Billy Cunningham vs. Tamara Holder Debate - Did Eric Holder Lie Under Oath? - Sean Hannity
The last time Tamara Holder and Bill Cunningham faced off on Hannity, well, it didn #39;t go so well. They got testy with each other, shouted a lot, and Cunningh...
By: Lakita Gamble
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Billy Cunningham vs. Tamara Holder Debate - Did Eric Holder Lie Under Oath? - Sean Hannity - Video
Switzerlands Finance Minister Eveline Widmer-Schlumpf is meeting U.S. Attorney General Eric Holder in the U.S. today to discuss Swiss banks.
The meeting was supposed to take place in April during the International Monetary Fund and World Bank spring meetings and was rescheduled, Swiss Finance Ministry spokesman Roland Meier said by phone today.
The two countries signed an accord last year over how to punish Swiss financial institutions that used secret accounts to help American clients hide assets from U.S. tax authorities.
Credit Suisse Group AG (CSGN) is at risk of being criminally charged by U.S. and state prosecutors, a person familiar with the matter told Bloomberg News on April 29, signaling that authorities are taking a tougher approach as they seek to resolve probes of major banks. Credit Suisse is the largest of 14 Swiss banks under U.S. criminal investigation amid a crackdown on offshore tax evasion.
Todays talks are about Swiss banks and about the banking program, Meier said, declining to provide details.
Credit Suisse said in its quarterly report today that the DoJ investigation remains outstanding.
Widmer-Schlumpfs meeting with Holder was reported earlier today by Swiss radio RSI.
To contact the reporter on this story: Zoe Schneeweiss in Zurich at zschneeweiss@bloomberg.net
To contact the editors responsible for this story: Craig Stirling at cstirling1@bloomberg.net Jan Schwalbe, Paul Verschuur
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Widmer-Schlumpf to Meet DoJs Eric Holder Today on Swiss Banks
Right-Wingers: Donald Sterling #39;s A Democrat
Clip from the Wednesday, April 30th 2014 edition of The Kyle Kulinski Show, which airs live on Blog Talk Radio and Secular Talk Radio monday - friday 4-6pm Eastern. Check out our website -...
By: Secular Talk
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Right-Wingers: Donald Sterling's A Democrat - Video
With New York poised for its best credit rating in four decades, Governor Andrew Cuomo is authorizing the most borrowing since 2006 as he boosts investments in schools, roads and health care.
The $7.6 billion in new obligations in the budget approved in March will be spread out over at least five years. It includes $2 billion for school technology, the first bond referendum on the ballot since 2005; $1.2 billion to rehab health-care facilities; and about $1 billion for economic development.
The state has more room to issue bonds after its debt load shrank the past two years -- something that hasnt happened in five decades. Officials also project faster growth in personal income, which is used to calculate the ceiling. Meanwhile, New York may win its highest grade from Standard & Poors since 1972 after four consecutive on-time budgets.
Nothing speaks better to the state benefiting from a positive economy than its willingness to further leverage itself, said Charles Grande, head of muni research in New York at UBS Global Asset Management, which oversees about $14 billion.
Cuomo, a 56-year-old Democrat, is placing an election-year bet that the economy of the third-most populous state will grow fast enough to afford the new debt. The borrowing plan, tapping interest rates close to generational lows, coincides with an improving financial picture for the state. When the fiscal year ended March 31, New York put money into its rainy-day fund for the first time since 2008.
This years authorized borrowing is the most since $13.2 billion in fiscal 2006, according to data from state Comptroller Thomas DiNapoli.
New York is one of 16 states to have regained the jobs that businesses cut during the 18-month recession that ended in 2009, according to the state Labor Department. Its 6.9 percent jobless rate in March, close to the lowest since 2008, compared with 6.7 percent nationally.
The state would be issuing into a strengthening market for its debt. New York securities are outperforming the rest of the $3.7 trillion municipal market.
Tax-exempt state bonds maturing in March 2020 traded last month at an average yield as low as 1.29 percent, the lowest in a year, data compiled by Bloomberg show. The rate yesterday was about 0.27 percentage point less than benchmark munis, even though New Yorks credit grade is two steps below the top.
Even with the new bonding authorization, in every year of the capital plan our debt-to-personal-income ratio is expected to be the lowest level the state has recorded in decades as a result of very prudent debt management and the growing economy, Morris Peters, a spokesman for Cuomos budget division, said by e-mail.
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Cuomo Borrowing Most Since 2006 Shows Fiscal Muscle: Muni Credit
Republican Candidate Jeffrey Snyder talks Indiana State Senate District 15
Republican Candidate Jeffrey Snyder talks Indiana State Senate District 15.
By: WANE NewsChannel 15
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Republican Candidate Jeffrey Snyder talks Indiana State Senate District 15 - Video