Here's one way to make the mortgage mess work for you: According to The Wall Street Journal, the slowdown in foreclosures due to questions about paperwork, note-holders and robo-signers has allowed some homeowners to live mortgage-free for several months; some are even renting out their homes. The Journal estimates that the "stealth stimulus" gives these homeowners a "subsidy" of about $2.6 billion a month.
According to the Journal, some homeowners in states such as New York and Florida can stay in their homes for more than six months while legal issues are worked out. And if the money they're not spending on their mortgages goes into the local economy, "it's probably stimulative," said economist Ivy Zelman. Then there are those who've turned their homes into new sources of income:
Some homeowners who have defaulted on their mortgage payments are cashing in by renting out their homes. Joe Mayol, a real-estate agent in Palmdale, Calif., estimates that in his area about two-thirds of houses with defaulted mortgages are occupied, and half of those by renters. "People are getting money out of these houses," he said.Ms. Zelman says her research suggests defaulters do spend much of the money on consumer services and goods. "People are taking what they would have been spending on a mortgage and spending it somewhere else," she says.
However, the Journal is quick to add that local communities still end up getting a bad deal, since they usually can't collect property taxes on foreclosed homes, and the foreclosure crisis only adds to uncertainty about the housing market.
"I don't think that's the kind of consumer recovery we want, if the only reason they're spending a bit more is that they're not paying their other bills," Joseph Carson of AllianceBernstein told the Journal.
Stealth Stimulus: Defaulters Who Live for Free
Appearing as a guest on Tuesday’s Joy Behar Show on HLN, liberal commentator Nancy Giles of CBS Sunday Morning declared that she was "tired" of Bristol Palin and asserted that "she makes me ill."
After host Behar brought up Palin during a discussion of the television show Dancing with the Stars, Giles sighed and responded: "Can I just, can my comment be rolling my eyes and heavy exhaling? I just am so tired of her. I’m tired of her getting these breaks. I’m tired of her making money and leaving her baby at home. I’m tired of her maybe getting 30 grand to speak about abstinence. Excuse me? I’m tired of her."
After Behar challenged Giles’s suggestion that Palin was neglecting her baby, the liberal commentator continued: "I know, Joy, I do believe that, but I’m so, she makes me ill, so all bets are off."
Giles eventually admitted to sounding sexist after actress Eve Plumb complained that men are never asked about whether they are neglecting their children, with the liberal commentator conceding: "I know it’s not fair. I sound like I’m sexist."
Below is a transcript of the relevant portion of the Tuesday, October 19, Joy Behar Show on HLN:
JOY BEHAR: Nancy, what do you think about Bristol Palin on that show?
NANCY GILES, CBS SUNDAY MORNING: (SIGHS) Can I just, can my comment be rolling my eyes and heavy exhaling? I just am so tired of her. I’m tired of her getting these breaks. I’m tired of her making money and leaving her baby at home. I’m tired of her maybe getting 30 grand to speak about abstinence. Excuse me? I’m tired of her.
BEHAR: Why can’t she, you know, dance and leave the baby at home for a little while? Women have to be able to dance and go to work.
GILES: I know, Joy, I do believe that, but I’m so, she makes me ill, so-
BEHAR: I know, she just-
GILES: -all bets are off.
EVE PLUMB, FORMER CAST MEMBER OF THE BRADY BUNCH: Nobody ever worries about a man leaving the baby at home.
BEHAR: No, that’s true.
GILES: I know it’s not fair. I sound like I’m sexist.
BEHAR: They make such a big deal over this, and then they don’t do the right thing, which is annoying.
eric seiger
JLS to appear on X Factor ahead of UK tour | Tixdaq.com Ticket <b>News</b>
JLS will perform on this week's X Factor results show along with Westlife and Take That.
<b>News</b> Flash! Chris Christie's got junk in the trunk | The Daily <b>...</b>
Christie critics turn to weightiest issues when attacking governor.
Craig Crawford: NBC '<b>News</b>' Is What Fox Says It Is
Cool, NBC's mere slap on the wrist for an anchor who gave thousands to Democratic candidates simply confirms that one of our major news organizations has made a partisan choice. Lord knows we need a counterpoint to the Republican ...
eric seiger
Here's one way to make the mortgage mess work for you: According to The Wall Street Journal, the slowdown in foreclosures due to questions about paperwork, note-holders and robo-signers has allowed some homeowners to live mortgage-free for several months; some are even renting out their homes. The Journal estimates that the "stealth stimulus" gives these homeowners a "subsidy" of about $2.6 billion a month.
According to the Journal, some homeowners in states such as New York and Florida can stay in their homes for more than six months while legal issues are worked out. And if the money they're not spending on their mortgages goes into the local economy, "it's probably stimulative," said economist Ivy Zelman. Then there are those who've turned their homes into new sources of income:
Some homeowners who have defaulted on their mortgage payments are cashing in by renting out their homes. Joe Mayol, a real-estate agent in Palmdale, Calif., estimates that in his area about two-thirds of houses with defaulted mortgages are occupied, and half of those by renters. "People are getting money out of these houses," he said.Ms. Zelman says her research suggests defaulters do spend much of the money on consumer services and goods. "People are taking what they would have been spending on a mortgage and spending it somewhere else," she says.
However, the Journal is quick to add that local communities still end up getting a bad deal, since they usually can't collect property taxes on foreclosed homes, and the foreclosure crisis only adds to uncertainty about the housing market.
"I don't think that's the kind of consumer recovery we want, if the only reason they're spending a bit more is that they're not paying their other bills," Joseph Carson of AllianceBernstein told the Journal.
Stealth Stimulus: Defaulters Who Live for Free
Appearing as a guest on Tuesday’s Joy Behar Show on HLN, liberal commentator Nancy Giles of CBS Sunday Morning declared that she was "tired" of Bristol Palin and asserted that "she makes me ill."
After host Behar brought up Palin during a discussion of the television show Dancing with the Stars, Giles sighed and responded: "Can I just, can my comment be rolling my eyes and heavy exhaling? I just am so tired of her. I’m tired of her getting these breaks. I’m tired of her making money and leaving her baby at home. I’m tired of her maybe getting 30 grand to speak about abstinence. Excuse me? I’m tired of her."
After Behar challenged Giles’s suggestion that Palin was neglecting her baby, the liberal commentator continued: "I know, Joy, I do believe that, but I’m so, she makes me ill, so all bets are off."
Giles eventually admitted to sounding sexist after actress Eve Plumb complained that men are never asked about whether they are neglecting their children, with the liberal commentator conceding: "I know it’s not fair. I sound like I’m sexist."
Below is a transcript of the relevant portion of the Tuesday, October 19, Joy Behar Show on HLN:
JOY BEHAR: Nancy, what do you think about Bristol Palin on that show?
NANCY GILES, CBS SUNDAY MORNING: (SIGHS) Can I just, can my comment be rolling my eyes and heavy exhaling? I just am so tired of her. I’m tired of her getting these breaks. I’m tired of her making money and leaving her baby at home. I’m tired of her maybe getting 30 grand to speak about abstinence. Excuse me? I’m tired of her.
BEHAR: Why can’t she, you know, dance and leave the baby at home for a little while? Women have to be able to dance and go to work.
GILES: I know, Joy, I do believe that, but I’m so, she makes me ill, so-
BEHAR: I know, she just-
GILES: -all bets are off.
EVE PLUMB, FORMER CAST MEMBER OF THE BRADY BUNCH: Nobody ever worries about a man leaving the baby at home.
BEHAR: No, that’s true.
GILES: I know it’s not fair. I sound like I’m sexist.
BEHAR: They make such a big deal over this, and then they don’t do the right thing, which is annoying.
eric seiger
JLS to appear on X Factor ahead of UK tour | Tixdaq.com Ticket <b>News</b>
JLS will perform on this week's X Factor results show along with Westlife and Take That.
<b>News</b> Flash! Chris Christie's got junk in the trunk | The Daily <b>...</b>
Christie critics turn to weightiest issues when attacking governor.
Craig Crawford: NBC '<b>News</b>' Is What Fox Says It Is
Cool, NBC's mere slap on the wrist for an anchor who gave thousands to Democratic candidates simply confirms that one of our major news organizations has made a partisan choice. Lord knows we need a counterpoint to the Republican ...
eric seiger
eric seiger
eric seiger
JLS to appear on X Factor ahead of UK tour | Tixdaq.com Ticket <b>News</b>
JLS will perform on this week's X Factor results show along with Westlife and Take That.
<b>News</b> Flash! Chris Christie's got junk in the trunk | The Daily <b>...</b>
Christie critics turn to weightiest issues when attacking governor.
Craig Crawford: NBC '<b>News</b>' Is What Fox Says It Is
Cool, NBC's mere slap on the wrist for an anchor who gave thousands to Democratic candidates simply confirms that one of our major news organizations has made a partisan choice. Lord knows we need a counterpoint to the Republican ...
eric seiger
Here's one way to make the mortgage mess work for you: According to The Wall Street Journal, the slowdown in foreclosures due to questions about paperwork, note-holders and robo-signers has allowed some homeowners to live mortgage-free for several months; some are even renting out their homes. The Journal estimates that the "stealth stimulus" gives these homeowners a "subsidy" of about $2.6 billion a month.
According to the Journal, some homeowners in states such as New York and Florida can stay in their homes for more than six months while legal issues are worked out. And if the money they're not spending on their mortgages goes into the local economy, "it's probably stimulative," said economist Ivy Zelman. Then there are those who've turned their homes into new sources of income:
Some homeowners who have defaulted on their mortgage payments are cashing in by renting out their homes. Joe Mayol, a real-estate agent in Palmdale, Calif., estimates that in his area about two-thirds of houses with defaulted mortgages are occupied, and half of those by renters. "People are getting money out of these houses," he said.Ms. Zelman says her research suggests defaulters do spend much of the money on consumer services and goods. "People are taking what they would have been spending on a mortgage and spending it somewhere else," she says.
However, the Journal is quick to add that local communities still end up getting a bad deal, since they usually can't collect property taxes on foreclosed homes, and the foreclosure crisis only adds to uncertainty about the housing market.
"I don't think that's the kind of consumer recovery we want, if the only reason they're spending a bit more is that they're not paying their other bills," Joseph Carson of AllianceBernstein told the Journal.
Stealth Stimulus: Defaulters Who Live for Free
Appearing as a guest on Tuesday’s Joy Behar Show on HLN, liberal commentator Nancy Giles of CBS Sunday Morning declared that she was "tired" of Bristol Palin and asserted that "she makes me ill."
After host Behar brought up Palin during a discussion of the television show Dancing with the Stars, Giles sighed and responded: "Can I just, can my comment be rolling my eyes and heavy exhaling? I just am so tired of her. I’m tired of her getting these breaks. I’m tired of her making money and leaving her baby at home. I’m tired of her maybe getting 30 grand to speak about abstinence. Excuse me? I’m tired of her."
After Behar challenged Giles’s suggestion that Palin was neglecting her baby, the liberal commentator continued: "I know, Joy, I do believe that, but I’m so, she makes me ill, so all bets are off."
Giles eventually admitted to sounding sexist after actress Eve Plumb complained that men are never asked about whether they are neglecting their children, with the liberal commentator conceding: "I know it’s not fair. I sound like I’m sexist."
Below is a transcript of the relevant portion of the Tuesday, October 19, Joy Behar Show on HLN:
JOY BEHAR: Nancy, what do you think about Bristol Palin on that show?
NANCY GILES, CBS SUNDAY MORNING: (SIGHS) Can I just, can my comment be rolling my eyes and heavy exhaling? I just am so tired of her. I’m tired of her getting these breaks. I’m tired of her making money and leaving her baby at home. I’m tired of her maybe getting 30 grand to speak about abstinence. Excuse me? I’m tired of her.
BEHAR: Why can’t she, you know, dance and leave the baby at home for a little while? Women have to be able to dance and go to work.
GILES: I know, Joy, I do believe that, but I’m so, she makes me ill, so-
BEHAR: I know, she just-
GILES: -all bets are off.
EVE PLUMB, FORMER CAST MEMBER OF THE BRADY BUNCH: Nobody ever worries about a man leaving the baby at home.
BEHAR: No, that’s true.
GILES: I know it’s not fair. I sound like I’m sexist.
BEHAR: They make such a big deal over this, and then they don’t do the right thing, which is annoying.
eric seiger
eric seiger
JLS to appear on X Factor ahead of UK tour | Tixdaq.com Ticket <b>News</b>
JLS will perform on this week's X Factor results show along with Westlife and Take That.
<b>News</b> Flash! Chris Christie's got junk in the trunk | The Daily <b>...</b>
Christie critics turn to weightiest issues when attacking governor.
Craig Crawford: NBC '<b>News</b>' Is What Fox Says It Is
Cool, NBC's mere slap on the wrist for an anchor who gave thousands to Democratic candidates simply confirms that one of our major news organizations has made a partisan choice. Lord knows we need a counterpoint to the Republican ...
eric seiger
eric seiger
JLS to appear on X Factor ahead of UK tour | Tixdaq.com Ticket <b>News</b>
JLS will perform on this week's X Factor results show along with Westlife and Take That.
<b>News</b> Flash! Chris Christie's got junk in the trunk | The Daily <b>...</b>
Christie critics turn to weightiest issues when attacking governor.
Craig Crawford: NBC '<b>News</b>' Is What Fox Says It Is
Cool, NBC's mere slap on the wrist for an anchor who gave thousands to Democratic candidates simply confirms that one of our major news organizations has made a partisan choice. Lord knows we need a counterpoint to the Republican ...
eric seiger
JLS to appear on X Factor ahead of UK tour | Tixdaq.com Ticket <b>News</b>
JLS will perform on this week's X Factor results show along with Westlife and Take That.
<b>News</b> Flash! Chris Christie's got junk in the trunk | The Daily <b>...</b>
Christie critics turn to weightiest issues when attacking governor.
Craig Crawford: NBC '<b>News</b>' Is What Fox Says It Is
Cool, NBC's mere slap on the wrist for an anchor who gave thousands to Democratic candidates simply confirms that one of our major news organizations has made a partisan choice. Lord knows we need a counterpoint to the Republican ...
eric seiger
JLS to appear on X Factor ahead of UK tour | Tixdaq.com Ticket <b>News</b>
JLS will perform on this week's X Factor results show along with Westlife and Take That.
<b>News</b> Flash! Chris Christie's got junk in the trunk | The Daily <b>...</b>
Christie critics turn to weightiest issues when attacking governor.
Craig Crawford: NBC '<b>News</b>' Is What Fox Says It Is
Cool, NBC's mere slap on the wrist for an anchor who gave thousands to Democratic candidates simply confirms that one of our major news organizations has made a partisan choice. Lord knows we need a counterpoint to the Republican ...
eric seiger eric seiger
eric seiger
eric seiger
eric seiger
JLS to appear on X Factor ahead of UK tour | Tixdaq.com Ticket <b>News</b>
JLS will perform on this week's X Factor results show along with Westlife and Take That.
<b>News</b> Flash! Chris Christie's got junk in the trunk | The Daily <b>...</b>
Christie critics turn to weightiest issues when attacking governor.
Craig Crawford: NBC '<b>News</b>' Is What Fox Says It Is
Cool, NBC's mere slap on the wrist for an anchor who gave thousands to Democratic candidates simply confirms that one of our major news organizations has made a partisan choice. Lord knows we need a counterpoint to the Republican ...
When times are bad, the one place that feels like an escape to many is the 'movie theatre'. This is evident, when looking at the worldwide revenue earned by the following top 10 money making movies of 2009.
#1 Top Money Making Movie for 2009 - Harry Potter and the Half-Blood Prince
In this sixth installment of the Harry Potter series, starring Daniel Radcliffe, Rupert Grint, Emma Watson and Tom Felton, Hogwarts headmaster Dumbledore, prepares Harry for his inevitable confrontation with the dark wizard, Voldemort. A movie and ending not to be missed.
With a worldwide gross of $929,349,327, the movie has been running in theatres for 149 days and is still showing in theatres.
#2 Top Money Making Movie for 2009 - Ice Age: Dawn of the Dinosaurs
This third installment of the Ice Age series features the voice talents, Ray Romano and Queen Latifah. In this movie, Manny and Ellie are expecting their first baby. Feeling a little left out, Sid the sloth, tries an unconventional way of starting a family that gets him into trouble and needs his friends to rescue him.
With a worldwide gross of $878,802,649, the movie has been running in theatres for 148 days and is still showing in theatres.
#3 Top Money Making Movie for 2009 - Transformers: Revenge of the Fallen
In Transformers: Revenge of the Fallen, Sam Witwicky (Shia LaBeouf) joins, again, with the Autobots against their sworn enemies, the Decepticons.
With a worldwide gross of $833,229,011, the movie ran in theatres for 114 days.
#4 Top Money Making Movie for 2009 - Up
Up is a heartwarming story about an elderly man who chooses to live his dreams despite the losses in his life. And going along for the ride is 8-year-old, Wilderness Explorer, Russell. This movie is sure to tug at your heartstrings, while entertaining the little ones.
With a worldwide gross of $506,962,798, the movie ran in theatres for 161 days.
#5 Top Money Making Movie for 2009 - The Twilight Saga: New Moon
New Moon is the second installment of Stephenie Meyer's Twilight series, starring Kristen Stewart, Robert Pattinson and Taylor Lautner. Twilight's die-hard fans waited anxiously to experience Bella Swan's romance, again, with Edward Cullen. And this time, the attraction between Bella and Jacob Black and the animation effects add to the excitement of the movie.
With a worldwide gross of $499,392,782, the movie has been running in theatres for 21 days and is still showing in theatres.
#6 Top Money Making Movie for 2009 - The Hangover
This movie starring Ed Helms and Zach Galifianakis, follows the adventures of a groom and his groomsmen in Vegas. While celebrating the groom's last night of freedom, the groom is accidentally 'lost' and the groomsmen have to retrace their steps to find him before the wedding is ruined.
With a worldwide gross of $459,386,580, the movie has been running in theatres for 189 days and is still showing in theatres.
#7 Top Money Making Movie for 2009 - Star Trek
Trekkies and non-Trekkies will enjoy this tribute to the Star Trek series.
With a worldwide gross of $384,953,671, the movie ran in theatres for 147 days.
#8 Top Money Making Movie for 2009 - Monsters Vs. Aliens
This movie was, yet another successful 3D movie in 2009. The vocal talent, which includes Reese Witherspoon, Seth Rogen and Stephen Colbert, adds plenty of character to the super-sized visuals and eye-popping effects.
With a worldwide gross of $379,882,046, the movie ran in theatres for 154 days.
#9 Top Money Making Movie for 2009 - X-Men Origins: Wolverine
This is the fourth installment of the X-Men series, starring Hugh Jackman and Liev Schreiber. The 'Wolverine' character is chosen for this prequel since he is the most well-known and popular X-Men character.
With a worldwide gross of $373,062,569, the movie ran in theatres for 154 days.
#10 Top Money Making Movie for 2009 - Night at the Museum: Battle of the Smithsonian
In this sequel to 'Night at the Museum', starring Ben Stiller, Amy Adams and Owen Wilson, night guard Larry Daley (Ben Stiller) is now a successful entrepreneur. He returns to the Museum of Natural History to visit his friends, the exhibits that come to life at night, only to learn that they are being shipped off into deep storage at the Smithsonian Institution.
With a worldwide gross of $412,378,818, the movie has been running in theatres for 167 days and is still showing in theatres.
Sources:
Box Office Mojo - used for the gross amounts and the number of days in the theatres.
IMDB
eric seiger
JLS to appear on X Factor ahead of UK tour | Tixdaq.com Ticket <b>News</b>
JLS will perform on this week's X Factor results show along with Westlife and Take That.
<b>News</b> Flash! Chris Christie's got junk in the trunk | The Daily <b>...</b>
Christie critics turn to weightiest issues when attacking governor.
Craig Crawford: NBC '<b>News</b>' Is What Fox Says It Is
Cool, NBC's mere slap on the wrist for an anchor who gave thousands to Democratic candidates simply confirms that one of our major news organizations has made a partisan choice. Lord knows we need a counterpoint to the Republican ...
eric seiger
JLS to appear on X Factor ahead of UK tour | Tixdaq.com Ticket <b>News</b>
JLS will perform on this week's X Factor results show along with Westlife and Take That.
<b>News</b> Flash! Chris Christie's got junk in the trunk | The Daily <b>...</b>
Christie critics turn to weightiest issues when attacking governor.
Craig Crawford: NBC '<b>News</b>' Is What Fox Says It Is
Cool, NBC's mere slap on the wrist for an anchor who gave thousands to Democratic candidates simply confirms that one of our major news organizations has made a partisan choice. Lord knows we need a counterpoint to the Republican ...
eric seiger
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