Morning News Roundup
Posted by vriz on 02/18/2009
President Obama introduced today the next in the series of measures to fix the ailing U.S. economy, the Homeowner Affordability and Stability Plan. The plan is aimed at helping the homeowners keep up with their mortgage payments, by providing incentives to the lenders to refinance the loans, so that the costs of housing do not exceed 31 percent of the homeowners’ income. The plan also provides incentives for the homeowners to keep up with their monthly mortgage payments through the gradual reduction of the principal balances. A central element of the plan would allow up to five million people to refinance their mortgages into more affordable products through Fannie Mae and Freddie Mac. Read the details of the plan . The markets have received the President’s delivery of the housing rescue plan better, than they received Timothy Geithner’s delivery of the banking sector rescue plan. The three major stock exchanges stayed in the green throughout President’s speech in Mesa, Arizona. On a related note, the Commerce department today reported that new housing starts plunged 17 percent in January to the annual rate of 466,000, the lowest since the Great Depression. GM and Chrysler presented their restructuring plans yesterday. The addition amount of the government funds requested by the two Detroit automakers on Tuesday is $14 billion, bringing to total bailout so far to $39 billion.  The presidential task force will be reviewing GM and Chrysler plans and is expected to rule by March 31 on whether restructuring plans will make the auto businesses viable for the long term.
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[...] shape, and the car
[...] shape, and the car sales drop is a good barometer of just how bad a shape. The guidelines for the Housing Affordability and Stability Plan have been revealed by the Treasury today and eligible mortgages can start being modified [...]
By prizing heartfulness above
By prizing heartfulness above faultlessness, we may reap more from our effort because we're more likely to be changed by it.
http://maupaqiro.iespana.es/industry-occupational-health-and-safety.html - industry occupational health and safety
I think you are missing a big
I think you are missing a big story.
The yen is falling fast against the dollar the last few days. Find out why. This is where all trade policy is actually executed. And when it fell to 90, our cars were approaching competive status (with Toyotas with Japanese engines and tranny's costing a bunch more). Now it is heading for 100+ (as it always is manipulated to be).
Naturally people will say that the yen is falling since they are dependent on our importing from them, and we are in trouble. That may be true, but Japan, Inc. (or Korea, Inc. or China, Fake Inc.) can control their banks completely. And they want the rest of our industrial complex destroyed. They can wait it out. There is no instability in their countries (except the instability they want you to think they have).
If you really want manufacturing left in the USA, the dollar must absolutely weaken. And it should weaken since we are a weak nation, now. I believe these currency markets are being manipulated (with the US Govt helping). Find out how it is being done and you'll really find out how to save our jobs...