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Some middle-age entrepreneurs are starting companies using their retirement savings, a novel financing method that they say avoids loan payments and early withdrawal penalties.
Fording unitholders approve Teck takeover; Teck secures $10B financing (Canadian Business)
Brenda Bouw, The Canadian Press September 30, 2008 - 2:52 p.m. VANCOUVER - Fording Canadian Coal Trust (TSX:FDG.UN) voted to accept a US$14-billion takeover by Teck Cominco Ltd. (TSX:TCK.B) on Tuesday, the same day Teck sealed a $10-billion financing arrangement to pay for the purchase.
Social Web sites fill student loan gap (San Francisco Chronicle)
Jennifer Reynolds doesn’t like asking people for money, but the Santa Clara University graduate student found herself writing a pitch for a $7,000 school loan that a company called GreenNote then posted on the Internet. “I love other people foremost,” she…
Reconsidering Deposit Insurance (New York Times)
Astonishingly, the United States government still insures only the same level of savings $100,000 per individual account it did when Ronald Reagan occupied the White House.
