Monthly Archives: November 2009

Don’t be paralyzed by regret over debt (The Morning Call)

Posted on November 29, 2009 by admin

You have to put yourself in a position to take action Q I’m 23, and when I was young I didn’t handle my credit cards well. Continue reading →

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Focus on future, leave debt regret behind (Pioneer Press)

Posted on November 29, 2009 by admin

Question: I’m 23, and when I was young I didn’t handle my credit cards well. I’ve stopped using the cards or shopping unless I need something. Continue reading →

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Public debt imperils world economy (AFP via Yahoo! News)

Posted on November 29, 2009 by admin

The debt dilemma confronting Dubai has thrown into sharp relief a new threat to the financial health of rich countries that have borrowed and spent heavily to escape recession and must now pay up. Continue reading →

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Dubai waits on neighbour debt aid (MalaysiaNews.net)

Posted on November 29, 2009 by admin

Dubai is waiting to see whether neighbouring Abu Dhabi would bail out the credit-crunched city-state.As world markets absorbed the shock of Dubai’s debt crisis, the ruler of the once-booming millionai… Continue reading →

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Dubai waits on neighbour debt aid (Channel 4)

Posted on November 29, 2009 by admin

Dubai is waiting to see whether neighbouring Abu Dhabi would bail out the credit-crunched city-state. Continue reading →

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Pay off credit-card debt with 401(k) contributions (Orlando Sentinel)

Posted on November 28, 2009 by admin

Q: I owe about $65,000 in credit card debt on several different accounts and am struggling to make the minimum payments. The interest rate on these cards range from 9.9 to 25 percent. Continue reading →

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Dubai debt fears threaten credit crunch 2 — and RBS is exposed (Times Online)

Posted on November 27, 2009 by admin

The spectre of “Financial Crisis 2” continued to loom over global markets yesterday after Dubai’s revelation that it may not be able to meet its debt obligations. Continue reading →

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Bonds rally as credit fears sap confidence (CNN Money)

Posted on November 27, 2009 by admin

Treasurys jumped Friday as investors flocked to the perceived safety of U.S. debt amid concerns about Dubai World’s credit problems. Continue reading →

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Dubai Debt Payment Concern Spurs Surge in Global Credit Risk (Bloomberg)

Posted on November 27, 2009 by admin

Nov. 27 (Bloomberg) — Dubai’s attempts to delay debt repayments spurred a surge in the cost of insuring government and company bonds from default around the world and may curb lending throughout the Persian Gulf. Continue reading →

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Europe banks lightly exposed in Dubai: Credit Suisse (AFP via Yahoo! News)

Posted on November 26, 2009 by admin

European banks have 13 billion euros’ worth of exposure to debt-laden Dubai, Swiss lender Credit Suisse estimated on Thursday after the Gulf state shocked investors by moving to suspend some repayments. Continue reading →

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