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Charter panel to critics: You could’ve helped us

Consultative Committee (Con-com) spokesperson Ding Generoso. (Photo by CATHY MIRANDA / INQUIRER.net) Members of the consultative committee, which drafted a new Constitution, rebuked the government’s economic managers for painting a bleak picture of the planned shift to federalism without doing their job of helping craft the proposed Charter in the first place. In recent days, President Rodrigo Duterte’s economic team, led by Finance Secretary Carlos Dominguez III, said the shift to the federal system under the draft charter could lead…

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County might borrow up to $24 million for voting machines, 911 upgrades

Luzerne County officials are mulling the option of borrowing $20 million to $24 million to fund new voting machines and a 9-1-1 radio system upgrade. – Luzerne County officials are set to hold their first public discussion next week about the possibility of borrowing $20 million to $24 million to fund paper-trail voting machines and a 911 radio communications system overhaul. Although officials say both projects are unavoidable, the administration had omitted them from a pending, proposed capital plan due…

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Review: Maxed Out | Black Star News

  Why do you think more Americans will file for bankruptcy than for divorce this year? According to Maxed Out, the answer lies in the increasingly predatory lending practices of the country’s credit card companies. For just a generation ago, it was much more difficult to obtain a line of credit from a bank. But between the deregulation of interest rates and a revised corporate philosophy, those who could least afford debt, suddenly found themselves deluged with credit card offers. The…

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Turkey warns partnership with US in ‘jeopardy’ | News

President Recep Tayyip Erdogan said Turkey’s partnership with the United States is in jeopardy, warning Ankara could start looking for new allies. Relations between the NATO allies have sunk to their lowest point in decades over a number of issues, including the detention of US pastor Andrew Brunson on terrorism-related charges, prompting the Turkish lira to hit record lows against the dollar. The embattled lira tumbled 16 percent against the dollar on Friday, with US President Donald Trump saying he…

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Bedford school board approves bond issue for ballot – News – Bedford Now – Bedford Township, Michigan

The board of education approved a resolution to send the 20-year, $35,350 million safety bond to voters Nov. 6. Bedford Public Schools will officially have a bond proposal on the November ballot. The board of education approved a resolution at the Aug. 2 meeting to send the 20-year, $35,350 million safety bond to the voters Nov. 6. The district would levy 1.99 mills a year to pay off the bonds. The levy — which, if passed, will be used to…

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dollar climbs 3.86% and sovereign credit risk reaches 700 points — MercoPress

Black Friday for Argentina: dollar climbs 3.86% and sovereign credit risk reaches 700 points Saturday, August 11th 2018 – 09:13 UTC The Argentine peso, which has lost almost 40% since the start of the year, was trading at 29.25 per U.S. dollar at the end of the day on Friday Argentina’s dollar denominated sovereign debt spread widened by a whopping 69 basis points on Friday to 701 according to JPMorgan’s EMBI index Furthermore a plunge in the Turkish lira rocked…

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Fairfield-Suisun Unified School District marks second Measure J bond sale

Fairfield-Suisun Unified leaders on Friday reported the second successful Measure J bond sale, with a Citigroup unit submitting the winning bid at what school district officials said were near historically low interest rates. The bonds, $80 million worth, were sold in an auction-style manner, and Citigroup Global Markets Inc., one of nine bidders, came out the winner with an average interest rate of 3.4825 percent, Tim Goree, the district’s executive director of administrative services and community engagement, noted in a…

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GOGO SHAREHOLDER ALERT BY FORMER LOUISIANA ATTORNEY GENERAL: KAHN SWICK & FOTI, LLC REMINDS INVESTORS WITH LOSSES IN EXCESS OF $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against Gogo Inc. – GOGO – Credit Rating News Today

GOGO SHAREHOLDER ALERT BY FORMER LOUISIANA ATTORNEY GENERAL: KAHN SWICK & FOTI, LLC REMINDS INVESTORS WITH LOSSES IN EXCESS OF $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against Gogo Inc. – GOGO – Credit Rating News Today – EIN News Trusted News Since 1995 A service for global professionals · Saturday, August 11, 2018 · 458,335,461 Articles · 3+ Million Readers News Monitoring and Press Release Distribution Tools Press Releases Events & Conferences Source link

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DOF chief: Draft federal charter could force massive gov’t job cuts

Finance Sec. Carlos Dominguez III. INQUIRER PHOTO/LYN RILLON Finance Secretary Carlos Dominguez III, the head of the Duterte administration’s economic team, warned that the draft federal Charter could lead to massive job losses in the public sector, reduce funds for the government’s ambitious infrastructure program, widen the budget deficit and downgrade the country’s credit ratings. “The possible repercussions could result in dire, irreversible economic consequences,” Dominguez said in a statement on Friday. Dominguez explained that “to avoid this negative economic…

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Greece to lose access to cheapest European Central Bank cash (UPDATE)Nile International

The European Central Bank (ECB) will revoke from Aug. 21 an exemption granted to Greece from its minimum credit rating requirement, it said on Friday, shutting banks’ access to cheap central bank cash because Greek government bonds are rated junk. Greece will exit its third bailout program later this month, and the “waiver” from the ECB’s minimum credit rating requirement can only be granted to countries in bailout programs. While revoking the waiver could increase funding costs for banks and…

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SOMEONE ELSE’S WINDOWS: What’s with federalism? (3)

CAGAYAN DE ORO CITY (MindaNews/10 August) – At least three things stand in the way of the Duterte administration’s push for a federal form of government – absence of consensus within the president’s circle on the supposed benefits of federalism, poor public awareness and acceptance, and the lukewarm attitude of the Senate toward the proposal. No consensus Finance Secretary Carlos G. Dominguez on Wednesday warned the draft federal Constitution would bring the country’s current investment grade credit rating status along with…

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Managing Cash Flow is Key to Business Success

By Steve Julal Cash flow is the lifeblood of every small business but many business owners underestimate just how vital managing cash flow is to their business’s success. In fact, a healthy cash flow is more important than your business’s ability to deliver its goods and services. While that might seem counterintuitive, consider this: if you fail to satisfy a customer and lose that customer’s business, you can always work harder to please the next customer. If you fail to…

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Erdogan tells Turks to buy plunging lira as Trump doubles metals tariffs

ISTANBUL/ANKARA (Reuters) – President Tayyip Erdogan told Turks on Friday to exchange gold and dollars into lira as the country’s currency plunged as much as 14 percent on worries about his influence over monetary policy and worsening relations with the United States. FILE PHOTO: A money changer counts Turkish lira banknotes at a currency exchange office in Istanbul, Turkey August 2, 2018. REUTERS/Murad Sezer/File Photo U.S. President Donald Trump said he had authorized higher tariffs on imports from Turkey, imposing…

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