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...easiest, yet least lucrative, way to invest in foreclosed homes is to buy one after it has been repossessed by the bank. Many lenders list REO ("real estate owned") homes on their web sites, and large auctions run by outside companies are gaining serious traction, too. These are outfits like Hudson & Marshall and Real Estate Disposition Corporation (REDC) that come to town, advertise like crazy, then auction off hundreds of bank-owned properties in a hotel ballroom in a single day. In the current climate, business has taken off: Hudson & Marshall is selling 40% more homes now than...
...priority at the leaders' summit was "a mistake," says John Edwards, chief economist in Australia for the HSBC financial group. Since the U.N. already has a framework for addressing the issue, he argues, APEC's impact will be negligible. Meanwhile, "they have missed the opportunity to do something serious on the issue of trade, by advancing the concept of an overarching free-trade agreement for the region...
...that view is changing: last year "the U.S. surprised everyone by announcing they were interested in the idea of an APEC free-trade area." This year came a free-trade agreement between the U.S. and Korea. "Nobody expected that to happen," Oxley says. "It's resulted in a very serious look in Japan at doing an FTA with the Americans. And that has been a paradigm shift." If the U.S. and Japan sign a deal, an APEC free-trade area will start to enter the realm of the possible...
...Outside of cardiac arrest and the injection of ketamine, NDE-type phenomena can occur in many circumstances, including fainting spells, serious disease and in the seconds before potentially catastrophic accidents, like falling off a cliff. While that doesn't suck the mystery from the phenomenon, it does suggest that NDEs are a flawed pointer to what might await us in death as opposed to the process of dying or a really hairy moment...
Indian news channels often spice up bulletins with a chutney of Bollywood gossip. But for the last few days, television news itself has begun to resemble Bollywood, thanks to the song and dance over the prison sentences awarded to two leading film stars, Sanjay Dutt and Salman Khan. Serious news anchors have weighed in on what a calamity the prison terms will be for the actors, their families, the film industry and the nation at large, while stories with perhaps more import - the possibility the government could collapse because of the controversial U.S.-India nuclear deal, sa, or terrorist bombings...