Mortgage and Financial News From 2008-8-16 Page 7

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• Republican races in districts 1 and 3 (Bay News 9 Tampa Bay)

  Stabins is the District 1 incumbent, first elected in 2004. Burmann, a 22-year resident of Hernando County has worked in a variety of industries locally, including business, retail and construction. He now works as a home inspector.
  2008-08-16 08:23:10

• Space Shuttle STS-124 Astronauts to Visit NASA's Marshall Center Aug. 19 (SpaceRef)

  Space Shuttle STS-124 Astronauts to Visit NASA's Marshall Center Aug. 19
  2008-08-16 08:34:57

• Martin Hawes : Forget the stigma - renting saves money (The New Zealand Herald)

  Negative equity - the worst thing that can happen to property owners - is when the value of the house is less than the mortgage and you are well and truly out the back door.
  2008-08-16 10:30:25

• Suburban San Diego Office Building Trades in $25M Deal (Commercial Property News)

  REal Talk with Adam Perrotta-Friday August 15, 2008 By Adam Perrotta, News Writer --Interesting news out of Mexico today, with the commencement of construction on a $150 million wellness resort and spa featuring an upscale condo hotel.
  2008-08-16 11:14:03

• How the Smart Money Lost $1 Trillion, So Far (GoldSeek.com)

  "It does not matter how sharp you sharpen a buzz saw that is set at the wrong angle. It will not cut straight." ~ Cornelius Van Til.
  2008-08-16 01:36:09

• We should tax the rich, not the middle class (Times Online)

  In a “silly season” dominated by leadership speculation and unhelpful, anonymous factional briefings, it is time Labour focused on both the national interest and party’s best interests.
  2008-08-16 02:19:02

• Left Behind (Burlington Times-News)

  What happens to the children and the stuff of deported immigrants? For those living in the United States illegally, deportation does not only mean a trip back home.
  2008-08-16 02:22:58

• Buy-to-let landlords: how to avoid repossession - Daily Telegraph

  Repossessions are on the rise. Last week the Council of Mortgage Lenders (CML) reported that the number of repossessions in the first half of this year was 18,900, up 48pc on the same period in 2007. The number of loans more than three months in ...
  2008-08-15 05:25:00

• An economic Cassandra whose predictions are coming true (International Herald Tribune)

  Over the past year, whenever optimists have declared the worst of the economic crisis behind us, Nouriel Roubini of New York University has countered with steadfast pessimism. Roubini has been right.
  2008-08-16 06:08:46

• South Wales repossessions soar (icWales)

  HUNDREDS of South Wales families are facing homelessness as repossessions rocket by more than 80% in some areas.
  2008-08-16 06:17:42

• Rescue of troubled Pittsburgh casino gets state’s OK (The Beaver County Times)

  HARRISBURG — The roar of construction trucks and cranes is expected to return within days to the site of a stalled Pittsburgh casino project after state regulators approved a plan Thursday by new investors to rescue the venture from the brink of bankruptcy.
  2008-08-16 06:18:59

• A Bull on Energy, A Bear on Nearly Everything Else (CattleNetwork.com)

  Eric Sprott is a down to Earth -- and controversial -- kind of guy.
  2008-08-16 06:28:06

• Big lenders and life assurers should know better (Independent Online)

  First National Bank (FNB) has had a bit of a nightmare since the banking ombudsman, Clive Pillay, exposed that the bank was revisiting mortgage bonds granted in principle for properties in developments that have yet to be completed. This creates enormous risks for buyers, who stand to lose their deposits, and also for developers, who could find themselves without new buyers in the current ...
  2008-08-16 06:42:44

• Credit card debt hits record (News Interactive)

  AUSTRALIANS owe a record $44 billion on credit cards as spiralling living costs force them to put everyday expenses on plastic.
  2008-08-16 07:45:00

• Rivals Differ (a Bit) on Financial Market Rules (New York Times)

  Financial scandals and a quarter century of deregulation will give way to new big-government regulation no matter who wins the White House.
  2008-08-16 10:31:09

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