News

The Tax breaks for buying homes has expired, ground breaking for new homes has gone down. Refinancing depended on the prices of U.S. homes to continue to increase, since that stopped refinancing has gone down. The 30 year mortgage rate is still a bargain at 4.7 percent coupled with the lowered home prices. A note: To energize sales due to the April 30 expiration of the $8,000 first homebuyers credit, developers are offering $8,000 in cash.

U.S.'s attempt to penalize Iran for its nuclear regime won't work oil experts and analysts say. The U.S. is trying to block the supply of oil to Iran, but due to the black market this won't happen. Iran consumes more Gasoline than it produces thus the need for importation. Sanctions on Gasoline imports will cause inflation and therefore government problems within Iran. Iran already has a 15-20% inflation rate.

U.S. Government officials are using their close links to legislation to profit. Although the investments are small and profits of around $300 are being made, this is still wrong. For example "Rep. Henry E. Brown sits on the highways and transit subcomittee of the house transporation and infrastructure committee. On Jan 23, 2009 thre days before the administration's economic-stimulus package was introduced on the house floor, Rep Brown bought shares of Caterpillar Inc."

NYU is planning its expansion by constructing a 38 story building with glass running from floor to ceiling, with the first 15 floors being a 240-room hotel which will cater to the visiting professors, other NYU guests, and the general population.

California is Subsidizing a network of 5000 charging stations for electric vehicles. Who'd want to get an electric vehicle, it takes 2-4 hours to charge. Positioning these gas stations near malls and restaurants seems promising.