Even seven-year-olds get Type 2 diabetes - New Straits Times
KUALA LUMPUR: Malaysian children, as young as seven are developing Type 2 diabetes, thanks to a couch-potato lifestyle and gorging on high caloric food. Type 2 diabetes used to be seen only in adults over 45. Hospital Putrajaya, the referral hospital

Mortgage rates drop for second week - Baltimore Sun
WASHINGTON Mortgage rates dropped for a second straight week, reflecting the impact the weakening economy is having on financial markets. Freddie Mac , the mortgage giant, reported yesterday that rates on 30-year, fixed-rate mortgages averaged 6.14

Some coastal Texas residents still virtually homeless 2 months after - Daily Press
OAK ISLAND, Texas (AP) _ Truong Van Cao and two other fishermen share a cramped, muddy tent amid the wreckage of homes, including his own, destroyed when Hurricane Ike stormed across this little Southeast Texas town. Seventy miles to the northeast

Housing opens for single enlisted sailors - Navy Times
NORFOLK, Va.—Housing for some of the Navy’s youngest sailors opened here Friday, allowing the unwinding of a tradition where a ship in port is still a sailor’s home. Under the Homeport Ashore Initiative, the Navy has teamed up with civilian

Pace of home losses picks up - Cincinnati.com
More than 279,500 U.S. homes received at least one foreclosure-related notice in October, an increase of 5 percent over September, according to RealtyTrac Inc. One in each 452 housing units received a foreclosure filing, such as a default notice

Banking Executives Defend Dividends, Bonuses - RTT News
(RTTNews) - Representatives of four major banks receiving a federal capital investment defended their executive pay practices and pledged not to use those funds to pay investor dividends Thursday. Talking before the Senate Banking, Housing and Urban

Former housing minister demands apology from Trinidad PM - Caribbean Net News
PORT OF SPAIN, Trinidad: Sacked Trinidad and Tobago Housing Minister, Keith Rowley is demanding an immediate apology from Prime Minister Patrick Manning on the Parliament Floor for misleading the House on a $10 million housing project issue. At a

Major Losses for Westmont Faculty Housing - Santa Barbara Independent
del.icio.us. Independent reporter Chris Meagher reported from Westmont Road, where many Westmont College professors and faculty live with their families. The neighborhood is called Las Barrancas, and Dave Wolf, the college’s men’s and women’s

Federal mortgage aid effort called inadequate by lenders - Tulsa World
ATLANTA — Hundreds of lenders told federal housing officials Thursday that a $300 billion mortgage aid program requires too many losses for consumers and lenders to realistically help 400,000 Americans avoid foreclosure. “This program is extremely

David Parkes - Guardian Unlimited
Residential architect who was in at the start of Britain’s sheltered housing programme David Parkes, who has died aged 77, was an architect whose unusual strengths were far from those of today’s “starchitects”. A believer in team-work and with a

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Filed under: International markets, Bad news, Products and services, Ford Motor (F), General Motors (GM), China, Brazil, Russia, Toyota Motor Corp. (TM), Market matters, Eastern Europe, Recession, Financial Crisis

We all know the impact that the current economic slowdown has had on American auto sales, and this day we get news that European vehicle sales are also feeling the pain, with auto sales dipping 15% during the month of October.

According to the European Automobile Manufacturers Association, or the ACEA, October marks the sixth straight month that new-car registrations have fallen, but things have been much worse since the summer, when concerns of a global recession really started to spread.

General Motors Corporation (NYSE: GM) was the worst hit major American automaker, which had a 25% decline in sales in October on a year over year basis. Japanese maker, Toyota Motor Company (NYSE: TM) didn’t fare to much superior, with a 24% dip in sales. Ford Motor company (NYSE: F) did a little bit superior, with a reported 11.9% decline in October sales. Europe’s largest automaker, Volkswagen, held up the ideal among the majors, with “only” a 7.9% drop.

Continue reading Financial crisis impacts the European car market

Financial crisis impacts the European vehicle market originally appeared on BloggingStocks on Fri, 14 Nov 2008 16:32:00 EST. Please see our terms for use of feeds.

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A study has found that everybody has a very special body odor, like their fingerprints, that could be used as an very special identifier. The study showed that a persons one-of-a-kind odor stayed the same even if they varied their diet with strong smelling foods such as garlic and spices. “These findings indicate that biologically-based odorprints, like fingerprints, could be a reliable way to identify individuals,” said Monell chemist Jae Kwak. I would have thought that hundreds of years of dogs tracking people would have proved this, but it’s nice to know that science has figured it out officially now.

Read more of this story at Slashdot.

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An anonymous reader points out a story on the Irish Times that says “the Irish government is looking for ways to combat ‘cyber-bullying’ after data indicated that a significant percentage of young children are subjected to this kind of abuse via their mobile phone and popular social network accounts. The industry has been asked to come up with solutions for this problem and a government office is due to publish a guide on the issue in the near future. Surely this is a problem faced by children in all developed countries these days.” Add “for the children” to the list of reasons to track the Web-site habits of mobile web users in Ireland.

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Filed under: JPMorgan Chase (JPM), Housing, Recession

There are a number of theories that claim that until housing prices recover bank earnings cannot get better. Financial firms hold too many home loans and mortgage-backed securities. Another set of theories says consumers won’t start spending as long as home prices and the threat of foreclosures keep them frightened and cautious.

If these things are true, the economy has a long way to go to get superior as U.S. foreclosure in October rose 25% from a year earlier.

The U.S. government and several large banks including JP Morgan (NYSE: JPM) have begun the process of extending payment plans for some homeowners. Many of the programs are even offering lower interest rates to help keep people in their homes. But these effort might only go a tiny way to help solve the problem.

As long as people believe they may lose their jobs, they’ll think about abandoning their homes if things get rough. Feeding kids and keeping gas in the vehicle to get to work might, in many cases, trump keeping up on a mortgage on a home that loses more of its value every day.

Some predictions put unemployment at 9% or 10% toward the end of 2010. As long as layoffs keep marching toward those numbers, foreclosure rates are not prone to drop.

Douglas A. McIntyre is an editor at 247wallst.com.

Foreclosures keep moving up originally appeared on BloggingStocks on Thu, 13 Nov 2008 08:30:00 EST. Please see our terms for use of feeds.

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Life isn’t just making money - Merinews

Life is not just making money Merinews, Share This Share This No Comments » 14 11 2008 Titan Balloon Mission Being Drafted Posted by: in Life and Science eldavojohn writes “After Huygens & Cassini corrected our assumptions about Titan (a moon of Saturn), scientists are now debating about their next mission, and one of the choices is the Titan and Saturn System Mission. What makes Titan a good choice? ‘Although the atmosphere of Titan is filled with a smoggy orange hydrocarbon haze, it is primarily composed of nitrogen — just like Earth’s. In fact, Astrobiologists think Titan’s atmosphere may be quite similar to how the Earth’s was billions of years ago, before life on our planet generated oxygen.’ We also discussed its liquid hydrocarbons earlier this year.” Read more of this story at Slashdot. Share This Share This No Comments »

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