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March 9, 2010
Mar. 9--ARLINGTON, Va. -- Putting political pressure on the nation's banks, Federal Deposit Insurance Corp. Chairwoman Sheila Bair called Monday for borrowers to identify and report banks that aren't lending to consumers and small businesses. After a speech on other topics, Bair spoke about tight credit conditions in response to a question at a gathering of business economists just outside the nation's capital. "A light needs to be shined on this and explanations need to be made where credit is not being provided," Bair told members of the National Association for Business Economics.
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This is what $23.5 million will buy you in Raleigh, N.C., these days: The highest-end new-home community in Wake County with 323 single-family lots once worthy of $4 million spec homes, a Tom Fazio-designed golf course with a $5 million pro shop, a 13,000-square-foot family activity clubhouse, and walking trails.
March 8, 2010
WASHINGTON - Greece is a financial basket case, begging for international help. Many of the same risky financial practices that now imperil the Greeks were at the center of the all-too-recent U.S. meltdown.And in the U.S., as in Greece, a large portion of that debt is owed to foreign investors.
March 9, 2010
WASHINGTON - Legislation to give additional months of unemployment benefits to people who have been out of a job for more than half a year cleared a key hurdle Tuesday that guarantees it will soon pass the Senate.It would add $132 billion to the budget deficit over the next year and a half.The measure illustrates the great extent to which direct help for the jobless and the poor makes up a large portion of Democrats' election-year agenda on jobs - and that it threatens to squeeze out other items on that agenda amid concerns about a budget deficit projected at a record $1.6 trillion this year.
March 9, 2010
For almost a year, homes next to his were abandoned. What is happening to Village Road in Moreno Valley's Sunnymead Ranch is being repeated on thousands of streets throughout Inland Southern California, a region reeling from a tsunami of foreclosures. Moreno Valley, a city whose low-priced housing is especially attractive to first-time buyers and investors, provides a window into the turbulent housing market left in Riverside and San Bernardino counties after real estate prices collapsed.
March 7, 2010
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