Every person needs a place to call home where they can feel safe from the annoyances of the world. No wonder you’ll find many people willing to do whatever it takes to become a homeowner. There are many options available that can help you achieve the status of homeowner. Once you’ve reached your goal, there could be opportunities or emergencies that may arise and have to deal with them. Since you own a home, you can use as security to obtain financial resources for one reason or another. This is what is known as a homeowner loans. Home loans or mortgages are two basic types. home loans are fixed rate loans and adjustable-rate housing. These terms refer to the interest rate applied to the loan.

Homeowner Loans – Turn your home into your advantage

Dreamz Loans have the best homeowner loans with beneficial rates and repayment terms. This loan can be availed by all homeowners by putting your home as the security against the loan. Since homeowner loans are based on the equity stored in your home, no other loan can get you this big an amount with additional benefits.

At Dreamz Loanz, your dream home can provide you:
Loans ranging from £5,000 to £100,000
Nearly 100% loan to value
Loans against curious properties and rented homes
Flexible repayment term of up to 25 years

Most homeowner loan lenders are based on the equity in the home and hence could provide only 90% of the loan to value. Dreamz Loanz offers you 100% loans against insufficient equity as well.

Dreamz Loanz will work out the best and fastest loan solution for you, making your home, work for your gain. Without any further delay, fill up our form and find your homeowner loan at Dreamz Loanz. DreamzLoans provides best Homeowner Loans, Secured Homeowner Loans and Online Homeowner Loans with beneficial rates and repayment terms.

The great thing about no credit personal loans is that they become very accessible to everyone via the Internet. The most popular and common place to seek and find a loan with no personal credit is through the Internet. With the online application options that do not even have to leave your home to get approval for the loan you need that other financial avenues have refused. All you need to be approved is to fill some personal information about your finances and income. Lenders are looking to make sure you have the money to eventually pay the loan.

Personal Loans – Our solution for your need

Have you been planning on buying another car, a new house or just need a break for a vacation and are a tad bit short of cash? Personal loans just meant for that purpose, money borrowed for your own and personal needs.

At Dreamz Loanz, we offer two kinds of personal loans – secured and unsecured, both at extremely competitive rates of interest and installment terms. Our unsecured personal loan is specifically devised for tenants or those who do not want to pledge their home/asset against the loan. The loan amount you can avail depends on various parameters including the income, expenses, credit history and current economic situation.

Our cheap and personalized loans are formulated to give you the liberty to plan that special something with your family without worrying about the money factor. We will work with you to compare various options and identify the best possible loan for your require.

So while you plan your vacation, let us do the finance planning. Fill up this form and get in touch with us for loan you require. DreamzLoanz offer Cheap Secured and Unsecured Personal Loans. both at extremely competitive rates of interest and installment terms.

Loan offtake at the country’s largest lender, State Bank of India was “bad”, said Managing Director SK Bhattacharya.

“We have been sanctioning loans like mad, but there has been no pick-up (in disbursals),” Bhattacharya said.

“We are not able to understand why,” he added.

It was only the retail sector, which was witnessing a pick-up in credit growth, he said on the sidelines of a banking conference here. Bhattacharya refused to comment whether the bank was likely to achieve its credit growth target for the year.

“Loan sanctions are happening, but you must also see that repayments are depressing the overall credit scenario. Disbursals cannot be seen in isolation and repayments must also be studied carefully,” he said.

SBI had set a target of 22 per cent credit growth for the financial year 2009-10 (Apr-Mar), as against a projection of 18 per cent for the entire banking industry made by the Reserve Bank of India late in October.

SBI Products :-

1. SBI Home Loan

2. SBI Personal Loan

3. SBI Credit Card

The Small Business Administration said Monday that it has run through all of the $375 million Congress allocated to temporarily waive fees and boost guarantees on loans backed by the SBA’s lending programs. Businesses still hoping for a slice of the pie can get in line, cross their fingers and wait.

Read Article.

Usually, when purchasing home appliances people resort to credit cards because it is the most comfortable source of financing and is always in hand. However, due to the high prices of some domestic devices, resorting to cheaper sources of funds like personal loans is not a bad idea and can save you a lot of money.

cost of the money borrowed, but also on the consequences that such high amount purchases have and may go unnoticed. How your credit score improves every month. month to and personal store loan cards in and default is or not store to cards credit because cards it and is always better to finance through personal loans and the interest rate and thus the cost of the money borrowed, but also on the long run which will have serious implications on your loan get recorded into your credit cards. Personal loans beat credit cards have compared to personal loans provide inexpensive sources of funds along with home loans.

Moreover, even those borrowers with bad credit, no credit or a past bankruptcy can obtain finance through personal loans (mainly those based on home equity) can provide rates even lower than the rates charged by credit cards. Personal loans beat credit cards and store cards can easily be budgeted so you will not have problems planning for repayment. The debt gets reduced every month and there is only a minimum payment on credit card or store card can charge an interest rate as high as 20% or even more turning financing the purchase of home appliances into an extremely expensive burden.

As opposed to credit cards have compared to personal loans is not a bad idea and can prevent you from obtaining finance in the future. Thus, it is advisable never to pay only the minimum payments on your credit and financial situation is affected by such purchases should not be overlooked as it may turn out too onerous. Interest Rate On Personal Loans And Credit Cards The interest rate charged for personal loans. It is amazing how abusive the rates charged by credit cards. Personal loans on the interest rates as low as half the rate charged for credit card balances, it is advisable never to pay the minimum which usually consists on interests only.

This leads to debt being accumulated through a vicious circle and can prevent you from obtaining finance in the future. Thus, it is always in hand. However, due to the high prices of some domestic devices, resorting to cheaper sources of funds along with home loans. Moreover, even those borrowers with bad credit, no credit or a past bankruptcy can obtain finance through bad credit personal loans can provide interest rates as low as half the rate charged for personal loans. It is amazing how abusive the rates charged for personal loans.

The Winter Vacation is soon upon us, and Oriental Institute books are now being issued for the whole of the winter break. This means that books are now due back on the 14th January 2010- that’s Thursday 0th Week. If you renew your books it’ll also take you up to the 14th.

Article Source: http://EzineArticles.com/?expert=Andy_J_Jones

Thanks to US$ 50 million in grants from Spain and US$ 50 million in loans from the Inter-American Development (IDB) Guatemala will expand safe water and sanitation services to approximately 600,000 people in 280 rural communities and 60 urban and periurban areas that today lack those services.

In addition to enhancing and expanding water and sanitation services, the program will foster organized participation by the rural communities and the municipalities in order to ensure that the systems constructed are sustainable over time. The funds will also serve to consolidate and strengthen the institutions needed for the planning, regulation and delivery of the services.

The program will lend support to a comprehensive plan drawn up by the Government of Guatemala to reduce the shortfall in coverage of these services. Current water and sanitation service coverage, nationwide, is 75 percent and 47 percent, respectively, which means that nearly 3 million Guatemalans still lack public water services and approximately 6 million lack sanitation services.

In the rural areas of Guatemala, water coverage is 60 percent, sanitation 36 percent. The worst shortfalls are found in areas with predominantly indigenous populations. According to Government estimates, only 15 percent of the water distributed in the country can be considered potable and barely 5 percent of the sewerage systems properly treat wastewater prior to disposal. To achieve United Nations Millennium Development Goals, Guatemala would have to invest an estimated $1,602 million in improving these services.

This is the fourth project financed jointly by the IDB and the Spanish Cooperation Fund for Water and Sanitation in Latin America and the Caribbean (the Spanish Fund), an entity established in 2009 at the initiative of the President of Spain, José Luis Rodríguez Zapatero.

[...]

Apart from the project in Guatemala, the IDB and Spain are co-financing projects in Haiti, Bolivia and Paraguay, and between now and mid-2010 they are expected to finance projects located in Brazil, Costa Rica, the Dominican Republic, Ecuador, El Salvador, Honduras, Peru and Uruguay. All in all, Spain will donate US$ 407 million to those projects, while the IDB will contribute US$ 213 million in grants and loans, in addition to defraying the bulk of the their preparation and implementation costs. Some 4 million people living in low-income urban and rural communities are expected to benefit directly from these projects.

Initially, the program will be executed by the National Peace Fund (FONAPAZ) with the support of the Ministry of Public Health and Social Assistance. Nineteen months into the Program, responsibility for executing it will pass to the Municipal Development Institute (INFOM/UNEPAR).

Of the loans granted to the program by the IDB, US$ 40 million will be for a 30-year term, with a 5.5 year grace period, at a variable interest rate based on Libor, while the remaining US$ 10 million will be for a 40-year term with a grace period of 40 years, and an interest rate of 0.25 percent. The IDB could eventually consider financing a second phase of the program with an additional US$ 100 million loan.

Project information: IDB – Water and Sanitation Program for Human Development-Phase I

Related web sites:

• IDB – Spanish Cooperation Fund for Water and Sanitation in Latin America and the Caribbean
• IDB – Water & Sanitation

Source: IDB, 23 Nov 2009

See below an IDB video on the Spanish Water and Sanitation Cooperation Fund

Hit by economic slowdown and dip in customers repayment capability, ICICI Home Finance Company, subsidiary of ICICI Bank, reported about 3.5 fold growth in its non-performing assets at Rs 161.43 crore at end of September 2009 from Rs 36.03 crore a year ago.

NPAs, after provisions, stood at Rs 127.14 crore at end of September 2009 up from Rs 23.92 crore at the end of September 2008.

In per cent terms, ICICI Home Finance Company’s gross NPAs rose to 1.34 per cent at end September 2009 from 0.31 per cent a year ago, according to information filed with Bombay Stock Exchange (BSE) on Monday.

Company’s net profit for the six months ended September 2009 rose to Rs 54.36 crore from Rs 39.03 crore at end of September 2008. The total income rose to Rs 800.89 crore from Rs 647.41 crore.

Its outstanding loan book as on September 2009 stood at Rs 12,004 crore, up from Rs 11,114 crore at end of March 2009.

In response to query on incidence of rise in NPAs, ICICI HFC spokesperson said the NPA ratio in the last two quarters have remained stable with improving collections and economic outlook. The company did not elaborate on the reasons for rise in bad loans (NPAs).

An analyst with private broking house said the downturn in the economy had hit the business growth and incomes of housing finance companies. The higher interest rates (read high monthly installment) also adversely affected the repayment capability of clients, which possibly led to jump in loan defaults.

The loan delinquency as per cent of outstanding portfolio for the housing sector was around 1 per cent. In case of some aggressive home finance institutions it was around 2 per cent, analyst said.

LIC Housing Finance, its ICICI HFC’s competitor, reported drop in its gross Non Performing Assets recorded 1.85 per cent as on September 2008 to 1.28 per cent as of September 2009. The Net NPAs of the Company declined from 0.87 per cent as of September 2008 to 0.62 per cent as of September 2009.

Analyst with rating agency said there was a definite improvement in the job market on signs of economic recovery. Plus, the interest rate on home loans has declined by at least 150 basis points in last 12 months. This translates into lower monthly repayment burden. The further addition to defaults in expected to slowdown in the coming months.

“The company has been witnessing healthy growth in the home loan segment and home loans will continue to be one of the focus areas for the company”, ICICI HFC spokesperson said.

Graduate education is the Detroit of higher learning. Most graduate programs in universities produce a product for which there is no market (candidates for teaching positions that do not exist) and develop skills for which there is diminishing demand (research in subfields within subfields and publication in journals read by no one other than a few like-minded colleagues), all at a rapidly rising cost (sometimes well over $100,000 in student loans).

The mass-production university model has led to separation where there ought to be collaboration and to ever-increasing specialization. In my own religion department, for example, we have 10 faculty members, working in eight subfields, with little overlap. And as departments fragment, research and publication become more and more about less and less. Each academic becomes the trustee not of a branch of the sciences, but of limited knowledge that all too often is irrelevant for genuinely important problems.

The dirty secret of higher education is that without underpaid graduate students to help in laboratories and with teaching, universities couldn’t conduct research or even instruct their growing undergraduate populations. That’s one of the main reasons we still encourage people to enroll in doctoral programs. It is simply cheaper to provide graduate students with modest stipends and adjunct instructors with as little as $5,000 a course – with no benefits – than it is to hire full-time professors.

In other words, young people enroll in graduate programs, work hard for subsistence pay and assume huge debt burdens, all because of the illusory promise of faculty appointments. But their economical presence, coupled with the intransigence of tenure, ensures that there will always be too many candidates for too few openings.

Read more:

MARK C. TAYLOR. (2009, May 1). Why universities must change. Telegraph-Journal,A.9. Retrieved November 24, 2009, from Canadian Newsstand Complete. (Document ID: 1693839241).

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My goal is to help avoid this. A little bit of research and some soul searching for true passion and clear understanding of the field in which we desire to pursue can help bridge the gap between college and ‘real life’.

-Nathan

Texas Payday Loan

Cash advance loans are legal in Texas, which passed its first payday loan statutes in 2000. Check cash advance creditors must be licensed to operate in the state. The law also requires them to display a notice containing the fee schedule and a loan agreement. In Texas, lenders are prohibited from loan-splitting, or the separation of one loan into two loans for the purpose of charging interest on both. The law does not specify the maximum number of outstanding loans that a borrower can have at a given time. However, a customer may not have more than $500 in aggregate loans that are outstanding. A payday loan business cannot institute criminal proceedings against a delinquent or defaulting borrower.

Texas law does not specify a maximum loan amount.

The loan term is 7-31 days.

Cash advance creditors are not permitted to renew or extend the loans.

Payday loan businesses can charge any fee or interest rate that the borrower is willing to pay. The maximum finance charges and fees that can be charged are $10 per loan and an annual interest of 48%. The finance charge for a two-week loan in the amount of $100 is $12. Additionally, cash advance lenders in Texas are allowed to impose handling charges.

The APR for a two-week loan in the amount of $100 is 309%.

With the extension of the First Time Home Buyers Tax Credit, the housing industry has seen a rush of interested people looking to take advantage.  Per an article in USA Today, the National Monthly home sales volume is up 21.4% from one year ago. With this huge increase, I have seen a larger number of people needing assistance with their credit in order to qualify for a home loan. I talked to Jeff Harris, a credit consultant in Raleigh, NC and asked him a few questions.  

Me: What do you see is the biggest misconception when it comes to credit (i.e. “I don’t have to pay that off because it falls of my credit report in 7 years”)?

Jeff: The biggest misconception that I see is that individuals don’t realize how much one slip or one mistake can damage one’s credit scores.  Even an individual with a perfect credit history can see his credit score drop anywhere from 75 to 100 points as a result of one late payment or one small collection account reporting.

Me:  What is the most common issue you see on credit reports?

Jeff: There are two issues that I most commonly see that negatively affect credit scores.  One is sporadic pay histories.  A lot of individuals do not realize how much late payments detrimentally affect scores and how long the recovery period will be.  Another major issue is individuals carrying high balances on their credit card accounts.  Fewer realize how much “maxing out” one’s credit lines hurt their scores.

Me:  Does paying off collections and/or judgments raise scores?

Jeff:  Typically, no.  Paying off collections and/or judgments usually have very little affect on one’s scores.  The majority of an individual’s credit scores come from the reported information related to their open, active accounts.

Me:  How long do collections and late payments stay on a credit report?

Jeff: All negative information can stay on a credit report for seven years from the last date of activity of the account.  In most states, public records such as bankruptcy, tax liens, and judgments can stay on the report for 10 years from the filing date.

Me:  What is the best way to check your credit scores?

Jeff: The new Fair Credit Reporting Act allows individuals to get a free copy of their credit report once a year directly from the credit bureaus.  Anyone can get a free copy of their credit directly from Equifax, Experian, and Trans Union by visiting the following government web-site:  https://www.annualcreditreport.com/cra/index.jsp.  Unfortunately, obtaining your credit score is not free.  But once you get a copy of your credit from the credit bureaus, typically they will allow you to purchase your scores as well for about $10.

Me: With all the credit repair providers out there, what is the best advice you can give someone in need of help?

Jeff:  In the past, there was a brisk business for agencies that would promise to eliminate legitimate collection accounts and negative information from individuals’ credit reports by knowingly and repetitively disputing this information on their clients’ behalf.  In many instances, they were largely successful.  As more and more of these companies developed, the credit bureaus and creditors realized the issue was becoming a major problem.  The advent of new laws, technology, and automated verification systems, these tactics are now antiquated. There is no substitute for an accredited credit consultant who is familiar with how credit scoring works and can give sound advice to their clients on how to legitimately improve their credit scores and handle past credit issues.

If you have idle gold lying stacked away at home, here is a way you can earn some income on it while ensuring its safety as well. The StateBank of India (SBI) has a Gold Deposit scheme where retail customers can deposit gold with the bank and earn interest on it. Loans can also be availed against the gold deposit certificate that the bank issues up to the amount of 75 per cent of the value of the gold.

The scheme also has tax benefits. One can save income tax on the interest earned from the gold deposit scheme and get exemption from wealth tax on the value of assets deposited in the scheme.

“There is sizeable amount of idle gold lying with high net worth individuals, temple trusts, and family trusts that comes into the bank. About 50 per cent of the gold we collect are from individuals and the remaining from temple trusts and other institutions. Retail participation is quite high, specially since the scheme allows the customer to take a loan against it,” said a senior SBI official.

At the end of the tenure, the customer has the choice of either taking back the gold or money in lieu of it. The gold ornaments deposited under the scheme are melted at the government of India mint in Mumbai to separate out the impurities and converted into bars of 999 purity. A gold deposit certificate will be issued based on the weight of gold.

“The bank will buy the gold if the customer prefers to take money. We later sell it off to the jewellers or keep it as assets for the bank,” said the official.

The minimum gold required to be deposited under this scheme is 500 gm for a minimum period of three years. The gold deposit scheme has a tenure of three-five years and the bank pays an interest of 1 to 1.5 per cent.

“Jewellery at home is a consumption item and stored in a locker is an expense. Through this scheme, investors have a triple benefit of capital appreciation, tax-free interest payment and savings on storage expenses.

The scheme is not so widely publicised but we are encouraging individuals and families to go for it because it monetises an illiquid asset,” said Sumeet Vaid, founder of Financial Freedom, a firm that specialises in financial planning for individuals and families.

Check SBI products :-
1. SBI Home Loan
2. SBI Personal Loan

Samuel Gibson Jr NV-MLD 3080 Branch Manager

Title is the legal documentation that bestows ownership of real property. This is to be indicated in Part II of the 1003 Uniform Residential Loan Application as “manner in which title will be held.”

The decision of how the title will be held should not be put off until the last-minute since it has a great impact on future tax planning, the financial future of the borrower(s) and their respective heirs, and the choice of the lender.

It is most important for the mortgage consultant to work hand-in-hand with the borrower’s financial planner or tax consultant to assist their mutual client in order to make decisions that work best for their particular scenario.

For example, most married couples would consider holding title with Joint Tenancy. But if one spouse has a good credit history while the other has damaged credit that may prevent funding of the loan, it would be advantageous to place title in the name of the spouse with the good credit rating.

Common ways to hold title are broken down into options that fall under the categories of sole ownership or co-ownership. Many states permit the holding of title in a living trust, but some lenders do not accept those terms. There are ways around this, but this is where the financial planner and the mortgage planner can make a tremendous by working together.

Direct Access Lending NV-Broker #405

650 White Dr #200

Las Vegas NV 89119

o: (702) 617-9900 x1106

c: (702) 205-7409

f: (702) 425-9426

e-mail: samuel.gibson@dalusa.com

 The media’s recent analysis of the economy has run the gamut of late, some optimism, some pessimism…but also some confusion as they attempt to decipher recent economic reports, particularly relating to the job market. Let’s look at a few of the recent reports, and get behind the headlines to decipher what they really mean.

Last week’s Initial Jobless Claims Report showed that 505,000 people filed for unemployment benefits, which was about what was expected, and represented a ten month low for the report. The Continuing Jobless Claims Report, which indicates the total number of people collecting unemployment benefits, fell by 39,000 to a total of 5.61 Million.

The media often spins this data as good news – but the labor market remains in exceptionally tough shape. The Continuing Claims number declining from a record high of 6.82M in June to last week’s 5.61M is the result of only two potential things happening: People are finding jobs and no longer need unemployment benefits, or they have been unemployed for so long that their benefits are running out before they’ve been able to find a job. With a 10.2% Unemployment Rate looking like it will move higher still, it is most likely the latter. Another clear sign of a very troubled labor market was back on November 6th, when President Obama signed a bill that will extend unemployment benefits by an additional 20 weeks…there would be no reason to do this if jobs were being created.

It may be a shortened work week due to the Thanksgiving holiday, but there will still be plenty of action in store. Both Monday’s Existing Home Sales Report and Wednesday’s New Home Sales Report will give us a read on the housing market. With many homebuyers jumping into the market to take advantage of the Homebuyer’s Tax Credit – which was recently extended until June 30, 2010 and expanded to include certain qualifying existing homeowners – it will be especially interesting to see what these reports reveal. Let me know if you have any questions on the Tax Credit, or if you’d like to learn how it might benefit you or someone you know.

More auction action…the Treasury will auction $118B in securities this week, starting with a record $44B in 2-Year Notes on Monday, a record $42B in 5-Years on Tuesday, and another record – $32B in 7-Years on Wednesday. This is an enormous amount of supply, and the market’s ability to digest it all will be tested.

Remember: Weak economic news normally causes money to flow out of Stocks and into Bonds, helping Bonds and home loan rates improve, while strong economic news normally has the opposite result. Bonds and rates recently neared their best levels of the year, but were unable to make further improvements. Rates are likely to be moving higher in the coming months – so give me a call to discuss how the current rate climate might work in your favor, before these great rates slip away.

http://mandelman.ml-implode.com/2009/11/breaking-news-latest-u-s-teaseury-dept-study-shows-3-6-billion-homeowners-have-been-offered-loan-modifications/

The Obama Administration’s Making Home Affordable program may have gotten off to a slow start, but ever since the press started criticizing the program’s insipid results, things have improved quickly and dramatically.

According to data released by the U.S. Teaseury Department, when you add up the numbers of loan modifications being reported by the Hope Wow Alliance, Chaseme, Bunk of America, Wheres Fargo, MUD, and other skanks and servicers, as of November more than 3.6 billion homeowners have been offered loan modifications.  At this point the government says it’s outpacing foreclosures by a margin of nine to one.

“We’re still not quite where we wanted to be, but we’re happy with the progress,” said a spokesperson for the Teaseury Department.  “At this point, our goal is to modify at least 50% of the homes on the planet, and we’re closing in on that goal.  We’re modifying homes regardless of whether they are mortgaged or not.”

Wells Fargo, the nation’s largest home lender, has begun 930,652,000 trial modifications, or 29 percent of the eligible mortgages in North, Central and a good part of South America, under the HAMP program so far this year, according to U.S. Teaseury data released Tuesday.  After initially being criticized for its slow pace of modifications, the San Francisco-based bank now has among the highest modification rates in the free world. U.S. Bancorp has modified 150 million mortgages, even though the Minneapolis-based bank did not enter the HAMP program until September.

Housing counselors and lending experts say that HAMP is having a meaningful impact on the global foreclosure rate, and Lucely Figures, a housing economist at Muddy’s expects at least another 3 billion loan modifications next year.

A recent report by banking regulators explained that mortgage modifications come in many forms.  In some cases, lenders can lower interest rates, extend the loan term, or reduce the amount of the loan by forgoing part of the principal.

The Obama Administration was quick to point out that although in the past, many of the loans modified resulted in homeowners being saddled with higher payments, of the loans modified over the last 45 days, only 8% resulted in significantly higher payments, and 92% of the payments were left unchanged or only slightly higher.

“Clearly the program has found its legs,” said President Obama in a speech to an adoring crowd of Lithuanian quilt makers.  Lithuania is the eleventh stop on the president’s Hope-to-Stay-on-Tour-Until-the-Midterms tour of the most obscure Baltic States.

“I think there’s no question that the new data released today shows that we’re figuring out the housing problem,” the President said, “I’m confident that most if not all of the modifications will have exactly the same payments they had before they were modified from this point forward.  And Americans should be happy about that.”

The government’s data shows that 73.4 percent of modifications that left payments unchanged, were only 30 days more delinquent, thirty days after they were modified.  And, according to the Office of the Comptroller of the Currency, a federal bank regulator, lenders and servicers are supporting efforts to modify loans where payments remain unchanged.

“Banks and servicers have heard the administration’s demands to stop increasing payments when modifying loans, and the industry has decided that it’s ready to get behind an initiative to leave the payments right where they were before the loan was modified,” said Edward Chingching, President of the American Bankers Cabal.”

“Look, the financial institutions of this country recognize that without the American taxpayer, along with the government officials the industry keeps in its pocket, most of the banking executives in this country would not have received eight and nine figure bonuses this past year.  To show how appreciative the banks are for the countless trillions in taxpayer support, the industry sees it as being entirely appropriate to continue modifying loans so that every single homeowner’s payment remains unchanged,” added ChingChing.

The Obama Administration plans to respond to the banking industry’s generosity by increasing the $75 billion originally allocated to the banks and serivcers that modify loans under the program, to an even $1 trillion.  However, according to the President, most Americans will not see their taxes go up as a result.

“We’re going to fund the program simply by taking all of the wealth of the richest 1,000 people in this country, after they’ve passed away,” explained a spokesperson for the White House who asked not to be named because he didn’t want to be chastised by his pals at the Harvard-Yale-Princeton Club for spoiling a surprise.  “The timing is right, because most of the richest 1,000 are quite old already, but we might even kill someone from another country, if he or she were rich enough.”

“Of course, that doesn’t mean we’d be shipping the job overseas,” President Obama added quickly.  ”We’d certainly make every effort to use an American hit-person; I am resolved that if it can be done by an American, it should be.  Unless, of course, it’s A LOT cheaper to have a foreigner do it, like if you’re talking running shoes or something like that.  There’s no point in our trying to compete with essentially enslaved people in sweat shops being paid $2 a week.  Besides they do a great job with running shoes over there.”

Some critics are still whining that the number of trial modifications are still too high, and that it’s taking far too long for homeowners to obtain a modification from their lender or servicer, but the Teaseury Department was quick to dismiss such voices of dissent.

Said Secretary Geithner: “Those are simply not issues with the way the plan is working now.  I’ll admit that going into it, we underestimated how difficult it would be to convince the banks to leave payments unchanged after a modification, they just naturally started making them higher.  We also failed to realize how annoying it would be to answer all of those calls placed by whiny, deadbeat homeowners.”

“That’s why today, we’ve set it up so that banks don’t have to talk to a homeowner in order to modify their mortgage.  Today, all the banks just add up the number of homes in a specified geography, such as the Eastern or Western Hemisphere, and then divide the number up by bonus size.  Then each banker simply has to fly over the general area of homes being modified and report their numbers to Teaseury,” Geithner explained.

The Wall Street Journal reported that Goldman Sucks CEO, Lord Blankcheck received $100 million in compensation this year, the most of any bank, so the Golden Man was given the most modifications.  Goldman, however, couldn’t utilize the modifications in this quarter, so their Fictional Asset Development team, known as FAD, converted them into a series of leveraged derivatives and swaps that opened and immediately tripled in heavy trading in Asian bond markets.

Goldman says that it expects to post a $97 billion gain for the quarter, and sees nothing standing in the way of another year marked by Powerball-size bonuses.

Ahh, such a tiring day. I have an interview at Lexus tomorrow. Have to dress up all nice and stuff, look professional you know? Fuck no one hires me , these people better hire me because I’m fun and will work. Anyway , if they don’t it’s because I’m fat.

I got to go on a diet, I’m a 210 pound 19 year old. Shit.
I had a week pass for Goodlife, and it was quite pumping too. The one at Weston and Highway 7, they have some very attractive men who frequent that one. If you go there, you know what I mean .

Anyway, lately I’ve been thinking a lot of the business I want to open up. Yeah , I want to open up a Retail business, I’m not getting into detail here, you people may steal my idea. You can never be too sure. All I know is.. It will be fucking amazing. I’ve started my business plan and all, and I even sent it to Ontario Summer Company . But the Government fucks you over, you won’t just get a loan like that. Plus , they would be keeping most profit or I’d be paying an absurd % of interest on that shit. What I need is an investor. It’s pretty cool actually. When I reach that goal. I’ll tell my readers to drop by and check it out, tell me what they think , or if I should have stuck to just blogging about it. HAH, fuck no. It will be amazing. And lucky the people who’d work there.

So, I had chinese food today ( I know I said I needed to lose weight but shut up because I ate it before this resolution I stated now. ) BAck to the chinese food, OHHHHH MANNN , it’s my favorite place to go and have some amazing chinese. First of all you get there and you order , they make it there on the spot . You wait around 6-10 minutes for your food. Which is amazing. Then it’s sooooo yummy, and they have an awesome lunch special which is 5,65 I think.. Or somewhat around that price range. I always get sesame chicken with noodles though, you pay 1 dollar more to get the noodles. and then you get either a drink or an egg roll included in your lunch special. Hmmm. The service is alright, they don’t talk much unless you talk to them , but they are very polite and quick. They serve well and you eat your food right after it is made. Hmm , not like other chinese places where the food sits there for the whole fucking day. Like Manchu Wok. Ugh… Now doesn’t that sound good. This place if you’re interested in trying it out, it’s at Jane and Major Mackenzie. There’s like a Longos and a Mc Donald’s , well you go into that plaza, and it’s next to a pizza place, in the middle-ish. It’s called Maple Dragon. I wish I could work there. I’d scarf that down every day, hmm.

Anyway, I have to go and work on my law essay now.

Blog ya later..

The Mirror, Vol. 13, No. 640

“There had been several reports that information about confidential flight plans by the Cambodia Air Traffic Service (CATS) controlled by Thai people were leaked. The opposition party has demanded that the government should take control of the air traffic control itself, but there is no response. And now everything seems somewhat too late.

“The spokesperson of the Sam Rainsy Party, Mr. Yim Sovann, spoke to the media late last week, saying that the government should take the CATS company under its control to ensure that there is no economic loss, and it would be easier for the government to control national secrets. Mr. Yim Sovann said, ‘The Sam Rainsy Party had mentioned this case many times before, suggesting that all these important tasks should not be given to foreigners, and the government should control it by itself. But the state does not care.’

“In January 2001, the State Secretariat of Civil Aviation of the Cambodian government signed an agreement with the [Thai] Samart Corporation, providing an exclusive license for 22 years to this company, to organize, operate, and maintain a system for air traffic routing for civil aviation companies in Cambodia, and this company is also required to conform to the technical standards of BCT [an aviation maintenace company]. After receiving the license from the Cambodian government, Samart very quickly prepared the bidding procedure for the radar system and set up the necessary tools needed for its effective air traffic control operations.

“A parliamentarian from the Cambodian People’s Party, Mr. Cheam Yeap, agreed that it would be very good if the government would reconsider the air traffic control agreement with the Thai side. He added that Cambodia should have the ability to control this company, rather than allow foreigners to continue to control it. He said, ‘We should recheck that investment agreement, and we should check whether our human resources can take the place of the foreigners.’ He explained that Cambodia jointly created the company CATS with Thailand, because, at that time, Cambodia did not have sufficient experts, and air traffic was not so busy [like it is at present]. Mr. Cheam Yeap went on to say that to continue to let foreigners do the air traffic control affects the security of our nation through the secret release of confidential information to their government, adding that foreigners are not honest to us. He said, ‘Do not trust foreigners but only those having the same blood as Khmers. If we let them be at that place, they might release confidential information about national security, as one Thai person did already. They are not 100% honest towards us.’

“Mr. Cheam Yeap continued to say that according to new Article 90 of the Constitution of Cambodia, the Royal Government can make a request to the National Assembly ["The National Assembly shall approve the national budget, State planning, loans, financial contracts, and the creation, modification and annulment of tax."]. Then the National Assembly will exercise its right to cancel any contract that can affect the national interest. The Thai spy can be considered as proof to cancel that contract. Another Sam Rainsy Party parliamentarian, Mr. Son Chhay, said that the opposition party had expressed concerns since the beginning about problems of national security. Now, it happened as the Sam Rainsy Party had been concerned. He said he will write a letter to the government, because it is related to national security.

“He said, ‘I also saw information about the arrest of the Thai spy. I think it is an opportunity to respond to the Ministry of Defense and the Council of Ministers which had claimed that there would be no problems, but the problem exists now, and I want to know what measures they take.’ He emphasized that he will write a letter this week to the government to request it to check the control over the CATS company.

“Because of the secret copy of the flight plan of Mr. Thaksin Shinawatra, the Cambodia government ordered all Thai [CATS] personnel to stop working, after Mr. Siwarak Chutiphong, 31, had been arrested for spying, while the eternal friend of Prime Minister Hun Sen, Thaksin Shinawatra, visited Cambodia, to give a lecture about the Cambodian economy, as he is now an economic advisor of Cambodia.” Sereypheap Thmey, Vol.17, #1817, 23.11.2009

Newspapers Appearing on the Newsstand:
Monday, 23 November 2009

Deum Ampil, Vol.3, #343, 23.11.2009

• Forty Eight [not well-known] Civil Society Organizations Support the Suspension of Mr. Sam Rainsy’s Immunity [according to their joint statement]
• The Ministry of Information Asks All Television Stations to Accept to Broadcast Advertisements for Khmer Sports and to Stop Broadcasting Foreign Sports
• Forty Two People Died, Sixty Six Are Missing, and More Than 100 Were Injured through an Explosion in a Coal Mine [in China]

Kampuchea Thmey, Vol.8, #2105, 22-23.11.2009

• A Lawyer Will Request Bail for Siwarak Chutiphong on Monday [this Thai engineer was arrested for copying the flight plans of Prime Minister Hun Sen and Mr. Thaksin Shinawatra to send them to Thailand]

Khmer Machas Srok, Vol.3, #436, 22-23.11.2009

• The Government Recognized that there Is Waste of National Resources and there are Wrongly Allocated Expenses

Koh Santepheap, Vol.42, #6812, 23.11.2009

• The Three Samdechs [Samdech Hun Sen, the Prime Minister; Samdech Heng Samrin, the President of the National Assembly, and Samdech Chea Sim, the President of the Senate] Responded to Samdech Euv [the former King] that the Setting of Border Markers and of the Border Line Is Done Based on the Map Deposited at the United Nations in 1964
• 40,000 Red-Shirt Demonstrators [supporters of Thai ousted and fugitive Prime Minister Thaksin Shinawatra] Prepare to Demonstrate against [Thai Prime Minister] Abhisit Vijjajiva in Chiang Mai, while 1,000 Yellow-Shirt Demonstrators Rallied to Demand the 4.6 Square Kilometer Land [near the Preah Vihear Temple]
• A Man like an Animal Raped His 10-Year-Old Daughter Three Times, and then He Was Arrested [Kandal]
• A French Man Took an Underage Girl to Have Sexual Relations into a Guesthouse and Was Arrested [Phnom Penh]

Phnom Penh Post [Khmer Edition], Vol.1, #51, 23.11.2009

• A Thai Engineer Acknowledged that He Provided Information [about the fight plans of Mr. Thaksin Shinawatra] to the [Thai] Embassy [in Phnom Penh]
• Vietnam Has Invested US$600 Million in Rubber Plantations in Cambodia [it plans to plant rubber trees on 100,000 hectares of land in Mondolkiri, Kompong Thom, Kratie, and Ratanakiri by 2012]
• Supporters of Thaksin Shinawatra Warned to Kill [Thai Prime Minister] Abhisit Vijjajiva [by blowing up his car during his visit to Chiang Mai]

Rasmei Kampuchea, Vol.17, #50, 22-23.11.2009

• Former US President [Jimmy Carter] Helped to Build 21 New Houses for Poor Cambodians [Kompong Speu]
• [Two] Robbers Shot at a Student to Rob His Motorbike, but the Bullets Ricocheted and Hit and Injured Two Children [who were playing in front of their house during the robbery; the robbers escaped - Phnom Penh]
• The Number of Deaths from Swine Flu [A/H1N1] Has Increased to 6,660 [worldwide, according to the World Health Organization]

Sereypheap Thmey, Vol.17, #1817, 23.11.2009

• An Opposition Party: The Government Should Control the Cambodia Air Traffic Service Itself

Samleng Yuvachun Khmer, Vol.16, #3,500, 22.11.2009

• Cambodian Expands Diplomatic Ties in New York [the Minister of Foreign Affairs and International Cooperation is responsible to organize documentation to establish diplomatic ties with some countries that have not established contacts with Cambodia]

Have a look at the last editorial – you can access it directly from the main page of the Mirror.
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