Friday, August 30, 2002

Asia Times: Iraq 3:13:17 PM    Mantras of the 9 Planets: Sukraya -- requires Quicktime 1:38:52 PM    osXApplicationsRankedByCat 1:32:52 PM    Bill Christensen at Greenbuilder.com needs help with a trademark dispute "Greenbuilder.com recently received a "cease and desist" letter from building materials giant CertainTeed corporation for our use of the words "Building Solutions" on the main page of our website (http://greenbuilder.com). Actually, the phrase we use is "Green Building Solutions". We feel that the trademark lawyers are working just a little too hard to justify their existence. They've asked for a response by August 30. We'd like to ask you, the likely users of our site, to help us respond. If you go to our main page (http://greenbuilder.com), a second page will open as a popunder with a simple, two choice response (there's also room for additional comments, should you so choose). Please submit your answers - they'll be sent directly to the trademark lawyers, and copied to us." Greenbuilder.com 1:12:36 PM    Michael Cuddehe: Consumption Exhaustion and The Case for Deflation "The recent strength of the consumer as an economic force has been largely driven by the downward manipulation of mortgage rates and the massive extension of easy credit.  This phenomenon is reaching the end of its run, and even now, despite continued easing of rates and endless creative financing schemes, including "interest only" mortgages, home sales have been falling off.  The huge move into housing by marginal buyers and refinancing, often for 100% or more of market value, at the top of the cycle is going to result in a wave of defaults, personal bankruptcies, bank failures and big losses for Agency bondholders and other mortgage investors In light of the above it is my opinion that deflation is inevitable and that falling housing prices will likely be the final blow that brings it on, possibly triggered by war with Iraq or other geopolitical disruptions or terrorist activities, economic contagion from the Far East or South America, or simply by the sheer weight of aggregate debt." 6:21:41 AM

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