Knowledge is Power: UK Housing Picking Up? Edition

1.Korea’s Ministry of Strategy and Finance reveals details of its $19.6 billion plan for the economy’s new growth engines. Korea announces boost to services sector

2. The FDIC’s Deposit Insurance Fund has plunged to an all time low of just $13 billion as of March 31, or 0.27% of $4.8 trillion in insured deposits. It is worth nothing that since March 31, 15 new banks have failed which includes the biggest one so far this year, BankUnited (which Marla has a special fondness for in her heart and will be providing some ongoing entertainment on).FDIC’s Deposit Insurance Fund Reserve Ratio Plunges To 0.27% Of Deposits

3.May 29 (Bloomberg) — Sheila Bair, chairman of the Federal Deposit Insurance Corp. and a lifelong Republican, boarded Air Force One for the first time in February. Neither President George H.W. Bush nor his son, President George W. Bush, had invited her on the world’s most famous jet in the five years she worked for them. Bair Becomes Bane of Too-Big-to-Fail Banks as Enforcer Geithner Must Trust

4.Britain’s finances are indeed a mess, but the economy is no worse than the rest of Europe and the United States — and housing is even picking up speed.Why Britain May Fare Better Than Expected

5.LONDON–The British government says more than 35,000 new cars have been ordered through its new car scrappage program since it was launched a month ago.

The government and car industry are sharing costs to offer discounts of 2,000 pounds ($3,550) to new-car buyers who trade in a model more than 10 years old.35,000 take advantage of U.K. scrappage program

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