Monthly Archives: July 2014

Connecticut’s Debt Maintains Negative Rating – Yahoo News

The decision by lawmakers and Malloy to deposit $400 million in the rainy day fund and fully funding Connecticut’s pension obligations will help increase the ratings, he said. Fitch said the state’s budget troubles are tied to Connecticut’s weak economy, which generates revenue from personal and corporate income taxes, fees and other sources. “Economic recovery has been slow and uneven since the recession and the state’s large and important finance sector continues to weaken,” the ratings agency said. Connecticut’s personal income tax collections are volatile, making revenue forecasts difficult, it said. Revenue in the first half of the 2014 budget year surged, with solid year-over-year gains in personal income tax collections that prompted the state to raise its forecast expectations, Fitch said. But after lower income tax collections in the spring, the state cut its forecast for revenue growth, it said. Fitch’s view stands in contrast with Malloy’s argument that he’s avoiding budget gimmicks, such as delaying payments and borrowing, to balance the state budget. The current budget relied on “one-time measures” to achieve narrow forecast surpluses in the 2014 budget year and next year, the ratings agency said.
For the original version including any supplementary images or video, visit http://news.yahoo.com/connecticuts-debt-maintains-negative-rating-210742501.html

Affordable Car Insurance For High Risk Drivers Now Featured At Insurer Website

An average driver who is not labeled as a future risk for accidents can still receive a quote through the price finder. Rates for liability, collector, non owner and full coverage can be found. “What our website offers is a public and secure way to view rates without the need to contact insurance companies by phone to evaluate rates,” said the source. The Quotes Pros company website is now updated to produce more than SR22 or other types of complex vehicle insurance plans. The providers of life, renters, homeowners and health plans that can be sorted in the system are quoting plans at http://quotespros.com/renters-insurance.html . About QuotesPros.com The QuotesPros.com company provides individual or group based insurance policy pricing using its national search system promoted on the Internet. Consumers from the U.S.
For the original version including any supplementary images or video, visit http://www.prweb.com/releases/affordable-car-insurance/auto-insurance-quotes-usa/prweb12057183.htm

U.s. Senate Shortens Transport Extension, Sets Up Clash With House – Yahoo News

The Democratic-controlled Senate had been considering a House-passed measure for a longer-term extension through May 2015, but reduced the amount of money with the aim of forcing Congress to approve a long-term transport funding bill during its post-election “lame duck” session in November. The final bill, which also stripped the main funding mechanism in the House-passed measure, revenue from pension accounting changes, passed by a strong bipartisan vote of 79-18. “Let’s force the Congress this year – before the end of this year – to deal with an issue that’s very important to our nation,” said Senator Bob Corker, a Republican who co-sponsored an amendment to reduce the funding amount. The vote raises the stakes for Congress as a twin deadline looms on Friday for a reduction in payments to states from the Highway Trust Fund and the start of a five-week summer recess for lawmakers. Republican House Speaker John Boehner earlier on Tuesday said the House would simply strip any changes made by the Senate to the transportation funding bill and send back the original House version to the Senate for approval. Such legislative “ping-pong” with time running out raises the risk that Congress will not replenish the rapidly dwindling Highway Trust Fund before Friday.
For the original version including any supplementary images or video, visit http://news.yahoo.com/u-senate-shortens-transport-extension-sets-clash-house-001929578–finance.html

Insight – Jaded Argentines Brace For Looming Debt Default – Yahoo Finance

Panero was lucky in 2001. His distrust for banks meant he hid his dollars elsewhere, clung onto his savings and was able to buy an apartment after the prices of property in dollar terms fell sharply. Like others, Panero is resigned to Argentina having to muddle through even longer without access to global debt markets if Fernandez and the holdouts dig their heels in. “This will mean less investment, fewer jobs, fewer dollars coming into the country, so the government may tighten further capital and import controls,” said the father of two. Even so, there are signs the populist Fernandez could get a ratings bounce. A poll published last week by Poliarquia Consultores showed 47 percent of Argentines believed Fernandez’s government was dealing with the holdouts in a “positive” way, compared with 38 percent a month earlier. Only one in four considered the crisis was being handled in a “negative” way. Fernandez’ leftist rhetoric may be striking a chord with those Argentines who benefit from generous government subsidies and social welfare payments. Argentina’s economy rebounded after the 2002 crisis, driven by lucrative agricultural commodity exports and printing of new money to help spur domestic consumption.
For the original version including any supplementary images or video, visit http://finance.yahoo.com/news/insight-jaded-argentines-brace-looming-050609173.html

Nyc Pension Funds Report 17.4% Gain As U.s. Stocks Soar – Bloomberg

Evans, who managed almost $500 billion at the TIAA-CREF retirement system, replaced Seema Hingorani. Hingorani and her predecessor, Larry Schloss, expanded investments in hedge funds and junk bonds , and fired more than 40 investment firms for poor performance. The city funds farm out supervision of all their assets to investment firms at a cost of $472.5 million last year. New York employed 250 investment firms as of June 30, 2013. The city funds had a combined 11.4 percent of assets in private equity, hedge funds, and real estate as of May 31.
For the original version including any supplementary images or video, visit http://www.bloomberg.com/news/2014-07-28/nyc-pension-funds-report-17-4-gain-as-u-s-stocks-soar.html

Sr22 Insurance For High Risk Motorists Added To Local Quotes System At Insurer Website Online

“We’re one of the few websites offering a way to look up or compare insurance policies by zip code and have organized our tool to extend privacy to car owners,” a Quotes Pros rep said. The national finder that is available for American vehicle owners to access from the Quotes Pros website has the capability to produce different coverage formats aside from high risk. A person who is interested solely in liability, non owner or full coverage options can directly quote these packages. “The entrance of a zip code is the first step to sorting through our system and various providers can be reviewed to find the right automobile policy,” the rep included. The Quotes Pros company is also showcasing various formats of insurance coverage that are not automotive related this year. Consumers can easily access the life insurance, renter insurance and homeowner plans good for all states in the USA at http://quotespros.com/renters-insurance.html .
For the original version including any supplementary images or video, visit http://www.prweb.com/releases/sr22-insurance/auto-insurance-quotes/prweb12049157.htm

Israel Extends Truce As Gaza Death Toll Over 1,000 – San Diego, California News Station – Kfmb Channel 8 – Cbs8.com

The mother of eight said the home she had spent 10 years saving up for and moved into two months earlier had been destroyed. “Nothing is left. Everything I have is gone,” she said. Across Gaza, more than 130 bodies were pulled from the rubble Saturday, officials said. In southern Gaza, 20 members of an extended family were killed before the start of the lull when a tank shell hit a building where they had sought refuge, Palestinian health official Ashraf al-Kidra said. Israel launched a major air campaign in Gaza on July 8 and later sent ground troops into the Hamas-ruled territory in an operation it said was aimed at halting Palestinian rocket fire and destroying cross-border tunnels used for attacks. More than 1,000 people, mainly civilians, have been killed and more than 6,000 have been wounded over the past 19 days, al-Kidra said.
For the original version including any supplementary images or video, visit http://www.cbs8.com/story/26118585/israel-agrees-to-extend-gaza-war-truce-by-4-hours

Mortgage Returns Introduces New Prospect Manager Product – Yahoo Finance

Please enter a valid phone number. Please enter your Phone Number. Send Thanks! A link has been sent. Done Mortgage Returns Introduces New Prospect Manager Product Mortgage Returns 16 hours ago 0 shares Done ST. LOUIS–(BUSINESS WIRE)– Mortgage Returns, a provider of TRUE CRM technology and automated marketing solutions for the mortgage industry, has announced an addition to its CRM called Prospect Manager, which provides mortgage originators with an end-to-end solution to manage prospective borrowers throughout the entire loan process. Prospect Manager is a bolt-on website for loan originators that allows Mortgage Returns clients to submit 1003 loan applications online. The product provides mortgage originators with an online portal to effectively track the details of a prospective borrowers account and loan application while delivering relevant, automated marketing. The product also offers lenders with complete automation and integration between the LOS and CRM system.
For the original version including any supplementary images or video, visit http://finance.yahoo.com/news/mortgage-returns-introduces-prospect-manager-131600812.html

Reversing The Decline In Small Business Lending | Cato Institute

Heres how Cato puts Sponsors contributions to work. By Mark A. Calabria This article appeared in DC Examiner on July 25, 2014. Of course small business lending is risky. The annual failure rate for firms with fewer than five employees averages around 20 percent 1 in 5. Thats true even during a boom. And younger firms, which are more likely to be minority owned, fail at even higher rates. While small business lending often declines during a recession, recent regulatory changes may well result in a permanent decline in bank lending to small business. The impact will be felt across all small businesses, but the effect is likely to be greatest for minority-owned small businesses, as statistically these owners often have less personal wealth and weaker credit histories.
For the original version including any supplementary images or video, visit http://www.cato.org/publications/commentary/reversing-decline-small-business-lending

Plea Lets Ex-dp Cop Veit Keep $90,000 Pension – Journal & Topics Newspapers Online: News

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