This is the worst housing recession in US history and there is no sign it will bottom out any time soon. At this point it is clear that US home prices will fall between 20% and 30% from their bubbly peak; that would wipe out between $4 trillion and $6 trillion of household wealth. While the subprime meltdown is likely to cause about 2.2 million foreclosures, a 30% fall in home values would imply that over 10 million households would have negative equity in their homes and would have a big incentive to use "jingle mail" (i.e. default, put the home keys in an envelope and send it to their mortgage bank). Moreover, soon enough a few very large home builders will go bankrupt and join the dozens of other small ones that have already gone bankrupt thus leading to another free fall in home builders' stock prices that have irrationally rallied in the last few weeks in spite of a worsening housing recession. Losses for the financial system from the subprime disaster are now estimated to be as
by Klondike, 2007 KankaNation Laetare RecipientEditor's Note: Scroll down for Dave and my annual email exchange about the Baseball Hall of Fame inductions.#12What They Are Yelling: "Boo!"Rough Translation: You just participated in something very bad. Intentions do not matter. Bad luck does not matter. Not being a savant does not matter. What matters is that you are entirely responsible for bad things happening, and that you must mend your ways immediately. From this moment forward, remember what you have just done, and take all necessary steps to ensure that it never happens again.#11What They Are Yelling: "Whoo!"Rough Translation: You just did something very good. The spectators find this acceptable, and their collective expectations concerning your future endeavors have been raised. Remember what you just did, because you are now expected to repeat it unfailingly for the rest of your career.#10What They Are Yelling: "Defense!"Rough Translation: Your opposition is maneuvering in a way
The Twelve Days of Winter Veil: Day eightFiled under: WoW Insider Business, Contests It's day number five of our Winter Veil countdown, which means we have eight more days of fun and games to go! Ideazon and WoW Insider have some great holiday gifts to pass along to you: Zboard Gaming Keyboards, Reaper & Reaper Edge gaming mice, GH-100 gaming headsets, FragMat gaming mousepads with World of Warcraft artwork, with some game time cards and t-shirts thrown into the mix. What do you have to do to win, you ask? Simply leave a comment on today's post (just one, please!) -- and check back every day for your chance to enter and win! (To be eligible to win, you must be age 18+ and a resident of the US, so before you enter, please take a look at the full official rules.)For today's giveaway, we have three prizes lined up: a first-place winner walking away with a 60-day World of Warcraft game time card, and two second place winners who will each receive a FragMat mousepad. And the best p
Twelve Tips for Terrified Speakers! web pageConsidering the fact that the first post on this blog only appeared in mid-August, I have been delighted with the impact it is already making in terms of traffic, enquiries about work and compliments received about its usefulness to public speakers.As a Christmas gift to readers who have never picked up a copy at one of my speaking engagements, I am posting my very popular leaflet 'Twelve Tips for Terrified Speakers!' on this site.Rather than make this a sticky post which would be confusing when included with the other numbered Public Speaking Tips in the blog, I have decided to put it with the other web pages over on the left as a separate 'crash course!'Thank you for reading Nick R Thomas - A Public Speaker's Blog in 2007 - I hope it has helped you.Have a great Christmas and a Happy New Year.Nick.
Patti Smith - Twelve [2007]01. Are You Experienced?02. Everybody Wants To Rule The World03. Helpless04. Gimme Shelter05. Within You Without You06. White Rabbit07. Changing Of The Guards08. The Boy In The Bubble09. Soul Kitchen10. Smells Like Teen Spirit11. Midnight Rider12. Pastime Paradisehttp://rapidshare.com/files/59593380/Patti_Smith_-_Twelve__2007_.rarIf you want more visit my site: http://softeca.forumlive.org
Hi everybody! Today I am twelve years old. I am having a wonderful birthday. It started with a delicious bananer that I got to eat right off the peel. Usually I just get a few little pieces. And from my very good friends Skeezix, Mao, Rocky and Tripper, I got not one, not two, but THREE catnip bananers. I am a very lucky cat.They also gave me this big bag of extra-strong catnip! Thanks, guys!I was very happy, and then my Mommie petted me on the head and I meowed loudly with joy!My Mommie gave me this Cozy Calming Mat. You can heat it up in the microwave, and then it is all warm and toasty to lay down on. I think I will enjoy that.And Daisy got me this bag of Fit Nip. The bag says that it "Helps encourage older and inactive cats to exercise and play." So far, I do not feel like exercising.While I was opening my presents, my sister Daisy was acting nutty with the tissue paper.This has been a very exciting and tiring day. I am going to rest now. With my bananers.Thank you ever
There has been a bit of buzz surrounding the topic over the last year or so, especially on the blogosphere. Being the son of two University of Iowa grads and a lifelong Hawkeye fan I feel like chiming in with my thoughts. It really is a pretty interesting idea. I am totally buying the idea of the Big Ten expanding to 12 teams. It seems to work wonderfully for other conferences. I think since the Big Ten doesn't even have 10 teams (adding Penn St. made it an 11-team conference) why not just add one more? Why make it an 11-team conference if you're not planning on jumping up to 12?Some people talk about contraction. Some people are fools. On the surface, booting a team from the conference makes sense; after all, this is the Big Ten, and eleven minus one is ... hey! But who would go? So, without anyone to boot why not pick up a team and make it 12?! These days in college sports (especially in NCAA Football) money is huge. What could possibly be bigger money-wise than expanding the Big
But do these young girls really know their limits? Twelve year old Pragya from Summer Fields, Delhi, is upset with her dad for not allowing her to wear her favourite dress to the school’s conti party (continued party in a five star hotel at night, after a small one in school). FOR MORE VISIThttp://www.agloco.comhttp://www.mginger.com/http://yourlinkexchange.blogspot.com/http://theworldisyoursnow.blogspot.com/DESI FUNDOO... A FUN FILLED FUNDOO FORUM...
by Klondike, 2007 KankaNation Laetare Recipient
Editor's Note: This is the second in what Klondike hopes is a monthly series of his opinions on sports. Click on the "If Klondike ran sports" label at the end of this article to check out the complete collection.
#12: Trophies and Recognition. If I sell the most widgets in my industry, then by God I want a trophy with a little bronze man on the
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