| January 2008
Then again, it's not every day that the contest for a presidential nomination comes down to a woman and an African-American man, let alone ones who have managed to raise over one hundred million dollars each. With all due respect to Edwards, who has run a good campaign and has been impressive in the debates (and with apologies to Dennis Kucinich, who has not made an appreciable impact in the race), the Democratic nomination, by all appearances, has come down to a choice between Hillary Clinton and Barack Obama." But Ken also notes that his mailbag has been filled the past week with comments from Edwards supporters who believe that the media have written off Edwards as a serious candidate. Don't forget, they point out, that Clinton was being written off by the media before New Hampshire, Romney before Michigan and McCain was all but buried last summer.
What is happening to mortgages?
Some banks have also been nudging up their variable tracker rates, pushing them well above the official Bank Rate. Another influential website, Moneyfacts.co.uk, says a string of banks have slashed the amount they will lend against the value of the property - the percentage, known as loan-to-value (LTV), is being reduced to only 90%, or in some cases 75%, of the property. So is it getting harder to get a good mortgage deal? The short answer is yes, but it depends on who you are. Banks have increased their margins generally, by hiking their interest rates and the cost of arrangement fees during the past six months. For example, Moneyfacts says the cost of the average arrangement fee has jumed from £634 in November 2006 to £827. Lenders are cunning, of course.
Deal reached to sell 2nd PFM building
The U.S. Bankruptcy Court trustee who has already sold Personal Financial Management Inc.'s headquarters building now has an agreement of sale for its second building, court documents show.This one, at 1270 Shelbourne Road in Exeter Township, would be sold to James V. Cotellessa for $190,000.Cotellessa was not further identified so could not be reached for comment.Trustee Lynn E. Feldman two months ago sold the company's headquarters building at 4700 Perkiomen Ave. for $690,000.The sale agreement said the buyer was the “Bean Funeral Homes or its assigns," meaning an as-yet unidentified entity it designates. Owner Kevin Bean has said the funeral home chain is not the buyer. .
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