Watch What You Say Argentina, You’re FICO Kidding Me and Malaysia Airlines Gets Overhauled

The World Cup it ain’t…

Image courtesy of StuartMiles/FreeDigitalPhotos.net

Image courtesy of StuartMiles/FreeDigitalPhotos.net

A U.S. Federal judge threatened to hold Argentina in contempt of court. I do mean the country. Not a person with the name Argentina. An entire country. In contempt. The country, it appears can’t seem to control the statements coming out of its collective mouth – by mouth I mean the mouths of its political leaders and the mouths of its attorneys. Those mouths are making some irresponsible “false and misleading” statements about its debt crisis, according to a US judge. If the country had just paid back its bondholders on July 30 like it was supposed to do, then there would have been no issues. But now it’s a very big and very real and very problematic debt crisis. Argentina wants to move this case to the International Court of Justice in the Hague to preside over the matter. However, it still doesn’t change the fact that Argentina owes US bondholders $1.5 billion. The country insists that  it is not in default even though it has yet to actually repay any required payments.

A credit to your…credit…

Image courtesy of Michelle Meiklejohn/FreeDigitalPhotos.net

Image courtesy of Michelle Meiklejohn/FreeDigitalPhotos.net

Exciting things are happening at FICO, that pesky arbiter of credit ratings that might have been keeping you from getting that credit card at Barney’s or maybe kept you from getting that much more appealing interest rate. FICO, aka Fair Isaacs Corp. finally made some changes to the way credit scores are calculated. Oddly enough, FICO has decided to institute these changes at a time when more than a third of Americans already have debt in collection, but hey whatever works, right? Just make sure that you pay up any and all bills that have already made their way to a collection agent. As long as those debts are satisfied, even if they are in collections, those misdeeds wont stay on your credit report for seven long annoying years as they have in the past. The new measures also don’t put as much weight on debts related to medical bills.  If you’re lucky, you could see your FICO score go up by as much as 25 points, which is great news, as long as you’re willing to wait a year for that to happen.

Grounded… 

Image courtesy of vectorolie/FreeDigitalPhotos.net

Image courtesy of vectorolie/FreeDigitalPhotos.net

Not that this should come as any great surprise, but Malaysia Airlines is getting a major fiscal facelift. The Malaysian government picked up the tab on the embattled airline for the bargain price of $516 million. Ironically, the company will now be privately held by a government. Considering the airline saw two downed planes – of course, through no fault of its own – travelers aren’t exactly clamoring to get onto its flights. Well, that and the fact that Malaysian Airlines also can’t compete with some of its more budget friendlier regional competition.  Incidentally, up until these two catastrophic flights, the airline had a superb record of safety.

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One response to “Watch What You Say Argentina, You’re FICO Kidding Me and Malaysia Airlines Gets Overhauled

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