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| Articles about Crisis |
| Hizballah received 35 new Iranian speedboats shortly before current crisis | | 2008-05-12 03:29:00 | | DEBKAfile’s military sources report that three weeks before Hizballah seized western Beirut, the Shiite terrorist group took delivery of 35 fast speedboats for use with explosives from Iran. The craft can threaten US Sixth Fleet and Israel Navy shipping close to Lebanese shores, reach Israel’s Haifa and Ashdod Mediterranean ports and raid its coastal oil installations.The speedboats were tailor-made for Hizballah by Iranian Revolutionary Guards shipyards at Bandar Abbas as the only marine terror fleet operating in Mediterranean waters. Our military sources report the boats are capable of carrying chemical, biological and radiological weapons systems.They were delivered in mid-April by an Iranian freighter at the Syrian port of Latakia and trucked to Naimah port south of Beirut. There they were hidden in the subterranean hangars belonging to Ahmed Jibril, head of the Palestinian Liberation Front-General Command. Today, the PLF-GC is financed and directed by the Revolutionary Guards. | | By: THE NEW BABYLON TIMES | | |
| | Los partidos políticos carecen de estrategias para atravesar la crisis | | 2008-05-11 04:25:50 | | La masa está para bollos
Carlos Blanco: Tiempo de Palabra/ El Universal
En todas las consultas de opinión, el gobierno baja, la oposición se estanca o crece poco, y los que no se identifican con uno u otro, crecen exponencialmente. Igualmente, parece haber una separación entre la actividad electoral partidista y grupos, y el estado de revuelta [...] | | By: Venezuela es Noticia | | |
| | The US Financial Crisis Has Not Had A Bad Effect On Everyone | | 2008-05-11 01:46:12 | | Corporate America feels the change as consumers alter their buying habits since the economic slowdown caused by the mortgage crisis and resulting credit crunch last year has not been such bad news for everyone, reflecting both behavioural shifts among US consumers and the advantages enjoyed by those companies that are less dependent on the US domestic market than most of their competitors.Wal-Mart, the largest retailer in the US, has a mass discount business that is focused on low-income consumers, who have been the hardest hit by rising energy prices and tightening credit. It's shares have risen by 23% since last October, when the credit crunch started picking up pace, to hit their highest level for 4 years.And this is typical for these kind of companies when the economy is not doing too well anymore. I wrote about this several times to my subscribers already and why this is so. In bad times no one is going to stop eating and drinking just because the economy is in a recession. So wha | | By: Finance fantasy | | |
| | Greenspan: Worst of Credit Crisis Is Over | | 2008-05-08 22:51:00 | | By Reuters | 08 May 2008 | 03:38 PM Former Federal Reserve Chairman Alan Greenspan said on Thursday that the worst of the credit crisis is over, according to attendees at a New York speech. Greenspan also said house prices still had a long way to fall and it was unlikely they would stabilize by year-end, according to meeting attendees who provided Reuters details of the speech delivered at the Alternative Public Strategies Conference. The attendees, who declined to be identified by name, said Greenspan mentioned that U.S. growth was likely to be sluggish for an extended period of time. The U.S economy is reeling from a housing-led slowdown, with some analysts convinced it is already in a recession despite a 0.6 percent growth rate in the first quarter. | | By: How to be Rich, Happy and Free from Scams | | |
| | Global Breast Cancer Crisis | | 2008-05-08 11:40:00 | | Once a disease of the Western world, breast cancer has become a global concern. Breast cancer is the most lethal form of cancer for women in the world. An estimated 1 million cases will be identified this year, and about 500,000 new and existing patients will die from breast cancer. In the U.S., breast cancer will be diagnosed in 1 in 8 women. In other emerging economies, breast cancer is a relatively new concern. Previously a malady that mostly afflicted white, affluent women in the industrial hubs of North America and Western Europe, breast cancer is everywhere. By 2020, 70% of all breast-cancer cases worldwide will be in developing countries. Worse, as the reach of the disease is expanding, the reach of detection and treatment is not. For a woman battling breast cancer in the West, new diagnosis and treatment options come along all the time. Not so elsewhere. In the U.S., an estimated $8.1 billion is spent to diagnose and treat breast cancer each year. In India, half of all women wi | | By: To atoid the cancer | | |
| | The food crisis: should we stop eating meat? | | 2008-05-08 03:50:14 | | photo credit: Jesse Gardner
They’ve been noting in Egypt. And Mexico. And Indonesia. In Bangladesh 20,000 workers took to the streets of the capital, Dhaka, last week. In Haiti, where famine has reduced many to eating biscuits made from mud, a UN peacekeeper carrying food to his colleagues was dragged from his car and shot [...] | | By: learn about lean & six-sigma | | |
| | Crisis humanitaria en Birmania (Myanmar)! | | 2008-05-07 17:53:16 | | Las autoridades en Birmania confirmaron en las últimas horas que la cifra de muertos a causa del devastador ciclón Nargis asciende a más de 22.000. El número de víctimas fatales podría crecer aún más, ya que hay cerca de 60.000 desaparecidos, según advirtieron funcionarios de la junta militar que gobierna el país.A tres días del paso del poderoso huracán, que con vientos de más de 200 km/h arrasó la costa birmana de oeste a este, no se conoce todavía la cantidad exacta de damnificados, aunque se estima que son varios cientos de miles.Las cifras oficiales que sí trascendieron llegan en momentos en que distintas organizaciones internacionales de asistencia humanitaria coordinan esfuerzos y tramitan su ingreso al país.Se trata del peor ciclón que arrasa la región desde que en 1991 una tormenta similar dejó un balance de 143.000 muertos en Bangladesh.La población birmana se ve afectada por la falta de agua potable, la interrupción del suministro de electricidad y el b | | By: Noticias y Entretenimiento | | |
| | "El dinero barato causa la crisis inmobiliaria" | | 2008-05-07 02:00:00 | | Loretta Napoleoni publica esta semana Economía canalla. La nueva realidad del capitalismo, un ensayo descarnado sobre los problemas económicos del mundo actual. Su descripción, “basada en el análisis marxista”, mete el bisturí en el capitalismo global y llega a conclusiones tan controvertidas como que la caída del Muro de Berlín, y la consiguiente extensión de la democracia, ha facilitado la explosión de la economía criminal. En su opinión, la crisis del sector inmobiliario está provocada por la existencia de unos tipos de interés demasiado bajos. Napoleoni, nacida en Roma y que vive actualmente en Londres, se autodefine como “economista” y “ante todo, no política”.¿En qué consiste exactamente la economía canalla?Canalla es un término deliberadamente ambiguo. Es la economía ilegal o criminal, pero también la que se mueve en las zonas grises fuera del control de las autoridades, como la prostitución, el esclavismo laboral, la pesca ilegal o las falsifica | | By: Arcosan noticias | | |
| | Las Crisis Financieras | | 2008-05-06 18:21:26 | | Las Finanzas publicó, hace algún tiempo, un artículo sobre la crisis financiera ocurrida en Octubre de 1987 , pero como saben ésta no ha sido la única. BBC Mundo Hoy ha publicado un reportaje escrito por Steve Schifferes Especialista en Asuntos Económicos de la BBC, quien hace una reseña sobre las crisis financieras ocurridas desde 1866 hasta el 2000. La crisis actual del subprime por supuesto no ha sido incluida ya que se encuentra en pleno desarrollo.Aquí les dejo el enlace Además da una pequeña lista de las lecciones aprendidas de crisis financieras anteriores entre las que destaca la intervención temprana de los Bancos Centrales como contenedores de las mismas.Espero lo disfruten.
| | By: Las Finanzas | | |
| | Let free markets take care of the food crisis. | | 2008-05-06 17:39:55 | | (Shorack, guest blogger from Belgium)
On the fifth of may, some central banks, including the ECB, who have gathered in Basel, made a clear statement on the food crisis:
First of all, they won't do anything about it, because it is simply impossible for them to solve it.
Second, they urge not to go the protectionist tour, but to let free competition reign in order to solve or at least ease the...
Click the Headline Link to Visit Copious Dissent and Read the Full Story.
| | By: Copious Dissent - Your Daily Dose of Liberty | | |
| | La crisis subprime explicada en clave de humor | | 2008-05-05 13:19:00 | | Os recomiendo el siguiente vídeo de Youtubehttp://www.youtube.com/watch?v=a9MBfDKqliMMe he reído un buen rato.Copio y pego el comentario de Vanitatis, donde lo he encontrado, sobre el vídeo."A veces la economía se llena de explicaciones farragosas que hacen imposible comprender de qué se está hablando exactamente. Algo así ocurre con la crisis 'subprime'. Por suerte los humoristas John Bird y John Fortune, famosos por sus hilarantes diálogos, ponen los puntos sobre las íes y explican exactamente cómo los sentimientos han acabado por dominar los mercados y fomentaron la crisis. Británicamente desternillante."Disfrutad del vídeo.
| | By: BOLSEANDO, blog de bolsa | | |
| | Identity crisis or delusions of grandeur? | | 2008-05-05 10:24:47 | | In this month's installment of "Peak Performance" I discuss the frequently erroneous and often grandeous titles software testers have on their business cards or in their e-mail SIGs. Identity crisis or delusions of grandeur?
--
Scott Barber
President & Chief Technologist, PerfTestPlus, Inc.
Vice President & Executive Director, Association for Software Testing
www.perftestplus.com
www.associationforsoftwaretesting.org
"If you can see it in your mind...
you will find it in your life." | | By: Testing Software Performance | | |
| | Vivienda tiene un plan para combatir la crisis del ladrillo | | 2008-05-05 01:24:00 | | * Prepara nuevas rebajas fiscales. * La ministra se lo presentará esta semana a Solbes. * Entre las protestas se contempla elevar del 15% al 20% la deducción fiscal por rehabilitar viviendas.La ministra de Vivienda , Beatriz Corredor, se estrena en el cargo con un plan de choque para hacer frente a la crisis del ladrillo, que presentará a Pedro Solbes esta semana, según recoge en su edición de hoy el diario El País.El plan para revitalizar la construcción incluye nuevas rebajas fiscales para incentivar al sector de la rehabilitación de viviendas, que mueve mucha mano de obra.Corredor propone, por ejemplo, elevar del 15% al 20% la deducción fiscal por rehabilitar pisos y un pacto con los ayuntamientos para renovar cascos históricos.Se analiza este juevesEl plan urgente será presentado el jueves ante la Comisión Delegada del Gobierno para Asuntos Económicos, presidida por el vicepresidente Pedro Solbes, para ser analizado.Al parecer, los objetivos del Ministerio de | | By: Arcosan noticias | | |
| | JPMorgan says no near end to financial crisis: report | | 2008-05-03 10:13:00 | | FRANKFURT - JPMorgan Chase & Co does not expect the U.S. financial crisis to end soon and will remain very cautious, its top executive said in comments published by a German weekly on Saturday."We can only speculate how deep and how long the recession in the United States will really be and how that in turn will impact banks," James : report told "Welt am Sonntag.""But we are not done with the crisis for a long time," Dimon said, adding that it was not the company's job to make bets on the future."Imagine we would need to walk up to our shareholders one day and say, sorry but the recession in the USA is so bad, we're broke. We need to be able to rule out at all times that it will not come to that," Dimon said.JPMorgan said last month it was on the lookout for regional banks to take over but Dimon said in the report the bank was not interested in purchasing the German consumer lending business of Citigroup Inc. ."From my point of view today a takeover like that would be a waste of time, | | By: How to be Rich, Happy and Free from Scams | | |
| | Children’s diet crisis & junk food | | 2008-05-02 15:10:50 | | Children today are eating more and more junk food and we are slowly getting into a diet crisis, so what are the facts?
The National Diet and Nutrition Survey found that:
92% of children consume more saturated fat than is recommended
86% consume too much sugar
72% consume too much salt
96% do not get enough fruit and vegetables.
The Chief [...] | | By: Parenting & Pregnancy | | |
| | El Banco de España duda de la eficacia de los 400 euros para atajar la crisis | | 2008-05-02 01:08:00 | | El Banco de España no ve clara una de las medidas estrella del plan anticrisis del Gobierno para reactivar la economía, los ya célebres 400 euros que empezarán a apreciarse en el bolsillo en la nómina de junio. El Ministerio de Economía asegura que el cheque fiscal -que se instrumenta a través de una deducción en el IRPF para asalariados, pensionistas y autónomos- se dejará notar en el consumo.Pero la institución que preside Miguel Ángel Fernández Ordóñez rebajó ayer la trascendencia de la medida en su boletín de abril por la profundidad del ajuste en la economía española."El alcance a la hora de estimular el consumo de los hogares puede verse aminorado" por el hecho de que, en las circunstancias actuales de desaceleración y repunte de las cifras de desempleo, ese dinero "se desvíe hacia el ahorro" en lugar de estimular el consumo. "El efecto que pretenden sobre el sostenimiento de la actividad no está exento de algunas incertidumbres", según el Banco de España. | | By: Arcosan noticias | | |
| | Headlines: Subprime Crisis; Reality: Consumption Crisis | | 2008-05-01 16:22:27 | | Minyanville had a great post the other day, actually the quote was from an earlier post they quoted themselves, about an interesting perspective about the cause of the so-called subprime crisis. Of course, the same can be said of the entire credit crunch and financial meltdown.
“I believe that in time, historians will define the [...] | | By: Florida Mortgage Report | | |
| | El consumo minorista sufre un batacazo histórico y alcanza ya niveles de crisis | | 2008-04-30 01:55:00 | | El frenazo de la actividad económica ha llegado al bolsillo de los españoles. El consumo minorista (las compras domésticas) ha sufrido la mayor caída de su historia con un receso del 4,4 por ciento (tasa sin deflactar). Hace 12 años, cuando empezó a medirse, caía un 1 por ciento. Mientras, los precios siguen disparados pese a que en abril el IPCA se ha moderado ligeramente hasta el 4,2 por ciento. Zapatero, en TVE, no dudó en adelantar que los precios iban a bajar "ya" como prueba de que no estamos "en crisis o en recesión" y de que no había engañado a los españoles. Pocas horas después de que Zapatero adelantase en Televisión Española que los precios iban a empezar a bajar "ya", el INE, que estrena nuevo director (Jaume García Villar) tras la expulsión de Carmen Alcaide, anunciaba una ligera moderación del IPCA de 4 décimas respecto al mes anterior. Según esta información, el Índice de Precios al Consumo Armonizado se había moderado en abril hasta el 4,2 por cie | | By: Arcosan noticias | | |
| | News: UN calls impact of biofuel on food crisis "criminal" | | 2008-04-29 16:55:25 | | Jean Ziegler, the United Nations special rapporteur on the right to food, said the United States and the European Union have taken a "criminal path" by contributing to an explosive rise in global food prices by using food crops to produce biofuels.Ziegler stated that last year the United States used a third of its corn crop to create biofuels, while the European Union is planning to have 10 percent of its petrol supplied by biofuels. He called for a five-year moratorium on the production of biofuels.Ziegler also said that speculation on international markets is behind 30 percent of the increase in food prices. (Full)US Secretary of State Condoleezza Rice admitted that setting aside farmland to produce biofuels like ethanol may be partly to blame for driving up world food prices. "There has been apparently some effect, unintended consequence from the alternative fuels effort". (Full)Meanwhile President Bush President George Bush confirms he is deeply concerned about high food prices but | | By: The Road to the Horizon | | |
| | Una crisis para los más vulnerables | | 2008-04-29 10:16:25 | | Los organismos de la ONU: ACNUR, Alto Comisionado de las Naciones Unidas para los Refugiados, BIRF, Banco Internacional de Reconstrucción y Fomento ; CEPAL, Comisión Económica para América Latina y el Caribe; CFI, Corporación Financiera Internacional ; CINU,Centro de Información de las Naciones Unidas; FAO, Organización de las Naciones Unidas para la Agricultura y la Alimentación; FIDA, Fondo Internacional de Desarrollo Agrícola; FMI, Fondo Monetario Internacional; FNUAP, Fondo de Población de las Naciones Unidas; HABITAT,Centro de las Naciones Unidas para los Asentamientos Humanos; OPS/OMS, Organización Mundial de la Salud; PMA, Programa Mundial de Alimentos; PNUD, Programa de las Naciones Unidas para el Desarrollo ; UNHCHR, Alto Comisionado de las Naciones Unidas para los Derechos Humanos y el Banco Mundial establecerán equipos de expertos para analizar el problema del alza sin precedentes de los precios de productos alimenticios.Ban Ki-moon, secretario general de la ONU, | | By: Rayando La Línea | | |
| | Coffee House Crisis | | 2008-04-28 11:32:00 | | As we have all seen recently the price of gasoline has put a pinch on everyone. We all still have to go to work, but we all don’t need our morning latte (maybe just a regular coffee with cream). My sister-in-law runs a small coffee house with two locations and with the price [...] | | By: We Are Earthformed - so let's play in the mud | | |
| | News: The Global Food Crisis Map | | 2008-04-27 15:28:05 | | Der Spiegel published a good overview of the current food crisis, depicting the raising food prices, and the countries limiting food exports, and where all of this sparked unrest. (click on the picture for a higher resolution)There are however some "food unrest" locations which were forgotten: Morocco, Philippines, Bangladesh, Jordan, Mexico... Paints an even worse picture.More articles on the Road about the global food crisis.Picture courtesy Der Spiegel.
| | By: The Road to the Horizon | | |
| | News: Like a Perfect Storm, the Global Food Crisis Now Heads For Canada, US. | | 2008-04-27 15:26:27 | | Since several months, I have been reporting on the food crisis sparking hunger and riots in different parts of the globe.Like in a perfect storm, different factors contributed to a disaster scenario: increased fuel prices, an artificial push for biofuel crops, adverse weather phenomena, changing food habits, increased demand and financial speculation on the futures markets (see this summary)As expected, the storm first hit the poorest countries, where food constitutes easily 40% of a family's budget. But now the bad weather has reached closer to home: the US and Canada.While the first news articles only started to appear one or two days ago, and the symptoms are still scattered and early to detect, it does ring an alarm bell. An overview of what I have picked up so far:In the US, rationing of some food commodities seems to be just around the corner:- At the Costco in San Francisco, rice is all the rage. Not long after the 10 a.m. opening on Apr. 24, the warehouse was well on its way to | | By: The Road to the Horizon | | |
| | Subprime Crisis and Real Estate | | 2008-04-27 00:00:00 | | We’ve all heard about the subprime crisis going on in the US but do we really understand it? I have to admit, after reading up on it in various newspapers and websites, I still don’t have a clue to what it’s all about. Anyways, in my reading, here’s what I’ve gathered so far:
The subprime crisis is brought about by subprime mortgagesSubprime mortgages are those issued to borrowers that are high | | By: Pinoy Reviews | | |
| | La Encuesta de Población Activa (EPA) destapa la crisis | | 2008-04-25 09:23:51 | | Los datos de la Encuesta de Población Activa (EPA) con el aumento del paro "está destapando" la realidad de la crisis económica que el Gobierno ha ocultado. Las verdades reales son los hechos.El desempleo en España experimenta la mayor subida trimestral en 15 años, se sitúa en el 9,63% en el primer trimestre, con 246.000 parados más.Sigue restado la economía española: los últimos datos del desempleo constatan el mayor incremento trimestral experimentado en los últimos 15 años. La tasa de paro repuntó al 9,6% y alcanzó su valor más alto en los últimos tres años, al crecer en 246.600 personas.Al mismo tiempo, otros indicadores prueban la desaceleración económica de España. Por una parte, el déficit comercial creció el 18,7% en los dos primeros meses del año y se situó en 17.226,1 millones de euros, frente a los 14.512,6 millones del mismo período de 2007 y el crédito al consumo cayó por vez primera desde las crisis de 1993 y en el primer trimestre de 2008 los p | | By: Rayando La Línea | | |
| | Blogger's Crisis | | 2008-04-24 20:29:07 | | I'm having a little problem right now. I have said that I've bought my own domain and I am pretty happy about that. I have always wanted to have my very own website that carries my name and is not under any subdomain or domain name extensions like .blogspot (Sorry Blogger but I still do love you! ^_^), .wordpress, .anything.Now my objective is done but I have a big problem and I am having a difficult time choosing whether I should create a new blog or to simply move one of my blogs to my own dom | | By: Grim Angel | | |
| | TWELVE ITALIAN RED WINES DEFY ECONOMIC CRISIS | | 2008-04-23 10:32:00 | | Some wine lovers and experts consider the 1997 vintage as "the last myth of the 1900s". Twelve of the best labels from the 1997 vintage were signaled out for distinction last week at the 42nd Vinitaly, the Italian Wine and Spirits Trade Fair in Verona. Top wine buyers and importers, wine investment fund managers, collectors, Italian Guides (Gambero Rosso, Ais, Espresso, Maroni and Veronelli ), as well as influential wine magazine editors and critics (Wine Spectator, Decanter, Falstaff, Parker) paid homage at a horizontal tasting of the prestigious vintage. According to wine experts at Vinitaly, the twelve bottles are by now only available on the collector's market—with an overall value estimated at more than 53,000 euros. "The twelve wines presented during this tasting-event have seen their value grow over time, in terms of quality and sensorial features and pure commercia | | By: Italian Wine News | | |
| | Comerica's profits hurt by California real estate crisis | | 2008-04-23 08:25:00 | | The Dallas-based company reported first-quarter earnings of $109 million, or 73 cents per share, compared with $190 million, or $1.19 per share, in the year-ago period. Analysts polled by Thomson Financial were expecting the bank to earn 79 cents per share for quarter. The latest quarter results included a $159 million provision for loan losses, compared with $23 million in the first quarter last year.
| | By: California Real Estate News | | |
| | Biofuels And Why They Suck: Greed And Crisis | | 2008-04-22 11:07:00 | | Say what you want about NewsMax, but once in a while they carry a story that hits the nail on the head. And all arguments fall short of even touching the content. Case in point is an article today by Arnaud de Borchgrave titled, "Greed Fuels Food, Subprime Mortgage Crises."Arnaud's article drives at the heart of much of today's financial and humanitarian problem. GREED. Greed in a manner he outlines as poor lending practices and profiteering driving what is now estimated to be a $1.1 Trillion mortgage crisis. It's now been described as the largest loss of wealth in U.S. History. Sounds about right.The redirecting of corn towards biofuels causing large portions of populations being unable to even acquire sustenance amounts of food. Can we say "Food Riots?" Oh wait, we already can. (Cough, cough, Haiti, cough, Egypt.) And of course, even with it's already spiraling deficit, America launches out over $200 million in aid to try and help. And the World Food Program chief is asking for an ad | | By: Hoopy Frood Dude | | |
| | | La crisis aprieta: se venden 2.000 pisos a 'precio de coste' en Cataluña | | 2008-04-22 00:58:00 | | La Asociación Corporativa de Empresarios Inmobiliarios (ACd''EI), creada a raíz de la crisis inmobiliaria y formada por un centenar de promotores, ofrece unos 2.000 pisos a precio de coste en Cataluña al no poder venderlos a precio de mercado.El director de la asociación, Valentí Oliveras, explicó hoy en rueda de prensa que la fórmula consiste en que el promotor subroga la hipoteca del piso al comprador. Son inmuebles de un precio entre los 120.000 y 180.000 euros, que se venden con una rebaja de hasta el 40%.Oliveras manifestó que "hay mucha gente interesada" en comprar y aseguró que este es un buen momento, ya que el promotor está predispuesto a bajar los precios, debido a que muchos de ellos, "si no se ven con el agua al cuello, quieren evitar el verse".Para ofrecer estos pisos, el director de ACd''EI explicó que la asociación ha pactado con diferentes entidades financieras hipotecas con precios cerrados y con intereses fijos alrededor del 5%, con que si el euríbor sube | | By: Arcosan noticias | | |
| | ¿Y qué cosa dice Wharton de la Crisis Subprime? | | 2008-04-21 08:56:29 | | En ocasiones, le he dado chance a mis alumnos a que publiquen sus ideas. En esta oportunidad publicaré un ensayo de la escuela de negocios de Wharton en la Universidad de Pennsylvania (ver los mejores MBA´s) en el cual se pone en perspectiva la mencionada crisis.Allí, el profesor Jeremy J. Siegel contradice a un famoso comentarista económico, quien afirma hay que una mano peluda (manipulación) la cual se encuentra detrás de este embrollo. Así demuestro que no es inusual que un profesor contradiga a otra personalidad, como fue el caso de mi publicación “Los 12 Jinetes del Apocalipsis”. A continuación transcribo el artículo de Wharton al cual hago la referencia de rigor, cuando el post no es original: Publicado el: 4/16/08 en Wharton.universia.net ¿Manipulación del mercado o simplemente negocio?Los mercados financieros están revueltos. La inflación va en aumento. Los precios de la vivienda no dejan de caer. Muchas empresas están empezando a despedir trabajadores. El pr | | By: Las Finanzas | | |
| | GIC says global recession, crisis likely | | 2008-04-21 00:48:00 | | SINGAPORE - A SINGAPORE state investment fund that bought multi-billion dollar stakes in beleaguered banks Citigroup and UBS said a global financial crisis and recession was increasingly likely but that its investments in western banks were long-term in nature. 'The financial contagion has now spread beyond US shores, increasing the likelihood of a global financial crisis and recession,' Government of Singapore Investment Corp deputy chairman Tony Tan told a staff meeting on Monday. 'We could be facing a recession which is longer, deeper and wider than any recession we have encountered in the last 30 years.' 'We regard our investments in UBS and Citigroup as long term investments which will give us good returns when markets stabilise and economic conditions return to more normal levels,' he said. GIC is the larger of Singapore's two sovereign wealth funds and bought 11 billion Swiss francs (S$15 billion) worth of mandatory convertible notes in UBS last December. In January, GIC investe | | By: How to be Rich, Happy and Free from Scams | | |
| | Podcast: Peak Oil Crisis with Chandramouli Mahadevan | | 2008-04-20 13:30:05 | | Hi All,
Its my pleasure to invite Chandramouli Mahadevan a.k.a Mouli for the first “live” interview on CWS. Mouli is a TLM (Tech Lead and Manager) at Google. He is voracious reader and is kind enough to share some of his learnings about Peak Oil Crisis with CWS Readers. Thank you Mouli for sparing your [...] | | By: Coffee With Sundar | | |
| | Solbes niega la crisis pero inyecta 34.000 millones para rescatar a familias y empresas | | 2008-04-19 04:43:00 | | Ni rastro de crisis. Sin embargo, el “primer plan de choque” del Gobierno para paliar la “desaceleración” inyecta directamente al mercado 10.201 millones de euros en 2008 y otros 8.000 para 2009. Estas medidas, sumadas a otras ya aprobadas, elevan la inyección pública de liquidez en el mercado a más de 34.000 millones de euros (el 3,4% del PIB nacional). Solbes reconoce que el PIB crecerá en torno al 2,3% en 2008, frente al 3,1% previsto. El adelanto en la eliminación del Impuesto de Patrimonio a 2008 y la ampliación gratuita de hipotecas hasta 2010 son las principales novedades del rescate de Solbes. ¿Crisis? ¿Qué crisis? El ministro de Economía, Pedro Solbes, ha eludido en todo momento tildar de crisis el creciente deterioro que padece la economía nacional. Pese a ello, el Consejo de Ministros ha aprobado un “primer paquete” de medidas urgentes para paliar la “desaceleración” económica. Solbes ha cuantificado el coste de este rescate publico en 10.201 | | By: Arcosan noticias | | |
| | High-end weddings weather US crisis | | 2008-04-17 21:14:00 | | High-end weddings weather US crisis Couples are a little more careful with their budget, but are still determined to celebrate in style, says a florist NEW YORK: Investment bank bailouts, home foreclosures and job losses have spread economic gloom through America but in New York, at least, there's one industry still eathering the storm - high-end weddings.Cake makers, florists, wedding planners and dress-makers at a wedding show this month said brides were still determined to enjoy their big day with almost no expense spared.While some couples were cutting back on non-essentials, for example having only two bridesmaids instead of four, most vendors at the New York magazine Weddings Showcase in Manhattan said they were yet to see a serious dip in business."So far I would say compared to last year, this year people seem to be spending just as much," said Amy Salvini-Swanson, co-owner of Greenwich Letterpress, which offers invitations at anywhere from US$600 to US$1,200 (US$1 = RM3.16) fo | | By: Nerdy Eddy | | |
| | Los 'diez mandamientos' para sobrevivir los autónomos a la crisis económica | | 2008-04-17 15:02:57 | | La Federación Nacional de Trabajadores Autónomos nace en el año 2000, con la aprobación de los estatutos por el Ministerio de Trabajo y Asuntos Sociales, no sin antes haber pasado por un arduo camino, para conseguir que el ámbito de trabajo de la Federación fuera no sólo nacional, si no que además esta tuviera un carácter intersectorial. Pues bien, la Asociación de Trabajadores Autónomos ha presentado un decálogo de medidas para ayudar a los asalariados por cuenta propia a sobrellevar la crisis económica. Este colectivo agrupa en España a 3,5 millones de trabajadores, de los que 58.000 son gaditanos.La ATA dibuja un escenario poco menos que aterrador en base a los datos económicos. Según la asociación, 'todos coinciden en las previsiones anuales para 2008 y discrepan en sus registros, con escaso margen: crecimiento de la producción en torno al 2,4-2,6%, precios de consumo, cercanos al 3,6-3,8% y empleo, en términos de Contabilidad Nacional 1,5-1,6% empeoran notableme | | By: Rayando La Línea | | |
| | Medidas ante la crisis, ¿pero qué medidas? | | 2008-04-17 01:33:00 | | El primer paso para plantear medidas eficaces de cara a hacer frente a una crisis es el saber dónde estamos hoy, no hace tres meses. Y aquí hay un problema, ni el Banco de España ni el sistema estadístico nacional, permiten saber lo que pasa hoy, bien porque mienten, o bien porque utilizan sistemas estadísticos que reflejan tendencias y no la realidad última.Como afirma Alan Greespan en su excelente libro de memorias, “el primer indicador claro de lo que sucede en la economía, es la cifra de nuevas prestaciones por desempleo”. Y ¿qué pasa en España? Pues para empezar su elaboración está delegada en parte a las CCAA, algunas de las cuales manipulan descaradamente esta cifra y, para seguir, se ha decidido excluir a los parados “necesitados de formación”, es decir, las estadísticas oficiales distorsionan la realidad.Por ello, para saber que pasa en España, hay que recurrir a fuentes indirectas. Una de las más solventes es sin duda los análisis de coyuntura realiza | | By: Arcosan noticias | | |
| | Lehman Brothers CEO joins other bankers in saying worst of credit crisis over | | 2008-04-15 20:24:00 | | NEW YORK - LEHMAN Brothers Holdings Chief Executive Richard Fuld joined a growing chorus of investment bank executives in saying on Tuesday that the worst of the credit crisis is behind Wall Street. Mr Fuld, speaking at the investment bank's annual shareholder meeting, said that credit markets have begun to ease but still believes the environment 'will remain challenging.' Steep losses tied to mortgage-backed securities has cost the world's biggest banks and brokerage about US$200 billion (S$271 billion) since last year. Similar comments came last week from two other investment bank CEOs - Goldman Sachs Group's Lloyd Blankfein and Morgan Stanley's John Mack. Both said during shareholder meetings that Wall Street is closer to the end of the crisis, and that it might last a few more quarters. Lehman Brothers, the nation's fourth-largest investment bank, raised about US$4 billion from a stock sale earlier this month to help boost capital levels. The securities firm also announced in | | By: How to be Rich, Happy and Free from Scams | | |
| | | Crisis to affect markets for a decade: JP Morgan | | 2008-04-14 11:48:00 | | By Richard Barley LONDON (Reuters) - The financial crisis will affect market structure and pricing for at least a decade and lead to greater regulatory powers for central banks in areas at the centre of the turmoil, analysts at JP Morgan said."Market participants and regulators will focus intensely on controlling the risks that were at the core of the crisis," analysts led by Jan Loeys and Margaret Cannella wrote in a note on Monday. These risks include lending standards in mortgages, leverage in the funding of securitized products, and the use of short-term financing for illiquid long-term assets outside of the regulated banking sector. This will change behavior for market participants "for at least a decade," they wrote, in line with fallout from previous crises. "We had the NASDAQ, we had LTCM, we had the various forms of emerging-market crises in the '90s, we had the real estate crisis of 20 years ago: In most of these the direct impact on the behavior of the parties | | By: How to be Rich, Happy and Free from Scams | | |
| | The world economy is in crisis and we are not seeing the bottom yet | | 2008-04-14 07:17:16 | | G-7 continues to monitor the forex market very closely and is concern about the fluctuations in exchange rates. Most of the analysers said that these words would help to the dollar not to lose so fast against the major currency. In World-Signals.com we do not believe the win of the dollar by G-7 meeting. The dollar will remain under new attacks and we can see levels of 1.60 and above this month said George Marshal analyser in World-Signals.com. At the same time the cut of oil production by OPEC will boost the oil above $112 up to $115 in very short time that will help to the euro to gain against the dollar above 1.60. The world economy is in crisis and we are not seeing the bottom yet, said George Marshal. The situation will out of control if all majors banks not start working together to avoid the consequences by the credit crisis and U.S. recession together with strong inflation in Europe. The inflation will remain the main concern for Europe. Europe will give to the world the inflat | | By: All About Investiment | | |
| | The world economy is in crisis and we are not seei | | 2008-04-14 07:15:26 | | The world economy is in crisis and we are not seeing the bottom yet. G-7 continues to monitor the forex market very closely and is concern about the fluctuations in exchange rates. Most of the analysers said that these words would help to the dollar not to lose so fast against the major currency. In World-Signals.com we do not believe the win of the dollar by G-7 meeting. The dollar will remain under new attacks and we can see levels of 1.60 and above this month said George Marshal analyser in World-Signals.com. At the same time the cut of oil production by OPEC will boost the oil above $112 up to $115 in very short time that will help to the euro to gain against the dollar above 1.60. The world economy is in crisis and we are not seeing the bottom yet, said George Marshal. The situation will out of control if all majors banks not start working together to avoid the consequences by the credit crisis and U.S. recession together with strong inflation in Europe. The inflation will remain | | By: All About Investiment | | |
| | Finance Ministers Emphasize Food Crisis Over Credit Crisis | | 2008-04-14 02:43:18 | | By STEVEN R. WEISMAN
WASHINGTON — The world’s economic ministers declared on Sunday that shortages and skyrocketing prices for food posed a potentially greater threat to economic and political stability than the turmoil in capital markets.
The ministers, conferring in the shadow of a slumping American economy that threatens to pull down the economies of other countries, [...] | | By: ArticlesModern | | |
| | | El Banco Mundial pide medidas para afrontar la crisis por el alza de los precios de los alimentos | | 2008-04-11 12:04:00 | | El presidente del Banco Mundial, Robert Zoellick, pidió a la comunidad internacional que tome medidas para afrontar la crisis alimentaria generada por el alza del precio de los alimentos, según informó el Centro de Noticias de la ONU.Al inaugurar una reunión del Banco Mundial y el Fondo Monetario Internacional, Zoellick señaló que en muchos países en desarrollo los pobres gastan hasta un 75 por ciento de sus ingresos en alimentos, por lo que el aumento de precio les afecta gravemente. Además, destacó que en sólo dos meses el precio del arroz se disparó a niveles históricos y podría continuar en aumento.Para evitar una profundización de esta crisis, instó a los gobiernos a aportar al menos los 500 millones de dólares (casi 317 millones de euros) solicitados por el Programa Mundial de Alimentos (PMA) para poder cumplir con sus operaciones de emergencia. Por su parte, el director gerente del FMI, Dominique Strauss-Kahn, consideró que si bien la economía atraviesa una des | | By: Arcosan noticias | | |
| | RECOMENDACIONES DEL FMI PARA LA CRISIS | | 2008-04-11 11:52:00 | | Diez recomendaciones del FMI para la crisis
10-04-2008 - 1. La Reserva Federal estadounidense debería proceder con nuevos y profundos recortes de tipos, dados los actuales riesgos para el crecimiento, la incertidumbre sobre el alcance y la duración de las turbulencias financieras y el deterioro del mercado laboral.2. En la zona euro, el BCE ya tiene margen para bajar los tipos. La tasa de inflación bajará desde el 3,5% actual a por debajo del 2% en 2009, lo que unido a un contexto cada vez más negativo para la actividad económica, debería permitir al BCE cierta relajación de su política monetaria.3. Los bancos centrales de las economías avanzadas deberían tener más en cuenta la evolución de los precios de la vivienda a la hora de tomar decisiones sobre política monetaria.4. La utlización de políticas fiscales expansivas, que incrementen en el gasto público, por ejemplo, o reduzcan la carga imp | | By: Coordinadora Nacional de Independientes | | |
| | ¿Cuánto vale la Crisis del Subprime? | | 2008-04-11 09:20:34 | | La Crisis del Subprime va a costarle a las instituciones financieras Norteamericanas y de otras regiones, principalmente Europa, una cifra inimaginable. Muchos sienten especial interés por los números y estos parecen indicar, según el FMI, algo cercano al trillón de dólares (unos 980 billones de dólares), en todo caso, una cifra incomprensible.Dicho esto, nuestro interés se encamina a estimar cuánto nos va a costar a nosotros los inversionistas el actual embrollo y para ello debemos intentar establecer un valor justo del mercado representado por las 500 empresas del índice S&P.Antes de entrar en materia, permítanme reiterar mi opinión presentada en el ensayo anterior: la actual crisis generada por los títulos de baja calificación se resolverá en tiempo perentorio. Ya se muestran (muy recientemente) nuevas fuerzas de recomposición esta vez representadas por fondos privados de inversión interesados en capitalizar a las instituciones más afectadas. Así tenemos al gru | | By: Las Finanzas | | |
| | Goldman CEO says credit crisis in later stages | | 2008-04-11 05:37:00 | | NEW YORK - GOLDMAN Sachs Group Chief Executive Lloyd Blankfein said on Thursday markets are probably in the late stages of the global credit crisis that began last summer, but he would not predict when it will end.'We're closer to the end than the beginning,' Mr Blankfein said at the bank's annual shareholder meeting. 'I think we're getting to that point where people are seeing the light at the end of the tunnel.' He estimated the markets are more than half way to recovery, but declined to forecast how long the crisis would persist.'Maybe we're at the end of the third quarter, beginning of the fourth quarter,' he said, though he cautioned that a recovery may still take a long time.'If you watch sports, sometimes there's a lot of timeouts in the fourth quarter. It takes longer to play than any of the other quarters, and sometimes it ends in a tie and goes into overtime.' That said, Mr Blankfein told shareholders that Goldman always prepares for the worst as it weighs potential risks in | | By: How to be Rich, Happy and Free from Scams | | |
| | No somos los que peor vamos en la crisis | | 2008-04-11 03:09:43 | | El FMI ha publicado sus previsiones de crecimiento para este año y el siguiente. Si nos centramos en España vemos que el crecimiento no va a ser muy alto. España crecerá al 1,8% este año y el...
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| | By: Karakeando por la Web | | |
| | Olympic Official Calls Protests a ‘Crisis’ and Chides China on Rights | | 2008-04-10 21:11:37 | | By ANDREW JACOBS
BEIJING — China faced rare criticism of its human rights record from the head of the International Olympics Committee on Thursday, even as calls for a boycott of the opening ceremony of the Games grew louder in Europe and the United States.
The president of the Olympic committee, Jacques Rogge, called on the authorities [...] | | By: ArticlesModern | | |
| | Open Pantry's crisis local; global food crisis grows | | 2008-04-10 07:26:43 | | This morning I turn on the TV and see Former Labor Secretary Robert Reich warning about a depression. I go to the NY Times and read the world is in a food crisis. I open the local paper to see that Open Pantry Community Services may have to cut back on its services in April unless the public can pitch in to help.Last year more than 27,000 people-- in a city of less than 150,000!-- came to the Open Pantry Food Pantry for help. People ate a meal at the Loaves & Fishes Soup Kitchen more than 100,000 times. More than 1,000 homeless people received assistance from Open Pantry's Open Door case managers. And three shelters put a roof over the heads of teen mothers, women in recovery and homeless families.Having an impact on the global economy is not impossible, but billions of people are affected and billions will have to be part of the solution. But if you donate money or food to the Open Pantry, you can pretty easily picture that money converted to a meal for a hungry family.Pleas | | By: Michaelann Land | | |
| | ¿No hay crisis económica en España? | | 2008-04-10 05:34:17 | | El panorama se oscurece por momentos. Estados Unidos va a sufrir una 'leve recesión', los demás países occidentales ya se han contagiado y la economía española también se halla en una delicada situación. El Fondo Monetario Internacional (FMI) rebajó ayer drásticamente -nada menos que en nueve décimas- su previsión de crecimiento para España durante este año, para situarla en el 1,8%. De cara a 2009, estima que el PIB aumentará un 1,7%. Ambas son cifras muy inferiores a las del Gobierno, que mantiene su estimación en el 3,1% para 2008 y calificó esos cálculos de «excesivamente pesimistas». La institución presidida por Dominique Strauss-Kahn aconseja al Banco Central Europeo (BCE) bajar los tipos de interés -aunque no sugiere cuándo ni cuánto- porque, si bien el actual nivel de inflación es demasiado elevado, el negativo panorama hará caer la actividad, y con ella los precios. El instituto emisor no parece que vaya a atender esa recomendación. Se reúne hoy y, p | | By: Rayando La Línea | | |
| | OECD warns that subprime crisis is not over: report | | 2008-04-09 03:27:00 | | PARIS - THE subprime crisis is not over, the head of the OECD Angel Gurria said on Wednesday, describing it as a 'collective bankruptcy' and damning failures throughout the chain of financial risk and regulation.Mr Gurria was particularly critical of supervision of the financial sector, telling the French newspaper Liberation that the rules 'were not sufficiently respected or were not strict enough.'He said: 'The entire institutional chain, well oiled, all this sophistication, on Tuesday the pride of the authorities, has been put into question by this collective bankruptcy.'In this respect, he pointed his finger at 'the banks, the investment funds, intermediaries, the credit rating agencies, the insurers.'The Organisation for Economic Cooperation and Development works on behalf of 30 industrialised nations to study conditions in many areas of economic management and to advise on best practice.On Tuesday the International Monetary Fund estimated that what it termed the collective failur | | By: How to be Rich, Happy and Free from Scams | | |
| | Credit crisis gets worse, says IMF | | 2008-04-08 22:14:00 | | The widening and deepening fallout from the US subprime mortgage crisis could have profound financial system and macroeconomic implications, according to the IMF`s latest Global Financial Stability Report (GFSR). At present, the issuance of most structured credit products` instruments that pool and tranche credit risk exposures in various ways` is at a standstill and many banks are coping with losses and involuntary balance expansions, the April 2008 report said. The report examines this and other forces that could push the current credit crisis into a full credit crunch, as well as offering policy recommendations to mitigate the impact.``Financial markets remain under considerable stress because of a combination of three factors,`` said Jaime Caruana, head of the IMF`s monetary and capital markets department. ``First, the balance sheets of financial institutions have weakened; second, the deleveraging process continues and asset prices continue to fall; and, finally, the macroeconomic | | By: Indian stock markets | | |
| | David Baruch: "Israel's real estate market will be hit by the US sub-prime crisis." | | 2008-04-08 18:55:00 | | "A slowdown in Israel is a certainty and a sharp drop in foreign investment in both commercial and residential real estate is probable," predicts Excellence Investments CEO David Baruch. He made the comment during the annual conference of the Association of Contractors and Builders in Israel in Eilat on Friday. There were more than 950 participants at the event at the Princess Hotel.Baruch added, "The sub-prime crisis has created capital distress at foreign banks, with the result that Israeli developers in international markets will find it difficult to obtain credit. The price of credit in Israel and overseas will go up."
| | By: Israel real estate | | |
| | IMF Says Credit Crisis Threatens Economy | | 2008-04-08 10:56:00 | | By Christopher S. Rugaber, AP Business Writer IMF Says Credit Crisis, Despite Some Recent Improvement, Remains Threat to Economic Growth WASHINGTON (AP) -- The International Monetary Fund on Tuesday said the global credit crisis, despite some recent improvement, remains a significant threat to economic growth.Despite "unprecedented intervention" by central banks such as the Federal Reserve, "financial markets remain under considerable strain, now compounded" by a slowing economy, low levels of capital at financial companies and widespread efforts to unload debt, the fund said.The U.S. mortgage and credit crises could cause almost $1 trillion in financial losses, the IMF said in an update to its Global Financial Stability Report, with $565 billion of those losses stemming from the residential mortgage market and related securities, and the rest from the commercial real estate, consumer credit and corporate debt markets.That figure includes $200 billion in losses that banks have already | | By: How to be Rich, Happy and Free from Scams | | |
| | | La crisis económica llegó a las cárceles | | 2008-04-05 20:02:13 | | En al menos 8 estados de Estados Unidos planean liberar a miles de reos por falta de dinero,Si lo hicieran, los estados de California y Kentucky podrían ahorrarse hasta $450 millones
AP | | By: Atronao | | |
| | Marketing de guerrilla para hacer frente a la crisis inmobiliaria | | 2008-04-01 09:05:00 | | Red Expertos Inmobiliarios imparte cursos de formación en marketing de guerrilla a agencias inmobiliarias de toda España
Red Expertos Inmobiliarios ha puesto en marcha una campaña de cursos de formación especializados en marketing de guerrilla, para agencias inmobiliarias de toda España. El objetivo de la Red es enseñar a los profesionales del sector las últimas técnicas en marketing para hacer | | By: Actualidad inmobiliaria | | |
| | Crisis inmobiliaria. La responsabilidad de los promotores | | 2008-04-01 01:54:00 | | La petición que los promotores inmobiliarios quieren cursar al Gobierno para que éste apruebe rebajas fiscales, con el fin de reactivar el sector, no solo pone de manifiesto la magnitud de la crisis por la que atraviesa sino que aquí, al final, nadie quiere corregir los problemas relacionados con la vivienda, problemas de los que los promotores, ahora víctimas, también son, en cierto modo, causa. | | By: Actualidad inmobiliaria | | |
| | Orígenes de la Crisis del “Subprime” | | 2008-03-31 10:57:39 | | La historia de la humanidad nos tiene acostumbrado a presenciar, con alguna frecuencia, el estallido ó pinchazo de burbujas tanto económicas como financieras producto del recalentamiento de la actividad industrial ó simplemente por la exacerbación de precios de algún mercado en particular. Una de las más recientes y mejor reseñadas fue la ocurrida durante la década de los noventa del siglo pasado en donde se llegó a pensar que nos encontrábamos frente a un escenario mundial totalmente inédito como consecuencia del desarrollo del comercio a través de la World Wide Web.Como en toda burbuja, se estableció la creencia generalizada que no había límites a las posibilidades de crecimiento idea que, aplicada a las empresas del “e-commerce”, desencadenó un exuberante furor bursátil el cual mantuvo su curso prácticamente incansable hasta su cenit registrado en Marzo del 2000.A partir de esa fecha, se produce un descenso progresivo del mercado accionario norteamericano, fen | | By: Las Finanzas | | |
| | | Don Piso cerró 27 oficinas en 2007 por la crisis inmobiliaria | | 2008-03-29 04:21:00 | | Donpiso, empresa especializada en intermediación inmobiliaria, ha anunciado que de las 389 oficinas que constituían su red en 2007, sólo 27 –un 6,9%- han tenido que cerrar sus puertas debido a la situación inmobiliaria actual. Además, Donpiso ha comunicado que se llevaron a cabo once nuevas aperturas a lo largo de 2007 y dos en lo que llevamos de año. Durante estos tres meses de 2008, seis han | | By: Actualidad inmobiliaria | | |
| | | | | Iraqi Leaders Face Grave Shiite Crisis | | 2008-03-25 17:30:17 | | BAGHDAD (AP) - Iraq’s leaders faced their gravest challenge in months Tuesday as Shiite militiamen loyal to anti-American cleric Muqtada al-Sadr battled for control of the southern oil capital, fought U.S. and Iraqi troops in Baghdad and unleashed rockets on the Green Zone.
Armed Mahdi Army militiamen appeared on some Baghdad streets for the first time [...] | | By: TexasFred's | | |
| | Uno más uno, dos: la crisis provoca un exceso de oferta y un "importante" descenso de precios inmobiliarios | | 2008-03-25 02:13:00 | | Uno más uno, dos. Esta es la realidad de la crisis inmobiliaria: descenso en los precios, sobreoferta y ausencia de demanda continúa sobrevolando el mercado del ladrillo en España. El mito de que los pisos nunca bajan se tambalea. Las "dificultades" que actualmente afronta el sector inmobiliario español están provocando la salida al mercado de multitud de activos y un "exceso de oferta" de los mismos, según la consultora Dyrecto. "Cada día captamos mucho producto en venta, hemos pasado de una situación en la que teníamos que salir a buscar a otra de exceso de oferta", según indicó la firma en un comunicado. Ello se traduce en que, en ocasiones, "la propiedad se ve obligada a rebajar sus expectativas y a presentar los activos para venta con una importante reducción del precio, siempre por debajo de la valoración de mercado, con el objetivo de facilitar la venta y que el futuro comprador no encuentre tantas trabas a la hora de acceder a la financiación bancaria". Esta | | By: Arcosan noticias | | |
| | Sub-prime crisis and India | | 2008-03-20 03:31:00 | | There is a lot happening in US because of the sub-prime crisis . I was reading in some website that there was no sub-prime lending in India. Sub-prime lending is about giving a loan to a person with poor credit history. In India, lending to people with poor credit history is minimal . If we look at the chunk of middle class home loan borrowers, they have good credit history.But their hefty home loan EMI payments are dependent highly rather solely upon their pay checks. A lot of borrowers are fro | | By: Personal Finance | | |
| | US economist calls financial crisis worst since 1930s | | 2008-03-19 23:02:00 | | The current financial crisis is the worst the world has seen since the Great Depression of the 1930s and the US Federal Reserve move to cut interest rates will not make much difference, the Nobel Prize winning economist Joseph Stiglitz said on Wednesday. "It will have some impact - it will do a little bit to stem the blood - but it's not addressing the fundamental problems underlying the collapse of the financial sector," Joseph said. Stiglitz, who won the Nobel Prize in economics in 2001, is a former chief of the World Bank and chaired former US president Bill Clinton's council of economic advisers. He is in New Zealand on a lecture tour. He said the Federal Reserve's move to cut its funds rate by three-quarters of a percentage point was "just trying to ease the economy down rather than try to address the underlying problems." Stiglitz said the main problem was the fact that an estimated 2 million Americans were going to lose their homes because they could not repay mortgages | | By: Indian stock markets | | |
| | Housing Crisis? | | 2008-03-19 08:06:00 | | I have to admit I have not been paying much attention to the recent housing/mortgage problems everyone is talking about. I know that lenders offered really nice deals to people because of the low interest rates and now that interest rates are going up they can't afford to pay their payments anymore.I have mixed feelings about the whole thing. I mean, when we bought our house I did look at what the monthly payment would be. Afterall we had to be able to pay it. But I also took into consideration the interest rate and the amount we would pay over the life of the loan.I have to wonder who, if anyone, is to blame for this huge amount of Mortgages that are now going into foreclosure. Are the borrowers to blame for not making sure they could afford the payment if the interest rate went up? Are the lenders to blame for not making sure their borrowers could afford the loan if the rate went up? I am not sure.I do hope this mistake is something everyone learns from. If it sounds too good to be t | | By: Organized Chaos | | |
| | Proposals to solve foreclosure crisis | | 2008-03-18 14:55:00 | | Problem: Many homeowners are trapped by declining home values, prepayment penalties and high variable interest rates.Proposal: The Emergency Home Ownership and Mortgage Equity Protection Act would allow bankruptcy judges to modify the terms of a mortgage loan to strip out prepayment penalties, high interest rates and other fees and charges. Judges also could reduce the principal amount to the actual present value of the home. Current law already allows modifications to payments on second homes; the bill would extend that to primary residences.
| | By: Foreclosures News | | |
| | U.S. economy in crisis as it pays price for greed | | 2008-03-18 00:18:00 | | And that is how even the most solid companies, Bank Hapoalim and Bank Leumi fell sharply Monday, along with Africa Israel and The Israel Corporation. And Teva and Israel Chemicals. That is the definition of a crash - everything falls without any distinction between good and bad, including government bonds. Real estate prices are dropping, and oil and commodity prices are skyrocketing. Exporters to the U.S. are hurting from the weak dollar, and a credit crisis is now choking economic activity. The Israeli economy is no longer expected to grow by 5% this year, but only by 3.5%. So maybe this is not really a panic, but just an intelligent and accurate appraisal of reality.
| | By: Israel real estate | | |
| | The "Final Four" Lessons of a Financial Crisis | | 2008-03-17 21:26:00 | | “A forecast is never so useful as when it warns man of a crisis.” ~ Bertrand de Jouvenal, The Art of Conjecture (1977) Falling real estate prices, an unrelenting decline in the U.S. dollar, gasoline prices approaching $4 a gallon, gold hitting $1,000 an ounce, a grinding bear market on Wall Street…. How does one survive and prosper during a financial crisis that just won’t go away? The latest crisis occurred this weekend, when the Federal Reserve engineered a bailout of Bear Stearns, a major U.S. bank that was selling for $70 a share just a week ago, and today is selling for under $4. The Fed also cut a quarter point off the Discount Rate, and opened up the Discount Window to brokerage firms for the first time since the Great Depression. It is expected to cut the Fed Funds Target Rate substantially at its meeting tomorrow. | | By: Indian stock markets | | |
| | | Humanity's Identity Crisis | | 2008-03-17 09:09:35 | | From Boing Boing:
A major theme of this present century will be the pursuit of our collective identity. We are on a search for who we are. What does it mean to be a human? Can there be more than one kind of human? In fact, what exactly is a human? On average science unveils a n | | By: CR4: The Engineer's Place for Discussion & New | | |
| | WFP Post-Election Crisis Update | | 2008-03-17 03:12:35 | | Emergency Food Requirements – EMOP 10374.0WFP is supporting the Government of Kenya (GoK) through the Kenya Red Cross (KRC) in providing general food rations to people displaced and/or affected by the crisis in north and south Rift Valley, Nyanza, Western, Central and Nairobi (slums) provinces. WFP food complements commodities provided by the Government (mainly cereals) and KRC. WFP is also supporting UNICEF with fortified food to prevent or address malnutrition of children and pregnant and lactating women. To date, GoK, KRC and WFP have jointly distributed 5,000 MT of assorted food commodities to 436,565 people, including 276.065 displaced people in Western, Nyanza, Rift Valley and Central Provinces, and 160,500 vulnerable people affected by the crisis in the slums of Nairobi and Kisumu.Population movements to areas of origin continue at a slower pace than the previous weeks. WFP is planning with its partners to provide one/two-week rations at transit points in Kisumu. Over the past | | By: Indonesia Type Approval/homologation/Compliance ce | | |
| | Israel real estate stocks hit 2 year low as credit crisis reaches Tel Aviv | | 2008-03-14 23:09:00 | | The crisis has not ignored Tel Aviv. After chasing real estate stocks blindly in expectation that the party would never end, investors are now scared. The fall of developer Heftsiba last August, and the financial chaos in its wake, had its effect. True, in the real estate sector they never stopped trying to convince us that Heftsiba was a one-off, specific problem - mostly criminal and not economic. But it certainly should have set off a warning light. The Israel Real Estate 15 is now 46% below its record high of last May. Many of the index's firms are now trading at a value below its shareholder equity.
| | By: Israel real estate | | |
| | Soriano Hostage Crisis: Day 2 (Angels at Cubs, 3:05 CT) | | 2008-03-14 13:00:00 | |
As day two of the Alfonso Soriano Lineups Hostage Crisis breaks over Mesa, the air hangs heavy with tension. Tension so thick you can sense it, feel it, smell it. Or maybe that's the lockerroom. But anyway, it's tense.
In a suprise move to anyone who doesn't obsess over Cubs blogs all day, after hailing Soriano as "a great success" in the leadoff spot, Manager Lou Piniella inexplicably dropped him in the order to the number 2 spot. The move bats Soriano behind fan favorite Ryan Theriot, who has not been a great success hitting anywhere in the lineup. Soriano was devastated.
"The first time I bat second in a big-league game [and] somebody was on base," Soriano said. "I did not feel very comfortable. I think I'll have to make a little adjustment. I have to play a couple more games batting second and see how I feel.
As this story goes to press, there is no word on whether Ryan Theriot plans to apologize to Soriano for being on base.
For now, Cubs fans can only watch and wonder. | | By: A League of Her Own | | |
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