May 27 Market moving report

WSJ: A 10 a.m. report on existing-home sales is likely to be critical for the markets. Economists are looking for a slight rise in sales, which have hovered in a fairly tight range since November. On Tuesday, data showed that home prices are still falling sharply nationwide.

yahoo.com Sales of existing homes are expected to have risen at an annual rate of 4.66 million units, according to the median forecast of 66 economists polled by Reuters, as low interest rates, low home prices and government stimulus stir buying interest. The report is due at 10 a.m.

MarketWatch: Mortgage applications fell 14.2% last week: MBA

Mortgage applications filed last week fell a seasonally-adjusted 14.2% last week, compared with the week before, as rates on 30-year fixed-rate mortgages ticked up, according to the Mortgage Bankers Association's weekly survey, released on Wednesday.

Applications were up 28.5% for the week ended May 22, compared with the same week in 2008. The MBA survey covers about one-half of all U.S. retail residential mortgage applications.

Bloomberg - U.S. stock-index futures fell after Monsanto Co. forecast earnings that disappointed investors and bank borrowing costs rose for a second day.

Monsanto, the largest maker of seeds, tumbled 4.3 percent after saying 2009 earnings will be at the low point of its previous forecast. KeyCorp and Bank of New York Mellon Corp. slid at least 1 percent as the cost of borrowing in dollars between banks climbed amid concern some financial firms are still struggling with the credit crisis.

Comments

NYC new Congestion Pricing or Fees or Tax depending on which side of the fence you are on <<< Global Warming

Read on PhysOrg.com The most controversial idea in the plan ( NYC Plan 2030 ), from the mayor's Office of Long-term Planning and Sustainability , is a proposal to charge motorists for driving into Manhattan below 86th Street on weekdays from 6 a.m. to 6 p.m. Trucks would be charged $21 a day and cars would be charged $8, on top of the city's already expensive parking. It is similar to a system that London (Congestion Charge) has used since 2003, and officials there say it has significantly reduced congestion. The scheme applauded by environmentalists and alternative transportation groups , but is politically tricky for New York City because it would have to be enacted by the state Legislature , and many lawmakers from outer boroughs and the suburbs may not support it. Read Full speech hear -- Click here

Cool new IM and more -- MEEBO

meebo.com is a website for instant messaging from absolutely anywhere. Whether you’re at home, on campus, at work, or traveling foreign lands, hop over to meebo.com on any computer to access all of your buddies (on AIM, Yahoo!, MSN, Google Talk, ICQ and Jabber) and chat with them, no downloads or installs required, for free! meebo launched in September 2005 and received funding from Sequoia Capital in December 2005 and Draper Fisher Jurvetson in January 2007. Today, our users exchange over 80 million instant messages daily. We (the meebo team) are just a fun bunch of people trying to bring IM to the web! Check out their other products Meebo Me Meebo repeater

Refrigerator engery saving strategy - New York Times

Q. Do refrigerators use more energy when filled with food? A. Not once the food gets cold. Government and commercial experts agree that the cooling section should be kept full, with enough room for some cool air to circulate for even cooling, and that the freezer compartment should be tightly packed, so the frozen foods can keep one another cold. If there is not enough food to fill the freezer, many suggest putting in more ice trays or some containers of water. Frozen food in a fully packed freezer will survive a power failure for quite a while if the door is kept shut. Some extra water containers in the cooling section will also minimize the amount of inrushing warm air that has to be cooled when the door opens and shuts. There are other ways to keep your refrigerator’s condenser from working overtime. It is permissible to let hot food cool somewhat before refrigerating it, as long as the cooling period is not long enough to permit bacterial growth. Never use warm or hot water t...

Space in the city

Search This Blog