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economy: The President is proposing a reduction in the mortgage interest deduction - 02/14/11 05:43 PM
While the title of the the article rhymes, the proposal is far from entertaining
On page 1 of the Fiscal Year 2012 Budget of the U.S. Government you can begin to read The Budget Message of the President. In the preamble he discusses the recession and the fact that due to fiscal realities we face hard choices.
On page 4 the President proposes a 30% cut in itemized deductions for high-income taxpayers to use to pay for a fix to the Alternative Minimum Tax. What this means is that the mortgage interest deduction is being targeted again in the … (0 comments)
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economy: Hallmark Abstract Service is looking for a few good people! - 02/11/11 11:22 AM
Hallmark Abstract Service is looking for salespeople to help us expand our businessWhile there is no question that the economy is extremely challenging right now, Hallmark Abstract Service is extremely fortunate that the growth of our title business has put us in the position to bring on new salespeople.If anyone reading this has an interest in finding out more about the firm and the opportunity, or if you know someone who you think may be, please let us know.The Opportunity
Hallmark Abstract Service of Jericho, NY is looking to add two experienced title salespeople to help us grow our business … (0 comments)
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economy: The Political and Financial Markets Commentator: Where Have You Been? - 01/08/09 06:57 PM
The Political and Financial Markets Commentator
If you don't get your daily free feed or email delivery of The Political and Financial Markets Commentator at http://politicsandfinance.blogspot.com, these are some of the stories that you have already missed in 2009:
Maureen Dowd Likes Caroline Kennedy: Really? Just When You Thought Your Opinion Of Congress Cou... Roland Burris Denied His Rightful Seat In The Sena... I Want To Be A Senator Too! Where Do I Sign? World Crisis Management Once Again Falls To The Un... Israel: In A No Win Situation In The Court Of Publ... A Financial Look Back At The Year … (2 comments)
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economy: 10 Outrageous Claims For 2009 - 12/19/08 05:58 AM
From The Political and Financial Markets Commentator. Go to http://politicsandfinance.blogspot.com to sign-up for free email or feed delivery of new blogs
Friday, December 19, 2008
"10 Outrageous Claims For 2009"
Friday SnippetsA New SEC Chief Named- Barack Obama names Mary Schapiro as new SEC head. She has strong experience at a time when the SEC has shown itself to be an ineffectual and anemic institution. Is she a good choice? Change and tough new leadership is what is needed, and maybe someone that has no axe to grind in the bureaucracy is a good choice.Pawn Shop Bernie - Anecdotal … (0 comments)
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economy: Crude Prices, House Arrest and SEC Ineptitude - 12/18/08 06:18 AM
Thursday, December 18, 2008
Crude Prices, House Arrest and SEC Ineptitude Quick question: Why is Bernie Madoff, apparently one of the biggest crooks of all time, doing house arrest with an ankle bracelet in his $7 million house when he couldn't make bail?In a related story SEC Chairman Cox had this to say: the agency has found "no evidence of wrongdoing by any SEC personnel" in connection with Madoff's alleged $50 billion Ponzi scheme and that the SEC intends to get to the bottom of where it may have gone wrong. Is this guy kidding me? While he is at it … (2 comments)
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economy: Neel Kashkari Hammered On The Hill - 11/17/08 05:56 AM
Neel Kashkari Hammered On The Hill
Neel Kashkari, www.unhostels.orgOriginally uploaded by neelkashkari Neel Kashkari Pays Paulson's Price
Serving as a proxy for Henry Paulson, Treasury Secretary, Neel Kashkari, whose title is interim assistant secretary of Treasury for financial stability faced the House Oversight and Government Reform Committee's domestic policy subcommittee on Friday.
He was there to explain the shift in policy away from purchasing toxic assets from financial institutions, to actually injecting money into those institutions while the assets remain. Further, there is some vague talk from Paulson about direct help to consumers, aka the people on Main Street.
Many … (0 comments)
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economy: The TARP Vs. Other Government Spending Programs In History - 11/17/08 05:37 AM
The TARP Vs. Other Government Spending Programs
How Does The Current Size Of The TARP Compare With Other Government Projects Over Time?Through out the history of our Republic, the government has undertaken many large projects, programs and actions for the good of the people. In today's dollars, how do they compare in size with the TARP? In adjusted dollars, only two are more costly. The Hoover Dam: 1930-1935 Cost: $45 MM Todays Dollars : $782 MM The Panama Canal: 1904-1914 Cost: $375 MM Todays Dollars: $7.9 B Gulf War 1: 1990-1991 Cost: $ 61 B Todays Dollars: $ 98 B … (2 comments)
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economy: Name Your Favorite Wall Street Cliche - 11/03/08 06:08 AM
At The Political and Financial Market Commentator, http://politicsandfinance.blogspot.com Name Your Favorite Wall Street Cliche What Is Your Favorite Cliche (even a broken clock is right twice a day)?Even a stopped clock gives the right time twice a dayOriginally uploaded by crouchingbadger
As a constant listener to business radio and watcher of business TV, I am consistently being given advice by so-called experts that is usually something that could be generated by my 12 year old.
Stock Market SayingsWhen we are in the deepest throes of a downside crisis, and the markets are in maximum turmoil, I hear very few if any … (0 comments)
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economy: Presidential Poll: Vote Now!!! - 10/31/08 08:01 AM
Vote now at The Political and Financial Markets Commentator at http://politicsandfinance.blogspot.com
Presidential Poll: Vote Here Now!!! Cast Your Vote Now
I am conducting this poll through Monday afternoon in order to get a feel for how the ordinary American as well as the exceptional American that reads this blog feels about the candidates going into Tuesday's critical election.
… (2 comments)
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economy: Some Quick Economic Statistics To Use At Cocktail Parties - 10/31/08 06:04 AM
From The Political and Financial Markets Commentary at http://politicsandfinance.blogspot.com Some Quick Economic Statistics To Use At Cocktail Parties Just Days Before The Election, What's Going On?In about 5 days we are going to know who our new president is, and have a better idea of the direction that our fiscal policy is going to head in. Higher taxes, lower taxes, higher taxes for the rich (if earning above $250 K is considered rich), more drilling, less drilling, more green, less green, more government, less government, etc.How the markets will react to the eventual winner will start to be apparent on Wednesday … (0 comments)
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economy: Headline: Federal Reserve Cuts Rates 50 basis points and more - 10/30/08 05:42 AM
Read the entire story at The Political and Financial Markets Commentator at http://politicsandfinance.blogspot.com
Thursday, October 30, 2008
Headline: Federal Reserve Cuts Rates 50 basis points and more
The Two Day Fed Meeting Ends With A Cut Of 50bp.The Fed lowered its' overnight lending rate to 1.00% and the discount rate to 1.25%. Along with this was the statement that downside risk to the economy remains that would seem to leave open the window for further rate cuts. We are chasing Japan which is rumored to be lowering its' key rate to .25%.This move is somewhat symbolic in nature since actual … (0 comments)
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economy: Mortgage Modifications: What Are They? - 10/24/08 07:45 AM
Friday, October 24, 2008
Mortgage Modifications: What Are They? Watching Stock Market FuturesI had been asked to write a piece on mortgage modifications that I was not going to post on my blog, but watching what could be a Black Friday in the markets has inspired me to submit it.If You Are Late On Your Mortgage Payments Or About To Face A Foreclosure Action: You Do Have Options!Do Not Just Assume That Your Lender Holds The Upper HandMortgage Loan Modifications:
Why It Is Critical To Use An Experienced Professional
What Happens To Your Home When You Can No Longer Afford Your … (1 comments)
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economy: Get My Blog Delivered To Your In-Box - 10/22/08 07:32 AM
Blog Feeds On Active Rain
I received an ActiveRain email that included a post by Jason Crouch, Broker - Austin Texas Real Estate, that took me to the instructions on adding an email subscribe box to my outside blog within my ActiveRain blog. Thanks Jason.
I would like to take this opportunity to invite anyone that reads my outside blog on ActiveRain, or who maybe has not to take a look, and if you like what you read to use the box on the right side of the page to sign-up for emails of my blog sent right to you.
I have … (2 comments)
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economy: And The Scapegoats Are? - 10/21/08 07:49 PM
And The Scapegoats Are? Today's Market ActionBefore we get into the discussion of who is going to be the fall guy(s) and gal(s) for the debacle that we now refer to as the Financial Crisis of 2008, let's take a quick look at the continued improvement in the indicators of credit market liquidity.The Ted SpreadThe LIBOR rate continues to show improvement by dropping to the lowest level we have seen in weeks at 3.8%. The 3-month bill is at a level of approximately 1.06%, bringing the spread to the neighborhood of 2.7%, still extremely wide but well below the close to … (4 comments)
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economy: Stocks, Credit Markets and the Man - 10/13/08 01:33 PM
Monday, October 13, 2008
Stocks, Credit Markets and the Man
Who Is The Man?I am watching and listening, trying to figure it out. Watching the markets and the news flow. Listening to the politicians, government spokespeople and the talking heads of business news. If I can figure this puzzle out, it will tell me where we are going. Then I will tell you.LIBORWatching LIBOR, the indicator of banks willingness to lend to each other, I see a 7 bp move down to approximately 4.75. This is the largest move down in many months, but I would have hoped for a little … (2 comments)
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Michael Haltman
Jericho,
NY
More about me…
Hallmark Abstract Service LLC
Address: 131 Jericho Turnpike, Suite 205, Jericho, NY, 11753
Office Phone: (516) 741-4723
Email Me
The Hallmark Abstract Sentinel is written for the purpose of keeping our clients and subscribers current on any issues that may have the potential to impact the real estate, mortgage or title insurance markets.
Examples of these issues include the current foreclosure crisis and the potential that foreclosures already completed could be overturned due to a variety of legal issues.
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