| Iraq vet ensnared in mortgage mess
Ouch. This veteran is in financial trouble. I tell everyone I can to run, don't walk, away from any lender telling you to go with an ARM. Unforunately he's already in the boat that's taking on water. Being the success story in his family doesn't help either. I didn't hear of any significant consumer debt after he wisely dumped his expensive consumer items, so unless he can swing a fixed rate refinance with a lower payment I don't see a consolidation loan helping much. If it were a year or two ago I'd say sell the house, hopefully they're not upside down in it.Sounds like a second job is the way to get you over the hump. Rebuild that credit and refinance into something with managable payments or sell down to something more affordable. And yes Mr. Fleming, start now and never stop living within your means.I think the moral of the story for this story, is when the government gives out the ever bigger golden egg to convince young people to enlist, that they should invest that money and use it wisely instead of buying the new car or stereo, etc.
October 2006
The Celtics plan to establish a scholarship fund in Auerbach's name and will be accepting donations for it from fans. The first 15,000 fans turning out for tomorrow night's game will receive a commemorative pin honoring Auerbach.(photo credit, sportsillustrated.cnn.com) .
July 2006
However technical viability and economic practicality lay somewhere in the future. The question is how far in the future? And what must be done to get there? And must we wait? Future deepwater windfarms in over 60 feet of water or so will require much more expensive multi-leg structures or floating platforms for depths up to several hundred feet. This technology is being explored by energy companies with experience in offshore oil and gas platforms. Currently such construction is possible but its economic viability and operational performance is far from reality. For example, the first deepwater demonstration project now in the permitting stage is undertaken by Talisman Energy, an oil and gas producer in the North Sea. It will consist of two newly designed five-megawatt (MW) wind turbines 14 miles off the Scottish coast in 150 feet of water.
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