Creating A Line Of Credit With Friends: The New Trend In Finance

Michigan Finance Authority revenue notes rates SP-1 -S&P

Puddle gives everyday people the opportunity to own a small virtual bank with their friendsno fees and no applications. Users decide on interest rates, who can be members, and who can borrow money. The best part: profits made from the interest rates paid by borrowers are distributed among group members. Puddle is a response from three of social entrepreneurs that have challenged traditional microfinance and suspect lending practices for more than a decade: Ashoka Fellows Solomon Raydan , Jean Claude Rodriguez-Ferrera and Matt Flannery ( Kiva co-founder and CEO).

Ferro Rejoins STMicro as Finance Chief After Unit Split

Since the end of the war (World War II), our nation has consistently built up a society which thoroughly advocates peace and human rights.” “This direction remains unchanged, going forward,” he added. Aso often speaks in a meandering style that has gotten him in trouble for off-the-cuff remarks in the past. He has apologized previously for accusing the elderly of being a burden on society, joking about people with Alzheimer’s disease, saying the ideal country would be one that attracts “the richest Jewish people,” and comparing the opposition Democratic Party of Japan to the Nazis. On Thursday, Aso insisted that he was referring to the Nazis “as a bad example of a constitutional revision that was made without national understanding or discussion.” “If you listen to the context, it is clear that I have a negative view of how the Weimar constitution got changed by the Nazi regime,” he said.

The schools’ management said it ended fiscal 2013 with a $6 million deficit but expects to report a surplus of approximately $6 million in 2014 due to school closures and possible midyear budget cuts, S&P said. “The rating reflects a pledge of all state aid to be appropriated by the state of Michigan to the Detroit Public Schools starting with fiscal 2014,” the rating company said. The Detroit Public Schools enrollment could fall by as much as 33 percent, and state aid will be sufficient to cover debt service, according to S&P.

Japan finance minister under fire for Nazi comment

Japanese Finance Minister Taro Aso is surrounded by reporters at the ministry in Tokyo Thursday, Aug. 1, 2013.

STMicroelectronics and Ericsson decided to dissolve the 50-50 partnership, which designed chips used in mobile phones, in March after failing to find buyer during a three-month search. Ericsson said today the ventures split is complete and 1,800 employees working with modems will join the Swedish company, while STMicro would take on the ventures other parts. STMicro said Ferro will also be responsible for legal, central operation planning, procurement, information technology and investor relations on top of his financial duties. He will work with Chief Executive Officer Carlo Bozotti , 60, who has headed STMicroelectronics since 2005.

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