Universal accounts could make mortgages obsolete
Article Abstract:
Universal accounts offer a number of valuable benefits to consumers and credit providers and may serve as a better alternative for mortgage loans. Through the use of universal accounts, a group or an individual's overall assets and their corresponding liabilities are kept under a single ledger and managed by a particular financial institution. Such accounts would not only facilitate repayment schedules but would also enhance cross-selling of products and financial instruments. However, analysts believe that major changes in financial regulations and practices must be instituted before the use of universal accounts can be adopted.
Publication Name: Secondary Mortgage Markets
Subject: Economics
ISSN: 0740-4271
Year: 1997
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The Scandal That Could Save Likud
Article Abstract:
The suicide of Yaacov Levinson has dealt a substantial setback to the Israeli Labor Party. Levinson ran an investment company of Bank Hapoalim in New York. He had left Bank Hapoalim which has very strong Labor Party ties in 1981. He was under investigation by police for irregularities cited by colleagues. The scandal reveals that the Labor Party has lost control of its business interests. Voters appear to have been showing renewed interest in the Labor Party prior to the break of the scandal.
Publication Name: Economist
Subject: Economics
ISSN: 0013-0613
Year: 1984
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The VAT Way to Save Billions
Article Abstract:
A change is suggested for British VAT rules. The tax should be levied as goods clear customs. This would cut the public sector borrowing requirement, increase British manufacturing competitiveness, and end gold bullion frauds.
Publication Name: Economist
Subject: Economics
ISSN: 0013-0613
Year: 1984
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