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
The wealth of the nation
by Earth Day, Gaylord Nelson
"...The wealth of the nation is its air, water, soil, forests, minerals, rivers, lakes, oceans, scenic beauty, wildlife habitats and biodiversity that'as all there is. That'as the whole economy. That'as where all the economic activity and jobs come from. These biological systems are the sustaining wealth of the world...."
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
Drug Abuse
about Facts about Drugs
Facts about drugs can protect against drug abuse. Legal drugs, such as alcohol and tobacco, kill more people than illegal drugs. Tobacco (smoking cigarettes) kills more people than any other drug. Illegal drugs including heroin, cannabis, ecstasy and amphetamines can have unknown or dangerous ingredients. Mixing drugs, especially with alcohol, can be fatal.
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 : Engineering
This is our Engineering category. If you are interested in Engineering, feel free to browse these listings. If you have a site that fits within this category, Submit it for inclusion.
A professionally managed enterprise and it has emerged as one of the leading players in the arena of manufacturing, exporting and supplying of diverse Magnetic Products, Magnets, Electro Holding Ma...
Founded in 2005, Corrosion Matters, by experienced electrical engineers today emerges as a leading specialist and technology provider for materials and advisory services for the Electrical Engineer...
Is the global leader in providing manufacturing solutions for the semiconductor, flat panel display and solar photovoltaic industries. Our technologies help make innovations like smartphones, flat ...
The type of glass in a window is determined by the use of the window. The majority of our windows are supplied with clear glass, toughened to the mark standard. Let us know how you want your window...
A leader of Urban Connection provide Mens Tall Tees Shirts, Tall T-Shirts, Hip Hop Tshirts, Urban Tees, Tall Tshirts, Long T-Shirts, Long tees, Polo Shirt in USA from Brandedbasics.
As recruitment specialists, Bis Henderson work with businesses to successfully hire supply chain, logistics and procurement professionals on a permanent and interim basis across professional, manag...
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.
Friendship poems happen to be just the best medium of expressing eternal friendship to that special friend. You can let all the love and affection you possess flow out, right onto the paper lying in front of you, through a sweet little friendship.