Part 4 of China’s “Hot Money” Problems. The main concern in China over the influx of “hot money” has been that it may add to China’s inflationary pressures. In July 2008, the government reported that the consumer price index had risen by 7.9% over the first half of 2008 over the same period in 2007 […]
What is the Low-Income Housing Tax Credit program? The Low-Income Housing Tax Credit (LIHTC) program was established by the Tax Reform Act of 1986 (Internal Revenue Code Section 42) to create market incentives for the acquisition and development or rehabilitation of affordable rental housing. During the last two decades, this program has become an important […]
Regardless of their name, these small, short-term, high-rate loans by check cashers, finance companies and others all come at a very high price. The finance charge can climb to $60 to borrow $100.