Mortgage and Financial News From 2008-4-7 Page 8
Previous Day: 2008-04-06
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Yen Falls Against Dollar, Euro as Stocks in Europe, Asia Gain (Bloomberg.com)
April 7 (Bloomberg) -- The yen fell the most in almost a week against the dollar and euro as stock gains encouraged investors to buy higher-yielding assets funded in Japan.
2008-04-07 04:58:20 -
North Platte growth continues, just a little slower (North Platte Bulletin)
The construction season is just beginning to blossom, and North Platte building director Dave Hahn is confident it will be a relatively busy year. The start, however, is relatively slow.
2008-04-06 12:10:34 -
The Mortgage Bust Goes Global (NYTimes.com via Yahoo! Finance)
The consequences of millions of foreclosures across the U.S. are also being felt far overseas.
2008-04-06 03:40:28 -
A Dose of Libertarian Paternalism (Washington Post)
About 25 years ago, Cass Sunstein opened a retirement account that had two portfolios. One was mostly bonds, the other mostly stocks. Like many academics who use the TIAA-CREF investment program, Sunstein divided his money equally between stocks and bonds.
2008-04-06 07:32:51 -
Bank of England May Cut as Mortgage `Panic' Spreads (Update1) (Bloomberg.com)
April 7 (Bloomberg) -- The Bank of England may be forced to cut its main interest rate this week as the credit squeeze spreads to the mortgage market, exacerbating the worst housing downturn since the last recession in 1991.
2008-04-07 03:43:33 -
Yuan Gains to Post-Peg High as China Seeks to Curb Inflation (Bloomberg.com)
April 7 (Bloomberg) -- The yuan rose to the strongest since the end of a dollar link in 2005 on speculation China will accelerate its pace of currency appreciation to help stem inflation at an 11-year high.
2008-04-07 03:08:49 -
Action bias colors thinking (Fort Wayne Journal Gazette)
On Oct. 10, 2002, Hillary Rodham Clinton stood in the Senate to explain why she was authorizing President Bush to use force against Iraq: “In balancing the risks of action versus inaction, I think New Yorkers who have gone through the fires of hell may be more attuned to the risk of not acting. I know that I am.”
2008-04-07 03:15:12 -
The myth of free markets (Student Life)
If the financial turmoil of the past few months taught us anything, it is this: government matters. In a strong rebuke to libertarian economists and ideologues on the right, our government has demonstrated its role as the foundation of all-market action.
2008-04-07 03:27:39 -
Ukraine: ”floating the hryvnia arms the National Bank to fight inflation now” (Unian)
Let the hryvnia exchange rate appreciate to contain Ukraine`s inflation. Ukraine`s inflation has got out of control. In February, it surged to no less than 22 percent over February 2007, doubling from 11.6 percent in 2006.
2008-04-07 03:28:13 -
Raymond James: On Solid Ground (Kiplinger.com)
This financial company hasn't been tainted by subprime mortgages. Even better, the shares are relatively inexpensive.
2008-04-07 03:47:52 -
Fuzzy Tax Talk (Kiplinger.com)
The presidential candidates are sketchy on the details, but here's what we know about their plans to modify the tax code.
2008-04-07 03:48:02 -
Discover Financial Services to Acquire Diners Club International Network (Business Wire via Yahoo! Finance)
RIVERWOODS, Ill.----Discover Financial Services announced today that it has signed an agreement with Citi to acquire Diners Club International, resulting in a global payments network with increased transaction volume and worldwide acceptance of Discover Network cards once the networks are fully integrated.
2008-04-07 03:53:00 -
New Zealand Signs Free-Trade Agreement With China (Update1) (Bloomberg.com)
April 7 (Bloomberg) -- New Zealand today became the first developed country to sign a free-trade agreement with China, giving the island nation's farm exporters unfettered access to the world's fastest-growing major economy.
2008-04-07 03:53:35 -
Currencies: Dollar higher; renewed risk appetite sinks yen (Market Watch)
LONDON (MarketWatch) - The U.S. dollar was higher against major counterparts Monday, finding support as Asian equity markets started the week on a positive note.
2008-04-07 03:54:21 -
5 Apr, 2008, 0020 hrs IST,Shishir Prasad & Pravin Palande, TNN (The Economic Times)
Dr Nachane works in Indira Gandhi Institute of Developmental Research, which sprawls over a hill in Goregaon, 30 km from the nerve centre of Indian capitalism Dalal Street. These two worlds stay apart.
2008-04-07 03:54:35