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Keyword: nohope

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  • (Hope & Change) PROFESSOR: Zombies Are Popular Because People Have Given Up Hope

    03/16/2013 8:06:16 AM PDT · by DogByte6RER · 18 replies
    Business Insider ^ | Mar. 14, 2013, | Geoffrey Ingersoll
    PROFESSOR: Zombies Are Popular Because People Have Given Up Hope Zombie popularity is a surefire indicator of national mental health, says Clemson University professor Sarah Lauro. Lauro, an English teacher who studied zombies while working on her doctorate, told the Associated Press that the rise of the "Zombie Walk," specifically, illustrates citizens' dissatisfaction with governments and life in general. "We are more interested in the zombie at times when as a culture we feel disempowered," Lauro told the AP. "And the facts are there that, when we are experiencing economic crises, the vast population is feeling disempowered. ... Either playing...
  • Four years after Obama’s election, a tale of two journeys that began full of hope

    11/04/2012 4:03:08 AM PST · by Cincinatus' Wife · 13 replies
    Washington Post ^ | November 3, 2012 | Eli Saslow and Stephanie McCrummen
    ......One afternoon last week, Coleman sat in a room she was renting for $230 a month in the suburbs of Columbia, Mo., with her new boyfriend. The old one hadn’t worked out, like so many things hadn’t worked out. She turned on her computer and opened a file of her photos from four years ago. Her boyfriend, Angad Mathur, had never seen them, and he sat down on the bed beside her. Together they began a 100-picture slide show of what she called “one of the most poignant, overwhelming nights of my life.” A photo of a crowded Grant Park...
  • Chairman Obama's 2-million person Truth Team

    02/14/2012 2:01:54 PM PST · by NYer · 60 replies
    rt.com ^ | February 13, 2012
    Desperate to win re-election, President Obama is taking inspiration from a tactic used by China’s Chairman Mao during so-called "Cultural Revolution."In order to spread his ideology, he creates his own army of brainwashed propagandists who are supposed to popularize talking points sent to them directly from the White House. Modern days hongweibings (Chinese for red guards) are called the Truth Team, and if everything goes as planned, the president will have an army of over two million Americans on his side.The Obama administration unveiled on Monday a campaign created to crush the GOP competition come November, a mission that...
  • Could the victim of an illegal alien criminal sue the federal government...

    12/17/2011 3:17:30 PM PST · by E. Pluribus Unum · 24 replies
    12/17/2011 | E. Pluribus Unum
    ...for not enforcing immigration law? The federal government has practiced a policy of non-enforcement of immigration laws once a person makes it across the border for decades. They have the force of law on their side merely because they have the machinery of law enforcement is under their control. Is there any way to turn the tables on them? If you are the victim of a criminal illegal alien who was known to be here and remained with the tacit approval of the federal government, isn't the government guilty of malfeasance?
  • Obama to Correct the "Historic Mistake" of the Creation of Israel (Video)

    06/29/2010 3:40:25 PM PDT · by Marcus · 121 replies
    Associated Content ^ | june 29, 2010 | Mark R. Whittington
    Richard L. Rubenstein is a distinguished theologian and professor. a Yale Fellow, a Harvard PHD, and a contributing editor to the New English Review. Rubenstein is therefore not exactly the personification of a conspiracy nut. It is therefore bone chilling to hear from his lips that President Barack Obama would very much like to see the destruction of the State of Israel and her people, so long as his hands have personally not shed the blood
  • Calif. Unemployment Rate Holds At 12.5 Percent

    03/26/2010 10:54:48 AM PDT · by Touch Not the Cat · 8 replies · 342+ views
    yahoo ^ | Mar 26, 2010 10:35 am US/Pacific | no byline
    California's unemployment rate held steady at 12.5 percent in February, although the state lost 20,400 jobs, the Employment Development Department reported Friday. The state's loss followed a gain of 32,000 jobs in January. There are 586,400 fewer jobs in California last month than there were at the same time last year, a drop of 4.1 percent. The department said many of the losses last month occurred in the construction industry, which lost 21,500 jobs. Professional and business services grew more than any other sector, gaining 10,000 jobs. "Far too many Californians remain unemployed, and that is why I am so...
  • Dear Mr. President: Kids Share Hopes for Obama in New Book

    02/15/2009 8:57:49 PM PST · by Steelfish · 27 replies · 604+ views
    FoxNews ^ | February 15, 2009
    Dear Mr. President: Kids Share Hopes for Obama in New Book Thousands of kids detailed their hopes and expectations for President Obama in letters and drawings as part of a worldwide project. AP Sunday, February 15, 2009 NEW YORK -- End war, forever. Make the planet greener. Please help my dad find work. Make it rain candy! Thousands of kids detailed their hopes and expectations for President Barack Obama in letters and drawings as part of a worldwide project, with 150 chosen for a free e-book being released on Presidents Day. Most had tall orders for the new guy in...
  • Justice Alito Notes Eugene McCarthy Used ‘Hope And Change’ Mantra In 1967

    12/05/2008 1:48:04 AM PST · by Halfmanhalfamazing · 1 replies · 820+ views
    Newsbusters ^ | December 4th | Kerry Picket
    Justice Samuel Alito was the featured keynote speaker at the American Spectator’s annual Robert L. Bartley dinner at Washington’s Mandarin Oriental hotel last night. Along with taking a crack at the new vice-president elect (h/t Politico), he also joked about the famous 2008 Obama campaign mantra of “Hope and Change.” (Eyeblast.tv has the audio uploaded here:)
  • McCain exits campaign money race

    04/22/2008 12:35:06 AM PDT · by The_Republican · 28 replies · 87+ views
    Politico ^ | April 22nd, 2008 | JEANNE CUMMINGS
    John McCain is abandoning any hope of catching the Democrats in fundraising.Based on new financial disclosure reports released Sunday, and interviews with his finance team, the Republican Party’s presumptive nominee will instead accept taxpayer money to finance his general election and share other costs with the Republican National Committee. The strategy will allow McCain to stretch his campaign dollars by splitting the cost of television advertising and other campaign activity with the RNC. But the decision also puts the Arizona senator at risk of being badly outspent – even with RNC help – by a Democratic nominee who will be...
  • Rezko Had Better Hope He Can Find Some Spare Change

    03/06/2008 6:02:37 AM PST · by .cnI redruM · 21 replies · 162+ views
    RedState.com ^ | 5 March 2008 | .cnI redruM
    Times have gotten hard for fat cat Democratic Party fixers these days. The cruel and cynical America that sends Michelle Obama retreating to her prosac, has decided to take a hard and vicious look at the finances of Senator Obama’s and Governor Blagojevich’s Magic Man, Tony Rezko. It turns out Tony lives the life of Rielly on the bankroll of Wat Tyler. ABC News has decided to experiment in the black art of journalism and dishes the sordid details.Accused Illinois fixer Antoin "Tony" Rezko is in debt by $50 million and relies on "family" handouts of $7,500 a month to...
  • Rezko In Debt $50 Million; How Did He Afford Obama Lot? ...Rezko Depends on Family Handouts

    03/06/2008 5:17:41 AM PST · by .cnI redruM · 42 replies · 573+ views
    Copyright © 2008 ABC News Internet Ventures ^ | March 5, 2008 | By BRIAN ROSS and RHONDA SCHWARTZ
    Accused Illinois fixer Antoin "Tony" Rezko is in debt by $50 million and relies on "family" handouts of $7,500 a month to pay monthly costs, according to a previously sealed court transcript reviewed by ABC News. Rezko's bleak financial picture raises the question of how the Rezkos were able to buy a vacant lot adjoining the home of Sen. Barack Obama in 2005, at a time Rezko says he was already in deep debt. Rezko also reveals in the testimony, before Judge Amy St. Eve on Jan. 16, 2007, that he already knew he was under federal investigation at the...
  • Real estate: More price drops, more layoffs

    10/17/2007 6:05:33 AM PDT · by Hydroshock · 8 replies · 300+ views
    <p>BOSTON (CNNMoney.com) -- For those in the real estate industry and for those looking to buy or sell a home, it could take until 2009 to catch a break.</p> <p>That's the forecast from Doug Duncan, chief economist for the Mortgage Bankers Association (MBA), who will present his outlook to an auditorium full of real estate professionals on Wednesday morning.</p>
  • Housing starts, permits plunge

    <p>NEW YORK (CNNMoney.com) -- Builders continued to slam the brakes on new homes in September, as the government's latest reading on the battered market out Wednesday showed housing starts and permits were weaker than expected at levels not seen for more than a decade.</p>
  • Weak dollar prompts record foreign buyouts of U.S. companies

    10/02/2007 1:16:48 PM PDT · by LM_Guy · 42 replies · 218+ views
    IHT.com ^ | 10/02/2007 | Robert Weisman
    European, Asian and Canadian companies are taking advantage of the weaker dollar to buy their U.S. counterparts at a record pace, increasing investment in the United States but also raising fears about a potential loss of jobs and autonomy. "We could be looking at the world's largest tag sale if we continue to see declines in the dollar," said Donald Klepper-Smith, chief economist at DataCore Partners. In the latest large deal aided by a weak dollar, Commerce Bancorp, which is based in Cherry Hill, New Jersey, agreed Tuesday to be acquired by Toronto-Dominion Bank of Canada in a cash-and-shares deal...
  • Fate of World Economy Lies with U.S. Housing --Greenspan

    10/02/2007 7:27:22 AM PDT · by ex-Texan · 80 replies · 279+ views
    Sign on San Diego ^ | 10/1/2007 | Sumeet Desai
    LONDON – The fate of the world economy hinges on what happens to house prices in America and that may not be a good thing, former Federal Reserve chairman Alan Greenspan said on Monday. Speaking at the Reuters headquarters in London, the former Fed chair delivered a gloomy prognosis on the state of the global economy – U.S. house prices are likely to fall further and they could drag the rest of the world with them. * * * “The critical variable in this judgement is the price of homes in the United States,” said Greenspan, who ran the U.S....
  • Pending home sales at record low

    10/02/2007 7:52:07 AM PDT · by Hydroshock · 14 replies · 260+ views
    <p>NEW YORK (CNNMoney.com) -- The meltdown in the mortgage market in August dried up the supply of buyers for homeowners looking to sell their homes, as an industry group report showed the lowest level of homes under contract on record.</p>
  • California cities fill top 10 foreclosure list

    <p>NEW YORK (CNNMoney.com) -- The binge that many housing markets went on in the early- to mid-2000s is over, and some of the hottest markets like California are now experiencing the worst hangovers.</p> <p>But other areas, especially many that recorded slower home price growth earlier this decade, have seen little increase in foreclosure rates, according to the latest data released Tuesday from RealtyTrac, the online marketer of foreclosure properties.</p>
  • Credit card defaults keep rising, report says

    <p>NEW YORK (CNNMoney.com) -- American consumers are defaulting on their credit cards at a sharply higher rate compared to last year, in what could be another consequence of the recent subprime mortgage market crisis, according to a report published Tuesday.</p>
  • No Savior for Mortgage Biz

    08/28/2007 6:45:15 AM PDT · by Hydroshock · 24 replies · 490+ views
    <p>Waiting to see big banks piling into the mortgage business a la Bank of America (BAC - Cramer's Take - Stockpickr - Rating)? Don't hold your breath.</p> <p>BofA surprised Wall Street last week by making a $2 billion bet on struggling Countrywide (CFC - Cramer's Take - Stockpickr - Rating). The news, announced after the close last Wednesday, gave Countrywide's sinking stock a one-day reprieve.</p>
  • US recession risk highest since 9/11 -- ex-Treasury secretary [OH NO! WE'RE DOOOOOOOMED!!!!]

    WASHINGTON (AFP) - Former US Treasury secretary Larry Summers said Sunday it was too early to declare the financial markets crisis over and said chances had risen sharply of an economic downturn in the United States. ADVERTISEMENT Despite interventions by the US Federal Reserve last week which appeared to reverse heavy selling pressure over the collapsing US housing debt market, Summers said the risk of recession was its highest since the immediate aftermath of the September 11, 2001 attacks. "We certainly saw some repair and some return to normality this week, but I think it would be far premature to...
  • Countrywide CEO sees recession ahead

    08/25/2007 5:59:22 AM PDT · by Hydroshock · 153 replies · 2,205+ views
    <p>NEW YORK (Reuters) - Countrywide Financial Corp Chief Executive Angelo Mozilo said on Thursday the U.S. housing downturn is likely to lead the country into recession, but that the largest U.S. mortgage lender will survive.</p> <p>In an interview, Mozilo also said that to promote liquidity, the U.S. Federal Reserve should cut the rate it charges banks to borrow.</p>
  • Bonds still riding high on credit fears (Depression on Steroids!!)

    NEW YORK (CNNMoney.com) -- Bond remained higher Friday despite a surprisingly strong durables goods reading as credit worries continued to trouble investors. The dollar fell against the euro and the yen. Video More video Luke Newman joins CNN to explain how a private investor can build a balanced portfolio in uncertain times. Play video The 10-year benchmark note gained 8/32, or $2.50 on a $1,000 note, to yield 4.62 percent, down from 4.64 late Thursday. Bond prices and yields move in opposite directions. Bernanke: The un-Greenspan The closely watched three-month Treasury bills, which have been the focus of the market...
  • Homeowner group slams Countrywide

    08/24/2007 6:41:18 AM PDT · by Hydroshock · 49 replies · 1,124+ views
    NEW YORK (CNNMoney.com) -- Countrywide Financial, the nation's biggest home lender and one of those most affected by the subprime mortgage crisis, found itself the target of stinging criticism Thursday from an organization trying to help homeowners in peril. The Neighborhood Assistance Corporation of America said Countrywide (Charts, Fortune 500) was not doing enough to help people who took out subprime adjustable-rate mortgages (ARMs) over the past few years and now may lose their homes. Subprime loans are issued to borrowers with poor credit histories who often lack the funds to make large down payments. Justin Urquhart Stewart of Seven...
  • Rating Firms' Next Subprime Role: Defendant

    As the carcasses of subprime mortgage-backed securities lie rotting on Wall Street, the buzzards are circling heretofore untouchable prey: the rating agencies. Critics say the ratings industry was too late in downgrading mortgage-backed securities, echoing cries after past crises involving Enron, WorldCom and Russian debt, among others. But the current episode comes with a different twist: Rather than merely third-party observers, some sources say Moody's (MCO - Cramer's Take - Stockpickr - Rating), Standard & Poor's and their smaller rival Fitch Ratings played active roles in structuring MBS and related securities. Therefore, they could be deemed underwriters and exposed to...
  • Hedge Funds' World of Hurt

    Remember when Wall Street would obsess over the next leveraged buyout candidate, and hedge fund masters of the universe could raise ungodly war chests with just a handful of phone calls? What a difference a few months make. Lately, hedge fund implosions have replaced the LBO parade as the market's signature event. Investors have seen huge setbacks at funds run by Bear Stearns (BSC - Cramer's Take - Stockpickr - Rating), UBS (UBS - Cramer's Take - Stockpickr - Rating) and Goldman Sachs (GS - Cramer's Take - Stockpickr - Rating), among others, as the credit environment has grown fraught...
  • Subprime may be hitting credit cards, too (Hide under your beds!)

    08/23/2007 1:39:01 PM PDT · by Hydroshock · 80 replies · 2,032+ views
    NEW YORK (CNNMoney.com) -- Fallout from the mortgage mess and lower home prices may have started to creep into the credit card arena, judging from July payments and some initial moves by issuers to tighten the screws on cardholders. After falling for three consecutive months, delinquent payments on credit cards -- defined as more than 30 days late - increased slightly in July, to 4.64 percent from 4.62 percent in June, according to CardWeb.com. A year ago, the delinquency rate was 4.18 percent. The amount of credit card debt consumers are paying off, meanwhile, has fallen. The portion of outstanding...
  • Bloodbath Beckons on Wall Street (Layoffs in big firms)

    Fretting about bonus money is Wall Street's latest fixation, but investment bankers may soon have more pressing worries. September could bring a wave of layoffs as big banks aim to bounce back from the summer's credit market swoon. Mass firings now could help brokerage firms cut costs and show investors they're taking decisive action to compete better in a tough market. It also may have dawned on banking honchos that cutting staff will help preserve whatever's left of their dwindling bonus pools. "I think [bank execs] are thinking, if I cut right now maybe I save some of this bonus,"...
  • Lehman Bros. Amputates Mortgage Arm (Another 1200 people on the unemployment lines)

    08/22/2007 12:33:18 PM PDT · by Hydroshock · 14 replies · 872+ views
    The New York investment bank will cut 1,200 positions in 23 locations as a result of the closing of BNC Mortgage. It will take an after-tax charge of $25 million and a goodwill write-down of $27 million, it said. Lehman said that poor market conditions in the mortgage space of late have "necessitated a substantial reduction in its resources and capacity in the subprime space," according to a release. The company said earlier this summer that it was combining its two non-prime residential mortgage businesses - Aurora Loan Services of Littleton, Colo., which specializes in Alt-A mortgages, and BNC Mortgage...
  • Fed rate cut? Don't bank on it

    08/22/2007 10:42:10 AM PDT · by Hydroshock · 13 replies · 709+ views
    NEW YORK (CNNMoney.com) -- Investors who are counting on the Federal Reserve to cut interest rates sometime in the next month or so may end up badly disappointed. The credit crunch of the last month has convinced many on Wall Street that a cut in the central bank's key short-term interest rate is basically a lock. Stocks jumped Friday after the Fed announced a surprise cut in the little used discount rate that the central bank charges on loans made directly to banks - and again on Tuesday on bets the Fed will cut its other key rate, the fed...
  • H&R Block's Block Financial Unit Switches Short-Term Cap Source

    H&R Block Inc.'s (HRB:H&R Block, Inc News, chart, profile, more Last: 19.79+0.59+3.07% 9:15am 08/22/2007 Delayed quote dataAdd to portfolio Analyst Create alertInsider Discuss Financials Sponsored by: HRB19.79, +0.59, +3.1%) Block Financial Corp. unit withdrew a net of $650 million from its working capital lines of credit to cover capital needs during the credit crunch. The Kansas City, Mo., company said it withdrew $200 million on Aug. 16 and an added $850 million on Aug. 20, using the money to pay off the previous loan. The company said in recent weeks "the credit market has become increasingly constrained and unstable," cutting...
  • As housing flounders Realtors leave profession

    08/22/2007 5:32:12 AM PDT · by Hydroshock · 122 replies · 2,375+ views
    WASHINGTON - Plummeting stock prices. Mortgage lenders filing for bankruptcy or shutting down. Layoffs at homebuilders and banks. Soaring foreclosures and loan defaults. Damage from the nation's slumping housing market is evident throughout the economy and permeates financial markets. Add real estate agents to the growing list of victims, although they know few tears will be shed for them. The National Association of Realtors expects membership rolls to decline this year for the first time in a decade. The group ended 2006 with nearly 1.4 million members — almost double the roughly 716,000 it had in 1997 — but expects...
  • Next victim of mortgage mess: Auto sales

    NEW YORK (CNNMoney.com) -- Already-battered U.S. auto sales could be the next victim of the problems with mortgages, declining home and stock prices as potential car buyers delay purchases due to uncertainty. Industrywide U.S. auto sales in August could be off 10 percent from a year ago, according to an early read from sales tracker Edmunds.com. That follows July sales that were 19 percent below year-earlier levels. Video More video Justin Urquhart Stewart of Seven Investment Management joins CNN to talk about mortgages and the markets. Play video Video More video CNN's Gerri Willis offers tips for weathering the mortgage...
  • Is WaMu the Next Countrywide?

    08/22/2007 5:03:44 AM PDT · by Hydroshock · 20 replies · 1,533+ views
    Countrywide Financial (CFC - Cramer's Take - Stockpickr - Rating) isn't the only big bank threatened by the deepening real estate crisis. An analysis of the largest 20 banks and thrifts by TheStreet.com Ratings shows that four institutions are under-reserved for possible credit losses, a red flag as the economy slows and mortgage defaults rise. Perhaps more troubling, the numbers show that one of those institutions -- Washington Mutual (WM - Cramer's Take - Stockpickr - Rating) -- could join Countrywide in facing serious liquidity problems as worries about the housing and mortgage markets multiply. Meanwhile, another big lender, National...
  • Was the Mortgage a Mistake? (Homeowner just now figures out they are in a hole)

    08/21/2007 8:18:53 AM PDT · by Hydroshock · 177 replies · 5,301+ views
    Two years ago, my wife and I sat at a long conference table in a mortgage-title office in Bethesda. Sitting next to us: our real estate agent, who drew up our bid on a townhouse in Germantown two days after showing it to us. We didn't get an inspection, and I don't recall going back for a second look. We had to act fast or someone else would get it. Our bid won the house -- our very own first home -- and now we had to close the deal. The owners sat across the table. They seemed more nervous...
  • Capital One and the mortgage domino effect

    NEW YORK (Fortune) -- Capital One's shuttered GreenPoint Mortgage is the latest mortgage banking explosion to bump Wall Street's panic meter up a notch, and industry insiders say it is just another indicator that retail banks will be stung by the credit mess they helped create. "Banks are not going to want to be in the mortgage business after all this is over," says Richard Wilkes, a mortgage industry veteran who ran First Nationwide Mortgage before it became a part of Citigroup. More from FORTUNE The Bear truth Where were the cops? Subprime on the Rhine FORTUNE 500 Current Issue...
  • Credit Market Stays in FocusBy Liz Rappaport

    08/20/2007 5:58:39 AM PDT · by Hydroshock · 15 replies · 422+ views
    After a welcome weekend respite from the market's turbulence, investors will quickly learn in the coming week whether Friday's Fed-induced rally was just short-term relief or something more sustainable. Much of that may depend on whether the Fed's move Friday to slice the rate charged at its discount lending window was enough to loosen the noose around normal lending operations around the world. The credit markets remain the lynchpin for any sustained stock market recovery. "We are certainly not out of the woods yet," says Mike Malone, trading analyst at Cowen & Co. "The markets will remain volatile ... until...
  • Paulson: Market turmoil to slow U.S. growth (DUH!!!)

    LONDON (CNNMoney.com) -- Treasury Secretary Henry Paulson said the current turmoil in financial markets will slow economic growth but should not spark a recession, according to a report published Thursday. Paulson told the Wall Street Journal that the turmoil "will extract a penalty on the growth rate" of the U.S. economy, but that "the economy and the markets are strong enough to absorb the losses" without triggering a recession. Treasury Secretary Henry Paulson expects the current market turmoil will slow U.S. economic growth, but he doesn't see a recession occurring. Paulson, the former CEO of Goldman Sachs (Charts, Fortune 500),...
  • Fed sees "downside risks" to economy have increased, OKs 1/2 point cut in discount rate to banks.

    08/17/2007 5:22:20 AM PDT · by Hydroshock · 123 replies · 1,223+ views
    Fed declares "downside risks" to economy have increased, OKs half percentage point cut in discount rate on loans to banks. (Breaking
  • Why Mortgages Blew Up

    08/16/2007 11:10:23 AM PDT · by Hydroshock · 45 replies · 1,340+ views
    Many homebuyers in recent years took out exotic mortgages that ultimately backfired. This raises the question of why such booby-trapped financing was available at all. Fisher Investments Charles Schwab TD AMERITRADE Options House Zecco.com Fidelity Investments The answer, in part, stems from overaggressive marketing of what were once niche products intended only for the most financially sophisticated and creditworthy customers. During the housing boom in recent years, banks began offering such elaborate loans to huge numbers of average homebuyers, allowing them to get in over their heads and contributing to the current mortgage crisis, as many borrowers ended up defaulting....
  • Stocks extend slide on Countrywide news

    08/16/2007 7:25:50 AM PDT · by TigerLikesRooster · 64 replies · 1,528+ views
    AP ^ | 08/16/07 | JOE BEL BRUNO
    Stocks extend slide on Countrywide news By JOE BEL BRUNO, AP Business Writer 20 minutes ago Stocks fell sharply Thursday after a move by Countrywide Financial Corp. confirmed fears of widening problems with some mortgages and tighter access to credit. A sell-off overseas offered Wall Street little reason to try to stanch the bleeding a day after the Dow Jones industrial average closed below the 13,000 mark for the first time since April and the Standard & Poor's 500 index moved into negative territory for the year. Investors' confidence took a drubbing Wednesday on concerns about potential trouble at Countrywide,...
  • Home prices drop for fourth straight quarter

    NEW YORK (CNNMoney.com) -- The price of a typical home in the United States continues to drop but at a slower pace, according to a new survey. During the second quarter, the median single-family home price was $223,800, 1.5 percent less than a year ago, according to the National Association of Realtors (NAR). It was the fourth consecutive quarter of price declines. Condo prices rose 1 percent to a median of $226,800. Despite the continued drop, NAR's senior economist, Lawrence Yun called the results, "encouraging." "Although home prices are relatively flat, more metro areas are showing price gains with general...
  • Countrywide tumbles 19% on financing rumors

    NEW YORK (Reuters) -- Shares of Countrywide Financial Corp. dropped as much as 19 percent Wednesday on market rumors the mortgage company has been unable to raise money from the commercial paper market. Countrywide officials were not immediately available for comment. "People are buying Countrywide puts very aggressively on Wednesday off of rumors that the commercial paper market could be closed to them," said William Lefkowitz, options strategist at brokerage firm vFinance Investments. Puts are options that allow an investor to sell a stock at a preset price by a certain date. Another trader attributed the drop in the stock...
  • Countrywide Crushed Again (Credit line tightening)

    1. VMware IPO Debut Dazzles 2. Thornburg Postpones Dividend 3. Top 10 Potential Takeover Targets 4. The Top Buffett Value Stocks 5. The House That Won't Sell: Walk Away? Fidelity Investments E*TRADE FINANCIAL TD AMERITRADE Options House Zecco.com Charles Schwab The run on Countrywide (CFC - Cramer's Take - Stockpickr - Rating) stock intensified Thursday morning after the struggling mortgage lender said it drew down its $11.5 billion unsecured bank credit line. The Calabasas, Calif., lender said it made the move as it "supplemented its funding liquidity position." The announcement came just a day after Merrill Lynch cut its rating...
  • World Stocks Tumble

    Stocks dropped sharply in Asia and sold off in Europe as well as the U.S. credit crunch continues to worry investors. 1. VMware IPO Debut Dazzles 2. Thornburg Postpones Dividend 3. Top 10 Potential Takeover Targets 4. The Top Buffett Value Stocks 5. The House That Won't Sell: Walk Away? TD AMERITRADE Charles Schwab Zecco.com Fidelity Investments E*TRADE FINANCIAL Options House Japan's Nikkei dropped 2% and Hong Kong's Hang Seng gave up 3.3%, and those were some of the smaller drops. Stocks dropped 6.9% in Seoul, 5.9% in Jakarta, 4.6% in Taipei and 4.3% in Mumbai. Even China's highflying Shanghai...
  • Housing starts at decade low

    NEW YORK (CNNMoney.com) -- Housing starts and permits both fell to the lowest levels in more than a decade, as the latest reading on the battered housing and home building markets both came in below expectations Thursday. Housing starts fell to an annual rate of 1.38 million in July from a revised 1.47 million rate in June. Economists surveyed by Briefing.com had forecast starts would fall to a 1.41 million pace in June. Housing starts and permits are at the lowest level in more than a decade. The latest reading is the lowest level of starts since January 1997. Building...
  • Homebuilders' confidence at 16-year low

    08/15/2007 10:45:02 AM PDT · by Hydroshock · 12 replies · 635+ views
    NEW YORK (CNNMoney.com) -- Builders' confidence in the new home market fell to a 16-year low, according to a trade group survey conducted this month which reports buyers' problems finding financing spreading beyond the subprime sector. The National Association of Home Builders/Wells Fargo Housing Market Index fell two more points to a reading of 22, the lowest level since January 1991, when the nation was struggling with a recession, an energy price shock and the start of the first Gulf War. Any reading below 50 indicates more builders view sales conditions as poor than as good. The index's various components...
  • Reynolds (R) up 2 points in NY-26 over Davis (D) (Survey USA poll)

    09/28/2006 1:22:34 PM PDT · by okstate · 31 replies · 739+ views
    Survey USA ^ | 28 September 2006 | Survey USA
    Republican Reynolds Faces Strong Challenge in NY26 Rematch:In an election in New York's 26th Congressional District today, 9/28/06, Republican incumbent Tom Reynolds and Democratic challenger Jack Davis are in a fierce fight, according to a SurveyUSA poll conducted exclusively for WGRZ-TV Buffalo. 40 days to the 11/7/06 election, Reynolds gets 45%. Davis gets 43%. Green Party candidate Christine Murphy gets 8%. This contest is a rematch of the 2004 election, when Reynolds, who was first elected to Congress in 1998, defeated Davis 56% to 44%. Reynolds gets 62% of Republican votes. Davis gets 64% of Democrat votes. 31% of Republicans,...
  • New York Is Losing People at Fastest Pace in America

    04/20/2006 6:33:05 PM PDT · by george76 · 144 replies · 3,416+ views
    New York Sun ^ | April 20, 2006 | DANIELA GERSON
    New York State is losing more residents than any other state in the country, according to U.S. Census Bureau statistics released early today. Based on surveys taken between 2000 and 2004, the figures show that New York replaced California as the net migration outflow leader, with an average of 182,886 people leaving a year, nearly double California's average for the same period. California led the nation between 1990 and 2000. The findings track the state-to-state movement in America. They do not include international immigration numbers. The New York City metropolitan region - which includes Long Island and parts of New...
  • Please allow me to vent here...

    04/20/2006 11:52:31 AM PDT · by ConservativeMan55 · 113 replies · 2,565+ views
    I just saw on Foxnews that President Bush's poll numbers have taken another dive. Gee I wonder why? Maybe the average American isn't thrilled about our President hosting the Red Chinese..complete with marching bands..and a 21 gun salute. Maybe the average American isn't thrilled that 12000 illegal aliens enter the US every day. Screw guest workers, screw the economy..if the terrorist sneak some sort of bomb in here..its all gonna be blown to hell anyways. Maybe the average American isn't thrilled that Iran was named CHAIRMAN of the disarm committee of the UN..and we don't hear A PEEP from our...
  • Vermont Losing Prized Resource as Young Depart

    03/04/2006 5:06:43 AM PST · by Timeout · 68 replies · 1,456+ views
    NY Times ^ | March 4, 2006 | Pam Belluck
    ....This state of beautiful mountains and popular ski resorts, once a magnet for back-to-the-landers, is losing young people at a precipitous clip.... Vermont, with a population of about 620,000, now has the lowest birth rate among states....The total number of 20- to 34-year-olds in Vermont has shrunk by 19 percent since 1990. [CLIP] While Vermont's population of young people shrinks, the number of older residents is multiplying because Vermont increasingly attracts retirees from other states. [CLIP] Fewer babies are being born in part because Vermont has few immigrants, who tend to have larger families...There is also a serious housing shortage,...