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27 Nov 2009 09:36

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Biz, World: Investors looking for an out from the mirage of Dubai

  • The question right now is is it just a Dubai issue or is the whole UAE in trouble, does Abu Dhabi still have enough cash to help Dubai?
  • Merrill Lynch sales manager in emerging markets equity Amr Aboushaban • Describing shaken investor confidence in the Middle East after Dubai said it couldn’t repay billions in loans. There are other areas in the region – most notably Abu Dhabi – that might be able to help the Middle East’s largest sign of unparalleled wealth, but investors are scrambling to keep their money safe in other regional financial havens as a result of the news. source
Posted by Ernie Smith • 0 Comments • Permalink

08 Nov 2009 10:06

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World: China sees a lot in Africa. That’s why they keep investing in it.

  • $10 billion amount China will loan Africa this year to to develop infrastructure and social programs
  • $7.8 billion amount China loaned Africa last year; they see the continent as a future economic driver source
Posted by Ernie Smith • 0 Comments • Permalink

11 Sep 2009 17:48

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Culture: Annie Liebovitz gets a second chance to pay her massive bill

  • In these challenging times I am appreciative to Art Capital for all they have done to resolve this matter and for their cooperation and continued support. I also want to thank my family, friends, and colleagues for being there for me and look forward to concentrating on my work.
  • Famous magazine photographer Annie Leibovitz • Discussing the agreement she made with Art Capital Management to avoid losing ownership to her photography and homes. Leibovitz faced a Tuesday deadline to repay a $24 million loan. The new terms mean she has a new deadline to pay off the loan, but that deadline hasn’t yet been set. • source
Posted by Ernie Smith • 0 Comments • Permalink

21 Jun 2009 11:58

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Biz: Want a loan in this economic climate? You must be this tall.

  • 720 credit score or higher to get a loan in this recession source
Posted by Ernie Smith • 0 Comments • Permalink
 
 
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