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After an extended period when home values in Charlotte were not only stable but rising while those in other cities dropped, prices in Charlotte declined 1.8% for July 2008, the fourth straight month of declines. (July is the last period measured by the S&P/Case-Shiller Home Price Index.) "We're seeing a lot of mixed signals in the marketplace right now," says Garrett Alexander, the Mecklenburg County assessor. "I don't think we've seen all the impact of Wachovia. It's too early to tell what that impact will...
...freshman.Hanson is the quintessential normal guy off the field: quiet, reserved, and noticeably polite. A human evolutionary biology concentrator and aspiring doctor, Hanson is truly dedicated to his schoolwork off the field. You can usually find him sporting an abnormally large backpack as he fixes his retainer with his index finger. Neither his size nor his demeanor gives off the typical airs of a football player, but his performances on the field tell the story.“The kids love him, he’s one of the top five most sincerely humble guys on the team...
...manufacturers - Renault, and the PSA group that makes Peugeot and Citroën cars - said they will temporarily close all their domestic factories this week, and have asked employees to stay away on paid leave in response to shrinking demand. Germany's Ifo Institute, meanwhile, said its primary activity index, which measures industry and trade activity, fell to a five-year low last month...
...capital and will be selling common and preferred shares. It was negative news following negative news. Less than one week ago, Mitsubishi UFJ downgraded its net profit for the first half of the year to about half of what it was last year at this time. Japan's Nikkei index closed at its lowest level in 26 years...
...share, compounding investor worry that the appreciation of the yen will further reduce share value and corporate profits. Mitsubishi UFJ, like Japan's other mega-banks, avoided damage caused by the subprime crisis, but its stock portfolio is now taking a hit as the Nikkei and Tokyo Stock Price Index (Topix) continue to fall and wipe value from its balance sheet. One credit analyst estimates that since the end of June, the total stock value held by the top three banks has dropped by $56 billion, signaling that other banks are clearly at risk...