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hopkinsasxz

hopkinsasxz   , 22

from West New York

Lamps, toys, hammocks get recalled

5898474352982350224.jpg (AP Photo/Consumer Product Safety Commission) Travel Deals The Associated Press Posted: Monday, July 8, 2013, 10:10 AM A line of decorative lamps with exposed wiring posing a fire hazard and toy helicopters with a rechargeable battery that can overheat are among this week's recalled consumer products. Others include potentially defective hammocks. Here's a more detailed look: LAMPS DETAILS: "Butterfly Clip Light" lamps with SKU# 416593 and "Shell Clip Light" lamps with SKU #416955 that feature a stained glass shade resembling a seashell or a multicolored butterfly. Both lamps use a 7-watt type C bulb and have a plug-in cord with a cord-mounted on/off thumb-switch. The SKU number can be found on the product's packaging. They were sold exclusively at Cracker Barrel Old Country Store locations nationwide and online at www.crackerbarrel.com from November 2012 through February 2013, WHY: The lamps have exposed wiring at the base, which poses shock and fire hazards. INCIDENTS: None reported. HOW MANY: About 8,000. FOR MORE: Call Angel's Touch Collections at 877-474-2133 or visit www.angeltouchcollections.com and click on "Recall Notice" for more information. Consumers can also send an e-mail to ATCrecall@gmail.com. TOY HELICOPTERS DETAILS: Fast Lane FA-005 radio control 3-channel helicopters with Eugene, OR toy store gyro stabilizer and charger, model number 5F5F2F5. The model number is printed on the front of the product packaging and on the underside of the helicopter. The double-rotor helicopters are blue and white, approximately 9-inches high and have the Fast Lane logo on the top of the helicopter.
For the original version including any supplementary images or video, visit http://www.philly.com/philly/home/Lamps_toys_hammocks_get_recalled.html

Couple put heart, mind in toy store

5898390654887653404.jpg Last year, the Powazeks donated to both Devereux, a day school for children and adolescents with special behavioral needs, and the Child Crisis Center in Mesa. The toys at the Doll House and Toy Store are not products typically found in major chains. Everything needs to be developmental, says Sari, who personally orders almost every item in the store. Our theory is we will carry some trend but we dont do the hot toys that are advertised on TV. The vast majority of items for sale in the Doll House and Toy Store are not battery-operated. According to Sari, We do a lot of old-fashioned, nostalgia toys [such as traditional metal jacks], old hands-on, creative play, active play toys that are good for the child. We like to do a lot of things that create out-of-the-box thinking. A lot of our games are thought process theyre not throw the dice and you win. Last year, The Arizona Republic awarded the store the Critics Pick for the Best Kids Toys. The Powazeks moved to the Valley from Las Vegas in 1977 when they wanted to start a family. Sari, an elementary school teacher in Las Vegas, had always dreamed of opening a toy store. Within a few months of the Powazeks move to the Greater Phoenix area, that dream came true. As Sam tells it, he agreed to stick around for a couple of years to help get the business started before returning to his corporate business career. Almost 36 years later, were still having fun, says Sam, who never ended up returning to his previous profession. What started in September 1977 as a 600-square-foot store in downtown Scottsdale expanded to the current location at the Scottsdale Promenade, where the store has been located since 2004. One of the Powazeks simple joys involves seeing adult customers who came into the store when they were kids come in with their own children. We have a lot of kids who come back, says Sari, smiling. On one occasion, Sam and Sari recall having a family of five generations come into the store together with the youngest being just a few months old. In addition to helping their customers understand how to use or put together their doll houses, games, etc., the Doll House and Toy Store offers group and one-on-one classes. It also has regularly scheduled programs, such as music and arts and crafts sessions. Upcoming art classes, conducted by Caring Nannies, include painting an easel for Fathers Day on July 11, making a puppet on July 18 and making a giant flower on July 25. Cost is $2 per session. The Doll House and Toy Store is the oldest family-owned miniature doll and toy store in North America.
For the original version including any supplementary images or video, visit http://www.jewishaz.com/localnews_features/business/couple-put-heart-mind-in-toy-store/article_f0b18428-e36b-11e2-85ba-0019bb30f31a.html

Watch Little Girls Disrupt The Toy Store's Pink Aisle In GoldieBlox Commercial

5898277902427436698.jpg Our girls deserve more," says the start of the "GoldieBlox" toy commercials, set to a music-box melody of what goes on to be a cover of Queen 's "We are the Champions." Cut to the shot of a little girl, dressed in a leotard, nailing ballet slippers to her skateboard, while another crafts a side-car for her bike so that her teddy bear can go for a ride. These images build up to the sight of a bunch of girls storming the "pink aisle" at the toy store, and GoldieBlox's intention is made even clearer: "Disrupting the pink aisle with toys for future engineers." Because girls can be engineers too, which most people might already know. But from the statement on GoldieBlox's website , only about 11% of them actually are, as 89% of the world's engineers are male. Founded in 2012, GoldieBlox appears to be looking to inspire young girls to open their minds beyond the pink aisle - presumably Barbie dolls and princess toys - at the toy store, while also introducing girls to the exciting world of engineering in a way that girls will connect to by combining a book and a construction toy geared toward a young female audience. GoldieBlox offers a much-needed female engineer role model who is smart, curious and accessible. She has the potential to get girls interested in engineering, develop their spatial skills and build self-confidence in their problem solving abilities. This means that GoldieBlox will nurture a generation of girls who are more confident, courageous and tech-savvy, giving them a real opportunity to contribute to the progress made by engineers in our society. The intention of the book and construction toy is great on its own, but what I love about the commercial is that I don't think it's trying to look down its nose at little girls who like girl things. It seems to recognize that a "girl" isn't just one thing. She isn't simply a "princess" if she likes pink and a "tomboy" if she likes to build or invent. Both of the girls showcased in the ad are dressed in pink. One of them sports a pair of glamourous star sunglasses, and then she gets to work fashioning a sidecar for her teddybear. And some girls like to get muddy, like one of the girls seen in a "More than just princesses" t-shirt near the end of the ad. Another girl can be seen with black lines under her eyes, which indicates that she plays sports. The message seems to be that girls can be whatever they love to be, and some of them might also love building and inventing. And the earlier they discover that, the sooner they can develop that interest into a passion that could take them into adulthood. For a better understanding of what GoldieBlox is all about, and to see the CEO, Debbie, watch the video below:
For the original version including any supplementary images or video, visit http://www.cinemablend.com/pop/Watch-Little-Girls-Disrupt-Toy-Store-Pink-Aisle-GoldieBlox-Commercial-57215.html


Lamps, toys, hammocks get recalled

Watch Little Girls Disrupt The Toy Store's Pink Aisle In GoldieBlox Commercial

5898277654815350878.jpg TOY HELICOPTERS DETAILS: Fast Lane FA-005 radio control 3-channel helicopters with gyro stabilizer and charger, model number 5F5F2F5. The model number is printed on the front of the product packaging and on the underside of the helicopter. The double-rotor helicopters are blue and white, approximately 9-inches high and have the Fast Lane logo on the top of the helicopter. They were sold at Toys R Us stores nationwide and online at www.toysrus.com from September 2012 through January 2013. WHY: The rechargeable battery inside the helicopters can overheat, posing fire and burn hazards. INCIDENTS: 11 reports worldwide of the rechargeable battery overheating. No injuries have been reported. HOW MANY: About 6,500 in the U.S. and 900 in Canada.
For the original version including any supplementary images or video, visit http://www.philly.com/philly/home/Lamps_toys_hammocks_get_recalled.html

Winchester toy shop to move into the Brooks Centre

5898277666605289064.jpg But from the statement on GoldieBlox's website , only about 11% of them actually are, as 89% of the world's engineers are male. Founded in 2012, GoldieBlox appears to be looking to inspire young girls to open their minds beyond the pink aisle - presumably Barbie dolls and princess toys - at the toy store, while also introducing girls to the exciting world of engineering in a way that girls will connect to by combining a book and a construction toy geared toward a young female audience. GoldieBlox offers a much-needed female engineer role model who is smart, curious and accessible. She has the potential to get girls interested in engineering, develop their spatial skills and build self-confidence in their problem solving abilities. This means that GoldieBlox will nurture a generation of girls who are more confident, courageous and tech-savvy, giving them a real opportunity to contribute to the progress made by engineers in our society. The intention of the book and construction toy is great on its own, but what I love about the commercial is that I don't think it's trying to look down its nose at little girls who like girl things. It seems to recognize that a "girl" isn't just one thing. She isn't simply a "princess" if she likes pink and a "tomboy" if she likes to build or invent. Both of the girls showcased in the ad are dressed in pink.
For the original version including any supplementary images or video, visit http://www.cinemablend.com/pop/Watch-Little-Girls-Disrupt-Toy-Store-Pink-Aisle-GoldieBlox-Commercial-57215.html

5897037675122670478.jpg Or contact us by email & phone. Search: Winchester toy shop to move into the Brooks Centre 11:27am Monday 1st July 2013 in News A mock-up photo of how the shop will look when it opens in October A WINCHESTER toy shop is relocating to a busier part of toy store in Eugene, OR town and creating three new jobs. Childhood's Dream will close on Southgate Street on August 24 and reopen at the Brooks Centre on Friday October 4. It has agreed a lease with the shopping centres owners, London and Henley, to take over the unit previously occupied by H2O Mud and Snow. Proprietor Susan Whyman said the upper High Street area has seen decreasing footfall which she blames on the High Street market discouraging shoppers venturing further uphill. She said London and Henley's support for independent shops and their realistic approach to rent has also been key to attracting them to the Brooks. Three new part-time jobs are also expected to be created by the move, plus additional staff for Christmas. Mrs Whyman said: It's been amazing just how much good will there is out there for the shop. Since we announced thatwe were moving, just about everyone coming into the shop has told us just how much they want us to stay in Winchester , and how much they like the toys we sell. We are also being made to feel really welcome by The Brooks. Childhood's Dream was established in 2008 and operates online too. In 2009, its in-house designed and developed software was short listed for the Winchester Business Awards. In 2012, turnover increased by 22 per cent over the previous year. The opening is good news for the Brooks which has seen several closures recently including Specsavers, Your Life Your Style and H2O Mud and Snow.
For the original version including any supplementary images or video, visit http://www.hampshirechronicle.co.uk/news/10518322.Winchester_toy_shop_to_move_into_the_Brooks_Centre/


Credit Counseling Agencies get Bigger; but Better?

Take the AICCCA 31-Day?Live Within Your Means? Challenge

5897054364142326750.jpg Viale, whose agency does both local and long-distance counseling, said that in-person sessions generate more commitment, with greater rates of success. "It takes 30 to 45 minutes longer... (but) it is a better session, you see better results," he said. Weighing against that is a 2011 study by Staten and other researchers, which found that counseling via phone and Internet worked as well as face-to-face sessions. The study looked at debtors' financial health after counseling and corrected for differences in income and assets. Then there is the big advantage in convenience for the call center experience. Some of the biggest agencies offer 24-hour help via phone or Internet chat. Most have software tools that help you get control of your budget and compare the costs of different interest rates and payment periods. Gail Cunningham, a former counselor and now vice president of membership and public relations for the National Foundation for Credit Counseling (NFCC), said that people who used to schedule time off from work to see a credit counselor can now get help over the phone during their lunch hour. Not having to meet the counselor in person can be a big plus for some debtors, who might otherwise put off getting help at all. "Consumers today are not interested in putting all their bills in a shoebox and going down and admitting to someone they can't pay their debt," Jones said. When it comes to discussing their financial troubles, a face-to-face encounter is the last thing many people want. There used to be some 850 nonprofit counseling agencies, a number that has dwindled to about 295 today after a crackdown by Congress and audits by the IRS, Jones said, citing statistics provided by creditors. While the image of in-person counseling at a small, locally based agency may seem appealing, that approach results in relatively high costs with few people helped, he said. Today the 10 largest nonprofit counseling agencies channel billions of dollars in repayments to creditors, mainly credit card issuers, and take in a combined revenue of about $400 million. Texas-based Money Management International, the largest agency, has five call centers and more than 128 offices spread over 23 states and the District of Columbia. Patricia Hasson, president of Clarifi in Philadelphia, said locally based agencies know the community better. Besides standard budgeting advice, local counselors may know where to get help with heating bills or mortgage assistance, even where to credit card debt find bargains on necessities or a part-time job for extra income.
For the original version including any supplementary images or video, visit Credit Counseling Agencies get Bigger; but Better?

5896119270131533540.jpg Learning to live within ones means is a valuable money management skill, said David Jones, President, AICCCA. If consumers who may be struggling could accomplish this challenge for one month, they will be well on their way to a brighter future. AICCCA offers three steps to get started with the challenge: 1.Spend less than you make. Look at your net income versus your expenses. Your necessary expenses of mortgage or rent, food for your family, utilities, medical needs and transportation costs come first. Also account for credit card and loan installment payments. Remember that some expenses, like food and gas, can vary depending on the choices you make. 2.Dont reach for a credit card. During the challenge, try not to use your credit cards at all. If you do, be sure that you can pay off the charge within 30 days. 3.Start saving something. For consumers who are unaccustomed to saving, starting small is a good first step. Even $5 or $10 a month will add up over time. Your ultimate goal should be to save 10 to 15 percent of your net income. You should also save separately for periodic expenses that are not paid monthly but you know will come up, like auto tag renewals. At the end of the month, evaluate how you did. If you had trouble meeting the challenge, you might benefit from the services of a qualified credit counseling agency. Call 866-703-8787 or visit http://www.aiccca.org to find an AICCCA member office to serve you. AICCCA: Founded in 1993, Association of Independent Consumer Credit Counseling Agencies is a national membership organization established to promote quality and professional delivery of credit counseling services. AICCCA and its members are focused on financial education, efficient processes and advanced technology to best serve clients and creditors. AICCCA members are independent nonprofit agencies that advocate for debtors, annually counsel millions of consumers nationwide and provide debt management services to consumers with excessive unsecured debt. To contact an AICCCA member agency call (866) 703-TRUSTAICCCA (866-703-8787) or visit http://www.aiccca.org. Read the full story at http://www.prweb.com/releases/2013/7/prweb10887932.htm Top News
For the original version including any supplementary images or video, visit Take the AICCCA 31-Day?Live Within Your Means? Challenge


Jefferson County Files to End Bankruptcy, Adjust Debt

China Foreign Debt Approaches $1 Trillion

5896927433676770934.jpg That debt is tied to sewer fees that havent been high enough to cover the interest and principal payments. Even some creditors being fully repaid with their normal interest rate were affected by the bankruptcy. Under the proposal, school warrant holders owed about $720 million were classified as impaired because they would see minor changes to the terms of their agreements. General obligation bondholders owed more than $100 million would give up the right to collect penalties and so-called post-petition interest triggered by the countys bankruptcy. About $95 million in general obligation bonds are considered unimpaired, which means they wouldnt see any change in their rights under the proposed plan. 18 Months The settlement ended more than 18 months of bankruptcy court battles between the county and its biggest creditors over how much the jurisdiction can afford to pay on more than $3 billion it borrowed to expand and improve the countys sewage system. By filing its so-called plan of adjustment, the county begins a process designed to end in November, when U.S. Bankruptcy Judge Thomas Bennett will hold a hearing on whether to approve the proposal. Bennett will consider the plan after creditors who arent part of the settlement have a chance to object. The county asked Bennett to hold a hearing Aug. 6 to approve disclosure materials that explain the plan to creditors who are voting on it. Should the plan win final court approval, the county will refinance its sewer-related debt, raise sewer rates and exit bankruptcy. Hedge Funds Hedge funds owed about $872 million will collect more than 80 consumer credit counseling cents on the dollar, according to the agreements. The hedge funds will also help backstop the refinancing to ensure that the county can raise all of the money it needs. The funds include Brigade Capital Management LLC, Claren Road Asset Management LLC, Fundamental Advisors LP and Monarch Capital Master Partners LP, according to court records. Insurers, including Assured Guaranty Municipal Corp., Syncora Guarantee Inc. and Financial Guaranty Insurance Co., will get $165 million. They claimed to be owed $315 million. The county will also pay as much as $25 million in any claims filed against the insurers by creditors seeking to recover losses, according to the agreements. Under the plan, the county will raise sewer rates 7.4 percent annually for four years. Those rates may go slightly higher if interest rates rise before the refinancing is completed. Warrant holders who are owed more than $500 million arent part of the deal. They will have a choice of collecting 65 cents on every dollar they are owed, or 80 cents on the dollar if they give up their right to collect money from the insurers. Political Corruption The bankruptcy is tied to a sewer refinancing tainted by political corruption. In 2009, JPMorgan agreed to a settlement with the U.S. Securities and Exchange Commission over payments its bankers allegedly made to people tied to county politicians to win business. JPMorgan, based in New York , paid the county $75 million in that settlement and has given up more than $657 million in swaps claims it held. Jefferson County supplanted Orange County, California , as the largest municipal bankruptcy. Orange County entered court protection in 1994 after losing $1.7 billion on interest-rate bets. While its petition initially listed more debt than Jefferson County, much of that liability was reduced in the early weeks of the case.
For the original version including any supplementary images or video, visit Jefferson County Files to End Bankruptcy, Adjust Debt

5883274194400914740.jpg More than enough to service its borrowing or wipe it out entirely and still have a few trillion left over for a rainy day. China is not a large overseas borrower, but is seen increasing its use of foreign capital markets in the years ahead as the economy matures. By comparison, the U.S. total debt obligations are over $17 trillion. It is unclear exactly what are Chinas overall debt obligations. Investors have bee mildly concerned over Chinas debt levels, from federal to municipal to corporate debt. This year, for the first time ever, a Chinese solar company defaulted on a $531 million debt. Suntech Power is now in bankruptcy protection. Over the last week, China investors got another scare with the Peoples Bank of China Bank of China , their central bank, said it would not be helping out small to mid-sized lenders who took on too much credit risk. The market panicked. Stocks fell. And then the Bank said that it would indeed help with liquidity where needed, and has even offered banks some cash protection over the last forty eight hours, according to published reports quoting Central Banker Zhou Xiaochuan. On Saturday, the Chinese Banking Regulatory Commission smoothed over the liquidity crunch concerns when it added its voice to the chorus and said that there was adequate reserves set aside at banks to cover problems with non-performing loans. Commission chairman Shang Fulin said the recent liquidity crisis which sent money market rates soaring to 11% in a country used to rates around 3% would not affect the stable operation of Chinese banks. He acknowledged that some banks needed to improve their liquidity and risk management and promised to strengthen regulation for wealth management products and commercial banks. He urged banks to improve transparency of the wealth management products being offered, which suggests an ongoing concern in the capital city with municipal level shadow banking and investment that invests pension fund money into government pet projects and assets that have zero return. All is clearly not well in China banking. But many close China watchers at banks like Barclays Barclays Capital believe the country can weather this. They have faith in China regulators and Beijing leaders to keep financial problems under control. Huang Yiping, chief economist for Barclays in China, described the economic policy framework of Premier Li Keqiang as no stimulus, de-leveragingand structural reform. These are key components of what Huang calls Li-Economics. We think Li- Economics is exactly what China needs to put its economy on a sustainable path, which we estimate is around 6 to 8 percent annual growth for the next 10 years, Huang said during the Global Think Tank Summit in Beijing this week. China has resisted calls for more stimulus. The markets have been betting on it and never got it.
For the original version including any supplementary images or video, visit #anchor


WikiLeaks claims victory as credit card donations flow again

My credit card obsession

5896500933191544888.jpg Credit: Reuters/Bobby Yip By Mia Shanley STOCKHOLM | Wed Jul 3, 2013 3:09pm EDT STOCKHOLM (Reuters) - International credit card donations to WikiLeaks are flowing again after an Icelandic court ruling forced MasterCard's and Visa's local agent to process payments, the anti-secrecy organization said on Wednesday. One of WikiLeaks' most important sources of funding - donations made from Visa and MasterCard users around the globe - was cut off in 2010 when the firms stopped processing donations to WikiLeaks' only direct credit card payment line, located in Iceland. Their move came after criticism by the United States of the anti-secrecy organization's release of thousands of sensitive U.S. diplomatic cables, which embarrassed Washington. The online payment service PayPal, also among the firms that suspended WikiLeaks accounts used to collect donations, said at the time it had acted at the behest of the U.S. government, which deemed WikiLeaks' activities illegal in the United States. "This is in my mind a big victory in the ongoing battle against the financial companies that have attacked us," WikiLeaks spokesman Kristinn Hrafnsson said by telephone from New York. He declined to say how many new donations had arrived. The companies handling payments also confirmed that credit card lines had been opened. Hrafnsson added that WikiLeaks' PayPal account remained frozen. DataCell, the Icelandic data hosting provider that deals with WikiLeaks' payments, announced only this week that donation lines were open after uncertainty, following the Icelandic Supreme Court's decision in April, that credit card firms had complied. "We have had donations from around the world," DataCell's chief executive Andreas Fink told Reuters. Fink said DataCell had been processing about 70,000 euros a day in donations for WikiLeaks just before the blockade. Iceland has been a key location for WikiLeaks due to its record of protecting Internet freedom. WikiLeaks said its donations had plummeted 95 percent after it was cut off by the world's two largest credit and debit processors, even though it found some workarounds through third parties. DataCell won a Supreme Court ruling against Visa's and MasterCard's local partner, Valitor, in April. "We can continue to process donations for WikiLeaks for as long as we like," said Fink. "There has never been anything illegal. We have done normal business with a normal entity." WikiLeaks said it had confirmation that MasterCard had decided to reverse its decision to block direct donations to WikiLeaks in Iceland. Visa Europe told Reuters earlier on Wednesday that Valitor would also comply with the court order. The donations are used to pay for WikiLeaks' servers, salaries and other operational costs. Hrafnsson said on Wednesday that he did not foresee any WikiLeaks funds reaching former U.S. National Security Agency contractor Edward Snowden, holed up in a Moscow international airport, whom WikiLeaks is helping to try to obtain asylum. A former director at DataCell said recently he would send a private plane for Snowden, wanted by Washington for espionage after divulging classified details of U.S.
For the original version including any supplementary images or video, visit WikiLeaks claims victory as credit card donations flow again

5883274184928921858.jpg I graduated college, work full-time as a financial analyst, and have 13 different credit cards (12 for personal use and one for business). Last year, I was able to buy an eight-day adventure vacation in Costa Rica with just my credit card rewards alone. At every possible point, I pay with a credit card to earn rewards. I still carry no balance, have never missed a payment thanks to auto-payment, and routinely accumulate 5 percent or more back on every purchase through cash or points. And while carrying multiple cards can be bad for your credit score, mine is 796 and climbing. Outside of work, I enjoy trail running, hitting the gym, movies, cooking, reading books, playing piano and discovering new gadgets. But as a Type A personality, I also now consider it a hobby to maximize potential credit card rewards. We spend money every day. Why not benefit from it? I've learned that credit cards are not evil. In fact, when used correctly, they give the user free money. Getting to this point wasn't easy. Through careful monitoring of all major banks and credit card companies, I've hunted down the best possible card for each type of purchase in order to maximize my "free money" return ratio. What I look for in a card For home insurance payments, I use my Chase Sapphire card, and for my utility bills, I use BankAmericard Cash Rewards neither has an annual fee. For groceries, I use my American Express Blue Cash Preferred. Although it carries a $75 annual fee, it offers unrivaled rewards of 6 percent cash back on groceries, so the perks I gain far outweigh the annual cost, thus justifying its place in my wallet. I've sought to strategically fill gaps in my rewards coverage. My end goal is total maximization of potential rewards on every purchase. But not every card is going to provide that coverage universally, so, I reasoned, why not have multiple cards?
For the original version including any supplementary images or video, visit My credit card obsession

How to Dispute a Credit Card Charge

5896500936450481542.png Some branches of two of China's biggest lenders Bank of China and Industrial and Commercial Bank of China have temporarily suspended lending to businesses and individuals, the business magazine Caixin reported, citing sources at the banks. The credit clampdown hits amid uncertainty about whether China's lackluster recovery from its deepest downturn since the 2008 global crisis is stalling. Economic growth decelerated to 7.7 percent in the first quarter from 7.9 percent the previous quarter. May retail sales fell short of forecasts and export growth slowed. An HSBC Corp. survey of manufacturers showed June activity fell to a nine-month low and was contracting. Tighter credit controls could cause growth to dip below 7 percent in coming quarters, according to Nomura economist Zhiwei Zhang. That would be China's weakest performance since the early 1990s. Harder times for Chinese entrepreneurs could have global repercussions. China's slowdown already is depressing demand for iron ore, copper and other commodities, crimping the flood of money that drove a boom for Australia, Brazil and other suppliers. Demand for industrial components from Southeast Asia and factory equipment from the United States and Europe could be hurt if credit-starved manufacturers put off purchases. The crackdown is part of a broader effort by communist leaders to shift China to slower, more sustainable growth based on domestic consumption after a decade of explosive expansion driven by exports, investment and cheap credit. The ruling party's growth target this year is 7.5 percent, down by almost half from 2007's staggering 14.2 percent. "The episode is arguably the strongest sign yet that the leadership is willing to suffer short-term economic pain if necessary to achieve more sustainable growth," said Capital Economics analyst Mark Williams in a report. A key goal appears to be to force banks to reduce their role in channeling money into unregulated, profitable and risky underground lending that is a pillar of support for entrepreneurs who cannot get formal loans from state banks. Money for informal lending came at first from individuals who wanted a better return on their savings but much of it now comes from state banks. They hid the lending from regulators, who worry they have taken on undisclosed risks in the event of defaults. Even before the credit squeeze, underground borrowers paid interest of up to 70 percent a year more than 10 times the benchmark rate for formal loans.
For the original version including any supplementary images or video, visit China's entrepreneurs brace for credit crunch

China's entrepreneurs brace for credit crunch

5896152620688183146.jpg Most of us have. Fortunately, the 1975 Fair Credit Billing Act (FCBA) protects your rights during such credit card billing disputes. debt solutions It also outlines the process you should follow to contest charges made to your account. The Federal Trade Commission is charged with resolving consumer problems using the FCBA and other regulatory tools. Here's how credit card dispute resolution works: What qualifies. First of all, FCBA protection applies only to "open end" credit account transactions -- those involving credit cards or revolving charges (e.g., department store accounts). It doesn't cover installment contracts you repay on a fixed schedule, such as car loans. Billing errors that are covered by the FCBA include: Fraudulent or unauthorized use of your credit card, whether the card was stolen or the merchant charged unapproved items to your account. Charges that list the wrong date or amount. Charges for goods or services you either did not accept or that weren't delivered as agreed. Math errors, such as being charged twice for a transaction. Failure to post payments or other credits (like returns). (Note: Report suspected fraud immediately. By law, you're only liable for the first $50 in unauthorized charges; however, most card issuers waive that liability if you report the charges quickly.) Ticking clock. It's important to review all billing statements carefully upon receipt because in order to be covered under FCBA rules most disputed transactions must be reported within 60 days of the statement date on which the error appeared. First, contact the merchant and try to resolve the billing dispute directly with them. Generally, merchants will want to retain your business and avoid the time and expense incurred when a credit card issuer becomes involved in the dispute. However, if this good-faith resolution attempt doesn't work, you can escalate the process by filing a written report with your credit card issuer within the 60-day window. The issuer is then obligated to investigate the dispute on your behalf.
For the original version including any supplementary images or video, visit How to Dispute a Credit Card Charge