Asian stocks tumble in heavy sell-off.
TOKYO, Nov. 8 (AFP) -- Asian stocks were pummelled in a heavy selloff on Thursday, following a slump on Wall Street that was triggered by big losses at General Motors, a falling dollar and soaring oil prices, dealers said. Trading screens across the region were awash in...

The loss of a dream; Skyrocketing foreclosures a tragedy that is still unfolding.
Byline: Martin Luttrell WORCESTER - A small cluster of men stood in the rain at 2 p.m. Friday outside 273 Cambridge St., a beige three-decker with a blue minivan parked in the driveway. Without walking through the three-family wood frame building, Michael G. Roy of Commonwealth Auction...

Asian nations urged to tap idle forex reserves for dev't.
Byline: DANIEL ROOK KYOTO, Japan, May 6 (AFP) -- Asia's emerging economies should spend some of their huge foreign exchange reserves to improve the lives of their people and underpin future growth, the Asian Development Bank's chief economist said. Asian finance ministers meeting here Saturday...

Messing with the mortgage market.
ITEM: "More steps by Congress and the Bush administration are likely needed to stabilize the imploding U.S. housing market, a senior White House official said on Tuesday, as more signs of distress appear," reported Reuters on January 2, 2008. "Early last month, President George W. Bush unveiled a plan...

Regulation time?
NEW YORK, JANUARY 2 SOCIAL critics are despondent over the failure absolutely to fix blame on somebody for the terrible subprime-mortgage phenomenon. There's the temptation to blame a phenomenon judged to be malicious, or at best thoughtless, on an institutional feature of the free-market system. Jared Bernstein...

Fuzzy math; Learning to live within your means.
Byline: Lisa Eckelbecker Her head bent over a budget questionnaire, Abigail T. Milewski stared at a column of numbers that refused to add up the way she had hoped. A car, an apartment in a major city, donations to charity and chic clothing - no...

Economic stimulus carries wrong signal.
"It's strangely ironic that Washington is telling Americans to go out and spend to help save our troubled economy," notes Mark Johannessen, president of the Financial Planning Association, Denver, Colo. "It might help the economy, but it won't help Americans dig out of their own spending debt." ...

Business briefs.
COLUMN: Business briefs Telegram & Gazette Bloomberg Index Central Massachusetts Last: 179.19 Change: +1.40 Volume: 55,510,321 Up: 15 Down: 8 Unchanged: 7 Gainer: Citizens National Bancorp Inc. $104.00 +$2.00...

What not to do about subprime failures.
As high default rates on subprime loans continue, various state and Federal officials are eager to "do something" to counter the failures--especially to give aid to homeowners who bought mortgages they could not afford. "This is exactly the wrong approach," warns Alex Epstein, an analyst at the Ayn Rand...

Local market resisting decline.
Byline: Randi Bjornstad The Register-Guard The president of the Eugene Association of Realtors says Lane County home sellers and buyers should be careful - but not fearful - when entering into real estate transactions, despite burgeoning foreclosure rates among subprime mortgage holders and resulting plunges on worldwide...