Archive for December, 2007

Real Estate Blog

Wednesday, December 12th, 2007

abcnews.go.com — ABU DHABI - No, it’s not made of solid gold — just ordinary materials. But it does come with the swagger of being labeled no. “1.” And that’s evidently worth a record $14.3 million.

bloomberg.com — The dollar has lost 5 percent against the euro since Sept. 18, when the Fed lowered its benchmark for the first time since 2003. “Lower interest rates are hurting the dollar,” said Axel Merk, who helps manage $285 million assets at Merk Hard Currency Fund in Palo Alto, California. “Why put the money in the U.S. where all kinds of negative ”

nytimes.com — “The newspaper will bow to growing financial strain and cut 100 newsroom jobs this year, primarily through attrition and buyouts, but layoffs are a possibility, the executive editor said.”

reuters.com — Fear that a hobbled banking sector may set off another Great Depression could force the U.S. government and Federal Reserve to take the unprecedented step of buying a broad range of assets, including stocks, according to one of the most bearish market analysts.