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Category Archives: Economics
Buying BJ Services For $5.5 Billion
I think the price is a little steep. From Yahoo Finance: NEW YORK (Reuters) – Oilfield services company Baker Hughes Inc said on Monday that it would buy peer BJ Services Co for $5.5 billion in a move to take … Continue reading
Posted in Economics
Tagged baker hughes inc, bj services co, halliburton co, oilfield services company, schlumberger ltd, yahoo finance
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Why The Housing Boom Went Bust
I’m reading this new book by economist Thomas Sowell — The Housing Boom and Bust. He writes that "the idea that lenders would be offended by receiving monthly mortgage payment checks in the mail from blacks should at least give … Continue reading
Posted in Economics, Thomas Sowell
Tagged boom and bust, checks in the mail, community reinvestment act, community reinvestment act of 1977, economist thomas sowell, Thomas Sowell
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Inside The Mortgage Meltdown
Check out the book on Amazon.com. Edmund L. Andrews writes that nobody duped him. He duped himself. He had covered all sorts of financial meltdowns as an economics reporter for the New York Times, but when he bought a home … Continue reading
Posted in Economics
Tagged amazon, free markets, home mortgages, mortgage meltdown, New York Times, tom sowell
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What A Great Country!
From The New York Times: In 2007, the top one ten-thousandth of households took home 6 percent of the nation’s income, up from 0.9 percent in 1977. It was the highest such level since at least 1913, the first year … Continue reading
Posted in Economics
Tagged earners, households, New York Times, thousandth, three decades
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Why Does Real Estate Cost So Much In Coastal California?
I’m reading this new book by economist Thomas Sowell — The Housing Boom and Bust. From 2000 to 2005, the average home price in the United States increased by one-third. Millions of Americans began using their homes as ATMs, getting … Continue reading
Posted in Economics
Tagged boom and bust, economist thomas sowell, fannie mae, fannie mae and freddie mac, financial qualifications, Thomas Sowell
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