Tuesday, August 07, 2007

Tuesday, August 7 in the news....

  • A German fund has stopped withdrawals after clients removed 20 percent of their money since the end of July amid concern about the U.S. housing market. Apparently the fund is called "Vhat? You vill not take zee money, ein Cherman Fund, vee keep".

  • A Sydney home has smashed the record for the most expensive home in Australia, selling for almost $30 million last night. Sending the city's real estate circles into a spin, the property known as Routala in Point Piper sold for between $28-30 million. The couple who bought it said the government's first home owner's grant of $7000 helped in the decision-making process.