The business environment and households are hit by surging borrowing costs as interest rates rose quickly during the last year, eroding the profits of companies and the purchasing power of indebted persons. Fresh central bank data suggest that the age of cheap credit is gone. In the case of households, the average interest rate for new loans in local currency rose from 7.84 percent per annum in February 2018 up to 8.60 percent in February 2019 – meaning that an average loan became 9.7 percent more expensive. But the situation is even worse for businesses that are forced to borrow money at much higher costs. The average interest rate for new loans in local currency granted to companies in Romania increased up to 6.18 percent in February 2019, from 5.02 percent in February 2018 – an increase by 23 percent. This trend has already harsh consequences for the business environment, analysts say. “New lending has been driven in 2018 by mortgages and corporate loans in RON, … [Read more...] about BR Analysis. Hard times for Romanian borrowers in 2019: loans becoming much more expensive eroding profits and purchasing power
Hard money real estate loans
Erin Richards USA TODAY Published 6:58 AM EDT Apr 5, 2019 HONOLULU — Kevin Starks is living a classic Hawaii story. The California native became an educator through Teach for America in Oklahoma, then shipped off to the Aloha State. He now teaches eighth grade science and spends the rest of his time surfing, playing volleyball and enjoying the natural splendor of the islands. There’s just one problem: Teaching in paradise has become too expensive. “I’m 31 years old, living with two roommates in a dump place,” Starks said. “I have almost no savings. I want to stay and get a home, but it’s looking more and more like that’s not possible.” Hawaii has always been one of America’s most expensive places to work and live — and visit, for that matter. But for the state’s public school teachers, many of whom came from the mainland with visions of working amid year-round … [Read more...] about Hawaii jobs: Teachers are leaving. They can’t afford real estate, apts
"I know it sounds like a cliche," says Marissa, laughing at herself, "but I would not go out the door without a tan. Not just since I have the business. Ever. I was about 16 when I started. I was one of the early adopters of St Tropez in Ireland. I would save up my pocket money for the big bottle. Oh, I knew tan from an early age. "I go a little lighter on my face," she explains, "but I'm the Ultra-Dark shade all over. And I'm a Sunday-night tanner. Some people are a Thursday-night tanner, so they are fresh for the weekend, but I feel like my working week is when I need to look right. I need my tan Monday to Friday, and at the weekend, I'm off. At the weekend, I'm as make-up-free as I can be, unless I have something to go to. Weekends are flat shoes, hair up in a bun, no bra - if I can get away with it. I'm as off as I can possibly be. "So I spend the weekend scrubbing it off, and then, on Sunday, my tan goes on again," says Marissa. "I'd have a [salon] spray-tan for an event, but I … [Read more...] about Going for gold: Tan queen Marissa Carter doesn’t care if you think she has a hard neck
As Trump took to the golf course, Rudy Giuliani, his lawyer, compared the wait to "having a baby" or preparing for a jury to return. He added: "If the report is good, I'll hand out cigars." Last Friday, after 675 days, Mueller finished his exhaustive investigation into whether there was collusion between Trump's 2016 presidential campaign and Russia. He delivered his report, in hard copy form, to Bill Barr, the attorney general, late on Friday, waiting until after the stock market had closed to avoid having an impact on it. Barr said he would try to pass on the "principal conclusions" to Congress, and the public, this weekend. That was expected to include basic information on whether collusion was found, and if Trump had obstructed justice. While he waited, Trump remained uncharacteristically silent on Twitter. During a short speech at a weekend fundraising event at Mar-a-Lago, his Florida retreat, he also did not mention the report. Trump has not been given an advance copy. The only … [Read more...] about Mueller Unlikely to trouble White House
ROBERT MUELLER toiled over his report for two years, slightly longer than it took Herman Melville to write Moby Dick. Mr Mueller’s epic may be the most eagerly anticipated work in American literature, but though he passed it to the attorney-general, William Barr, on Friday March 22nd, it is unclear when or in what form it will be published. Both the president and the House of Representatives have called for the full version to be made public, but the attorney-general must weigh whether to redact parts that infringe the privacy of people it mentions or that reveal intelligence. News coverage: Robert Mueller’s report is complete Get our daily newsletter Upgrade your inbox and get our Daily Dispatch and Editor's Picks. It is not yet clear whether Mr Mueller’s report contains devastating new evidence against the president, whether it adds nothing to the record, or something in-between. Yet the hundreds of pages of indictments that have already been made public … [Read more...] about Robert Mueller has submitted his report. What now?