MercoPress. South Atlantic News Agency
Stories for January 6th 2009
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Tuesday, January 6th 2009 - 20:00 UTC
Britain's house prices fell a record 15.9% during 2008
Britain's biggest building society has said house prices fell by a record 15.9% during 2008 as it warned the property market was in for another turbulent year. Nationwide said prices were likely to have further to fall before significant numbers of buyers returned to the market, although it stopped short of making a specific forecast for price drops in 2009.
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Tuesday, January 6th 2009 - 20:00 UTC
Forest fire smoke plumes slow tourist traffic in Uruguay
A forest fire that was preventing tourists from reaching Uruguay's sea resorts, including the upscale vacation spot of Punta del Este has been brought under control, although fire-fighters and the military were still working to extinguish the blaze completely, officials said.
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Tuesday, January 6th 2009 - 20:00 UTC
Rich Latin-Americans, leading banks caught in Madoff's net
Wealthy Latin Americans are among the biggest victims of an alleged 50 billion US dollars Ponzi scheme orchestrated by financier Bernard Madoff, The Wall Street Journal reported on Monday.
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Tuesday, January 6th 2009 - 20:00 UTC
Wall Street Ratings agencies threatened? Standards too Poor?
Ratings companies used to have a great name. No longer. The subprime mortgage crisis has seen to that. Once seen as being blue chip companies with a sterling reputation, the ratings companies have now come to be seen as part of the sordid network of double dealing in Wall Street in which conflicts of interest and outright dishonesty led to millions losing money, while the fat cats of the ratings companies raked it all in.
