| First-time buyers are in demand despite tighter credit standards
MILWAUKEE -- Caught in the shifting rapids of mortgage lending, Billy Alt and Kim Le are just now moving into the condo they thought they were buying in August. The condo they were buying was in the process of being converted from a rental unit to a condo, and that involved some fancy financial footwork -- the kind of transactional footnote that caused barely a blip until this summer's upheaval in the mortgage market. They quickly reorganized the finances of the deal to keep it on track. "If we had been looking just a few weeks earlier, it would have been perfectly timed," said Ms. Le. While credit standards have clenched up, driving many too-lax lenders from the field, plenty of financiers are looking for customers, say home lenders.
Buffett, Sukup Differ On Estate Tax
Omahan and Berkshire Hathaway head Warren Buffett urged the Senate Finance Committee not to eliminate the estate tax. Buffett said that the money from the tax should be used to help close the gap between the super-rich and the middle class. Eugene G. Sukup, Chairman of the Board and founder of Sukup Manufacturing Co., in Sheffield, Iowa, said he wants the estate tax banished. .
UAE move on dollar peg not seen as disaster
NEW YORK: A move by the United Arab Emirates to drop its peg to the dollar would probably increase downward pressure on the greenback and may push other Middle East states to let their currencies float more freely as well.
But money managers and FX strategists said such a move makes economic sense and does not necessarily spell the end of the dollar�s long reign as the world�s reserve currency.
UAE central bank governor Sultan Nasser al-Suweidi said on Thursday the oil-rich state is facing stiff economic and social pressure to unshackle the dirham from the declining dollar to combat rising inflation.
The dollar�s steady slide this year � it has hit a record low against the euro and a 26-year trough against sterling � has pushed up costs in booming Middle East economies.
Key documents and FAQs on HCC
You can find some of the key documents in the Manitowoc Health Care Center debate at the link in the green-shaded box to the right. Below are Frequently Asked Questions about the Manitowoc County Health Care Center. FAQs on Manitowoc HCC What is the Manitowoc County Health Care Center? The Manitowoc County Health Care Center is a 150-bed nursing home the county opened in 2003 at 2021 S. Alverno Road, Manitowoc. What is the mission statement of the MCHCC? As adopted by the county board on July 1, 1998:
�To serve those who either select the center as a personal choice or who were unable to obtain services from other providers within the county. To compliment all other health services for the elderly and disabled by serving those who have a care intensity that would prohibit those providers from delivering such care.
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