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Infinite sadness

Posted by Clifford Mato in Financial News | No Comments

AS EXPECTED, Dominique Strauss-Kahn has resigned, with “infinite sadness”, from his post at the IMF.

Here’s his statement.

It is with infinite sadness that I feel compelled today to present to the Executive Board my resignation from my post of Managing Director of the IMF.

I think at this time first of my wife—whom I love more than anything—of my children, of my family, of my friends.

I think also of my colleagues at the Fund; together we have accomplished such great things over the last three years and more.

To all, I want to say that I deny with the greatest possible firmness all of the allegations that have been made against me.

I want to protect this institution which I have served with honor and devotion, and especially—especially—I want to devote all my strength, all my time, and all my energy to proving my innocence.

Dominique Strauss-Kahn

He’s clearly absorbed the rule of three. And he li

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May 17, 2011 Read More
Tags: Infinite Sadness, Sadness

Commercial Real Estate Comes Back

Posted by Ginger Makales in Financial News | No Comments

RALEIGH, N.C. – After the residential real estate market crashed a couple of years ago, many were worried about the other real estate shoe dropping. That is, there was concern that the commercial real estate market would also plunge. But things are much better now with this important part of our economy, says N.C. State University economist Mike Walden.

“There was a lot of hand-wringing over what was going to happen to the commercial real estate market. Some were predicting it was going to crash, just like the residential market. Now, clearly, the commercial market did pull back. But the good news is it did not have the big drop that many were expecting.

“And, indeed, commercial real estate activity appears to be coming back. In fact, activity there was up 50 percent last year.

“Now, admittedly, that was from a very low base. Also the activity does vary between markets. It’s much better in the faster-growing parts of the country, like the Triangle here in North Carolina, (and) much lower than other areas.

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May 16, 2011 Read More
Tags: Commercial Real, Estate, Real Estate

Repossessions increase by 15 percent

Posted by Ginger Makales in Financial News | No Comments

It has been reported recently that repossession numbers have increased by 15 percent in the UK, with the first quarter of this year reflecting the first quarterly increase since the third quarter of 2009. According to officials repossession figures have been in decline for the past five quarters. However, a range of factors has now seen this figure increase with many officials stating that it is likely to continue increase over the course of this year.

The Council of Mortgage Lenders released these figures, and it is officials from the CML that believe the number of repossessions will continue to soar over the coming year. In the three months to the end of March 9,100 property were taken back by lenders and it is predicted by the CML that this could rise to as many as 40,000 or more over the course of this year. Some people are coping at present simply because of the base interest rate being at its rock bottom low of just 0.5 percent.

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May 16, 2011 Read More
Tags: 15 Percent, Percent

How Commodities Could Really Fall Apart

Posted by Zak Howard in Financial Reviews | No Comments

Commodities have fallen a lot, but if Chinese growth were to decelerate, they would really crater.

SocGen’s Cross Asset Research team explains:

Hard commodities will fall apart if China starts to slow in H2 11. For example, early in 2011, we already saw a dramatic fall-off in Chinese appetite for copper although prices remained high due to continued production issues. Contrastingly, agricultural demand from China is likely to protect soft commodities better from a fall in prices as demand is still trending higher. For example, soybean imports from China doubled over the past five years which means demand was up by nearly 5Mt/year. The recent tightening in monetary policy had a limited impact on soybean prices and even the deceleration in economic growth could fail to curtail agricultural demand.

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May 14, 2011 Read More
Tags: Apart, Fall Apart

HP drags down Dow Jones industrial average

Posted by Zak Howard in Financial Reviews | No Comments

NEW YORK — Tech giant Hewlett Packard is dragging the Dow Jones industrial average lower in midday trading.

Hewlett Packard Co., the world’s largest technology company by revenue, lowered its earnings outlook for the rest of the year. The company expects weaker sales of personal computers. HP’s stock fell more than 9 percent, more than any other company in the Dow average.

A batch of economic reports also raised concerns about the economy’s strength. U.S. factories produced fewer goods for the first time in 10 months in April, and construction of new homes plunged.

The Dow is down 154 points, or 1.2 percent, to 12,393 in midday trading. The S&P 500 index is down 10 points to 1,319. The Nasdaq composite is down 22 points, or 0.8 percent, to 2,760.

May 14, 2011 Read More
Tags: Average, Industrial Average, Jones Industrial, Jones Industrial Average

Federal Student Loan Alaska, AK

Posted by Genry Read in Financial News | No Comments

Alaska has federal student loans offered by the ACPE . The state also administers many alternative loan programs for eligible students.

The ACPE has a brand of private alternative student loans. Normally, university students have federal loans and private loans that are offered to them. Most students are aware that federal loans are usually not enough to handle all of a student’s financial needs. Until now, many alternative packages are very expensive and were offered by financial institutions and many lenders. These private student loans are very costly. So, as an alternative, many states offer low interest, extended term loans. Alaska is one of them.

The state’s Alaska Supplemental Education Loan, which is provided by the Alaska Advantage Program. In order to be eligible for this loan student must pass a credit check when he or she apply. Tho

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May 11, 2011 Read More
Tags: Alaska, Federal Student, Federal Student Loan, Student Loan

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