Entering phase two of the credit crunch, buy gold and silver « Peter J. Coop...

The real credit losses for global banks may just be starting as defaults emerge on credit cards, car loans and corporate loans. This will be the stage two of the global credit crunch as markets move out of the eye...

Taking the inside of the house with you

" “If no-money-down was the real estate password for the first half of the 2000s, “jingle-mail” might be the word for rest of it.” Says Michael Pollick in Herald Tribune on Thursday, 15 May 2008 CNBC asked...

Federal Disaster Assistance Tops $8.3 Million For Two Illinois Counties

"BLOOMINGTON, Ill. -- Federal disaster assistance totals for eligible Iroquois and Livingston County residents topped $8.3 million last night with just a few days left until the May 6 registration deadline.This total includes Federal Emergency Management Agency (FEMA) grants...

American bourses bouncing back

After a couple of month's bearish trend, American stock market is slowly recovering and even junks bonds are rallying. " Main Street may be struggling, but Wall Street is on a bit of a roll.Despite a drumbeat of bad economic news, the stock market is up — almost 11 percent...

Major Hillraiser, Chile Amb. Guerra-Mondragon is now Hot for Obama

former Amb. to Chile Gabriel Guerra-Mondragon is Hot for Obama"From NBC's Chuck ToddOne of the things that both Dem campaigns are always nervous about is defectors. In particular, Clinton is more vulnerable to this problem since she's the candidate that is trailing. Well, NBC...

US mortgage crisis may cost $945 billion worldwide: IMF

It looks like Nouriel Roubindi was right about 1 billion being the new size 6."WASHINGTON (AFP) - The International Monetary Fund said Tuesday the worldwide losses stemming from the US subprime mortgage crisis...

Foreclosures come to McMansion country

This shouldn't be news to anyone who's been following the US markets over the last 2 years but it looks like we'll all be able to pick up a well priced flatscreen on ebay sometime in the near future.  "Poor...

McCain Addresses Housing Crisis : No Pandering, Lenders called on to Help

McCain Addresses Housing Crisis : Lenders called on to Help John McCain made it clear in his speech today that lenders have a reproducibility to make the terms clear to borrowers and Those seeking loans should...

JPMorgan to buy Bear Stearns for 236 million

It is shocking to see the nation's fifth-largest investment bank get picked up for just over 200 million.  The piddling price tag for an organization of this size shows how bad it is out there." ...

Foreclouser - bailout is going to be dead-on-arrival

"   According to the The Associated Press (Alan Zibel 03/02/08). The word bailout isn’t popular in Washington, D.C., these days, so the efforts by both political parties to clean up the housing mess are all skirting the issue. "Anything that can be described as a...

The Color of Subprime

"Rich people don't particularly mind talk about helping poor people -- unless that talk starts linking the wealth of the one to the poverty of the other. Take, for instance, the mess around subprime mortgages. That's just what United for a Fair-Economy has done in State of...

US govt cuts interest rate amid global stock sell-off

"The Federal Reserve has cut a key interest rate amid a global stock sell-off. The Fed is cutting the federal funds rate to 3 and a-half percent, from 4 and a-quarter. The rate is what banks charge each other on...

Pertamina to lift investment by 50 percent

"Indonesia is Asia Pacific's only member of OPEC, but ageing fields and lack of investment has made the country a net crude oil importer since 2006, although it is still a net energy exporter, thanks to a huge supply of natural gas and coal.The country is also Asia's largest...

Broke but not out! Free E-book get your 2008 started

As the 2008 New Year gears up and 2007 now behind us, some will be cheering, some will be wonder what to expect next. Funny how life goes with all the twist and turns, some for the good, some not so good, as we reflect over 2007 going out, do we look with relief, or with a...

African Explorer

  SCORPIONS EVERYWHERE!!! African Jungle life and Exploration, also, the Gold Mining operations in West Africa. When you spend most of your life, in the jungles, with sickneses, scorpions, snakes,...

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