Thanks to RBS, who sent this from The Times of London‘s web edition: There’s a chance Northern Rock is worth zero
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Those of you that have enjoyed reading the entertaining Hillbilly Housewife blog should be advised that they are no longer sharing web space. They bought their own domain name: HillBillyHousewife.com/. (Please update your links and bookmarks.)
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The demographic handwriting is on the wall: First Baby Boomer Files For Social Security Benefits. JWR’s comment: My favorite snippet from the SSA press conference: “There is no reason to have any immediate panic…” As our friend Stephen in Iraq said in a recent e-mail about this milestone, “Whenever a government official declares that there is no need for panic, that means, it’s time to panic! This is another sign that we need to be putting away not just for our future, but also for our children’s as well.” The Memsahib’s comment: If your intended retreat region is also a likely settling place for Baby Boomer retirees, then buy your property soon, before all those retirees arrive and drive up the land prices.
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A hat tip to SJC, who sent this: U.S. Fed chief warns Wall Street. Meanwhile, we also read: Bernanke Says Housing Slump Will Probably Be a ‘Significant Drag’ on Economic Growth