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 Score: 5/10
Source: tycoonreport.tycoonresearch.com --- 3 hours ago
The more I hear about Freddie Mac (Symbol: FRE) and Fannie Mae (Symbol: FNM), the more I start to feel like I’m one of the kids in the scene from the movie “Stand By Me,” where the kids are crossing over the old wooden bridge. “Gordy” reached down and felt the train track for vibrations with his hand, turned around, and saw the giant puffs of black smoke making their way through the high trees. Then suddenly, he screamed at the top of his lungs, “TRAAAIN!!!!!!!” The Train Hasn't Passed Yet For anyone who thinks we are on the road to recovery, you are in for a rude awakening. As investors, we can make plenty of profits from the market’s volatility, but don’t get that confused with “economic recovery.” For those who don’t know, Fannie Mae and Freddie Mac are the two mortgage giants, bailed out by the government in the midst of the financial crisis, who buy mortgages originated by other banks. Between the two, and the Federal Housing Administration, they fund 9 out of 10 mortgages. Well, actually, since the government owns them, YOU fund 90% of the country’s mortgages. So let’s talk about how YOUR real estate portfolio is doing, shall we? Mortgage delinquencies are piling up, and we haven’t even begun to understand what the peak is going to look like. With the different forms of shadow inventory (i.e., the amount of homes that have mortgages that are behind on payments and are facing potential liquidation), we have no clear underst ...
Source: www.theglobeandmail.com --- 3 days ago
United States government spends $2.5-million on Sunday advertising blitz to boost census ... Source: www.libertysarmy.com --- 4 days ago
Watch the latest news video at video.foxnews.com ... Source: primebuzz.kcstar.com --- 4 days ago
from cnn When Annie Brown's daughter, Isabel , was a month old, her pediatrician asked Brown and her husband to sit down because he had some bad news to tell them: Isabel carried a gene that put her at risk for cystic fibrosis. While grateful to have the information -- Isabel received further testing and she doesn't have the disease -- the Mankato, Minnesota, couple wondered how the doctor knew about Isabel's genes in the first place. After all, they'd never consented to genetic testing. It's simple, the pediatrician answered: Newborn babies in the United States are routinely screened for a panel of genetic diseases. Since the testing is mandated by the government, it's often done without the parents' consent, according to Brad Therrell, director of the National Newborn Screening & Genetics Resource Center . read more ... Source: www.courthousenews.com --- 5 days ago
PHILADELPHIA (CN) - Of all the Simon Legrees - Uncle Sam? A charity that runs a housing project for 350 poor old people says the Department of Housing and Urban Development is foreclosing and will not grant an appeal, though the charity is willing and able to cure any alleged defaults. The Brith Sholom Foundation says the foreclosure is based on a faulty inspection that deducted points because of the condition of apartments that were unoccupied and being renovated. ... Source: detroit.dbusinessnews.com --- 5 days ago
Pittsburgh - Pittsburgh, PA The Pittsburgh Airport Marriott announces a bang for your buck rate for government travelers. Located five miles from the greater Pittsburgh International airport, this Pittsburgh per diem hotel offers accommodations near the airport that are convenient to the downtown business sector. ... Source: blogs.moneycentral.msn.com --- 5 days ago
... Source: www.csmonitor.com --- 5 days ago
Consistent pressure from US safety officials finally pushed Toyota into recalls and halting sales of potentially dangerous vehicles. ... Source: www.businessweek.com --- 6 days ago
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Source: www.thenewsroom.com --- 6 days ago
How you can pay off $5,000 in debt over the next year thanks to Uncle Sam. ... Source: digg.originalsignal.com --- 6 days ago
For pay of $525 over seven months, U.S. government-funded researchers are looking for people to voluntarily be injected with smallpox to make the vaccine stronger, in the event of a bio-terrorism attack. The highly infectious disease was declared eradicated in 1980. ... Source: socialblade.com --- 6 days ago
For pay of $525 over seven months, U.S. government-funded researchers are looking for people to voluntarily be injected with smallpox to make the vaccine stronger, in the event of a bio-terrorism attack. The highly infectious disease was declared eradicated in 1980. SocialBlade.com Popping Statistics: [Diggs: 47] [Friendly Diggs: 57%] [Comments: 3] [Wait Time: 00:02:30:50] [Diggs Per Hour: 19] [Submitted by: DahRecords ] [via Digg ] ... Source: www.moneytalksnews.com --- 6 days ago
Most of the money I suggest harnessing for debt destruction comes in dribs and drabs from doing things like smart shopping and avoiding dumb deals. But sometimes there's something big you can do. This is one of those times. ... Source: www.themoneyblogs.com --- 6 days ago
You've been working for a month now. You've gotten a paycheck or two (or more). Now it's time to evaluate how much of your money is going to the IRS each payday. read more » ... Source: www.ny1.com --- 6 days ago
Officials are letting city residents know that the Food Bank For New York City is offering free help on filing taxes, and that New Yorkers who made less than $48,000 last year are eligible for the Earned Income Tax Credit. ... Source: xpostfactoid.blogspot.com --- 6 days ago
Compare Larry Summers' message at Davos (relayed by Gideon Rachman) to Paul Krugman's shot across China's bow back on New Year's Day. Summers : Larry Summers, the chief economic adviser in the White House, was rather more subtle in his flirtation with protectionism. He told the Davos audience that one in five American men aged between their mid-20s and their mid-50s is now out of work. In the 1960s, he pointed out, 95 per cent of this age cohort had been employed. Mr Summers was careful to say that the US remains committed to open trade and can gain from globalisation. But he also pointed out that Paul Samuelson, a famous economist (and Uncle of Mr Summers), had argued that the case for free trade might not apply when countries were trading with nations that were pursuing mercantilist policies. The reference to China did not need to be spelled out. Krugman : I usually hear two reasons for not confronting China over its [mercantilist] policies. Neither holds water.... Second, there’s the claim that protectionism is always a bad thing, in any circumstances. If that’s what you believe, however, you learned Econ 101 from the wrong people — because when unemployment is high and the government can’t restore full employment, the usual rules don’t apply. Let me quote from a classic paper by the late Paul Samuelson, who more or less created modern economics: “With employment less than full ... all the debunked mercantilistic arguments” — that ... See also: Uncle Sam |
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