3/18/2009 11:54:00 AM
Fed takes center stage this week
WASHINGTON – March 17, 2009 – The Federal Reserve holds its monthly meeting this week and will make its decision on interest rates Wednesday afternoon. The Fed has already slashed the key rate to a record low, zero to 0.25 points. One possibility ...
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3/18/2009 11:53:00 AM
Commercial property owners focus on preserving value of existing assets
NEW YORK – March 17, 2009 – Battered by the U.S. economic recession, the commercial real estate market is struggling to maintain values across all property types and geographic areas, kicking a growing number of investors into survival mode as ...
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3/18/2009 11:52:00 AM
Drywall from China blamed for problems
HOMESTEAD, Fla. – March 17, 2009 – Real estate agent Felix Martinez thought he'd found his dream house when he bought the 3,500-square-foot beauty in Homestead, Fla., two years ago. Then, he says, his large-screen TV mysteriously failed. Next, ...
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3/16/2009 11:04:00 AM
Economists: Florida will fall another $2.4 billion short
TALLAHASSEE, Fla. – March 16, 2009 – Economic forecasters sliced $2.4 billion from the state's expected tax income for the coming fiscal year, bringing lawmakers closer to a precise number for the budget hole they have to fill even as the new ...
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3/16/2009 11:03:00 AM
Obama to announce help for small businesses
WASHINGTON (AP) – March 16, 2009 – President Barack Obama cracks open the federal treasury Monday to small businesses with plans for billions of dollars in government loans for the struggling sector that employs an estimated 70 percent of American ...
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3/11/2009 11:40:00 AM
CAT Fund looking for backup but Washington may be only help
TALLAHASSEE – March 11, 2009 – With less than three months before another hurricane season, the state of Florida will try to line up financial backing for the battered Florida Hurricane Catastrophe (Cat) Fund. But Gov. Charlie Crist and other state ...
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3/11/2009 11:39:00 AM
Fed prepares for commercial market bailout
WASHINGTON – March 11, 2009 – Real estate experts agree that the best hope for avoiding a commercial real estate crisis similar to the residential one is another bailout from the federal government. Last week, Federal Reserve Chair Ben Bernanke ...
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3/11/2009 11:39:00 AM
HUD produces video messages for the deaf and hard of hearing
WASHINGTON – March 11, 2009 – The U.S. Department of Housing and Urban Development (HUD) announced today that it produced videos for YouTube and Facebook designed to educate deaf and hard-of-hearing consumers about their fair housing rights, housing ...
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3/11/2009 11:38:00 AM
Tips for homeowners who turn into landlords
WASHINGTON – March 11, 2009 – Homeowners who decide to rent out their properties have to stop thinking of themselves as homeowners and instead consider themselves as running a small business, experts say. Thinking like a businessperson means focusing ...
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3/11/2009 11:37:00 AM
Insurance commissioner releases his legislative priorities
TALLAHASSEE, Fla. – March 11, 2009 – Florida Insurance Commissioner Kevin McCarty presented his bosses on Tuesday with his legislative priorities for the 2009 session. McCarty told Gov. Charlie Crist and members of the Cabinet that the top issues ...
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