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See the original article here: China Interest Rate Crisis Continues: 7-Day Interest Rate Doubles to 10% in One Week; China…
The Washington Post has details in Target says 40 million credit, debit cards may have been compromised Company officials offered few details on the intrusion, which reportedly began the day before Thanksgiving and lasted until Sunday this week. Security experts said that the kind of information stolen – including names, card numbers, expiration dates and three-digit security codes – could allow criminals to make fraudulent purchases almost anywhere in the world. The breach highlighted vulnerabilities in the massive, interconnected shopping systems used for billions of dollars of retail transactions every day.
The Chicago Tribune reports It’ll take time to see effect of new mortgage rules New regulations governing home loans take effect Jan. 10, but it’s likely to take a few months to see how much they really alter a prospective borrower’s ability to get a mortgage
USA Today reports Average 30-year mortgage rate moves up to 4.47% Mortgage buyer Freddie Mac said Thursday the rate on the 30-year loan increased to 4.47% from 4.42% last week. The average on the 15-year fixed loan rose to 3.51% from 3.43%. A government report issued Wednesday showed that U.S.
Excerpt from: 50 Foreign Companies Operating in France Sound the Alarm
Read More: European Banks Dump Massive Amounts of Subordinated Debt on Investors
See more here: Laughable Eurozone Banking "Non-Union"; Expect Disorderly Breakup
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Fed Study Shows Drop in Participation Rate Explained by Retirement; Let’s Explore that Idea, in Depth and in Pictures A November Fed study on the Causes of Declines in the Labor Force Participation Rate by Shigeru Fujita at the Federal Reserve Bank of Philadelphia concludes " The decline in the participation rate in the last one-and-a-half years (when the unemployment rate declined faster than expected) is entirely due to retirement.
View article: District Court Judge Rules NSA Phone Taps Likely Unconstitutional; 68 Page Ruling Cites "Orwellian Technology" and Unreasonable Searches