Taiwan90851 asked:


http://news.yahoo.com/s/ap/20080920/ap_on_bi_ge/financial_meltdown

ISRAEL

Right? asked:


MANILA, Oct 21 - The Philippines on Wednesday issued rules to implement a new law to allow the creation of tax-free personal retirement plans that will see funds flow into the domestic debt and stock markets.

Similar to the 401K plan in the United States, the Personal Equity Retirement Account provides tax incentives for long-term savings channeled into local financial instruments.

“The PERA law provides an organised framework for cultivating retail savings and offering the means to transform the resource of saving into the opportunities of long term investment,” central bank governor Amando Tetangco said in a speech.

The law allows a maximum annual contribution to tax-free savings accounts of 100,000 pesos per individual and double that amount for Filipinos working overseas.

Funds invested into PERA may be placed in a host of local financial instruments, including stocks, bonds and mutual funds.

Fund managers said they were waiting to see the details of the rules, which will be published this week, and it was too early to say how much this scheme would impact the stock and debt markets. The law will take effect immediately after the rules are published.

Nestor Espenilla, central bank deputy governor, told reporters it was hard to gauge how much funds would actually flow into the capital market, but the potential was huge.

“The total deposit base of the banking system is already in the order of around 5 trillion pesos,” he said.

“Of course only a portion of that could be re-directed towards long-term but we are after those outside the system, those who have not been saving before, especially OFW money,” Espenilla said.

More than a tenth of the country’s 92 million people live and work abroad. Last year they sent a total $16.4 billion pesos to their families and the amount is expected to climb 4 percent this year, based on central bank estimates.

FREDRICK

CARRY ON!!!!!!!!!!!!!!! asked:


use their wealth to get trophy wives from the financial district, news-anchors, models, etc…And use that money to buy booze and coke:http://news.yahoo.com/s/nm/20090324/hl_nm/us_financial_alcoholics

How sad for these guys? they got what they want in life…Nice homes, expensive cars and hot ****** that would do anything to have a taste of that high flying lifestyle….But, in the end, they succumbed to booze and drugs.

ROSELLA

The Mexican Jessica asked:


anything business,government,or financial news?anything besides the 15billion bailout.thanks

DUNCAN

Deek asked:


http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aSKSoiNbnQY0

How the Democrats Created the Financial Crisis

They were wrong on iraq and it was a losing issue for them.
louis, that’s just simply untrue.

MELVA

dmam7 asked:


I WAS SCAMMED BY THIS COMPANY. THEY ARE SCAM ARTIST. BEWARE!!! I DID A STORY WITH ACTION 9 NEWS-MY GOAL IS TO GET THERE WEB PAGE SHUT DOWN. DO NOT GIVE THEM ANY INFORMATION, THEY WILL GIVE AWAY YOUR IDENITY TO THE HIGHEST BIDDER. IT IS AGAINST THE LAW FOR THEM TO ASK FOR YOU TO SEND A MONEY GRAM OR WESTERN UNION. IF YOU SEND THEM CASH YOU WILL NOT GET IT BACK. IF YOU GET SCAM CALL YOUR LOCAL NEWS ROOM AND REPORT IT. TYPE “ACTION 9″ GO ON TO THERE SITE, THEN GO TO SPECIAL REPORT (SCROLL TO THE RIGHT) CLICK ON THE LITTLE BOX THAT SAYS GA TRUST FINANCIAL, AND SEE MY STORY HOW I WAS SCAMMED. PLEASE LEAVE YOUR COMMENTS

CURT

pantocool asked:


I have heard him suggest that if the iraqi government can’t pull it together, the US should just get out. Is he for real?
If he was a real conservative shouldn’t he want to stay the course no matter if every soldier in the US army lost their life, and all the US’s financial reserves were spent?

CARY

I’m a Dim/Lib Mm mmm mm… asked:


Watch out people. The Dems are the ultimate in flim-flam artists in using the smokescreen of one topic that eats up news time to grab power in other areas…

Anyone else worried about this grab?

ALVINA

JayT asked:


I was curious if people use Blockbuster or if they think it will go under. Earnings come out soon, and lately most stocks are going up because the economy is going gangbusters according to the financial news

GABRIELLE

Connor asked:


http://money.cnn.com/2008/10/09/news/companies/colvin_ge.fortune/index.htm

JOSHUA