Clarence Ridgley is the most popular guy on his block, and it's all thanks to his lawn. In April, Ridgley transformed his neatly trimmed yard into a garden of tomatoes, blueberries, strawberries, lettuce, beets and herbs. And because the plot sit
U.S. stocks tumbled, sending the Dow Jones Industrial Average to its worst June since the Great Depression, as record oil prices, credit-market writedowns and a slowing economy threatened to extend a yearlong profit slump.
... Tulips Pale in Comparison If you are one of the hundreds of thousands of Europeans who own speculative real estate, you tread the crumbling edge of a huge cliff."
(Just the beginning)
Whenever regulatory schemes of the state go awry, urgent campaigns are undertaken to find scapegoats upon whom to unload explanations for the ensuing failures. Someone other than government regulators must be held to account
Nine percent of respondents said the country's economic condition has become better off since Bush became president, compared with 75% who said conditions had worsened.
“It has been horrible,” said Earlinda, a Realtor in Reno, Nev. “We now have a ‘tent city’ because the homeless shelters are overloaded."
Usually sales increase in the spring - but not this year. The previous worst spring on record was 1982 - in the midst of a severe recession, with 30 year fixed mortgage rates at 17%, and close to double digit unemployment.
...the head of China's central bank said the United States used to be a model for how to manage an economy, but was of interest now because of mistakes it made that caused the subprime mortgage crisis.
WASHINGTON, June 25 (Reuters) - The U.S. Federal Reserve resumed a two-day policy meeting on Wednesday that was expected to end with benchmark interest rates on hold and little evidence the central bank is going to raise borrowing costs soon.
Boyle and his wife must drive nearly an hour to their jobs in the high-tech corridor of southern Denver. Boyle recently paid $121 to fill his pickup truck with diesel. The price of propane to heat their spacious house has more than doubled in recent
US consumers could be hit hard by new security laws demanding that all cargo containers bound for the United States be scanned for radiation or weapons, a senior US customs official said. The measures, which Congress has demanded must
Conservative "Blue Dog" Democrats are concerned about how to pay for the measure, while members of the Congressional Black Caucus _ most of them liberal _ call it "unacceptable," arguing it doesn't do enough to address the nee
Signs are growing that the U.S. government may allow farmers to plant crops on millions of acres of conservation land, while a chorus of voices is also pleading with Washington to cut requirements for ethanol production.
The Dow is down 464.66, or 3.78 percent. - The S&P is down 42.10, or 3.10 percent. - The Nasdaq is down 48.41, or 1.97 percent.
(This site cuts through the MSM BULLSHIT that they are soooo infamous for)
Property values in U.S. cities are expected to tumble by $1.46 trillion in 2008 due to the housing downturn and subprime mortgage crisis that has pushed the U.S. economy to the brink of recession, American mayors were told.
The new NOD’s will bring about 34,650 new homes that go back to the bank as shadow inventory 4-5 months from now. In the past 4-months, 167k notices-of-default were filed, meaning 133,500 homes will go back to the bank in the next 5-months....
Surging fuel prices are forcing cities across the United States to cut back on services and dip into cash reserves to keep their fleets on the road. The average retail price of diesel used in city buses and garbage trucks has shot up 65 percent over
If you read this and don’t agree that the proposed arrests for fraud should be made, then the likely explanation is that you are either brainwashed, ignorant of the facts, a patsy, or in cahoots with the crooks. Or maybe you have the brain of a head
NEW YORK -- Two former Bear Stearns portfolio managers were charged Thursday with misleading investors about the perilous state of hedge funds that later tanked, losing more than $1 billion and fueling the subprime mortgage collapse that contributed
When I heard that federal authorities had arrested the people that the government tells us were responsible for much of the subprime meltdown, I anxiously awaited the perp walk that would befall some notorious characters. Ben Bernanke wearing handcuf
Rising mortgage rates, reflecting higher inflation, are starting to compound the US housing market's woes. Since March, mortgage rates have climbed as much as a full percentage point. For someone borrowing, say, $400,000, that could tack an extra
A broad bipartisan coalition supporting a massive foreclosure rescue beat back GOP efforts to gut it Thursday, defying a White House veto threat and a bid to make it victim to revelations about two senators' VIP mortgages.
While this system became a huge and vital source of money to fuel the U.S. economy, the subprime mortgage crisis and ensuing credit crunch exposed a major flaw.
Democrats called for the government to own refineries so it could better control the flow of the oil supply. We (the government) should own the refineries. Then we can control how much gets out into the market.
More than 400 real estate industry players have been indicted since March - including dozens over the last two days - in a Justice Department crackdown on incidents of mortgage fraud nationwide that have contributed to the country's housing crisi
Treasury Secretary Paulson plans to call for the Federal Reserve to be given new, explicit powers to intervene in the workings of Wall Street firms to protect the financial system, adapting his vision of how the financial world should be regulated to
Consumers were warned to expect even sharper increases in global food prices after US officials said that some of the country’s best farmland was facing its worst flooding for 15 years.
John Paulson, founder of the hedge fund company Paulson & Co., said global writedowns and losses from the credit crisis may reach $1.3 trillion, exceeding the International Monetary Fund's $945 billion estimate.