Vittorio Hernandez – AHN News Washington, D.C., United States (AHN) – The U.S. Department of Housing and Urban Development has made available a $1-billion lifeline to American homeowners who have problems with their mortgage payments. The fund, launched in June, is part of the Dodd-Frank Wall Street Reform and Consumer Protection Act. Its aim is [...]
Jojo Doria – AHN Sports Contributor Los Angeles, CA, United States (AHN Sports) – A day after filing for bankruptcy protection, Los Angeles Dodgers owner Frank McCourt received a favorable ruling Tuesday on hedge fund financing he arranged to cover the team’s expenses and all financial obligations through the year. On Tuesday, a Delaware court, [...]
Brussels, Belgium (AHN) – European Union leaders assured the Greek government on Thursday that they are committed to help Athens get the second round of its bailout, while maintaining the bloc’s financial stability. European Commission President Jose Manuel Barroso gave the commitment on the first day of the EU summit in Brussels. However, the promise [...]
The Federal Trade Commission, or FTC, was created back in 1914, to ensure fair methods of competition in the marketplace of products and services. In particular, through the Bureau of Consumer Protection, the FTC administers a variety of consumer protection laws. For those that are experiencing debt, there are government regulations specific to consumers seeking [...]
Saving money and paying debt may be possible if you enroll in a debt management plan. A debt management company can help you to reduce your debt by negotiating your creditors. If most of your debt is stuck in revolving credit, you can better clear them off by taking the help of debt management company. [...]
Vittorio Hernandez – AHN News Luxembourg City, Luxembourg (AHN) – European finance ministers delayed on Monday the release of the second tranche of Greece’s bailout until July. After seven hours of discussion, the ministers set as a condition for the release the approval by the Greek Parliament of spending cuts and financial reforms, including a [...]
Manzini, Swaziland (IRIN) – Erratic pension payments, a rising cost of living and changing social circumstances are leaving Swaziland’s elderly with no choice but to fend for themselves and adjust to living alone. This is unprecedented in a country where an extended family system traditionally provided a social safety-net and companionship. “I thank my God [...]
Saleem Samad – AHN News Correspondent Dhaka, Bangladesh (AHN) – Bangladesh, the world’s poorest Muslim majority country, unveiled a $22 billion deficit budget high on defense expenditures and low in farm spending. The government projects revenue income at $16.01 billion in the coming fiscal year, up from nearly $13 billion. The budget was placed in [...]
Tejinder Singh – AHN News Correspondent Washington, D.C., United States (AHN) – President Barack Obama on Friday heads to Toledo to tour Chrysler’s Assembly Complex there to extract maximum political mileage from the fact that just over a week after Chrysler Group LLC paid off its federal bailout loan of $7.6 billion. Paving the way [...]
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