Links: 2010-02-28 – CRE meltdown in DC, emigration from Ireland and more

The last feature on the list of links below is on CRE in Washington D.C. where the economy is fairly robust. If you know anything about these properties, you would agree these are not poor properties at all. The problem with them is not location or property maintenance; it’s the debt.  The properties were leveraged beyond reason and now their cash flows are falling short.

 

  • España fue el país que más dinero recibió del BEI en 2009 con 10500 millones | Economía – finanzas.com 
  • Economists: Recovering 8.4 million lost jobs years away – The Denver Post
  • FDIC Auctions $610.5 Million in Loans From Failed U.S. Lenders – Bloomberg.com
  • Finanzplatz Schweiz gewinnt auf Kosten von London (Wirtschaft, Aktuell, NZZ Online)
  • The Big Picture » 10 things you didn’t know about orgasm
  • Zoff mit Westerwelle: Warum Merkel die große Krise noch vor sich hat – Politik – Deutschland – Handelsblatt.com
  • EU-Hilfe für Athen würde Euro-Vertrag verletzen – Griechenland in der Krise – derStandard.at › Wirtschaft
  • What caused Washington to be a campaign issue in Texas governor’s race? | News for Dallas, Texas | Dallas Morning News | Texas Regional News
  • Dolphin cognitive abilities raise ethical questions, says Emory neuroscientist – Science Daily
  • Chile’s quake 500 times more powerful than Haiti’s – latimes.com
  • Greek deal puts Goldman Sachs in the firing line – again | Business | The Observer
  • Once again, Ireland’s young prepare to leave | World news | The Observer
  • Yelp Accused Of More Negative Review Extortion – The Consumerist
  • ‘John Terry will not captain England again,’ says Fabio Capello | Football | guardian.co.uk
  • DNA sequence of extinct ancient cattle uncovered – Science Daily
  • Michel Barnier: the most dangerous man in Europe? – Telegraph
  • Off the Charts – Ratio of Troubled Loans Means Banks Aren’t Out of the Woods – NYTimes.com
  • In D.C., more evidence that commercial real estate headed for foreclosure crisis – washingtonpost.com
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