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) The Debt Counsellors are Seeing More Middle and High-Income Debt Enquiries
Financial slowdown sees a surge in middle and higher income earners seeking IVA and Debt Consolidation help, according to The Debt Counsellors customer profile.(PRWEB) October 5, 2007 -- The current moneymarket confidence freeze -- caused by the recent credit crunch -- promoting a sense of fear in the money markets and making loans harder to find and more costly, is now affecting even the more well-off, as noted by recent enquiries to The Debt Counsellors.
According to a recent news report: "Second quarter figures from the Insolvency Service showed a 4.2 per cent annual rise in the number of individual insolvencies through bankruptcy and individual voluntary arrangements and anecdotal evidence suggests these now include borrowers on middle and higher incomes."
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) City wants to amend sales tax for new home
Public hearings on the redirection of the funds are planned for Nov. 8 and Nov. 15.
The City Council secretary announced Thursday that the administration wants to amend third-penny sales tax expenditures to redirect $5.93 million toward One Technology Center.
The targeted tax revenues include surplus funds and funds allocated to maintenance and renovation of city facilities being vacated by the consolidation move into One Technology Center.
The funds are spread over four third-penny sales-tax packages.
In September, the city bought One Technology Center, 100 S. Cincinnati Ave., to become a consolidated City Hall.
The city paid $52.25 million to buy the fully furnished, high-tech, 15-story glass building from Leucadia National Corp. More>> - (
) BUSINESS ROUNDUP
BRIDGETON -- Tastefully Simple Inc., a national direct-sales company featuring easy-to-prepare gourmet meals, recently added three local residents to the company.Kathy Acevedo, of Bridgeton, Debra Johnson, of Malaga, and Renee Ridgway, of Vineland, will be working for the company as consultants, presenting the company's products at home parties.
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) Stick to Your Guns
The following is an extract from the September 07 Issue of The Global Speculator sent to subscribers on the 5th of October 2007. The month of September 07 finally saw the much anticipated move higher in the precious metals sector and a break of the 16 month consolidation. The Federal Reserve cut rates 50 basis points sending the US dollar into a predictable tail spin. At this juncture there has been a flood of bearish articles on the precious metals sector. The reasons have ranged from the sector being technically overbought, to the large commercial short position that has been building in recent COT reports. Whilst a simple look at RSI levels for Gold and the XAU make it pretty difficult to disagree with the overbought appraisal (at least on a short term basis), it’s the bearish COT line of reasoning I want to spend a little time on. More>> - (
) Sidewalk jockeys incur resident wrath
Crafton resident Marie Murphy wants to put a stop to delivery trucks rolling up over the curb in front of her house.A borough zoning ordinance prohibits residents from putting stones in to stop trucks.
"I'm here to amend the rule," Murphy said at last week's council meeting.
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