Wednesday. Bank of America’s issuer credit rating was cut to "A-" from "A‚" as were its Countrywide Financial Corp. and Merrill Lynch & Co. Inc. units‚ along with a series of related subsidiaries Ratings downgrades are never seen as positive‚ but this round may be particularly damaging for Bank of America. Concern already was growing Tuesday about whether B of A has enough capital to withstand another downturn in the U.S. economy or further trouble in Europe‚ and the bank’s stock fell to a two-year
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` New venture financing at its core is securing the necessary funding to launch a new business. There are a variety of options for the entrepreneur to secure these funds‚ and finding the right financing in critical to starting any new business. Investors into a new venture will want to know that there is an acceptable risk/reward threshold for their capital. Therefore‚ it is important that the entrepreneur alleviate investor anxiety about the riskiness of the venture. There are several ways of
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Student debt in on the rise. It arises from the increasing college tuition costs. It makes college attendance prohibitive to many people. Additionally‚ it translates to a higher student loan debts. College is expensive‚ to a point that many people consider it a dream come true to attend college. The current developments in the world mean that there are an ever-increasing number of new courses. Moreover‚ the costs are on the rise to remain current with educational developments. Individuals who are
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A Summary of "Sleep Debt and Mortgaged Mind." William Dement and Christopher Vaughn in “Sleep Debt and the Mortgaged Mind‚” relates sleep debt to a loan. The authors tried to stress the importance of understanding the serious if not fatal consequences of sleep deprivation. We must not only learn to recognize the dangers of sleep debt‚ but how we should manage it as well. The Authors in this well written article went into details of how we should pay back or sleep debt‚ and learn from tragic
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HOW TO TALK TO THE CUSTOMER OVER THE PHONE Customer service in the telemarketing industry is primarily imparted through the phone. Hence‚ customer agents should first and foremost possess the right phone skills as part of their customer service. Hereunder are some tips to improve an agents phone skills. Greet. A call starts and ends with a greeting. Unlike in ordinary phone calls when a "hello" is traditionally used to start the call at the receiving end‚ customer phone calls should be given
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Executive Summary The cause of American debt ceiling crisis was the substantial increase in defense expenditure continuing recession in the domestic economy‚ which led the government had to borrow more than the legal limit. There has been a long bitter debate of whether or not to raise the debt ceiling since this would influence a lot on capital market. Advantages of this measure is rising the debt ceiling would avoid disruption on treasury financing market‚ which is widely used as collateral. And
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Creating‚ Financing‚ and Marketing a Business There are three types of partnerships - a general partnership‚ limited partnership‚ and limited liability partnership. General partnerships consist of two or more partners who are both responsible for the business. They share the assets and profits‚ as well as the liabilities and management responsibilities for running the business. A business owner may opt for either a limited partnership or a limited liability partnership. In a limited partnership
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Writing Assignment Topic: Discuss how does the U. S. National Debt crisis affects the daily consumer. An ongoing American issue that affects every American today is the U. S. National Debt crisis. Although many of us hear about it every day on the news‚ many truly don’t know the ramifications of the very critical ongoing issue. The U.S. National debt affects consumers every day‚ in just about every imaginable way but probably most notably in Americans facing higher taxes‚ higher interest rates
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Cambrian period 543-490 million years Introduction The Cambrian Period marks the beginning of the Paleozoic Era. This period gets its name from a place in Wales where the first examples of this type of ancient life was found. The period lasted for nearly 53 million years‚ from about 543 million years ago until 490 million years ago. The Cambrian Period marks an important point in the history of life on earth; it is the time when most of the major groups
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1. Identify the parties likely to be affected by this proposed action. The parties that are likely to be affected include the company itself‚ shareholders‚ financial auditors‚ financial analysts‚ potential investors. 2. How will reducing the provision for uncollectible accounts affect the income statement and the balance sheet? Balance Sheet: When the Allowance for Uncollectible Accounts‚ a contra asset account‚ is reported on the balance sheet‚ the company expects that some of its accounts receivable
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