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 . '/' . substr('9780375708770',-6,3) . '/' . '9780375708770' . '.jpg'; ?>)
By Gore Vidal
$18.00
By Rachel Corrie
$16.29
$18
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John Darkow, Cagle Cartoons, Columbia Daily Tribune, Missouri —
Posted on Jun 2, 2013
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Ian Muttoo (CC BY-SA 2.0)
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Homeownership is at its lowest level in 18 years, but housing prices are rising. Why? Because banks are creating real estate scarcity by buying up homes and selectively stalling foreclosures.
Posted on May 3, 2013
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Concrete Forms (CC BY 2.0)
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Just in time for the election, the Commerce Department reported that construction starts on houses and apartments in September increased at the fastest rate since the beginning of the recession.
Posted on Oct 17, 2012
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Flickr / dherrera_96
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Texas Gov. Rick Perry points to his hyper pro-business policies to explain the fact that 37 percent of the nation’s new jobs created over the last two years were in his state. New York magazine has another suggestion though: the region’s multibillion-dollar drug trade. (more)
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AP / Susan Walsh
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This is not really the kind of headline we want to read about the Federal Reserve right now, but top banana Ben Bernanke acknowledged at a news conference Wednesday that the Fed was “caught off guard by recent signs of deterioration in the economy.”
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By Eugene Robinson — What is it about the word jobs that our nation’s leaders fail to understand? How has the most painful economic crisis in decades somehow escaped their notice? Why do they ignore the issues that Americans care most desperately about?
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AP / Mark Lennihan
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By Robert Scheer — A most dastardly deed occurred last Friday when the Obama administration issued a 29-page policy statement totally abandoning the federal government’s time-honored role in helping Americans achieve the goal of homeownership.
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AP / J Pat Carter
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October wasn’t a good month for sales of single-family homes in the U.S.—in fact, it was pretty dismal—and you know it’s bad when number-crunching economist types say there’s nothing good to say about not only the current moment but the foreseeable future as well.
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Flickr / Torley(CC-BY-SA)
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In a welcome and much-needed turn of events for struggling American homeowners, all 50 state attorneys general are banding together to crack down on such sketchy foreclosure practices as “robo-signing,” as Forbes reported Wednesday.
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Reuters
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More evidence that the economy is still very shaky came Tuesday in the form of news about a startling dip in sales of existing single-family homes during July, which marked the lowest point in that market in 15 years.
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Apparently Treasury Secretary Tim Geithner wants more for his home than he paid for it—in this market. The “Daily Show’s” John Oliver asks, “How can the American people trust the policies of a man who can’t sell his house? ... Is it not like hiring a personal trainer who is morbidly obese?”
Posted on Jul 30, 2009
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Flickr/respres
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The Obama administration is trying to pressure mortgage companies to move quicker in lowering payments for homeowners facing foreclosure. But many observers believe lenders are dragging their feet because they collect lucrative junk fees on the delinquent loans.
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In a bid to interact more directly with the public at large, the Obama administration once again turned to the Web, inviting Americans to submit questions for Thursday’s online “town hall” meeting. Here President Obama sets the stage with his opening remarks, discusses helping homeowners and considers whether marijuana should be legalized.
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willows-journal.com
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While $700 billion was given to the banks and credit institutions that haphazardly pushed forward our current economic fiasco, millions of homeowners at risk of foreclosure may now be given only about one-tenth of that figure—$75 billion—in an effort to slow the deterioration of the housing market.
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foreclosurewearhouse.com
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Congress to the rescue! Mortgage lending giants Fannie Mae and Freddie Mac are being propped up in their time of dire need, thanks to a bill passed Saturday that will lift the world’s two largest financial institutions out of immediate danger and help some homeowners handle mortgage crises.
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Flickr / sfadden
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The housing market is continuing its descent into Slumpsville, judging by the way things have gone over the first quarter of 2008, and indicators don’t look good for the immediate future, either. American homeowners have been forced into foreclosure in record numbers this year and late payments have soared to a new high.
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France 24
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Those hoping for better news about the state of the U.S. economy—not to mention the bigger picture—aren’t going to hear it from former Fed chair Alan Greenspan anytime soon, judging by his ominous forecast released Monday.
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Quelle Surprise! Haiti on the Mend
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