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Livingston nh  17:38:52 GMT - 01/31/2009  
CB - I think that's the monthly rent -- we had Radon infected homes in Essex County that didn't sell for four figures


Halifax CB  16:12:37 GMT - 01/31/2009  
whoops, second link is:
Link


Halifax CB  16:10:52 GMT - 01/31/2009  
I figure the end of the world has come - there's two home listings in Spring Valley, DC (one of the country's toniest lobbiest/lawyer/uber-bureaucrat infestested areas - most homes are 1M and up...) for under 10K....maybe they are misprints, and maybe not....
Link

and

Link



Mtl JP  13:10:56 GMT - 01/31/2009  
Jan. 30 (Bloomberg) -- Banks in Florida, Maryland and Utah were closed today as regulators wrapped up the busiest month for failures since the housing slump began in 2006.

Steep Slide in U.S. Economy as Unsold Goods Pile Up - NYT

Jan. 30 (Bloomberg) -- Japan headed for its worst postwar recession as factory production slumped an unprecedented 9.6 percent, NEC Corp. said it will cut more than 20,000 workers and Hitachi Ltd. forecast a record loss.

The December drop in output eclipsed the previous record of 8.5 percent set only a month earlier, the Trade Ministry said today in Tokyo.

January 28 – Financial Times “Wen Jiabao, the Chinese premier, on Wednesday struck a defiant pose in a keynote speech in Davos, insisting that China was already putting in place a sweeping package of measures to support its economy to ward off the threats posed by the global financial crisis. He also argued that western countries had been dangerously negligent in their own policies towards their financial institutions – and argued that this failure of banking management, couple with a culture of ‘low savings and high consumption’, was the key reason for the current global financial crisis.”

January 26 – Bloomberg “China will have difficulty balancing its budget this year as the government’s economic stimulus plan leads to higher spending and lower tax revenue, Finance Minister Xie Xuren said. China faces ‘very severe’ international and domestic economic conditions and officials must make sure they spend funds efficiently, Xie said…”

January 30 – Bloomberg “Jamie Dimon, chief executive officer of JPMorgan Chase… blamed banks and regulators for letting consumers amass debt like ‘weapons of mass destruction,’ leading to the global economic crisis. ‘God knows, some really stupid things were done by American banks and by American investment banks,’ Dimon said today… ‘To policy makers, I say where were they? They approved all these banks.’”
--
January 27 – Bloomberg “Lawyers at Kirkland & Ellis LLP, home to former Whitewater prosecutor Ken Starr, are asking as much as $1,110 an hour for bankruptcy work even as creditors recover less of their loans from restructurings. Kirkland requested a top rate equal to $18.50 per minute for advising Tronox Inc. in its bankruptcy… Chicago-based Sidley Austin LLP and New York’s Skadden, Arps, Slate, Meagher & Flom LLP also requested hourly rates exceeding $1,000 in the last two months….as lenders’ recoveries are forecast by ratings company Moody’s… to drop 22% in the recession.”

and why NOT, if you can get it.






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