Obama hits again by Claudia Sonea

It is getting hot in the kitchen and Obama is on fire. In spite of the recent ruckus with him not being born on US soil, the Democrat candidate is getting to people’s hearts by approaching the main problem: economy. In the absence of any solutions offered by his opponent, Obama gave in his speech from Monday in Toledo (a crucial city) numerous solutions with quick implementations.
Let us see what he proposed and why it sounded appealing. First he offered a quick solution that the Congress could pass after the elections: 90-day moratorium on home foreclosures, a two-year tax break for businesses and the possibility to withdraw up to $10,000 from their retirement accounts without any penalty for a period of two years. Also he proposed for taxes to be increased 5 percent for those earning over $250,000 a year and tax cuts for those earning less than $200,000 a year. The $3,000 tax credit for each additional full-time job a business creates is definitely a good starting point for the unemployment issue and for small business too.
On the other hand he underlined the benefits of the bailout plan and praised Paulson’s actions, but added that some banks could be bought and partially nationalized. Obama concluded underlining the fact that the final ingredient to all his solutions and the only one that could make things work is the unity of the American people and joint efforts. Well, bravo I would say, he just makes you want to vote for him, doesn’t he?


related story: http://news.yahoo.com/s/ap/20081013/ap_on_el_pr/obama;_ylt=AujoT2PiztODjgKHQX9cT3Ws0NUE

by Claudia Sonea for PocketNews (http://pocketnews.tv)

PocketNews is a new real-time news broadcaster delivering the latest and hottest news right to your pocket ! With global clients who want to be kept up to date, PocketNews is everyone's way of keeping in touch with the World.

These news are original content from young talents around the world and are selected for you by Chris Cantell.


edited by Beata Biskova

Chris Cantell Discusses Real-Estate: Obama uimeste by Claudia Sonea

Se face cald in bucatarie si Obama e pe val. In ciuda ultimei controverse creata de suspiciunea cum ca nu ar fi nascut pe teritoriul SUA, candidatul democrat ajunge la inimile oameniilor prin dezbaterea problemei lor cea mai arzatoare: economia. In absenta oricaror solutii viabile de catre adversarul sau politic, Obama a oferit in discursul sau de luni de la Toledo (un oras cu mare importanta) solutii numeroase cu implementare rapida.
Haideti sa vedem ce a propus si de ce parea asa irezistibil. In primul rand a cerut o solutie rapida pe care Congresul ar putea-o aproba imediat dupa alegeri (un memoratoriu de de 90 de zile pentru creditele ipotecare, o scutire de taxe de doi ani pentru afaceri si posibilitatea de a retrage pana la $10,000 din fondul de pensii fara a fi penalizati atat anul acesta cat si la anul). De asemenea a propus ca taxele sa fie marite 5 procente pentru cei care castiga peste $250,000 pe an si reduceri de taxe pentru cei ce castiga mai putin de $200,000 pe an. Un bonus de $3,000 pentru fiecare nou angajat in regim full-time pe care o firma il dobandeste care reprezinta o solutie la somajul ridicat.
Pe de alta parte a subliniat beneficiile programului de salvare si a laudat actiunile lui Paulson, dar a adugat ca unele ar putea fi cumparate si apoi nationalizate partial. Obama a incheiat discursul adaugand ca ingredientul essential fara de care nimic nu e posibil este ca poprul American sa lucreze impreuna.


related story: http://news.yahoo.com/s/ap/20081013/ap_on_el_pr/obama;_ylt=AujoT2PiztODjgKHQX9cT3Ws0NUE

by Claudia Sonea for PocketNews (http://pocketnews.tv)

PocketNews is a new real-time news broadcaster delivering the latest and hottest news right to your pocket ! With global clients who want to be kept up to date, PocketNews is everyone's way of keeping in touch with the World.

These news are original content from young talents around the world and are selected for you by Chris Cantell.


edited by Beata Biskova

Pending home sales rise in August by Magdalena Rosova

Pending sales of American single-family homes incredibly rose in August to the highest in over a year, according to Pending Home Sales Report for August released by the National Association of Realtors (NAR) on Wednesday.

Pending Home Sales Index (PHSI), that is released during the first week of each month and is designed to be a leading indicator of housing activity, showed a jump of 7.4 percent in August.

The rise was fueled by a significant increase in west coast sales activity.

Some analysts say that the jump is influenced by chaos in global financial markets as well and therefore may be only temporal. "Housing at first impacted the economy and the economy is now impacting housing in a vicious cycle," said Nigel Gault, leading U.S. economist at Global Insight in Lexington, Massachusetts.

The most interesting about the jump of sales is that economists had expected absolute opposite – drop by 1.8 percent.

The Government took under control the biggest home funding companies Fannie Mae and Freddie Mac in September. Economists hope that the takeover will bring rates down and buyers back into the market.

Pending home sales increased in all regions in August: 18.4 percent in the West, 8.4 percent in the Northeast, 3.6 percent in the Midwest and 2.3 percent in the South as well.

The NAR predicts that mortgage rate will rise to 6.6 percent by the end of next year. Their another forecast is that already existing home sales will rise to 5.41 million next year and new home sales will fall to 471.000 in 2009.


related story: http://bstocksdev.weblogsinc.com/2008/10/08/pending-home-sales-rise-in-august/

by Magdalena Rosova for PocketNews (http://pocketnews.tv)

PocketNews is a new real-time news broadcaster delivering the latest and hottest news right to your pocket ! With global clients who want to be kept up to date, PocketNews is everyone's way of keeping in touch with the World.

These news are original content from young talents around the world and are selected for you by Chris Cantell.


edited by Beata Biskova

Chris Cantell Discusses Real-Estate: Porasna neizvesnosta vo prodažbata na domovi vo avgust by Magdalena Rosova

Brojot na neprodadeni amerikanski domovi neverojatno porasna vo avgust do najvisokata brojka za poveke od edna godina, spored izveštajot za neprodadeni domovi za avgust objaven od strana na Nacionalnata Asocijacija na agenti (NAR) vo sredata.

Indeksot za prodadeni domovi (PHSI) koj se objavuva vo tekot na prvata nedela sekoj mesec i e dizajniran da bide glaven indikatori za aktivnosta so domovi, pokaža skok od 7.4% vo avgust.

Rastot beše pottiknat so značitelnoto zgolemuvanje na prodažbata na zapadniot breg.

Nekoi analitičari velat deka na vakviot skok vlijanie imal haosot na svetskiot finansiski pazar kako i tokmu poradi toa može da bide samo privremen. "Prodažbata na nedvižnini prvo vlijaeše na ekonomijata i sega ekonomijata vlijae na nedvižninite kako magičen krug," izjavi Najdzel Golt, koj ja vodi amerikanskata ekonomija vo Global Insight vo Leksington, Masačusets.

Najinteresno za skokot na prodažbata e deka ekonomistite go očekuvaa kompletno sprotivnoto - pad od 1.8%.

Vladata ja prezede kontrolata nad najgolemite kompanii koi gi imaat fondovite za domovi Fannie Mae i Freddie Mac vo septemvri. Ekonomistite se nadevaat deka ova prezemanje ke pridonese da se namalat stapkite i kupuvačite da se vratat na pazarot.

Prodažbata na nedvižnini se zgolemi vo site regioni vo avgust, 18.4% na Zapad, 8.4% na Severoistok, 3.6% na Sredozapad i 2.3% na Jug isto taka.

NAR predviduva deka hipotekarnite stapki ke se zgolemat do 6.6% do krajot na idnata godina. Nivnata druga prognoza e deka veke postoečkata prodažba na domovi ke porasne na 5.41milioni narednata godina i prodažbata na novite domovi ke opadne na 471000 vo 2009 godina.

related story: http://bstocksdev.weblogsinc.com/2008/10/08/pending-home-sales-rise-in-august/

by Magdalena Rosova for PocketNews (http://pocketnews.tv) translated by Zivka Deleva

PocketNews is a new real-time news broadcaster delivering the latest and hottest news right to your pocket ! With global clients who want to be kept up to date, PocketNews is everyone's way of keeping in touch with the World.

These news are original content from young talents around the world and are selected for you by Chris Cantell.


edited by beata Biskova

Real estate market slow to respond to gov't plan by Radka Konkolova

The United States are always facing the credit crisis. It has been the worst crisis since quite long time. All of these happened because banks have been not as strict and rigorous in mortgages’ and loans’ offers and provisions. Probably everybody knows that in the United States borrow money from state or private lenders, is much easier than in other parts of the world, e.g. in Europe.

So American citizens had realized borrowing money is advantage for most of them, because they have needed money anyway and there had been not very strict conditions for them to receive money from banks, so what is the reason to keep away from such offer? Also interest rates were on quite low level, so there were not as high interest and fees. And because nowadays living is more and more expensive, most of American thought this solution could make their financial situation better and they would be able to afford to buy new house or something they like to possess. But later the situation got really bad. Most of borrowers weren’t capable to repay the borrowed amount.

That time people also used to buy houses and flats, because there were also some advantages and benefits for homebuyers. Now the situation has changed. It is not as advantageous and instead of buying new houses people have to sell them or let them foreclosed.

Mortgages offers, interest rates as well as clients’ interest depend on the market progress and on exchange and on value of its indexes, too. Everything from mentioned is very unpredictable, so the situation can change very fast.

Some people are trying to get rid of their homes, so they must come with the price what others are willing to accept. And it is not easy these days, because people want to buy cheaper houses, but on the other hand sellers can’t cut prices too much, because it would be inconvenient for them and they would earn a loss.

According to some economists a market is a system of subjects and of correlation among them. It is place where demand meets the supply and vice versa. It is also a mechanism which is able to exist and recover without any derogation. Anyway in this case the government stimulates the market mechanism and orders some rules and restrictions. But it seems to me, this doesn’t help people very much and they are probably a bit sceptic of it. And they are also afraid, angry and nervous about this situation and also are asking how long it will last…

related story: http://news.yahoo.com/s/ap/20080921/ap_on_bi_ge/financial_meltdown_housing;_ylt=AsQTK0B51SdoSngE0AqAe0Ss0NUE

by Radka Konkolova for PocketNews (http://pocketnews.tv)

PocketNews is a new real-time news broadcaster delivering the latest and hottest news right to your pocket ! With global clients who want to be kept up to date, PocketNews is everyone's way of keeping in touch with the World.

These news are original content from young talents around the world and are selected for you by Chris Cantell.


edited by Beata Biskova