The Hicks-Hudson administration is pushing forward with plans for a purchase-card program intended to help track everything city employees buy.

City Auditor John Jaksetic told Toledo City Council earlier this year the city could not account for every dollar spent and that some departments appeared to make a valiant attempt to spend less than $10,000 for goods and services to avoid charter-mandated council review and approval.

Mr. Jaksetics analysis of the citys purchasing process from 2012 through 2014 found it difficult or impossible to extract certain details about purchases made using Toledos multimillion-dollar accounting software, called SAP, and in some cases, input about...

ATHENS Greece has secured funding from the EU and IMF worth about 85 billion euros ($93.70 billion) over three years, a Greek finance ministry official said on Tuesday after Athens and its lenders clinched a bailout agreement after a marathon round of talks.

The package had been expected to be worth up to 86 billion euros but there had been no confirmation of its size and whether the funding bill had crept up as Greece returned to recession.

The official, who spoke on condition of anonymity, also said Greek banks would get 10 billion euros in recapitalization funds immediately and would be recapitalized by the end of the year.

The government did not accept a proposal...

Rather than lamenting the death of their company, a team of startup founders is drawing valuable lessons from their entrepreneurial experience and forging ahead.

Kansas City-based Knoda — which created a social platform allowing users to make, track and rank various predictions — recently announced to users that it was going to shut down operations.

“It’s super hard — it’s your baby,” Knoda co-founder Kyle Rogers said. “That’s just the logical business side of it, let alone the emotional side of something that you put a lot of effort into and, in our case, talked about for years. It’s super difficult.”


The project, which could not have happened without community ownership, secured funding from a number of sources.

The former executive director of the Burlington Housing Authority is free on personal recognizance after pleading not guilty to charges stemming from maxing out her work-issued credit card to pay for personal extravagances like $1,300 on airfare for her daughters honeymoon to Aruba, dental work and thousands in cash advances.

Cohen says that if a homebuyer wants to take advantage of some of the lowest interest rates for mortgages, they should have a score of 680 or more. To get a loan, the lowest a person’s credit score should be is 640.

Cohen says the process for applying for a loan has also become stricter. Before the housing market crisis, a good credit score could qualify an individual for no-documentation loan.

“Today every ‘I’ needs to be dotted and every ‘T’ crossed,” Cohen said. Bank statements, W2s, pay stubs and other documents will be required.

Big changes have also happened to the debt-to-income ratio. Cohen says that before the bottom fell...

Federal Home Loan Mortgage Corp (OTCBB:FMCC) revealed the data of its Primary Mortgage Market Survey®, stating average fixed mortgage rates moved higher amid volatile market activity in week on essentially no new information.

The data

As per Federal Home Loan, thirty year FRM averaged at 3.89% with an average 0.6 point for the seven -day period completing September 3, up from last week when the figure stood at average 3.84%. The 3-year FRM was lower compared to 4.10% recorded in the same period, a year earlier.

15-year FRM averaged 3.09% with an average 0.6 point, compared to averaged 3.06% in last week. A year ago in same period, the 15-year FRM was 3.24%. 5-year Treasury-indexed...

Are there any unauthorized cards or loans on your history? There are no interest-free days for cash advances and the interest rate is usually much higher than for purchases. And somehow I missed the mail telling me when it was finally ready.

Even as late as the 1930s, Black farmers in Alabama labored under a highly exploitative system of tenant farming thatpreserved much of the power relations of slavery. But with the aid of the Communist Party, a militant movement of sharecroppers emerged to challenge this system.

Robin D. G. Kelley tells the story in his classic bookHammer and Hoe: Communists in Alabama During the Great Depression, now out in a twenty-fifth anniversary editionandexcerpted below.

The rural worldCommunist organizersentered in 1930-31 made the poverty-stricken streets of Birmingham look like a paradise. Cotton farmers were in the midst of a crisis at least a decade old. After World War I, cotton...

CLEARWATER – After years in financial limbo, the city of Clearwater can finally put to bed a project that has been years in the making.

City officials learned earlier this month that a request to the Army Corps of Engineers seeking an exception for a greater financial responsibility for the dredging of Stevenson Creek has been approved.

The approval comes after a lengthy back and forth between the city and the Corps, along with considerable input and aid by Congressman David Jolly, who lobbied on behalf of the city for the exception.

According to the city’s website, the Stevenson Creek basin encompasses approximately...