FDIC unloading local property as agency seeks to recover losses

The site of a failed hotel project in Clayton. Empty houses in St. Charles. And hundreds of acres of undeveloped lots throughout the St. Louis area. All placed on the market by a very eager seller — Uncle Sam. They're part of the thousands of properties nationwide amassed by the Federal Deposit Insurance Corp. The federal agency was stuck with these unrealized and broken dreams after the closure Read more [...]

China’s CITIC Securities plans HK share sale

(AFP) – 5 hours ago  HONG KONG — Citic Securities, China's biggest listed brokerage, is planning to raise about US$1.5 billion in a Hong Kong share sale with a flotation of its shares as early as September, a report said Wednesday.The firm will seek approval later this month for a listing in the southern Chinese city, Dow Jones Newswires reported, citing unnamed sources.The Financial Times said the brokerage, which is already listed in Shanghai, planned to raise as much as $2 billion in Read more [...]

Boy listed in fair condition after fatal wreck involving police cruiser

slideshow slideshow Update: A 12-year-old boy hurt Monday in a deadly wreck involving a Floyd County police officer was listed in fair condition Tuesday at Scottish Rite hospital in Atlanta, hospital officials said.The Georgia State Patrol, meanwhile, is investigating the wreck, which is standard procedure whenever a public safety vehicle is involved in a wreck, Read more [...]

Herrick cobblestone house, piece of Rockford history, for sale

ROCKFORD — The Coronado Performing Arts Center, Tinker Swiss Cottage and the Elijah Herrick House are each listed on the local, state and national registers of historic places, but only one of them is for sale. The circa 1840s Herrick cobblestone house at 2127 Broadway is on the market with an asking price of $146,900. The modest but well-manicured two-story farmhouse has long been regarded as the oldest in the city, a title perpetuated over the years mainly by this newspaper after an 1842 Read more [...]

NZ’s first converted electric car on sale

JENNY KEOWN As motorists face high petrol costs a Christchurch-based start-up thinks it's timely to launch the country's first converted electric car business. Mike Evans, based in Rolleston, is the director of Voltmotive that sells electrically converted cars and converts people's petrol cars. Voltmotive has listed its first converted electric car for sale on online classifieds site Trade Me which has generated huge Read more [...]

County sighting listed in UFO archive

County sighting listed in UFO archive 7:00pm Tuesday 16th August 2011 Print Email Comments(1) IS IT a smudge? Is it a fly walking across a lens? No, it’s allegedly conclusive evidence of alien life. The image is just one of the pictures of UFOs released last week by the National Archives from their extensive alien files. The close encounter took place Read more [...]

Obama: I Reversed Recession Until ‘Bad Luck’ Hit

By Byron York, Washington ExaminerAt a town hall meeting on his campaign-style tour of the Midwest, President Obama claimed that his economic program "reversed the recession" until recovery was frustrated by events overseas.  And then, Obama said, with the economy in an increasingly precarious position, the recovery suffered another blow when Republicans pressed the White House for federal spending cuts in exchange for an increase in the national debt limit, resulting in a deal Obama Read more [...]

How to Buy a Short Sale

Are you considering buying a short sale? More and more homes listed for sale these days are short sales and buying one can save you 20 percent or more. However, there are some major differences about short sales that you should know before you make an offer. Short sales are way for homeowners who are in financial trouble to get out of their mortgage obligations and get on with their lives. They lose their homes and they suffer nearly as much damage to their credit as if Read more [...]