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| To refinance home loan, navigating paperwork and system takes patience
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| It's a mess for borrowers trying to renegotiate the terms of their mortgages right now. That's despite a highly publicized, $75 billion, Obama administration program that pays lenders to modify loans. If you need to get a new deal on your mortgage — as millions of people do — the best thing you can do is to arm yourself with information, about the problems you'll face and what you can do to get around them.
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| @ Ft. Lauderdale Sun Sentinel | Posted: 06/16/09 at 0201 EDST
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| AT&T seeks to cut some 10 million White Pages phone books in Fl
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| On Tuesday, the Florida Public Service Commission is expected to consider AT&T's request to exempt the phone giant from a requirement that it must furnish one copy of the residential listings to each of its roughly 10 million landline subscribers in the state. (In Palm Beach County alone, that's about 1.6 million phone books that AT&T could save. The move is part of a national trend to which many states have already signed on. What's more, key Florida consumer interest groups appear to have lined up behind it.
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| @ Palm Beach Post | Posted: 06/16/09 at 0315 EDST
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| Aviation programs tied to Central Florida among those in sights of Paris Air Show
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| Lockheed Martin said Monday it has landed a foreign-arms deal potentially worth $100 million from Saudi Arabia's Royal Air Force for fighter-jet weapons-targeting systems. Rockwell Collins Inc. - another big aviation industry player in Central Florida ? also sent a business development team to the Paris Air Show. The Cedar Rapids, Iowa-based company said Monday it has met some critical milestones in producing central communications systems for Boeing Co.'s Dreamliner 787 commercial jet.
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| @ Orlando Sentinel | Posted: 06/16/09 at 0320 EDST
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| Senator Nelson slams oil-drilling amendment
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| Bill Nelson on Monday cast an amendment that would allow oil drilling in areas that are home to military training missions as a threat to national security. "If the oil boys have their way, it will sacrifice national security," Nelson said .
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| @ Panama City News Herald | Posted: 06/16/09 at 0330 EDST
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| Lee County builders, investors go on shopping spree
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| Lee County builders, investors go on shopping spree. Realtors say buyers have been snapping up "entitled" residential land this year, enticed by reduced prices. By that they mean land that already has received government permits and approvals. Though the inventory of available homes is still large, a fast pace of foreclosure, short and other sales is making a dent, they say.
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| @ Ft. Myers News Press | Posted: 06/16/09 at 0345 EDST
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| Irish investor blows into Illinois with $1 billion for wind farm projects
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| Three Illinois wind farms within 100 miles of Chicago were acquired Monday by an Irish energy company making its first U.S. investment amid hopes that President Obama's economic stimulus package will bolster the renewable energy business.
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| @ Chicago Tribune | Posted: 06/16/09 at 0400 EDST
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| The Exploding Carbon Tax
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| The costs imposed by the cap and trade system are equivalent to raising a family of four's income tax by 50 percent.
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| @ The Weekly Standard | Posted: 06/16/09 at 0415 EDST
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| The 'Dependence on Foreign Oil' Canard
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As the public's enthusiasm for a major new energy tax wanes, advocates of the administration's "cap and trade" emissions proposal have found a new justification: national security. We should adopt a cap and trade energy tax, they say, because this will reduce our dependence on foreign oil and thus strengthen America's national security. It is unsurprising that national security would be the last refuge of a policy that cannot be sold on its merits. But "energy independence" is a mantra that has been around for decades, with adherents across the political spectrum. Does it really wash as a rationale for cap and trade?
Editor's Comment: This is a good read.
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| @ The Weekly Standard | Posted: 06/16/09 at 0419 EDST
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| Investors Back in Market for British Real Estate
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| Nick Leslau, one of Britain’s wealthiest property entrepreneurs, got out of the market just before it turned down in 2007. Now he and a small but growing number of other investors say they think it is time to start buying again. Mr. Leslau set up the Max Property Group last month and raised £200 million ($329 million) selling shares in what was Britain’s first initial public offering this year. Interest in the stock was so great that Mr. Leslau cut the investor road show short by a week, but the share sale was still oversubscribed.
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| @ New York Times
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| Yen Strengthens as Stock Declines Boost Demand for Safer
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| The yen rose against higher-yielding currencies and advanced the most in two weeks versus the dollar as stocks declined and the Bank of Japan said the nation’s deepest recession since World War II is easing.
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| @ Bloomberg News | Posted: 06/16/09 at 0652 EDST
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| Two-thirds of job cuts hit poorest in UK
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| An analysis of people signing on for the jobseeker’s allowance in the first four months of this year indicates nearly two-thirds of the 344,000 increase was in areas with above-average levels of deprivation. Even though there are signs of a modest return to growth nationally in both manufacturing and services, parts of these regions may take longer to recover. Unemployment, currently at 2.2m, is likely to continue to rise for several months.
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| @ Financial Times - UK | Posted: 06/16/09 at 0655 EDST
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