Current Definition–adjective | 1. | passing in time; belonging to the time actually passing: the current month. |
| 2. | prevalent; customary: the current practice. |
| 3. | popular; in vogue: current fashions. |
| 4. | new; present; most recent: the current issue of a publication. |
| 5. | publicly reported or known: a rumor that is current. |
| 6. | passing from one to another; circulating, as a coin. |
| 7. | Archaic. running; flowing. |
| 8. | Obsolete. genuine; authentic. |
–noun | 9. | a flowing; flow, as of a river. |
| 10. | something that flows, as a stream. |
| 11. | a large portion of air, large body of water, etc., moving in a certain direction. |
| 12. | the speed at which such flow moves; velocity of flow. |
| 14. | a course, as of time or events; the main course; the general tendency. |
| From Dictionary
Mortgage Definition–noun | 1. | a conveyance of an interest in property as security for the repayment of money borrowed. |
| 2. | the deed by which such a transaction is effected. |
| 3. | the rights conferred by it, or the state of the property conveyed. |
–verb (used with object) | 4. | Law. to convey or place (real property) under a mortgage. |
| 5. | to place under advance obligation; pledge: to mortgage one's life to the defense of democracy. |
| From Dictionary
Rate Definition–noun | 1. | the amount of a charge or payment with reference to some basis of calculation: a high rate of interest on loans. |
| 2. | a certain quantity or amount of one thing considered in relation to a unit of another thing and used as a standard or measure: at the rate of 60 miles an hour. |
| 3. | a fixed charge per unit of quantity: a rate of 10 cents a pound. |
| 4. | price; cost: to cut rates on all home furnishings. |
| 5. | degree of speed, progress, etc.: to work at a rapid rate. |
| 6. | degree or comparative extent of action or procedure: the rate of increase in work output. |
| 7. | relative condition or quality; grade, class, or sort. |
| 8. | assigned position in any of a series of graded classes; rating. |
| 9. | Insurance. the premium charge per unit of insurance. |
| 10. | a charge by a common carrier for transportation, sometimes including certain services involved in rendering such transportation. |
| 11. | a wage paid on a specified time basis: a salary figured on an hourly rate. |
| 12. | a charge or price established in accordance with a scale or standard: hotel rates based on length of stay. |
| 13. | Horology. the relative adherence of a timepiece to perfect timekeeping, measured in terms of the amount of time gained or lost within a certain period. |
| 14. | Usually, rates. British. | a. | a tax on property for some local purpose. |
| b. | any tax assessed and paid to a local government, as any city tax or district tax. |
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–verb (used with object) | 15. | to estimate the value or worth of; appraise: to rate a student's class performance. |
| 16. | to esteem, consider, or account: He was rated one of the best writers around. |
| 17. | to fix at a certain rate, as of charge or payment. |
| 18. | to value for purposes of taxation or the like. |
| 19. | to make subject to the payment of a certain rate or tax. |
| 20. | to place in a certain rank, class, etc., as a ship or a sailor; give a specific rating to. |
| 21. | to be considered or treated as worthy of; merit: an event that doesn't even rate a mention in most histories of the period. |
| 22. | to arrange for the conveyance of (goods) at a certain rate. |
–verb (used without object) | 23. | to have value, standing, etc.: a performance that didn't rate very high in the competition. |
| 24. | to have position in a certain class. |
| 25. | to rank very high in estimation: The new teacher really rates with our class. |
—Idiom| 26. | at any rate, | a. | in any event; in any case. |
| b. | at least: It was a mediocre film, but at any rate there was one outstanding individual performance. |
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| From Dictionary
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Bernanke didn’t use the “S” word - stagflation - but he might as well have. On Friday, the U.S. central bank chief said that the financial crisis that has hammered the U.S. market is combining with rising inflation to eviscerate American economy. Together, the two forces are making it extremely difficult for the Fed to restore economic stability in the U.S. market. Bernanke apparently welcomed the recent drop-off in the prices of oil and other key commoditTHE NEXT BAILOUT: DETROIT Earlier this month, the Detroit Free Press reported that the top dogs at Ford, GM and Chrysler had a meeting of the minds and decided that the way out of their current losing streak would be to ask the feds for a lifeline. They figure they'll need $40 billion or so to ride out their current troubles until they reach the promised land of hybrids, the Chevy Volt, and, who knows, maybe even profits, says the Wall Street Journal.The plan is for the government to lend some $25 billion to automakers How to Recession-Proof Your Portfolio As the global economy probably slips into an economic recession over the next several months, investors will yield some fat profits riding currently unloved and unwanted securities. The last time the global economy suffered the tribulations of a major economic recession was back in 1990. That contraction of output was triggered by the last U.S. real estate “bubble” (a.k.a. Savings & Loans Crisis) and later in September 1992 by the demise of the European Exchange Rate Mechanism (ERM) or the euRoberts on the Price of Everything Russ Roberts, host of EconTalk and author of the economics novel, The Price of Everything, talks with guest host Arnold Kling about the ideas in The Price of Everything: price gouging, the role of prices in the aftermath of natural disaster, spontaneous order, and the hidden harmony of the economic cosmos. Along the way, Roberts talks about novels vs. textbooks and other traditional treatments of economic reasoning. Play Time: 1:03:47 How do I listen to a podcast? Download Size: 29IN REMEMBRANCE: 8-24-2008 Jump to Comments REP. STEPHANIE TUBBS JONES, LAWMAKER By DENNIS HEVESI Published: August 20, 2008 Stephanie Tubbs Jones, the first African-American woman elected to the House of Representatives from Ohio and a leader in the fight against predatory lending practices, died Wednesday. She was 58. Mark Wilson/Getty Images Representative Stephanie Tubbs Jones of Ohio in 2005. Related The Caucus: Ohio Congresswoman Dies (August 20, 2008) The cause was a ruptured brain aneurAre You Throwing Money Away by Owning Your Home? We all know that the three essentials for living are food, clothing, and shelter. We definitely rent our food. Do we rent or own our clothing? Hmmm. Part of the American dream is to own your own home. And there are good reasons to do so. For instance, a Federal Reserve study[pdf] shows that the average family that owns a home has a net worth of nearly $625,000 while families who rent have a net worth of just a little over $54,000. —— —— Homeowners on the move We’ve seen an interesting stGold $2000 Thanks to Fannie and Freddie By John Galt August 25, 2008 Here you go again! It does not take this author, blogger, semi-sane writer and all around nice guy (cough) much to imagine just what people are thinking when they read the title of this editorial. 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MORTGAGE rates are typically driven by the financial market’s outlook for long-term interest rates, but not always. Policy changes at Fannie Mae and Freddie Mac, the two government-sponsored companies that buy most mortgages issued by United States lenders, recently helped drive that point home. This month, Fannie and Freddie increased the fees they charge lenders for The 100 year event - One player’s knock on is another player’s try. Many of you will have read the newspapers recently and seen that I have spoken of the potential for a one in a 100 year event as far as our housing markets are concerned. The cause of my comment is presented in the table below. However before moving to that, let me make some general observations. My heading to this newsletter in a way sums it all up. For you and I to win, someone has to lose, it is like a game of football. My job is to keep you with me on the winning sidWeekly Diary: Australian Capex, US GDP. The June 30 corporate reporting season peaks this week with some good results but also slashes of red ink. Economically, interest rate discussion will also occupy headlines with the crucial Reserve Bank meeting just over a week away on September 2. We also see more signs of the way June quarter economic growth went with construction figures for the quarter and the highly important new capital spending figures. The June quarter new private capital figures will probably show a softening in S&P 500 Index Total Return Was Actually Negative What a difference a decade can make! Over the last 10 years of the 20th century, anyone buying and holding US stocks made a total return approaching 18% per year. Their initial stake, as a 2002 research paper noted, increased five times over. Now that's real money! But roll forward ten years, and the total return on the S&P 500 was actually negative for the decade ending on 30th June 2008. Yes, you read that right. For the 10 years to last Monday, the S&P index delivered less than zeWeek in Review #34 (2008-08-24) Without appropriate checks and balances over the credit system, one’s assets are always in danger. In normal times, we can deal with that. But these are not normal times; we the people have been deceived by persons and organizations we have always trusted—our bankers. Nothing like this has ever happened before, and now the people are ready to revolt. The market senses it. Is this not a lesson to hard-working Americans that bankers need to revert to being bankers, wealth managers to being wealtTHE WORLD today! ——————————————————————————— 1. US-Presidential Election 2008 Barack Obama, winning more than 2206 delegates (including 441 superdelegates) has succeeded to clinch the Democratic Presidential nomination and is becoming the first Afro-American to be a major party’s candidate, while Clinton signaled that she may be willing to become Obama’s Vice Presidential nominee if it helps Democratic Party to win the White House. Clinton, the most successful female Presidential candidate in US history, endIn the Central Valley, the Ruins of the Housing Bust MERCED, California - August 23 2008 - ELLIE WOOTEN, the likable mayor of this likable Central Valley city, is on her way to the office when her cellphone rings. A constituent wants her mortgage payments reduced, and is hoping that the mayor has some clout with her lender. Although Merced has one of the highest foreclosure rates in the country, this borrower isn’t in such dire straits. She’s not even behind on her mortgage. But her oldest daughter is turning 18, which means an end to $500 a monWhen the house won’t sell, sell the mortgage Assumable mortgages can help homeowners get out when they owe more than the value Unable to sell her Aurora town home for what she owes on it, Judith Smith is looking for someone to take over her mortgage. “I’m very interested in selling and moving,” Smith said. “But factoring in the Realtor’s commission, I am pretty much out of the ballpark.” Three years ago, Smith said, townhomes like hers sold for $140,000 and up, but a nearby foreclosure is on the market for $99,000. Even if she could seRenegotiate Your Mortgage Terms - Forestalling Foreclosure Is Possible! Posted By : Anthony Pace Renegotiate Your Mortgage Terms - Forestalling Foreclosure Is Possible! Posted By : Anthony Pace Often you can renegotiate your mortgage terms with many lender when financial hardship strikes your family. Lenders will do all they can to keep you in your house making monthly mortgage payments rather than let you foreclose on the property. Why You Should Get Out of an ARM and Transfer to a Fixed Mortgage Posted By : Brian Jenkins Mortgages are your ticket to home ownership. With a mortgage, y |
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