IMF Sees 2011 Slovak Economic Growth Near 4%
Written by Jessica Clark on April 11, 2011 – 10:04 am() - Slovakia’s economy is set to sustain the current growth momentum this year supported by exports, an International Monetary Fund report said Tuesday.
Real gross domestic product is expected to grow nearly 3.75 percent this year, after a 4 percent expansion in 2010, the lender said in an Article IV consultation mission concluding statement. Growth is projected to improve to nearly 4.25 percent in 2012-15.
“While growth will still be driven mainly by the export sector, a gradual rebound in domestic demand would provide some boost and broadly offset the withdrawal of fiscal support,” the IMF said.
Tags: Growth
Posted in Financial News | No Comments »
Today in Costa Rica is a Long Weekend
Written by Jessica Clark on April 9, 2011 – 12:20 amToday is a long weekend in Costa Rica because of a national holiday called, Juan Santamaria Day which is to commemorate one of their national heroes who incidently was a drummer boy who fought against William Walker.
Tags: Costa Rica, Long Weekend, Weekend
Posted in Financial News | No Comments »
Coldwell Banker Ordered to Pay $21 Million for Mortgage Mistakes
Written by Robert White on April 8, 2011 – 4:41 am
An active-duty soldier whose mortgage servicing company reported him as “seriously delinquent”—even though he never missed a payment—recently won $21 million from the company in federal court.
U.S. Army Sergeant David Brash bought his house in Columbus, GA for $160,000 in 2007. He set the monthly $1,200 payment to be withdrawn automatically from his paycheck every month, according to court documents.
But Coldwell Banker Mortgage, the nation’s 8th-biggest mortgage servicing company, made mistakes on the original loan paperwork. These cau
Tags: 21 Million, Mortgage
Posted in Financial News | No Comments »
Netflix Gets ‘Mad,’ Gets Even
Written by Jessica Clark on April 5, 2011 – 6:16 am
By Rick Aristotle Munarriz, The Motley Fool
Don Draper and his throwback ad agency antics will be streaming on Netflix (NFLX) this summer.
Lionsgate (LGF) has reached an exclusive syndication arrangement with Netflix. The first four seasons of the popular show will be available through the streaming service on July 27. The three subsequent seasons of Mad Men will be added annually to Netflix’s digital catalog once they air on AMC.
Terms of the deal aren’t being disclosed, but Variety reports that Netflix will be paying a license fee of just under $1 million per episode.
This isn’t chump change, but it’s also Netflix flexing its muscles at the right time. Full Article…
Tags: Netflix, Netflix Gets
Posted in Financial News | No Comments »
FDIC Boss Says Foreclosure Dispute Fund May Be Necessary
Written by Robert White on April 4, 2011 – 6:15 pm
Sheila Blair, the chairperson of the Federal Deposit Insurance Corporation, recently said in an interview with “60 Minutes” that the nation’s largest lenders may soon be forced to set up a fund that would help consumers pay for the cost of foreclosure disputes, according to a report from political news site The Hill. Banks are slated to foreclose on more than a million homes across the country this year, with the affected consumers footing the bill for fighting any actions taken against them.
“I think that this litigation could easily get out of control,” Blair told the news magazine show. “We’re al
Tags: Fund May, May
Posted in Financial News | No Comments »
