FREDDIE MAC AND FANNIE MAE BAILOUT
July 14, 2008 - USA
Freddie Mac and Fannie Mae who own or guarantee about $5.3 trillion worth of home loans about half of all US mortgages have seen a loss of confidence my the market due to the mortgage forclosure increase and the drop in property values in the United States. Both company Shares have been under increasing pressure and have lost as much as 80% of share value in just 12 months . The Fed has given the green light for the Federal Reserve Bank of New York authority to lend any money needed to allow them to continue providing mortgages at 2.25% and will expand its current line of credit to the two companies and buy shares of the companies if needed to prop up share price in these troubled times. Congress is also to approve a package next week which includes a foreclosure rescue to help strapped homeowners get new, more affordable government-backed mortgages through the Federal Housing Administration.
ANHEUSER- BUSCH TAKEN OVER
July 14, 2008 - USA
After a $52 billion takeover deal, American beer maker, Anheuser- Busch, was taken over by the Belgian beer maker InBev on this day. The merging of the two companies made the newly combined company, Anheuser-Busch InBev, the largest beer maker in the world. The new combined company produces some of the most well known beer brands in the world including Bud Light, Budweiser, Becks and Stella Artois.
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RANDOM QUOTES
Rules for Happiness
by Immanuel Kant
"...Rules for Happiness: Something to do, Someone to love, Something to hope for...."
Until a man duplicates a blade of grass
by Earth Day, Thomas Alva Edison Inventor
"...Until a man duplicates a blade of grass, Nature can laugh at his so-called scientific knowledge. Remedies from chemicals will never stand in favorable comparison with the products of Nature, the living cell of a plant, the final result of the rays of the sun, the mother of all life...."
RANDOM FACTS
Salary
about Steve Jobs
Steve Jobs' annual salary was $1, just enough to keep company health benefits.
More vehicles
about Stolen On New Year's
More vehicles are stolen on New Year's Day than any other holiday throughout the year. (So does that mean thieves are having their last fling before changing their ways or are they trying for a big score to start the New Year?)
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Category Information : Libraries
This is our Libraries category. If you are interested in Libraries, feel free to browse these listings. If you have a site that fits within this category, Submit it for inclusion.
Strives to promote the use and support of local public libraries in every city across the United States. We strongly feel that the most important tool in our children's development is the availabil...
Horseback riding in Las Vegas. Choose from rides that include breakfast, lunch, or a sunset steak dinner. Overnight Las Vegas horseback tours also available.
A group of people with the same desire to help rescue and save small breed dogs from high-kill shelters throughout the united states and find them loving forever homes. We are always looking for vo...
Champagne hot air Balloon flights over Berkshire, Hampshire, Hertfordshire, Oxford, Surrey and London. The perfect surprise gift for that special occasion - Birthday Presents, Valentine Surprises, ...
The course of the River Thames as we know it today was created about 10,000 years ago, by melt water from the ice-sheets that covered much of the United Kingdom during the last ice-age...
Search engine is the term with which we are accustomed with very much. But the web directory is not that same. The web directories are older than search engines according to the time of their invention.
Unfortunately just like humans our pets will age too. With the aging process comes health problems and with health problems comes very expensive vet bills. Research you dog