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Crooks pick up pace as South Florida suffers economic slowdown - Miami Herald

Pickpockets, shoplifters, car thieves and burglars are lurking with increasing frequency in South Florida, and the teetering economy is a big reason why. Property crimes are on a steady rise in Florida for the first time in 16 years, and experts say ...

140,000 homeowners 'have fallen into negative equity' - Independent

AT LEAST 140,000 homeowners have fallen into negative equity, with this figure expected to rise to 200,000 by the end of next year, it was warned last night. Jim Power, chief economist with Friends First, said: "I reckon the majority of first-time ...

Homicide inquiry launched after body of teenager found - Scoop

A body matching the description of a missing 15-year-old girl has been found and a homicide inquiry has subsequently been launched. Temperatures are rising on the North Shore, but it is not the sign of an early summer. Spring is the time for free ...

Rush of economic data likely to shape week - Forbes

Wall Street's steep gains in the final days of October are leaving some investors optimistic that the market has put its scariest days behind it, but they're still wary about the landmines that could send stocks reeling again. Tuesday's presidential ...

Housing demand in a nosedive - The Age

UPDATE Interest rates are expected to be cut by at least half a per cent on Melbourne Cup day tomorrow, but the prospect of cheaper lending did nothing to spur on home buyers over the weekend, with the proportion of houses finding a buyer at auction ...

Real economy is biggest presidential challenge - Daily Telegraph

Thomas Franke will no doubt remember this week for some time to come. After all, it looks set to be a historic one for the small business owner from Cincinnati, Ohio. Rather than recalling it as the week the 44th President of the United States was ...

Housing remains the biggest problem facing the US economy - Daily Telegraph

Of all the problems facing America's Main Street economy, housing remains the most significant. In spite of having a long lead-time on the rest of the economy – the housing market began to tank 18-24 months ago – the situation is only getting ...

Failed projects hang over former Pasco official - St. Petersburg Times

NEW PORT RICHEY — Just four years ago, downtown New Port Richey had few champions as prominent as Peter Altman. A former mayor turned county commissioner, Altman dreamed up Main Street Landing, a residential and retail project expected to revive ...

Stocks’ wild ride to likely continue this week - MSNBC

NEW YORK - Wall Street's steep gains in the final days of October are leaving some investors optimistic that the market has put its scariest days behind it, but they're still wary about the landmines that could send stocks reeling again. Tuesday's ...

Northern Rock and B&B will need more taxpayers' cash as housing market ... - Daily Telegraph

In August, the Government converted £3bn of its loan to Northern Rock into equity to bolster its core tier 1 capital ratio, which had slipped to the dangerously low level of 2.9pc. The Government may have to inject "£2bn pounds to £3bn more," into ...

Three million homeowners face negative equity trap - Times Online

Three million homeowners, or more than a fifth of households, could end up in the trap of negative equity, with mortgage debts larger than the value of their property, as house prices continue to plunge, new City estimates show. Bank of England ...

Bank of England faces demands for 1 percentage point cut in interest ... - Daily Telegraph

There has not been a cut of this size since the depths of the last recession in 1992. However, experts warned that the bank often acts "too late" and said "boldness" was urgently needed to help businesses, boost the housing market and encourage high ...

Home truths about the US crisis - Sydney Morning Herald

It is difficult to convey the meaning of 20 trillion dollars. If you were to multiply the entire Australian gross national product by 75, you would get an approximate sense of $US20 trillion, which is roughly the combined weight of the United States ...

How the markets came tumbling down - Detroit Free Press

"We're not buying any more," he told his traders at Bank of New York Co. It was May 2007, and Bosh, who managed $25 billion from the bank's 13th-floor trading room above Times Square, had just hung up on Ralph Cioffi at Bear Stearns Cos. a dozen ...

Want to forgo a Realtor to save money? Plan to do more work - Detroit Free Press

After three years in their 3,000-square-foot Macomb Township home, Judy and Roger Aitkenhead wanted to downsize. The retired couple said they spent too much time maintaining the mostly unused house. They also needed a cheaper mortgage payment to free ...

McCain to make midnight Fla. pitch - Palm Beach Interactive

John McCain is expected to attend a rally in Coral Gables shortly after midnight tonight, then appear at a rally in Tampa on Monday morning as he makes a final bid for Florida’s 27 crucial electoral votes. In the meantime, former New York mayor and ...

Economic forecast has silver lining - Detroit Free Press

That would be commodity prices. Oil, steel, some foodstuffs are going down in price, after skyrocketing earlier this year. "Commodity prices were a drag on the economy before, knocking a full percentage point off gross domestic product growth. Now it ...

Our government's approach to housing has grown nonsensical: encourage ... - Boston Globe

AT THE HEART of this fall's historic financial crisis lies a steep, nationwide fall in the price of homes. After a wild, bubble-like boom, housing prices have fallen more than 30 percent in some areas, wiping away the wealth of ordinary Americans and ...

Weaker pound hits holiday home sales - Guardian Unlimited

Portsmouth couple Allison and Michael Bond bought their French holiday home on a carefully calculated budget but, like hundreds of thousands of other Britons, their plans now risk being wrecked by the weak pound. 'We bought the house in Normandy in ...

CEOs, famous investors hit hard by market plunge - Associated Press

NEW YORK (AP) -- Here's something that might provide a bit of solace amid the plunging values in your retirement accounts: Warren Buffett is losing lots of money, too. So are Kirk Kerkorian, Carl Icahn and Sumner Redstone. They are still plenty rich ...

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