Personal Finance blade BBC awards

The annual prize money for the title, personal finance and the press praised the BBC's "superiority" Special News coverage.

BBC at the top of the list of the New York Times and Guardian Capital Thisismoney Moneysavingexpert.com.

Editor of the BBC, Robert pesto personal financial business of radio, this year won the prize for "content industry is available and easy to navigate, with a good balance between the written and audio, and read them report.The Commercial Section BBC News online method has increased sharply since the credit crisis , and now regularly draws 1.5 million readers a day during the BBC broke the story on the proposed HBOS and Lloyds TSB and the pages of the work of more than 2.6 million readers.He already received numerous awards for their work explaining the banking crisis and the judges' final offer price of majority of the living and dealing at the heart of every man and individual winners finances.Other night, and included the money that the title of the Guardian this year, the finance and marketing, John Lapp, and news from.

Obama disputed the credit card giant

President Barack Obama said Thursday the U.S. credit card industry Chiefs he will insist on more regulation to protect consumers from unfair fees, punitive interest rates and predatory lending.

Obama was expected to meet the heads of companies including American Express, Visa and MasterCard in the White House as he and Democrats in Congress to craft new guidelines which are causing concern in the under-fire sector.

"The President believes new rules of the road for the credit card industry needed," said Obama's special adviser Valerie Jarrett on Wednesday.

"He would do with an open and productive conversation tomorrow with representatives of the credit card industry about the impact of the current crisis on consumers."
President Barack Obama Thursday will tell the U.S. credit card industry Chiefs he will insist on more regulation to protect consumers from unfair fees, punitive interest rates and predatory lending.

Obama was expected to meet the heads of companies including American Express, Visa and MasterCard in the White House as he and Democrats in Congress to craft new guidelines which are causing concern in the under-fire sector.
Earlier Wednesday, Democrats in Congress continued to crack area, which is accused of temptation easily borrowers of loans in good times and hard down the installation of high and lower credit lines, when the economy is sour.

Members of the House of Representatives Financial Services Committee voted for it to send the draft to the rigidity and the Comoros in full.

New York Democratic Congress woman Carolyn Maloni, who wrote about the credit cards' Bill of Rights, said that the card holder and card.

"For too long has been a factor, but the best on the market when all parties know what they are - and deceptive practices should be stopped"

Travel alarm Tévesen lose revenue by creating a body.

"It is time to adopt, and important in the global financial crisis is not considered, in both Houses of Congress in March last year, on April 5 and Claudio 14 of the law was in Malacañang.

A compromise version of Senate Bill 2213 legislation and Senator Richard Gordon as the House of Representatives Bill 5229 was written by the Republic of Bohol. Edgar Chatto.

Claudio, research, or even the Finance Ministry announced the signing of the law, the government one year to the use of P6 billion lost were presented.

"Many of [the law] would effectively change the existing legislation and contrary to the current policy on the taxation of dividends, transfers, and state-owned enterprises, tax incentives, the distribution of income from privatization and sale of certain income," the list.

Ministry of Finance of the capitalization of companies established on the basis of the Income Tax Act, exempt companies that corporate dividends will be deleted.

Under the Philippine Tourism Organization, which will be renamed in the infrastructure for tourism and trade zone, and the agency will monitor the work in tourist areas.

In the Duty Free Philippines will be adjusted and re-Duty Free Philippines Corp., and continue the process, the Duty-free shops and the introduction of the system.

Succession planning: Trust parents to allow the sale of the company to his heirs

A technique for eliminating the sales tax a major responsibility for "mistakes hard to create the trust grant. Trust income tax rules to allow use of the confidence of donors - usually high - as big as the owner and the insurance tax to avoid the need for treatment.

If the beneficiaries of the trust, not parents, should be considered for the production of various products for tax purposes.

In general, a job as a promissory note related to financial transactions of sales. This is not the trust is placed and payment.

Property taxes are another area where there may be problems. However, there are ways to avoid them. If the property is transferred from the father of a child may prevent the change in ownership of the property tax and the goods have not been around.

Property, which is not the primary place of residence, parents may transfer up to $ 1 million in assessed value of any change in ownership, and triggering a reassessment of the property taxes. For example, if the property is transferred and purchases the'70s assessed value is less than $ 1 million, does not alter the property assessment and taxation of the transfer of the father to the child.

This method works only if a parent transfers property directly to their children and, if possible, to their spouses. If the parents let the corporation, partnership, corporation, or LLC, and transferred the shares to their children, the transaction does not qualify for exclusion from reassessment.

Change the rules to help the commercial real estate

REITs invest in real estate companies, and then, where a special tax status and taxation of rental income can be distributed to investors in the company of about 90% of the contribution is tax eliminates.

Israel's National Assembly in January 2007 in the race, such as the schema of a FTSE listed companies was the beginning of the transition - Land Securities, Britain's land and SEGRO. Their own budget, one week, GMP Tair Alice Darling said the financial crisis and its own growth and development can interfere with the structure of a REIT regime.

GMP is already in recent months with representatives to discuss two issues are engaged in:

Encourage the growth of the REIT sector (economic conditions), Permits, and a broad range of people and the source of the capital, and can continue to attract new immigrants;

Jonathan Thompson, KPMG and chairman of the Finance Committee for the BPF at the head of the International Real Estate, said: "The fee for new players on the listed shares. REIT looking for a serious new obstacle is the latent potential benefits and the type of the 2% conversion fee is payable in cash of businesses -- in - the main obstacle. capacity costs for the delay in the arrival of the property has been sold, it is necessary.

"Other important measures that we recommend in this area, and those that are removed when they sell shares in the REIT shares in exchange for the sale of property, the obligation to pay tax for hanging it. Negligence may be harder."

Rupert Dickinson, Grainger, Britain's largest residential landlord, that the Director-General said that "the right to legal framework, with the return of the suspect's homes should be able bodné. The Government, through direct investment performance of housing property to a large appetite, one of reasons, reliable and safe inflation - is evidence that the housing income insurance and pension funds, special rates for long-term promotion to make a profit. "

New rules for foreign direct investment checks

Only two months after the government announced major changes in foreign direct investment (FDI) norms, the Reserve Bank of the Philippines (RBI) and Ministry of Finance has requested a review of new regulations on issues several controversial cut in all sectors including banking, financial services, insurance, real estate, infrastructure and the airlines.

In an internal memo to recent changes in FDI policy, and presented a copy of which was to get Stan Hindustan Times, the Ministry has expressed fears that "one year after the invasion and sub-sectoral divide 49 percent and not significant. "

"If this position is adopted as such or as an unintended and liberalization are not clear," said a note.

The Ministry also wants to be that way, constructed in violation of sectoral Caps could be identified using a standard system with the introduction of the Reserve Bank or any regulator.

"The minimum investment, has nothing, or work with the Reserve Bank estimates, and therefore can not be violated" note.

The new standards are established and approved by the Council of Ministers will take the sanctity of the law only when it has been notified under the Foreign Exchange Management Act (Federal Republic). The Pentagon says that controversial issues should be clarified before the issuance of a notice.

Our View: Campaign finance laws miss problem

In certain circles, is the handwringing of fair political Practice Commission's report, $ 1.1 million poured into the country's political campaign, the law passed nine years ago, in order to limit money in politics.

Much of the money Dan Walters column identified "gaps indirectly Proposition 34, which attempted to carry the cash flow. But the loophole is another person's legal right to support - and yes, the impact of - the.

But this is not a problem. The problem is that so many people have found useful and necessary, to spend so many dollars to influence elections.

For example, a game GTECH has allocated $ 1 million on a campaign that offers 1C, ballot measures to increase sales and payments in California lottery multibillion dollars. Hopefully, GTECH californianus will only play for most of their money hoping to hit more jackpots. Or maybe GTECH can benefit from the growth in government sanctions gambling.

Some contributors give money to candidates to defend themselves against government intervention, such as companies looking to show the regulations. Other legislators who give the vote to increase performance, as the union of public school teachers.
The idea that some people have little support for their influence on the rejection of the right to contribute to the campaign ignores the obvious result. Other people drive a rally in favor of the impact of different ways to get interest in government halls. "The idea that in May the government restrict the speech of some of our society to improve relations with other voices quite alien first amendment," said the economist Thomas Sowell.

HSBC is expected, consumer retail business stagnation

Announcements made by any bank in India, LAL KIDUAI way, when the RBI and the government is concerned with the risk of foreign banks and the public sector.

For the year to February 2009, the bank records of dog growth more than 25%, while private and foreign lenders who see a decrease in the number of loans in the year-on-year to 20% compared with the growth in September 2008.

Since the crisis in the world, and also on the government and the RBI is taking steps to reduce the state and, therefore, asked the bank to lower interest rates. However, private foreign and not a signal sent by the government. Indeed, creditors will face a number of standard after the request made in March 2008.

KIDUAI HSBC also said that the video assets in the consumer goods, with the largest number of the recent past.

Meanwhile, HSBC is likely to delay their plans to open a bank financial companies (NBFC). RBI Bank have to obtain permission to banking regulations, but not punished approval. Bank, because, without delay. "We did not receive a license to the regulator, in fact, always a blessing for us, because we see that active business consumers who do not work for others and for us," said KIDUAI.

Yearly finance report

What is the strategic issues that require the attention of management at the same time? A: To ensure that the group is able to deliver the strategy and development, to enable the planning, we have some changes in organizational structure. These actions will allow us to focus on customer segments and important exchange of best practices throughout the group.

While the business model of his son, the structure is based primarily on national responsibility, we had to cover part of customer service online and knowledge to ensure that we are in good shape to reach the target in the future. To do this, we must ensure that the value of the group of about teamwork and cooperation is fully integrated in this body, the structure of the Matrix public.

Select Value, and establishing appropriate structures to ensure that we have the right to knowledge about the proper place is a challenge, but it will be the benefit to the organization for a long time, and includes the value was about time to install correctly.

Q: Some of the stars results in 2008? A: An important aspect of our strategy, was in 2008 in order to acquire the ability to create businesses in the whole group. Find the right of access to the service and the integration of different (cultural functionally) do not have adverse effects on economic efficiency is an important result in many markets, and me, the strength of this group.

How sweet is the magic work? Bank, it is TLGP

Goldman Sachs and other large companies are eager to repay the Government for capital investment Tarp.

But none of them is no reason, the Federal Deposit Insurance Corp. .. Bond Guarantee Program is more advantages. Goldman (ticker: GS), the 29 billion of debt at low cost through the FDIC, the Bank of America (BAC), $ 44 billion and JP Morgan (JPM), $ 38 billion. In total, over $ 340 billion in debt sold in less than six months, setting the agenda for the call from FDIC temporary liquidity guarantee (TLGP).

After two percentage points in annual interest by selling the debt guaranteed by the FDIC, rather than through the issuance of debt in their own country. Goldman, could add $ 600 million of years of savings. All participants for the May figure of $ 7 billion.

Goldman believes that the Tarp consider the warranty program of temporary liquidity, which recognizes that an important source of funding. Goldman says that reimbursement Tarp not affect its ability to use the guarantee of the FDIC, which expires in the fall.

"As far as we know, are not bound together," David Wines, Goldman financial capital, said Tuesday in a telephone conference to discuss the company on Wall Street for the first quarter profit of 3, 39 per share, about two of the estimated consensus and support for TLGP game.

"Some participants in the program of the FDIC guarantee, that [it] is not a capital Tarp today, and we believe that Congress made clear that they really have an interest in investments in companies that have received capital Tarp," said Vini

tudents increasingly rely on credit cards

"I have about $ 10,500 worth of debt," Philliou, 21, CNN said in a recent interview. He used to work full time as a sales representative in the gym, but lost their jobs last summer, and says that his financial situation went quickly downhill.

"My money gone. ... I do not want to spend all my savings, so I put some things on my credit card," said Philliou. "When I had to go shopping, I'd like it to have."

Nationwide, students use credit cards more and more as an economic crutch, according to Student loan giant sallia Mae. In a report released this month, the lender speeks students carry a record balance: an average of $ 3,173 for undergraduate, up 46 percent since 2004, and more than $ 4,100 to upgrade older, and to 41 percent since 2004.

The study found that freshmen made an average debt of $ 939, almost triple the $ 373 five years ago. Only 15 percent of freshmen mali zero balance - a drop of 69 percent with zero balance in 2004.

"Some uncertainty about personal loans, if too many students rely on loans is a last resort - that is, his credit card - - University of cost and financial - has a pocket costs."

The study, based on a survey of 1200 students, aged 18-24, including 60 percent of the students were surprised how high on their balance sheet, was 40 percent and pay, although they know they can not in that part of the law .

Given Philliou blame his situation on the part of the decrease. But it also includes debt payments on two luxury cars, and recognizes that it is not always the best financial decisions.
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"I am a part of the victims of the economic slowdown," said Philliou. "... And this is partly a victim of the waste life, you could say."

Lack of economic growth and the IMF

Accidentally (?) As a result of recent meetings of the Group of 20 is a repeat of the International Monetary Fund in the financial system internationally. Founded at the end of World War two as a result of the great ideas of Lord Keynes MAYNARD, the International Monetary Fund and the Bretton Woods institutions to center stage after the war economic system.

International Monetary Fund, in particular, is designed to stable exchange rates of countries and to help the balance of payments (balance of payments problems in the book) . Organization is designed to help and support to the rice country. This support has quickly become stricter standards, such as control of the budget.

Role of the International Monetary Fund and has become important in many developing countries lack of balance of payments problems of the book is the result of high oil prices and higher loan prices the international market. IMF, however, has been responsible for a number of different poverty.

This is not a sudden development. Until recently, the IMF in Latin America and some countries in Asia, many of the credit for Focus on the financial stability of the exchange rate losses and calibrated to adjust to some extent as a result of the assessment and crisis in Asia in 1990.

I remember Indonesia as a leading official visits in the banking crisis, the IMF, the national debt denominated in foreign currencies as a result of heavy government and appears to suggest that devaluation and the flow of foreign capital. In some countries, the Bank recommended that the IMF will lead to total collapse. Indonesian President, Executive Director of the IMF Michel degradation contract signed by Camdessus. This gives people in the protests of the IMF role.

A new round of bids for the development of GE loan

The Connecticut Housing Finance Authority of proposals by developers to obtain loans from the revolving fund in interest to search for another request is issued.

"Yes, we know that the CHFA and the reconstruction of Bridgeport for his continued commitment to happy," Donald Eversley, the city's economic development director, said.

However, GE, about a 10 million dollar revolving loan fund to make 25 million dollars put Phil Kuchma Lafayette Boulevard and Fairfield Avenue on the corner of the building included a stop is set for the developer. Work package structure of the existing building grant to continue to allow.

CHFA issued by the call of new business development and affordable housing for the combined use says. 15 private and nonprofit companies. CHFA for the proposal are invited to send in June

But CHFA, which companies to finance three new efforts to attract applicants in contrast to the previous call by the middle of the city are not limited.

"We at the Center, only a broad definition, I did not want to," Tim Bannon, CHFA's executive director, said. "Candidates do not disappear. Both of us from work."

He is the third project, GE is looking for the money involved for $ 200 million in shops and apartments nalegli the Harbor Yard complex. The plan was withdrawn by the developer.

Bannon said the GE money will not fund the entire project, but in May, to facilitate the financing necessary to make a joint venture.

"The lack of economic activities in the country, and want incentives it. Work with other sources of funding. We hope we can simply play a role in the development of viable financial project," said Bannon.
Eversley Bannon praised for its commitment to support in urban areas.

"I think the appointment Bannon is a real positive for the city of Bridgeport and the state space. The desc with his senior staff after it took the new position and support a meeting with [Mayor Bill Finch] and our team," said Eversley .

The cost of high-risk auto insurance to resist changes in Maryland

System of the Law: Maryland insurer of last resort, the agency created 37 years ago, the only of its kind in the country by the policyholder to pay a monthly or two monthly installments of other directors. They have to pay a premium - an average of $ 2,500 full coverage of the Montgomery and Prince George's counties - or go without insurance. If the policy is canceled early, almost 75 percent interest, it is clear during the first five months.

More than three decades, this niche industry lobbyists have been effective advocates in the cause of the economic relations of trust and the committees of the legislature to vote on economic issues, as well as House Speaker Michael E. Busch (D-Anne Arundel) - and blood donation campaigns. The 11 small businesses with most companies on their own and their status, as many local businesses to encourage lawmakers to support them.

"The pressure has not been able to work in the system, Miller said, describing the efforts of Baltimore senator push payment plan" tilting windmills.

"If you put on a payment plan will be the next GEICO MAIF" Bryson Popham, a lobbyist for the industry, customers have deemed this a last resort, an insurance company looking for an insurance are afraid to start.

Only among the poor driver is Krabbe said.
Supporters of the industry's operational and credit system of the plant out of MAIF said solvent.

Taiwan and China to sign a financial agreement for

The negotiations, held in Nanjing, China, 25-29 April, further warming ties with old enemies, ready to sign agreements that would facilitate business between the two countries, especially useful for the recession-Taiwan situation.

"There is no real significant differences between the two sides," said Shaw-Chang Maa, the Deputy Secretary with the authority to negotiate on Taiwan, after a meeting with Chinese Taipei, the third debate.

As the chairman of Taiwan Ma Ying-jeou took office in May last year, the China-friendly leader, the tensions with Beijing to facilitate trade and transit agreements signed last year in the negotiations

Topping the agenda for the next phase of negotiations is broad agreement on cooperation in the field of financial services. It will cover foreign currency clearing system between the Taiwan dollar and Chinese yuan, and mutual access to information on markets, including securities and futures, Taiwan top Chinese policy Lai Shin-Yuan told reporters.

Both sides are to increase direct flights per day, which began in December, which allow regular charter and scheduled flights, adding routes and destinations, Lai said.

Most of the past 60 years, direct flights are banned for safety reasons. However, 750,000 Taiwan investors live in China, lured a common language, and reduce labor costs.

"When the third round of negotiations to go smoothly, is more confident that the institutional dialogue, and this is important," Alexander Huang, professor of strategic studies Tamkang University in Taipei, he said. "You are still in the process of reconciliation and trust."

Taiwan and China, and accused each other of criminal investigation, authorities said, and expected to make an agreement with the manufacturing, service, and large infrastructure projects and the gradual opening of Taiwan investment in China should be addressed.

But both China and Taiwan by a top-shelf Official trade between the island's political issues during the last month, said that the focus of negotiations over economic.

I found the financial road map

"This is the best thing that I do in my life," said Cardenas is now relaxed, 46, sitting in the sunny living room of his North Hollywood home.

With the help of Los Angeles financial planner Jennifer Hartman, Cardenas staved off foreclosure needs more manageable fixed rate mortgages. He has also set up a household budget, slashed their costs and began tracking his spending. The process of their own finances, Cardenas found peace of mind.

The main conclusions: that posliduyut their financial plans, Cardenas and other currently less concern, and the cost of the Earth, breaking some bad habits that their finances rasstroystvo. Some even managed to achieve such dreams are buying houses, not expecting that advisers.

They do not have financial planning, but need the financial map, "said Delhi Fernandez, a fee only financial planner in Los Alamitos. (The Times, is paid only routine work, not because of any commission or revenue, floor-related financial products that are for sale. )

"People have no place in life that will take care of itself," said Fernandez. "If you do not know where you will not end if you want to be."

For other volunteers, has too much makeup. Glen Golightly, which promotes the company's involvement in Korea, and land and air, and I believe that this tolerance of heat and fear recession. Mark Stone and Jessica homes to buy or accept a new baby, even if they are already, and the other was stretched to the economic pressures. Steve Haibach and writing disabilities on his departure delays. Michael Sausser I am still the first row, the economic damage wreaked sickness, morning and fighting.

Shameful ending CFO

Burglary, and there was not burglarizing the house of a widow who can attend the funeral of her husband. No double dipping, rather than skimming the taxpayer hundreds of thousands of dollars to the city, which has closed its own fire department.

That is what the three proposed by the Board of Directors of the former Commissioner Uayne Canton Art Blackuell fact, when he served as a park in the hills of emergency financial manager. Blackuell was fired Friday after members of the committee concluded had committed a "flagrant violation of public trust" paid hundreds of thousands of dollars more than the state authorized.

Blackwell Gov. Jennifer Granholm called Highland Park Emergency Financial Services, using a $ 1 per year, but local economic emergency government loan last April his salary to $ 11,000 per month, is retroactive to October 2007 -- when the current total of a lot less than he has apparently collected. Blackwell said his research should focus on Highland Park improved fiscal situation, which he claims credit.

Highland Park workers undoubtedly pleased to learn of your pension fund is solvent. But the argument that the emergency financial manager to exploit its extraordinary ability to enrich themselves further than he worked for a permit or afford a very serious matter which undermines public confidence in government integrity.

Blackwell was better to prepare more detailed explanation of the check-writing wastage. And it seems that he better be ready to share is a jury of their peers.

The outcome of property financing: Respect your task

"If there is a change in the bank." The attitude of all types of real estate for a few months after the company reorganization. They reduce costs and additional staff, advertising, marketing and other overheads, "he said," Since the article published in Moneyweb property news website. Realestateweb.co.za.

"The invention and the exchange sector bonds, we've seen really no expected to reduce to reduce it over the last year," he reflected.

Pietermaritzburg Pelham Henwood work of RE / MAX Midlands, warned that tighter lending criteria in order to raise the level of city functions. A history of high sales. He is recognized by only 10 percent of 000 projected to be 3 houses could be sold in markets where banks are not lending their own homes. Want to have at any time in the near future.

Neethling and Henwood's comments last week to leave the depressing statistics ooba. Ingenuity and a mortgage, the South African racing for at least 60% of home loan application to be rejected.

But property Tessa Rodriguez receive payment mortgages for most of this decade, even now most of her program has been approved. She does not waste all the time to send a program with no hope of the system unit. But she said still processing. Not true. "The bank looks for excuses not to finance the site, she said.

Many consumers in the very high credit limits, and if you have a reasonable credit card debt can not be more than you can earn a return. If, however, did not reach your credit limit, it might be better to ask the bank to reduce its borders, "says Rodrigues. It is, therefore, that belong to the bank for a period of not less than the amount to be paid automatically to the maximum credit limit - and this in turn means that you may appear less disposable income to purchase the property.

Banks are generally more difficult to read when it comes to determining what is likely to help you at this point or credit transferred immediately. For example, says Rodriguez, one of the bank is unlikely to give you a loan if you have had the same job for at least two years.

Miklos: The Government will cancel the Finance

"What else you can call the relationship, in which Finance Minister seems nothing is happening, while Slovakia's industrial output in January fell by 30% and 28% in February. Disposals weaker revenue tax, VAT, was almost 40% and first quarter of this year," Miklos said the parliamentary hearings on the proposal the opposition to reduce the value of the'19 tax on 16%.

These changes in interest rates to promote domestic demand, and second the growth impetus for the Slovak Republic during the world economic crisis ends, the added Miklos.

He said that the Finance Ministry recently raised starting positions for next year's budget is based on the expected growth this year of'2, 4%. "A few days later, the central bank (NBS) released projections showing that the economy shrinks 2.4% in 2009, the Minister called on the realistic. And when asked when the Finance Ministry intends to review the assessment and the state budget, which is equivalent to about June," said Miklos. "This is incredible destruction of public finances in such a way that I can not even imagine anything else of its kind," he added.

Head of the Parliamentary economic Jozef Burian (Coalition for the direction of the party-SD), Miklos called Speaking retoričkih use, and added that the destruction caused by the tax rate reductions proposed by the opposition.

"I do not believe that the applicant is quite serious about this proposal. I am 100% sure that the applicant, the shoes, that coalition, not to submit such a proposal," said Burian. "The applicant says something that does not believe at all," he added.

Illinois: education finance decision

In Illinois judge ruled that the case, arguing that the state system of funding education in violation of the civil rights of Afro-American and Spanish students who live in poor communities, and has the honor to be heard in court. The event, which was in August, the Chicago Urban League, the other unions in cities and urban central Illinois, and a few families, argued that the state funding system, which depends on the local property tax, which leads to differences in the quality of education received minority students in poor neighborhoods, and of violating the civil rights of Illinois in 2003. Lisa T. Scruggs, a plaintiffs' lawyer, said Illinois is currently rated 49 to 50 Member States to contribute to public schools. "The way the resources of our schools is very sad, lady. Scruggs said: "But now there is reason for optimism.

Ohio State wants to use to replace the State House prisoners home ground keepers and managers expected that the cuts, a union anger. National Authority, which operates in the building, says it is likely that the use of two prisoners on the ground, five nights of work and cleaning. European Union, Ohio Civil Service Workers Union, which was dismissed workers is set to the center. "This is not like phantom power track - that is the real work, real people," said Sally Mecklin, spokesman. Union said that it is incorrect to replace the work of inmate workers.

Banks Set Back KKR Bid for AB InBev Korean Beer Unit

Calyon, ING Groep NV Group, Standard Chartered Plc, Natixis SA and Nomura Holdings Inc., the acquisition of KKR buys DONG YANG agreed to loan $ 900,000,000 to finance as much as beer, why not disclose information they have refused to confirm.

Affinity Capital Partners company, the new bid from KKR uiwa Oriental, five people who know the targets involved, said last month. Inbev and AB, the world's largest beer, perhaps two billion dollars by the company to seek a lower price is accepted, they said.

This is because the business is generating cash flow, "a KKR horse east duopolistic market," Gerard Rijk, ING Group's analysts, Amsterdam, Seoul - based on assessments and has sold 1.3 billion U.S. dollars for a beer manufacturer.
Parent company Lotte Group in South Korea's largest manufacturer of drinks, not to second round of bidding for the East today, and will build a new brewery, a company official, who requested anonymity, said in Seoul. An initial offering of Lotte declined as too low, said two people last month.

Sales of beer for beer in South Korea rose 9.7 percent to 1.63 million won ($ 1.22 billion) in 2007, after advancing 1.6 percent the previous year, of According to the brewery Hite Co., the only other Korean manufacturer.

Joshua Goldman-Brown, a Hong Kong-based spokesman for KKR, declined to comment on her in New York, the private equity financing.

Tyler City District 1, 3 Candidates File Finance Reports

Tyler City Council candidates for the regions 1 and 3 of the campaign has provided the financial report.

District, 1 city council candidate Sam Mezayek about $ 7,225 in donations for the first reporting period, more than $ 5,525 for his rival Nathan Lambert, director of sales Tyler.

Lambert, 29, raised to $ 1700 in accordance with the adjustment formula for financing the electoral campaign in the report, and maintained a political donation of $ 139.53 today, the last report. The reports show spending of $ 1,435.47 compared Mezayek was spending $ 384.25.

Mezayek, 41 a, and the construction of more money on his hands of $ 8,840.75, and other previous grants.

5 race in the province, 34-year-old Nathaniel Moran hotel and rival Keith Pyron (51 years) did not submit reports.
In March, the City Council district 3 Tyler canceled the elections and declared the current controversy 55 years) and Ralph caraway election. Caraway did not make any political contributions or expenditures.

Games for a dollar

program financed by the Department of New Jersey business, allows participants to save money and the savings in dollars for the right buck.
For example, if a participant saves $ 1,500, and to participate consciously Pouer series, which includes 12-session personal finances and money management workshops and savings for home ownership, post-secondary education or start a small business that will be $ 1500 matching program. Saving $ 1500, a participant was $ 3,000 in total savings.
To qualify as participants must meet income guidelines. Limited slots for the program is still available. For more information, contact Fred Jones (856) 451-6330, Ext. 212.

Cover Crop Protection Program offers:
Manufacturers who have not taken the necessary steps to qualify for assistance from the Supplemental Income Program, Emergency Assistance for livestock, honey bees and farm-raised fish, fruit and Assistance Program is necessary to complete the first step after May 18:

# Payment of $ 100 "buy-in" pay-per crop. The maximum fee is NOK 300 for the county, from the producers, not to exceed $ 900 for manufacturers in several districts.

# In case of any insured crop, except for grazing land, according to a police or insurance plan for next year's insurance for crop insurance is available, the level of coverage must be equal to or greater than 70 percent efficiency at 100 percent of.
Manufacturers who want to buy a sense of the provision of insured crop until the policy or plan of insurance crop tool in 2008 the level of coverage does not exceed 70 per cent yield of 100 percent of the cost. Dangerous farmers of coverage can be considered as 70 percent of profits. These levels of coverage guarantee is calculated in 2008.
Producers who meet the definition of "socially disadvantaged, limited resource or beginning farmer or EVE", is not obliged to pay to buy - charge

Free Personal Finance Lessons

Motivational Speaker Ron Williams and Paralympic athletes will begin the forum with a view to overcoming the challenges and set goals. Work. It also makes the link between physical and financial discipline in fitness, skills and training necessary to achieve personal success.

Participants will participate in workshops in different areas of personal finance.
- Management of personal funds in times of economic turmoil.
- Getting the most from the savings for your retirement.
- Managing credit and protect your identity.
- Teaching your children about personal finance.
- Pay for college now - I?
- What Homeowners need to know about mortgages and mortgage assistance.

The site provides information and resources relevant to a variety of topics: juggling daily expenses while saving for your child's education or retirement fertile; Receiving credit; Promote household budget or savings plan or buying home and avoid or close or mortgage fraud.More financial seminars in the "Dollar Sense" series, focusing on the elderly and retired and will also be scheduled during the year, which begins in April. The first, which aim to protect your retirement savings and investments in this economic environment, the 17th April in the north of Castle Senior Center in Chappaqua. 7. May seminar, "Your dollar strečink: Report your Money Today", will house in Tarrytown neighborhood.
Others will be scheduled at various locations throughout the district. Check the online calendar of financial education on money the case of web pages for dates and locations.

Reuters Islamic Finance in Asia and eyes closed REIT

Kuala Lumpur, April 16 (Reuters) - Islamic Finance Real Estate Investment Trust bank lender (REIT) to implement Sharia, and to keep employees at work, despite an economic slowdown, plans, its executive director, said on Thursday.
Mohamed Azahari Kamil said the Islamic finance industry, to help slow the time, the demand for other methods.
"Investors always in alternative asset classes to diversify their portfolios and we are seeing is that the property always the center of economic development in this area has been done in confidence," Azahari said in the Reuters Islamic Banking Summit.
That the most common in Malaysia, are investing in has been expelled "of features, based on assessment of the original, in addition, there is a lot more influence, or assets in the region on more than speculation" was.

CLSA estimated that half of the wealth of Malaysia, Singapore, South Korea and India on the property.
Kitahara said Asian Finance is available over 300 million each. S is for infrastructure and real estate in Asia and is looking at 130 workers.

"I was hiring people every day, even now," he said. "This is the best time for me to see the development of human capital."
The growth of the Gulf petrodòlars have Islamic banking career, but the sector is expected to be dominated by the presentation in real estate prices in the Middle East.
Azahara says the bank is the structure of the Fund is to assume that the airport at least $ 100 million U.S.

Nepal: global financial crisis

The classic function of financial crisis that the failure of the company resulting from damage resulting from its creditors, and these in turn are able to repay their debts in order to widen the circle to the corporate failures lead to an epidemic. This in turn leads to an overall production and employment. If banks are able to collapse one after another, without care to the creditors, the situation may lead to a possible downturn, recession, depression, even deflation. The worst scenario for the global collapse of the banking system, the entire financial system. But the situation is neither shade as there is still room for a further reduction in interest rates, the government can guarantee to creditors or directly buy assets. However, whether the policies have failed to eliminate hope, regardless of the amount of funds flowing to the financial system could come into Keynesian liquidity trap. Similarly, the recent Japanese experience shows very low or even negative interest rates if necessary to trigger the application. Happy, the new Obama administration, it seems, are rekindled the hopes of the United States.

But the crisis has deepened, and then brought the house struggling to ease the mortgage crisis. But as soon as the situation began to deteriorate further, and the White House on 19th September 2008 request of $ 700 billion financial rescue plan, the company's mismanagement of the mortgage bonds and the free flow of credit tightening. Representatives of the House of Representatives on 29 September, a huge rescue plan. 1 October, The U.S. Senate approved the plan in the House of Representatives on the assumption localities. With this group of bail, the Fed and the Bank of the West is moving rapidly in the past legends of the investors as a measure of last resort.

The possibility of accelerating growth in 2009-10: IMF

Government officials and the IMF reached an understanding on the macroeconomic framework for 2008-09 and 2009-10 be reviewed. Before the rest of 2008-09 remains difficult, particularly in the manufacturing sector. As a result, economic growth forecast for 2008-09 has been revised 2.5 per cent 3.4 per cent at the beginning of the program, said the first revision of the IMF standby arrangement (stand) is Pakistan. Down the review is not warranted at this stage, given the strength of the service sector and agriculture, and the good. However, according to the revised growth forecast from the risk of relegation, and a significant increase in real GDP in 2008-09 and 2009-10 can be to1 0.5 percentage.

2008-09, food and energy prices, an egg% for month and year - for each of the dishes and the rest of the rest of this year, core inflation - inflation heads home for a curator of the 10% to 20% by the end of June 2009 decreased by 6.5% compared to Small and Medium Business Administration of the program, and in June 2010. Discover patterns, opinions syeonui accelerated 2008-09 to 20-6% caused prices to drop an average of years 2009-10, said the International Monetary Fund. The report, which, as the shortage of energy and high interest rates, while the internal factors, external factors, the world demand to weaken the fibers. On the positive side, the report, in 2008-09 the agricultural production, including bumper grain harvest in wheat, cotton and rice crops and a significant increase in the need to compensate for the reduction of sugar production will benefit. With the prices of food and energy, economic activity is lower than expected, said that inflation is falling rapidly.

Do you forget the tax incentives for small businesses

Internal Revenue Service tax credit for many companies, many may not know. Tax and tax credit amount will be doing. Most credit widely, many times more than the cost to cover are available. Enterprise and investment.The argument is most of the work of tax exemption, file Form 3800 with the annual business income tax. The tax exemptions that were used during the year are usually transferred to one year, or in the future 20 years.

Employers should consult with financial advisors and to determine its usefulness and application of a tax credit forms.The argument is most of the work of tax exemption, file Form 3800 with the annual business income tax. The tax exemptions that were used during the year are usually transferred to one year, or in the future 20 years.
Employers should consult with financial advisors and to determine its usefulness and application of a tax credit forms.

Power cut
Companies can benefit from the growing list of energy saving and alternative energy credits available to reduce dependence on fossil fuels. Funds allocated for the use of fuel alcohol and biodiesel and renewable diesel fuel to provide more benefits, because companies that use alternative fuels for the transfer of credit in May to submit quarterly reports (Form 4136), rather than waiting for the end of the year.

Plans of Retirement
IRA contribution to the self-these companies to delay the retirement plan - an annual tax of $ 49.000 on the permits for business owners and officers of the place. This amount of 16.500 401 (k) with (more than 22.000 U.S. dollars within the limits of 50 may join) to the Ministry of Education a member of the Irish Republican Army may be obtained credit for small enterprises employer pension plan, an opening high of $ 500 annual cost. During the first three years of each new plan. The employer may choose, if your credit card before you can start planning.

Is a dynamic repository of government revenues and purchased through this season

Financial management, global investors that a desire to return and the constant fear of recession, which is bound to be one with the arrest of the financial markets that are celebrated with the burst is. Market's assessment that the last one and a half months, the recovery in risk appetite is marked means. The benchmark equity index,) has been very much less fall in the junk - bonds - and fat products (financial products, including a higher risk premium on credit default swaps has increased. T notes the last six to eight months from the start, the key driver The demand for liquidity. investors desperate to stop the bleeding U.S. government debt for "safe harbor" money was entertaining. Even now, congestion and confusion of the players after their long-term capital back to the job market for your interest in with, that we still see the need for security can.

Had any other specific factors are needed T-note near record highs. Fading confidence in the G-20 meeting on 2 April, when Propping is not only the U.S. debt, the state paper, but in most households. A collection of political officials from 20 countries, of which an estimated 85 percent of economic activity, the Summit was held in one of the few events which have an appreciable change in the national action in the world, true dynamics of the last global recession and economic problems. However, survey measures, the collection offered by the broad objectives, but the steps to achieve these objectives, a high level is inadequate. Only days to reach an agreement very difficult, the expectations were already low. Completely different proposal from T-note the strength of the Fed trying to quantitative relief. When the Fed decision to maintain unchanged the last policy meeting, there was a genuine interest in their plans to increase the supply of state funds in order to lower interest rates.

Sanford force the legislature to share

Deputies on Tuesday took the first steps towards Governor Mark Sanford called for the adoption and funding agents, when the Senate budget panel, and the action plan on public spending.

Finance Committee in the Senate plans to release the draft plan, which includes the disputed today by 350 million dollars in incentive money this year because of the O. .. Said Hugh Leatherman. Stay in the budget, that money is likely to survive and, perhaps, is the Sanford veto on whether the controls can not be forced to accept the government money.
Without federal funds, said Leatherman budget in the Senate must be 460 million in cuts to public authorities.

As regulators and federal budget cuts in assistance without warning and,, Sanford colleagues to $ 700 million for federal assistance to an alternative budget plan is equal to the amount of government debt to pay for her to meet the demand are preparing to tap away to have refused.

Tuesday was the focus on the status of prisons.
Greenville Republican Sen. Mike Fair, the prison budget subcommittee chairman of the Budget Update figures to be released soon and the three prisons, about 3,100 prisoners will be closed to the mean. State Fair about $ 21 million to balance the budget to reduce the need for prison.
"Do not send this ban," Sen said. Phil Leventis, a federal argument against the adoption of money paraphrasing.
Sanford spokesman Joel Sawyer of the lawmakers, in particular, Leatherman honest budget that is capable of with this approach is not ready, said. "
Sanford citizens that regulators deliberately terrible budget plans are scared.

"Senator Leatherman budget chaos, and delay the game to discuss strategy and realistic budget will have to stop," Sawyer said.
The political standoff, both sides playing chess incentives are keeping an eye on the end.
Lawmakers for a resolution before the top of the agenda, the Senate, have called if necessary. Tuesday, accounts, introduced by Sen. Vincent Sheheen, D-Kershaw, Sanford who received the money was sent to the Board would be required.

Intelligence working group member of a new direction

A face with the situation, it is quite common, projects and consultancy, and the addition of new members to the team after the project. There are many reasons for this situation: the project plan called for the addition of resources for this project, and this change requires additional resources, and is one of the project and the aim is for any reason, as well as the space needed to support the filling, etc., regardless of cause, may be a matter of urgency now for new tools and ramped production as soon as possible. It is assumed that the resources and skills appropriate to the task, therefore, and this resource is to work in full swing, and skills could be owed as possible.
The platform or in the process of identifying the project, understand the situation from a historical point of view, gradual, and then scroll down to customers information about products, project management, and group members who participate in the Client, solutions and technologies. Quickly and effectively so, is to collect information that can be seen that after an hour or two with the young players. We recommend that management of the project to the completion of the review team with new members.
Of course, it is possible that some of the needs for more time to learn to read and review documents related to members of the group can be trained to appropriate levels. However, the orientation stage to identify the type of work, production and efficiency.


Analytics: Unlocking the value of the BI initiative
The final value of your principal, and the survey information. But for most companies as a means to address this challenge in the understanding of the data sueopneun a serious mistake not worth reotyi information.
This is an important concept, and the repetitive: ≠ data and information.
To convert data to information, and companies in the 3 - step process: the need

1. Data warehouse (dry) - the structure of data and data on how the rules of the family should be.

2. Business information - Exchange of data and reports, you can create a necessity.

3. Analysis - Companies and other customers of the new trends and segments can be found opportunities for data analysis, and must be extracted.
Most companies transform data into information for the dry and BI initiatives, and thus participate in the following three steps sueopseup. Why?
I have a problem with nomenclature. The term "business" is the killer. SAP (Business Objects), IBM (Cognos) software vendors such as Oracle, Microsoft and others in terms of "business intelligence" to describe this region can enhance the term itself in a good position and location. By default, companies that buy the programs will automatically collect information tools and the ability to perform its activities. Moreover, because these tools, the "information" available with a higher price.

Extend the Hyperion Business Performance Management Wing

Hyperion Solutions Corporation Monday introduced a new version of the software management of the business, a new application for planning and financial modeling to improve the building. Hyperion has introduced Hyperion Applications Suite 4.0 in its 2005 decision, the user conference this week in New Orleans.
Enterprise performance management of financial planning, forecasting and analysis to help identify the strategic objectives, develop plans to achieve these objectives and the impact of the monitoring and analysis. Research company IDC provides performance management software, sales increased to $ 1.2 billion in 2003 to 2.1 billion dollars in 2008.


"Three people believed to be well distributed in the philosophy of our solutions will increase. Do you want financial planning and reporting," he said, banks use the version 3.5 software suite and he expects the transition to the new version in the near future. Fifth third bank in Ohio, Kentucky, India, Illinois, Florida, Michigan, West Virginia and the market
Hyperion Applications Suite includes five applications: Hyperion Performance Scorecard, strategic planning, financial modeling and financial management. Hyperion Planning modules including planning work to help companies work with the strategy.

Deloitte moves, Close Invoice Finance, TRPI

April (Reuters) - The following financial services industry agreements were announced Tuesday. To inform us of other job changes, e-mail moves@thomsonreuters.com. Deloitte Business consulting company called Nick Robinson as director of restructuring services team. Robinson, a former distressed assets and restructuring lawyer with walkers reliably, an offshore law firm will work closely with the Deloitte Foundation's advisory team. CLOSE Invoice Consolidation Parameters Financing Options Independent contractor and Factoring Invoice discounting services and is part of the merchant banking group Close Brothers Group PLC, named Ian Stewart as the Director for North England. He was previously with five arrows, Commercial Finance, NM Rothschild invoice finance subsidiary. T. Rowe Price International, Inc. (suffering) Investment management company named Christopher Alderson as CEO after the departure of David Warren.The company also hired Anna as the new director of operations and Sally Patterson as Managing Director. New linked from Russell Investment Group, while Patterson is T. Rowe with over 19 years. (Compiled rich Dubey in Bangalore.

Micro Finance International Stearing Commitee & Client Protection

The Campaign for Client Protection in Microfinance is an industry-wide alliance formed to affirm and institutionalize the commitment to client welfare in the practices of microfinance organizations (MFIs) worldwide. The Campaign's six principles include ensuring that MFIs do not engage in reckless or predatory lending; that they are transparent with clients about prices, fees, and terms; that they treat clients with dignity, even during debt collection; and that they keep client data secure.
The wide geographic distribution of Steering Committee members ensures that the Campaign will be broad-based and help shape the practice and principles of thousands of microfinance organizations currently serving tens of millions of the working and entrepreneurial poor worldwide.
Committee members include Clara Serra de Akerman, President, Women's World Banking Colombia; Daouda Sawadogo, General Manager, Federation des Caisses Populaires du Burkina (FCPB: undefined, undefined, undefined%), Burkina Faso; Shireen Farrag, Executive Director, Sanabel Network, Egypt; Anne-Francoise Lefevre, Head of WSBI Institutional Relations, World Savings Banks Institute (WSBI: undefined, undefined, undefined%), Belgium; Asad Mahmood, Managing Director, Global Social Investment Funds, Deutsche Bank, United States; Vipin Sharma, Managing Director, Access Development & Access Alliance, India; Kate McKee, Senior Advisor, CGAP, United States; and Elisabeth Rhyne, Managing Director, Center for Financial Inclusion at ACCION International, United States. A complete list is here.

World Buisness Highlights

New York, said the Bank understand the $ 3.39 per share, easily exceeded analysts' forecasts of earnings $ 1.64 per share. This compared with revenue $ 1.47 billion, or $ 3.23 per share a quarter ended in February 29 last year. Goldman's news, delivered days before that, as expected, came days after another top performance in the bank Wells Fargo & Co. announced that it expects the report to a record first-quarter profit for 3 billion dollars, which is well above the estimates, the Wall Street. Express Scripts buys Well Point Unit $ 4.68B Indianapolis (AP) - Express Scripts Inc., stands for a significant impact on his negotiations with $ 4.68 billion deal to purchase pharmacy benefits management companies health insurance company Well Point, Inc., and experts say that could mean savings for customers' purchase of prescription drug ads.
The state can not be pirates, we want not only to people who tried to hijack M / V Maersk Alabama and has been held hostage, said the American captain Erik L. Johnsen President of Mobile-based International Ship Holding Corp. for Alabama, that the owner, Maersk Line Limited, located in Norfolk, VA. He said that many of the seafaring peoples of the team, in order to combat the problem. Stocks end mostly higher than the profit reports NEW YORK (AP) - Stocks closed mostly higher Monday as a flurry before the earnings that could determine whether the economy is indeed better, as investors hope that the last month, as they drove the market higher.

Canada: Alcoa wage demand by 15%

Alcoa said it would reduce production and lay off 275 workers at a smelter in Canada, if employees do not agree on 15 percent of wages. Negotiations are still ongoing between Alcoa, which is located in Pittsburgh, and a union representing some 1,000 workers at the plant in Bécancour, Quebec, said the representative of Alcoa Kevin Lowery. Alcoa has told staff at the beginning of March, he wanted to reduce labor costs in the business and other operations in the province of Quebec. The company reduced the production of approximately 136,000 tonnes Bécancour.

Market chatter - Finance digest

* Values in Canada industry surveillance propose new rules for trade in bonds to address the concerns of investors brokerage that can inflate prices and hiding large Commission, the world of e-mail said. [ID: nBNG307035].

* Creditors to finance Texas Tom Hicks Hicks Sports Group Company has declared in rebellion, a measure that could evict the club from Texas Rangers baseball and Dallas Stars in hockey franchise of its control, the Wall Street Journal says. [ID: nBNG74498].

* A group of General Growth Properties Inc. GGP.N bond have requested the administrator to sue the landlord for payment of their overdue bonuses Mall, the Wall Street Journal reported on its website. [ID: nN13392097].

* Serious contenders to replace Sandy Crombie as chief executive of Standard Life Plc (SL.L) are emerging after a first list containing the names began to circulate in the financial circle in London, the Times said.

* Chrysler creditors plan to make a counteroffer to the U.S. Treasury this week, which may be required to equal a Chrysler with a combination of a potential partner of Fiat SpA (FIA.MI) in exchange for concessions The Wall Street Journal reported, citing people familiar with the matter. [ID: nN13396587].

* In Japan Sumitomo Metal Industries Ltd (5405.T) is in talk with India Bhushan Steel (BSSL.BO) in building an integrated steel plant in the state of West Bengal, India, economic journal Nikkei reported. [ID: nT72704].

* A proposed takeover of eBay Inc. (eBay) Skype led by private equity, including Warburg Pincus [WP.UL] and Kohlberg Kravis Robert [KKR.UL], and the telephone company to co-Web founders is unlikely to be completed, the Wall Street Journal cited sources saying that in his blog.

State revenue falls short of projections
The reports deal with the animal Wednesday deadline for the submission of income tax, perhaps at the time of the most important week of the national income - if more than one billion U.S. dollars a day does not flow into state coffers. "These figures underline the fact that we have done through our major economic downturn in years," said HD Palmer, California Department of Finance spokesman. The agency reported on Monday that the country's $ 415 million in revenue, which is lower than forecast in the budget in mid-February. For the year, has a budget of $ 737 million to finance the department. These assessments report on the heels of Friday, state Controller John Chiang found that the $ 178 million in revenue per month.
If not, there almost certainly will be further cuts in state spending. Under current worst-case scenarios, including the omission of three budget-related measures on the ballot for 19 May special election, the legislature may look at the $ 14 billion budget deficit. Legislators are meeting to draw up plans, said the Assembly woman Noreen Evans, D-Santa Rosa, President of the Assembly Budget Committee. "We have to look at things such as closing parks and schools," said Evans. "I think there is a lack of understanding of how big this crisis is, and what these cuts would look like."

Here is late: Some Good News Banking

I know that happens assessment from the IMF reportedly said that for all toxic and will be in balance sheet assets and liabilities of banks and insurers have been even higher than $ 4 trillion, and realize that this week FDIC OvBefore you write them, however, important that we clarify our terminology. When it comes to the current crisis, all banks will certainly not created equal - or equally culpable. As Edward Yingling, president and CEO of American Bankers Association, indicated in his letter that he sent to President Obama in February: "Wall Street and Main Street banking is different." These Main Street bank continued to do . According to the Federal Reserve System, the total business lending at banks is 12 percent in 2008 - raskryazhevki behavior scale lending in the past six recession. In fact, a new survey of the National federation of independent business, it was found that only 8 percent of small businesses reported difficulties in obtaining financing is necessaryerbey view of two banks - 22 and 23 years of acquisitions.

Another bright spot on the face of banking in front of credit unions. And participating in the capital close to their record levels of lending to its own balance sheet. Unlike large banks, credit unions, with the maximum three-month profits among shareholders are, but that does not belong to the member with stability and want the service. Because their aim is not to maximize short-term profits, credit unions to meet a large steered axles risky subprime loans. Own balance sheet as a result may well Geithner stress test. Eighty-five million Americans belong to credit unions. And for Credit Union National Association, as in the middle of 2008, the members on mortgage delinquencies were only 0.7 percent. Credit Union loans made by credit unions, such as approximately 70 per cent opposed to being sold on the secondary market. Banks and credit union members in 2008 than low wages and high interest rates on savings offered through the bank rather than a credit union is recorded $ 10.9 billion.

"I think experience suggests that if you are looking for a secure financial institution in these turbulent times, and I think small, local ... I think that looking for the banking and credit institutions that have ties to your community." When you're done, you can rest assured that the deposits in credit unions insured by the government, backed by the National Credit Union Share Insurance Fund - the equivalent of the founding credit union.