Finance

The demand for credit is the problem, not the supply of credit

Abhijit MukhopadhyayThe Reserve Bank of India (RBI) announced its October Monetary policy statement, and has done its best to calm the nerves of the market and the economy by painting a picture of hope for recovery. The RBI expects real GDP to decline 9.5% in 2020-2021, “with downside risks.” The …

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ComEd Bribery Scandal Clouds image for Exelon nuclear power plants in Illinois

Exelon could be forced to shut down its Illinois nuclear power plants if state law is not passed to bolster their eroded financial outlook. But Commonwealth utility branch Edison’s involvement in a corruption scandal has complicated that and other key political efforts in her home state. CEO Chris Crane described …

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Ford to look beyond credit ratings in sales surge

A major auto lender has decided to change their approval process to go beyond credit scores in an effort to increase sales. Ford Motor’s finance unit decision is expected to unfold in the coming years, even as concerns grow about increasing losses on auto loans in the industry. Ford Motor …

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For black families, evictions still at a critical point – despite moratorium: NPR

RACHEL MARTIN, HOST: It’s a simple fact, black and brown families are more likely to be evicted than white ones. There are several reasons for this, but the pandemic has only made matters worse. This is Pam Fessler from NPR. PAM FESSLER, BYLINE: Take Aniya, an unemployed mother of two, …

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How NBC’s “Community” Helps a Jazz Musician Reach a New Fan Base

Courtesy of Michael Haggins In this season’s Halloween episode Community, NBC’s sitcom with a rabid cult, most of the main characters have reimagined a basic slasher story with their own twist. Danny Pudi’s Abed Nadir decided to defy the conventions of horror in his shooting, until one particular detail: when …

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As the energy price cap update approaches, now is the time for a change – Forbes Advisor UK

Millions of households that have never changed energy supplier or have not changed in two or three years will soon know if they are facing an increase in their energy bill for 2021. At the beginning of next month, Ofgem, the energy market regulator, will announce the level of its …

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Dairy farms have more problems than the trade war

Amid the ongoing trade dispute, China announced it was suspending its purchases of U.S. agricultural products this week. The trade war was wreak havoc on the American agricultural industry, which is heavily dependent on exports. But even before President Trump took office, parts of America’s agricultural industry faced another problem: …

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Indian government seeks to tap foreign lenders for loans to its small businesses: sources

Through Aftab Ahmed, Devjyot ghoshal NEW DELHI (Reuters) – The Indian government is in talks with foreign lenders to provide up to $ 14.5 billion in credit to millions of its small businesses, two officials said, a sign that the country’s banking system may not be tough enough to do …

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‘Enjoyed every minute’ | News from Mount Airy

Pat Gwyn browses a Rolodex to verify a library patron’s listing in this 1977 photo. (Courtesy photo) In 1972, Pat Johnston, a 14-year-old student from Mount Airy High School, needed to raise money for a school trip to Washington, DC. So she entered the Mount Airy Public Library and applied …

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Frozen by AIB for ten-year-old bad debts

My daughter, a final year college student, asked me to vouch for an increase in her overdraft. 500 € to € 1,000 to enable him to take driving lessons. AIB had asked for a guarantor. I got a call today from the bank. I wouldn’t! I had a Visa card …

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