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Bangladesh Police Tear Gas Garment Workers On Hunger Strike - Yahoo News

Digest - Memphis Daily News

Angry at the police action, the workers then took to the streets, vandalising cars and buses and prompting officers to fire more rounds of tear gas, the reporter said. View gallery Bangladeshi Police evict striking garment workers from a factory in Dhaka on August 7, 2014 (AFP Pho The workers have been on a hunger strike on behalf of 1,500 employees who stitch clothes in five factories belonging to the Tuba Group in Dhaka's Badda district. They are demanding three months' of unpaid salaries and a bonus for the Eid al-Fitr holiday in the Muslim-majority country. The union announced an indefinite strike over the police response, describing it as unacceptable. "In protesting the atrocities and to press home our demands in full, we are announcing indefinite strikes in all factories," Mishu told reporters just minutes before police detained her. Local police chief M. A. Jalil confirmed his officers had cleared the workers from the factory, but denied any use of force. View gallery A Bangladeshi garment worker vandalises vehicles during clashes with police in Dhaka on August 7, 20 "We (only) fired tear gas and baton charged unruly protesters as they were vandalising vehicles on the street," Jalil told AFP. The owner of the Tuba Group, Delwar Hossain, had been in jail since February after he surrendered to police to face criminal charges over the country's worst industrial fire in 2012 that killed 111 workers.
Puedes ver la version sin traducir en http://news.yahoo.com/bangladesh-police-tear-gas-garment-workers-hunger-strike-225455403.html

(RDN) bought $100 million of default protection on an MBIA Inc. (MBI) unit to help hedge against losses on a collateralized loan obligation backed by the two insurers. Radian is the second insurer, behind MBIA Insurance Corp., on a guarantee of about $377 million on a CLO called Zohar thats backed by loans to smaller companies. Radian purchased half of the protection in August 2013 and the rest in June, Chief Risk Officer Derek Brummer said today in an interview, after his Philadelphia-based firm disclosed the hedge on a conference call with analysts. We think theres certainly a risk of them defaulting, given their structured-finance portfolio, and also quite frankly their exposure to the transaction, Brummer said of MBIA by phone. Radian Assets overall book is very strong, so were in a position to take actions such as reasonably hedge a risk like this. The MBIA insurance unit was hobbled in the financial crisis by losses tied to soured mortgages. After being stripped of its top credit rating and cut to junk, the company was shut out of the business of guaranteeing bonds amid doubts about its ability to meet its obligations. Credit-default swaps that would pay out if MBIA Insurance fails to meet its obligations in the next three years have climbed to 8.28 percentage points upfront today from 3.23 percentage points in June, according to data provider CMA. That means it would cost $828,000 initially to protect $10 million of obligations through September 2017, in addition to $500,000 a year. The contracts are down from as high as 48 percentage points in November 2012 as the company settled claims on some of the most toxic debt it guaranteed.
Puedes ver la version sin traducir en http://www.bloomberg.com/news/2014-08-07/radian-adds-default-protection-on-mbia-to-hedge-loan-risk.html

7 Ways To Deal With Bad Credit When Renting - Forbes

bachelorette-andi-dorfman-chicago-atlanta-homes-3 A link has been sent. Done Fitch Affirms Minnesota Office of Higher Education 2008 Series A & B Fitch Ratings 3 hours ago 0 shares Done NEW YORK--(BUSINESS WIRE)-- Fitch Ratings has affirmed the long- and short-term ratings of the Minnesota Office of Higher Education's supplemental student loan program revenue bonds, 2008 series A (taxable) and B (tax-exempt). The ratings will expire on the earliest to occur of: (1) October 1, 2014, which is the stated expiration date of the letter of credit, unless such date is extended; (2) any prior termination of the letter of credit; or (3) defeasance of the bonds. KEY RATING DRIVERS The ratings are based on the support provided by a direct-pay letter of credit (LOC) issued by U.S. Bank, N.A. (U.S. Bank), providing full support to the bonds. U.S. Bank is obligated to make payments of principal and interest on the bonds upon maturity, acceleration and redemption, as well as the purchase price for tendered bonds. The current Fitch rating for U.S.
Puedes ver la version sin traducir en http://finance.yahoo.com/news/fitch-affirms-minnesota-office-higher-205000078.html

Radian Adds Default Protection on MBIA to Hedge Loan Risk - Bloomberg

Bill Dries Lawsuit Over Nineteenth Century Club Dropped The Union Avenue building that once housed the Nineteenth Century Club could soon meet the wrecking ball. A plaintiff seeking to stop the planned demolition of the once-stately mansion has dropped the appeal of a lawsuit challenging the legality of the sale of the property, removing a major obstacle to its proposed redevelopment. Attorneys representing the plaintiff said multiple attempts to find a buyer who would preserve the building failed, leaving them no choice but to drop the appeal. While we continue to believe we have a strong legal case that the 2013 sale of the building was invalid, we no longer have a buyer for the property, so a victory on appeal could prove to be a hollow victory, said attorneys Steve Mulroy and Webb Brewer in a statement. It is our continuing hope that the building be saved. The plaintiff was appealing a Chancery Court decision declaring the sale valid and permitting the demolition of the mansion to make way for a shopping center. The regal but decaying property on Union was built in 1907 by Rowland Jones, a Memphis lumber king. In 1926, the 15,813-square-foot house was acquired by the Nineteenth Century Club, a philanthropic womens organization. The Union Group LLC , whose owners operate several restaurants in the Memphis area, acquired the property for $550,000 in 2013 after winning a competitive bidding process, beating out a group that offered $350,000 and wanted to turn the property into a womens business center. Proceeds from the sale went to the Children's Museum of Memphis. Amos Maki University of Memphis Athletes Win Academic Honors A total of 153 University of Memphis student-athletes have been named to the American Athletic Conference All-Academic Team for posting a GPA of 3.0 or higher for both semesters of the 2013-14 academic calendar. Not included in that total are members of the rifle team, nor the 28 football players recognized during the fall as American Athletic Conference All-Academic honorees.
Puedes ver la version sin traducir en http://www.memphisdailynews.com/news/2014/aug/8/digest/

Fitch Affirms Minnesota Office of Higher Education 2008 Series A & B - Yahoo Finance

Not only does this show your commitment, it also provides them with extra cash that can cover some of the losses and damages, should you skip out on the rent. (Which, of course, you wont.) 4. Get a Roommate Willing to share your living room and kitchen? Find a roommate . If the landlord will allow just one person to sign the lease, see if your roommate is willing to sign it solo. (Alternately, try to move-in with a roommate whos mid-lease.) This way, the person on the lease is the one with more solid credit. Roommates come with a second benefit: youll be able to share the bills. By reducing your financial burden, you can continue to pay down your debt and repair your bad credit faster a true win-win! 5. Show Solid Income and Offer to Pay via Direct Deposit Even if your credit history is a little shaky, being able to show that you currently have regular, solid income can go a long way towards making a landlord feel better about you.
Puedes ver la version sin traducir en http://www.forbes.com/sites/trulia/2014/08/07/7-ways-to-deal-with-bad-credit-when-renting/?ss=personalfinance

Business Highlights - Yahoo News

Monday's figure, published by the Federal Statistical Office, undercut economists' expectations for no change. Production slipped 0.3 percent in April, revised downward from the initial reading of 0.2 percent growth. ___ By The Associated Press= The Dow Jones Industrial average fell 44.05 points, or 0.3 percent, to 17,024.21 Monday. The Standard & Poor's 500 slipped 7.79 points, or 0.4 percent, to 1,977.65. The Nasdaq fell 34.40 points, or 0.8 percent, to 4,451.53. Benchmark U.S. crude for August delivery fell 53 cents to close at $103.53 a barrel in New York. Brent crude, a benchmark for international oils used by many U.S. refineries, fell 40 cents to close at $110.24 in London. Wholesale gasoline fell 3.1 cents to close at $2.989 a gallon.
Puedes ver la version sin traducir en http://news.yahoo.com/business-highlights-220254366.html

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