Low Interest Loans

SBA Approves More Than $1.3 Million in Disaster Loans in Massachusetts; Urges Return of Applications Before Deadline

SBA Approves More Than $1.3 Million in Disaster Loans in Massachusetts; Urges Return of Applications Before Deadline
ATLANTA–(BUSINESS WIRE)–The U.S. Small Business Administration has approved more than $1.3 million in Disaster Assistance Loans for residents and business owners in the Commonwealth of Massachusetts affected by the severe storms and tornadoes that occurred on June 1, 2011. “Currently, 27 home and business disaster loans have been approved in the amount of $1,352,100.00 for affected survivors …

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America on the precipice

America on the precipice
Wars in the Middle East, tax cuts for the wealthy and unfunded social welfare programs have the US on the brink of defaulting on its $14.3 trillion debt. And its leaders are at loggerheads on how to respond.

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Marc Weisbrot: Why The Euro Is Not Worth Saving

Marc Weisbrot: Why The Euro Is Not Worth Saving
The Euro crashed yesterday to record lows against the Swiss Franc, and interest rates on Italian and Spanish bonds have hit record highs. This latest episode in the Eurozone crisis is a result of fears that the contagion is now hitting Italy.

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Debt crisis spreads to shake Europe’s core

Debt crisis spreads to shake Europe’s core
The debt crisis has shaken Europe’s core as market fears grow over the stability of Spain and Italy, forcing a rethink of the currency union’s strategy to restore trust in its future.

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EU Officials Flail About for Solution to Debt Crisis, Revive Buyback Plan

EU Officials Flail About for Solution to Debt Crisis, Revive Buyback Plan
As exploding bond yields in Italy and Spain brought the crisis closer to the heart of the euro area, Europe’s search for answers took it back to a proposal scuttled by Germany this year to buy back discounted debt.

Read more on Bloomberg