Wednesday, April 24, 2013

Wall Street betting billions on single-family homes in distressed markets - The Washington Post

Wall Street betting billions on single-family homes in distressed markets - The Washington Post
“There is the possibility that Wall Street and the banks and the affluent 1 percent stand to gain the most from this,” said Jack McCabe, a real estate consultant based in Deerfield Beach, Fla. “Meanwhile, lower-income Americans will lose their opportunity for the American Dream of building wealth through owning a home.”

Tuesday, April 23, 2013

The wealthy keep getting wealthier - Business Insider

The wealthy keep getting wealthier - Business Insider
"The wealthiest 7% (households earning $840,000 or more), on the other hand, had more money to invest in the stock market, which has rebounded at a faster rate. Between 2009 and 2011, the S&P 500 soared by 34% while the S&P/Case-Shiller home price index dropped by 5%."

Monday, April 22, 2013

Hewlett-Packard and Its Obstinate Director - NYTimes.com

Hewlett-Packard and Its Obstinate Director - NYTimes.com
"Boards “are like the Hotel California,” Mr. Patterson said. “Directors check in but they never check out. It’s so hard to mount and win a campaign, and even then, they stay. Shareholders need to mobilize for a second round."