[email_link] HONG KONG—Real-estate prices are falling across much of Asia as government measures to rein in once-booming prices start to bite and the slowing global economy hits export-dependent economies. The slowdown ends years of increases that have driven prices up by 70% or more since the start of 2009 in the hottest markets, spurred by…
[email_link] Daniel Mudd, the former chief executive officer of Fannie Mae, and Richard Syron, ex-CEO of Freddie Mac, were sued by the U.S. Securities and Exchange Commission for understating by hundreds of billions of dollars the subprime loans held by the agencies. The lawsuits filed today in Manhattan federal court were followed by an SEC statement that…
[email_link] Data on sales of previously owned U.S. homes from 2007 through October this year will be revised down next week because of double counting, indicating a much weaker housing market than previously thought. The National Association of Realtors said a benchmarking exercise had revealed that some properties were listed more than once, and in…
Chart courtesy of StockCharts.com Gold has broke below its 150 day moving average the first time since January of 09. Since that time, gold has tagged this long term moving average 9 times…most to the penny. If it cannot get back above within the next week, I would consider it a major breakdown of consequence….
[email_link] On Tuesday, President Obama went to Osawatomie High School in Kansas to deliver an address framing the economic issues for the 2012 election. He was following in the footsteps of turn of the century “progressive” Teddy Roosevelt, who spoke at that same site 100 years ago to rail against big corporations and the privileged,…
[email_link] Five Big Lies In Obama’s Fairness Speech Election ’12: One thing is certainly true about President Obama – no matter how many times people point out the falsehoods in his speeches, he just keeps making them. Case in point: his latest “economic fairness” address. In that speech Tuesday, Obama once again tried to build a…
[email_link] Just more wealth redistribution but not from the rich to the poor but the rich to the government. Albany – Gov. Andrew M. Cuomo and legislative leaders on Tuesday announced that they had reached an agreement to raise taxes on New York State’s wealthiest residents as part of a deal to overhaul the tax…
[email_link] High school dropouts on average receive $1,500 a year more from government than they pay in taxes because they are more likely to get benefits or to be in prison, according to a U.S. study released on Wednesday. “Dropping out of high school before receiving a high school diploma places a substantial fiscal burden on the rest…
[email_link] 100 Incredible Views Out Of Airplane Windows 1. London, England Continued SOURCE: http://www.buzzfeed.com
[email_link] A Seattle woman who is receiving welfare assistance from Washington state also happens to live in a waterfront house on Lake Washington worth more than a million dollars. Federal agents raided the home this weekend but have not released the woman or her husband’s name because they have not officially been charged with a crime….
