The News Review:
- Auction brings no deals for potential buyers
- US Fed to auction another $100 bln to banks in April
- Auction will cure obsession for Greg Kowplos
- Legg Strains for Auction-Rate Solution
- SGPC urges Manmohan Singh to intervene into Gobind Singh’s…
- Fed offering $100B to banks in auctions
Auction brings no deals for potential buyers
Providence Journal – Mar 29, 2008
Of the 24 properties offered at the sale, 15 did not attract any bids. And all the high bids for the rest of the properties were below the reserve prices set by the sellers, according to representatives of the auctioneers, Counts Realty & Auction Group of Lynchburg, Va. The auction, held at the Atlantic Beach Club on Purgatory Road in Middletown yesterday morning, drew a crowd of 150 to 200 people, enough to fill the ballroom on the second floor of the waterfront hotel. But there appeared to be few serious bidders, and even the most luxurious house offered at the auction — a contemporary colonial at 72 Harrison Ave.
US Fed to auction another $100 bln to banks in April
Mathaba.Net – Mar 29, 2008
central bank announced Friday. Two auctions will be held, on April 7 and 21 respectively, and each offers 50 billion dollars, the Fed said in a press release. The Fed has held eight auctions so far aimed at injecting more money into the banking system since mid-December last year, when it established its Term Auction Facility to deliver short-term funds to banks that are in need of liquidity.
Auction will cure obsession for Greg Kowplos
NEWS.com.au – Mar 29, 2008
article-tools –> By. Greg Kowplos started collecting petrol station signs, fuel pumps, air compressors and a plethora of petrol paraphernalia about 30 years ago. "I have always loved cars and America," he said. His obsession grew into a garage called Billy’s Service Station, a full-size replica of a 1930s Los Angeles garage by the same name. "I used to travel to the Daytona 500 every year and always came back with something," he said.
Legg Strains for Auction-Rate Solution
wsj.com – Mar 29, 2008
–>Legg Strains for Auction-Rate SolutionBy. said it is trying to “restore liquidity” to holders of auction-rate preferred securities issued by seven closed-end funds but can’t ensure that a resolution will be reached. Investors in auction-rate securities have found themselves trapped of late in the investments, which many previously viewed as cash alternatives. The securities are issued by municipalities and other tax-exempt institutions in addition to closed-end funds. When auctions began failing.
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SGPC urges Manmohan Singh to intervene into Gobind Singh’s…
The Cheers – Mar 29, 2008
On April 9, Sotheby’s plans to auction off historic body armour, which may have belonged to the tenth Sikh Guru. SGPC President Avtar Singh Makkar has urged every Indian to stand against the proposed auction of relics of the Guru Gobind Singh. The auction of Guru’s relic should be stopped unless it is verified whether it belonged to him, said Makkar, adding, “If it is proved that the body armour belonged to Guru, then Sikhs would do every thing to bring it back. SGPC’s general secretary Sukhdev Singh Bhaur said the after the news came into being, the organisation was constantly in touch with the religious bodies in the UK and prominent Sikh personalities to stop auctioning. The UK Government, however, does not want to answer how Sotheby’s got the suit of armour. “I think that is really an area that is an issue for people in India.
Fed offering $100B to banks in auctions
Modesto Bee – Mar 29, 2008
comp –> Fed offering $100B to banks in auctions The Federal Reserve announced Friday that it will auction an additional $100 billion in April to cash-strapped banks as it continues to combat the effects of a credit crisis. The central bank said it would make $50 billion available at each of two auctions, on April 7 and 21. Also, the Bush administration said it will propose Monday that Congress give the Federal Reserve broad new authority to oversee financial market stability, in effect allowing it to send “SWAT teams” into any corner of the industry or any institution that might pose a risk to the overall system.
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