Oct 08 Bank of America Halts Foreclosure Sales in All 50 States Bank of America said Friday that it will stop sales of foreclosed homes in all 50 states as it looks into reports that mortgage servicers signed foreclosure documents without reading them, a practice known as "robo-signing." The company said… Continue reading
Oct 08 September Job Losses Steeper, Worse for Economy Than Expected By Paul Solman Disturbing September job numbers out Friday showed a net loss in total employment of 95,000 jobs, as the federal government dropped 76,000 positions, mainly Census workers, and state and local governments lost 83,000. In the private sector, jobs increased… Continue reading
Oct 08 September Job Losses Steeper, Worse for Economy Than Expected Disturbing job numbers out today for the month of September: a net LOSS in total employment of 95,000 jobs, as the federal government dropped 76,000 positions, mainly census workers, and state and local governments,… Continue reading
Oct 08 Latest Unemployment Report Does Little to Change Midterm Dynamic By David Chalian Job seekers line up at a job fair last week in New York City. Photo by Mario Tama/Getty Images. Friday's monthly jobs report was the last before November's midterm elections and it likely did little to alter voters' discontent about… Continue reading
Oct 08 Watch News Wrap: Jobs Report Fuels New Rally on Wall Street In other news Friday, the latest unemployment reading helped push Wall Street higher, with the Nasdaq and Dow Jones industrial average each up more than 1 percent for the week. Continue watching
Oct 08 Watch U.S. Recovering Jobs But Pace Has Slowed, Analyst Says The Labor Department reported that there were 95,000 jobs lost last month and that September's numbers continue 14 straight months of unemployment being above 9.5 percent. Judy Woodruff reports on the latest numbers, then Ray Suarez talks to Lakshman Achuthan,… Continue watching
Oct 07 Upcoming: Ways To Deal With the Foreclosure Crisis By Paul Solman The past week's revelations of bank insouciance with regard to the legal niceties of foreclosure and eviction, most notably the robo-signers who admitted they did not read what they signed off on, have led to a national push… Continue reading
Oct 07 Upcoming: Ways To Deal With the Foreclosure Crisis The past week’s revelations of bank insouciance with regard to the legal niceties of foreclosure and eviction, most notably the robo-signers who admitted they did not read what they signed off on, have led to a national push… Continue reading
Oct 06 Watch 'Robo-Signing' Paperwork Breakdown Leaves Many Houses in Foreclosure Limbo Foreclosures in 23 states have been halted by major banks after allegations surfaced of illegal practices. Jeffrey Brown talks to the president of the Center for Responsible Lending and a Columbia economics professor for more. Continue watching
Oct 06 To Visit or Not To Visit Spain? Name: Walter Power Question: I very much enjoyed your recent report on the economic conditions that Spain is dealing with. My wife and I were planning to spend time in Barcelona this fall and I was wondering if the… Continue reading