JAKARTA – The decline BI rate 50 basis points at 8.75 percent should be followed up with a decrease in interest rate. Bank Indonesia (BI) hopes the major banks take the interest rate reduction credit. The credit market is still dominated large bank. The decline in interest rate is difficult to quickly if the major […]
Meredith Whitney Tells Fortune Magazine: Banks, Credit Still in Trouble
Oppenheimer & Co. Financial Analyst Meredith Whitney warned that the credit crisis is nowhere near over in an interview in Fortune Magazine’s upcoming issue. Meredith Whitney is known for correctly predicting that the tenuous relationship between banks and credit-rating agencies would tumble. Banks are not reporting all of their credit losses, Whitney says, meaning that […]
Governor’s Daughter Heather Bresch Nabs Diploma Without Credits
Heather Bresch, the daughter of West Virginia Governor Joe Manchin III, wrongly received an M.B.A. degree, it has been revealed by the NY Times. Apparently Heather Bresch lacked the required academic credits to gain the degree. As a result of the controversy surrounding Heather Bresch, West Virginia University President Mike Garrison will leave his post […]
Orkut used in credit card scam to buy airline tickets
An inter-state gang operating from Mumbai and Visakhapatnam used the social networking website Orkut to buy airline tickets with stolen credit card data. The tickets were sold at a discount to unsuspecting buyers, mostly employees of the Vizag and Bokaro steel plants who were availing their leave travel concession. The city Central Crime Station (CCS) […]
ACCREDITATION UPDATES IN KASC
Last school year, the Institute of Arts and Sciences (AB Political Science and AB History), Institute of Agriculture and Forestry (BS Agriculture and BS Forestry), Institute of Mathematics, Engineering and Applied Technology (BS Agriculture Engineering) and Institute of Entrepreneurial Arts (BSC Management) were accredited. The Institute of Teacher Education was first accredited to Level […]
Paulson, Bernanke, Dodd-Meet Addresses Credit Crunch
In afternoon trading, the Dow is up a tenth of a percent, the NASDAQ composite index up more than half a percent, while the S&P500 index is pointing upward by 0.33 percent. Most Asian and European indexes closed up. Tokyo’s Nikkei ended the day up more than a percent, while the Hang Seng in Hong […]
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