KKE: Interview with the Greek Communist Party
Posted by
,
No Comments
">
Thursday, May 13, 2010
Wikinews reporter Iain Macdonald has performed an interview with Dr Isabella Margara, a London-based member of the Communist Party of Greece (KKE). In the interview Margara sets out the communist response to current events in Greece as well as discussing the viability of a communist economy for the nation. She also hit back at Petros Tzomakas, a member of another Greek far-left party which criticised KKE in a previous interview.
The interview comes amid tensions in cash-strapped Greece, where the government is introducing controversial austerity measures to try to ease the nation’s debt-problem. An international rescue package has been prepared by European Union member states and the International Monetary Fund – should Greece require a bailout; protests have been held against government attempts to manage the economic situation.
No Comments
See More About:
Payday Advance Loans- Easy Cash in Few Hours
by
Kelvin Lopez
Waiting for the payday? Is it getting you restless to wait for the payday due to some urgent demands to be satisfied? You can get payday advance loans in such situations. These are the short term loans easily available online. All you have to do is to spend some time on your computer. You can get the money directly deposited in your account. You can use the money from the comfort of your home.
These loans are quickly available. You can get the money in less than 24 hours. Your loan is approved so quickly because the formalities attached with these loans are very few. Lender is not interested in checking your documents so they never ask you to fax your documents. Your application is judged on the bases of your current employment only. If you have a regular paying job and a valid checking account in your name then the loan will be issued in few hours time. Apart from that the lenders want the borrower to be at least 18 years of age and a citizen of UK.
You can find a number of lenders online. These lenders are providing
payday advance loans
on different terms. Some of them have certain unrealistic terms so it is always advisable to check all the terms and conditions before getting in to any deal. So you should make a search online before you borrow from any lender.
This is a real gift for the people running on bad credits as these loans are free from all the credit checking formalities. You will not be asked to go through any credit checks. This is because the lenders understand the fact that the loan is issued to you on the bases of your upcoming income so the previous records don t hold too much of importance. So if you are running on any of such record then these loans may help you.
An easy and consistent guidance can be expected from Kelvin Lopez. He contributes regularly to the financial industry through his articles and right suggestions about instant payout loans,
same day payday loans
, same day payout loans visit
samedaypayout.org.uk/
Article Source:
ArticleRich.com
">
US Federal Reserve prepares to take over AIG
Posted by
,
No Comments
Wednesday, September 17, 2008
The Federal Reserve took over American International Group (AIG) on Tuesday in an US$85 billion loan, in exchange for a 79.9% stake in the company.
A press release issued Tuesday stated that “the Board determined that, in current circumstances, a disorderly failure of AIG could add to already significant levels of financial market fragility and lead to substantially higher borrowing costs, reduced household wealth, and materially weaker economic performance.”
The deal allows AIG to draw up to US$85 billion in loans over the next 24 months to shore up the orderly sale of various divisions of the company without further interruption to the economy. In exchange, the Federal Reserve will have a 79.9% equity stake, primarily in the form of equity participation notes. The loan carries an interest rate of LIBOR plus 850 points. Should AIG fail, the loan is covered completely by company assets. Should AIG recover however, taxpayers could potentially recover large profits.
This news comes on the heels of the Federal Reserve refusing to bail out Lehman Brothers, forcing the company to file for bankruptcy on Monday after Bank of America(BoA) and Barclays PLC pulled out of negotiations over the weekend. The fact that AIG has thousands of divisions engaged in business across the globe sets them apart from the recent problems with other banks. AIG was built up over the last several years via the buyouts and mergers of many companies around the world, offering AIG’s stockholders a diverse base of income which allowed it to steadily increase profits.
It is this interconnectedness that had the Federal Reserve worried. Should AIG collapse, it could set off a global chain reaction in multiple markets. In an interview with the New York Times, former Treasury official Roger Altman said, “It’s the interconnectedness and the fear of the unknown. The prospect of the world’s largest insurer failing, together with the interconnectedness and the uncertainty about the collateral damage — that’s why it’s scaring people so much.”
While AIG, like many other banks, found itself embroiled in the middle of the sub-mortgage lending crisis, AIG has also been struggling to deal with controversies in other complex financial instruments such as credit default swaps. These markets have been exploding for several years, but due to lack of regulation by the government, recent reversals have seen AIG’s stock value tumble by over 90 percent in the last year.