Tuesday, September 18, 2007

Home foreclosures number is still going up

This is not good for real estate business.

LOS ANGELES - The number of foreclosure filings reported in the U.S. last month more than doubled versus August 2006 and jumped 36 percent from July, a trend that signals many homeowners are increasingly unable to make timely payments on their mortgages or sell their homes amid a national housing slump.

A total of 243,947 foreclosure filings were reported in August, up 115 percent from 113,300 in the same month a year ago, Irvine, Calif.-based RealtyTrac Inc. said Tuesday.

There were 179,599 foreclosure filings reported in July.

Read the entire news here.


Monday, September 17, 2007

War is all about global oil supply--Greenspan

Alan Greenspan admitted that the war is all aobut global oil supply and the ouster of Saddam is crucial for oil security.

Greenspan: Ouster Of Hussein Crucial For Oil Security

Alan Greenspan, the former Federal Reserve chairman, said in an interview that the removal of Saddam Hussein had been "essential" to secure world oil supplies, a point he emphasized to the White House in private conversations before the 2003 invasion of Iraq.

Greenspan, who was the country's top voice on monetary policy at the time Bush decided to go to war in Iraq, has refrained from extensive public comment on it until now, but he made the striking comment in a new memoir out today that "the Iraq War is largely about oil." In the interview, he clarified that sentence in his 531-page book, saying that while securing global oil supplies was "not the administration's motive," he had presented the White House with the case for why removing Hussein was important for the global economy.

Read the entire news here.


O.J. Simpson in the News Again for Alleged Robbery

He claimed he just wanted to get his belongings back.

O.J. Simpson Is Charged In Alleged Robbery

Las Vegas police arrested O.J. Simpson yesterday and charged the former football star with six felony counts in connection with an alleged hotel-room robbery, placing Simpson in his most serious legal jeopardy since his acquittal on double murder charges in 1995.

Simpson, 60, was arrested yesterday morning, three days after two sports-memorabilia dealers told police that Simpson and five other men burst into their room at the Palace Station Hotel and Casino, several of them brandishing guns, and seized various mementos, including several items autographed by the NFL Hall of Famer.

Read the entire news from Washington Post.