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Growth funds withstand market volatility, outpace value funds in 2007  "There were definitely bright spots out there and if you were a diversified investor you did take part in that success" Funds dedicated to growth companies had surprisingly solid


Single-family construction lags here, too  "We kind of shied away from single families." Single-family homes are being built in Massillon at almost a third of the pace they were in 2006, in step with


U.S. mortgage applications rise 1.5% in latest week (Market Watch)  WASHINGTON (MarketWatch) -- Applications for mortgage loans at major U.S. banks increased a seasonally adjusted 1.5% last week compared with the week before, the Mortgage Bankers Association reported Wednesday.


Court rules against Orange County masonry contractor  The Attorney General's Office has obtained a court order shutting down a Middletown masonry contactor who was accused of abandoning projects and shoddy workmanship.read more...


State may sell toll roads to offset need for gas tax rise (Reg Req'd)  Acting Gov. Richard Codey is considering the possibility of selling or leasing the state's toll roads to raise money to solve New Jersey's transportation funding crisis, said his spokeswoman, Kelley


Other ways to deal with inflation  Business NZ has written to the Minister of Finance suggesting alternatives to higher interest rates.read more...

March 20th, 2008

Mortgage crisis hits cultural institutions (Los Angeles Times)

Soaring costs of bonds lead to big losses at the Getty, Los Angeles County Museum of Art, the Orange County Performing Artscenter, Natural History Museum of Los Angeles County and the Colburn School. Some of Southern California’s major cultural institutions are bleeding because of the sub-prime mortgage crisis, with combined losses of more than $3 million—and mounting—since February, ...

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