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Baby Rattles Used to Keep Evil Spirits Away  What better gift for a new baby than a baby rattle? Babies have played with rattles since ancient times. At first the toys were meant for adults, who rattled them


Apprenticeships go over 8000 under Labour  More than 8000 trainees are now in Modern Apprenticeships, demonstrating the solid progress the Labour-led government has been making towards addressing skill shortages, Education Minister Trevor Mallard said ...read more...


Personal Debts and US Capitalism  There is no precedent in US - or any other - history for the level of personal debt now carried by the American people.read more...


Opus, Wells Fargo Unveil...  Northpointe Development SAN BERNARDINO, CA-Wells Fargo Home Mortgage will occupy 230,000 sf of a 284,000-sf build-to-suit office project called Northpointe that the Irvine office of Opus West Corp.read more...


Bids for project expected  The Luzerne Township Sewage Authority heard Monday that bids for their phase II sewerage project, covering areas of Penn Craft, Allison, Tower Hill, Thompson and Merrittstown, will be received on


Buying, selling creates dilemma in tough real estate market  The slowing real estate market is creating a dilemma for people who want to buy houses at discounted prices but are having trouble selling their own homes.Commentread more...

July 14th, 2005

A Hands-Off Policy on Mortgage Loans (New York Times)

WASHINGTON, July 14 – For two months now, federal banking regulators have signaled their discomfort about the explosive rise in risky mortgage loans. First they issued new “guidance” to banks about home-equity loans, warning against letting homeowners borrow too much against their houses.

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