Word: loans
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Moscow is particularly unhappy about the E.U.'s offer to include Belarus - traditionally a staunch Moscow ally - in the Eastern Partnership, albeit on the condition that Minsk improve its shoddy human-rights record. When the E.U. recently offered a multibillion-dollar loan to help modernize the Ukrainian pipeline system - conduit for 70% of Russian gas sales to Europe - Russian leaders were furious. Moscow has also tried to foil European attempts to build stronger energy links with Azerbaijan. Potential for conflict exists in Georgia, where E.U. observers are the only ones left after Russia forced Organization for Security and Cooperation...
Since May 2008, the company has repaired 375 miles (600 km) of dirt road, leveled thousands of acres of rubber, identified 600,000 (250,000 hectares) more, and won a $112-million loan from the U.S. government-funded Overseas Private Investment Corporation to build the power station. In Buchanan, they're helping to revive a town. BRE pays wages of up to $600 a month for a heavy plant operator and Baines reckons the number of shops in Buchanan has doubled since BRE arrived. Buchanan suddenly has a third-division soccer team, in which Baines plays striker. "It's moving...
...Washington Relief on Student Loans In a rare piece of welcome news for students struggling to pay for college, the Federal Government is offering a loan-repayment plan that reduces monthly bills for graduates who take home thinner paychecks. The new policy is accompanied by an interest-rate reduction on new federal subsidized Stafford loans, which will drop from 6% to 3.4% by 2012. Students who work in public service can have the balance of their loans forgiven after 10 years...
...port project at Hambantota - that's a massive new Chinese project. It's a Sri Lankan project. China helped us. It's a commercial loan. Hambantota is my area, and it had been neglected for so many years. It's my duty, my obligation to develop that area. We must develop not only Colombo, but other districts...
...They can still afford to pay but they decide not to," says Paola Sapienza, a finance professor at Northwestern University and one of the paper's authors. "It's very easy to do this in the U.S." Even though there are serious consequences to reneging on a home loan - including wrecked credit, not being able to buy another house for years to come, the cost of moving and the social stigma associated with being a person who does not honor one's commitments - lenders tend not to pursue former homeowners for the money they are owed because of the prohibitive...