Las Vegas mortgage delinquencies level off


Written on August 17, 2010 – 3:05 am | by Barbara Sermons

Las Vegas mortgage delinquencies level off.
One of the most troubled housing markets in the country might have hit bottom several months ago.

According to a report in the Las Vegas Review-Journal, nearly one in five of the city’s residents was more than 60 days late paying their mortgage in the second quarter of the year. But despite the bleak-looking number, there are finally signs that the embattled market is getting better.

The report said that the current delinquency rate was actually down from the first quarter, which itself was a decline from the fourth quarter last year. Read more…

A Dim Idea


Written on August 17, 2010 – 1:45 am | by William Machen

I also drove to the grocery store across the street from me because it was a bit too hot out to walk.

I am such an environmentalist.

As another sign of good intentions, but poor execution, a new survey found that Americans don’t really know how to save energy.

As if daily traffic jams were not enough of an indication.

It turns out that just turning off your lights before leaving a room and buying that new ENERGY STAR laptop don’t really add up to much in a big-picture sense.

And what’s more, the green movement may be partially to blame, with erroneous information made to lead people into thinking that buying green products is the key to environmental utopia.

The lead researcher from the study, Shahzeen Attari, says that, rather than doing the small, easy things to curb your carbon output, you’re probably better off “switching to efficient technologies [which] generally allow you to maintain your behavior and save a great deal more energy.”

The idea is to change how you do things, and not necessarily what you do. I mean, sure, you could buy soy ink cartridges for your fax machine and use 100% post-recycled paper to print off your 50 or so pages of documents and drive your new hybrid car over to your client’s home for their signature (using a soy-based, recycled pen of course), but wouldn’t it be easier, more efficient, and more environmentally-friendly to simply use DotLoop and have everything done online, without wasted paper or ink, or gas?

After all, sometimes being green simply means doing things better.

Japanese Authorities Monitoring Yen Situation


Written on August 14, 2010 – 11:10 pm | by William Machen

As we reported yesterday, the Yen has been appreciating against the Dollar recently.

In fact, the Dollar hit a fifteen year low against the Yen on Wednesday of 84.72 to the Dollar. The Japanese wouldn’t be drawn on the subject of market intervention; the last time they did so was in 2004. However, they intend to monitor the situation and will talk to other nations about what can be done (if anything) about fluctuations in the stock and currency markets.

The most recent decline in the value of the Dollar was triggered by a pronouncement by the US Federal Reserve that it would be buying more US government debt. T

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PRECIOUS-Gold steady near 1-1/2-mth high on economic worries


Written on August 13, 2010 – 7:12 pm | by admin

* Coming Up: Producer prices mm Jul; 1230 GMT (Updates prices, adds Indian buying)

SINGAPORE, Aug 17 (Reuters) – Gold erased some of its early gains on Tuesday but held near its strongest level in more than a month on worries about global economic recovery, while jewellers were also happy to cash in on the high prices.

With weak economic growth around the world igniting talk of deflation, investors are likely to chase gold, U.S. Treasury and currencies seen as safe harbour such as the yen and Swiss franc. Other precious metals tracked gold higher.

Spot gold hit an intraday high of $1,225.10 an ounce before easing to $1,223.30 by 0524 GMT, steady from New York’s notional close.

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When Your Stock Broker Is Also Your Banker


Written on August 12, 2010 – 12:48 pm | by Victoria Williams

Is your stock broker turning into a bank (or vice versa)?

Just when you thought that you had everything (and everyone) figured out, people start messing everything up. I’ve worked hard to make sure that I’ve found the perfect banking relationship and brokerage relationship, but now my broker wants to be my banker, too. Why?

The answer to that question seems like it should be pretty obvious, doesn’t it? Fewer and fewer people are investing and those who are, are doing it very conservatively. Small scale conservative investing doesn’t lend itself to making big profits for investment firms. But, there’s little that they can do about it in such a shaky economy. So, what’

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