We start off the year with mortgage rates stable from 2009. The good news continues but as we have said before there are forces at play that will mean higher rates in the near term.
Struggling Off-Track Betting Files For Bankruptcy Protection
Pauline Renaud
The New York City Off-Track Betting Corp (OTB), an operator of storefront horse-race wagering parlours, has filed for bankruptcy protection and plans to reorganise after five years and $45m of losses. It expects to close several of its 66 parlours, and hundreds of employees will lose their jobs.
John Edelman, a former business owner, is taking Warren Buffett's advice by investing in what he knows: home furnishings.
Interest Rates
So much for that "special" South Dakota economy. It's only just slightly better than the national economy, based on bankruptcy filings.
There were 2,477 bankruptcy filings in Washington state last month, up 32 percent from the previous November.
The New York City Off-Track Betting Corp (OTB), an operator of storefront horse-race wagering parlours, has filed for bankruptcy protection and plans to reorganise after five years and $45m of losses. It expects to close several of its 66 parlours, and hundreds of employees will lose their jobs.
