| Join Credit Union? It's Worth A Look
Consumers have a plethora of borrowing and saving options, including traditional banks, online-only banks, credit unions and investment brokerages.
And although Internet-only banks can offer the most competitive rates for saving and borrowing, credit unions offer a mix of favorable rates and personal service. They're often a good alternative to traditional banks, which still dominate the market.
Credit unions are affiliated groups of people who pool their money and lend it to each other. They don't have divided loyalties - trying to serve a customer at the same time as boosting profits and the stock price for shareholders.
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Water merger agreement between Valdese and Triple Community Water Corporation
The Water Corporation purchases water in bulk from the Town and redistributes the water to its customers located in its service area. The Water Corporation intends to consolidate its Water Distribution System into the Town Water System. This Agreement establishes the terms and conditions of the consolidation and extends certain rights to the Members and customers of the Water Corporation. BASED UPON THE FOREGOING PREMISES AND UPON THE FURTHER TERMS AND CONDITIONS SET OUT HEREIN, THE TOWN AND THE WATER CORPORATION AGREE AS FOLLOWS: 1. DEFINITIONS. The following words or terms when used in this Agreement shall have the meaning ascribed to them: Board - The Board of Directors of the Water Corporation. Changeover Date - The date agreed upon by the Town and the Board as the date on which the Existing Triple Community Water Customers will begin receiving Water Service from the Town.
(AFX UK Focus) 2007-08-14 06:29 GMT: Malaysian shares end morning lower amid prevailing caution - UPDATE
KUALA LUMPUR (Thomson Financial) - Malaysian shares ended the morning lower in quiet trade Tuesday as investors stay sidelined despite signs the recent subprime turmoil may be stabilising after the Japanese central bank drained the 1.6 trillion yen it pumped into money markets following the easing of the country's overnight call rate. Investors are reluctant to commit to fresh positions, mindful on the steep losses last week and the possibility of further falls on Wall Street tonight. The Kuala Lumpur Composite Index (KLCI) was down 6.24 points or 0.5 percent at 1,290.24, off an intraday low of 1,288.48. The FTSE Bursa Malaysia 30-large cap index gained 5.68 points or 0.1 percent to 8,140.22 and the second board index dropped 0.20 points or 0.2 percent to 106.89. Losers led gainers 420 to 274, with 251 stocks unchanged and 399 counters untraded.
India at 60: Galloping and On the Go
Palagummi Sainath, author of the award-winning book Everybody Loves a Good Drought has an interesting story to relate. He says that during the one-week period of the fashion parade, while the entire nation was enthralled watching models walking down the ramp at a fashion show, over 400 farmers had committed suicide in Vidharbha.
While over 500 reporters covered the fashion event with television and print media vying for coverage, the farmers' deaths went totally unreported, according to Sainath, one of the recipients of this year's Ramon Magsaysay Award, the Asian version of the Nobel Prize, in the category of journalism, literature and creative communication.
Nearly 6,000 farmers have committed suicide in Karnataka since 2001.
With 3.3% of the total households in the country earning rupees one million and above per year, Bangalore ranks No.
Around the region
The Federal Home Loan Banks of Dallas and Chicago said Wednesday they are considering merging their operations. The banks are cooperatives owned by member financial institutions in their areas. They are part of a national system of 12 banks that make low-cost loans to local lenders, allowing them to make loans for housing and community development. The Federal Home Loan Bank of Dallas has assets of $53.3 billion and more than 900 member institutions in Texas, Arkansas, Louisiana, Mississippi and New Mexico. The Chicago bank includes more than 850 institutions in Illinois and Wisconsin. It has assets of $87 billion. SHIPPING Berkshire Hathaway raises stake in railroadBillionaire investor Warren Buffett's Berkshire Hathaway boosted its stake in Burlington Northern Santa Fe Corp., the second-largest U.S.
Stora Enso has acquired Polish State's shares in Stora Enso Poland
Stora Enso Oyj News Release August 14, 2007 at 09.00 GMT HELSINKI, Finland - Stora Enso (NYSE:SEO - News) today announced that Stora Enso has today acquired 28% of the shares in Stora Enso Poland (formerly Intercell S.A.) from the State of Poland at a price of EUR 64 million. Following this acquisition, Stora Enso holds 95% of the shares in the company. The remaining shares, owned by the Polish State, will be distributed to current and retired employees of Stora Enso Poland. Stora Enso intends to purchase these remaining shares as soon as feasible. The total purchase cost of the initial 66% shareholding acquired in 2004 and today's acquisition is EUR 194 million. The enterprise value of the acquisition on a cash- and debt-free basis for the whole of Stora Enso Poland is approximately EUR 149 million.
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