A Stern Glance

The number of housing starts over the next few years will depend on three factors: the underlying demand for new housing units; cyclical and financial conditions, such as unemployment rates and lending standards; and the number of excess vacant units (that is, vacancies exceeding those observed under normal conditions). The Congressional Budget Office (CBO) expects [...]

WASHINGTON – Treasury Secretary Henry Paulson said today the $700 billion government rescue program will not be used to purchase troubled assets as originally planned. (See Full Text)
Paulson said the administration will continue to use $250 billion of the program to purchase stock in banks as a way to bolster their balance sheets and encourage [...]

How does an investor sign up to participate in the Treasury’s Temporary Guarantee Program for Money Market Funds?
While the program protects the shares of all money market fund investors as of September 19, 2008, each money market fund makes the decision to sign up for the program. Investors cannot sign up for the program individually.
How [...]

Washington –  The Treasury Department has submitted legislation to the Congress requesting authority to purchase troubled assets from financial institutions in order to promote market stability, and help protect American families and the US economy. This program is intended to fundamentally and comprehensively address the root cause of our financial system’s stresses by removing distressed [...]

It’s apparently doing far better than we thought, at least according to the Las Vegas Metropolitan Police Department which apparently believes the most appropriate time to build a new headquarters is now, during what is arguably the worst economic downturn in the history of Las Vegas. According to The Las Vegas Review-Journal, “The proposed campus [...]