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Widespread corruption also played a big role for the current woeful situation. The problems in the infrastructure sector has also affected the financial sector, with most government owned banks being forced to deal with large NPAs of the infrastructure sector. This has reduced credit growth to the economy..
Alberto Granado was born in 1922 in Hernando, in Argentina's Crdoba province, to a Spanish born railway employee known for his militant union stance. It was after moving to the state capital, Crdoba, that Alberto met the teenager Ernesto Guevara. Granado had obtained a Master of Sciences degree in biochemistry by the time he and Guevara, two decades before Easy Rider, decided to "discover South America" on board the Norton motorbike on which Granado had lavished his life savings US$800 and which he nicknamed "La Poderosa".
Another unique aspect of Hawala is the importance of trust between the parties involved. It is worth noting that one of the meanings attached to the word Hawala is trust! Even though Hawala is illegal from a regulatory standpoint, hawaladars widely advertise their services in ethnic newspapers as well as on the internet. The term 'white Hawala' refers to legitimate transactions whereas 'Black Hawala' connotes illegitimate transactions.
A Red Cross vehicle arrives at a family gathering point for the Navy Yard shootings set up at parking lot B of Nationals Park on September 16, 2013 in Washington, DC. A shooting rampage Monday at a US naval base in the heart of Washington claimed at least 12 lives, including the unidentified gunman, while another possible suspect was still at large, police said. The shooting sparked a massive show of force as police and federal agents surrounded the Navy Yard, cordoning off streets only blocks from the US Capitol, home of Congress.