British Airways credit card charge 46% interest
Have you checked your credit card insert lately? With the treasury notes interest rates hanging around 0% (or less), credit card companies are hiking their borrowing rates for their customers. American Express, has just raised their borrowing rates for their premium Plus cards to staggering 46%.
Some groups called this Amex move “ridiculous” according to Daily Mail [...]
January 9th, 2009 by Boggy
Scandal at outsourcing Satyam could be India’s Enron
Millions of investors (including Enron employees with their 401k accounts) in United States were wiped out by the 2001 scandal of Enron. Well, today India has experienced a similar event. According to Reuters story , the Indian outsourcing giant was allegedly a creation of public perception based on Satyam top management’s lies.
Indian’s market was sent to a tail [...]
January 7th, 2009 by Boggy