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  • New York City homeless population at an all-time high 21 Nov 2009 05:55 GMT
    ... for work are counted, the overall unemployment rate rises to 15.8 percent. Antonietta Bertucci, Director of Part ... of their income to pay rent or mortgages. When someone in a family loses a ... by completing or renting them. Often wealthy property owners chose to hold back empty apartments ...

  • The Unintended Consequences of the Federal Reserve's Low Interest Rate Policy 21 Nov 2009 16:13 GMT
    ... consequences of the Federal Reserve's low interest rate policy. For quite some time, I have been ... asset prices, fuelled speculation in stock and property markets, and created new, real and insurmountable ... the 1997 Asian financial crisis and U.S. mortgage meltdown." It is not just China. Brazil ...

  • Glance-PRESS DIGEST - British business - Nov 21 21 Nov 2009 05:55 GMT
    ... a collection of financial products into an integrated, full-service bank which is expected to make ... on current accounts and that expanding into mortgage lending would require a broader source of ... Morgan's plans to put Crescent's assets into real estate flopped when the market froze. Barclays acquired ...

  • The Great Economic Stimulus Debate of 2009 21 Nov 2009 10:52 GMT
    ... resting on a crumbling foundation of garbage mortgages, toxic paper, and non-performing loans? Cutting the ... are particularly dependent on banks, such as households and small businesses. Bank lending has contracted ... of fiscal policy is greatest when interest rates are at the zero bound, leading to ...

  • Suterra owner is leading CA water privatization effort 20 Nov 2009 05:33 GMT
    ... Schwarzenegger and Senator Dianne Feinstein, paying off corporate shills like Fox News’ Sean Hannity and ... water to corporations, subsidize their landholdings, fuel real estate development and enable large-scale water privatization. At ... and unregulated “paper water” market, not unlike mortgage-backed securities and other exotic debt instruments dreamed ...

  • Prosperity gospel and the economic crash 20 Nov 2009 05:55 GMT
    ... the housing bubble and subsequent crash: interest rates were too low; regulation failed; rising real-estate ... calls him, who prefers "risky ventures in real estate," and a more "fluid, mobile democracy." The ... little attention was paid to a predatory subprime-mortgage industry, relaxed credit standards, or the dangers ...

  • Stocks Fall on Stronger Dollar, Weak Techs 20 Nov 2009 16:59 GMT
    ... is the government stepping away from buying mortgage-backed securities. "The banks are still grossly overvalued," ... next year on making the yuan's exchange rate "more flexible," Ambassador Jon Huntsman said Obama ... is still a threat, especially with commercial real estate prices falling. Dallas Fed President Richard Fisher ...

  • UPDATE 3-HK cen bank warns of asset bubble risk, fund inflows 20 Nov 2009 11:15 GMT
    ... dilemma for policymakers across Asia. 'With interest rates exceptionally low and with abundant liquidity around the ... prompted the HKMA last month to tighten mortgage lending rules, especially on luxury property, by ... public their sales transactions of uncompleted first-hand residential property within five working days rather than ...

  • Fed sees little risk of inflation in weak economy 20 Nov 2009 01:41 GMT
    ... flaccid." The U.S. central bank slashed interest rates to near zero last December and has ... a speech in Singapore the ailing commercial real estate market remains a problem as falling prices ... housing agency debt and $1.25 trillion in mortgage-backed securities. Fisher acknowledged the pitfalls of such ...

  • Fed sees little risk of inflation 20 Nov 2009 01:31 GMT
    ... flaccid." The U.S. central bank slashed interest rates to near zero last December and has ... a speech in Singapore the ailing commercial real estate market remains a problem as falling prices ... housing agency debt and $1.25 trillion in mortgage-backed securities. Fisher acknowledged the pitfalls of such ...

  • Fed "hawks" see no immediate inflation threat 20 Nov 2009 00:11 GMT
    ... there." The U.S. central bank slashed interest rates to near zero last December and has ... a speech in Singapore the ailing commercial real estate market remains a problem as falling prices ... housing agency debt and $1.25 trillion in mortgage-backed securities. Fisher said the Fed has to ...

  • Two Fed "hawks" see no immediate inflation threat 20 Nov 2009 06:50 GMT
    ... there." The U.S. central bank slashed interest rates to near zero last December and has ... a speech in Singapore the ailing commercial real estate market remains a problem as falling prices ... housing agency debt and $1.25 trillion in mortgage-backed securities. Fisher said the Fed has to ...

  • UPDATE 2-HK cen bank warns of asset bubble risk, fund inflows 20 Nov 2009 09:02 GMT
    ... dilemma for policymakers across Asia. 'With interest rates exceptionally low and with abundant liquidity around the ... to curb inflation in assets such as property, that tactic could backfire and attract even ... prompted the HKMA last month to tighten mortgage lending rules, especially on luxury property, by ...

  • Taiwan signals will curb 'excessive volatility' 20 Nov 2009 03:35 GMT
    ... about NT$400 billion a month earlier, and reiterated that investors from abroad should use funds as stated ... asked state-controlled lenders to tighten scrutiny on mortgages. Property prices in central Taipei have risen too ...

  • Neighborhood with meager bank services now has none 20 Nov 2009 18:01 GMT
    ... midafternoon, and you got to your local bank branch. You want information on CD rates, home loans, mortgages and refinancing. But you can’t get it because the lobby closed at 3 p.m. ...


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