Month May 2010

Gulf oil leak. Obama’s Katrina

Over the last month, it’s become increasingly clear that there is a coordinated information operations campaign in place to downplay the impact of the Gulf of Mexico oil spill. The US government and British Petroleum have imposed a scientific and…

Home delinquency rate. One in 7 homeowners

The reason for the foreclosures is mainly due to extended unemployment rather than onerous subprime mortgages. Many of the defaults are with prime fixed-rate mortgages by people with good credit. Some of them may well be underwater on the home…