Economy – Page 51 – Shamskm: A site to exchange knowledge and solutions

Subprimes Were Not The Culprit In Most Mortgage Meltdowns

By Guest PostOctober 23, 2010Economyelena gouskova, foreclosure, frank stafford, national bank of granddad, panel study of income dynamics (psid), subprime, u s economy, underwater, university of michigan

ANN ARBOR, Mich.—Subprime mortgages were not the main reason behind the housing crisis that started in 2009 and continues to bedevil the faltering U.S. economy, according to a University of Michigan study.

“Our analysis shows that the major underlying driver of the continuing foreclosure crisis was aggressive refinancing using adjustable rate mortgage loans that looked safe at the time because of increasing housing prices,” said Frank Stafford, an economist at the U-M Institute for Social Research (ISR). (more…)

Poverty Grows in Suburbs, But Social Services Don’t Keep Up

By Guest PostOctober 8, 20101 commentEconomypoverty, poverty rates, suburban chicago, suburban communities, suburban poverty, urban poverty

Poverty has grown in America’s suburbs during the recent economic downturn, but poor people in many suburban communities are finding it hard to get the help they need, a report by University of Chicago researchers shows. (more…)

‘One Nation Rally’: Thousands Gather in Washington DC Pledging Support to the Democrats

By ShamsOctober 2, 2010Economy, Politicsone nation rally, washington d.c.

Eternal Material Value to Set New Records Eternally

By PravdaOctober 1, 2010Economycomex, gold, kalita finance group, new york, stock index, us dollar, us federal reserve, world market

Gold added nearly five percent to its cost on world markets in September setting absolute records almost every day during the month. Even if gold dropped a little on the last day of September due to the growth of the US dollar against world currencies, analysts are certain that the precious metal will continue to set more new records in the future. (more…)

‘Market Changes Affect Risk Tolerance’

By Guest PostSeptember 28, 2010EconomyEconomy, risk tolerance, rui yao, stock market, u s economy, university of missouri

COLUMBIA, Mo. – As the U.S. economy continues to lag, many investors remain wary about taking risks with the stock market. Now, researchers at MU have concluded that this attitude toward investment risk-taking is more than just a recent trend.

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19 Facts About The Deindustrialization of America That Will Blow Your Mind

By Guest PostSeptember 26, 20101 commentEconomyamerica, deindustrialization, deindustrialization of america, industrial revolution, post industrial nation

The United States is rapidly becoming the very first “post-industrial” nation on the globe. All great economic empires eventually become fat and lazy and squander the great wealth that their forefathers have left them, but the pace at which America is accomplishing this is absolutely amazing. (more…)

One in Every Four Russians Feed on Their Parents

By PravdaSeptember 18, 2010Culture, Economyfinancial condition, financial support, improve, russians

About 62 percent of Russians of working age support their parents financially. On the contrary, about 26 percent of Russians of active working age receive financial support from their parents, a study said.

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BP to Pay $4,300 for Every Barrel of Spilled Oil

By Guest PostSeptember 18, 2010Economyalaska, american ecology, bp, bp platform, british company, clean water act, coast, deepwater horizon, exxon valdez, Forbes, gulf of mexico, Halliburton, most hated man, oil pollution act, platform, static kill technology, tony Hayward, u s government, united states

The scandal around the oil spilt into the Gulf of Mexico does not subside. On Thursday, the information was released that U.S. authorities are preparing a lawsuit against the owner of the exploded BP platform, demanding compensation for damage caused by the leakage. Fines can reach $4,300 for each barrel of oil spilt in the waters of the Gulf, i.e., a total of approximately $17.6 billion.

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Category Archives: Economy