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Recession Proof Industries – Part 2 Debt Collection

Debt collectors always have a job. There will always be a market for debt collection.
When the economy is good, people run up their credit up and there are always those who refuse to pay old doctor bills or credit card bills. There will …

Sony BMG will be just Sony again.

Once upon a time in 2004 Bertelsmann Music Group (Known as BMG) bought a 50% share in Sony Music Entertainment. From that point on Sony was known as Sony BMG and they held a 21.5% share in the global music industry.
Today Bertelsmann and Sony released …

HSBC is feeling the sting of the American mortgage crisis also.

European bank HSBC reported a 29% drop in first half profits. In the same half in 2007, HSBC posted a $10.9 billion profit, while in the same half this year they posted a $7.7 billion profit.
HSBC holds Household International Inc. partially responsible for the …

Mortgage rates drop because of oil?

On Wednesday, Freddie Mac says that the 30 year fixed mortgage fell to 6.52% as the price of oil fell this week.
The chief economist for Freddie Mac, Frank Nothaft says, Mortgage rates moved lower this week as a drop in commodity prices eased market concerns …

Housing Rescue should pass by Saturday.

Tomorrow up to 400,000 homeowners can take a sigh of relief after the Senate passes a bill to let them refinance into lower interest loans. This will be backed by the Federal Housing Administration. The rescue gives the Treasury an unlimited amount of money …