Mortgage and Financial News From 2008-1-13 Page 15

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  • Banks taking Swan for a mug: Turnbull (The West Australian)

    The country's major banks are treating an inexperienced federal treasurer like a "mug" by independently raising mortgage rates, the opposition says.
    2008-01-13 05:11:47

  • Mayors face test of spreading foreclosures (EARTHtimes.org)

    TRENTON, New Jersey (Reuters) - Mayor Douglas Palmer, meeting with visitors at City Hall, points to a large map peppered with dark dots. Each one represents a home or group of homes on the verge of foreclosure, and there are dozens all over the city.
    2008-01-13 05:24:04

  • UK high street has echoes of 1990's recession (Daily Telegraph)

    The general tone of the trading updates released by retailers so far this year has been dire.
    2008-01-13 05:24:46

  • Brown 'to miss key homes target' (Daily Telegraph)

    Housebuilders warn that looming slump will hit Government's ambitious plans. Philip Aldrick reports.
    2008-01-13 05:26:06

  • Heavy Snow Warning In Effect (Eyewitness News 3 Hartford)

    A heavy snow warning remains in effect from midnight through 7 p.m. Monday.
    2008-01-13 05:27:58

  • Calhoun Released From Hospital (Eyewitness News 3 Hartford)

    University of Connecticut men's basketball coach Jim Calhoun is back at home after being brought to a hospital as a precaution because of flu-like symptoms.
    2008-01-13 05:34:50

  • Comeback time for the 'value' American funds

    Daily Telegraph - Do current conditions mean that 2008 is likely to be another blip in these ... out as the US and is not on anyone’s buy list, it "naturally piques our interest ... Everyone is expecting the Fed to cut rates, but it all depends on how much. If it ...
    2008-01-13 05:01:00

  • Unlicensed, underage driver runs over a three-year-old

    Talk Radio 702 - This means more villages will be submerged, more crops and livestock destroyed and possibly more lives lost, adding to the current death toll of four from the water and two eaten by crocodiles. Back to headlines One incident reported in ANC birthday ...
    2008-01-13 08:11:00

  • Demand for labour strong, and will grow, says ANZ

    News.com.au - ... the current tight labour market conditions are expected to continue well into 2008." Mr Eslake said overall the Australian economy had kept considerable momentum despite the effects of global financial market uncertainty, higher interest rates, the ...
    2008-01-13 04:47:00

  • Spain feels the credit squeeze pain

    MSNBC - ... consumer-led exuberance and construction spending, not helped by very low real eurozone interest rates. Third-quarter annual output growth of 3.8 per cent was still well above the long-term average. Then came the global credit squeeze. With a current ...
    2008-01-13 12:08:00

  • GLOBAL ECONOMY WEEKAHEAD-Can tax cuts ward off U.S. recession?

    Guardian Unlimited - Lowering interest rates may lift economic activity. However, the side effect often can be rising prices. ... While it is hard to look past the current economic rut, some members of the Fed's interest rate-setting committee have sounded hawkish in recent ...
    2008-01-13 11:25:00

  • Sterling takes bigger beating than the dollar

    Daily Telegraph - ... confidence in their economies, among them an overvalued housing market, high levels of personal and corporate debt and record current account deficits. Until recently the pound had been spared a decline because of the high level of UK interest rates ...
    2008-01-13 04:25:00

  • Can weakening economy survive current strains or collapse into a ...

    San Diego Union-Tribune - Federal Reserve Chairman Ben Bernanke pledged to lower interest rates as needed. The idea is to induce people to boost spending ... The current housing slump, made worse by a credit crunch, is weighing heavily on economic activity. Upcoming reports are ...
    2008-01-13 09:52:00

  • Fukui's Cautious Outlook Signals Rates Won't Go Up

    Wall Street Journal - ... the view that Japan's central bank is unlikely to raise interest rates early this year -- something once considered a strong possibility. Some analysts even suggest that the central bank's next move may be to cut rates, although the current 0.5% level ...
    2008-01-13 02:52:00

  • ICICI may cut home loan rates in Q1 2008-09

    Times of India - ... any rate cut for consumers, who have had to reel under a number of interest rate hikes in the current fiscal, would depend on benchmark interest rate trends developing over the coming months. Ruling out any possibility of interest rates firming ...
    2008-01-13 01:12:00

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