Archive for January, 2008

Where Does Money to Back Your Mortgage Come From

After you have applied for your loan, it is placed in a loan pool with many of other peoples’ loans as well.  These loan pools are then purchased by various firms, such as the Fannie May Foundation.  The mortgage pool is then split into smaller ownership segments, which are known as mortgage backed securities.  These […]

Missile Defense Systems for Passenger Airlines

For the first time ever, the Department of Homeland security will be testing missile defense systems on commercial passenger jets.  As many as three American Airlines jets will be fitted with the missile defense system and will be required to fly over 7,000 hours to test the systems.
The systems have previously been tested on cargo […]

Lack of Jobs in 2008

With news of an inevitable recession, it is extremely likely that this will have a large affect on the job market.  It is expected that the number of companies hiring is likely to greatly decrease, though many companies are still expecting to increase current employees salaries by the same rates that they have increased them […]