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Wed Aug 28 16:49:09 CEST 2013


Bad Credit or No Credit is Not a Disqualifier

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WASHINGTON  The Obama administration on Wednesday appealed a federal judge's 
order to lift all age limits on who can buy morning-after birth 
control pills without a prescription.In appealing the ruling, the administration 
recommitted itself to a position Obama took during his re-election campaign 
that younger teens shouldn't have unabated access to emergency contraceptives, 
despite the insistence by physicians groups and much of his Democratic base 
that the pill should be readily available.A day earlier, the Food and 
Drug Administration lowered the age that people can buy the Plan B 
One-Step morning-after pill without a prescription to 15 -- younger than 
the current limit of 17 -- and decided that the pill could 
be sold on drugstore shelves near the condoms, instead of locked behind 
pharmacy counters.That decision appeared to fly in the face of a judge's 
decision last month that women of any age should be allowed to 
buy both Plan B and its cheaper generic competition as easily as 
they can buy aspirin. U.S. District Judge Edward Korman of New York 
gave the FDA 30 days to comply, and the Monday deadline was 
approaching fast, prompting the administration on Wednesday to ask the court 
to put the ruling on hold while it reconsiders.With the appeal, the 
Obama administration is making clear that it's willing to ease access to 
emergency contraception only a certain amount -- not nearly as broadly as 
doctors' groups and contraception advocates h
FRANKFURT, Germany  The European Central Bank and its president, Mario Draghi, 
have played a key role in fighting the government debt crisis afflicting 
the 17 European Union member countries that use the euro.The ECB is 
the issuer of the euro currency and serves as the top monetary 
authority for the eurozone and its 333 million people.Some of its key 
steps have been:LOWER INTEREST RATES: The ECB has cut its key interest 
rate four times since Draghi become president. This month the ECB lowered 
the so-called main refinancing rate further by a quarter-point to a record 
low of 0.5 percent.The refinancing rate is what the bank charges on 
the credit it offers to eurozone banks and thereby influences interest rates 
on the loans banks provide to each other, businesses and consumers. Theoretically, 
a lower rate means cheaper borrowing costs and more incentive to borrow 
money and expand a business. In practice, a slack economy has meant 
weak demand for loans.UNLIMITED BOND BUYS:  In 2012, high borrowing costs 
were threatening to push indebted countries such as Italy and Spain into 
a financial collapse that could have broken up the euro.Draghi took a 
major step toward calming the eurozone crisis by announcing last year that 
"within our mandate, the ECB is ready to do whatever it takes 
to preserve the euro."The ECB followed through on Sept. 6 by offering 
to purchase unlimited amounts of bonds issued by heavily indebted countries, 
lowering their bor

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