite understand this because while America has some good products, generally America products are terrible. Our food is bad, our cars are bad, we hardly make clothes or cosmetics (compared to europe), do we even export agricultural products? even with a weak dollar our exports are low and our economic growth is slowing. it seems like our main export is financial services, although with so many financial consultants, America is still in so much debt. I think the free trade is bad only for America, I don’t see why others are afraid of it.

Answer: It’s bizarre, isn’t it, HM!

I understand why some people might protest, from self-interest. For instance, if you’re in the shoe industry, you might resent that Brazilian shoes of higher quality than American products are sold for much lower prices. But you don’t have to be an Adam Smith to understand that for America generally, it’s better for us to buy the Brazilian shoes and let them spend the dollars buying American technology products. Both sides benefit, although admittedly some special interests may face short term pain.

What mystifies me is when lefties and those claiming to speak in the name of the overseas poor try to argue that free trade and “globalization” are bad from the point of view of the poor.

Suppose you’re a cocoa farmer in west Africa. Wouldn’t it be wonderful if you could sell your products in the American market without having to pay the import taxes that we levy to block you from selling here!

So, free trade is introduced, allowing cocoa farmers to sell their products here without these taxes. I can see why an American cocoa farmer might complain. But why in heaven’s name would lefties argue that free trade is bad from the African farmer’s point of view. How is it “imperialism” to give them access to our market? How is it “exploitation”? Why is it better for the African to be denied the chance to sell his products except at cutthroat prices in a tiny domestic market?

I agree with you, and I too am completely mystified at the irrational claims of the left.

Leo W. Gerard: Q&A with Veteran Labor Organizer Stewart J. Acuff

Leo W. Gerard: Stewart, you talk about power in a book you’ve written with economist Dr. Richard A. Levins. You called the manual, “Getting…

Primerica Financial Services Cahoun, GA

Question: Help with a Credit Card issue concerning bank policy/procedure?

I would GREATLY appreciate some help/advice from any Attorneys or Financial Gurus out there..

About 15 years ago, I took out a Visa CC issued thru MBNA.(I took it out in my name only) After my hubby took a BIG pay cut, I have used it 2 make ends meet for the last 4 yrs.

I have run up a very LARGE balance.

About 3 yrs ago, the acct was taken over by Bank Of America.

We have pretty much been using BOA for all our banking. We have our checking acct., my hubby’s business acct., our home mortgage (still in excellent standing, with only a few years left to go), as well as a rental home Mortgage with them.

We even have our children’s savings accounts there.

I have been considering working with a debt settlement service on the CC balance, but am concerned with our bank affiliation. Can this action hurt our current mortgages and accts or is this considered a separate matter. (especially since it was taken over from MBNA)

Any insight is valued….

Answer: It will not necessarily hurt your accounts now, but you will have a difficult time refinancing loans or obtaining new loans.

Global economies are heading for turbulence – ARE WE IN TROUBLE GOING FORWARD?

Strong headwinds ahead, global economies are heading for turbulence – ARE WE IN TROUBLE GOING FORWARD? Financial markets across the globe cave-in last week amidst contrasting optimism among economists in frenzied GDP forecast upgrades of the Singapore economy for 2010.- ST, 2 July 2010, A3, Prime News, Economists in frenzy of forecast upgrades. To be fair, OCBC [...]

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Question: Help me please….Will I lose my home?

I have a mortgage that the fixed rate comes to an end on in May, I have had it for 3yrs. Due to the credit crisis at the moment our finances are really bad and we are currently on a debt management plan. We have never missed or even been late with our mortgage payments but what I am worried about is that in May, what if there isnt a company that is willing to give me a mortgage due to my credit rating?? Will it mean that we will have to sell the house? Or what if someone does offer us a rate but the payments are way too high ( struggling as it is!) and we have to sell anyway, this would mean that we wouldnt be able to reapply for another mortgage for 6yrs?? Am I best off declaring bankrupcy and get it over and done with- does that involve taking the house off us?? Sorry about the many questions but so confused!! HELP!!
I am desperate as I have a 1yr old and a baby due anyday, I need to know their future is secure!!

Answer: I think the best way forward is to seek legal advise. There are specialist solicitors who offer free advise, look in your local evening paper for their address. Do not declare yourself bankrupt as this would certainly mean your home would be repossessed. Try not too worry, get the advise you need, speak also to your mortgage provider when your deal is coming to the end.

Auto-Loan Debt Sales Rise on Faith in Consumers: Credit Markets

Sales of securities backed by car and truck loans are rising even as corporate debt issuance overall declines in a show of faith in consumers by fixed-income investors.

The Credit Card Crisis