A scandal that found banks rigged Libor rates to increase their trading profits brought the internationally used little known but widely used interest rate measure to the limelight. The London Interbank Offered Rate (Libor) is the average interest rate estimated by London banks to charge to each other for borrowing. Rates are published daily and […]
Detroit, the largest city to date to file for bankruptcy
On July 18, 2013, the City of Detroit filed for Chapter 9 bankruptcy. It is the largest municipality in the U.S. history to file for bankruptcy. The filing also significant because its debt estimated at $18 to 20 billion, way more than the bankruptcy filing by the Jefferson County, Alabama in 2011 at $4 billion. […]
The Difference between a License Suspension and a Revocation
It’s always nerve-wracking when you see those red and blue swirling lights in the rearview mirror, especially if you know you had a little too much to drink before getting behind the wheel. When you meet with your drunk driving lawyer, it’s important to know what questions to ask. One of the most common questions […]
Billionaire Jeff Bezos buying the Washington Post
On August 5, 2013, the Web, print media and air waves dominated the news of billionaire Jeff Bezos of Amazon is spending $250 million of his own money to buy the Washington Post. The Post as many call it is faced with dwindling subscriptions and ever decreasing revenue. Within the last five years its revenue […]
Shared Office Space is Now Offered All Over The Country
Guest post is provided by Premier Business Centers, offering shared office space all over the county in Dallas, Beverly Hills, and Newport Beach. Don’t take your chances on finding office space if you travel to meet clients. Traveling businesspeople are renting temporary office space all over the country, from executive suites in Newport Beach, to […]
European Union expanding with admitting Croatia
In July 2013, Croatia is celebrating its entry into the European Union (EU). It will be the 28th EU member and the third poorest country in the EU after Bulgaria and Romania. It will also be the EU expansion since 2007 when it last admitted Bulgaria and Romania. Croatia became an independent country in 1991 […]
Streets of Egypt once again filled with demonstrators
Egyptians once again took to the streets in massive demonstrations in Cairo and other major cities throughout the country demanding that President Mohamed Mursi resign. He has been selected as the first Egyptian president elected by the public a year ago. Certain questionable actions including excessive power grab, taking a direction dominated by the Muslim […]
Little known surveillance program becomes a main attraction
An employee, Edward Snowden, working for a contractor who provides services to the National Security Agency (NSA) fled to Hong Kong with enormous amount of secret data and the news dominated headlines in print media as well as the Internet. He then released some secret information that the U.S. government is collecting on individuals and […]
Will there be a new Federal Reserve Chief next year?
After serving as the Chairman of the President George W. Bush’s Council of Economic Advisers, Ben Shalom Bernanke became the Chairman of the United States Federal Reserve on February 1, 2006 replacing four-term Fed Chair Alan Greenspan who served for four Presidents. Before joining the Feds, Bernanke was a tenured professor and the Chair of […]
Syrian killings continue
The most recent news from Syria indicates that three high ranking officials of the President Bashar Assad’s crippling regime have been killed in a bomb attack in Damascus. Among the dead are its Defense Minister Dawoud Rajha (most senior Christian government official), President’s brother-in-law Asset Shawkat (Deputy Defense Minister) and General Hassan Turkmani, President’s senior […]