Ambac Downgraded, Cities Seen at Risk
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NEW YORK -- A downgrade of bond insurer Ambac Financial Group Inc. is likely to have far-reaching effects, making it more difficult for cities to issue new bonds and forcing further write-downs at financial services companies, analysts said Friday.
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Prices for single-family homes fell in more than half of the nationâs biggest metropolitan areas in the last three months of 2006.
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The fabled heart of the city's largest manufacturing industry continues to shrink, buffeted by cheap labor overseas, rising rents and an exodus of skilled workers.
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The banks are considering injecting capital into the Ambac Financial Group and assuming some of the risks associated with guarantees written by the company.
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Â· Wealthy rush to enrol youngsters on coursesÂ· Development comes as resentment of City grows
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LESKOVAC, Serbia -- The crumbling factory walls and idle smokestacks that dominate this town are replicated across Eastern Europe, symbols of once-proud industrial centers that fell into decline almost as soon as the Berlin Wall came down.
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MAYO, Sudan  - Hashim Khalil Osman peeks out from  the remains of his hut, partly bulldozed and then patched up  with plastic sacking, to see if help has arrived to alleviate  the misery of life in the slum suburbs of Khartoum.
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Ambac Financial, which insures against sub-prime losses,  abandons share sale
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NEW YORK : Standard and Poor&#39;s downgraded the credit rating of US carrier Delta Air Lines, which had already been considered vulnerable to default.
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Many houses of worship are under threat, crumbling from years of neglect, or becoming targets for acquisition by developers in neighborhoods where choice real estate is scarce.
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The next step in housing's multi-phase crisis could be downgrading the builders to junk status.
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By Curtis Morgan and Amy Driscoll, The Miami Herald Jun. 16--A key component of the Biscayne Landing cleanup appears to have gone sour. That could cost developers and, ultimately, Miami-Dade taxpayers.
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Bond insurer Ambac Financial Group Inc on Tuesday reported a quarterly loss of $3.3 billion after recording massive credit derivative write-downs and setting aside more money for credit losses.
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Bond insurer Ambac Financial Group Inc  on Tuesday reported a quarterly loss of $3.3 billion after credit derivative losses totaling $5.2 billion.
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Hong Kong's worsening air quality is driving down analyst estimates for real estate companies?and could start driving residents away
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Cities around the world are facing the danger of rising seas and other disasters related to climate change.
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The expansion of cities beneath the ground exposes them to flood, fire and other risks, the UN says.