FINANCE GOVERNMENT NEWS & INFORMATION
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Friday, November 21, 2008
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LATEST FINANCE GOVERNMENT NEWS:
Chile Government Workers End Strike, Accept 10% Salary Increase
SANTIAGO -(Dow Jones)- Some 450,000 Chilean government workers ended a four- day strike Thursday night after accepting the government's sweetened offer of a 10% salary increase, the Finance Ministry said Friday. NJ gov to address municipal officials on finance With no shortage of bad economic news to go around, government finance is expected to be the major theme of an address to municipal officials by New Jersey Gov. Jon Corzine. How the Finance Bill will impact you Finance Minister Brian Lenihan has outlined details of Finance Bill 2009, confirming some measures announced in the Government's Budget in October and highlighting some changes to the original proposals. Charities plead for steady government funding Canada's charities, facing falling donations and rising demand from the poor due to the economic crisis, are asking cash-strapped Ottawa to look elsewhere for ways to balance the government budget. Netherlands: ABN-Fortis won't be sold before 2011 The Dutch government named former finance minister Gerrit Zalm as chief executive of the recently nationalized ABN Amro and Fortis banks on Friday, and said the combination will not be privatized before 2011. 'Government just doesn't get it' Bloxham economist Alan McQuaid says today's Finance Bill does little to boost confidence that the Government knows what it is doing or has the 'economic ingenuity' to dig the country out of the current recession. GM Solution: Chapter 11 With Government Restructuring Finance A GM bailout would delay restructuring and ultimately destroy jobs. Restructuring under Chapter 11 is the best solution, but credit market conditions require the U.S. government to provide transitional, “Debtor in Possession” financing. To avoid political interference, the actual lending decisions should be made by a commercial bank with a stake in the outcome. |







