| A subprime swing: Politicians seek answers to the US housing crisis
When Sister Barbara Busch began a community outreach programme in 1978 that taught financial literacy, it was aimed at helping families and increasing home ownership among residents in her working-class Cincinnati community. Now, the nun says, that work has been transformed into home "preservation" - the difficult task of trying to keep people in their homes following a sharp spike in foreclosures in the suburbs of the Ohio city. "We can easily see 40 new families a week [seeking help]," Sister Busch says. Today she is playing host to a public hearing devoted to another symptom of the hard economic times plaguing citizens here: "payday lending". The predatory cash loans, which are generally marketed as short-term advances on borrowers' pay cheques, are not unlike subprime loans. Lenders charge exorbitant fees for the funds, which, Sister Busch says, are being used to pay for everything from mortgage bills to medical costs.
Sale of two legal items lands stores in trouble
The County Commission passed the controversial rules in October 2006 as part of a countywide crackdown on illegal drugs. Police say the pens become glass pipes and the copper pads become a screen to hold crack rocks. Other products sold at the ticketed stores were small plastic bags and scales, said Lt. Lisa McKinney, who led the operation. McKinney said that the products are offered for drug use, and that stores have had fair warning. McKinney said the county sent out letters that warned of the changes to local retailers, including those targeted in Wednesday's sting, the first enforcement of the ordinance. McKinney wouldn't detail how officers approached clerks because it would reveal police procedure and aid retailers in violation, she said. Tickets were issued to Mosabber of St.
Archive for: January, 2008
Between the Lines Latest Post | Last 10 Posts | Archives The case of the missing iPhones Posted in: General Personal Technology Wired & Wireless Apple iPhone Steve Jobs at Macworld noted that Apple had sold 4 million iPhones through mid January and 3.7 million at the end of December. But AT&T has activated about 2 million of those. Theories abound about where those missing iPhones may be stashed. Pondering the case of the missing iPhones has been a hot topic every since Apple reported its financial results. In fact, it's almost become a sport. Here's a look at some the two primary theories being floated about iPhone inventory and my take. Theory 1: Uh oh. Apple has a demand problem (and a fat channel).
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