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...According to Reuters, "Dan Adams, president of U.S. Information Systems for Equifax Inc, reported that 7 percent of homeowners with mortgages were at least 30 days late on their loans in February, an increase of more than 50 percent from a year earlier." And, nearly 40% of subprime borrowers are behind by a month, which is also up significantly from...
...first quarter has been marked by almost no "earnings warnings." Companies that think they will miss either their own forecasts or those floating around on Wall St. traditionally tell the world that results will be worse than expected so investors can abandon their holdings a week or two earlier than they would if the company waited to put out results on its normal schedule. It is a perverse practice which is probably due to concerns by the SEC that a public corporation should not sit on really bad news any longer than possible. There have been very few warnings this...
...capital have stoked fears that Sunni extremists may be preparing more violence in anticipation of the U.S. troop pullout later this year. On March 10, 33 people were killed in a blast following a reconciliation meeting in the town of Abu Ghraib on the outskirts of Baghdad. Two days earlier, at least 28 died in a similar attack outside Baghdad's police academy...
Crappy day to be out and about, eh? Didn't even get to J.P. Licks like you planned to? Got driven from the Sci Center earlier than you wanted? It's ok...you know what they say about the best laid plans. FlyBy is sure you're dry and cozy now--even if things are still not going according to plan...
...Suan Dusit polling agency shows that nearly 70% of Thais want Thaksin to stop inciting unrest and allow the government to work at solving the economic crisis. With the Thai economy set for a potential contraction of up to 4% this year, the Asian Development Bank said earlier this week that political infighting could hamper the effectiveness of the government's $44 billion economic stimulus program. The fate of that program, and the government itself, may rest on events surrounding the protests. And once again, most Thais can do little but watch, and wait...