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President George W Bush has made his farewell speech to the United Nations, offering assurances of his commitment to stabilising world markets threatened by the American financial crisis.

North America correspondent Michael Rowland reports that Mr Bush has told the UN General Assembly the US government had taken bold steps to avoid a severe disruption to the US economy which in turn could have had a devastating gloal impact.

He has used his speech, his last to the UN as US President, to underscore the speed with which he was addressing the problem.

"I can assure you that my administration and our Congress are working together to quickly pass legislation approving this strategy and I'm confident we will act in the urgent timeframe required," Mr Bush said.

The UN Secretary General Ban Ki Moon has expressed fears the financial crisis could jeopardise the UN's plans to reduce world poverty.

But resentment is growing on both sides of the US political divide over a plan to bail out Wall Street firms with bad mortgage debt.

Consumers struggling with unsustainable amounts of debt need not risk losing their assets and going into bankruptcy, as a reputable organisation can help work out a suitable solution to their problems, it has been claimed.

Michael Richardson, a financial follower of DebtBuster Loans, believes seeking professional help during times of economic difficulty is crucial in ensuring affairs are handled in the appropriate manner.

He claims low-cost solutions are available to consumers but enlisting the assistance of qualified persons is necessary to make sure the correct plan of action is put in place to stop people losing their home and possessions.

"There are a lot of opportunities but only a few professional or expert companies will give to their clients the right solution…it is better to find a solution from an expert or a specialised company than risk losing your assets and go into bankruptcy," Mr Richardson said.

According to DebtBuster Loans, bankruptcy need not be considered as an option because more suitable options are available such individual voluntary arrangements which can eliminate a large percentage of debt and organise the remainder into monthly payments over a five-year period.

A group of community activists and State Rep. Mary Moore said today the county should increase property taxes and impose non-user fees on water customers to resolve the county's $3.2 billion sewer debt crisis. At a Friday, Aug. 29, 2008, news conference, advocates distributed this outline of the plan:

The People's Plan for Dealing With Jefferson County Sewer Crisis!!
The People in District One and District Two of Jefferson County (80 percent of whom are black) have formulated a plan to deal with the present sewer crisis.
We feel that all other plans have failed to recognize the disparity that the 329 percent in crease in sewer rates have had on the poorest citizens in the county. $3.2 billion was distributed among white contractors, lawyers and bond dealers, and blacks received only $900,000 (less than 1/3 of 1 percent). Now Governor Riley is purposing a plan that might include bankruptcy, which will leave the burden of this debt solely on the backs of the poor.

1. We propose that a clean water fee be imposed on every Jefferson Co. water customer who is not connected to the sewer.
2. We propose that impact fees be increased on commercial and subdivision development s that reflect the regional average.
3. We propose that all new subdivisions be mandated to connect to the sewer if trunk lines are available.
4. We propsoe that all septic tanks be inspected for clean water compliance.
5. We propose that an Advalorem tax increase be initated to pay sewer debt.
6. We propose that ratepayers only be charged for opeartions and maintenance.
6. We propsoet hat the County repay to bondholders the $400 million that they still have from the oriiginal loan to reduce the debt.
8. We propose that if the County fails to act on these proposals that the Cities of Birmingham, Bessemer and Fairfield (136,000 of the 146,000 rate payers) initiatie Rebate and lease programs to return their citizens to high tech septic tanks.
9. We propsoe that legal class action be taken against the County to relieve the poorest citizens from this burden.
10. Create a Sewer Authority to manage sewer operations.
11. We will ask Brmingham Water Works to stop telling people that if they don't pay sewer bills, their water will be cut off.

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