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Some cities bet casinos would boost economy Monday, March 8, 2010 @ 1:05PMLANSING: Jobs are hard to come by in Benton Harbor, a recession-ravaged town of 10,800 on the Lake Michigan shoreline. The city has lost more than 15 percent of its population in the last two decades. The local government's budget situation is so bad the state might appoint an emergency financial manager.
Iris Martin: The United States Can Learn a Trick or Two From Shaun White Sunday, March 7, 2010 @ 8:00PMIf Shaun White's Double Mc Twist 1260 on a twenty-two foot icy half pipe isn't a thrust toward ascension, then what is?
Some MI cities bet casinos would boost economy Sunday, March 7, 2010 @ 6:05PMLANSING, Mich. (AP) — Jobs are hard to come by in Benton Harbor, a recession-ravaged town of 10,800 on the Lake Michigan shoreline. The city has lost more than 15 percent of its population in the last
Plain Dealer wins design awards; business reporter also recognized Sunday, March 7, 2010 @ 9:14AMThe paper places in the top 10 in the Society for News Design's 31st annual Best of Newspaper Design Creative Competition.
Culver backs adding casinos Friday, March 5, 2010 @ 4:16AMThe governor urges approval of four new licenses. Regulators are slated to vote May 13.
Foreclosure Auctions are White Hot as They Sweep the Nation Friday, March 5, 2010 @ 2:42AMIndustry Giant REDC Auctioning Foreclosures at a Record Pace (PRWeb Mar 5, 2010) Read the full story at http://www.prweb.com/releases/2010/03/prweb3689074.htm
Denver area bucks slide in pending home sales Friday, March 5, 2010 @ 2:09AMThe number of contracts to buy previously owned U.S. homes unexpectedly declined in January, showing that the extension of a tax credit is sparking little interest.
Loss of freedom yields fascinating fight Friday, March 5, 2010 @ 1:56AMFew recent domestic newsworthy events have so clearly manifested the nature of the political divide in America as the televised discussion over health care between Republicans and Democrats last week. Freedom and equality went head to head, and only civility seems to have won, but just barely.
Peninsula readers' letters: March 5 Friday, March 5, 2010 @ 1:49AMLetters from Daily News readers.
Local foreclosures rise Friday, March 5, 2010 @ 1:06AMHome foreclosures in the Scranton/Wilkes-Barre area continued a steady increase in January, rising to 2.52 percent, according to figures released by industry analyst First American CoreLogic. That compared to a rate of 2.44 percent in December and 1.95 percent in January 2009. The rate had dipped to 1.86 percent in February 2009 before resuming its climb.
Is the recovery real? Thursday, March 4, 2010 @ 11:54PMHappy news! The government has come up with a 5.9 percent GDP growth rate in the fourth quarter of 2009. The recession is over. Or is it? Statistician John Williams has informed us that 69 percent of this growth, or 4.1 percentage points, is the result of inventory accumulation.
Which banks are most battered by mortgages? Thursday, March 4, 2010 @ 10:35PMNumber of delinquent mortgages, by lender, and the percentage granted permanent mortgage modifications:
Santa Cruz County median home price $480,000 in January Thursday, March 4, 2010 @ 9:15PMSANTA CRUZ - Kristin Klempnauer thought her choice of a teaching career meant she would never own a home.
Premium Public Employment era is coming to an end Thursday, March 4, 2010 @ 9:04PMWhen I hear that the Gilroy Fire Department union leadership is flat-out rejecting good-faith city efforts to re-open contract negotiations, it's an absolute wonder ... so buried in the sand that it can only be arrogance. Look around guys, layoffs, concessions, foreclosures and government deficits abound. Unfortunately, it seems the only solution for the city is to take a hard-line approach ...
Bankers group sees signs that foreclosures are slowing Thursday, March 4, 2010 @ 9:36AMMar. 4--Although the number of local foreclosures filed last month were just slightly lower than the month before, some believe the nation's housing market is beginning to turn around.
Pending Sales of U.S. Existing Homes Fell 7.6% in January Thursday, March 4, 2010 @ 9:30AMMarch 4 (Bloomberg) -- The number of contracts to buy previously owned U.S. homes unexpectedly fell in January, showing the extension of a tax credit is sparking little interest.
Area condo sales lag behind state Thursday, March 4, 2010 @ 8:25AMWORCESTER - Condominium sales statewide have shown gains during the first two months of the year, with sales and prices rising significantly, but in Worcester, sales were down in December and January, while median prices showed some improvement.
Pending Sales of Existing U.S. Homes Probably Climbed (Update1) Thursday, March 4, 2010 @ 8:10AMMarch 4 (Bloomberg) -- The number of contracts to buy previously owned U.S. homes probably rose 1 percent in January for a second month, showing the extension of a tax credit is sparking limited interest, economists said before a private report today.
Citigroup exec to back reforms Thursday, March 4, 2010 @ 8:09AMCitigroup Inc. Chief Executive Vikram Pandit will today endorse broad regulatory reforms to prevent another banking meltdown. In testimony before the Congressional panel overseeing the rescue of th...
Citi CEO Pandit: TARP 'built a bridge over the crisis' Thursday, March 4, 2010 @ 7:56AMCitigroup Inc. (C) Chief Executive Vikram Pandit is expected to reiterate to a congressional panel Thursday that Citi is on a sound foundation, and that he supports regulatory reform that would strengthen consumer protection.
Tuesday - Bill Gross Gives Us 90 Seconds Thursday, March 4, 2010 @ 7:33AMwhile emergency deficit spending may work over the short-run - "Based on existing deficit trends and
U.S. Census Bureau to ramp up operation and is looking to hire workers Sunday, February 28, 2010 @ 4:11AMThe once-in-a-decade count of the nation's population is approaching, and the U.S. Census Bureau is hiring people to complete its Nevada staff.
Stimulus Can't Slow Black Foreclosures Sunday, February 28, 2010 @ 3:04AMEquity rich but cash poor black households hardest hit by the crippling subprime lending scheme have benefited less than predatory financial institutions from stimulus dollars meant to help them recover, say fair lending advocates and loan modification analysts.
State legislative leaders, governor reach budget deal Sunday, February 28, 2010 @ 1:45AMDemocratic and Republican lawmakers, as well as Gov. Jim Gibbons, reached a tentative deal to close an $887 million shortfall late Saturday, suggesting an end to the legislative special session by Gibbons’ Sunday night deadline.
Home Prices in U.S. Drop 1.2%, Smallest Decline in Two Years Thursday, February 25, 2010 @ 10:00AMFeb. 25 (Bloomberg) -- U.S. home prices fell 1.2 percent in the fourth quarter from a year earlier, the smallest loss in two years, as a federal tax credit for homebuyers boosted demand.
Fed Chairman Bernanke sees low rates amid signs of weak rebound Thursday, February 25, 2010 @ 8:02AMWASHINGTON—New signs emerged Wednesday that the economic rebound is sputtering. Sales of new homes hit a record low last month. And mortgage giant Freddie Mac signaled it will need more federal aid—and might never repay it.
Freddie Mac's Net Loss Widens Thursday, February 25, 2010 @ 7:25AMFreddie Mac sees its loss widen.
Auburndale Chamber board says it's against Amendment 4 Thursday, February 25, 2010 @ 7:17AMAUBURNDALE - The Auburndale Chamber of Commerce has come out against a Florida ballot initiative that would allow voters to have a direct say on whether local governments can change their comprehensive land-use plans.
Data: Owe money Search delinquent Wisconsin taxpayers Thursday, February 25, 2010 @ 6:32AMThe Post-Crescent has compiled databases on a variety of topics. Click on the headline to view several featured databases.
Rialto official warns city has three years until financial crisis Sunday, February 21, 2010 @ 7:46PMRIALTO - The top manager believes the city could face a financial crisis in three years unless employee bargaining groups agree to sweeping concessions.
International Forecaster February 2010 (#6) - Gold, Silver, Economy + More Sunday, February 21, 2010 @ 2:28PMThe following are some snippets from the most recent issue of the International Forecaster. For the full 42 page issue, please see subscription information below.
Schlumberger buying Smith Int'l in $11.3 billion deal Sunday, February 21, 2010 @ 12:59PMNEW YORK (Reuters) - Schlumberger Ltd agreed to buy Smith International in a $11.34 billion all-stock deal that will boost the oilfield services leader's revenue to double that of its nearest rival.
In and Around the Capitol Sunday, February 21, 2010 @ 7:38AMLawmakers in the Capitol are working to save a Mississippi delicacy: the sweet potato.
Many on City Council know it's time for radical change in how Cleveland is governed: Brent Larkin Sunday, February 21, 2010 @ 7:08AMFour longtime Cleveland City Council members say the city is in trouble, and action must be taken soon.
Local recovery weak, but under way Sunday, February 21, 2010 @ 6:50AMFew were sorry to bid farewell to 2009, a year of lingering uncertainty and economic distress in the Charlotte region and across the nation.
As GM shutters a plant, an area in decline struggles to imagine a future Sunday, February 21, 2010 @ 6:04AMThis article about the area's economy, first appeared in the Feb. 8, 2010 issue of The Nation, which granted the News Journal permission to reprint it in its entirety.
Less foreclosures on tap Sunday, February 21, 2010 @ 2:16AMSaturday February 20, 2010 WASHINGTON - The end of the foreclosure crisis is finally in sight. For the first time in almost three years, the number of homeowners falling behind on their loans is declining.
Drywall ruinous to local families Sunday, February 21, 2010 @ 1:02AMPALM BAY — The acrid odor from behind their walls at times made them sick, and something seemed to be etching their chandeliers, piping and jewelry.
Cape Coral swim complex would be costly Friday, February 19, 2010 @ 12:10AMThe money generated from national events would help a community among the national leaders in foreclosures.
Main Street Monroe fed up with bickering in Other Washington Friday, February 19, 2010 @ 12:07AMAsk the mood of the voter and small business owners of every political stripe in Monroe, Snohomish County, had this much in common: They believe America is a great country, but badly off track. And its leaders need to quit bickering and help the country through a true crisis.
Does deal with feds encourage foreclosures? Thursday, February 18, 2010 @ 11:33PMA bank can make a bigger profit by foreclosing on a homeowner rather than modifying the mortgage, according to two California real estate entrepreneurs. They blame a sweetheart deal that a new bank negotiated with the Federal Deposit Insurance Corporation (FDIC).
USDA to Pay Black Farmers $1.25 Billion for Loan Bias (Update3) Thursday, February 18, 2010 @ 10:16PMThe U.S. Department of Agriculture agreed to pay $1.25 billion to settle more claims by black farmers who said they were discriminated against in federal farm loan programs.
HUD's Shelley Poticha Discusses Sustainable Development Thursday, February 18, 2010 @ 9:33PMPoticha, who is director of HUD’s newly created Office of Sustainable Housing and Communities, speaks on land use, transit patterns, economic recovery, and the government’s vision for a healthier built environment.
Barbecue to sort out legal issues Thursday, February 18, 2010 @ 7:19PMOVER 40 people attended an information barbecue luncheon held in Anderson Park yesterday for the ex-workers of Burrangong Meat Processors.
Placer County set to launch federally funded housing program Thursday, February 18, 2010 @ 7:11PMPlacer County is set to launch a program that seeks to reduce the number of vacant, bank-owned houses in unincorporated neighborhoods while helping residents with low or moderate incomes purchase homes. The initiative is part of a federally funded effort known nationwide as the Neighborhood Stabilization Program. Its primary goal is stabilizing communities hard hit by foreclosures by acquiring ...
'Bribes' often needed to prevent mortgage defaults or destruction of homes Thursday, February 18, 2010 @ 7:00PMPrograms are paying defaulting homeowners just for promising not to destroy property.
Audit Notes: An NYT Dud on Regulators; A Good Day for M&I; FT on AIG; HuffPo on Mortgages, etc. Thursday, February 18, 2010 @ 6:34PM—Dean Baker is right to criticize the Times story this morning that reported on talks to set up a financial systemic-risk regulator.
Obama administration reaches deal for black farmers Thursday, February 18, 2010 @ 6:32PMMore than $1 billion will be set aside for those who alleged loan discrimination by the Department of Agriculture. The agreement would allow the workers to seek damage awards or debt relief. The Obama administration agreed Thursday to provide $1.25 billion to compensate African American farmers who alleged racial discrimination by the Department of Agriculture farm loan programs.
The only thing we have to fear is (irrational) fear of the deficit Thursday, February 18, 2010 @ 12:35PMTop of the News: President Obama has named a bi-partisan panel to make recommendations about cutting the federal deficit. This should be interesting in an era where the Senate is broken, the old GOP that held moderates and even liberals is gone, and the Democrats are running away like hysteric teenagers in a slasher film despite their majority.
Mortgage Rate Trend Index Thursday, February 18, 2010 @ 11:28AMWill rates rise or remain relatively unchanged? Experts and Bankrate analysts provide their insights.