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In This Short Article You'll Learn What Every Grower Had Best Take in About Term Life InsuranceBy Vic RomanoWhereas myself are asked to outline term materiality some would enunciate that term is classic lifetime surety, as all you are stunt is paying up for a skull and crossbones interest. At the leastyou are renting foresight for the term or man of the policy, say in reply 10 common years. If you demise during the term in any event the policy is in in force the term policy pays its expiration gain.
In series to add a little sizzle to make a term policy supplemental marketable there are a few added ingredients that make it better like seem less like "pure" bulwark, as something surplus permanent than it really is.
The term body policy's premiums are level from the day you subscribe to it until the end of the term. And no mistake if you were really payment the real corresponding price tags, your payments would grow one by one regular year. In that case, if you could see them going up fiscal year after fiscal year, if there was any occasion that you could be convinced that you in no way longer needed the insurance,
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you would cancel the policy and the associate would not make very much bread.
Beyond all boundsterm body policies these days are also guaranteed renewable before or at the end of the prime term so you can't have the policy taken away from. For all that, companies have no doubt that your needs for will last for as month after month as you exist, so them want you to keep paying out for far over and above that inceptive term period.
The holding to you of the renewable factor is that you don't urge to be found to the affiliation that you are still "insurable" To rights to keep the term policy in valid for a longer period than the first term. Logically, several time you renew, the premiums will be higher for the succeeding period of quarters because you are older and, therefore, supplemental likely to up and die.
Ancillary peculiarity of Unequivocally term way of life policies is convertibility. In my judgement the convertibility twist is vital and is a attribute whose terms you and your advisors must indeed assimilate. The convertibility angle adds an appurtenance of flexibility that may become very supreme to you in the future.
The convertibility twist means that the term policy can be exchanged for auxiliary classification of life story consistently at any time before the expiration of the policy's term. purchaseing a convertible term life policy will put you in control considering will be able to convert to a permanent species of coverage at a later time, without having to establish that you are still insurable.
Habitually animal kingdom choose term for barrier in any case the need for it is only inconstant, such as mortgage payoff, line of business demand loan and trade revenue accountcheck obligatory by a vendor, or perhaps as income heir whereupon their little kids are young. There are times as long as the requirements for immediate moolah forearming In working order for them to keep the commitments number one have made if i were to check out make term the only probable transcription.
In other words term living soul is a permanent step for a flitting eagerness. And it is a provisional device for a permanent prerequisite.
You can judge out how much you need for and come by a quote online. You can buy into term through the carrier pigeon and never have to speak with an special agent. The Internet sets you free to extract what you want nevertheless you want it and pay bordering on whatever you want.
The jigsaw puzzle is, does that make the Absolutely sense for you, your lineage and your body corporate? Isn't it achievable that a trained general agent who has spent a lifetime helping rank and file like you will have insights and experiences to share that you can interest from?
Recall, even so you buy up persona commissions will be paid to someone. Should that be a wholesale aggregator with a web site or a trained professional agency you confidence who has to view you in the deadeye for as long while as you all shall be in existence?
Vickie Romano has a lifetime of experience managing the family business. She, her husband, and his parents run a massive ag enterprise that employs hundreds of seasonal workers and well as 25 permanent employees comprised of family members, non-family, friends, friends' children, and professionals. In addition to articles about insurance she writes about the critical importance of effective communications on the farm. Click here for a free report that will help build your company's communication skills for a stress free and more profitable future.
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Legg Mason to take another earnings hit but gets breather on loans Legg Mason Inc. will take $316 million in after-tax charges to shore up money-market funds in the quarter that ends Dec. 31. (LM)
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</div> Falsified audit leads to guilty plea for Syntrix biotech exec A biotech executive pleaded guilty Monday in federal court to charges stemming from submitting a fake audit report to the National Institutes of Health (NIH), the U.S. Department of Justice announced.
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</div> Feds suspend Skyridge Pharmacy's drug certificate Skyridge Pharmacy’s certificate to dispense drugs was suspended Monday, after the owner was accused of distributing drugs to customers without valid prescriptions, according to the U.S. Drug Enforcement Administration.
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</div> Circle Bancorp names Kit Cole chairman and CEO Circle Bancorp. which operates Circle Bank, said Monday that Kit Cole was appointed chairman and CEO, effective immediately. (TAMB)
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</div> Kansas couple wins verdict against Swift Transportation A Kansas couple was on the winning side of a $23.5 million verdict awarded by a federal jury in Wichita in a trucking accident dispute.
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</div> Worthington Industries taps new CFO Worthington Industries Inc. has named an executive from private equity investor MCG Capital Corp. as its finance chief, filling a job that sat vacant for four months. (MCGC) (GS) (WOR)
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</div> Report: Bond investors sue Countrywide A group of bond investors is demanding that Countrywide Financial Corp. purchase mortgage loans for which it plans to reduce borrowers’ payment terms. (BAC)
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</div> Dow plunges 680 points on Monday The stock markets plummeted Monday on a slew of bad economic news, not the least of which was the official word that the U.S. has been in a recession since December 2007.
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</div> Ashland CEO took pay cut for ?08 Ashland CEO Jim O’Brien’s pay fell by a fourth to $4.8 million for the year ended Sept. 30, his cash and long-term incentive compensation declining together, the company reported to regulators. (ASH)
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</div> Report: Bond investors sue Countrywide A group of bond investors is demanding that Countrywide Financial Corp. purchase mortgage loans for which it plans to reduce borrowers’ payment terms. (BAC)
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</div> Dow plunges 680 points on Monday The stock markets plummeted Monday on a slew of bad economic news, not the least of which was the official word that the U.S. has been in a recession since December 2007. (STI) (SBKC) (LION) (UCBI) (SNV) (HD) (UPS) (KO) (DAL) (SO)
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</div> Fitch reaffirms AA+ rating for CPS Energy bonds Fitch Ratings has confirmed its AA+ rating for San Antonio’s electric and gas systems revenue bonds, Series 2008A, issued on behalf of CPS Energy.
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</div> Celtics and Bentley renew deal The Boston Celtics and Bentley University have extended their relationship for another two years, the team said Monday.
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</div> Report: Bond investors sue Countrywide A group of bond investors is demanding that Countrywide Financial Corp. purchase mortgage loans for which it plans to reduce borrowers’ payment terms. (BAC)
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</div> JPMorgan Chase to lay off 9,200 WaMu workers JPMorgan Chase said Monday it will lay off 9,200 Washington Mutual employees nationally, out of the company’s total work force of about 42,000.
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</div> Ashland CEO took pay cut for ?08 Ashland Inc. CEO Jim O’Brien took a 25 percent pay cut, down to $4.8 million in fiscal 2008, as both cash compensation and long-term incentive compensation declined from 2007. (ASH)
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</div> Citigroup spends less on ads, Scottrade spends more The financial services industry, including Citigroup, spent 10 percent less on advertising this year, but online brokerage Scottrade bucked the trend and spent more, a new analysis shows.
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</div> Houston architect?s Shanghai building starts construction Construction began Nov. 29 on what will be China’s tallest building — a structure designed by Houston-based architect Marshall Strabala.
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</div> Inn of the Anasazi names new director Andrea Gates has been named the new managing director of the Inn of the Anasazi in Santa Fe.
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</div> Services set for Lofgren family A memorial service for Parker Lofgren and his family will be held Dec. 5 at Good Shepherd Catholic Church in Denver, according to information posted Monday on the St. Charles Capital website.
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</div> Hawaiian Telcom losses top $425M Hawaiian Telcom’s filing for bankruptcy protection follows years of losses totaling more than $425 million. That includes losses of $105 million so far this year.
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</div> Association of the blind names Burke executive director, CEO The Northeastern Association of the Blind at Albany has named Christopher T. Burke executive director and CEO of the nonprofit organization.
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</div> Health Care Foundation of Greater Kansas City awards $7M in grants The Health Care Foundation of Greater Kansas City today announced nearly $7 million in “safety net health grants” to 51 area organizations.
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</div> N.J. bill would ostracize outsourcers Three New Jersey assemblymen announced the introduction of legislation Monday that would prohibit the state from doing business with companies that move work from the United States to other countries.
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</div> Company with 1,300 local employees files for Chapter 11 Pilgrim’s Pride Corp., the chicken processor with a 1,300-worker facility in Sanford, said Monday that it has filed for Chapter 11 bankruptcy. (PPC)
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</div> Fla. AG settles with Jacksonville mover Florida’s Attorney General has settled a case against Father & Son Moving and Storage of Jacksonville Inc.
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</div> Pilgrim's Pride files for Chapter 11 Pilgrim’s Pride Corp., the chicken processor with a 1,300-worker facility in Sanford, said Monday that it has filed for Chapter 11 bankruptcy. (PPC)
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</div> Crist urges 45-day freeze on foreclosures Leaders from the Florida Bankers Association and Florida Credit Union League joined Gov. Charlie Crist on Monday in asking their members to provide temporary relief from foreclosure to Floridians who face the prospect of losing their homes.
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</div> Capital Financial Group bought by Securian Securian Financial Group closed on its previously announced purchase of Capital Financial Group Inc. and its broker-dealer H. Beck Inc.
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</div> Report: Roche still seeking loan for Genentech bid A $45 billion syndicated loan for Roche’s buyout of South San Francisco’s Genentech Inc. is becoming tougher to get, and the Swiss drugmaker is seeking alternatives, Reuters reported. (DNA)
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</div> Crist urges 45-day freeze on foreclosures Leaders from the Florida Bankers Association and Florida Credit Union League joined Gov. Charlie Crist on Monday in asking their members to provide temporary relief from foreclosure to Floridians who face the prospect of losing their homes.
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</div> Survey: Weekend sales brisk, Cyber Monday to follow suit The retail industry’s trade group is still projecting a meager rise in holiday shopping this year, but the season appeared to have started lively with holiday weekend store sales that exceeded projections. (EBAY)
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</div> Hawaiian Telcom files for bankruptcy protection Hawaiian Telcom Communications filed for Chapter 11 bankruptcy protection Monday morning.
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</div> TWC announces unemployment benefit extention Unemployment Insurance benefits have been extended for seven weeks, the Texas Workforce Commission has announced. President Bush recently signed legislation providing up to seven weeks of emergency unemployment benefits to workers who have exhausted their benefits and are still unemployed. The extended benefits are federally funded and employers will not be charged for any claims paid on this extension, the TWC says.
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</div> Fannie Mae plans to stay on NYSE Fannie Mae told the New York Stock Exchange that it intends to meet the continued listing standard. (FNM)
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</div> Colombia Air Force getting ETC equipment Environmental Tectonics Corp. said Monday it has received a $1.8 million contract from the Army to provide a hyperbaric chamber to the Colombia Air Force as part of the Foreign Military Sales Program. The Colombia Air Force will use the chamber, which simulates conditions at high altitudes, for training.
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</div> Kforce boost stock buyback The board of directors of Kforce Inc. agreed to allow the company to repurchase additional shares of common stock. (KFRC)
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</div> Achievement Awards - Clint Ballinger Clint Ballinger has a standard dress code when he’s looking for money. If the pinstripe suit doesn’t give it away, check out the feet.
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</div> Markets react to more bad economic news Stocks were down in Asia and in Europe Monday morning.
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</div> Markets plummet Monday on bad economic news The stock markets plummeted Monday on a slew of bad economic news, not the least of which was the official word that the U.S. has been in a recession since December 2007. (AA) (AYE) (ATI) (AEO) (CNX) (DKS) (FII) (HNZ) (KOP) (NCC) (NCX) (PNC) (PPG) (X) (WCC)
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</div> TSYS venture signs 5th-largest China lender TSYS’ China UnionPay Data Services Co. joint venture has inked a multi-year credit card processing agreement with China Postal Savings Bank. (TSS)
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</div> Markets react to more bad economic news Stocks were down in Asia and in Europe Monday morning.
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</div> Fighting the foreclosure crisis Ron Kalbfleisch is staring foreclosure in the face and he doesn’t know who will blink first. A die maker for the past 23 years, Kalbfleisch is four months behind on payments at his Dayton-area home. He had been working 50 hours a week at his full-time job and an additional 10 hours to 15 hours per week at a part-time job.
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</div> Lenders look to avoid foreclosures Even though homeowners have not received a government bailout, the financial crisis is helping some people deal with mortgages.
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</div> Despite slump, banks have dollars to lend Bankers swear they still have money to lend, even as bank profits fell to their second-lowest level in 18 years.
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</div> Comprehensive coverage, client care help Metzler Bros. Insurance grow As the economy endures a full-on recession, businesses cut back production and unemployment claims rise to their highest levels in decades, Kansas City-based Metzler Bros. Insurance is growing and adding staff.
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</div> Bogle?s sage advice provides a port in the storm Attempting to survive unquestionably the most turbulent stock market I have ever experienced, I turned to one rudder I have relied on for a lot of years.
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</div> Small biz slogs through the turmoil; agency reports demand for SBA loans Alan Hoambrecker has never been in the news before. But in times when the latest corporate layoff announcement often is the business news of the day, Hoambrecker stands out for the 30 jobs his small business is preparing to create.
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</div> Ripe or rotten for a deal? Market, performance complicate Sprint?s value On the surface, Sprint Nextel Corp. looks like a great deal.
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</div> For high-tech entrepreneurs, time is right to launch firm Continuously renewing our regional economy requires the constant development of new companies in high-growth sectors. After all, entrepreneurs are the primary source of innovation and job creation, and they (and the venture capital that propels them) gravitate to regions where success is more likely.
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</div> Values abound, but the market makes investors focus on strength If you’re looking for a bargain in the stock market – and who isn’t – there are plenty out there.
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</div> What financial crisis? Banks grow more branches As Citigroup Inc. and other banking behemoths convulse amid the nation’s financial crisis, a half-dozen smaller banks have opened or announced a flurry of new branches in the Washington area in recent weeks, including a large North Carolina bank doubling its local presence.
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</div> Small stretch of 8th Street SE seeks its own identity The northern side of Eighth Street SE is home to Barracks Row, featuring revitalized restaurants, shops and taverns. On the southern edge, a new neighborhood, The Yards, is planned.
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</div> Montgomery County debuts work force housing at King Farm Montgomery County is ready to sell its first work force housing condominiums, just as the slow residential market begins to yield more affordable housing naturally.
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</div> The fans have spoken Cincinnati sports fans think of the Reds as “professional” and “family-oriented.”
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</div> Despite slump, banks have money to lend Bankers swear they still have money to lend, even as bank profits fell to their second-lowest level in 18 years.
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</div> Tax filing offers glimpse into $35B Gates Foundation Due to a disclosure requirement, the Bill & Melinda Gates Foundation has provided a revealing — though somewhat dated — glimpse of its financial activities.
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</div> Pioneer Square wins ShareBuilder?s 18-month space search After 18 months of looking for new headquarters space — and twice being shouldered aside as Microsoft wolfed down entire buildings — Dan Greenshields has finally found a new home for ShareBuilder Securities Corp. in Seattle’s Pioneer Square.
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</div> Questions for John Meisenbach, president, MCM The nation is on a roller-coaster ride because of turmoil in the financial sector and, now, a global economic crisis. We spoke with John Meisenbach, president of MCM, a financial services and insurance company in Seattle that he founded more than 40 years ago.
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</div> Community investment Your Nov. 14 issue featured an article on banking regulators’ evaluation of Seattle Savings Bank’s performance under the federal Community Reinvestment Act (CRA). Your coverage (“Seattle Savings Bank dinged for low community support”) draws attention to financial institutions’ responsibilities to serve low- and moderate-income communities, but in the case of Seattle Savings Bank, did not fully report on our institution’s lending record.
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</div> A catalyst for cleanup, Puget Sound Partnership needs funding If there were an eye-opener in the Puget Sound Partnership’s recently released draft recommendations, it is that industry alone is not the biggest threat to the Sound. To save Puget Sound, the everyday activities of people — how we live, work and travel on the land — will have to change.
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</div> The money factor For nine years, traditional bank lines of credit had kept a river of cash flowing through Tabitha Tyson’s government contracting company. But this past February, the CEO of Empowerment Technology Inc., a Washington, D.C.-based information technology consulting business, found herself at a financial crossroads.
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</div> Move office meetings out the door Here’s an idea: get out of the office.
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</div> East Baltimore biotech, housing development behind schedule The nationwide credit crisis has ensnared plans to revitalize East Baltimore with new homes and a massive biotechnology park, setting the $1.8 billion project months behind schedule and in search of cash to move forward.
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</div> Hot money For banks in a weak economy, deposits are golden — a solid funding base they can draw on to lend out money.
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</div> State might guarantee loans made to minority businesses The state may step in to take some risk out of a minority business loan program to encourage lending amid the national economic crisis.
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</div> Survey: Cash flow big issue for small firms About 44 percent of small-business owners this month reported they had experienced cash flow issues over the past 90 days, up from 38 percent in October.
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</div> Morgan Stanley fined $35K for weak oversight of broker The Maryland securities commissioner has found that brokerage Morgan Stanley & Co. did not properly supervise a former broker, George Divel III.
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</div> Money hungry Once upon a time, cash was king. In a credit-crunched world, cash is the entire royal family. (UA) (CEG) (GRA) (BDK) (FCN) (FCL) (OHI) (GPX)
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</div> Sour mortgage-related investment spoils Slavie earnings The parent company of Slavie Federal Savings Bank posted a $1.6 million third-quarter loss as one of its investments lost value in the battered mortgage market.
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</div> MedImmune to double size of Montgomery Co. HQ The region’s largest biotech is hitting another growth spurt.
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</div> Fed, Treasury inject $200B into sluggish SBA programs The Federal Reserve Board announced plans for a $200 billion lending facility aimed at unfreezing secondary markets for Small Business Administration loans and consumer loans.
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</div> AlphaMark takes on market with new mutual funds The stock market could be headed for its worst year ever. Investors are fleeing. So why would a local money manager decide now to launch his firm’s first mutual funds?
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</div> Treasury should help distressed homeowners Recently, Congress learned about the progress of the Treasury Department’s implementation of the Emergency Economic Stability Act of 2008 and the usage of the authorized funds.
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</div> Bankers: Still ?actively looking? for good loans Bankers swear they still have money to lend, even as bank profits fell to their second-lowest level in 18 years.
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</div> Customers losing appetite for big holiday celebration Catered holiday parties are going on a diet.
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</div> Joint plan for power plants Part of Duke Energy Corp.’s legislative agenda is likely to lay the groundwork for regional planning for big projects such as its proposed $11 billion Lee Nuclear Station near Gaffney, S.C.
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</div> Moore & Van Allen cuts hit summer associate program Moore & Van Allen is freezing its summer associate program in 2009 as part of a larger cost-cutting effort.
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</div> Online extra: Pittsburgh 100 fastest-growing companies for 2009- complete responses The Business Times asked the top officers at Pittsburgh’s 100 fastest-growing companies for their outlook of the first half of 2009. Below are the complete responses we received from more than 60 companies, in alphabetical order. For excerpts of a sampling of the responses, see the Nov. 28 - Dec. 4, 2008 issue of the Pittsburgh Business Times.
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</div> Citizens South growing into bigger Meck share Citizens South Banking Corp. has been quietly moving up in the pecking order of Charlotte’s financial institutions as competitors are gobbled up by larger banks.
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</div> Breakup leads to 2 new firms GrowthFinance has split into two new Charlotte professional-services firms.
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</div> Idle Realtors turn to training, new niches, prayer Realtors’ paychecks and those of their assistants are casualties of the weak housing market.
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</div> Federal Reserve?s Kane ready for spring departure The Federal Reserve’s local point man is stepping down from his post early next year. <strong>Jeff Kane</strong>, senior vice president in charge of the Charlotte branch of the Federal Reserve Bank of Richmond, said at an event last week that he plans to retire in March. He intends to remain in Charlotte.
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</div> Home equity lending tightens as property values shrink It’s gotten more expensive — or in some cases impossible — for homeowners to tap the equity in their homes to consolidate debt, take a dream vacation, remodel the house or buy a vehicle.
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