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The cloud of Knowledge reminds to the nightmare of 9/11

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MVDRV Arquitecture Studios have recently created a polemic building. The cloud of Knowledge. Two high-rises connected by a “pixelated cloud” structure that, tragically, calls to mind the kinds of images you don’t really want to call to mind when looking at a new set of twin towers: the 9/11.

The Guardian publishes the top 5 blogs on Housing

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The Guardian, in its section of Housing Network, published an article which informed of the best media maelstrom over the housing strategy.

Here is The Guardian top 5:

1. 'Welfare reform – there is a choice', David Orr for the National Housing Federation blog.

2. 'From festival trash to housing stash', The Social Issue.

3. 'You can't defeat stereotypes by repeating stereotypes', Red Brick Blog.

4. 'The strange death of social housing', Patrick Butler's Cuts Blog.

5. 'You know you're an innovator when...', Social Housing Comms.

Good ideas to decorate your home terrace 

We are planning to serve as a decoration guide to your home. We've covered staircases, bathrooms, bedrooms, kitchens and much more in our News Channel. Today, we bring you some good ideas for your home terrace.

Hope you enjoy them!

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...continue reading "Ideas to Decorate your Home Terrace"

 The IRS tax will substitute Euribor next April 2012 in Spain

irsAs it appears today in The Washington Post, central banks expand system of ‘swapping’ money to ease credit crunch. The Interest Rate Swap (IRS) tax will substitute Euribor next April 2012 in Spain.

The Washington Post explains it this way: "The swap lines are a global form of the central bankers’ “lender of last resort” role, backing the world banking system.

The way it works is the Fed lends dollars to, say, the ECB, in exchange for euros of comparable value. The ECB pays interest, and lends out the dollars to banks in the euro currency area that have obligations in dollars but are temporarily unable to borrow dollars to meet them.

The swap lines themselves are not new — they were first introduced in December 2007 in response to deepening difficulties of banks funding themselves. They were used in vast amounts during the financial crisis in the fall of 2008 and were reintroduced in May 2010 when Europe’s financial troubles worsened".

Substituting Euribor with the Interest Rate Swap tax, though, will make Spanish banks interest grow up to one point. Consequently, homebuyers will end up paying higher interests in their mortgages.

Not so sure this will make things easier for mere citizens. 

Several real estate experts in Spain have made suggestions about how the new government can boost the country's property sector.

taxesChanges to taxation is supposed to be the way forward to boost Spanish Property Market.

The previous government cut the value-added tax payable on new-build houses in the nation by 50 per cent in a bid to boost the real estate market.

Buyers can take advantage of the reduction until December 31st 2011, when the tax will revert back to its previous level of eight per cent. The VAT reduction means a saving of up to 8,000 Euros (US$ 11,500) on a 200,000 Euro (US$ 288,420) property.