Real Estate Foreclosure Blog
Banking analyst Richard Bove says economy is responsible for the closure of 600 branches of Bank of America. The banks are not viable anymore and hence they will be closed. Bove says that Bank of America will close the branches as they are running at a loss. According to a report, the bank may shut [...]
The economy is showing signs of a turnaround and waiting anxiously for the consumers to start spending. The job market however remains weak and the debt index high. The good news is that stocks have rapidly revived jumping by 47% from the lowest mark in the first week of March this year, according to Standard [...]
It is confusing that at a critical time like this when consumers can hardly pay their current bills FPL is trying to hike rates calculating to $1.3 billion. FPL argues that it has to keep the power grid ship shape and rake in profits for the company. Its opponents are saying that this monopoly business [...]
Generating wind power is raising hope as well as ire. Kansas lying in the centre of the windy prairies has enough alternative power to feed entire USA. But the wind lovers are up against preservationists who are concerned about blockage of serene view and the coal lobby that feels threatened. Kansas has a weak transmission [...]
Scientists have been focusing with real earnest at generating electricity from the Gulf Stream current. The government is lending a generous support in this research. All that is required is to get the business community to get interested and invest. Turbines placed under water powered by the current are expected to generate sufficient to meet [...]
Three fourths of our planet consists of water and it is this that is going to come to our rescue. Research is being carried on to tap the power of the ocean currents and waves. But it is feared that this will have ‘cuisinart’ effect on fish. Only 15 miles distant from the coast of [...]
Studies are showing that senior White makes are more vulnerable to recession. One of the victims is 56 year old Dean Canaris, by profession an engineer. He worked for the supplier of Honda but lost his job last April. Within half an hour he walked out of the office door with no severance package. Another [...]
The Real Misery Index seeks to give an overall view of what is happening to millions of Americans as a consequence of the ongoing hardships. The economy is in a tailspin and America is perhaps witnessing what can be called the deepest recession in recent times. Unemployment is at its zenith and there is general [...]
Real Estate Foreclosure Blog