South Africa Says S&P Credit Rating Reflects Confidence (Bloomberg)
June 17th, 2009More info…
June 17 (Bloomberg) — South Africas National Treasury said today it welcomed a decision by Standard & Poors to affirm the countrys credit rating, adding that it reflected confidence in the governments economic policies and credit position.
Obama to propose changes in regulating credit cards, mortgages (McClatchy Newspapers via Yahoo! News)
WASHINGTON President Barack Obama will propose Wednesday creating a new body to regulate financial products such as mortgages and credit cards, with an eye toward protecting consumers and ordinary investors. It’s a radical shift in approach and a tacit acknowledgment of federal failure.
The Best First Credit Card (The Motley Fool via Yahoo! News)
We could argue all day about whether or not kids need credit cards. The concept of need is pretty subjective, especially when it comes to kids — one day they’ll claim to “need” a new iPod, and the next it’s trendy kicks or the latest game system. But many parents and their progeny are already sold on the benefits of plastic (especially for emergencies), making them ripe pickings for bad-guy …
