Russia’s budget deficit could reach 7.5 percent of GDP in 2010, stretched by state aid for banks, but economic growth should return after this year’s recession, Finance Minister Alexei Kudrin said recently. Russia has kept spending high to help the economy out of its first recession in a decade, while tax revenues are falling, in…
Credit card delinquency figures bring to mind the rock classic “You Ain’t Seen Nothing Yet.” Since last July’s record report – delinquencies jumped to 6.6 percent of all card debt in the first quarter from 5.52 percent – the peak may still be far off. The sunniest forecast in the Obama administration’s stress test suggested…
In the current economic climate many Spanish businesses are turning to restructuring specialists to help them navigate efficiently through difficult times. When it comes to choosing a restructuring advisor, Spanish companies and banks are increasingly seeking a name they trust and a proven track record. KPMG’s Spanish Restructuring team comprises experts from a range of…
As we all approach retirement, we often dream of someday owning a piece of Paradise, somewhere in Florida, Arizona, Hawaii, or even Puerto Vallarta; someplace with a climate conducive to kicking back and enjoying life to its fullest, year round.To more than 50,000 retirees, Puerto Vallarta, located on the Mexican Riviera along the Pacific Ocean …
In times of economic and political instability, investing in gold becomes an attractive option. While many investors simply buy gold bars, astute collectors have made fortunes by investing in certified gold coins. If you having been wanting to add gold to your investment portfolio, and want to know more about gold coins, then please continue…
Companies like Microsoft, Google, Wal-Mart and Starbucks are goliath testaments to the fact that there’s no better time to start a business than during a recession.Increased guarantee coverage of SBA backed lending, exemption of SBA guarantee fees and the influx of a better educated and trained workforce has made debt financing easier and cheaper. Combined…
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Now that you’ve finally retired and have some free time, perhaps you might be interested in learning some things that you previously never had time to learn. But first, you must decide where you want to gain this new knowledge and with whom you want to gain it.The last place in the world that might…
You’ve heard the adage ‘It takes money to make money’ and in some cases it does. But it is equally important to use strategies that keep your initial capital low and reinvested. Investors are always interested in investing in real estate while being able to preserve and keep the capital they have available. Ideally the…
America is on sale, with some real estate prices down 50%, or more, in certain markets. This coupled with low interest rates, has created an unprecedented buying opportunity for investment homes. Despite this attractive environment, acquiring real estate has become expensive. Many lenders have changed underwriting guidelines due to the financial crisis, and are increasing…
