Tag: economy

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The Difference in ‘Nonprime Loans’ Standards Today Compared ‘Subprime Loans’ from the Housing Crisis in Pekin, IL

The Local Records Office notes while all loans are not the same, borrowers in Pekin, Illinois at higher risk will need a higher down payment and will most likely have higher interest rates. Nonprime Loans are expanding mortgage options, with subprime mortgages that were blamed for sparking the housing crisis –are reappearing and being dubbed Read More

Will Pekin, Illinois Housing Market Have a Stable Future for First-Time Homebuyers in 2018?

LOCAL RECORDS OFFICE – While it has been a decade since the 2008 recession, that triggered 1.2 million homes to foreclosure, some home values across the country have struggled to rebound. Housing prices across Pekin, Illinois in the Midwest have failed to reach pre-recession levels. Today nearly 2.5 million residential properties remain in negative equity, Read More

Could Bitcoin technology help science?

The much-hyped technology behind Bitcoin, known as blockchain, has intoxicated investors around the world and is now making tentative inroads into science, spurred by broad promises that it can transform key elements of the research enterprise. Supporters say that it could enhance reproducibility and the peer review process by creating incorruptible data trails and securely Read More

Amazon to be first $1 trillion firm, says Morgan Stanley

Amazon to be first $1 trillion firm, says Morgan Stanley

Amazon could be history’s first company with a $1 trillion valuation, according to Morgan Stanley analyst Brian Nowak, who broke down the calculations in this best-case scenario in a research note to clients this week. How Amazon could double in value: Investors already prize Amazon highly relative to its typically meager quarterly profits, but Nowak argues Read More