| N.C. woman charged with credit card misuse
CAMDEN, N.J. (AP) - A North Carolina woman who is the former head of the Camden teachers union was indicted today on charges that she used a union credit card on gambling junkets to Atlantic City. Claraliene Gordon of Fayetteville served as president of the Camden Education Association from 2000 to 2006. She was indicted on charges of theft by unlawful taking and misapplication of entrusted property. She could get up to five years in prison and a $15,000 fine if convicted. Prosecutors said Gordon used the card, which the union paid for, at various Atlantic City casinos on 26 occasions, racking up nearly $15,000 in expenses. After being confronted by union officials, prosecutors say Gordon repaid almost $7,500, but has failed to repay the rest, prosecutors said.
Fortis Earns $30.8 Million in Third Quarter
ST. JOHN'S, NEWFOUNDLAND AND LABRADOR--(Marketwire - Nov. 2, 2007) - Fortis Inc. ("Fortis" or the "Corporation") (TSX:FTS - News), reported net earnings applicable to common shares of $30.8 million, or $0.20 per common share, for the third quarter of 2007, compared to earnings of $38.8 million, or $0.37 per common share, for the same quarter last year. Year-to-date earnings applicable to common shares were $113.8 million, or $0.86 per common share, compared to earnings of $113.3 million, or $1.09 per common share, for the same period last year. .
Montenegro—2007 Article IV Consultation Concluding Statement of the IMF Mission
In its first year of independence, all eyes were on Montenegro. Tourism potential was enormous. Growth surged, driven by massive FDI inflows. In its second year of independence, all eyes are on the government. The boom has brought its own challenges. Fiscal policy is strained by competing demands. The Central Bank lacks the powers it needs to curb surging credit. Initiatives to address energy bottlenecks, the still difficult business climate, and restrictive labor practices, have become more urgent. And the risks have increased. The external environment rocked by recent financial turbulence is less favorable. On the domestic market, ballooning asset prices fueled by rapid credit growth bear the typical signs of overheating. The passage of the constitution and signing of the SAA provide an opportunity: To boost the reform effort, refocus fiscal policy, and strengthen banking supervisory powers.
Debt for dummies
The results of a national consumer survey on basic personal finance and credit awareness should be shocking, but unfortunately they are not. Released on the first day of National Credit Education Week, the Credit Canada survey of 4,000 Canadians paints a dreadful portrait of the state of personal finances in our nation. Among the findings: - 53% of Canadians do not have a personal/household budget. - 26% don't consider the consequences of a rising interest rate when borrowing money. .
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