Scott Pelley reports on the mortgage crisis that’s far from over, with a second wave of expected defaults on the way that could deepen the bottom of the US recession.
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The personal savings habits of Americans have reached a four year low. (Oct 2011; Federal Reserve) According to a March 2011 survey conducted by the Employee Benefit Research Institute, 29% of Americans have a savings of less than $1000 while 56% have less than $25000 saved. These troubling statistics are not without precedent. In July of 2006, Tracey Anne found that 97% of Baby Boomers did not have enough saved for their retirement. Then and now, Americans are not being proactive about planning for retirement. 55% of Americans did not save one penny in the prior year, according to FINRA Investor Education Foundation in December of 2010. But poor savings habits are just the tip of the iceberg. American personal debt is near an all-time high, (Oct 2011; Federal Reserve) including $772 billion in outstanding credit card balances. (Q2 2011 Federal Reserve, CardHub.com) The economic impact is far-reaching. Over 2.32 million Americans applying for mortgages have been rejected. (Nov 2011 The Washington Times, MBA) The average student graduates with $23186 in debt. (Spring 2011 Fed Reserve Bank of Richmond) College students collectively owe more than $1000000000000. (Oct 2011 USA Today, Federal Reserve Bank of New York) Additionally, more American filed for bankruptcy than graduated from college and filed for divorce. (Bankruptcy: 2010 US Court System) (Graduate: 2012 2010 Census, 2009 Data) Due in large part to heavy debt, 42% of Americans lives paycheck to paycheck. (Aug 2011 …
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Balettan (Mohanlal) is a bank accountant who is known well for his help to the whole village he is living in. His father(Nedumudi Venu) is a retired postman. Meanwhile, helping others, he becomes a big debtor and his father pays the debts using his pension money. Then once when travelling by bus, Mohanlal’s father gets a heart stroke and decides to tell his eldest son, Balettan, that he has another wife and two daughters. When Mohanlal knows this he loses his control and gets angry at his father. This leads to another stroke which causes Nedumudi Venu’s death but he manages to tell Balettan that he should take of his second wife and daughters. He also tells him that his family should not know anything. Then Balettan visits them and takes care of both the families but once when Balettan steals his own house’ papers and mortgages it for his half-sister’s marriage. Then when his brother gets to know about this, his entire family gets angry and even tell that he has another wife. Even Balettan’s wife Radika (Devayani) also tells him to go out.Finally,his half-sister Devaki (Nithya Das)reveals the truth to prove Balettan’s innocence and Balettan returns the house to his family and reveals what his father told before death.
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Race (2008) – Full Hindi / Bollywood Movie * I do not hold rights to this movie * Copyright© ” UTV Motion Pictures” & “Tips Music Films” Directed by: Abbas-Mustan Cast: Anil Kapoor, Saif Ali Khan, Akshaye Khanna, Bipasha Basu,Sameera Reddy, Katrina Kaif Plot: Ranvir and Rajiv are half brothers who own a huge stud farm in South Africa. Ranvir is a very shrewd and aggressive man while Rajiv is laid back, and a chronic alcoholic. Sophia, Ranvir’s personal secretary adores and loves him. Ranvir is unaware of her feelings. Shaina, an Indian ramp model in Durban loves Ranvir but through a twist of fate gets married to his younger brother Rajiv. When she discovers that Rajiv is a chronic alcoholic, her world is shattered. Ranvir too is disturbed as he has sacrificed his love for his younger brother because Rajiv had promised to leave alcohol for good if he marries Shaina. In a weak moment Ranvir and Shaina come very close to each other. When Rajiv starts suspecting, all hell breaks loose. A murder is committed, a contract killing is issued. A sharp tongued detective RD, getting wise on the proceedings, starts an intriguing investigation with his brainless bimbo assistant Mini. Based in Durban, Ranvir Singh lives a very wealthy lifestyle along with his slacker and alcoholic brother, Rajiv, and runs a stud farm. He is in love with Sonia and both hope to get married. When Ranvir introduces Sonia to Rajiv, he falls in love with her, and Ranvir decides to let them get married on the …