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Eye on Austin: Texas tackles lending fiasco

In case you've missed it, this month there have been plenty of reports that in Texas and across the United States foreclosures are soaring, mainly because of the subprime loans that were so popular during the recent real estate boom.

"Risky mortgages were made in nearly every corner of the nation, from small towns in the middle of nowhere to inner cities to affluent suburbs," the Wall Street Journal noted in an Oct. 11 report. "The subprime aftermath is hurting a far broader array of Americans than many realize, cutting across differences in income, race and geography."

State leaders are paying attention and responding.

Last week, Texas Attorney General Greg Abbott proposed a series of foreclosure prevention measures to three of the largest mortgage lending and loan servicing companies doing business in the state: Countrywide Mortgage, Houston-based Litton Loan Servicing and Dallas-based EMC Mortgage.


Hacker Modifying School Grades Equals 20 Years in Prison

We all dreamed of a way to modify our grades when we were in high-school because learning was too boring for us. But when you take attitude and break into your school's computers to do that, you might have a surprise: if you're caught, you might spend your next 20 years in prison. I guess you would prefer to .


Keep your cyber-door closed to criminals

Your computer may be your door to the world of online investing, but it's important to remember that it can also be a criminal's way in to your life, experts say.

There's a scam for every type of financial transaction imaginable, and the Internet's just a channel through which criminals operate easily, says Dean Buzza, an inspector at the Integrated Market Enforcement Teams of the Royal Canadian Mounted Police in Ottawa.

Unfortunately, it's usually only after they have been burned in a fraud scheme that investors contacts the authorities.

"Quite commonly our cases come down as a complaint from an investor after they try to contact people that they bought investments from," says Scott Boyle, assistant manager of investigations of the Ontario Security Commission, the Toronto-based regulator that oversees most investments sold in the province.


Cousin says Cassidy suspect vowed to shoot, not surrender

The fugitive will be photographed, fingerprinted and locked up pending arraignment, when he will face murder charges in connection with what happened Oct. 31. It was during an attempted robbery at a Dunkin' Donuts, police said, that Lewis shot Cassidy, who died the next day.

It's the same protocol his cousin, Hakim Glover, 24, faced earlier this week after allegedly helping Lewis escape.

After Lewis confessed, police said, Glover began planning the escape. Then, he stymied investigators when they showed up at his home in the 3800 block of Franklin Street, where Lewis hid his guns, according to a police arrest report for Hakim Glover.

Lewis told his cousin he would blast his way through more police if he had to and he brandished two handguns, the report said.


IV. The Forensic Evidence

The secrecy under which the Iraqi military and police conducted burials in Iraq means it will be impossible for investigators to locate all the graves. When graves are located, it will be difficult in many instances to determine the identity of the victims because Iraqi military and police abducted people in one part of the country and often transferred them to other areas, sometimes up to hundreds of kilometers away, for interrogation and execution. The passage of time and burial conditions have also caused remains to deteriorate and, in some cases, to disintegrate. This situation is further compounded by the fact that documents belonging to the police and security forces were destroyed during the war and subsequent looting (see above). Some of these documents may have contained valuable information about the circumstances surrounding mass burial sites.


Pre-Independence Euphoria in Kosovo

It means a new identity and a new future for Kosovo," said Agim Kastrati, a 19-year-old law student who marched through Pristina demanding a declaration of statehood early in 2008.

European Union foreign ministers meeting Monday in Brussels, Belgium, said they had "virtual unanimity" on recognizing Kosovo's eventual independence, with Cyprus the sole holdout.

And Kosovo's outgoing prime minister demanded an "immediate and permanent" conclusion to the ethnic Albanian majority's drive for statehood , a quest that led to the 1998-99 war with Serbia and spawned nearly a decade of political and economic limbo under U.N. and NATO administration.

"No more delays. No more deals," said rally organizer Burim Balaj, as about 3,000 demonstrators outside parliament set off firecrackers, waved U.S.


Jean-Marie Eveillard Buys Starbucks Corp., State Street Corp., Texas Instruments Inc., Sells Eagle Hospitality ...

Legendary value investor Jean-Marie Eveillard said "To be a value investor, you have to be willing to suffer pain." This is probably what a lot of value investors are experiencing. Being a lifetime value investor, he still wonders "Why discipline value investing is so difficult." This is his portfolio update for the third quarter.

Jean-Marie Eveillard buys Starbucks Corp., State Street Corp., Texas Instruments Inc., Wells Fargo & Company, EDO Corp., Applebee's International Inc., Lyondell Chemical Company, DIRECTV Group Inc. The, Metal Management Inc., DresserRand Group Inc., Atlas Pipeline Partners L.P., Celanese Corp. Series A, Copart Inc., PRA International, WABCO HOLDINGS, UAL Corp., SLM Corp., Nucor Corp., LULULEMON ATHLETICA INC., Lockheed Martin Corp., The TJX Companies Inc., General Motors Corp., Whirlpool Corp., Companhia de Bebidas das AmricasAMBEV, Tronox Inc., Mercury General Corp., CocaCola FEMSA S.A.B.



 

 

 

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