Loan rangers

Money | Default rate by subprime mortgage borrowers is the wild card in a strong economy
by Timothy Lamer
Posted 3/10/07, 12:00 am

The past few months have been bitterly cold for the U.S. housing market. The Commerce Department reported that new home construction fell 14.3 percent in January to the lowest level in almost a decade.

That report came on the heels of a survey from the National Association of Realtors that found sales of existing homes had fallen in 40 states during the fourth quarter of 2006. According to the NAR, the median price for existing homes was 2.7 percent lower at the end of last year than at the end of 2005.

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Plundering for fun

Money | The moral problem with gambling has as much to do with winning as with losing
by Timothy Lamer
Posted 2/24/07, 12:00 am

When Charles Barkley was a star player in the NBA, he often said that kids should not look up to athletes as role models. A recent interview Barkley had with ESPN, in which he detailed his "stupid, bad habit" of gambling, proves that the same holds true for ex-athletes. Barkley told ESPN that over the years he has lost about $10 million gambling, including $2.5 million once in a single six-hour period.

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Setting up snares

Money | Surveys suggest that love of riches is gaining in respectability among young Americans
by Timothy Lamer
Posted 2/03/07, 12:00 am

The love of money is as old as money itself, and everyone has felt it. But results from recent surveys show that America may be raising up a generation for whom strong affection for mammon is more socially acceptable.

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