“Most of the local investors are out of money,” added Mike Shannon, who specializes in Detroit foreclosures and has clients from New Zealand, Australia, England and other places.
Recently a Californian purchased 178 properties, mostly one at a time, and most for under $10,000. Another has purchased six Detroit properties since September and hopes to begin buying five a month.
As clues trickle in on what happened to Air France 447, former CNN anchor, Miles O’Brien, on the Airbus fly-by-wire flight control system on their latest jetliners:
Now here is a key point to remember: as systems fail in an Airbus, the laws that the computers live by change from “normal”, to “alternate”, to “abnormal alternate” to “direct”. At each stage the computers surrender more authority to the humans – until finally silicon surrenders and the carbon pilots are on their own – with no help at all from HAL – at just the point they need him most.
They were in the dark, getting hammered by turbulence, flying blind, by hand, a plane that was designed and built to be controlled by machines – with human supervision.
Mozilla is bundling Firefox add-ons to get Web Developers’ up to speed with a single install.
(thx Tim)
While Hanke has stopped keeping track, Reuters Africa reports:
Zimbabwe’s consumer inflation stood at -1.1 percent month-on-month in April compared to -3.0 in March, the Central Statistical Office [in Harare] said on Friday. The CSO did not release a yearly figure.
Zimbabwe has allowed the use of multiple foreign currencies to stem hyperinflation that destroyed the value of the Zimbabwe dollar.
Expedia.com said Wednesday it will stop charging fees when customers book airline tickets over the Internet, upping the ante in the competition among online travel agencies.
The company, a unit of Expedia Inc., stopped charging booking fees in March under a promotion that was scheduled to end May 31. The latest move makes the no-fee policy permanent.
Rival online agencies Orbitz.com, a unit of Orbitz Worldwide Inc., and Sabre Holdings Corp.’s Travelocity.com also had eliminated booking fees on a promotional basis. The companies declined to comment on possible next steps. “Orbitz intends to remain a competitive place to book online,” a spokesman said. A Travelocity spokesman said: “We’re continuing to waive booking fees through this month.”
