Friday, December 26, 2008

Presspass - Business Edition

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Bail-by-plastic

SANTA ANA, Calif. â€" Bail bond agents are increasingly helping cash-strapped defendants get out of jail with ultra-cheap financing deals, a practice that worries law enforcement officials and insurers, and could endanger public safety. To bolster their businesses during the recession, a growing number of bondsmen nationwide are requiring upfront payments that are a fraction of the customary 10 percent premium amount, and sometimes with no collateral.

Money's use a secret

WASHINGTON â€" Think you could borrow money from a bank without saying what you were going to do with it? Well, apparently when banks borrow from you they don't feel the same need to say how the money is spent. After receiving billions in aid from U.S. taxpayers, the nation's largest banks say they can't track exactly how they're spending it. Some won't even talk about it.

TV shift to leave some out

WASHINGTON â€" Nearly a fifth of the nation's full-power television stations will no longer reach at least 2 percent of viewers now covered by their existing analog signals after they switch to digital broadcasts in February, federal regulators say.

As stocks tumble, gold takes off

DENVER â€" Investors who have forsaken shaky financial markets for the safety of gold must feel a little bit like prospectors. As the worst recession in at least a generation spreads, so too does the clamor for gold bars and coins, assets less likely to go up on smoke like so many derivatives and asset-backed securities.

Bail-by-plastic

SANTA ANA, Calif. â€" Bail bond agents are increasingly helping cash-strapped defendants get out of jail with ultra-cheap financing deals, a practice that worries law enforcement officials and insurers, and could endanger public safety. To bolster their businesses during the recession, a growing number of bondsmen nationwide are requiring upfront payments that are a fraction of the customary 10 percent premium amount, and sometimes with no collateral.










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