| Whig.com
REFERENDUM: The Quincy School Board will continue discussing whether to ask voters to increase the education fund levy but members are unlikely to finalize a decision tonight. The board meets at 7 p.m. in the Baldwin Round Room. The agenda does not include a vote on a ballot issue, but does include adopting a resolution on the estimated amount that needs to be levied for 2007 taxes payable in 2008. MALPRACTICE SUITS: A judge threw out Illinois' law placing caps on some medical malpractice lawsuit awards Tuesday, reigniting debate over one of the Legislature's most contentious issues. MEEKS: Zachary Meeks, accused of setting an April 15 fire that killed five young Quincy children, is scheduled to be in court Wednesday. AROUND THE WORLD STD RATES: More than 1 million cases of chlamydia were reported in the United States last year the most ever reported for a sexually transmitted disease, federal health officials said Tuesday.
Fitch Put GMAC on Rating Watch Negative
Fitch Ratings on Wednesday said it placed the "BB+" long-term issuer default ratings for GMAC LLC, the financial-services company formerly controlled by General Motors Corp., and its subsidiaries on rating watch negative. Fitch said the review reflects the continuing pressures on the company's residential mortgage subsidiary, Residential Capital LLC, also known as ResCap. Fitch said it expects to complete its review of both GMAC and ResCap in the next four to six weeks. Besides the long-term issuer default rating, Fitch also is reviewing GMAC's "B" short-term issuer default rating, "BB+" senior unsecured rating and "B" short-term debt rating. .
Aussie co to finance small Indian businesses
Over one million small business owners in India will be provided financial help by an Australian social investment company. The microfinance provider targets poverty alleviation using a commercial approach. It has raised about USD 30 million from Australian donors in the last 12 months and the money would be used to supply financial loans and business services to budding entrepreneurs in India to help break the poverty cycle. Opportunity International Australia aims to fund five million entrepreneurs in India over the next five years. "With this initial tranche of money leveraged at a rate of up to six times by debt funding from the major Indian banks, we will be able to reach one million small business owners," Opportunity Australia chief executive Paul Peters said, according to The Age report on Friday.
Australian co to provide finance to small Indian businesses
Melbourne, Nov 16 (PTI) Over one million small business owners in India will be provided financial help by an Australian social investment company.
The microfinance provider targets poverty alleviation using a commercial approach. It has raised about USD 30 million from Australian donors in the last 12 months and the money would be used to supply financial loans and business services to budding entrepreneurs in India to help break the poverty cycle.
Opportunity International Australia aims to fund five million entrepreneurs in India over the next five years.
"With this initial tranche of money leveraged at a rate of up to six times by debt funding from the major Indian banks, we will be able to reach one million small business owners," Opportunity Australia chief executive Paul Peters said, according to 'The Age' report today.
India, Russia ink four pacts, to expand civil nuclear ties
Moscow, Nov 12 (IANS) India and Russia Monday signed four agreements in space, defence, trade and narcotics control and agreed to expand their ongoing cooperation in civilian nuclear energy. The agreements were signed after Prime Minister Manmohan Singh held talks with Russian President Vladimir Putin that were characterised by 'warmth, cordiality and unanimity on all issues of mutual interest'. In a clear message to those who suspect a chill in India-Russia ties, the two leaders affirmed their commitment to consolidate and expand their strategic ties and underpinned it with a robust economic partnership. Although the two countries did not sign a pact on building four additional reactors at Kudankulam in Tamil Nadu as the details were yet to be finalised, they decided to expand their operation in the crucial area of civil nuclear energy.
|
