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Iran-Contra Hearings Day 1 Part 28: Richard Secord Testimony Part 13 (1987)

admin — Sun, 27 Nov 2011 22:21:22 +0000

May 5, 1987 http://www.amazon.com/gp/redirect.html?ie=UTF8&location=http%3A%2F%2Fwww.amazon.com%2Fs%3Furl%3Dsearch-alias%253Dstripbooks%26field-keywords%3Diran%2Bcontra&tag=doc06-20&linkCode=ur2&camp=1789&creative=9325 Watch the full hearing: http://thefilmarchived.blogspot.com/2010/08/iran-contra-hearings-day-1-richard.html

A certificate of deposit or CD is a time deposit, a financial product commonly offered to consumers by banks, thrift institutions, and credit unions.

CDs are similar to savings accounts in that they are insured and thus virtually risk-free; they are “money in the bank” (CDs are insured by the FDIC for banks or by the NCUA for credit unions). They are different from savings accounts in that the CD has a specific, fixed term (often three months, six months, or one to five years), and, usually, a fixed interest rate. It is intended that the CD be held until maturity, at which time the money may be withdrawn together with the accrued interest.

In exchange for keeping the money on deposit for the agreed-on term, institutions usually grant higher interest rates than they do on accounts from which money may be withdrawn on demand, although this may not be the case in an inverted yield curve situation. Fixed rates are common, but some institutions offer CDs with various forms of variable rates. For example, in mid-2004, with interest rates expected to rise, many banks and credit unions began to offer CDs with a “bump-up” feature. These allow for a single readjustment of the interest rate, at a time of the consumer’s choosing, during the term of the CD. Sometimes, CDs that are indexed to the stock market, the bond market, or other indices are introduced.

A few general guidelines for interest rates are:

* A larger principal should receive a higher interest rate, but may not.
* A longer term will usually receive a higher interest rate, except in the case of an inverted yield curve (i.e. preceding a recession)
* Smaller institutions tend to offer higher interest rates than larger ones.
* Personal CD accounts generally receive higher interest rates than business CD accounts.
* Banks and credit unions that are not insured by the FDIC or NCUA generally offer higher interest rates.

The KL-43 is a portable, electronic cipher device used by the United States from the early 1980s. The machine, manufactured by TRW, is an adaptation of language translator technology, and includes a keyboard for input and an LCD display for output. It also contains a built-in modem, a telephone coupler, and the facility for connecting to a printer. A version of the KL-43 was famously used by Oliver North to communicate with his assistant, Fawn Hall, and others while managing clandestine operations in Nicaragua in support of the “Contra” rebels. The device was paraded in front of cameras during the Iran-Contra congressional hearings.

There are a number of variations of the KL-43, including the KL-43, KL-43A, KL-43C and KL-43D.

Duration : 0:9:57

Fisher Says Low Rates May Be Incentive to Not Borrow

admin — Wed, 14 Sep 2011 03:15:28 +0000

Sept. 12 (Bloomberg) — Federal Reserve Bank of Dallas President Richard Fisher talks about the process of establishing monetary policy and the economic outlook.
Fisher, speaks with Sara Eisen and Betty Liu on Bloomberg Television’s “In the Loop,” also discusses the Dallas Fed’s inflation forecast. (Source: Bloomberg)

Duration : 0:9:39

Default’s impact on credit card interest rates

admin — Thu, 28 Jul 2011 20:57:18 +0000

The variable interest rate on consumer credit cards is likely to rise if Congress fails to reach a deal to raise the debt limit. As Chip Reid reports, rates could go up between one and five percent.

Duration : 0:1:49

HSBC’s De Silva Expects Thailand to Raise Interest Rates

admin — Sat, 16 Jul 2011 19:25:13 +0000

July 12 (Bloomberg) — Andre de Silva, the head of Asia-Pacific rates research at HSBC Holdings Plc in Hong Kong, talks about regional economies and central banks’ monetary policies.
De Silva also discusses Europe’s sovereign debt crisis and the U.S. debt ceiling. He speaks with Rishaad Salamat on Bloomberg Television’s “Asia Edge.” (Source: Bloomberg)

Duration : 0:8:13

Government Considering Eliminating Mortgage Interest Tax Deduction: CALL TO ACTION

admin — Sat, 25 Dec 2010 08:19:04 +0000

Federal Government is considering eliminating the Mortgage Interest Tax Deduction. Such an action would undermine the critical housing industry and cause further delays to our economic recovery.

Duration : 0:2:55

Conrad Says $3.8 Trillion Scale of Deficit Plan Required

admin — Fri, 12 Nov 2010 14:29:00 +0000

Nov. 11 (Bloomberg) — U.S. Senate Budget Committee Chairman Kent Conrad, a North Dakota Democrat, talks about a plan offered by the leaders of President Barack Obama’s commission to reduce the federal budget deficit.
The co-chairmen proposed a $3.8 trillion deficit-cutting plan yesterday that would trim Social Security and Medicare, reduce income-tax rates and eliminate tax breaks including the mortgage-interest deduction. It would reduce the annual deficit from $1.3 trillion this year to about $400 billion by 2015 and start reducing the $13.7 trillion national debt. Conrad talks with Peter Cook on Bloomberg Television’s “Fast Forward.” (Source: Bloomberg)

Duration : 0:3:30

Moody’s Zandi Expects No Rise in U.S. Tax Rates in 2011

admin — Mon, 08 Nov 2010 23:34:09 +0000

Nov. 3 (Bloomberg) — Mark Zandi, chief economist at Moody’s Analytics Inc., discusses the possible impact of yesterday’s midterm congressional election results on Federal Reserve monetary policy, the U.S. economy and the tax code.
Zandi, speaking with Margaret Brennan on Bloomberg Television’s “InBuiness,” also talks about the prospects of a double-dip recession. (Source: Bloomberg)

Duration : 0:8:4

Obama! End to mortgage interest, child tax deductions…

admin — Mon, 01 Nov 2010 15:05:04 +0000

http://online.wsj.com/article/SB10001424052702304354104575568643889337142.html?mod=WSJ_hp_MIDDLTopStories

Duration : 0:4:59

Insurance Cos To Raise Rates & Deny Kids w/ Pre-existing Conditions

admin — Fri, 02 Apr 2010 04:27:11 +0000

Vote? for?? TYT?? Once A??????? Day:? http://vote.streamys.org/ (3/22/10???? -?? 4/11/10)????

Duration : 0:6:34

President Obama reconsiders tax deductions for mortgage interest and charities

admin — Wed, 03 Feb 2010 07:45:04 +0000

President Obama plans to cut tax deductions for mortgage interest and charity funds.

Duration : 0:3:50