Tuesday, March 15, 2016

Coming soon to North Carolina towns near you

Mineworkers’ protests shake leaders


Maybe when they close the tobacco plant
to increase 'operating efficiency'

It's just a question of when

China Ocean Freight Indices Plunge to Record Lows


China Drafts Rules for Tobin Tax on Currency Transactions


Fears rise over US car-loan delinquencies

Delinquencies on poor-quality US car loans have climbed to their highest level in almost two decades...

The rate of “subprime” motor loans overdue by more than 60 days rose to 5.16 per cent in February. This surpassed the post-financial crisis peak and was the highest since the 5.96 per cent reading in October 1996...

Subprime car loans have long been a concern for analysts, some of whom feared that rapid issuance since the crisis and weakening lending standards would cause problems in the market for securitised motor loans. There, banks repackage loans into asset-backed securities and sell them on to investors, much like they did with subprime mortgages in the 2000s...