Times: I’m here to help, says Gordon Brown on tour to see nation’s suffering ‘I am here to help’, this ‘is a global financial crisis’, nothing to to with me. Article has some interesting Derby statistics at the bottom including personal bankrupcies up 98% on 2007, repossessions up 78% on 2007 and only 5% of people would even consider selling their house in 2009.
Original post by enuii
CNN: Porn industry seeks federal bailout WASHINGTON (CNN) — Another major American industry is asking for assistance as the global financial crisis continues: Hustler publisher Larry Flynt and Girls Gone Wild CEO Joe Francis said Wednesday they will request that Congress allocate $5 billion for a bailout of the adult entertainment industry.
House Price Bookmark
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Original post by flintster1994
Times Online: Punish savers and make them spend money Near-zero interest rates and even a tax on bank deposits are necessary to force those with cash to use it productively
House Price Bookmark
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Original post by mrmickey
Telegraph: Prime country homes see record price falls, Knight Frank estate agents finds “Most desirable areas have plunged by more than 20 per cent, according to the estate agent.” Where I am in Kent, Sussex, most properties have been taken off the market.
Once lower prices are acheived by friends and neighbours, the psychology of those keeping up appearances will lead to capitulation and allow more people to rethink acceptable valuations, comforted by the knowledge that they’re not alone.
Original post by lukeskywalker
MailOnline: Luxury home firesale: Owners of manors and farmhouses ‘may need to cut prices by 25 per cent’, says estate agent Owners of luxury homes could be forced to slash prices by 25 per cent or more to find a buyer, a report warned yesterday.
‘Prime’ manors, farmhouses and country cottages are all being hit, according to upmarket estate agency Knight Frank.
Original post by v stor
CNN.com: Pricing in a jobs apocalypse NEW YORK (CNNMoney.com) — There is no way around it. This is the worst job market in years and it’s going to get even tougher.
Original post by v stor
totaljobs.com: Job details - Property Negotiator Says everything about EA’s: no qualifications needed!
The Eastleigh office of a global estate agency is looking for self motivated and experienced agents, to build a strong personal portfolio in the region.
The right candidates will be responsible for the entire sales process, from valuing properties, advertising, viewings and completion.
Full training on company procedures will be given, with ongoing support and resources.
The right candidates will benefit from taking 70% of the fees they earn, and with an average of £2-3k per sale, theres a lot of money to be made!! The positions are commission only, which is reflected in the flexibility and earning potential of the roles, with some agents earning £100k plus!!
Original post by tyke
TimesOnline: Intel left reeling as sales drop by a quarter Intel, the world’s biggest microchip maker, stunned Wall Street after warning that sales had plunged by almost a quarter as global demand for laptops and mobile phones dried up.
Original post by v stor
FT.com: Investors shun German bond auction Investors shunned one of the most liquid and safest assets in the world on Wednesday as a German bond auction failed in a warning for governments seeking to raise record amounts of debt to stimulate their slowing economies.
Original post by v stor
Telegraph: Why the Bank would be wrong to cut interest rates to 300-year record low An article giving views on why the BOE would be wrong to cut interest rates tomorrow. Following the Fed towards a zero interest rate policy is wrong for three reasons. Cutting rates again is an error firstly because it will continue to miss its principal objective of kick-starting the economy, secondly because it is storing up inflationary problems for the future and thirdly because it is rewarding precisely the kind of behaviour which landed us in this mess in the first place.
Original post by johnny
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