TRUCKEE, Calif. – Clear Capital , is issuing this special alert on a dramatic change observed in U.S. home prices. “Clear Capital’s latest data shows even more pronounced price declines than our most recent HDI market report released two weeks ago,” said Dr. Alex Villacorta, senior statistician, Clear Capital. “At the national level, home prices […]
Despite Obama’s tax hikes and campaign against ‘tax cuts’ for the wealthy, broadcast evening news shows portray president as taxcutters’ champion. By Julia A. Seymour Wednesday, October 20, 2010 3:52 PM EDT Full Report Once upon a time, there was a nation besieged by what many called The Great Recession. The unemployment rate was climbing, […]
by Chana Ya’ar The 12 member nations of the Organization of Petroleum Exporting Countries (OPEC) have elected Iran, OPEC’s second-largest oil producer and one of its founding members, to become the organization’s 2011 president. Saudi Arabian Oil Minister Ali Al-Naimi announced Thursday the Islamic Republic would take up the rotating presidency in the 50-year-old organization […]
The unfolding foreclosure-processing debacle is causing bank stocks to slide and putting millions of delinquent borrowers in limbo. But how disruptive the crisis ultimately becomes—for homeowners, the housing market and the broader economy—depends on how quickly a number of technical problems and legal challenges are resolved in the months ahead. In essence, fast-paced modern finance […]
By: Forrest Jones The United States has piled on so much debt that world is going to abandon the dollar, says Jim Grant, founder and editor of “Grant’s Interest Rate Observer.” “By the numbers, we are more encumbered now than we have ever collectively been,” Grant tells the Business Insider. The United States debt has […]
Just as new owners were about to move in, the previous owners of a foreclosed house in Simi Valley, Calif. reoccupied it with locksmith, attorney and camera crew in tow. Investors who had purchased the home at a lender’s trustee sale had been hoping to have its new owners in it this week. But Jim […]
AFP’s “Common Sense”: Around the World on $69 Million in Welfare Funds By David Spady This video depicts the abuse of welfare funds from the state of California. Vacations are being purchased with this money instead of helping the needy. [youtube _wElqMl5TJM nolink]
By Rupert Neate– George Soros has warned that a global “currency war” pitting China versus the rest of the world could lead to the collapse of the world economy. Mr Soros, the hedge fund manager best known as the man who broke the Bank of England” after he made a billion betting against the value […]
A journalist who visited Gaza found that Hamas is confiscating humanitarian goods donated by the international community and forcing Gaza Arabs to pay for them. The journalist, Mitchell Prothero, wrote an article about attitudes towards Hamas for the UAE paper The National. Prothero spoke to a commander in the Islamic Jihad terrorist group, who complained […]
If you strip away the political correctness, Chapter Three of the IMF’s World Economic Outlook more or less condemns Southern Europe to death by slow suffocation and leaves little doubt that fiscal tightening will trap North Europe, Britain and America in slump for a long time. The IMF report – “Will It Hurt? Macroeconomic Effects […]
