U.S. House Prices Keep Climbing with a 1.2% Rise in June

Integrated Asset Services(www.iasreo.com) today released its IAS360 House Price Index (HPI). Based upon the timeliest and most granular data available in the industry, the index for national house prices moved ahead another 1.2% in June.   With June’s gains--the...

This Is Not A Normal Recession: Moving on to Plan B

""The Winter of 2008-2009 will prove to be the winter of global economic discontent that marks the rejection of the flawed ideology that unregulated global financial markets promote financial innovation, market efficiency, unhampered growth and endless prosperity while...

Solving the Foreclosure Crisis – How can we fix the process?

"As discussed previously, the pooling and servicing agreement requires the servicer to forward payment to the securitized trust regardless of whether the borrower is making the mortgage payment.  This must continue until the loan is removed from the trust, and that can...

Argentina passes pension takeover

Private pensions are no more in Argentina. The Senate approved the nationalisation of 10 bank-owned pension funds. This is political move which was heavily criticised by the opposition to no...

Ecuador to miss $30.6 million foreign debt payment

"QUITO, Ecuador (AP) - Ecuador will delay a $30.6 million interest payment on its foreign debt while it investigates signs of lawbreaking in the contracts, the finance minister said Friday, prompting a quick...

No oxygen in the IMF ventilator

"By Mosharraf ZaidiThe News InternationalBeing of Pakistani origin qualifies an IMF employee to be as much of a Pakistani economy expert, as being of Pakistani origin qualifies a child that eats a lot of Krispy Kreme doughnuts to be an expert in Pakistani child nutrition....

Asian markets plunge after Wall Street slide

Taking cue from US stocks market of  Wednesday,  Asian stocks tumbled Thursday as fears that the world's biggest economies are shrinking sparked fresh panic, despite continued efforts by several governments to ease the financial crisis and bail out packages. The...

Daydreaming Brain Reveals Secrets of Comas and Consciousness

"Daydreaming Brain Reveals Secrets of Comas and Consciousness Options   Edit Add to group Delete Viewable by...

Future of Airlines Bleak As Fuel Prices Climb

In the wake of ever-increasing fuel costs, the nation’s airline industry is receiving more and more attention. Today, however, that attention came in the form of grim news as two industry-focused groups warned...

Oil Experts State to G8 Summit: "There's No Oil Shortage"

OpinionBarry Artiste, Now Public ContributorA statement many of us figured out, there is no Oil Shortage, just Oil speculators driving up the price of oil to bolster their profits, the trickle effect caused food...

Over 1,000,000 Strong and Growing - the U.S. Subprime Debacle Goes Prime

Between the information on Realitytrac.com (referenced below) and that from Forbes.com (ditto)it appears that while the housing crisis has faded from the head lines it is still running strong in reality land. Realtytrac is particularly useful because it gives a lot of hard...

British Government releases UFO files

The UK government has unveiled its secret UFO files, and the contents are sometimes surprising, sometimes amusing." The most comprehensive Government files on UFO activity are opened to the public for the first time today and they disclose that even air...

5 Things Google Really Doesn't Want You to Know

Google can make you or break you and according to their own data, 7 out of 10 are broken. This isn't because Google doesn't work - it does. You'd better believe it, but like anything else, you have...

Carlyle Creditors calls it quits - taxpayer to put the "free" in free market?

Consider it the newest economic domino in the line of the falling - " March 13 (Bloomberg) -- Carlyle Group's mortgage-bond fund, which received more than $400 million in margin calls since March 5, said it was...

Night of the Living Fed

"Night of the Living Fed Paul Krugman is writing about The Face-Slap Theory."The scariest thing I’ve read recently is a speech given last week by Tim Geithner, the president of the Federal Reserve Bank of New York. Mr. Geithner came as close as a Fed official can to...

closeSign in to NowPublic

is reporting from