Mo’ Bigger Loans
Made too many bad loans? Make bigger, badder, loans.
“loan limits will return to their late-2008 levels, which were up to $729,750 for one-unit properties”
From:
http://www.housingwire.com/2009/02/23/2009-conforming-loan-limit-jumps/
When the Levee Breaks
“Cryin’ won’t help you, prayin’ won’t do you no good. When the levee breaks, mama, you got to move” — Led Zep
We learn today that “The 114 levees received unacceptable maintenance ratings in corps inspections, meaning their deficiencies are so severe that it can be “reasonably foreseen” that they will not perform properly in a [...]
EPA Invests $2 Million To Secure Philadelphia’s Drinking Water Supply
PHILADELPHIA (Feb. 23, 2009) – – Today, the U.S. Environmental Protection Agency presented a $2 million grant to Philadelphia to help the City address the risk of intentional contamination of its drinking water. The total funding available to the City for this project could be as high as $9.5 million, contingent upon EPA’s budget over [...]
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NASA: Launch Mishap Ends OCO Mission
from NASA
Several minutes into the flight of the Taurus rocket carrying NASA’s Orbiting Carbon Observatory spacecraft, launch managers declared a contingency after the payload fairing failed to separate.
Peppermint Patty Leaves Reading
Goin’ down that Mexico way.
“After 23 years in Reading, the chocolate maker is closing the plant Friday and moving production to a new factory it has built in Monterey, Mexico.”
From:
http://www.businessweek.com/ap/financialnews/D96FDTH81.htm
On Transparency of the Fed
Texas Straight Talk
Congressman Ron Paul (R) – TX 14
This week the Federal Reserve responded to the American people’s increased concerns over our monetary policy by presenting new initiatives aimed at enhancing the Fed’s transparency and accountability. As someone who has called for more openness from the Fed for over 30 years, I was pleased to [...]
Philly Inky Bankrupt
There’s only one newspaper in this town. Wait, scratch that.
“The publisher of The Philadelphia Inquirer and Philadelphia Daily News said on Sunday it has filed for Chapter 11 bankruptcy, in an attempt to deal with falling advertising revenue.”
followed by a statement from the Philadelphia Inquirer:
The company’s operations are “sound and profitable,” it said in a [...]
Local Christian couple reaches out to help families who need hope
Chalfont, PA – 2/22/09 – John and Patricia Gallagher, founders of the non-profit Team of Angels Program, will host “Speaking About Depression” presentations for the faith-filled community. John and Patricia and their family are the co-authors of “No More Secrets – A Family Speaks about Depression, Anxiety and Attempted Suicide.” John, who holds a MBA [...]
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Implicit Guarantees Not Good Enough
Overseas investors lack appetite for Fannie and Freddie debt, selling US$38billion of the GSE paper in December. “Looking at the risk, [GSE bonds are] not so attractive,” he told the news service. “We need a guarantee before we’ll buy.”
But they still are buying US Treasuries…
From
http://www.housingwire.com/2009/02/20/asian-investors-hold-out-for-explicit-guarantee-on-gses/
Localize Your Food
More and more are choosing to eat locally grown food. People like to know what they eat. People like to know the farmer that grows their food and raises their cattle. Wouldn’t you ?
From
http://www.nytimes.com/2006/07/26/dining/26meat.html?pagewanted=print