Chancellor Klein sets huddle on budget cuts with school principals
New York Daily News - We’re asking them to consider what services they value the most,” stated Kathleen Grimm , deputy chancellor for finance. Most of Klein’s major reforms - from a new school-funding formula that redistributes resources, to a major initiative giving

Clark’s guilty plea may toughen campaign finance rules
Anchorage Daily News - JUNEAU — Jim Clark’s admission of campaign reporting violations could lead lawmakers to strengthen the powers of say regulators. Clark, the former chief of staff to Gov. Frank Murkowski, in 2003 worked to have lawmakers reduce the statute of

Don’t Get Scammed at the Vehicle Dealership
ABC News - The only thing drivers despise more than rising fuel costs? Shrewd automobile dealers. They are among the country’s least-trusted business providers. The 2007 Better Business Bureau/Gallup Trust in Business Index reported that only 16% of survey respondents

Sri Lanka’s Sinhaputhra Finance’s long-term ratings cut to ‘BB-(lka
CNBC - BANGALORE (Thomson Financial) - Fitch Ratings said it has downgraded its national long-term ratings of Sri Lankan finance company Sinhaputhra Finance Ltd (SFL) to ‘BB-(lka)’ from ‘BB(lka)’. The outlook is negative. The agency said the downgrade

Nothing can stop Indian projects: Aditya Mittal
Daily News and Analysis - In a nostalgic mood, Aditya recounted the ‘hostile and cold reception’ that he got from a Prime Minister and a Finance Minister of some European countries.

Kenya’s Kibaki urges MPs to back peace deal
MSN UK News - Odinga’s side wants so-called “power ministries” like finance and internal security, which Kibaki’s allies are unlikely to concede. Both men are under pressure from their backers not to give away too much.

Kibaki urges parliament to back peace deal
International Herald Tribune - Odinga’s side wants so-called “power ministries” like finance and internal security, which Kibaki’s allies are unlikely to concede. Both men are under pressure from their backers not to give away too much.

Credit Swaps Thwart Fed’s Ease as Debt Costs Surge (Update2)
Bloomberg - The banks that have been using correlation to calculate their risk will have to go back to scratch,” stated Janet Tavakoli , president of Chicago-based Tavakoli Structured Finance. “By using correlation models as the main means of risk management, the

Carrefour strengthens focus on real estate management after 1.3
CNBC - Carrefour also said it anticipates to generate ??1.5 billion (US$2.28 billion) in free cash flow which will be used to finance acquisitions. Operating profit rose 3.4 percent to ??3.29 billion (US$5 billion) from ??3.18 billion a year ago, with fast

Transport finance sector eagerly awaits US election results
Janes - All eyes are on the upcoming US presidential election, which will profoundly affect financial markets in the near term. Longer term, trade flows will be affected, which will influence the fortunes of transportation-related business and institutions

RBI: budget in line with growth, price goals
Reuters India - Earlier, Finance Minister Palaniappan Chidambaram, who attended the central bank meeting, said the loan waiver would strengthen the banking sector and banks would be compensated in a way that would not constrain them.

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