5 Tips to Managing Your Finances and Avoiding Debt
Debt. It’s something that has some sort of bearing on most people’s lives. In this day and age, it’s certainly not unusual to be in debt. For many, debt has very little impact on their lives as they are able to control and manage their debt and keep repayments at affordable levels. For others however, debt can cause stress, anxiety and unhappiness. It’s one of those things that if you don’t keep on top of it can spiral out of control. It is oft Read more…
Co-op reveals profits rise but has concerns for the future
The Co-operative Group has today issued half year results which show a 17% rise in profits from £221 million over the corresponding period last year up to £260 million this year. There was a 12.6% increase in profits from its supermarket division even though there were distribution issues with regards to the integration of the Somerfield acquisition. However, it is the company’s comments about the immediate future of the UK economy which have caught the eye.
The company itself has expanded not only the supermarket division but also its financial services operation which has given the Co-operative Group a larger base in the UK. How
How to Spin a Failing Program As a Success: The Treasury and HAMP
Perhaps with an eye on the midterm elections, the Treasury Department is spinning hard to change public perceptions that the Obama administration’s main anti-foreclosure initiative, HAMP, is a dud. Although only a handful of homeowners have managed to get mortgage relief under the program, it is a success because it helped stabilize the banking system, agency officials recently told Steve Randy Waldman and other financial bloggers:
On HAMP, officials were surprisingly candid. T
A landlord is required to pay for damages that fall below the deductible of required insurance.
June 3, 2010,
The Claimant was the owner of an apartment building and leased the apartments to individual lessees pursuant to 99 year leases. A water leak from the Defendant’s apartment caused damage to several apartments. At issue was whether the Defendant was liable to pay the cost of repairs, as this amount was less than the deductible under the insurance which the Claimant was required to obtain pursuant to the terms of the lease and which otherwise would have covered the loss had the cost of repair exceeded the deductible.
Under the terms of the lease, the Defendant was obligated to repair and maintain her suite, except with respect to damage insured against by the Claimant. The Claimant was required to keep the building insured against loss or damage caused by certain risks and, in compliance with that obligation, had purchased an “all risk” policy, which included the risk of flood. The Claimant argued that since the cost of repairs could not be recovered under the insurance policy, the loss was not an insured loss and therefore, the Defendant was liable for the cost of repairs.
The Court relied on Lincoln Canada Services LP v. First Gulf
Small plane crashes off Bahamas, 6 rescued
Bahamas Plane Crash
NASSAU, Bahamas – Rescuers in boats saved six people, including two children and a pregnant woman, who were found clinging to the wreckage of a small plane that crash landed Monday in waters off the Bahamas.
The twin-engine Piper Aztec went down about 3 miles (5 kilometers) from Grand Bahama Island after one of its engines failed, said Jamie Rose of the Bahamas Air Sea Rescue Association.
The passengers were holding on to the floating tail section of the plane when Rose arrived in response to their distress call.
“They were still pretty shell shocked,” Rose said. “