Mortgage and Financial News From 2008-8-2 Page 4

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• Country's economy, law and order to be improved: President assures businessmen (Business Recorder)

  KARACHI (August 03 2008): President Pervez Musharraf has assured the business community of effective measures to improve the country's economy and the law and order situation. This he said while talking with a seven-member delegation of businessmen headed by S M Munir, a prominent industrialist.
  2008-08-02 03:23:11

• ANALYSIS ... By Iain Macwhirter (Sunday Herald)

  the late Tory Prime Minister Edward Heath used to call "the unacceptable face of capitalism". The Centrica/British Gas announcement of £1bn in half yearly profits, only hours after increasing gas prices by 35%, has ignited a public conflagration about the morality of business in modern Britain.
  2008-08-02 03:41:23

• Wealth Check: To get out of the red, he would even sell his home (Independent)

  The patient
  2008-08-02 04:08:38

• Economic View: The Western world must be ready to react should the Chinese sprint turn into a Fosbury flop (Independent)

  Will there be a post-Olympic flop? The Chinese economy has been lifted by huge spending on infrastructure, with the games costing something like $30bn (around £15bn), but also by a surge in current spending. Sure, some factories have been shut in the run-up to try to reduce pollution, and some non-games capital spending has been cut back, but there can be little doubt that hosting the Olympics ...
  2008-08-02 04:10:59

• The Middle East's Leading English Language Daily (Arab News)

  In contrast to the criticism of the immigration officials at our airports, which is the usual fare in our newspapers, let me say that blanket criticism of these officials is unfair. There has been a change for the better.
  2008-08-02 04:13:09

• Want a big raise? Retire (Austin American-Statesman)

  Senior citizens can look forward to a major increase in Social Security benefits next year. Unless there is a sudden rush of deflation in the current quarter, the increase will be the largest in 25 years.
  2008-08-02 04:56:48

• GCC countries spend more to tame inflation (The Peninsula)

  DOHA • The inflation rates in the six GCC member-countries that reached as high as 15 percent has triggered a 26 percent increase in government-spending in the first quarter of this year, a semi-annual report said.
  2008-08-02 05:50:52

• Chavez Nationalizes Bank of Venezuela on Last Day of Presidential Decree Period (Venezuelanalysis.com)

  Mérida, August 1, 2008 (venezuelanalysis.com)-- Venezuelan President Hugo Chávez announced Thursday that the Venezuelan government will nationalize the Bank of Venezuela, the country's third largest bank.
  2008-08-02 06:23:55

• Carla’s breath of summer - Financial Times

  Thanks to an inexplicable design incompatibility between an iPod, a hire car’s cigarette lighter (has anyone used one of these since the 1950s?) and a gearstick, I found myself motoring through southern Italy in the last weeks with no music at hand ...
  2008-08-01 05:16:00

• Australia manufacturing slows further in July - FXStreet.com

  CANBERRA, Aug 1 (Reuters) - Manufacturing in Australia slowed in July to its lowest level since late 2005 and new orders dropped as higher interest rates and the global credit squeeze continued to crimp activity, a private survey showed on Friday ...
  2008-07-31 04:41:00

• Hydro asks for rate hike of 2.2% next April - Montreal Gazette

  Hydro-Québec yesterday asked the Quebec energy board to allow a 2.2-per-cent hike in electricity rates, effective April 1, 2009. If the board authorizes the hike, the average monthly Hydro bill for small homes would increase by $2.70 while the ...
  2008-08-01 11:57:00

• Real estate sector fears rise in CMBS defaults - Financial Times

  Defaults on commercial mortgage-backed securities issued at the height of the credit bubble will more than quadruple from their current levels under conditions in the US economy expected by the commercial real estate industry, according to a report ...
  2008-08-01 05:49:00

• 07-31-08 EUR ALL ON ONE PAGE (Eurweb)

  OBAMA CATCHES HEAT OVER LUDACRIS SONG: Rapper's anti-Hillary line causes calls for senator to denounce rapper.
  2008-07-31 12:13:38

• Only Have a Little Cash? Here Are 4 Ways to Invest It (US News & World Report)

  Where to invest $500, $1,000, $2,500, or $5,000
  2008-07-31 01:08:10

• EuroBancshares, Inc. Reports Financial Results for the Second Quarter Ended June 30, 2008 (PR Newswire via Yahoo! Finance)

  EuroBancshares, Inc. today reported its results for the second quarter ended June 30, 2008.
  2008-07-31 03:21:00

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