clipped from latimesblogs.latimes.com A Washington think tank is warning that housing prices are falling at an accelerating level, destroying wealth at a pace that will cost the average homeowner $85,000 in lost wealth this year alone. The projections by the Center for Economic and Policy Research are based on the numbers in Tuesday's Case-Shiller home price index, which showed accelerating price declines in most big cities. The annual rate of price decline over the last quarter was 24.9% in the 20-city index and 25.8% in the 10-city index the center said in its Housing Market Monitor today. the rate of price decline in the 20-city index would imply a loss of almost $6 trillion in real housing wealth over the course of the year The CPER says prices are falling so rapidly that the bubble will be gone by the end of 2008, but the loss of housing wealth will be massive. Peter Viles, senior producer for Real Estate at LATimes.com |
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Wednesday, April 30, 2008
$6,000,000,000 in housing wealth up in smoke
The Allure of the Forever Stamp
The stamp is quite handsome as you can see.
clipped from thelede.blogs.nytimes.com Risky investments and rising prices seem to be everywhere these days For the past year, branches have been selling “The Forever Stamp” for 41 cents each “The stamp will be good for mailing one-ounce First-Class letters anytime in the future — regardless of price changes,” the agency promises. As the penny increase of May 12 nears, the forever deal is proving irresistible to millions of Americans, according to today’s news release: In the past several weeks, Postal Service customers have been buying Forever Stamps at a rate of about 30 million per day, bringing the amount sold to more than 6 billion since they were first offered. The Associated Press further detailed the climb, reporting forever stamp sales of $267,696,023 in March, $207,900,132 in February and $115,303,031 in January
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The World's Biggest Clean-Energy Projects
clipped from www.forbes.com
clipped from www.forbes.com
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Monday, April 28, 2008
Free Cone Day at Ben & Jerry's
clipped from smartclips.blogspot.com Don't forget. Free cone day at Ben & Jerry's is Tuesday, April 29, 2008. To find a scoop shop near you Go Here. Enjoy!!! |
Gadgets that help preserve energy at Home
Monday, April 21, 2008
eSolar scores $130 million from Google, other investors
clipped from greenwombat.blogs.fortune.cnn.com Solar power plant builder eSolar has raised $130 million from Google’s philanthropic arm, Google.org, and other investors. Sunday night as Fortune’s Brainstorm Green conference The other investors include Idealab and Oak Investment Partners eSolar could help break the logjam that has put Big Solar on the slow track in California. “We just completed tests at our test site this week and we will be able to produce electricity that is competitive with coal,” said an animated Gross Sunday evening. That is the Holy Grail of renewable energy eSolar has been operating in stealth mode but Gross shared details of the company’s technology and how it intends to produce greenhouse gas-free electricity so cheaply use fields of mirrors to focus the sun’s rays on a tower containing a water-filled boiler The resulting heat will create steam that will drive an electricity-generating turbine The tipping-point innovation mirrors and the software that controls them as well as the modular design of the power plants |
Friday, April 18, 2008
The foreclosure 'discount'
clipped from calculatedrisk.blogspot.com
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So spreadable it’s incredible
clipped from krugman.blogs.nytimes.com
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Maybe Obama is on to something....
clipped from krugman.blogs.nytimes.com from Andrew Gelman: Church attendance and income by state:
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Thursday, April 17, 2008
Understated spreads?
clipped from krugman.blogs.nytimes.com
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Tuesday, April 15, 2008
Study Suggests GAMMAGARD LIQUID May Target the Primary Pathway Involved in Alzheimer's Disease
My mother suffers from Alzheimer's disease. Today I published an article on the Alzheimer's Reading Room weblog about recent developments with GAMMAGARD. Baxter is moving to a phase three clinical trial that should prove interesting. If you are investing long term you might want to familiarize yourself with these recent developments. I'll leave it to you to decide the merits and the potential opportunity.
You can read the article by following this link.
Study Suggests GAMMAGARD LIQUID May Target the Primary Pathway Involved in Alzheimer's Disease
Kobe Bryant Jumps Over Car (Aston Martin)
clipped from www.youtube.com |
Fears emerge over Russia’s oil output
clipped from www.ft.com
Leonid Fedun, the 52-year-old vice-president of Lukoil, Russia’s largest independent oil company, told the Financial Times he believed last year’s Russian oil production of about 10m barrels a day was the highest he would see “in his lifetime”. Russia is the world’s second biggest oil producer. Mr Fedun compared Russia with the North Sea and Mexico, where oil production is declining dramatically
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We play a round at Augusta; what's your dream course?
clipped from www.usatoday.com USA TODAY golf writer Steve DiMeglio, who plays to an 8 handicap, lived out a dream Monday by playing 18 holes at Augusta National Golf Club, the home of The Masters.
LET US KNOW THE BEST COURSES YOU'VE PLAYED AND THOSE YOU HAVE PUT ON YOUR "TO-PLAY BEFORE YOU DIE" LIST BELOW. |
Monday, April 14, 2008
Baghdad Life
clipped from blogs.wsj.com Violence since the start of the war in 2003 has forced millions of Iraqis to leave behind their homes and properties in quest of a safe haven. See an interactive map examining where they're living now, and why they chose the places they did. See an interactive map of day-to-day events in Iraq, including insurgent attacks. View an updated tally of military deaths, based on the Associated Press's count.
clipped from blogs.wsj.com
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Friday, April 11, 2008
Etanercept (Enbel) in Action, see Alzheimer's patient's memory come alive (Video)
clipped from alzheimersreadingroom.blogspot.com
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Wednesday, April 09, 2008
Volker on FED Bailout and Bear Stearns (Video)
clipped from youtube.com |
Dying 47-Year-Old Professor Gives Exuberant ‘Last Lecture’
clipped from www.youtube.com |