Oct 27 Watch French Parliament Passes Retirement Reform Despite heated street protests, France's parliament voted in favor of pension reform, including an increase in the retirement age from 60 to 62. Continue watching
Oct 27 Pensions Pose Major Challenge for Governments Worldwide From France to San Francisco, pension reform is hot. What once was an arcane, wonky topic has become a political and social flashpoint in elections and - as in France - in the streets. Across the nation,… Continue reading
Oct 27 Your Mortgage Questions Answered: Consumer Lawyer Max Gardner Editor's Note: In Show Me the Mortgage, Paul Solman talked to "the dean of the bankruptcy bar," North Carolina lawyer Max Gardner, about the possibly fraudulent paperwork banks are under investigation for using. Gardner answers viewer and reader… Continue reading
Oct 27 Your Mortgage Questions Answered: Consumer Lawyer Max Gardner Editor’s Note: In Show Me the Mortgage, Paul Solman talked to “the dean of the bankruptcy bar,” North Carolina lawyer Max Gardner about the faulty and possibly fraudulent paperwork mess banks are being accused of. Gardner agreed to… Continue reading
Oct 27 Tsunami, Volcano Kill at Least 300 in Indonesia; Storms Hit Midwest, South Volunteers search for victims after Mount Merapi erupted near Yogyakarta, Indonesia. Photo by Ulet Ifansasti/Getty Images. A thick layer of dust coated villages on the Indonesian island of Java after Mount Merapi began spewing lava and ash on Tuesday. Continue reading
Oct 26 Nightmarish Stories of Mortgage Modification Woes By Elizabeth Shell The idea that bank paperwork can weigh you down is nothing new. But the foreclosure cases we've come across lately sound downright Kafka-esque. A homeowner trying to modify her mortgage is told to fax documents to a certain department. Soon… Continue reading
Oct 25 Watch Big Banks Resume Foreclosure Paperwork Major banks across the country continue to dig through internal documents to show that foreclosures have been properly handled following accusations of faulty paperwork. Binyamin Appelbaum of the New York Times gives more details on the investigation into flawed foreclosure… Continue watching
Oct 25 Watch Homeowners Express Frustration with Government Loan Modifications Many struggling homeowners rely on loan modifications from government programs to keep afloat on their mortgages. Some say they are running into problems with these services. Paul Solman has more. Continue watching
Oct 25 Watch News Wrap: Fed Addresses Foreclosure Frenzy, Bloody Weekend in Mexico Federal Reserve Chairman Ben Bernanke said the Central Bank is getting involved in the recent foreclosure mess caused by faulty paperwork. In Mexico, 10 people were killed at a rehab center in Tijuana in another bloody episode of drug violence. Continue watching
Oct 25 New Diversity Districts Appear Safe for Democrats, at Least for Now By Victoria Edwards Rep. Mike Honda, D-Calif., speaks during a DNC news conference in July; Photo By Tom Williams/Roll Call via Getty Images If Democrats are looking for safety this year, they have it in the New Diversity districts that dot… Continue reading