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09 April 2011 ~ Comments Off

U.S. IRS seeks court order to force HSBC to disclose names of Indian-American depositors

Vittorio Hernandez – AHN News San Francisco, CA, United States (AHN) – The U.S. Internal Revenue Service asked a California federal judge Thursday for a court order to force Hong Kong and Shanghai Banking Corporation to disclose the names of wealthy Indian-American depositors who are suspected of tax evasion. The IRS believes that the suspects [...]

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08 April 2011 ~ Comments Off

Patient Safety Expert Says Law Could Lead To Overuse Of Medical Care

United States (KaiserHealth) – Over 16 years, Rosemary Gibson led national efforts to improve quality and safety in health care as a senior program officer at the Robert Wood Johnson Foundation. There, she was chief architect of the foundation’s strategy to establish palliative care in the mainstream of the U.S. health care system. She is [...]

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07 April 2011 ~ Comments Off

Portugal asks for bailout, EU sets aid

Windsor Genova – AHN News News Writer Lisbon, Portugal (AHN) – Portugal’s caretaker government announced Wednesday it has asked the European Commission for financial assistance. Resigned Prime Minister José Sócrates, said on national television that the bailout was of national interest because rates for borrowings has risen and is no longer sustainable. Opposition leader Pedro [...]

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06 April 2011 ~ Comments Off

Moody’s downgrades Portugal’s debt rating to Baa1

Linda Young – AHN News Writer Lisbon, Portugal (AHN) – Ratings agency Moody’s has downgraded the credit worthiness of the Portuguese government for the second time in two weeks and warned further cuts might come. Moody’s downgraded Portugal one bracket to a Baa1 rating from A3. Pushing Portugal’s long-term debt down toward junk bond status [...]

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05 April 2011 ~ Comments Off

Harper offers fitness tax credit

Vittorio Hernandez – AHN News Kanata, Ontario, Canada (AHN) – Canadian Conservative Party leader Stephen Harper has promised a new fitness tax credit for adults on Sunday. He also dangled doubling kids’ sports fees . That would mean $75 in adult fitness tax breaks and a maximum $1,000 tax credit for children to cover $1,000 [...]

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03 April 2011 ~ Comments Off

Not singing Blues: forward D’Agostini impressed with team despite last-place spot

John Raffel – AHN Sports Correspondent Detroit, MI, United States (AHN Sports) – St. Louis forward Matt D’Agostini admits the team is basically fighting for pride and also hoping to secure roster spots for the 2011-12 season. But in Wednesday’s 10-3 shellacking over first-place Detroit at Joe Louis Arena, the Blues looked anything but like [...]

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01 April 2011 ~ Comments Off

Facing housing crunch, Saudi Arabia edges to allowing mortgages

The Media Line Staff Cairo, Egypt (TML) – The day a Saudi will be able to walk into a bank and walk out with a mortgage is getting closer after the country’s Shura Council this week approved a much anticipated mortgage law. Getting a mortgage industry up and running has wide-ranging implications, not just for [...]

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31 March 2011 ~ Comments Off

U.S. home prices continue falling

Linda Young – AHN News Writer Washington, D.C., United States (AHN) – U.S. housing prices continued to slump in January posting a 0.90 percent drop from December, according to data released Wednesday by the S&P/Case-Shiller (CSI) home price indices. The continued slide in house prices could indicate that house prices are headed into a double [...]

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30 March 2011 ~ Comments Off

Factchecking banks’ dubious claims on interchange fees

ProPublica Staff United States (ProPublica) – by Marian Wang The banking industry has been busy fighting to defeat or delay a proposal that would cap the interchange fees they collect from merchants when customers pay with debit cards. As we’ve noted, they’ve lobbied extensively, and some banks have warned that they’ll end free checking, end [...]

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29 March 2011 ~ Comments Off

NATO paves way for Obama address to nation

Tejinder Singh – AHN News Correspondent Washington, DC, United States (AHN) – NATO allies were pushed over the weekend to come to a conclusion as the United States president prepared to address his nation on Monday about the U.S. role and exit strategies in the Libya conflict, according to reliable sources in Brussels, Belgium. NATO [...]

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