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Democratic presidential nominee, Barack Obama, has described the US economy as fragile and has said he would press for middle-class tax cuts if elected.
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September 8th, 2008 | Posted in General | No Comments
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The Bush administration has seized troubled mortgage giants Fannie Mae and Freddie Mac.
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September 8th, 2008 | Posted in General | No Comments
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Everything seemed pretty normal at the turn of the century in the housing market 7% mortgages 4 to 5 percent appreciation. Then 911 happened and the Fed (Greenspan) seemed to panic and started lowering the Fed Funds rate. There is usually not a direct correlation between the Fed Rate and mortgage rates. However as I [...]
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September 8th, 2008 | Posted in Finance & Economy | No Comments
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Election time is a crazy time here in the U.S. I’m fascinated by what happened when John McCain, the presidential candidate from the Republican Party, chose a woman that no one on the Democratic side clearly anticipated. In campaigns people can say some rather hurtful things, and given the feelings surrounding Hillary Clinton’s loss, really stupid things.
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September 8th, 2008 | Posted in Technology | No Comments
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ST. PAUL, Minn. (BP)–With confetti falling and balloons popping, exuberant delegates at the Republican National Convention Sept. 4 settled down long enough for nominee John McCain’s pastor, a Southern Baptist, to deliver the closing prayer.Dan Yeary,
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September 8th, 2008 | Posted in Politics | No Comments
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Over the weekend I posted that the SPX should be expected to retrace 50% of the recent decline back to former support at 1,261 where resistance should be considerable and if 1,261 is bettered then 1,270 to 1,275 wont be. Well it looks like 1,261 has been totally by-passed but SPX does have a support/resistance [...]
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September 8th, 2008 | Posted in Finance & Economy | No Comments
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WASHINGTON — The new head coach of the Washington Redskins is quickly making his way around town. Jim Zorn spent a few hours biking with President Bush on Sunday morning at Fort Belvoir, Va., one of the commander in chief’s favorite spots to ride. Bush
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September 7th, 2008 | Posted in Politics | No Comments
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When Larry Page and Sergey Brin founded Google on Sept. 7, 1998, they had little more than their ingenuity, four computers and an investor’s $100,000 bet on their belief that an Internet search engine could change the world. It sounded preposterous 10 years ago, but look now.
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September 7th, 2008 | Posted in Technology | No Comments
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NPR Senior News Analyst Daniel Schorr comments about the legacy of investigations of impropriety from the Bush administration.
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September 7th, 2008 | Posted in Politics | No Comments
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By BRIAN SKOLOFF, Associated Press Writer KEY WEST, Fla. - “Extremely dangerous” Hurricane Ike grew to fierce Category 4 strength Saturday as it roared on an uncertain path that forced millions from the Caribbean to Florida, and Louisiana to Mexico, to nervously wonder where it would eventually strike.Preparations stretched more than 1,000 miles as the [...]
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September 7th, 2008 | Posted in Finance & Economy | No Comments