Calm takeover of 1st National and First Heritage by Martina Janeckova

On Friday July 25, 2008, the 28 branches of the 1st National Bank of Nevada and First Heritage Bank N. A., owned by Scottsdale, Arizona- based First National Bank Holding Co.- were closed by Federal Deposit Insurance Corporation (FDIC). The Office of the Comptroller of the Currency said that 1st National and First Heritage were undercapitalized and were experiencing serious problems. FDIC assured customers of the two banks that their money was protected, which prevented lines of customers after the bank takeover. This was a contrast to hundreds of angry customers waiting in lines this month after IndyMac Bank’s assets were seized. The two banks were taken over by Mutual of Omaha bank, which bought all of the two bank’s deposits, even those over the amount protected by FDIC insurance limits. As of June 30, the two banks had total assets of $3.6 billion, most of them were in 1st National and only $254 million were in First Heritage. On Monday, Mutual of Omaha will open banks as its own branches, said David Barr, spokesman of FDIC. 1st National has 10 branches in Nevada and 15 in Arizona. First Heritage N. A. has 3 branches in Southern California. During the weekend, accountholders could access their funds by writing checks or using ATM or debit cards. Jeff Schmid, chairman and CEO of Mutual of Omaha Bank, said the acquisition accords with the company’s growth strategy to get aggressive with banking. Mutual of Omaha Bank has $800 million in assets and operates 14 retail branches in Nebraska and Colorado. It's a subsidiary of Mutual of Omaha, a 99-year-old insurance and financial services company with more than $19 billion in total assets.

by Martina Janeckova for PocketNews (http://pocketnews.tv)

PocketNews is a new real-time news broadcaster delivering the latest and hottest news right to your pocket ! With global clients who want to be kept up to date, PocketNews is everyone's way of keeping in touch with the World.<br><br><font size=2>These news are original content from young talents around the world and are selected for you by Chris Cantell.</font><br>

edited by Beata Biskova

Chris Cantell Discusses Financials: Pokojné prevzatie 1st National a First Heritage by Martina Janeckova

V piatok 25. júla 2008 Federálna korporácia pre poistenie vkladov (FDIC) zatvorila 28 pobočiek 1st National Bank of Nevada a First Heritage Bank N. A., vlastnených Scottsdale, Arizona- patriacej do First National Bank Holding Co. Úrad kontrolóra meny vyhlásil, že 1st National a First Heritage boli podkapitalizované a mali vážne problémy. FDIC uistila zákazníkov obidvoch bánk, že ich peniaze sú chránené, čo umožnilo predísť radom zákazníkov po prevzatí bánk. Bol to kontrast oproti stovkám nahnevaných zákazníkov čakajúcim v radoch tento mesiac po tom, čo boli zabavené aktíva banky IndyMac. Obe banky boli prevzaté bankou Mutual of Omaha, ktorá kúpila všetky ich depozity, aj tie nad sumu chránenú poistnými limitmi FDIC. K 30. júnu mali tieto 2 banky celkové aktíva $3.6 miliardy, väčšina z toho bola vo 1st National a len $254 miliónov bolo vo First Heritage. David Barr, hovorca FDIC povedal, že v pondelok Mutual of Omaha otvorí banky ako svoje vlastné pobočky. 1st National má 10 pobočiek v Nevade a 15 v Arizone. First Heritage N. A. má 3 pobočky v Južnej Kalifornii. Počas víkendu sa mohli vlastníci účtov dostať k svojim finančným prostriedkom pomocou vypísania šekov alebo použitia bankomatov a debetných kariet. Jeff Schmid, predseda a prezident banky Mutual of Omaha povedal, že akvizícia je v súlade s rastovou stratégiou spoločnosti presadiť sa v bankovníctve. Banka Mutual of Omaha má aktíva $800 miliónov a riadi 14 pobočiek v Nebraske a Colorade. Je dcérskou spoločnosťou spoločnosti Mutual of Omaha, 99-ročnej spoločnosti poskytujúcej poistné a finančné služby s viac ako $19 miliardami celkových aktív.

by Martina Janeckova for PocketNews (http://pocketnews.tv)

PocketNews is a new real-time news broadcaster delivering the latest and hottest news right to your pocket ! With global clients who want to be kept up to date, PocketNews is everyone's way of keeping in touch with the World.<br><br><font size=2>These news are original content from young talents around the world and are selected for you by Chris Cantell.</font><br>

edited by Beata Biskova

US deficit close to half-trillion in 2009 by Martina Janeckova

The government’s budget deficit will increase to approximately half-trillion dollars next year, according to new estimates of White House. When George W. Bush became president, he inherited a budget producing surpluses in the period of economic growth. In his first year in office, Bush pushed through a 10-year, $1.35 trillion package of tax cuts. However a recession came in 2001 and also spending to fight the war on terrorism contributed to the increase of the deficit. In 2007 the deficit was $161.5 billion. According to the estimates the deficit will hit $482 billion in 2009, which is the biggest deficit ever in terms of dollars, although several deficits were higher in the 1980s and 1990s as a percentage of the overall economy. However, neither of the presidential candidates wants to change his campaign promises. McCain intends to renew Bush tax cuts that expire at the end of 2010 and add many more for businesses and upper income people who pay alternative minimum tax. Renewing the tax cuts would cost $200 billion a year and eliminating the alternative minimum tax would cost almost as much. Obama wants to aim tax cuts on senior citizens, the middle class and working poor. He wants to spend more on health care and education too. The deficit numbers for 2008 and 2009 represent about 3 percent of the size of the economy, which is less than in case of deficits in 1980s and early 1990s. Still the new figures are so high that they may hold back the appetite of the new president to add to the deficit with new spending programs or tax cuts.

by Martina Janeckova for PocketNews (http://pocketnews.tv)

PocketNews is a new real-time news broadcaster delivering the latest and hottest news right to your pocket ! With global clients who want to be kept up to date, PocketNews is everyone's way of keeping in touch with the World.<br><br><font size=2>These news are original content from young talents around the world and are selected for you by Chris Cantell.</font><br>

edited by Beata Biskova

Chris Cantell Discusses Financials: Deficit USA sa v roku 2009 priblíži pol biliónu by Martina Janeckova

Podľa nových odhadov Bieleho Domu sa vládny deficit budúci rok zvýši na približne pol bilióna amerických dolárov. Keď sa George W. Bush stal prezidentom, zdedil prebytkový rozpočet v období ekonomického rastu. Počas svojho prvého roku v Úrade presadil 10-ročný balík daňových úľav v hodnote $1.35 bilióna. Avšak v roku 2001 prišla recesia a taktiež výdavky na vojnu proti terorizmu prispeli k zvýšeniu deficitu. V roku 2007 bol deficit $161.5 miliardy. Podľa odhadov deficit v roku 2009 dosiahne $482 miliárd, čo je najväčší deficit pokiaľ ide o dolárové vyjadrenie, hoci niekoľko deficitov bolo vyšších v 80-tych a 90-tych rokoch, keď ich vyjadríme ako percento celkovej ekonomiky. Ani jeden z prezidentských kandidátov však nechce zmeniť svoje sľuby z prezidentskej kampane. McCain plánuje obnoviť Bushove daňové úľavy, ktoré vypršia na konci roka 2010 a pridať ďalšie pre podniky a ľudí s vyšším príjmom, ktorí platia alternatívnu minimálnu daň. Obnovenie daňových úľav by každý rok stálo $200 miliárd a odstránenie alternatívnej minimálnej dane približne rovnako. Obama chce zamieriť daňové úľavy na starých ľudí, strednú triedu a najchudobnejších pracujúcich. Takisto chce viac výdavkov na zdravotníctvo a vzdelávanie. Deficit na roky 2008 a 2009 reprezentuje cca. 3 percentá veľkosti ekonomiky, čo je menej ako v prípade deficitov v 80-tych a na začiatku 90-tych rokov. Ale aj tak sú tieto nové čísla tak vysoké, že by mohli brzdiť apetít nového prezidenta pri nových výdavkových programoch alebo daňových úľavách.

by Martina Janeckova for PocketNews (http://pocketnews.tv)

PocketNews is a new real-time news broadcaster delivering the latest and hottest news right to your pocket ! With global clients who want to be kept up to date, PocketNews is everyone's way of keeping in touch with the World.<br><br><font size=2>These news are original content from young talents around the world and are selected for you by Chris Cantell.</font><br>

edited by Beata Biskova

Chris Cantell Discusses Financials: Deficitot na SAD blisku do polovina trilion vo 2009 godina by Zivka Deleva

Budzetot na vladata ke se zgolemi do približno polovina trilion dolari idnata godina, spored novite procenki na Belata Kuka. Koga Dzordz Buš stana pretsedatel, toj nasledi budzet koj davaše suficiti vo periodot na ekonomski rastež. Vo negovata prva godina vo kancelarijata, Buš proturka deset godišen paket od 1.35 trilion dolari vo namaluvanja na danocite. Kako i da e recesijata dojde vo 2001 godina i isto taka trošocite vo borbata protiv terorizmot pridonesoa da se zgolemi deficitot. Vo 2007 godina deficitot beše 161.5 bilioni dolari. Spored procenkite deficitot ke dostigne brojka od 482 bilioni dolari vo 2009 godina, što e najgolemiot deficit izrazen vo dolari, i pokraj toa što nekolku deficiti bea pogolemi vo 80tite i 90tite kako procent od celosnata ekonomija. Kako i da e, nitu eden od pretsedatelskite kandidati ne saka da gi promeni svoite vetuvanja dadeni vo kampanjata. MekKein planira da gi obnovi danočnite olesnuvanja koi završuvaat vo 2010 vovedeni od strana na Buš i da dodade mnogu poveke biznisi i luge so pogolemi prihodi koi ke plakaat alternativen minimalen danok. Obnovuvanjeto na danočnite olesnuvanja ke čini 200 bilioni dolari godišno i eliminranjeto na alternativniot minimalen danok ke čini otprilika isto. Obama saka da gi nasoči danočnite olesnuvanja kon postarite gragani, srednata klasa i siromašnite. Toj saka da potroši poveke na zdravstvoto i obrazovanieto. Deficitnite brojki za 2008 i 2009 godina pretstavuvaat okolu 3% od goleminata na ekonomijata, što e pomalku od slučajot na deficit vo 80tite i 90tite. Sepak novite brojki se tolku visoki što može da gi zadržat apetitite na novite pretsedateli da dodadat na deficitot novi programi za trošenje ili danočni olesnuvanja.

by Zivka Deleva for PocketNews (http://pocketnews.tv)

PocketNews is a new real-time news broadcaster delivering the latest and hottest news right to your pocket ! With global clients who want to be kept up to date, PocketNews is everyone's way of keeping in touch with the World.<br><br><font size=2>These news are original content from young talents around the world and are selected for you by Chris Cantell.</font><br>

posted by Lucia Adamova

Chris Cantell Discusses Financials: Deficitot na SAD blisku do polovina trilion vo 2009 godina by Zivka Deleva

Budzetot na vladata ke se zgolemi do približno polovina trilion dolari idnata godina, spored novite procenki na Belata Kuka. Koga Dzordz Buš stana pretsedatel, toj nasledi budzet koj davaše suficiti vo periodot na ekonomski rastež. Vo negovata prva godina vo kancelarijata, Buš proturka deset godišen paket od 1.35 trilion dolari vo namaluvanja na danocite. Kako i da e recesijata dojde vo 2001 godina i isto taka trošocite vo borbata protiv terorizmot pridonesoa da se zgolemi deficitot. Vo 2007 godina deficitot beše 161.5 bilioni dolari. Spored procenkite deficitot ke dostigne brojka od 482 bilioni dolari vo 2009 godina, što e najgolemiot deficit izrazen vo dolari, i pokraj toa što nekolku deficiti bea pogolemi vo 80tite i 90tite kako procent od celosnata ekonomija. Kako i da e, nitu eden od pretsedatelskite kandidati ne saka da gi promeni svoite vetuvanja dadeni vo kampanjata. MekKein planira da gi obnovi danočnite olesnuvanja koi završuvaat vo 2010 vovedeni od strana na Buš i da dodade mnogu poveke biznisi i luge so pogolemi prihodi koi ke plakaat alternativen minimalen danok. Obnovuvanjeto na danočnite olesnuvanja ke čini 200 bilioni dolari godišno i eliminranjeto na alternativniot minimalen danok ke čini otprilika isto. Obama saka da gi nasoči danočnite olesnuvanja kon postarite gragani, srednata klasa i siromašnite. Toj saka da potroši poveke na zdravstvoto i obrazovanieto. Deficitnite brojki za 2008 i 2009 godina pretstavuvaat okolu 3% od goleminata na ekonomijata, što e pomalku od slučajot na deficit vo 80tite i 90tite. Sepak novite brojki se tolku visoki što može da gi zadržat apetitite na novite pretsedateli da dodadat na deficitot novi programi za trošenje ili danočni olesnuvanja.

by Zivka Deleva for PocketNews (http://pocketnews.tv)

PocketNews is a new real-time news broadcaster delivering the latest and hottest news right to your pocket ! With global clients who want to be kept up to date, PocketNews is everyone's way of keeping in touch with the World.<br><br><font size=2>These news are original content from young talents around the world and are selected for you by Chris Cantell.</font><br>

posted by Lucia Adamova