House votes down massive bailout measure

September 29, 2008

BREAKING NEWS
WASHINGTON – The House on Monday defeated a $700 billion emergency rescue package, ignoring urgent pleas from President Bush and bipartisan congressional leaders to quickly bail out the staggering financial industry. Stocks plummeted on Wall Street even before the 228-205 vote to reject the bill was announced on the House floor. When [...]

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FEARLESS PREDICTIONS – UT VS ARK

September 26, 2008

Oh, the Hater-aid will be flowing in Austin tomorrow!  With Rice and
Arkansas back to back, I’m having flashbacks of the old Southwest
Conference.  Speaking of Rice and Arkansas back to back, I think I like
this revised order in which we play them better this way…the reason
(Ike) is horrible, but the results for the Horn’s could make [...]

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Plan to avert market depression in works

September 22, 2008

AUSTIN, Texas (NBC) — In another dramatic development from Wall Street, two finance giants are trying to save themselves.
It comes as lawmakers this week debate a plan Bush administration officials said will avert a depression.
With the fed’s approval Sunday night, Goldman Sachs and Morgan Stanley will become more like traditional banks, taking deposits, reshuffling assets [...]

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FEARLESS PREDICTIONS – UT VS RICE

September 20, 2008

Every year, there is a game we all look forward to where the halftime show is more entertaining than the game itself.  That’s right…it’s Rice week!  We always have a “ball” when we play Rice.

Sorry…couldn’t resist.

This week should be a bit of a break before our Bacon Brothers come to town, [...]

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Austin Ranked 4th Best Performing City

September 18, 2008

The Milken Institute/Greenstreet Real Estate Partners Best Performing Cities Index ranks U.S. metropolitan areas by how well they are creating and sustaining jobs and economic growth.  The components include job, wage and salary and technology growth.
The Best Performing Cities ranking depicts those U.S. metropolitan areas that are recording the top economic performance.
The full report can [...]

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WHAT DOES THE FHFA TAKEOVER OF FANNIE AND FREDDIE MEAN TO YOU?

September 14, 2008

I have received numerous phone calls and emails today asking about the Fannie-Freddie takeover and what it means to the everyday borrower.  On September 7 Treasury Secretary Henry Paulson announced that the Federal Housing Finance Agency (FHFA) is taking over Fannie Mae and Freddie Mac.
Succinctly, the FHFA is taking over the operations, and the Fed [...]

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Flood Risk Is the Number One Natural Disaster: Can It Happen to You?

September 13, 2008

Regular homeowner’s insurance doesn’t cover damage due to flooding which is a travesty because flooding is the number one natural disaster in the United States.
While not everyone lives in a flood plain, everyone lives in a flood zone and any property in the United States is susceptible to flooding. It’s just a matter of level [...]

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FRIDAY’S FEARLESS PREDICTIONS

September 12, 2008

Well, given the unexpected bye week, let’s start off by rehashing last week in a little more detail.
How last week’s PREDICTIONS fared:
Colt will have 200+ yds passing and 75+ yds rushing…dang it!
* 282 yds passing only 8 yds rushing…yes!
Colt will connect with Quan or Malcolm Williams on a 40+ yard pass
* Quan: 39 yd TD [...]

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Time to Start Thinking About Shelter?

September 10, 2008

Like the headline? Does it make your heart race and then you become worried and intrigued enough to read more? Regarding “News articles” these days -If you can’t beat ‘em, join ‘em! I can write scary headlines too!
Our local media outlets are guilty of scare tactics to get their viewer numbers up, and the most [...]

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What rescue means for mortgage rates

September 9, 2008

Bailout of mortgage giants should result in lower mortgage costs and make credit more available. But lending standards will stay tight and risky borrowers will still pay extra fees.

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By Tami Luhby, CNNMoney.com senior writer
Last Updated: September 8, 2008: 9:22 AM EDT

NEW YORK (CNNMoney.com)
Sunday’s federal takeover of Fannie Mae and Freddie Mac will likely translate into [...]

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