Feds Still Raising Interest Rates
In a process that is going to span a few years, and take place in increments rather than all at once, the Federal Reserve, under the new chairman Ben Bernanke who replaced Alan Greenspan, will take the rate hike in increments, with meetings in between to determine the next step and next interest rate hike.
What does this mean for us?
It would mean an increase in interest rates on borrowed money for millions of consumers and businesses as commercial banks make the same adjustment, which is a quarter-point jump in the prime lending rate, pushing it to 8 percent.
Some economists and financial experts believe the Federal Reserve will stop with the funds rate at 5 percent, which is significantly higher than the forty six year low of 1 percent, which was in effect before the rate increases even began.
World Bank lifts lending to Philippines
The World Bank has approved $400m worth of loans to the Philippines in the past two weeks, more than the total of the past three years, in a clear demonstration of confidence in the country’s improving energy saving position.
Comment by energy saving — July 4, 2006 @ 8:30 pm
Is cheap land for pricey Mercs a fair deal?
ISLAMABAD, July 21: The Punjab government, on the instructions of the centre, is all set to acquire by force about 1,200 acres of agricultural land in the Sheikhupura district at a much lower than the market price a Mercedes-Benz assembly plant by a locally-registered but hitherto unknown firm under licence from the German manufacturer, Daimler-Chrysler.
Comment by bad credit loan personal loan — July 22, 2006 @ 12:41 am
Basheer condemns attack
KOZHIKODE: The former Education Minister and secretary of the Indian Union Muslim League (IUML) E T Mohammed Basheer has condemned the attacks on self-financing institutions, allegedly by activists of the Students Federation of India (SFI). In a statement here, the former education minister said the action of the SFI was an insult to the state, which been a model in literacy.
Comment by poker betting — July 23, 2006 @ 7:56 pm
Need Help Getting a Car Loan?
(ARA) - Are you driving around in a car that has faded paint, power windows that no longer work, a rusty muffler and an odometer that stopped around miles? If so, it’s time to get a new car!
Comment by boat loan — July 23, 2006 @ 9:06 pm
The Student Loan Network Introduces Graduate PLUS Loan With Fixed Rate for Grad Students
With an average sticker price of $40,000 per year, graduate school can be a costly, though important, next step for those seeking greater opportunities for advancement. The new business business finance Graduate PLUS Loan from the Student Loan Network can help fill this need. (PRWEB Jul 24, 2006) URL:
Comment by business business finance — July 24, 2006 @ 4:27 am
Builders, real estate firms feel market’s decline
Three dozen South Florida home builders and estate agents mingled last week at Buster’s Bar & Grill in downtown Delray Beach. Standing only feet apart, they shouted pleasantries over the deafening of Elton John’s Rocket Man and Steve Miller’s Fly Like An Eagle .
Comment by riverbelle casino — July 24, 2006 @ 4:55 am