
“In commercial real estate and leveraged buyouts, the bloodletting is yet to come,” Soros said in a speech in Europe.
These so-called economists — who are no better at predicting economics than weatherman can predict snow falls — call the recession over, but the recession won’t be truly over until people get back to work [...]
November 30, 2009 | Posted in
Real Estate |
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” Go ahead. Break the chains. Stop paying on your mortgage if you owe more than the house is worth. And most important: Don’t feel guilty about it. Don’t think you’re doing something morally wrong.” –message of a new academic paper by Brent T. White.
Don’t just walk away too quick. Many (banks, mortgage companies) aren’t [...]
November 30, 2009 | Posted in
Repossession |
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“The ‘Second American Revolution’ Has Begun”
Russian Military Analysts are reporting to Prime Minister Putin that US President Barack Obama has issued orders to his Northern Command’s (USNORTHCOM) top leader, US Air Force General Gene Renuart, to “begin immediately” increasing his military forces to 1 million troops by January 30, 2010, in what these reports warn [...]
November 30, 2009 | Posted in
North America |
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“The cost of money just got a lot more expensive for everyone.” — Citizens Bank commentary
Now, just as Bear Stearns was a harbinger of a string of failures of overly leveraged investment banks, the concern is that Dubai could be the canary in the coal mine for heavily indebted countries. The debts of everyone, including [...]
November 30, 2009 | Posted in
Bankruptcy |
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“There was a time when investment in this country meant to borrow money to increase manufacturing capacity, research and development. Now investment funds are used for mergers and acquisitions that create no wealth.”
As long as there is a financial gain associated with a function that should fall under the category of public affairs, there will [...]
November 28, 2009 | Posted in
Deindustrialization |
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Nearly 12 years of incompetence of this government’s work and the cracks show in the economy of the United Kingdom, but we should lay the blame where it started: Margaret Thatcher! She began the destruction of the manufacturing base of the United Kingdom, deregulation of the financial system, backed by the oil economy of the [...]
November 28, 2009 | Posted in
Europe |
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People forget the reason Adolph Hitler came into power was due to the Great Depression. People forget the political consequences of economic greed, corruption and bubble creation is always the rise of a strong man to deal with the chaos.
The question is: Should Dubai borrowed money to Creditor build projects and money raised from investors [...]
November 27, 2009 | Posted in
Eurasia |
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“Even if we were to return to the funding levels we’ve had in recent years, we cannot continue to sustain viable operations in all 56 armories across the state,” Bunting said. “This is a challenging time requiring difficult choices.”
Kan. National Guard to close 18 armories
By John Milburn – The Associated Press
Posted : Wednesday Nov 25, [...]
November 27, 2009 | Posted in
North America |
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“This is hitting us hard,” said Nelson Romero, president of the National Port Drivers Assn., a group that says it has more than 1,000 members and is seeking to extend the Jan. 1 deadline. “It’s not fair that everything falls on us.”
Doomsday looming for many truckers at Los Angeles and Long Beach ports
Clean-air guidelines banning [...]
November 27, 2009 | Posted in
Deindustrialization |
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“We’ll start paying it down once we’re back in surplus,” Flaherty said.
There is a pool of money untapped by government: the practice of undeclared barter. When an individual says to you “That will cost so much if you pay by cheque but 20% less if you pay cash you know that the cash payment [...]
November 27, 2009 | Posted in
North America |
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