Open Mortgage Does Another Round Of Lay Offs
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2y ago
Former Employees Express Shock On Social Media As Open Mortgage Performs Another Round Of Mass Lay Offs ..read more
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Delray Beach FL Woman Going To Prison For Boiler Room Operation
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2y ago
A Federal Judge Has Sentenced A Delray Beach Woman To 30 Months In Federal Prison For Her Involvement In An International Boiler Room Scam ..read more
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Mortgage Applications Plummet To 22-Year Low
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2y ago
Mortgage Applications Plummet To 22-Year Low As Home Sales Drop 14% From A Year Ago.  ..read more
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Fix-And-Flip Lender Kiavi Lays Off 7% Of It's Employees
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2y ago
The Fix-And-Flip Lender Eliminated 39 Positions To Ensure It Can Survive Through 2023 ..read more
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Sales Of Golden Passports Spike By 337% As People Flee USA
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2y ago
Sales Of Passports-By-Investment AKA Golden Passports Spike By 337% As People Flee To Places Like New Zealand And Portugal ..read more
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The End of the Millennial Lifestyle Subsidy
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2y ago
``These start-ups weren't nonprofits, charities, or state-run socialist enterprises. Eventually, they had to do a capitalism and turn a profit. But for years, it made a strange kind of sense for them to not be profitable. With interest rates near zero, many investors were eager to put their money into long-shot bets. If they could get in on the ground floor of the next Amazon, it would be the one-in-a-million bet that covered every other loss. So they encouraged start-up founders to expand aggressively, even if that meant losing a ton of money on new consumers to grow their total user base ..read more
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We're Living Through the Greatest Transfer of Wealth From the Middle Class to the Elites in History | Opinion
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2y ago
Meanwhile, [[during the pandemic,] the Federal Reserve was pumping trillions of dollars into the markets, helping to inflate stock valuations. Hundreds of thousands of small businesses were murdered in just a few short months--by government edict--while seven tech companies gained $3.4 trillion in market value. If you were able to access capital--which is code for already being big or wealthy, even if you weren't in some cases financially sound--it was plentiful and, for debt capital, available at historically low interest rates. 2020 became a record year for IPOs and for other capital-raising ..read more
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Evergrande debt: Collapse could have domino effect on China properties
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2y ago
While the struggling developers are tiny individually, compared to Evergrande, they make up about 10%-15% of the total market on aggregate, Zeng said. She warned that a collapse could result in a "systemic" spillover to other parts of the economy. ... Some economists have warned that the collapse of Evergrande could become China's "Lehman moment" -- a reference to the bankruptcy of Lehman Brothers as a result of the subprime mortgage crisis, which triggered the 2008 global financial crisis. However, Capital Economics senior global economist Simon MacAdam described that narrative as "wide of th ..read more
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Dow futures skid nearly 2% Monday as fear of market contagion from China's Evergrande intensifies
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2y ago
``U.S. stock futures fell sharply on Monday, with those for the Dow Jones Industrial Average tumbling 500 points, as Hong Kong-listed property companies came under fresh pressure. Is this the correction that some strategists have anticipated ..read more
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New York Eviction Ban Forces Veteran Landlord To Sleep In Her Car
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3y ago
New York Eviction Ban Makes Air Force Veteran Landlord Homeless Because Tenants Exploit Pandemic Eviction Ban  ..read more
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