Columbus, Ohio depositors now have something to look forward to next yearhigher returns in their pockets. Nationwide Bank is now offering a 12-month CD rate of 1.05% APY. This is a great opportunity for new investors to reap greater rewards at minimal risk. Start saving the smart way with a CD from Nationwide Bank.

12-Month CD Rate Terms and Conditions

A minimum deposit of $500 is required to open a CD account with Nationwide at the 12-month CD rate. Early withdrawal may result in penalties of 90 days of dividends. At maturity, funds will automatically renew into a new term. Depositors are given a 10 day period to withdraw funds after maturity, without incurring a penalty.

About Nationwide Bank

Nationwide Bank serves its customers from coast to coast with a diverse list of financial products and services that suit each unique lifestyle.

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Several items from Michael Jackson‘s estate are up for auction, among them and most controversally, the bed he died in.

Just like most anything you can purchase at an auction, Michael Jackson’s bed comes with a Certificate of Authenticity!

Michael Jackson’s Death Bed COA.

Information source: everythingyoulikeisstupid.com

POUND
Sterling remains stronger against the USD this morning holding above 1.57 whilst trading slightly down against the euro. UK manufacturing out this morning did little to impress the market despite it being marginally higher than the 47.1 forecast at 47.6. Any number below 50 reflects contraction in the sector and a clear reflection on the tough climate the UK economy is facing. This latest round of data is likely to weaken sterling in the short term as the market increases their expectation for further QE early in the new year.

EURO
The Euro is trading relatively calmly this morning against the pound and USD amongst ongoing concern for the Euro zone and the struggle it is facing to find a firm resolution to the ongoing debt crisis. German economic data aided the euro in the short term yesterday as the data beat all the forecasts with retail sales rising to 0.7% from 0.3% in October whilst Germany’s unemployment rate fell to 6.9% from 7.0% in November. U

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Nam Tai Electronics, the British Virgin Islands-domiciled company working in the spheres of electronics manufacturing and design, has signed a major customer contract for LCD modules. This agreement had already been mentioned in the press release on BVI company’s financial results for the third quarter of 2011.

Under the terms of the newly signed contract, the company expects to receive firm orders under the contract soon which will support high-volume production starting at the end of December 2011, with shipments beginning in early January.

Discussions with the second major customer to produce LCD module subassemblies for smart phone applications at the company’s Shenzhen site are in progress. The parties currently plan high-volume production of the modules to begin about June 2011.

The Federal Open Market Committee wrapped up its two-day meeting today, holding rates steady and indicating that will remain the case. Specifically, the Fed made no changes to its much followed statement about “exceptionally low levels of the federal funds rate for an extended period.”

The statement did reaffirm the Fed’s commitment to reel in some of the liquidity with several facilities set to expire on schedule Feb. 1 and the Term Auction Facility now slated to sunset on March 8.

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Most people that come to us looking for factoring do so because they have cash flow problems and need funds to cover operations.  However, factoring can also be used as a tool for growth. And as a tool for growth, factoring offers a number of benefits. Let’s look at an example.

Let’s say a business services company is using factoring to handle it’s operational costs. A new prospect appears and offers them a contract for consulting services. It’s a large and lucrative contract but invoices will be paid in 60 days. Unfortunately, the company does not have enough of its own funds to cover this contract. This is a common situation.

If structured correctly, the company can take on the contract, invoice for the work before payroll is due and then factor the invoice to cover payroll expenses. This enables the company to take on new business leveraging the factoring company’s capital. How Read more…

KfW Bankengruppe has forecast that the healthy German recovery of the last two years is drawing to an end, and predicts that after a 0.5% growth figure in Q3 the economy will begin to grow at a more gradual pace.

The KfW Economic Compass has predicted a 0.2% decline in GDP during the final quarter of the year, and 1% growth during the entirety of 2012.

This would mean (if the forecast proves Delphic) that the growth of 2012 would be a third of the expected 3% of 2011.

KfW has highlighted the tremendous uncertainty regarding the eurozone sovereign debt crisis, but has also referred to the general global economic slowdown and the fact that many countries to which Germany exports are now embarking upon austerity measures.

KfW Chief Economist Dr Norbert Irsch said that German growth was facing a serious setback, adding that the long term prospects of the economy were largely dependent upon a resolution (or lack thereof) to the eurozone crisis.

The bank has expressed a slightly more pessimistic note regarding the future of the eurozone crisis and the implications for the German economy than earlier in 2011, reflecting the worsening situation in the eurozone.

Pensacola Government Federal Credit Union continues to provide high interest savings account under their Primary Share Savings. This money in the bank deal has an interest rate of 1.55% APY which you can earn when you open an account. The credit union requires you to deposit a minimum of $25 to open an account, but you will need to have an average daily balance of $100 to earn this best savings account rate.

The earnings of this money in the bank deal is compounded daily and credited to your account every quarter. This high yield savings account allows you to make up to 6 electronic transfers each month. There will be a $3 transfer fee that will be charged to you for every transfers you make in excess to the limit.

Aside from the Primary Share Savings, the credit union also provides high yield savings account with their Special Share account, Christmas Club account, and Saving Safari account for Kids.

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New Resource Bank gets a lot of coverage on Green Bank Report, but it’s deserved. If Wells Fargo or Bank of New York was supporting green energy projects, we would write about them too.

Here’s the latest green endeavor from San Francisco’s leading green bank as described in its press release:

New Resource Bank has approved a $3 million line of credit for Adam CapitalClean Energy Asset Finance LLC. The funding will allow the solar energy finance firm to extend additional capital to small-scale solar developers throughout the United States, including home owners, small businesses, nonprofits, schools and low-income housing developments.

Adam Capital pioneered asset-based lending for rooftop-scale clean energy developers and has funded hundreds of completed projects with loans in the $500,000 to $5 million range. By provid

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