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New Realty Trends Emerging In Inner Loop Houston Neighborhoods in 2008; Mortgage mess, Erratic Economy Change Buying & Selling Tactics
Luxury homes in Houston's Inner Loop (IH-610) should hold their prices in 2008, but risk of falling values, according to a study, is possible in 2009, says Steven Kleiman, CEO of Oakington Realty, Inc. The mortgage meltdown, uneasy stock markets, unsettled economy and declining prime interest rate are all radically reshaping the way brokers and their clients will market expensive homes, condos and lots, says the REaltor whose firm handled $40 million worth of high-end properties in 2007, up 25% over 2007. Home prices will increase at only 5% over the next two years, with buyers wanting upscale locations close to their places of work, as well as "suburbs in the city -- and more of them narrowing their choices online first. Sellers will have to sharpen their pencils and their properties -- from the curb and landscape to the interior and highly organized storage spaces. Those who venture into tear-downs or property flipping will have to proceed with caution. (PRWeb Feb 6, 2008)

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Productivity slowed in 4th quarter
(AP)

Al Van Sant with East Falls Gulf Service Station gathers tools for brake work on a SUV in Philadelphia, Friday, Jan. 18, 2008. The Labor Department on Wednesday, Feb. 6, 2008 reported that productivity, the amount of output per hour of work, increased at an annual rate of 1.8 percent in the October-December quarter, down from a 6 percent performance in the July-September period. The slowdown reflected the fact that overall economic activity weakened considerably in the final three months of last year. (AP Photo/Matt Rourke)AP - Worker productivity, the key factor in rising living standards, slowed sharply in the final three months of the year as overall economic activity weakened considerably while labor pressures increased.




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Republicans join to block stimulus bill
(AP)

Senate Minority Leader Mitch McConnell, R-Ky., talks to reporters in Washington Wednesday, Feb. 6, 2008, after after a cloture vote on an economic stimulus package failed to pass. Sen. Jon Kyl, R-Ariz., is at left.  (AP Photo/Dennis Cook)AP - The fate of $600-$1,200 rebate checks for more than 100 million Americans is in limbo after Senate Republicans blocked a bid by Democrats to add $44 billion in help for the elderly, disabled veterans, the unemployed and businesses to the House-passed economic aid package.




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European Technology Service Professionals Gather for First-of-Its-Kind Conference: Focus on Leveraging Services to Drive Corporate Growth and Profitability
The world's leading technology services associations, the Association for Services Management International (AFSMI), the Service & Support Professionals Association (SSPA) and the Technology Professional Services Association (TPSA) today announced the new Technology Services Europe 2008 conference to be held 2-4 April at the Paris Marriott Rive Gauche Hotel and Conference Center. This event represents the first-ever meeting of the members of these three leading organisations, providing an unrivaled venue for services executives to gather and discuss common business issues. (PRWeb Feb 6, 2008)

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Spire Investment Partners Creates Its Own Broker/Dealer Operation
Spire Investment Partners, LLC (formerly Legacy Advisors, LLC), of McLean, VA, has announced a major expansion. A nationally recognized Registered Investment Advisor (RIA), Spire has created its own Broker/Dealer (B/D) and is recruiting 25 to 50 new consultants to its existing crew of 20 advisors. Operating with 13 consulting teams working in six offices from Virginia to Colorado, Spire manages $1.2 billion in assets for high net worth individuals. (PRWeb Feb 6, 2008)

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Rate-cut doubts sink Wall Street
(Reuters)

A board shows the Dow average near the end of the trading day at the New York Stock Exchange, February 5, 2008. (Brendan McDermid/Reuters)Reuters - Stock indexes dropped for a third
straight session on Wednesday after Federal Reserve officials
cast doubt on the outlook for more interest rate cuts, driving
the Nasdaq into bear market territory.




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Rate-cut doubts sink Wall Street
(Reuters)

A board shows the Dow average near the end of the trading day at the New York Stock Exchange, February 5, 2008. (Brendan McDermid/Reuters)Reuters - Stock indexes dropped for a third
straight session on Wednesday after Federal Reserve officials
cast doubt on the outlook for more interest rate cuts, driving
the Nasdaq into bear market territory.




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Republicans block Senate economic stimulus plan
(Reuters)

Shoppers cross Seventh Avenue in New York, November 23, 2007. REUTERS/Ray StubblebineReuters - Senate Republicans on Wednesday
narrowly blocked a Democratic-backed economic stimulus plan
that was costlier than a House of Representatives-passed
measure by extending cash rebates to retirees and disabled
veterans and stretching out unemployment benefits.




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Techdirt Fills a Key Business Research Gap With New Smart Dossier Company Reports
The declining pool of available research on many companies makes it more difficult for organizations to gather strengths-weaknesses-opportunities-threats (SWOT) analysis of new competitors, partners and investment options. To help address this growing knowledge gap, Techdirt today announced Smart Dossiers, a new packaged online research service ready to deliver fast, intelligent company-specific reports with multiple analytical perspectives developed by its Techdirt Insight Community expert network of independent analysts. (PRWeb Feb 6, 2008)

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Accountancyjobsabroad.com Grows Rapidly In The Cayman Islands
Accountancyjobsabroad.com, a web-based recruitment consultant, reported that is has seen rapid growth in it's customer base throughout the Cayman Islands. This is due to the increased competitiveness of the island's core financial businesses such as Fund Administration and also due to fewer regulations for overseas candidates in comparison to other offshore jurisdictions. Accountancyjobsabroad.com has a versatile business model which has allowed it to seize on this fast-growing market. (PRWeb Feb 6, 2008)

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