Friday, July 17, 2009

More Writing On The Wall

NEW YORK (Reuters) - U.S. home foreclosure activity galloped to a record in the first half of the year, overwhelming broad efforts to remedy failing loans while job losses escalated.

WASHINGTON (AP) - Relentlessly rising unemployment is triggering more home foreclosures, threatening the Obama administration's efforts to end the housing crisis and diminishing hopes the economy will rebound with vigor.

July 16 (Bloomberg) -- China overtook Japan as the world’s second-largest stock market by value for the first time in 18 months, after government stimulus spending and record bank lending boosted share prices this year.

Israeli and Egyptian officials said two ships had sailed through the Suez Canal into the Red Sea. Media reports in Israel said the two Saar-class missile ships had been sent as a "message" to the Tehran government, which has repeatedly issued threats against Israel and is developing nuclear technology believed by the West to be intended for atomic weapons programme.

But don't worry about it... everything is under control.

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