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05 Oct 2010 10:10

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Biz, World: In anti-deflation bid, Japan drops its interest rate to around zero

  • 0%-0.1% the interest rate in Japan
  • ยป Why did they do that? Well, the country has been trying to fight off deflation for a little bit, so their latest plan is to cut inflation down to a near-zero rate to help boost lending. It’s the first time they’ve had a near-zero interest rate since 2006. Hopefully things won’t get worse, though: This is kind of a move of last resort. source
Posted by Ernie Smith • 0 Comments • Permalink

22 Aug 2010 10:06

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Biz: The final stage of the Credit Card Act of 2009: The big changes

  • one The law limits the penalty fees on credit cards so that you’re not paying a $20 penalty for a $5 overage.
  • twoOther fees will disappear, too: You can’t get punished for not using your card for a while anymore.
  • threeAnd if you buy a gift card starting today, the balance will be active for a full five years after you buy it.
  • fourFinally, if a card company raises your interest rate for any reason, they have to tell you why. source
Posted by Ernie Smith • 0 Comments • Permalink

18 Feb 2010 21:02

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Biz: The feds raise the interest rate, but claim it’s not a big thang

  • .5% the interest rate between December 2008 and today
  • .75% the interest rate as of today; not much else changes source
Posted by Ernie Smith • 0 Comments • Permalink
 
 
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