Bond insurers seek to cut $125 billion in contracts: report

Date: Mon, 23 Jun 2008 17:04:10 -0400
Bond insurers seek to cut $125 billion in contracts: report

Bond insurers, including Ambac, MBIA and Financial Guaranty Insurance
Co. are trying to unwind $125 billion of guarantees they sold on risky
debt securities, the Financial Times reports.

MarketWatch First Take: Saudis seize oil market's half-baked blame game

Saudi officials put out the word this weekend that a world of
cash-strapped motorists wanted to hear: They plan to boost output. So
why are oil prices up in Monday trading?

Real Estate: Housing slump rivals deepest slowdowns in 60-plus years:
Report

The housing slump, already shaping up to be the worst in a generation,
still hasn't run its full course, according to Harvard University's
annual report on housing, released on Monday.

Dubai's $82 billion aerospace gamble

It's a windswept desert of dunes, rocks and 120-degree heat home to
camels, snakes and antelope. Cutting through this desolate landscape, a
dark tongue of asphalt is the only evidence that a project first dreamt
of 30 years ago -- to make Dubai the world's top airport hub and a
global aerospace player -- is on the verge of coming true.