U.S. home sales rose for a third consecutive month in June, rising 0.7 percent above their level in May, the data company CoreLogic reported today.
The company said the figures reflect a “consistent and seasonal” increase in home prices over the past three months, but prices remain lower than one year ago due to declines that followed the end of the homebuyer tax credit. On an annual basis, prices were down 6.8 percent compared to June 2010. Excluding distressed sales, however, and prices were down only 1.1 percent from last year, indicating that price declines were concentrated among foreclosed properties. Ex Read the full post
Month
Over a quarter million retirees that are self funded will not be entitled to receive compensation that will be generated by the carbon tax according to National Seniors Australia.
Michael O’Neill who runs the organisation says that whilst the government has been very generous compensating holders of the Commonwealth Seniors Health Card, and pensioners, it has been less than stellar in sorting out those who have provided for their own future.
“The very people who have had the good fortune to provide for their own future again fall through the cracks,” Mr O’Neill told AAP.
According to Mr. O’Neill
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Carbon Tax, Self Funded, Tax
I thought this was pretty interesting and wanted to share it with my readers
Author’s Description:
Subramanian Swamy, a visiting professor at Harvard, former Union Cabinet Minister is renowned prosecutor against plunder of India by those at high He attended Hindu College, University of Delhi from where he earned his Bachelor’s He studied his masters degree in statistics at the Indian Statistical He then went to study at Harvard University on a full Rockefeller He did his doctoral research with two Nobel Laureates namely Simon Kuznets and Paul A Swamy has also jointly authored with Professor Samuelson a path breaking study on Index Number He was awarded a in Economics by Harvard University (Class of
People Tagged with: Dr. Sub
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Subramanian Swamy, Swamy
U.S. home values in June showed their smallest rate of decline since the start of the housing recession, according to new figures from the real estate analytical firm Zillow.
The 0.08 percent decline from May to June was greeted as an encouraging development, continuing a trend of steadily shrinking monthly declines throughout 2011. However, the news was tempered by the observation that the housing market continues to be weighed down by a massive backlog of foreclosures, which will need to be cleared out before a true recovery in home values can begin. On an annual basis, prices were down 6.2 percent from June 2010, also a small improvement over last month’s figures. Read the full post
Home, Home Price
Australian insurance major IAG is diversifying its earnings base by taking a strategic stake in Chinese general insurance company Bohai Property Insurance.
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Chinese, Chinese Insurer
Savings Accounts and Money Market Rates provided by 9 August 2011 Coming swiftly on the heels of the August 5 downgrade of the U.S. credit rating – from AAA to the less-than-perfect AA+ – by influential ratings agency Standard and Poor’s (S&P), the firm’s S&P 500 futures index reported a drop of six percent on Monday, August 8. This has brought considerable additional consternation to some already-panicked financial advisers and their clients, according to Reuters.
This recent drop is the most significant to hit the S&P 500 in almost three years, since the major financial crisis of 2008.
Numerous advisers found clients calling in a frenzy, hoping to sell their existing assets in the fear that they would lose value. Read the full post