The Chinese government’s push to clean up local government financing may double the balance of non-performing loans at the nation’s banks, the 21st Century Business Herald reported today, citing an unidentified commercial bank official.
The pile of late payments to vendors facing the Illinois government shrank to $4.8 billion in February, down $2.5 billion from a year earlier, according to a report from the state Comptroller’s office.
A Chilean university owned by Laureate Education Inc., a global chain with former President Bill Clinton as honorary chancellor, was stripped of its accreditation, cutting off its access to government loans for new students.
Ron Ford knows that Illinois, the state with the worst credit rating in the U.S., will have returned to financial health when he and about 19,000 other vendors get paid the combined $8.8 billion owed them. That day won’t come soon.
(The following press release from the Liberal Democrats was received by e-mail. The sender verified the statement.) Conservative Liberal Democrat coalition agreements Wed, 12 May 2010 Agreements between the Liberal Democrats and the Conservative Party was reached May 11, 2010. This document sets out agreements reached between the Conservatives and Liberal Democrats on a range of issues. These are the issues that needed to be resolved between us in order for us to work together as a strong and stable government. It will be followed in due course by a final Coalition Agreement, covering the full range of policy and including foreign, defence and domestic policy issues not covered in this document. Deficit Reduction The parties agree that deficit reduction and continuing to ensure economic recovery is the most urgent issue facing Britain. We have therefore agreed that there will need to be: