Mortgage and Financial News From 2009-2-1 Page 01
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The new bad deal - Enter Stage Right
In 1939, ten years after the crash on Wall Street, the Secretary of the Treasury, Henry Morgenthau, Jr., told the House Ways and Means Committee: "We have tried spending money. We are spending more than we have ever spent before and it does not work ...
2009-02-01 09:47:00 -
Global crisis threatens to break up the Eurozone - World Socialist Web Site
The international economic crisis is having an ever more devastating impact on Europe. A few weeks ago German Finance Minister Peer Steinbrück (Social Democratic Party—SPD) was still speaking of a financial crisis centred in America. Since then it ...
2009-02-01 10:59:00 -
ECONOMY: China May Decide That Charity Begins at Home - Inter Press Service
BEIJING, Nov 11 (IPS) - Internal concerns are beginning to supersede China’s ambition to play the role of responsible international stakeholder and spearhead demands for the establishment of a new global financial order. While Beijing wants a ...
2009-02-01 11:35:00 -
ACT house prices tipped to recover by end of year - Australian Broadcasting Corp.
A key property group says the ACT housing market is not expected to recover from a slump in prices for another six to nine months. Figures from the Australian Bureau of Statistics show property prices in the ACT fell 4.1 per cent last year. ACT ...
2009-02-01 10:44:00 -
Yen rises in Asia as economic woes grow - Inquirer.net
TOKYO, Japan -- The yen climbed in Asian trade Monday as investors looked for safe havens in the face of mounting worries about the outlook for the global economy. The euro was under pressure as traders bet that the European Central Bank (ECB) will ...
2009-02-01 10:44:00 -
This Deficit Is Different--And Dangerous - Forbes
Since the U.S. ran its first budget deficit, there have been arguments over the economic implications. The more austere among us have suggested we're living on borrowed money that will eventually cripple us as a nation, while the more optimistic have ...
2009-02-01 10:59:00 -
How low should interest rates go? - Brisbane Times
WHEN the eight men and one woman who sit on the Reserve Bank board regroup after a two-month break tomorrow, they'll be considering not only how much to cut their cash rate (a further 1 percentage point is likely) but also how far it should ...
2009-02-01 08:14:00 -
Analysis: Team Obama preoccupied with Bush - Guardian Unlimited
AP White House Correspondent= WASHINGTON (AP) â You'd hardly know George W. Bush is spending his days relaxing down in Texas. It feels like he's still right here in Washington, given the current president's almost daily repudiation of his ...
2009-02-01 09:01:00 -
Mitsubishi Electric Announces Revised Earnings Forecast for Fiscal 2009 (April 1, 2008-March 31, 2009) (Centre Daily Times)
Mitsubishi Electric Corporation (President and CEO: Setsuhiro Shimomura) (TOKYO:6503) announced today its revised earnings forecast for the current fiscal year ending March 31, 2009 (fiscal 2009) to reflect the company’s recent business conditions.
2009-02-01 11:30:10 -
Thai Banks Seek $1.54 Billion Government Aid to Boost Lending (Bloomberg)
Feb. 2 (Bloomberg) -- Thailand’s banks are seeking a 54 billion baht ($1.54 billion) state aid package designed to help them restart lending to businesses and lift the economy out of a probable recession.
2009-02-01 11:36:32 -
Housing Recovery: Not Yet, But When? (BusinessWeek)
2009-02-01 11:37:07 -
'Plan to counter crisis is timely' (Zawya)
Dubai: The new plan to lessen the impact of the financial crisis and strengthen the economy proposed by the Ministry of Economy and the economic departments of the country, is a timely initiative, experts and official said.
2009-02-01 11:49:46 -
Corporate downsizing puts pressure on office realty (Zawya)
02 February 2009 Commercial property prices in Dubai are likely to fall by between 35 and 40 per cent year-on-year in 2009 and commercial rents by 30 to 35 per cent, says a new report.
2009-02-01 11:50:06 -
It will get worse (WorldNet Daily)
About 100 intrepid readers completed a three-month group study of Murry Rothbard's "America's Great Depression" this weekend.
2009-02-02 12:02:31 -
Tushar Poddar: Cut income tax to avoid deflation (Business Standard India)
A quick, equitable tax cut can unleash domestic demand from liquidity-constrained consumers, says Tushar Poddar. The Indian economy is currently being hit by the mother of all external shocks.
2009-02-02 12:10:10