Road to Depression

Tax bills put pressure on struggling homeowners!

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NEW YORK - August 17, 2009 - Hard times are causing more homeowners to fall behind on their property taxes. But in thousands of cases, they are not responsible to their local governments, but to private companies that charge double-digit interest and thousands of dollars in service fees.

Resort offers $19 "survivor" package!

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SAN DIEGO, Kalifornia - August 17, 2009 - For their one-and-only family getaway this year, the Billingtons checked in to an upscale San Diego resort on Sunday with many of the usual vacation accessories - bathing suits, board games and golf clubs.

But they also brought flashlights, sleeping bags and an inflatable mattress because the pool-side room they booked for just $19 comes with a tent where the beds normally would be. They even had to pack their own toilet paper.

Chinese stocks plunge almost 6 percent!

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BEIJING, China - August 17 2009 - China’s benchmark stock index fell almost 6% on Monday, dropping through the 3,000-point level and extending two weeks of falling prices that have wiped out two months of gains.

An avalanche of insider stock selling!

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NEW YORK - August 13, 2009 - Over the last two weeks corporate insiders have dumped over $2.1 billion in stock as opposed to $73.1 million in buys. I'm not sure I've ever seen the ratio of insider sells vs. buys this skewed toward officers and directors looking for the exit door. Talk about the captain jumping into the lifeboat and speeding away before the ship sinks.

Think about that when you call up your financial advisor or broker and tell him you want to get out of the stock market.

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