Continues to climb. Tom that is the backstory and we touch on that today. Lets get to our top friday headlines with vonnie quinn. ,onnie we start right there how events will affect u. S. Economic growth. The fed decided not to raise Interest Rates for the first time in nine years. Janet yellen says most policymakers still expect to raise rates this year, but first they need more convincing on the economy. The committee continues to anticipate that the first increase in the fed funds rate will be appropriate when it has seen some further improvement in the labor market and is reasonably confident that inflation will move back to its 2 objective over the mediumterm. Vonnie futures contract imply a 44 chance the fed will raise rates in december. A flood of refugees has led croatia to close almost all its borders to serbia. In about two days, 30,000 refugees have entered croatia from the serbian side. They turned to croatia after hungary used force to push them away. General motors has agr
Speakers, interviews and viewer callins with authors. Sundays 9 00 p. M. Eastern, after words, women bureaus, talking about his book the asteroid threat. A documentary about the 1969 apollo 11 moon landing. Say day on the civil war and general shermans atlanta campaign. And the Supreme Court case burb versus for. Talk to us about the programs youre watching. On twitter use the hashtag c123, or email us at comments at cspan. Org. Join the cspan conversation. Like us on facebook. Follow us on twitter. Earlier this year the House Financial Services Committee Held a daylong hearing on the reauthorization of the Exportimport Bank. Its current authorization expires next month. Business, finance and bought officials including Exportimport Bank president Fred Hochberg, provided remarks on the role of the bank and compliance requirements made as part of its 2012 reauthorization. This portion. Hearing is just under two hours. The committee will come to order. We will now turn to our second panel
Detained and sent home. The president of the association of russian banks wants the countrys central bank to review its decision to sharply raise Interest Rates. The bank of russia raised rates from 10. 5 to 17 in middecember. This is meant to stop the sharp depreciation of the ruble following a plunge in crude oil prices. They talked to nhk about the importance of the review. Translator Financial Institutions have no choice but to raise their Interest Rates on loans. Some firms can no longer borrow from the banks. This is negatively affecting russias economy overall. He said raising the rate hasnt reduced inflationary pressure. He said Consumer Prices have continued to rise. He said Financial Institutions have suffered. People are rushing to withdraw deposits. Theyre exchanging the ruble for foreign currencies. They stress the confusion is temporary. Stock prices ended lower on the last trading day of 2014. Political concerns increase weighed on market sentiments. The benchmark nikkei
Detained and sent home. The president of the association of russian banks wants the countrys central bank to review its decision to sharply raise Interest Rates. The bank of russia raised rates from 10. 5 to 17 in middecember. This is meant to stop the sharp depreciation of the ruble following a plunge in crude oil prices. They talked to nhk about the importance of the review. Translator Financial Institutions have no choice but to raise their Interest Rates on loans. Some firms can no longer borrow from the banks. This is negatively affecting russias economy overall. He said raising the rate hasnt reduced inflationary pressure. He said Consumer Prices have continued to rise. He said Financial Institutions have suffered. People are rushing to withdraw deposits. Theyre exchanging the ruble for foreign currencies. They stress the confusion is temporary. Stock prices ended lower on the last trading day of 2014. Political concerns increase weighed on market sentiments. The benchmark nikkei
Long term loan like tifia with a 35 year plan and, we have a rating for a 35 year loan with tifia and it is not a mature, credit, yet. Though. And we received our first tax increment this year, about a million and a half dollars over the next four years, until 2018 and it has paid it that we will collect about 9 and a half million in net tax increment and so not enough to go out for a short term loan. On our own and be solely backed by tax increments. And the tifia loan does have conditions for disbursement and the two key conditions are selling 429 Million Dollars worth of the former state owned parcel and we are at 222 million now with the sale of parcel t, last year and 2013 and the block, 6, 7, this year and we anticipate reaching the 429 next fall, when blocks five and eight close in september and october respectively, dem nation of the full funding for the project and you will recall, approving the tifia amendment this past may, and under that amendment, the formation of the cfd,