Mar 11 Foreclosures Drop to Slowest Pace in Four Years By Jason Breslow Foreclosure data released Thursday offer a glimmer of hope for the U.S. housing market. But make that a qualified glimmer. Foreclosures slowed to their slowest pace in four years in February, but were still 6 percent higher than a year… Continue reading
Mar 11 Watch News Wrap: U.S. Home Foreclosure Rate May Be Slowing In other news Thursday, home foreclosures rose by 6 percent in February, the smallest amount in four years. Also, partial election results show the Iraqi prime minister running neck-and-neck with a challenger. Continue watching
Mar 10 Stimulus Funds Cluster in Cities, Bypass Latino Communities By Hari Sreenivasan President Obama signed the $787 billion stimulus package a little more than a year ago to spur job creation during the economic downturn. Through the end of January, $283 billion had been allocated, according to a new analysis by… Continue reading
Mar 10 Baker: The Best Econ Books I've Read Recently This week, we are running guest posts from some of our favorite economists about the best economics book they’ve read in recent months. Dean Baker: Amidst all the tracts on health care written by policy wonks in the last couple… Continue reading
Mar 10 Oversight for Thriving Payday Lending Unclear in Financial Reform Sen. Bob Corker, R-Tenn., is denying that payday lenders will receive an exemption in financial reform legislation being crafted in the Senate, refuting reports that he has been pressing the Senate Banking Committee to "scale back substantially"… Continue reading
Mar 10 Millennials Face a Dark Economic Present, but See a Bright Future If there was any doubt that the recession has had a big impact on Americans who are 18 to 29 years old, two national polls done in January and February shed new light on the issue. According to… Continue reading
Mar 09 Pentagon Weighs In on Consumer Protections By Carolyn O'Hara The Pentagon has thrown its hat into the ring over a new consumer protection agency. Politico reports Tuesday that military leaders want a consumer watchdog to oversee auto dealers and prevent them from making predatory sales to servicemembers. The… Continue reading
Mar 09 Shiller: The Best Econ Books I've Read Recently This week, we are running guest posts from some of our favorite economists about the best economics book they’ve read in recent months. Robert Shiller: I have two books here, that came out in the last couple months with similar… Continue reading
Mar 08 Colorado Moves to Steer Aid Toward Closed Car Dealers A lot of new car dealers have been looking for other work in the past year in the wake of the bankruptcies of General Motors and Chrysler. In Denver, GM told several local dealers to start winding down their… Continue reading
Mar 08 EU Considers European Monetary Fund to Help Countries Like Greece By Carolyn O'Hara Greece is preparing for a fresh round of strikes and protests this week, after the government unveiled a $6.5 billion austerity program that includes a sales tax hike, cuts in benefits and salaries for the public sector, and… Continue reading