Obama throws $75 billion lifeline to homeowners

Obama throws $75 billion lifeline to homeowners: "The $75 billion Homeowner Stability Initiative would provide incentives to mortgage lenders to cut monthly payments in an effort to persuade them to help up to 4 million borrowers on the verge of foreclosure. The goal: cut monthly mortgage payments to sustainable levels, using money from the $700 billion financial industry bailout passed by Congress last fall.
Another part would specifically help people with dwellings whose market value has sunk below the principal still owed on the mortgages. Such mortgages have traditionally been almost impossible to refinance. But the White House said its program will help 4 million to 5 million families do just that — if their mortgages are owned or guaranteed by Fannie Mae or Freddie Mac.
To boost confidence, the Treasury Department said it would double its support to the two mortgage giants that the government essentially took over last fall.
It said it would absorb up to $200 billion in losses at each company by using money Congress set aside last year and will continue purchasing mortgage-backed securities from them. Fannie Mae and Freddie Mac are projected to need a combined government subsidy of about $66 billion, well short of the new promise of up to $400 billion."

Open your eyes and let the sun shine in.

Passaic Dating

Passaic Dating: "Rebbetzin Feldman's schedule in Passaic will be as follows:

Sunday, January 18, 2009:

12:40 PM to 6 PM -- private meetings (20 minutes per person)

7 PM - 8:30 PM -- group presentation for single women

8:30 PM - 10 PM -- group presentation for single men

Monday, January 19, 2009
(Martin Luther King Day):

9 AM to 1 PM -- private meetings (20 minutes per person)
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If you would like to meet with the Rebbetzin privately, please e-mail me at gelfand.boris@gmail.com with your top 3 preferences of the time slots, choosing from the following options:

Sun, Jan 18th: 12:40 PM, 1, 1:20, 1:40, 2, 2:20, 2:40, 3, 3:20, 3:40, 4, 4:20, 4:40, 5, 5:20, 5:40.

Mon, Jan 19th: 9 AM, 9:20, 9:40, 10, 10:20, 10:40, 11, 11:20, 11:40, 12 Noon, 12:20 PM, 12:40.

Monday private appointments are for those who are off for Martin Luther King day. Therefore, if you can meet with the Rebbetzin on Monday, Jan 19th, kindly do not sign up for the time slots on Sun, Jan 18th.

Indicate if you will be participating in the group presentations.

Until Thursday, January 8th, we are giving priority to Passaic singles to sign up for the private appointments. After that date, we will open the appointments to the singles in the tri-state area. Reserve quickly!

All events will take place, IY'H, at the house of Jeff and Marla Schachter at 207 Aycrigg Ave b/w Pennington and Passaic Ave.

We hope you will take this opportunity to meet Rebbetzin Feldman.

A project of Yad L'Simcha."

Joel Kotkin Bio | Politico.com

Joel Kotkin Bio | Politico.com: "Joel Kotkin's Recent Discussions
Considering the mysterious fate of a mere $350 billion in bailout money, why should Congress approve still more?

The bailout needs to be much more closely monitored. The fact that the last bailout essentially underwrote large bonuses on Wall Street should be investigated thoroughly. This would send a powerful signal to both the financial institutions and to the public.

Control of the funds needs to be focused not on saving companies, but spurring both short and long-term economic growth. Improving the balance sheets of both families and a broad range of companies should be the primary concern. Until Americans as families and in business feel they can afford to spend and invest, they won't. And probably shouldn't"


The Writers Cafe.org

Major Conflict

Major Conflict: "Speculation by large investors — and not supply and demand for oil — were a primary reason for the surge in oil prices during the first half of the year and the more recent price declines, an independent study concluded Wednesday.

The report by Masters Capital Management said investors poured $60 billion into oil futures markets during the first five months of the year as oil prices soared from $95 a barrel in January to $145 a barrel by July.

Since then, these investors have withdrawn $39 billion from those markets as prices have retreated dramatically, the report said. Oil traded at about $102 a barrel Wednesday on the New York Mercantile Exchange."


http://thewriterscafe.org

The Writers' Cafe

The Writers' Cafe: "personal belief is that there is no shortage of wealth in this nation, as well as in the world. Political theorists would have us believe that the economy of our country has taken a major downturn simply because perhaps a handful of the wealthiest have lost a few poorly placed bets"

Stephen C. Sanders
courtesy of:
http://thewriterscafe.org

Looking For Inspiration. | The Writers' Cafe

Looking For Inspiration. The Writers' Cafe:

We Are, What We Are To Become.

It was a fairly simple idea and somehow was fitting for a high school student. Therefore one should not waste any time and act as if they already are, what they are about to become.

http://thewriterscafe.org/

Where's The Beef?: The Secret of Ideas!

Where's The Beef?: The Secret of Ideas!:

"Here you are on the world wide web, reading one of my blogs, and you may well have it in mind to make some money on the web. Then one might wonder if the author of this blog has some sort of secret on how to make money on the web, then how come the author of this blog is not himself doing that thing which produces income.

The answer to that question is"

http://thewriterscafe.org/