Foreclosures take toll in Lincoln, nation (Lincoln Journal Star)
Gary Thompson recalls a recent trip to check on a foreclosed home east of Lincoln. As he left the house, a neighbor approached. “Are you going to start cutting the grass now?” the man asked.

Betting on bad mortgages (Contra Costa Times)
When Vacaville homeowner Christopher Aultman stopped writing mortgage checks, Charles Prince of Citigroup Inc. paid. Some of the $16.6 billion that Prince's New York-based bank estimates it lost on wrong-way subprime bets flowed to investors who for the first time were able to wager that U.

The high cost of jumbo mortgages (Newsday)
When Allan Press started looking for a new home in the spring, he was approved for a $561,000 mortgage at a 6 percent interest rate.

Lender lobbying blitz abets mortgage mess (Deseret Morning News)
During the housing boom, the subprime industry succeeded at more than just writing mortgages. It also shot down efforts by some states to curtail risky lending to borrowers with spotty credit.

Cedar Shopping Centers Issues Guidance for 2008 (Centre Daily Times)
Cedar Shopping Centers, Inc. (NYSE: CDR) today announced guidance with respect to its existing operations for calendar year 2008 (a) for net income applicable to common shareholders, $0.33 to $0.37 per share, and (b) for Funds From Operations ("FFO"), $1.22 to $1.26 per share/OP Unit. The Company's guidance excludes any impact on FFO or net income applicable to common shareholders from new or ...

South Africa: Hearing Kali's Footsteps Amid Pyramids of Debt (AllAfrica.com)
IN INDIAN mythology, we are in the Age of Kali -- the last age. The world ends when Kali dances the dance of death.

LA Shooting Suspect Detained At San Ysidro Crossing (KGTV San Diego)
Federal agents at the San Ysidro Port of Entry arrested a Pacoima man when they determined that he was wanted on an attempted murder warrant out of Los Angeles County, authorities announced Wednesday.

Cedar Shopping Centers Issues Guidance for 2008 (PR Newswire via Yahoo! Finance)
Cedar Shopping Centers, Inc. today announced guidance with respect to its existing operations for calendar year 2008 for net income applicable to common shareholders, $0.33 to $0.37 per share, and

O.C./L.A. home prices down 8.8% in October (Orange County Register)
Single-family home prices for year are down, according to S&P Case/Shiller index for two counties.

In Europe, Tighter Lending but Not a Squeeze (NYTimes.com via Yahoo! Finance)
An outright credit squeeze has not arrived in Europe, but some bankers there are finding it trickier to navigate the global credit crisis.