Archive for August, 2008

Gustav to test lessons of Katrina

As officials ordered the evacuation of New Orleans, the oil industry shut down rigs and pulled back personnel as Hurricane Gustav bore down on the Gulf coast on Sunday.

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Gustav: What’s at stake

The Gulf of Mexico is home to 4,000 drilling platforms and 33,000 miles of pipeline, which send 1.3 million barrels a day to the Gulf Coast’s 56 refineries. But a hurricane threatens to deal a powerful blow to the oil-rich region.

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Homebuyers squeeze desperate sellers

A rock-bottom price just isn’t enough for buyers these days - it’s a starting point. If the furnace is out of date, they’ll demand a new one. Cracked driveways have to be repaved, and dirty carpeting torn out and replaced. All at the seller’s expense.

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America’s Most Affordable Places to Retire

Factors like the cost of living, jobs and access to health services make these cities tops for those in their second acts.

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Oil rises as Gustav nears Gulf

Oil prices rose Wednesday as Tropical Storm Gustav entered the Gulf of Mexico and threatened U.S. oil facilities.

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Where Home Prices Are Likely To Rise

Recovery might be two or three years off, but in these 10 cities, homeowners can expect long-term appreciation.

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How the economy’s affecting you

The statistics are grim: Inflation is at a 17-year high. Unemployment is rising. Foreclosures are spreading.

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Paulson’s Fannie-Freddie fix

The market is betting Henry Paulson is about to put on his black hat again. But the Treasury secretary may not be so easily typecast in the saga of the government-sponsored mortgage finance companies.

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These homes for sale suck

Mold, maggots and piles of festering trash - no wonder home prices are in freefall.

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America’s Most Distressed Housing Markets

In these 10 cities, homeowners are taking losses on properties and selling within a year.

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