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“The kings of Wall Street really do live like kings. From 57-acre Hampton estates to Georgian mansions in the middle of Manhattan, bankers and hedge funders have locked down some of the most valuable real estate in America. And don’t think the recession is slowing them down.”
“One of the most common questions we get on our financial helpline is how to pay off high interest debt like credit card balances. This is an issue that millions of Americans are facing up and down the socioeconomic ladder along with many businesses and governments. If you’re in this situation, one of the first things you’ll want to do is stop the bleeding.”
“There were 60,000 completed foreclosures in the U.S. in June 2012 compared to 80,000 in June 2011 and 60,000 in May 2012, according to a report Tuesday from financial information company CoreLogic Inc. (NYSE: CLGX) of Santa Ana.”
“Real estate firms and property consultants today expressed disappointment over RBI’s decision to keep rates unchanged and said the sector urgently needs cut in interest rates to boost housing demand. “There is once again disappointment from RBI. There was no change in the rates in previous policy announcement and the real estate sector was expecting a rate cut this time,” said Lalit Jain, President of the apex realtors’ body CREDAI. “We don’t see any positive policies from government which will boost the real estate sector and economy as well,” he added.”
“Is your home an investment? Is anyone’s home a good, long-term asset? For a long time, the answer was yes. And real estate is still a good deal for investors, but not the way you might think. There is a reason that Americans believe, at least until recently, that their homes have been a solid investment: It was true. Adjusted for inflation, the median value of an American home nearly quadrupled in the years from 1940 to 2000.”
“The “on-shoring” of jobs to the U.S. and other western developed countries will continue strongly through the year 2020, according to CoreNet Global, an association of corporate real estate executives which earlier this year released Corporate Real Estate 2020, a forward-looking study of corporate workplace and real estate trends.”
“If you invested in stocks purely based on superstitions like avoiding Friday the 13th or lucky numbers, would you end up with colossal losses or spectacular gains? Shing Tat Chung, 25, wanted to find out. So he created the Superstitious Fund. He described it as an “unproven” one-year project that is buying and selling stocks on the U.K.’s FTSE 100 Index purely on superstitions.”
“Seniors looking for the best city to grow older in may be better off flocking to the Midwest than sunny Florida, according to a recent report. While recreation and community engagement are a plus, the best cities for aging offer quality health care, educational and employment opportunities, and transportation and an economy that work for seniors, according to a national index released today by the Milken Institute, a non-profit think tank based in Santa Monica, Calif. The institute found the best large cities for successful aging helped keep seniors over 65 working, learning and healthy.”
“Americans spent no more in June than they did in May, even though their income grew at the fastest pace in three months. The Commerce Department said Tuesday that consumer spending was flat in June after declining 0.1% in May. Income rose 0.5%. And wages, the largest component of income, also increased 0.5%, biggest gain since March. The jump in incomes went straight to savings. The savings rate rose to 4.4% in June, highest level in a year”
“FRANKFURT– Deutsche Bank, Germany’s largest lender, said Tuesday it would slash jobs in its investment banking division after profit plunged in the second quarter amid the European sovereign debt crisis. The bank, the subject of several official probes related to its activities in the United States and other countries, also said it was reviewing its compensation practices and its internal code of conduct “as part of a range of measures to bring about a cultural change.””
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