Hear The Train A Comin'

I know nothing about economics or finances. However, it would seem to me that the things which have led to this current financial crisis isn't anything new. It's been going on for a while now. The housing market...

Burning Through Billions

"I thought it was expensive in Vancouver… So far this week the US fed has committed: AIG= $85 billion Fannie Mae and Freddie Mac=$200 billion Federal Housing Administration to refinance failing mortgage into new, reduced-principal loans with a federal guarantee, passed as...

Paulson readies the 'bazooka'

"Paulson readies the 'bazooka'Big buyers of Fannie Mae and Freddie Mac debt have been shying away. The Treasury secretary wants to coax them back.By Colin Barr, senior writerLast Updated: September 7, 2008: 9:56 AM EDT Special Report Rescue cost: The big...

US jobless rate jumps to 6.1% as 84,000 jobs cut

" 05/09/2008 13h12.WASHINGTON (AFP) - The US unemployment rate jumped to a five-year high of 6.1 percent as 84,000 jobs were slashed, according to a government report Friday suggesting fragile economic conditions....

Grey Britain has more pensioners than children

"Pensioners outnumber children for the first time as more and more people live longer, new figures show. The fastest-growing pensioner group is the over-80s, who are benefiting from improved diets and healthcare. Figures from the Office for National Statistics (ONS) show...

Dream home, out of bounds

MUKESH, in his early twenties, was working as Sales Executive for a Noida-based mid-size company. As his marriage was about to be finalised, he started looking out for a flat that his meagre budget allowed. ...

Residential building land value drops 20pc

Falling UK land values are fuelling lower house prices with industry leaders asking the Government for urgent and immediate action....People are opting to rent rather than buy/sell and the North of England is the least expensive place to live...."Residential building land,...

Symmetrical bodies wow the opposite sex

Well perfect symemetry seems to be the key to attraction according to scientists but perfection in symmetrical terms might for some feel too near to perfect which is why perhaps many of our most iconic actors,...

Patrick.net headlines for 8/15

Fri Aug 15 2008U.S. Foreclosures Rise 55%, Bank Seizures Reach High (bloomberg.com)Hawaii foreclosures in July up 169% over last year (honoluluadvertiser.com)S.F. houseowners want property values reduced...

U.S. Home Sales Fall to 10-Year Low as Prices Tumble

Aug. 14 (Bloomberg) -- Existing U.S. home sales fell to a 10-year low in the second quarter and the median price for a single-family house dropped 7.6 percent as the real estate recession deepened. The median price tumbled to $206,500 from $223,500 a year earlier, the...

Today's Patrick.net headlines

Thu Aug 14 2008House sellers suffering huge losses (biz.yahoo.com)40% of metro Denver houses sold at loss (denverpost.com)Bank Failures Rise, but Critics Say "Not Fast Enough" (washingtonpost.com)Vineyard Bancshares falls 45% as customers pull funds (marketwatch.com)Fannie,...

Georgia conflict: Screams of the injured rise from residential streets

Innocent people are the victim of all this. Many building and apartment damaged by Russian airstrike." The ground shook and a series of explosions rippled through the air. From the middle of a housing estate in...

Ed McMahon Lowers the price of his home 1.9 million

With a first and second mortgage totaling 5.1 million, 42k in annual property taxes and 644,000 in arrears, Ed McMahon has lowered the price of his home to 4.6 million. Zillows estimated appraisal is 3.2 million....

Erin Brockovitch has her eye on the homebuilding industry | New Home Builders...

http://twusea.org/blog/2008/08/10/erin-brockovitch-has-her-eye-on-the-homebuilding-industry-new-home-builders-newsblogcom/      New Home Builders NewsBlog.comThe uniquely original New Home Builders NewsBlog is actively engaged in "Strengthening...

Yesterday's news article list on Patrick.net

Fri Aug 8 2008 Accounting Games Mask True Financial Pain (finance.yahoo.com) Housing Bill - Legislating Private Profits (solari.com) Housing crisis: No funny money (seattlepi.nwsource.com) Fannie, Freddie Reality: The Big Bailout Is Coming (Mish) Freddie Mac's Big Loss...

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