Submitted by unsettling economics
Whatever happened to the rabid calls for eliminating Sarbanes Oxley? Does anybody even Enron, Tyco, Worldcom, etc? After calls for strong regulation to prevent such things from happening again, we Congress gave us the weak Sarbanes Oxley. Not long after, the business press was squealing about the excessive requirements […]

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Submitted by Econbrowser
2007 ended like it began, only worse.
The Census Bureau reported on Friday that seasonally adjusted sales of new single-family homes fell 9% between October and November. And I don’t need to remind you that October was very, very bad.
The first five years of the millennium began with a remarkable housing boom, in which […]

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Submitted by CARPE DIEM

The small clinic at Kaival Hospital in Anand, India matches infertile couples with local women, cares for the women during pregnancy and delivery, and counsels them afterward. Anand’s surrogate mothers (pictured above), pioneers in the growing field of outsourced pregnancies, have given birth to roughly 40 babies.
More than 50 women in this […]

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Submitted by EconWeekly
Over the 12 months to October 2007, home prices in the 20 largest metropolitan areas declined by 6.1 percent. And they have fallen every month since January. With less equity to borrow from, homeowners could cut their spending. As a second whammy, a large volume of adjustable rate mortgages are scheduled to reset […]

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Submitted by CARPE DIEM
“Easy credit made bad homeowners out of good renters.”
~Los Angeles manager of rental property, from an article in today’s Mpls.-St. Paul Star Tribune
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Submitted by CARPE DIEM

Cheap Chinese products, like motorcycles that sell for only $440, are flooding China’s southern neighbors and consumers in Myanmar, Laos, Vietnam and Cambodia are laying out the welcome mat.
The products are transforming the lives of some of the poorest people in Asia, whose worldly possessions only a few years ago typically […]

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Submitted by CARPE DIEM

According to Glenn Maguire, chief Asia economist for Societe Generale SA in Hong Kong:
The economic repercussions of the housing bust and mortgage woes are limited to a great extent because fewer than half of American families own a home with a mortgage. Almost a third of all families rent their house or […]

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Submitted by CARPE DIEM

I have posted previously on low-cost, consumer-friendly, market-driven, walk-in retail health care clinics in retail stores like Walgreens, CVS and Wal-Mart, see here, here, here and here. Now Target has joined the market for retail clinics by opening Target Clinics in Minnesota (18 locations) and Maryland (5 locations).
Target Clinic’s medical professionals can […]

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Submitted by CARPE DIEM

Peggy Noonan writing in yesterday’s WSJ: We can’t have a president who spent two minutes on YouTube staring in a mirror and poofing his hair. Really, we just can’t.
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Submitted by CARPE DIEM
For 2008, the economic outlook is Topic No. 1 for almost all investors. Stock prices and bond yields already reflect recession worries, but an actual downturn would hit portfolios hard. To help get a handle on what to expect, BusinessWeek asked 54 forecasters for their views on everything from housing and the […]

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