Complex Financing

An interbank borrowing rate of 26 percent in Kenya is unacceptable, a senior Treasury official said on Friday, and staff from the ministry of finance and the central bank are working on a plan to deal with interest rates while supporting the shilling currency.

“The interbank rate has gone up pretty high. That is not good for the economy because it means interest rates can rise sharply. At 26 percent, that is unacceptable,” Geoffrey Mwau, economic secretary at the Treasury, told Reuters.

“We have our staff now working on recommendations that we will look at by Monday, Tuesday. Whatever we come up with, we implement. There are actions we can actually take to bring the (exchange) rate down. After our staff meet, those are the things that we will be dealing with, both the shilling and interest rates.”

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With so many credit cards on the market, it can be hard to know which one would be right for you. From balance transfer credit cards to 0% interest credit cards and all sorts of bonuses available, there is a lot to consider when deciding which credit card to apply for. This article aims to take you through a few of the key things to think about so you know what to keep in mind.

What is the APR?

The APR is the Annual Percentage Rate and it refers to the amount of interest that will be charged on the credit card. It can be a good idea to compare the different APRs available to work out which would be the best deal for you.

What would benefit me most?

As mentioned above, you can find both 0% interest credit cards and balance transfer credit cards. Read more…

— Radiology Associates has been designated a Breast Imaging Center of Excellence by the American College of Radiology.

The American College of Radiology recognizes breast imaging centers that have earned accreditation in mammography, stereotactic breast biopsy, and breast ultrasound including ultrasound-guided breast biopsy.

Peer-review evaluations, conducted in each breast imaging modality by board-certified physicians and medical physicists who are experts in the field, have determined that Radiology Associates has achieved high practice standards in image quality, personnel qualifications, facility equipment, quality control procedures and quality assurance programs.

In one line, the Peter Principle can be defined as: “in a hierarchy, every employee tends to rise to his level of incompetence”. This means that an employee will be promoted and will continue to receive promotions till he reaches a level at which he is found to be incompetent. This means that if a company hires few people at a time, there will be a point at which its top posts will be filled with incompetent employees. This implies two things for a company – that the Peter Principle is an inevitability and that eventually the efficiency of the company drops. One can replace an incompetent employee by a more competent one, but this will again mean that he will keep getting promotions till he is rendered incompetent. Understanding the Principle An explanation for this can be derived from a child (although the Peter Principle is meant for hierarchy). Read more…

DALLAS – A.H. Belo Corp., parent company of The Providence Journal, announced a net loss of $6.8 million for its 2011 second quarter, compared with a loss of $200,000 in the comparable year-earlier period, as advertising revenue fell 9.3 percent across the company, which includes The Dallas Morning News, The Press-Enterprise in Riverside, Calif., other niche publications and the associated websites.

Total revenue for the chain fell 5.8 percent to $114.5 million in the three months ended June 30. Advertising revenue totaled $69.9 million for the period across the properties, although Belo said in an earnings release that the percentage decline was smallest for the Journal.

Circulation revenue fell 1.6 percent to $34.9 million, as a 0.4 percent increase at the Morning News was offset by declines at the Journal and Press-Enterprise.

Printing and distribution revenue increased 6.7 percent to $9.7 million, Belo said, largely due to increases at the Journal.

Robert W. D

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