Nov 7th 2011 12:15PM
WASHINGTON -- The wealth gap between younger and older Americans has stretched to the widest on record, worsened by a prolonged economic downturn that has wiped out job opportunities for young adults and saddled them with housing and college debt. The typical U.S. household headed by a person age 65 or older has a net... Continue Reading »
Sep 6th 2011 9:00AM
In the conventional wisdom, there is nothing President Obama can do to put Americans back to work in large numbers. He is a president supposedly held hostage by vengeful politics, holed up in a White House surrounded by lunatics and impotent hacks, with congressional combat rendering meaningful action... Continue Reading »
Jul 27th 2011 2:27PM
Back in the pre-bust days, big companies paid to move their new hires to wherever the job was located. In some cases, the company would even buy the new employee's house outright, knowing that it could plant a "for sale" sign on the lawn and have the house resold in weeks, if not days. And then came the recession.... Continue Reading »
Jul 8th 2011 2:11PM
Loan servicers collecting payments on FHA-backed loans must allow qualified borrowers who lose their jobs to miss up to a year of mortgage payments before starting foreclosure proceedings against them, the Obama administration announced Thursday. The FHA's current three to four months of required unemployment forbearance... Continue Reading »
Apr 29th 2011 4:22PM
The housing market is one of two main factors hindering an economic recovery, Ben Bernanke told a luncheon audience in Arlington, Va., today. The Federal Reserve chairman said, "In some areas, for example, high foreclosure rates have produced significant numbers of vacant properties, depressing surrounding home prices,... Continue Reading »
