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Category Archives: Economy

Slow down or even STOP foreclosure by the bank!

I found this article on the local Seattle PI web site and I think that it’s important enough to reproduce here.

Wily legal maneuver is holding off foreclosures
Homeowners demand to see original papers
By MITCH STACY
THE ASSOCIATED PRESS
ZEPHYRHILLS, Fla. — Kathy Lovelace lost her job and was about to lose her house, too. But then she made [...]

WaMu cuts 9200 jobs nationwide, 3400 in Seattle alone

As the ripples of the economic debacle continue to spread we will be seeing more cases like WaMu.  Washington Mutual collapsed in September and was acquired by JPMorgan for $1.9 billion. It was this nation’s largest bank failure in history.
Hopefully it will be the last such failure, but my guess is that [...]

VW Unveils New 69.9 mpg Hybrid

In spite of the promises by Detroit and the lavish spreads in Popular Mechanics, the flying car I was promised in the July 1957 is really no closer to a reality now than it was then.  Sure, there are some one off solutions, but honestly, who can afford to drive or fly something [...]

Auto Bailout – What is the Risk to the Taxpayer?

The ‘Big Three’, General Motors, Ford and Chrysler, have spent billions of dollars in the past few years betting that the American public doesn’t really want fuel efficiency.
That sounds like a harsh statement, but look at the facts:

The Hummer
Any Denali
Chevy Suburban
Ford Expedition
Cadillac Escalade
No electric car
Average MPG by [...]

Bush’s Legacy – Its Not Just For Americans

In overnight trading European and Japanese stocks fell so sharply that futures of US stocks quickly lost value as to reach their maximum permissible free-fall loss of 6%.  Apparently we are not the only nation to be facing economic recession.
But we are the nation who is at the root of the global issue [...]