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Tough financial rules proposed -- will they work? (AP) The Obama administration's aggressive plan for strict scrutiny of hedge funds and other freewheeling investors, part of the biggest expansion of financial restraints since the Great Depression, is drawing instant opposition from Republican lawmakers and the rules' targets. yahoo.comTaxWatch: Facing a tax bill on cancelled debt? There is a way out Many folks have lost a job or watched their income plummet during this financial crisis, and that's meant more people defaulting on their credit-card or other loans. Market WatchJudges fail in Tribunal bid to extend working lives beyond 70 Two judges fighting to work beyond the age of 70 have lost their case, the Tribunals Service has said. Times onlineHow do you feel about the Obama`s administration`s push to collect more taxes? You have to work and put away money in a disciplined fashion for a rainy day in a retirement account, little by little to understandwhy taxing the dividends and interest that your hard earned money might make is being taxed twice on the same money. So when the rich get taxed on their massive dividends and interest, so do the poor. So BOH gave us a bone that those over 70.5are not required to withdraw the Minimum amount from their IRA for the tax year 2009 . big deal!. those of us over 70 have probably lost 50% on their IRA, and need to withdraw to live. the other money outside the IRA if we are fortunate to have any will be up for the politicians and the tax man to grab.And I agree that no one can stop this congress from taking over our money and lives and our freedoms...don't get me started on the last two subjects. Wall Street JournalHDFC: Yielding groundBusiness Standard The land hurdle again It is a matter of regret that the governments bid to spend more on infrastructure projects, to provide a stimulus for the economy, has not delivered on this objective because of that familiar problemhurdles in the way of land acquisition. An official review of projects that have been held up is reported to have revealed that as many as 70 per cent of the 190 delayed works are victims of roadblocks in the way of getting land. These include nearly 60 projects of the Indian railways, 40 of the National Highways Authority of India and 20 power projects. Some of them have been in limbo for over a decade and may have to be shelved eventually, as cost estimates have gone haywire. Protests by land owners against the forcible takeover of their land, as seen in Singur and Nandigram, are not the only reason why land could not be acquired for these projects, though it is of course the most common reason. Business StandardHigh Desert Gold Corporation Files Fiscal 2008 Annual Financial Statements VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 26, 2009) - High Desert Gold Corporation ('HDG' or the 'Company') (TSX:HDG)(TSX:HDG.WT) reports that it has released its audited financial statements for the year ended December 31, 2008 and the related management's discussion and analysis of financial position and results of operations ('MD&A').The Company experienced a significant reduction in working capital following the completion of its substantial issuer bid (Press Release 09-01 dated January 8, 2009). After adjusting for the share buy-back of 33,862,870 shares in January 2009, the Company had working capital of approximately US$1.7 million. There are currently 7,190,464 shares issued and outstanding. Market WireShriram Transport: Speedbreaker Even the second-hand truck market seems to be slowing down. Shriram Transports Managing Director R Sridhar says his company will grow at a more subdued 20 per cent in 2009-10, way below the 59 per cent rise in revenues seen in nine months to December 2008. The Rs 2,451-crore firm, which lends more to small truck operators, says there are fewer takers for loans at a time when industrial activity is slowing down. Business StandardNew rules all bark, no bite? Washington » Tough as they seem, will the Obama administration's proposed strict new Wall Street rules really work? The administration's aggressive plan for strict scrutiny of hedge funds and other freewheeling investors, part of the biggest expansion of financial restraints since the The Salt Lake TribuneTroubled assets in Asia look ripe for the picking - International Herald Tribune: Business From Chinese nonperforming loans to property developers' debt, distressed assets are piling up in Asia and some investors expect a fire sale at least as big as the one during the 1997 Asian financial crisis. NewsRack1 2 3 4 5 |
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