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JPMorgan boosts profit as outlook improves Thursday, July 14, 2011 @ 5:42PMJPMorgan Chase posted a higher-than-expected second-quarter profit as it wrote off fewer bad mortgages and credit card loans.
GOP ad assails Obama for stalled economy Friday, July 8, 2011 @ 2:11AMUnder President Obama, the nation is a downhill roller coaster, a derailing train and a fiery car crash, according to a TV ad released by the Republican National Committee.
Government eases foreclosures for unemployed Friday, July 8, 2011 @ 1:39AMWASHINGTON -- The Obama administration is making it easier for out-of-work homeowners to stay in their homes, as it tries to revamp its troubled foreclosure-prevention program.
Let’s Not Linger in Afghanistan Sunday, July 3, 2011 @ 10:50PMWe’ve achieved our objectives, so our troops can come home sooner.
Fourth of July: Americans Call Country the 'Greatest Nation in the World' Sunday, July 3, 2011 @ 12:46PMA new Gallup poll reports that Americans are starting to think more often about our roots and widely agree that the United States has a unique character because of its history and Constitution.
Bank of America's $40 Billion Lesson Friday, July 1, 2011 @ 8:11AMAs you enjoy your July 4th refreshments, lift a toast of thanks to Bank of America for its almost $40 billion contribution to resolving the mortgage loan debacle that continues to plague the US economy. $40 billion (including a $20.6 billion second-quarter charge) is about the cost that the Wall
Sandy Goodman: Republicans: The Single Greatest Threat to America Tuesday, June 21, 2011 @ 3:17PMThe single greatest threat to the United States is not joblessness, foreclosures, another recession nor skyrocketing debt. No, the single greatest threat to our country is today's Republican Party.
City bets millions on renewal of Johnston Square neighborhood Saturday, June 18, 2011 @ 7:33PMRehab costs, strategy questioned amid push to revive blighted E. Baltimore area The public housing unit Susan Batchelor shares with her teenage daughter on a blighted East Baltimore block has new kitchen cabinets, modern appliances and central air. After years on a waiting list, Batchelor is delighted with the renovated two-bedroom apartment she now calls home.
Arizona prosecutor linked to gun scandal Friday, June 17, 2011 @ 6:05PMThe congressman leading the investigation of a botched federal operation that put weapons in the hands of Mexican drug cartels says the top federal prosecutor in Arizona played a key role. Also on "Sunday Square Off," a close look at the state of Arizona's economy.
Taxpayers back in driver’s seat of managing growth Friday, June 17, 2011 @ 5:38PMThe more the plans fail, the more the planners plan.”
Women Need to Find an Ugly Man to Find True Happiness? Wednesday, June 15, 2011 @ 10:58AM*Experts and amateurs alike are incessantly trying to figure out the dating, marriage, relationship issue. The latest theory is that women are trying too hard to find Prince Charming. It appears that falling for the “frog” would be a better deal than waiting for the Prince. It seems like an easy equation. Boy meets girl, they date, [...]
Most Affluent Black County in U.S. Leads in Foreclosures Wednesday, June 15, 2011 @ 10:28AM*Within the last decade, the idea of owning a home seemed attainable for everyone, but those dreams have been deferred by a real recession. Even in suburbs where people had been doing better than middle class, the more pricey homes seemed to suddenly be within reach. But, it was merely a facade. Prince George’s county, [...]
Economic stress down in US Friday, June 10, 2011 @ 3:25PMMANILA, Philippines — The nation’s economic stress fell to a two-year low in April, thanks to the strongest private-sector hiring in five years and a dip in bankruptcy filings, according to the Associated Press’ monthly analysis. The improved picture for jobs and bankruptcy filings offset a slight rise in foreclosures.
US largest mortgage firms penalized Friday, June 10, 2011 @ 9:18AMThe US Treasury has penalized America's three largest banks for failing to implement a government-sponsored program to modify mortgage loans for distressed homeowners.
Banks faulted for lack of mortgage aid Friday, June 10, 2011 @ 12:12AMWASHINGTON - The Obama administration is blaming the three largest U.S. mortgage lenders for the failures of its foreclosure-prevention program. It says they've done little to help people at risk of losing their homes.
Foreclosure Accord is ’Closer,’ Should Include Monitor, Iowa’s Miller Says Thursday, June 9, 2011 @ 11:18PMIowa Attorney General Tom Miller , the leader of a 50-state probe of foreclosure practices, said a settlement is “closer” and that state and federal officials want a monitor to ensure that banks keep their promises.
Household Worth in U.S. Increases by $943 Billion, Fed Says Thursday, June 9, 2011 @ 5:09PMHousehold wealth in the U.S. climbed by $943 billion in the first quarter of 2011 as rising share prices outstripped declines in home values.
Economic stress in US declines Wednesday, June 8, 2011 @ 3:38AMThe nation's economic stress fell to a two-year low in April, thanks to the strongest private-sector hiring in five years and a dip in bankruptcy filings, according to The Associated Press' monthly analysis.
In 2012, Let's Demand Candidates Adopt a 'Black Agenda' Tuesday, June 7, 2011 @ 10:57AMWhen it comes to looking out for the economic interest of Black Americans do you think that the Obama administration is doing too much, too little or the right amount?
Decline and fall of the American empire Monday, June 6, 2011 @ 5:17AMThe powerhouse of the 20th century emerged stronger from the Depression. But faced with structural weaknesses can the US do it again?
John Nichols: ‘Work for Peace’: A move to bring troops and tax dollars home Thursday, June 2, 2011 @ 6:47AMIt is often claimed that the United States does not have much of an anti-war movement these days. That’s the lie perpetuated by a media that does not care to cover politics or government, let alone activism, in any realistic sense.
Howard high school chasing a dream Saturday, May 28, 2011 @ 11:15PMIt came down to this. One last chance for Howard School of Academics and Technology to prove that its students could learn, that its teachers could teach. One last chance to prove that the school could be what it once was.
TEA Party alive and well Friday, May 27, 2011 @ 4:12PMEditor, Advertiser: Some pendents have been saying that the TEA Party is waning and the era of conservatism is over. This is what the liberals and the ruling class elites want people to think, but ...
US home sales unexpectedly dip in April | Business alerts Thursday, May 19, 2011 @ 10:55AMFewer people purchased previously occupied homes in April. Activity among first-time homebuyers increased and foreclosure sales declined, but those factors weren't enough to signal a recovery in the weak housing market.
Congressional Energy Plan Offers Choice of Bankruptcy or Mercury Poisoning Wednesday, May 18, 2011 @ 3:08PMCOMMENTARY | With gas prices tickling at $5.00 per gallon in some areas, Americans are starting to feel a serious financial pinch. Considering the increasing expense of sometimes daily feedings of our gas tanks, it's a wonder why someone hasn't begun a movement to enable taxpayers to claim their vehicle as a dependent. But while we have been distracted by the rising tide of pump prices, there is ...
Growth conference comes to Phoenix just as the region needs it Tuesday, May 17, 2011 @ 5:13PMMore than 3,000 of the world's top growth experts, real estate developers and investors will converge in Phoenix Wednesday the Urban Land Institute's annual Spring meeting. Members of the prestigious growth think tank aren't here only to discuss Arizona and metro Phoenix's well-known economic and growth issues but many of those including housing, transportation and immigration are on the agenda ...
Storm Clouds Gather for Banks Tuesday, May 17, 2011 @ 12:40PMIt's been a bad year for banks.
County facing $25 million shortfall, credit rating downgrade Monday, May 16, 2011 @ 8:17AMDiminishing property values and a possible credit rating downgrade are forcing DeKalb County officials to reconsider a tax increase.
Marshall Auerback: The Myth That Banks Are Solvent Thursday, May 12, 2011 @ 4:56PMMany financial institutions are hopelessly insolvent, holding mountains of toxic waste that will never be worth anything. So why are we implementing policies that simply maintain a credit-based economy?
US debt ceiling no 'bargaining chip': Fed's Bernanke Thursday, May 12, 2011 @ 4:27PMUS Federal Reserve Chairman Ben S. Bernanke cautioned lawmakers against using the federal debt limit as a “bargaining chip” during budget talks, saying such moves could provoke market instability and harm the economy.
Hollie's Dish of the Week - Hiroshi's Pub Cooks! - 5/12/2011 Thursday, May 12, 2011 @ 2:25AMHiroshi's Pub in Beachwood is celebrating their 1 year anniversary. Hands down, one of the best sushis in town!
Census shows 'middle age drain' making Ohio older Thursday, May 12, 2011 @ 2:22AMSo much for all the worrying about "brain drain." "Middle age drain" is the bigger problem in Ohio.
FDIC’s Bair Will Leave July 8 After ‘Living-Will’ Rule Monday, May 9, 2011 @ 6:14PMFederal Deposit Insurance Corp. Chairman Sheila Bair will leave her post July 8, a week after the official expiration of her term, the agency announced.
Good Economic Indicators: Three Make a Trend? Wednesday, May 4, 2011 @ 5:42PMFor the past year, the economic signs have been decidedly mixed
Hometownstations.com-WLIO- Lima, OH News Weather SportsBusiness Highlights Wednesday, May 4, 2011 @ 5:25PMWASHINGTON (AP) - The U.S economy's service sector grew last month at the slowest pace since August, renewing concerns that more expensive gas and food may be weakening growth.
Justin Coussoule: GOP needs a new identity Wednesday, May 4, 2011 @ 2:40PMWith next year’s presidential election looming, the likely list of Republican hopefuls looks set. Unfortunately for most of them, their baggage is as heavy as the hypocrisy is thick.Imagine listening to thrice-married (and adulterer during the Clinton impeachment) Newt Gingrich espouse the “sanctity of marriage.” Or hearing Mitt Romney lambast “Obamacare” from one side of his mouth while ...
The World is Already Dumping the US Dollar Pt 1 Wednesday, May 4, 2011 @ 12:49PMThe following quotes signal the beginning of the End Game for the US Dollar: "We hope the U.S. government will take responsible policies and measures to safeguard investors' interests," [China’s ministry] said in a statement. “Foreign-exchange reserves have exceeded the reasonable levels that we actually need,” [China’s central bank governor] said. “The rapid increase in reserves may have ...
RANsquawk US Afternoon Briefing - Stocks, Bonds, FX etc. – 04/05/11 Wednesday, May 4, 2011 @ 12:06PMIn “Fight of the Century”, Keynes and Hayek weigh in on these central questions. Do we need more government spending or less?
As Yen Surge Continues, Time For Another G-7 Intervention? Wednesday, May 4, 2011 @ 12:05PMEven as the dollar is plunging to fresh 3 year lows and was on the verge of crossing 1.50 earlier, the inverse is happening with the former carry trade darling, the JPY. As of a few minutes ago, the Yen was up to 80.49 against the dollar: a massive 500+ pip surge from over 85 in early April. More importantly, this is the level where the G7 intervened to weaken the Yen back in March after the ...
As The bin Laden News Has Come And Gone, El-Erian Reminds Us What The Real Issues Are Wednesday, May 4, 2011 @ 12:04PMIn his virtually daily oped, which comes from Time today, Pimco's El-Erian looks at the transitory impact from the bin Laden news, and how even as it has come and gone, nothing has really changed. Bin Laden Is Dead. Now It's Time to Fix the Economy, by Mohamed El-Erian One of the most notable outcomes of the dramatic news that Osama bin Laden has been killed is the feeling of unity across the ...
Economic Indicators: Is Three a Trend? Tuesday, May 3, 2011 @ 11:19PMFor the past year, the economic signs have been decidedly mixed. One week consumer confidence would go up, but manufacturing production would drop. The stock market would go up, but retail purchases would go do. Recently, the job market has been showing signs of life, but the economy in the first quarter, as measured by [...]
US sues Deutsche Bank, alleging mortgage fraud Tuesday, May 3, 2011 @ 8:01PMNEW YORK: The federal government sued Deutsche Bank on Tuesday, saying the bank committed fraud and padded its pockets with undeserved income as it repeatedly lied so it could benefit from a government program that insured mortgages.
US Feds sue Deutsche Bank Tuesday, May 3, 2011 @ 6:57PMThe US govt has sued Deutsche Bank, saying the bank committed fraud using govt programs.
Deutsche Bank sued by US Govt in mortgage fraud probe Tuesday, May 3, 2011 @ 4:24PMThe US federal government has sued Deutsche Bank, saying the bank committed fraud and padded its pockets with undeserved income as it repeatedly lied so it could benefit from a government programme that insured mortgages.The lawsuit...
US sues Deutsche Bank Tuesday, May 3, 2011 @ 2:35PMTHE US government sued Deutsche Bank today, saying the bank committed fraud and padded its pockets with undeserved income as it repeatedly lied so it could benefit from a government program that insured mortgages.
US sues Deutsche Bank in billion-dollar fraud case Tuesday, May 3, 2011 @ 12:21PMThe United States is suing Deutsche Bank for mortgage fraud. In a civil complaint filed in a US district court, the US government accused the bank of repeatedly lying to be included in a federal program for mortgages.
Subprime Mortgage in Bronx Building Where 3 Died in Fire Thursday, April 28, 2011 @ 2:30PMIllegally constructed walls blocked three residents from a fire escape; lenders on the foreclosed property were legally responsible for maintaining it.
Expect Volatility in the Silver Price to Persist Wednesday, April 27, 2011 @ 11:36AMIt was a mixed day here in St. Louis as the clouds and rain finally gave way to sunshine as I left the office last night. The same can be said about the markets, with currencies rising on the day while commodities traded lower.
Daily Pfennig: Waiting for Ben... Wednesday, April 27, 2011 @ 7:55AMIn This Issue. And, Now, Today's Pfennig For Your Thoughts! Waiting for Ben... Good day...And a Wonderful Wednesday to one and all. As Chuck mentioned yesterday, both he and Chris are down in Panama for a conference and speaking engagements, so I'll be with you for the rest of the week.
As Florida House focuses on abortion, guns and religion, Democrats ask: Where are the jobs? Wednesday, April 27, 2011 @ 6:43AMTALLAHASSEE — In a year where lawmakers promised to focus on jobs, jobs, jobs, the Republican-led Florida House spent more than seven hours Tuesday talking about abortion, guns, gambling and religion.