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Is compound interest preventing you from paying down your credit card debt?

Would a card with a super long 0% intro APR period on both purchases and balance transfers get your attention?

I’m sure it would because zero APR credit cards is a great way to pay down the balance by simply transferring it from your high interest card to a new 0 percent interest card.

But you want to make sure that you pay off the balance before the introductory rate ends. Many of the offers you’ll see range from 3 to 6 months which may not be enough time.

So let’s review some of the top credit cards offering a 0% introductory rate:

Discover More Card

This card offers the best of both worlds because you have a zero percent APR on both transfers and purchases for 15 months. Even

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Expanding globally and marketing to the next generation customer are Wal-Mart’s long-term goals, its CEO told shareholders Friday, but the company also needs to fix slumping U.S. sales.
Wal-Mart President and CEO Mike Duke outlined a five-point program at the company’s annual meeting to help the company sell more on the Internet at home and abroad while keeping costs and prices low.
He commented that their next-generation customer will include millions who are striving to join the emerging global middle class. They’re connected to the world through smartphones and social media. Full Article…

While it is difficult for economists to agree on anything, in Canada they generally agree that one of the countrys major challenges is its abysmal productivity growth.

This shortcoming is frequently highlighted by the Bank of Canada, the Organisation for Economic Cooperation and Development and the International Monetary Fund and mars an otherwise very positive economic report card.

Although Canadas overall productivity performance is definitely sub-par, a recent analysis by economists Ricardo de Avillez and Chris Ross at the Centre for the Study of Living Standards reveals that over the period 1997 to 2007 productivity in some parts of the country was significantly better than it was in others.

For example, among the ten provinces, annual growth of labour productivity in Newfoundland and Labrador averaged 4.8%, almost three times faster than the 1.7% rate recorded by the country as a whole.

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SOMERSET – The townwide drinking water ban in effect in Somerset has affected local business, including some restaurants that decided to close for the day on Wednesday, The Herald News reported.

The drinking water ban was put in place after a company that did not have permission to do so, hooked into a fire hydrant for hydroseeding, which caused the material, which contains some fertilizer, to back into the public water supply.

Town officials are waiting for the results of a water supply test before lifting the ban which was in effect as of Thursday morning.

The company, Hydrograss Technologies, could be charged with larceny of town water and wanton injury to property, and be held responsible for the estimated $20,000 bill for ban-related costs. <

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Piccolino 300

A CONSORTIUM including Iceland founder Malcolm Walker has taken a big step forward in gaining full control of Piccolino’s owner Individual Restaurant Company after securing 75% of the share capital.

W2D2 announced in April that it intended to delist the company from the Alternative Investment Market. At that stage it had 53.63% of IRC’s shares and made an all-cash offer of 9.5p per IRC share, 1p higher than the closing price prior to the announcement.

By the close of the initial offer period, 1pm on Wednesday, it had increased its stake to 69.51% and since then increased its holdings to 75.77%.

This means that W2D2 will now begin the process of delisting from AIM, which IRC joined in 2006 after a reverse takeover of Bank Restaurant Group.

W2D2 is a vehicle named after its four investors – IRC chief executive, Steven Walker, Malcolm Walker , Iceland’s finance director Tarsem Dhaliwal and Paul Dawes.

IRC, which is holding its annual general meeting today, said sales growth seen at the start of the year has continued in recent weeks. It oper

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After the earthquake and tsunami, Japan has a rise in unemployment for the first time in six months. A record drop in was also felt in industrial production.
The twin disasters have already sent Japan’s economy back into recession and Moody’s Investors Service warned Tuesday it could downgrade Japan’s sovereign credit rating due to the faltering economy and massive public debt.
The jobless rate edged up to 4.7 percent from 4.6 percent in March due to job losses in the retail and wholesale sectors, the Ministry of Internal Affairs and Communications said. Full Article…