This will not come as news to our Twitter followers (tweetees?), but we spent last weekend at the annual economics convention, held this year in Denver. Every January we buttonhole economists of various stripes and political persuasions to…
This will not come as news to our Twitter followers (tweetees?), but we spent last weekend at the annual economics convention, held this year in Denver. Every January we buttonhole economists of various stripes and political persuasions to pose…
We've devoted a fair portion of our reporting over the past year to home ownership and foreclosure. Some of those stories ran again, with updates, during the last week of the year. Today comes the official tally for…
Paul Solman answers questions from NewsHour viewers and web users on business and economic news most days on his Making Sen$e page. Here's today's query: Name: Charles, San Francisco, Calif. The Fed Chairman and President Obama often…
Paul Solman answers questions from NewsHour viewers and web users on business and economic news most days on his Making Sen$e page. Here's today's query: Name: Paul, El Cerrito, Calif. I have been a dedicated viewer of…
I was all set to label our monthly post on the unemployment data "Hold Your Horses" or "Not So Fast," a warning not to overplay the apparently sizable drop in the official unemployment rate from 9.8 percent to 9.4. But…
Rounding out our series today, those of you considering strategic default might find particular encouragement from the web chat with law professor Brent White of the University of Arizona, who thinks it is both legally and morally okay.
More from the strategic default debate today. Economist Luigi Zingales of the University of Chicago, also in our original story, argues there are damaging spillover effects ("negative externalities") when homeowners strategically default. "By walking away, not only do you…
More from the strategic default debate today. Economist Luigi Zingales of the University of Chicago, also in our original story, argues there are damaging spillover effects ("negative externalities") when homeowners strategically default. "By walking away, not only do you…
We've been concentrating on the housing crisis over the past several days here on the Business Desk. For the rest of the week we'll be focusing on the issue of strategic default. If you're an underwater homeowner who can afford…
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