MY BIZ: Finance Ministry declares war on CAD

Obama touts mortgage finance plan, highlights private sector role

Negative sentiment will push down the rupee further to trade near 62 levels in coming days, he added. Crisil chief economist DK Joshi said that since CAD is a structural problem that cannot be reduced very quickly, the government will have to send a positive signal to attract more foreign capital in the short run. Rajan to take the reins of RBI By Mail Today Bureau in New Delhi Chief economic adviser (CEA) Raghuram Rajan was appointed as the next Reserve Bank of India (RBI) governor on Tuesday. Rajan will be among the youngest governors when he takes charge from D Subbarao on September 4.

RAGHURAM RAJAN

Credit: Reuters/Larry Downing By Jeff Mason PHOENIX | Tue Aug 6, 2013 6:32pm EDT PHOENIX (Reuters) – President Barack Obama called on Tuesday for broad reform of the mortgage finance system to boost the U.S. housing market, help still-struggling homeowners, and prevent one of the triggers of the 2007-2009 financial crisis from happening again. Obama picked Arizona to make his remarks, choosing a state that came to symbolize the painful bursting of the housing bubble in 2007 and 2008 that led to a wave of foreclosures and wiped out trillions of dollars in household equity. “This was part of ground zero for the housing bubble bursting,” Obama said, addressing an audience of high school students and faculty in Phoenix, where house prices cratered and foreclosures soared five years ago.

Avidbank Corporate Finance Provides $1,750,000 Working Capital Line of Credit to Akademos

While tax law is always complex, the result of this court decision is that we are able to recover the tax basis in certain assets that had been reduced over the past ten years, resulting in a larger tax provision than is now required.” Second quarter 2013 Highlights (at or for the three-month periods ended June 30, 2013, compared to June 30, 2012 and March 31, 2013): — The tax recovery of $8.6 million reduced our deferred tax liability and resulted in a current period income tax benefit, improving after-tax income. — Lease portfolio increased 4.7% to $1.02 billion from $0.97 billion a year ago, largely due to the purchase-leaseback transaction with Scandinavian Airlines that was completed in the first quarter of 2013. — Total revenues grew 8.0% to $38.0 million from $35.2 million a year ago, reflecting portfolio growth and increased maintenance reserve revenues. — Lease rent revenues increased 3.9% to $24.8 million compared to $23.8 million a year ago.

Willis Lease Finance Earns $9.7 Million or $1.17 per Share in Second Quarter

Their offerings include an innovative textbook marketplace with access to third-party sellers where students can choose from new or used books, textbook rentals, eBooks and other digital materials to make their education more affordable. Schools are offered new choices in textbooks and media, and a better distribution system to ensure their students have the course materials they need for successful learning. (www.akademos.com) I am delighted we were able to put this facility in place for Akademos, said Avidbank Corporate Finance Executive Vice President, Mike Hansen. They have built a quality team with extensive experience and insight into this business, and have grown at an impressive rate. We appreciate the opportunity to contribute to their continued success. We are pleased to be working with Avidbank.

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