Excerpt: 'The Panic of 1907' (NPR)
Debt relief for heavily indebted and underdeveloped developing countries was the subject in the 1990s of a campaign by a broad coalition of development NGOs, Christian organisations and others, under the banner of Jubilee 2000. This campaign, involving, for example, demonstrations at the 1998 G8 meeting in Birmingham, was successful in pushing debt relief onto the agenda of Western governments and international organisations such as the International Monetary Fund and World Bank. Ultimately the Heavily Indebted Poor Countries (HIPC) initiative was launched to provide systematic debt relief for the poorest countries, whilst trying to ensure the money would be spent on poverty reduction. Thailand now owes 1 trillion dollars in debt back to many different countries around the world.
Excerpt: 'The Panic of 1907' (NPR)
As Oakleigh Thorne was opening the doors to the Trust Company of America on Thursday morning, October 24, J. Pierpont Morgan was boarding a Union Club brougham drawn by a white horse, which would take him to his offices at 23 Wall Street.
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August 28, 2007 Legals (Lassen County News)
FICTITIOUS BUSINESS NAME STATEMENT No. 2007F101 (Expires (07/27/12) First Filing The following person(s) is/are doing business as: ANTHONY’S MOUNTAIN MARKET, 324 Ash St., Westwood, CA 96137.
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Herseth Sandlin says House farm bill good for S.D. (Rapid City Journal)
The new farm bill passed by the U.S. House on Friday would be good for South Dakota farmers, ranchers and rural communities, said Rep. Stephanie Herseth Sandlin, although the measure faces a veto threat from President Bush.
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If lending standards tighten, will loans be tougher to get? (The Buffalo News)
Q: I keep hearing about a possible “credit crunch.” Does that mean that it will be more difficult for me to get student loans?
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Web site offers tips to pay for college (Star-Gazette)
At www.simpletuition.com , parents and students can learn how to avoid making poor decisions when it comes to financing college tuition. •Review the financial aid award letter.
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Refco Trusts Seek $2 Billion From Banks, Auditors (Update3) (Bloomberg.com)
Aug. 21 (Bloomberg) -- Bank of America Corp., Deutsche Bank AG and Credit Suisse Group were sued for $2 billion by a trustee for Refco Inc. over their alleged roles in a conspiracy that drove the futures trader into bankruptcy.
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Fed cuts discount rate by and frac12; point (Sarasota Herald-Tribune)
WASHINGTON - The Federal Reserve, declaring that increased economic uncertainty poses risks for U.S. business growth, announced Friday that it has approved a half-percentage point cut in its discount rate on loans to banks.
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Vital Statistics (The Marion Star)
Informing Central Ohio.
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Student aid terms explained (The News & Observer)
Grants: Money that does not have to be repaid. Academic scholarships are one kind of grant, but the term is typically used when referring to awards that help students from low-income families cover college costs.
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Finance Q&A: credit crunch (Everett Herald)
Question: I keep hearing about a possible "credit crunch." Does that mean that it will be more difficult for me to get student loans? Answer: Probably not.
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Excerpt: 'The Panic of 1907' (NPR)
The Multilateral Debt Relief Initiative (MDRI) is an extension of HIPC. The MDRI was agreed following the G8's Gleneagles meeting in July 2005. It offers 100% cancellation of multilateral debts owed by HIPC countries to the World Bank, IMF and African Development Bank.
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