Posts Tagged ‘debt’

U.S. stocks open higher as Greek debt deal okayed

Diane Alter – AHN News Reporter New York, NY, United States (AHN) – U.S. stocks opened higher Monday after Greece’s parliament approved strict financial reforms needed to obtain its latest international package and prevent a messy default. Just after 10 a.m. on Wall Street, the Dow Jones Industrial Average was up 38 points, the Standard [...]

U.S. stocks open higher as Greek debt deal okayed

Diane Alter – AHN News Reporter New York, NY, United States (AHN) – U.S. stocks opened higher Monday after Greece’s parliament approved strict financial reforms needed to obtain its latest international package and prevent a messy default. Just after 10 a.m. on Wall Street, the Dow Jones Industrial Average was up 38 points, the Standard [...]

Average student loan debt clinbs to new high

Diane Alter – AHN News Reporter New York, NY, United States (AHN) – There is nothing average about the new average student loan debt. The average debt of college seniors who graduated in 2010 with student loans increased 5 percent from a year earlier to $25,250. The amount is the highest level ever. The figure [...]

Lagarde warns of dangerous new phase for global economy

Vittorio Hernandez – AHN News Jackson Hole, WY, United States (AHN) – International Monetary Fund Managing Director Christine Lagarde warned over the weekend of a new danger facing the global economy. She identified the dangerous new phase as the growing sense that policymakers lack conviction or are not willing to make decisions that are needed. [...]

Spain loses, Canada wins in Moody’s credit review

Vittorio Hernandez – AHN News Madrid, Spain (AHN) – Moody’s Investors Service placed Spain on a credit ranking review Thursday for a possible downgrade. The ratings agency said it needs to go over Madrid’s Aa rating because of challenges to the Spanish government to consolidate the country’s fiscal balance. On the same day, Moody’s renewed [...]

What they said: Obama and Boehner on debt deal

United States (KaiserHealth) – President Barack Obama and House Speaker John Boehner on Monday night offered competing views on the state of debt talks and proposals. While neither touched heavily on overhauling entitlement spending, especially Medicare, the president mentioned it several times. Medicare has been one of the most contentious roadblocks to striking a deal [...]

Bernanke open to new stimulus program

Vittorio Hernandez – AHN News Washington, DC, United States (AHN) – U.S. Federal Reserve Chairman Ben Bernanke said on Wednesday that the central bank is open to another stimulus program if it were necessary to help the ailing American economy. However, Bernanke said that for the moment the move was not yet imminent. The hint [...]

Getting a bad credit loan to consolidate your debts is not that hard- know why

It is true that credit score is the yardstick which determines the consumer’s credit worthiness. If the three digit number of your FICO score is bellow 600, it means you are in trouble and certainly face many economic challenges in the near future. If you have an outstanding balance, and an additional burden of bad [...]

Greece prepares large cuts in public sector wages to meet bailout terms

Vittorio Hernandez – AHN News Athens, Greece (AHN) – The Greek government is preparing tougher belt-tightening measures as it attempts to meet the terms of the country’s $110 billion (EUR 78 billion) bailout. Prime Minister George Papandreou rejected debt restructuring ahead of a Monday cabinet meeting to tackle austerity measures, which includes tax hikes and [...]

Eurozone’s troubled five need more time and space

Extending maturity dates and reducing new debt rates may yet achieve what forced fiscal austerity and bailouts fail to View full post on All Stories

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