F.H.A. Rule Changes for Mortgage Borrowers
HOME buyers with sketchy credit who are unable to qualify for conventional mortgages… [more]
Overpumping the Worlds Water
Study: Overpumping Draws Down the World’s Groundwater Reserves Groundwater depletion… [more]
GM says IPO grows to $23.1 billion
By Alistair Barr, MarketWatch SAN FRANCISCO (MarketWatch) — General Motors Co.… [more]
Courts Helping Banks
By Matt Taibbi | Rolling Stone.com Nov 10, 2010 2:35 PM EST Courts Helping… [more]
With Europe Plan in Place, All Eyes Turn to Fed
On the heels of the Eurozone debt -- European leaders' decision to increase their… [more]
Deal brings relief to Euro-zone
Relief coupled with apprehension were the emotions that dominated on Thursday following… [more]
News
Deal brings relief to Euro-zone
Relief coupled with apprehension were the emotions that dominated on Thursday following the Euro-zone agreement reached after tough negotiations that lasted into the early hours of the morning. Markets reacted favourably registering a rise of up to five per cent and stocks of French and German banks (which hold a major part of the Greek [...]
With Europe Plan in Place, All Eyes Turn to Fed
On the heels of the Eurozone debt — European leaders’ decision to increase their bailout fund to €1 trillion or $1.4 trillion and encourage banks owning Greek debt to accept at 50 percent loss (“haircut”), investor attention turns to the U.S. Federal Reserve’s next move: is a stand-pat stance likely or is quantitative easing, part [...]
Economy
The study that shows why Occupy Wall Street struck a nerve
The hard-right conservatives who dominate the Republican Party claim to despise the redistribution of wealth, but secretly they love it — as long as the process involves depriving the poor and middle class to benefit the rich, not the other way around. That is precisely what has been happening, as a jaw-dropping new report by [...]
The Path Not Taken
Financial markets are cheering the deal that emerged from Brussels early Thursday morning. Indeed, relative to what could have happened — an acrimonious failure to agree on anything — the fact that European leaders agreed on something, however vague the details and however inadequate it may prove, is a positive development. But it’s worth stepping [...]
Finance
Diamondback & Grand Jury Subpoena
Diamondback Hedge Fund Gets U.S. Grand Jury Subpoena Bloomberg | by: Saijel Kishan and Patricia Hurtado Diamondback Capital Management LLC, one of three hedge funds raided by the FBI last week, said it received a federal grand jury subpoena and is cooperating in a U.S. probe that it said includes research consultants. The firm, based [...]
Fed’s Other Asset-Buying Effort
Don’t Forget About the Fed’s Other Asset-Buying Effort Atlantic.com | by: Daniel Indiviglio In early November, the Federal Reserve Open Market Committee (FOMC) decided to begin a new program to buy $600 billion in longer-term Treasury securities. It would do so by purchasing $75 billion per month for eight months. But that isn’t the whole [...]
Asian Stocks Decline
Asian Stocks Pare Gain as Dollar Rises on Koreas, Ireland Aid By Shiyin Chen | Bloomberg.com Asian stocks pared gains and the dollar rose to a two-month high as escalating tensions in the Korean peninsula offset investor optimism over Ireland’s 85 billion-euro ($113 billion) bailout. The MSCI Asia Pacific Index was rose 0.1 percent to [...]
