I am a single mom of 2 girls, one of whom has TSC, a disease that causes epilepsy and lots of other problems. My income every month is welfare and SSI, totaling $1,300.00- a month, which after I pay my rent, pay my basic cable and phone bills, and utilities, I have about ten dollars left. TEN DOLLARS!!! LOL! That gives me gas in my car for 2-3 days. That means NEVER being able to fix my old car, never buying my kids a new pair of shoes(or socks). That means NADA. ZIP. ZILCH. So, does ANYBODY have any suggestions???
Posts Tagged ‘Govt’
What is the best way to get gov’t grants if you are a single mom with a severly handicapped child?
03
Aug
Since Goldman Sachs makes much money on hedge fund type investments in your opinion should they have U.S. govt?
19
Apr
backing in the form of bailouts and cheap fed loans to gamble with?
Unprecedented Aid
Goldman Sachs, which set a Wall Street profit record of $11.6 billion in 2007 and may have earned $11.4 billion this year, according to the average estimate of 15 analysts surveyed by Bloomberg, won new and larger concessions from taxpayers in 2008. This time it was the threat of a financial meltdown that prompted the U.S. government, with Paulson as Treasury secretary, and the Federal Reserve to supply an unprecedented amount of aid to firms deemed critical to the financial system, including Goldman Sachs.
The 140-year-old company received $10 billion in capital, guarantees on about $30 billion of debt and the ability to borrow cheaply from the Fed. The Fed’s bailout of American International Group Inc., and its decision to pay the insurer’s counterparties in full, funneled an additional $12.9 billion to Goldman Sachs.
“What was done was appropriate because the potential costs of not doing that were probably exceedingly high,” says Gary Stern, who stepped down in August as president of the Federal Reserve Bank of Minneapolis. “It certainly looked very threatening.”
http://www.bloomberg.com/apps/news?pid=20601109&sid=aaLwI2SKYQJg
Govt Pushes For Localisation In Defence
15
Dec
The defence ministry has rejected the recommendation of a parliamentary standing committee on raising FDI limit to 49%
Us Govt And Media Should Practice Democracy In America And Stop Tehran Iran Grandstand
02
Dec
US Govt and Media Should Practice Democracy in America and Stop Tehran Iran Grandstand
Media CNN Fox CBS MSNBC Own Blame For Hobbling American Presidency and Economy
American Families Suffer from M…
Govt Meet To Mull Fdi Hike In Aviation
26
Nov
Airline stocks will be in focus today as the long pending proposal of hiking foreign direct investment (FDI) in aviation will come up for discussion by the Committee of Secretaries.
Govt May Ease Fdi Limit In Aviation
21
Nov
Civil aviation ministry is keen to lift the bar on foreign investment in domestic airlines
How Much Of The Aig Govt Investment Is Going To Pay Off Foriegn Debts?
14
Nov
AIG is a multi-national company – how much of our tax money is being used to pay off debts to foreign entities?
Foreign Investors Line Up With Big Money as Govt Clears Air Over Fiis in Realty
15
Oct
Foreign investors are once again queuing up to pour money into India’s red hot property market, with the government relaxing some of the norms. At least half-a-dozen deals worth $1billion are being finalised by Citigroup, Deutsche Bank, The Carlyle Group and Blackstone, among others, with unlisted real estate companies, as pre-initial public offering (IPO) placement.
A clarification issued by the department of industrial policy & promotion (DIPP), under the ministry of commerce and industry, has cleared the air for investments by foreign institutional investors (FIIs), foreign venture capital funds (VCFs) and private equity players.
FII investments in companies pre-IPO will be treated as foreign direct investment (FDI), as per the clarification, and the investment will have to be channelled for FDI-compliant greenfield projects only.
This has settled the differences arising from views aired by the finance and commerce ministries, and financial sector regulators. Now foreign investors will have to wait three years before exiting the company completely. DIPP has clarified that the investor will have to lock in a minimum of $5 million, in case of a joint venture with an Indian real estate player, or $10 million, in case of a wholly-owned subsidiary of a foreign investor.
The existing rules for foreign investors regarding the lock-in period is applicable for real estate sector as well. Hence, investments by FIIs, foreign VCFs and PE investors will have a minimum lock-in period of one year, if the investment occurred during the preceding 12 months before the IPO date.
This has paved way for a large number of foreign investments at the entity level. This is a complete departure from the past, when equity investments used to be all project-specific. Industry officials said leading property players are sewing up equity deals at the entity level, with greater clarity in foreign investments in the sector.
A majority of real estate companies planning an IPO are currently in talks with foreign investors. The leading players planning an IPO are Hiranandanis, Lodha Developers, Runwal group, Kolte Patil Developers and Paranjpe Schemes (Construction). “There used to be some kind of confusion in the market as far as FIIs’ pre-IPO investments in real estate companies are concerned.
With the clarification issued by the government, foreign VCFs and PE funds can now invest in the real estate firms with a lock-in period of minimum one year. It will definitely boost investments in the sector,” said Akhil Hirani, managing partner of Majmudar & Co.
According to investment bankers, the change in rules would pre-empt any further speculation in the real estate market, and that FIIs would not be allowed to cash in immediately in the IPO.
Earlier, DIPP and the stock market regulator Sebi were not in favour of a lock-in period and had instead suggested pre-IPO placements by FIIs be considered as portfolio investments. However, the recommendation was not accepted by the finance ministry, which, in turn, asked Sebi to put in place the lock-in on FII investments in real estate.
Leading real estate players, eager to cash in on investors’ appetite for realty stocks, were seeking FDI status for their pre-offer placement since many of their existing projects were not meeting the tough FDI norms. For instance, a project needs to be at least 25 acres to be notified FDI-compliant.
For more information on Real Estate Agents, MLS visit Propertiesmls.com
Source: IndiaRealEstateblog