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GE Loses Triple-A With Moody`s Rating
GE lost its last triple-A credit rating as Moody's lowered its ratings two notches for GE and GE Capital.
Wall Street Journal

Leading Carton Sealer Company BestPack.com Launches Inflation Buster Promotion
BestPack, one of the worldwide leaders in designing and fabricating carton sealer machineries, gives companies the opportunity to automate their facilities at a very affordable price. For a limited ti...
Big News Network

Dow jumps as White House moves on bad bank assets
The Obama administration aimed squarely at the crisis clogging the nation's credit system Monday with a plan to take over up to $1 trillion in sour mortgage securities with the help of private investors. For once, Wall Street cheered. The announcement,...
SF Gate

US confident credit markets will thaw
US President Barack Obama has expressed confidence in a plan to dispose of troubled assets held by US banks.
The Australian

Bank of China grants 650 mln yuan loan to exploit multi-metal mines in Tibet
The state-controlled Bank of China (BOC) has granted 650 million yuan (95.17 million U.S. dollars) of credit loans to a local company for exploiting multi-metal mines in Tibet Autonomous Region, the b...
Big News Network

Rating in choppy waters
Rating agencies in India are witnessing a sharp rise in business as a result of the coming into play of the Basel-II norms which define the risk-related capital adequacy of banks. These stipulate that a bank must provide capital commensurate with the implicit risk in its asset portfolio. If a bank gives a loan to an entity that carries an inadequate rating or no rating at all, then it must bring in sufficient capital to back that risky asset. As a result, banks are rushing to get rated their small and medium business customers who enjoy credit above a certain level. The problem is that rating fees are determined by the amount which a business seeks to raise as debt and for which it is being rated. In the case of SMEs this fee turns out to be quite small and the head of a rating agency has observed that the fee is typically not enough to meet the expenses involved. Hence there is pressure to outsource the rating work for SMEs, and concern over the quality of such rating.
Business Standard

GE Loses Last AAA With Moody`s
GE lost its last triple-A credit rating as Moody's lowered its ratings two notches for GE and GE Capital.
Wall Street Journal

Brain quirk could help explain credit crunch - New Scientist: Living World
Why did so few people question the behaviour that resulted in the financial crisis? Brain imaging suggests the way we accept expert advice may be to blame ...
NewsRack

LEARN: An Acronym to Avoid Societal Collapse - NewsTrust Yahoo Pipes Feed
This is a guest post by semi-retired mechanical engineer John Howe. John is well known in peak-oil circles for his invention of the . Below the fold is a short essay by John Howe on the steps he feels are necessary for adaptation in a post-peak oil world. He indicates that five steps are needed. These steps can be remembered by the acronym "LEARN". L E A R N A one-page acronym to define five actions necessary to avoid societal collapse because of the imminent decline of finite fossil fuels: LOCALIZE agriculture, energy production, social services, essential manufacturing, etc. All will have to regress to a limited "twenty-mile radius" community. This will not be a choice. The inevitable curtailment of transportation fuel will ...
NewsRack

Senate Testimony on the Energy Water Nexus - NewsTrust Yahoo Pipes Feed
Below the fold is the 3/10 testimony to the Committee on Energy and Natural Resources united states Senate by Professor Michael Webber, Department of Mechanical Engineering and Associate Director, Center for International Energy & Environmental Policy at The University of Texas at Austin (hat-tip Debbie Cook). Dr. Webber explains the intricate and increasingly vital links between energy and water, both in the united states, and the world. As previously mentioned, I have a paper (finally after nearly 3 years) in press on the Energy Return on Water Invested - a statistic that further adjusts a technologies unit energy return for each associated water unit (consumption or withdrawal). How we choose/optimize between limited and limiting natural ...
NewsRack

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