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News For: Nationwide Variable AnnuityStudy shows Alabamians have high credit card debt Montgomery, Al. WSFA -- Nationwide, companies are going bankrupt--even dissolving because of money problems.�� Meanwhile, Alabamians are in the same boat when it comes to debt. The Dow Jones Is Getting Revitalized SAN DIEGO - Hello Philadelphia cream cheese and good-bye variable annuities! Editors of the Wall Street Journal have decided to replace AIG with Kraft Foods which leaves the Dow somewhat "unbalanced". Questions and Answers with Kell Kelly Q: This year has been a tough one for the banking industry ��� and yet so far Oklahoma seems to be surviving the storm. But is the state really going untouched by what's going on nationwide? A: The momentous actions on Wall Street of the past week will definitely affect Oklahoma. When the government steps in to "own��� Fannie Mae & Freddie Mac, it will affect Oklahoma. When government guarantees ... Loss Of Face Could Mean Losses For AIG In Japan After coming close to bankruptcy, the insurer is facing a crisis of confidence among its notoriously skittish Japanese customers. Interbank loans at standstill Lending between banks ground to a standstill this week in a graphic illustration of the scale of the crisis in the financial markets. Money market rates were pushed higher, raising funding costs for home owners and companies that borrow money at variable rates of interest. Citizens National Bank presents annuity proceeds to BPCC Tuesday, in the Chancellor���s Board Room at Bossier Parish Community College, three officials from Citizens National Bank, Woody Schick, bank president, Jason Smith, executive vice president and senior loan officer and Jim Keel, senior vice president and cashier, presented BPCC with a check in the amount of $6,165.00 from Citizens original annuity gift of $150,000.00. AIG debacle raises red flags that need checking on your policies Whether you have insurance policies through AIG or another company, the events of last week should serve as a red flag about the safety of your annuities and life insurance policies in these volatile economic times. U.S. bailout plan fails to calm North American markets The Dow Jones dropped more than 370 points Monday as jittery investors awaited details of a plan by the U.S. government to bail out banks saddled with toxic assets. College debt on credit card? Do homework first I've incurred roughly $56,000 in student loan debt. The federal loans were consolidated at a rate of 4.75 percent a few years ago. The rest are private loans and have higher, variable interest rates currently 5 percent and 7.75 percent, respectively. Current Issue: With economic worries prevailing after bank buyouts and news of falling stock values on Wall Street, John Lapp, professor of economics, said it will be more difficult for students to get jobs after graduation. |