Posts Tagged ‘rise’

Thousands of Britons could be looking for debt solutions if the Bank of England’s base rate is increased, according to the insolvency and bankruptcy trade body. R3 conducted a survey amongst small businesses and discovered that the higher the interest rate became, the more firms would become bankrupt, causing the unemployment figures to soar. If the interest rate is increased to 3.5 per cent, as the Organisation for Economic Cooperation and Development (OECD) recommend, it could lead to around a fifth (19 per cent) of small firms going bust. In a double blow to those who would lose their jobs, the increasing interest rates will mean they have higher repayments on personal loans and credit cards as well. This will heighten the need for them to seek debt management solutions to get themselves out of a debt spiral. Atlantic Financial Management’s director, Kevin Still, says: “Increased interest rates would certainly impact millions of homeowners who are barely coping to manage their personal debts. The new coalition government would not want new categories of ‘Middle Class’ and ‘Self Employed’ debtors becoming a burden on the state, which could be a distinct possibility. Many may need to look at managed debt solutions, like a Debt Management Plan (DMP) or an IVA.”

PROTECTING YOUR LIVELIHOOD: ID theft on the rise in the city
ROANOKE RAPIDS — Keep your eyes on your wallet when you’re in the store, shred your mail and if your wallet gets stolen, cancel your credit cards immediately.

Read more on Roanoke Rapids Daily Herald

Retail Sales Post July Gain, Consumer Prices Rise
A busy month for car dealerships lifted retail sales for the first time in three months while more expensive food and gas boosted consumer prices by the most in nearly a year. Retail sales rose 0.4 percent last month, buoyed by auto and gasoline station purchases. Most retailers reported declines for the month. Excluding autos, sales climbed 0.2 percent, the Commerce Department said Friday …

Read more on NBC 17 Raleigh

Global It Security Spending Estimated To Rise To Us$ 60 Billion, As Cybercrime Continues To Grow
As the online threat landscape continues to evolve and grow, global spending on IT security is estimated to rise to US$ 60 billion, according to market research company, RNCOS. The study also shows that IT security in the Middle East is projected to grow by 12% over the next three years, as governments and financial institutions adopt advanced security solutions.

Read more on Zawya

Law School Applications on the Rise
Law school applications increased by 7 percent and the number of applicants by 3 percent nationwide for this year’s incoming class compared to last year, according to the Law School Admissions Council. Despite the current grim job statistics, budding law students seem cautiously optimistic.

Read more on Law.com

U.S. Stocks Rise as Euro Rebounds, Easing Debt Crisis Concerns
U.S. stocks rose, halting a two-day slump, as a rebound in the euro from a more than four-year low spurred optimism that the European debt crisis will abate.

Read more on BusinessWeek

Stocks rise on more signs of growth; Dow gains 41
Fresh signs Friday that the economy continues its slow, steady recovery and easing worries about Greece’s debt problems helped push stocks higher.

Read more on AP via Yahoo! News

Northern Rock Asset Management Narrows Loss, Provisions Rise
March 10 (Bloomberg) — Northern Rock (Asset Management) Plc , the nationalized U.K. bank closed to new customers, said bad loans provisions rose as it narrowed its 2009 loss.

Read more on Bloomberg

Stocks rise on AIG deal; Manufacturing grows
Stocks are higher after AIG announced its biggest asset sale since being rescued by the government. A report of continued growth in manufacturing also lifted the market.

Read more on AP via Yahoo! News