Article: A Look into Borders Group, Inc.

M2 PRESSWIRE-18 January 2008-Market Review: A Look into Borders Group, Inc.(C)1994-2008 M2 COMMUNICATIONS LTD

RDATE:18012008

Thursday opened with a steeper than expected plunge in housing starts and building permits for the month of December. This resulted in a full-year decline in home construction that was the sharpest drop in over 27 years. This coupled with the nation's largest brokerage Merrill Lynch taking a $14.6 billion in write downs on subprime mortgages and on hedges with financial guarantors. With the mortgage meltdown occurring in most cities around the nationnow rents are flattening out in many of the markets worst hit by that housing ...

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