CALGARY • It takes money to make money, but for Canada’s aboriginal entrepreneurs, it also takes unique financing.
With loans from Canada’s big banks out of reach for many aboriginals living on reserves, the Calgary-based, Alberta First Nations-owned Indian Business Corp. (IBC) is appealing to oil and gas companies to help it grow so it can lend more money to aboriginal businesses.
In an interview that will air Sunday on ABC, Treasury Secretary Tim Geithner says, “”We have much, much lower risk of [a double-dip recession] today than at any time over the last 12 months or so … We are in an economy that was growing at the rate of almost 6 percent of GDP in the fourth quarter of last year. The most rapid rate in six years. So we are beginning the process of healing.”
German bonds yields have been collapsing all year, and now investors are paying the government to take their money for up to four years. On Friday, German bond yields hit new lows, with the 10-year German bond yield, referred to as the "bund," hitting a new record low of 0.623%, while the 4-year yield turned negative, falling to -0.008%.
Summer school isn’t a punishment. Think of it as a second chance or bonus education. But instead of improving your GPA, we will help you improve your credit score. That might mean repairing your finances with better saving, earning more money, paying less taxes or getting smart with your investments.
This week: Fee facts 101
By Jack Holland:When I hear IMF and Europe spoken in the same sentence, I reach for my laptop to buy more shares of SPXU. I am amazed that bankrupt nations are able to lend the IMF money so they can borrow it back to bail themselves out. How does that work? Sounds a bit like money laundering to me. But these are just rhetorical questions.
MUMBAI: A combination of sharp fall in stock prices, expectations of further reduction in interest rates and the rush to safety have prompted retail investors to turn to top-rated company fixed deposits again. Wealth managers said the increased flows into these deposits have driven companies to cut rates by 25-50 basis points. Nonbanking finance companies (NBFCs) accepting deposits include Shriram Transport, HDFC and PNB Housing among others. "Whenever equity markets turn turbulent, many retail investors tend to rush for safety.
Submitted by David Smith via MoneyMetals.com, One of America's most notorious bank robbers, Willie Sutton (1901-80), is said to have remarked that he robbed banks "because that's where the money is." In a strange twist, the banks themselves are now beginning literally to rob their own customers.
By BubbleBustInvesting:With the Fed keeping interest rates at record low levels, chasing after high-dividend paying stocks has been a popular trade among retail investors in the last two years and will most likely be for the next two years.