News quiz #3.
This quiz is based on major news events that recently made headlines in issues 11 through 15 of Current Events. Put your "knows" for news to the test by answering the questions below. People in the News Identify each person below by writing the letter of the...

Monetary mayhem: the world's central bankers are creating currency and "out of thin air" at an astounding rate. The consequences will be devastating.
[ILLUSTRATION OMITTED] Gold fever is back, with futures surging to an all-time high above $880 an ounce on January 8, after enjoying a run-up in 2007 of nearly 32 percent against the dollar. Gold for February delivery hit $880.30 an ounce on the New York Mercantile Exchange,...

The Complete Guide to Real Estate Tax Liens and Foreclosure Deeds.
The Complete Guide to Real Estate Tax Liens and Foreclosure Deeds Don Sausa The Vision Press 6900-29 Daniels Parkway #147, Fort Myers, FL 33912 0978834682, $24.95 www.thevisionpress.com Tax lien expert Don Sausa presents The Complete Guide to Real Estate...

The foreclosure purchase by the equity of redemption holder or other junior interests: when should principles of fairness and morality trump normal priority rules?
I. INTRODUCTION I am both delighted and honored to be able to participate in this celebration of Dale Whitman's forty years as an outstanding teacher, dean and scholar. Our relationship goes back to 1973, when Roger Noreen, a vice president at West Publishing Co (now West Group)...

Subprime fallout: Congress, industry groups respond to rising mortgage foreclosures.
At an April 17 hearing to explore possible responses to the rising home mortgage foreclosure rates, Rep. Barney Frank, D-Mass., Chairman of the House Financial Services Committee, heard testimony from Fannie Mae, Freddie Mac, the Federal Housing Administration, the mortgage industry and consumer organizations. The hearing was held to...

My favorite tech tool: from iPhones to fingerprint scanners, appraisers share their favorite gadgets and online services.
Valuation magazine asked a panel of tech-savvy members, "Other than the Internet, what is your favorite tech tool?" They weighed in with a variety of tools including Internet-related applications, listings services, foreclosure tracking services, maps, screen-capture technology and remote-access capabilities. Despite the directive of "other than the...

Keeping the homeownership dream alive: with foreclosures at an all-time high, lawmakers are working to help people keep their homes.
Long touted as the American dream, homeownership is at its highest ever. But with rising interest rates and the growing number of houses in foreclosure, owning a home may be some people's worst nightmare. Buying a home can be a confusing, complicated transaction--and cost a lot of...

Subprime survival: everything you need to know for life after the bubble.
The party's over. After six years of easy credit and spiraling values, the increasingly frenzied credit and real estate action abruptly shifted course in the summer of 2007 as the subprime loan market started to self-destruct. Former Federal Reserve Chair Alan Greenspan's warning about "irrational exuberance" during the dot-com...

A note on successive oligopolies and vertical mergers.
Abstract: In this paper we analyze how the technology used by downstream firms can influence input and output market prices resulting from collusive agreements between some downstream and upstream firms. We show via an example that both these prices increase under a decreasing returns technology while the contrary holds...

Economist expects growth in 2007; Federal Reserve official downplays home sales' impact.
Byline: Andi Esposito WORCESTER - While a sharp downturn in residential real estate has slowed the nation's economic growth and will remain a drag, it is unlikely to cause a recession, said Lynn E. Browne, senior economist at the Federal Reserve Bank of Boston, in a speech...