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Property Company Scandal, Sickening Austerity, Troubling Unemployment Report
April 29, 2013 Outside in the world, Safeguard Properties was supposed to be protecting millions of homes that had slid into foreclosure, shoring up and repairing abandoned properties for the banks that were responsible for tending to all this real estate gone bad. But inside the offices of Safeguard's complaint department, Kevin Kubovcik says he gained a starkly different perspective on his company's pursuits as allegations of incompetence, malevolence and larceny rolled in day after day. Continue reading... | DAVID ROSNER | | | You Are a Guinea Pig | | A hidden epidemic is poisoning America. The toxins are in the air we breathe and the water we drink, in the walls of our homes and the furniture within them. And there's a reason why you've never read about it in the newspaper or seen a report on the nightly news. Continue reading... | | | | MOHAMED A. EL-ERIAN | | | How to Read the Week's Economic and Market Signals | | Expect next week's policy meetings to signal that central bank stand ready to step in, once again, to maintain the disconnect between buoyant equity markets and sluggish economic conditions -- not as an end in itself but, given Congressional dysfunction, as virtually the only way today to support economic activity (and it is rather imperfect as the expected benefits come with growing costs and risks). Look for the Federal Reserve to alter the thrust of its policy narrative. Rather than advance its prior emphasis on tapering its monthly $85 billion purchases of market securities, it will seek to reassure markets by iterating its willingness to do more if needed. Across the Atlantic, the European Central Bank will face increasing pressure to cut its interest rate (currently at 0.75%) and liberalize the collateral requirements it imposes -- both meant to loosen monetary conditions. Continue reading... | | | | DON MCNAY | | | How Poker Can Tell Us If a Person Will Blow His Money | | Poker players frequently give off signals that tip off the kind of cards they have. It is the same thing in these conferences. I would actually pay the attorneys and clients to bring me to meditations as I can spot problems and make corrections before they get money in their hands. Continue reading... | | |
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