Mortgage and Financial News From 2008-6-15 Page 01
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It is time to declare last year’s income - East African Standard
The deadline to declare what you earned last year is only two weeks away. Although filling self-assessment or return forms is not a pleasant task for some people, a five per cent penalty on tax due or a minimum Sh1,000 fine awaits those who don’t ...
2008-06-15 12:42:00 -
What's your money mindset? - News.com.au
Have your Say Add your comments or read what others are saying Read this article online at: http://news.com.au//dailytelegraph/money/story/0,26860,23857497-5015795,00.html Email article Printer friendly Text size + - Share Add to Digg Add to del.icio ...
2008-06-15 11:59:00 -
Measuring Your Retirement IQ (WallStreet Journal via Yahoo! Finance)
Think you're ready for life after the office? Here's your chance to prove it.
2008-06-14 10:17:57 -
Maguire Properties may sell some O.C. holdings - Los Angeles Times
The new chief executive of Southern California landlord Maguire Properties Inc. is today expected to announce plans to sell some buildings -- including an Orange County landmark -- mortgage others and replace some top executives. The major ...
2008-06-15 09:46:00 -
Mortgage Crisis Doesn't Spare Renters - Blackenterprise.com
Shelia Crowley, president and CEO of the National Low Income Housing Coalition, had some interesting points to make about the national mortgage and credit crisis and the need for more affordable housing when she spoke at the 51st annual meeting of ...
2008-06-15 05:57:00 -
Deja vu: Summer credit worries hitting Wall Street once again (The Arizona Republic)
The heat has hit Wall Street, and everyone's nervous about investment banks' financial results.
2008-06-15 09:18:13 -
Book Publishers Keep Pace With Housing Turmoil (The Tampa Tribune)
When Ralph Roberts, a Detroit real estate broker, learned recently that Ed McMahon was facing foreclosure on his home in Beverly Hills, he called one of the star's representatives to volunteer his help.
2008-06-15 09:21:16 -
Author: Capitalism has run amok (USA Today)
It is from Gresham's Law bad money drives out good money that Kevin Phillips named his latest book, Bad Money: Reckless Finance, Failed Politics, and the Global Crisis of American Capitalism. But instead of debased money, he turns his pen against bad capitalism: subprime lending, exotic financial instruments and exploding debt.
2008-06-15 09:27:32 -
Nearly Half of Wall St. Bank Profits Are Gone (NYTimes.com via Yahoo! Finance)
Since last July, seven of the nation’s largest financial companies lost almost half of the combined profits they had made between early 2004 and mid-2007.
2008-06-15 09:36:28 -
With Shares Battered, A.I.G. Ousts Leader (NYTimes.com via Yahoo! Finance)
Martin J. Sullivan, who was named chief executive in 2005 after an accounting scandal claimed his predecessor, was removed by the board on Sunday at a closed-door meeting.
2008-06-15 09:36:42 -
AIG board names Willumstad as new CEO (Muzi)
NEW YORK - American International Group Inc., which has lost billions on bad bets on the mortgage market, on Sunday named former Citigroup Inc. executive Robert Willumstad to replace the insurer's besieged chief executive.
2008-06-15 09:38:02 -
Credit No Object for Ritzy Brands (GlobeSt.com)
Money is apparently no object for guests staying in luxury hotels with traditionally upscale flags such as Ritz-Carlton or Waldorf-Astoria. The same might also be said for capital sources when it comes to financing such facilities.
2008-06-15 09:40:44 -
Biggest insurer AIG faces massive credit-related losses and regulatory probes – removing Martin Sullivan exposes the ... (India Daily)
The biggest insurer American International Group (AIG) is in serious trouble. It is replacing its Chief Executive with Bob Willumstad, the veteran banker who is the insurer’s chairman, AIG has already registered $30bn in credit-related writedowns and losses.
2008-06-15 09:45:07 -
Media reformers: It’s the economy (Online Journal)
Last weekend’s National Conference on Media Reform in Minneapolis was a freewheeling, articulate, committed gathering of activists, policy wonks and everyday citizens dedicated to the idea that there can be no real democracy without a media democracy -- independent reporting from diverse communities free of the interference and spin of government and big business.
2008-06-15 09:58:44 -
Labor attacks Coalition over budget 'vandalism' - The Australian
BRENDAN Nelson stands accused of "economic vandalism" today as the Coalition prepares to use the dying days of their control of the Senate to block budget measures. The Coalition's historic control of the Senate and the power to block the Rudd ...
2008-06-15 06:26:00