| Corrections, clarifications
A Friday Tulsa World Sports story incorrectly referred to Eddie Sutton's time at Central High School in Tulsa. Sutton was a basketball coach at Central.
A Friday Dow Jones Newswires Business story about the sale of Clear Channel Communications Inc. erroneously reported that the Federal Communications Commission approved the $19.5 billion deal without conditions. According to the FCC order, Clear Channel must transfer control of 48 radio stations to a divestiture trust so that the new owners will comply with FCC ownership limits.
A Wednesday Tulsa World Southside, Westside and Broken Arrow Community World story about two students earning perfect scores on their ACT college entrance exams incorrectly reported the name of the Girl Scouts of the United States of America, in which one of the students participates.
Goodbye to all that: the worst is over for the global credit crunch
Global stock markets have suffered their worst early-January trading since records began in the 1920s. Conventional wisdom is again overwhelmingly gloomy - about the global economy, the asset markets and even the sustainability of the global financial and trading systems. However, conditions are not nearly as bad as the headlines and market pundits suggest. In Britain, there seems to be almost no chance of economic and financial disasters comparable to those suffered from 1990 to 1992. In the 17 years that I have been writing these Economic Views, I have devoted my first article in January to challenging, where appropriate, the conventional wisdom about the world economy in the year ahead. Here, then, are five ways in which I think conventional wisdom seems worth challenging in 2008: 1.
Ailing market a healthy opportunity
On the next market surge, you'll realize a greater gain than if you'd stood pat. It goes without saying but I'll say it anyway. Selling off quality in a down market is not smart.It's foolish to think that by realizing your paper losses, you can benefit in the long run. Investing is a long-term process. It requires the setting of goals and the allocation of assets using historical perspective on how they perform in up and down markets over a long period of time. Having that in place goes a long way toward being able to avoid being spooked by market turbulence. Knowing that it will surely happen, expecting it to happen makes it far less unsettling. No one says it's easy, just that it works.
Previous story: China's power shortage stokes Canadian coal producers
Next story: Quick Money Sunflashes
.
How to be a first-time buyer
They are joining forces today with Relate, in Exeter, to hold their first workshop and explain to people the need for a legal agreement or Declaration of Trust to be put in place to provide a framework for when things go wrong. "We see all sorts of people, often students whose parents supply the deposits. They buy a house together because it is cheaper than renting at university," says Tamara Richardson at Foot Anstey. "It is almost as if buying a property together is what you do now instead of getting married. It is about taking on a mortgage and maintaining a property without any of the bells and whistles and fun element of marriage. "An agreement can allow one partner to put in more money than the other, one to take the mortgage and the other to work doing it up," she says.
Deal reached to sell 2nd PFM building
The U.S. Bankruptcy Court trustee who has already sold Personal Financial Management Inc.'s headquarters building now has an agreement of sale for its second building, court documents show.This one, at 1270 Shelbourne Road in Exeter Township, would be sold to James V. Cotellessa for $190,000.Cotellessa was not further identified so could not be reached for comment.Trustee Lynn E. Feldman two months ago sold the company's headquarters building at 4700 Perkiomen Ave. for $690,000.The sale agreement said the buyer was the “Bean Funeral Homes or its assigns," meaning an as-yet unidentified entity it designates. Owner Kevin Bean has said the funeral home chain is not the buyer. .
|
