Jan 06 Who Do You Hurt When You Walk Away? By Elizabeth Shell 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… Continue reading
Jan 05 Strategic Default: Right or Wrong? By Paul Solman 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… Continue reading
Jan 05 Strategic Default: Right or Wrong? By Elizabeth Shell 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… Continue reading
Jan 03 Happy New Year? Job Market Looking Up for College Grads? By Elizabeth Shell Editor's Note: A poor economy does not bode well for college grads trying to enter the job market. "The last couple of years have been a very, very tough time to be coming out of college," said Richard White in… Continue reading
Jan 03 Watch U.S. Faces 'Explosion of Senior Citizens': Will Baby Boomers Strain Economy? In 2011 the first of 79 million Americans born between the end of World War II and the mid-1960s will turn 65, swelling the ranks of Medicare and Social Security recipients. Judy Woodruff looks at the implications with Nicholas Eberstadt… Continue watching
Dec 31 Alyssa Katz: How Government Is Failing the Homeowner By Paul Solman We last spoke with journalist and author Alyssa Katz back in October 2009. She had just finished writing "Our Lot," a book on the history of America's housing market. "The issue is that the investors and investment… Continue reading
Dec 30 Watch Wall Street Enjoys 'Rip-Roaring' 2 Years, But Main Street's Woes Remain The slow process of economic recovery is far from over for the U.S., but there were glimmers of good news in 2010's closing days as jobless benefit claims hit their lowest level in 30 months and the stock market gained… Continue watching
Dec 30 The Economy in 2010: Stories You May Have Missed A full two years after the financial crisis hit (and even longer if you look at the start of the housing bust), Americans are all too familiar with the gloom and disappointment that largely dominated the economic headlines this… Continue reading
Dec 29 Robert the Robot, the Mechanical Man By Paul Solman Paul Solman answers questions from NewsHour viewers and web users on business and economic news most days on his Making Sen$e page. Here's today's query: Name: Jose Question: In Virginia we have a non-judicial foreclosure process. The… Continue reading
Dec 28 The Loan Mod Squad: A Request to Business Desk Readers By Paul Solman Paul Solman answers questions from NewsHour viewers and web users on business and economic news most days on his Making Sen$e page. Here's today's query: Name: Toby Hanna Question: I purchased a house in 2006. A year… Continue reading