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oel Brinkerhoff and David Wallechinsky An often overlooked, but nonetheless important aspect of the foreclosure crisis has involved property tax lien foreclosures. When a property owner falls behind on mortgage payments, local governments can impose a tax lien that, if not paid off, can result in foreclosure proceedings. In order to secure revenue, the governments sometimes sell the liens to private investors, who, in some instances are able to [...] From The Reformed Broker: Today, we have a very special treat — Nitin Rao is a blogger in the Indian markets, but he blogs in English at his brand new site Alpha Ideas. As regular readers know, I’m fascinated with the markets of emerging and frontier nations. As such, I’ve asked Nitin to write a guest post to reveal some not-so well-known facts on the Indian markets. This is great stuff. – [...] Manufacturing activity in India has slowed down in wake of the tightening monetary policy India’s factory output grew at a weaker-than-expected rate in May as manufacturing activity slowed. Industrial output grew by 5.6% in May compared with the same month last year, latest government data showed. Manufacturing, which accounts for 80% of overall industrial output, also rose by 5.6% in May, compared with growth of 8.9% a year earlier. The [...] Credit: Smitha Rao Credit: Smitha Rao Credit: Smitha Rao Credit: Smitha Rao Credit: Smitha Rao |
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