E.U. Details $957 Billion Rescue Package

By JAMES KANTER and LANDON THOMAS Jr. Published: May 9, 2010
 
BRUSSELS — European leaders agreed on Monday to provide a huge rescue package of nearly $1 trillion in a sweeping effort to combat the debt crisis that has engulfed Europe and threatened markets around the world.
In an extraordinary session that lasted into the early morning hours, finance ministers from the European Union agreed on a deal that would provide $560 billion in new loans and $76 billion under an existing lending program. Elena Salgado, the Spanish finance minister, who announced the deal, also said the International Monetary Fund was prepared to give up to $321 billion separately.
Officials are hoping the size of the program — a total of $957 billion — will signal a “shock and awe” commitment that will be viewed in the same vein as the $700 billion package the United States government provided to help its own ailing financial institutions in 2008.

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Europe’s Web of Debt

Nick Vujicic - Are you going to finish strong?

Nick Vujicic (born 4 December 1982) is a preacher, a motivational speaker and the director of Life Without Limbs, an organization for the physically disabled. He regularly gives speeches across subject of disability and hope.

Best Strategies for Passive Income

3 Top Passive Streams of Income

Passive income is the best kind of income to receive. With passive income, you have set up a cash flow that generates income without you having to work for your money. Initially, there is some amount of effort required to set up the "stream" of income. If you don't want to work every day, it's crucial to set up several forms of passive income to build your wealth.

Linear income is the type of income you receive when you go to a job, work and then get paid on payday. The effort you put in is directly related to the pay you earn. Unfortunately, if you cannot work anymore or don't want to work anymore, your income will cease.

Here are three of the best kinds of passive income strategies you can set up now and be paid for many years down the road.