This story is a collaboration with Steve Henn of American Public Media’s Marketplace [1]. It was co-published with Salon [2]. During the go-go years of the real estate bubble, shady mortgage brokers [3] thrived, thanks to the sluggish response of regulators and law enforcement agencies. Amid the ruins of the crash, there’s a new boom […]
Union International: Existing Home Sales Drop Sharply
Union International: US home resales dropped to 6 month lows highlighting the fragile nature of the housing market recovery. According to Union International, sales of existing homes in the US unexpectedly fell by 6.1% to a yearly rate of 4.93 million in November highlighting the precarious and uncertain nature of the country’s real estate market. […]
Live Chat Service for Upbeat Organizations
Every organization, small, medium or large, believes in progress. Organizations believe in increasing sales, enlarging their scope of service, running a tight ship which generates revenue and results, and most importantly, keeping customers happy. Organizations that use live chat software on their websites do not necessarily have to be commercial enterprises. NGOs, educational institutions, industry […]
Guess Who Is Manipulating the Markets
When we think of market manipulators, names like Bernie Madoff and Mike Milken come to mind. Or perhaps it’s Michael Douglas’ character Gordon Gekko from the 1987 classic Wall Street. These guys profited from exploiting investors, causing major losses in the process. All three of these men went to jail for their crimes, even the fictional […]
Summary of Recent Business Headlines
The NASDQ computer system was reportedly attacked by hackers. Reuters reports that sensitive investors’ data was not accessed but the SEC and FBI are investigating the incident. On Friday, the S&P 500 finished at its all time high in the nine weeks. TD Ameritrade Holding Corp is expected to settle a securities fraud […]
Bank CEOs: The Men Behind the Billions
The eight bank chief executives who will testify before Congress today will explain how they have used money from the government’s Troubled Asset Relief Program, or TARP. The group has spurred their share of headlines in recent months for everything from defending their banks’ spending practices to deciding to forego their multi-million dollar bonuses, as […]