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Chinese Drywall Cited in Building Woes Chinese-made drywall used in Florida is causing unpleasant odors and possibly leading to electric problems in dozens of homes constructed during the housing boom. Wall Street JournalThere`s Life in the Life-Insurance Sector Buying life-insurance stocks at their November lows could go down as one of the best trades in this bear market. And there is juice left in the sector if the corporate bond market continues to rally. Wall Street JournalNew Data Say House Prices May Be Nearing a BottomTelegraph Government should buy homes in danger of repossession Two former Bank of England economists have published a report in which they urge the Government to step in and buy the homes of people about to be repossessed, in addition to helping those who are falling behind with their mortgage repayments.In a work entitled “A truly unconventional monetary policy for the UK”, Shamik Dhar [...] TelegraphProgressive Automotive X PRIZE: Progressive Insurance Automotive X PRIZE Announces New Division for Large Automakers to Showcase Fuel-Efficiency Efforts DETROIT, MI (MARKET WIRE) The Progressive Insurance Automotive X PRIZE, a multimillion dollar competition designed to inspire a new generation of viable, super fuel-efficient vehicles, today announced details of a Demonstration Division designed specifically for large, established automobile manufacturers. 'We believe that this new Division provides an ideal platform for major automakers in the U.S. and E.U. to promote their latest fuel-efficient vehicles and we hope this announcement sparks new entries into the competition,' noted Peter Diamandis, President and CEO of the X PRIZE Foundation. Market WireGrant lures thousands THE Australian economy could get some very welcome respite from the gloom this week, with the first-home buyers' grant stimulating the housing sector. The Courier MailLloyds of London members said to face capital raising LONDON (Reuters) - Lloyds of London LOL.UL, the world's oldest insurance market, has warned its members they may be forced to raise more capital to cope with the slide in the value of the pound, The S... TelegraphRob Gauntlett, youngest Briton to climb Everest, dies in Alps The youngest Briton to climb Mount Everest has been killed in an accident in the French Alps along with another British climber.The family of Rob Gauntlett, 21, who reached the summit of Mount Everest in 2006, today spoke of their devastation at his death.Gauntlett's mother, Nicola, speaking from the family home in Petworth, West Sussex last night, said he and a friend had been ice climbing in Chamonix when there was a 'big fall'. The friend was later named by the Foreign Office as James Atkinson, 21, from Sussex.She said: 'At the moment we don't know exactly what happened but there was obviously a big fall and they both died. We've only just been told the news.''We are all just devastated. He's far too young to die. We had spoken about something like this happening only recently.'We can only take consolation that he died doing something that he loved.'She said her son and his friend had arrived in the French Alps on 2 January and had been due back in the UK on Wednesday. She and her h TelegraphTower Group Inc. Niche Market Nice Stockmrswing.com The foreclosure crisis isn The foreclosure crisis isn't confined to big cities. On one Hugo street, owners try to sell town homes right next to identical units in foreclosure, which list at lower prices. Big News Network1 2 |
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