Jul 08 Jobs: Dreary Data, a Desperate Viewer, a Pessimistic Professor By Paul Solman Goodness! U-7, our own measure of under-and unemployment, shot up to 18.6 percent Friday morning, a rise that gets us back near the number when we first inaugurated the Solman Scale last December. Friday morning's job numbers:… Continue reading
Jul 07 How an English Investor Dabbled in Cleveland Real Estate…and Got Burned By Paul Solman Video edited by Elizabeth Shell. As a follow-up to Tuesday’s story on abandoned housing demolition in Cleveland, we’re posting a short video. A show-and-tell about one vacant property, it covers all the bases – from… Continue reading
Jul 07 Watch How an English Investor Dabbled in Cleveland Real Estate… and Got Burned A show-and-tell about a vacant property from the bank unloading it to a buyer in England. Continue watching
Jul 07 How an English Investor Dabbled in Cleveland Real Estate…and Got Burned By Paul Solman // Video edited by Elizabeth Shell. As a follow-up to Tuesday's story on abandoned housing demolition in Cleveland, we're posting a short video: A show-and-tell about one vacant property, it covers all the bases - from the… Continue reading
Jul 05 Watch Raze the Roof: Cleveland Levels Vacant Homes to Revive Neighborhoods Business correspondent Paul Solman reports from Cleveland on the economically troubled Ohio city's efforts to tear down thousands of empty foreclosed homes in hopes of putting eyesore and dangerous properties back to productive use -- perhaps as community gardens, new… Continue watching
Jul 05 Fannie Mae: What’s Politics Got to Do With it? By Paul Solman // 'Protecting Its Fannie: How Mortgage Giant Primed the Bubble, Covered Its Assets.' Paul Solman answers questions from NewsHour viewers and web users on business and economic news most days on his Making Sen$e page. Here's Tuesday's… Continue reading
Jul 01 Watch Protecting Its Fannie: How Mortgage Giant Primed the Bubble, Covered Its Assets As part of his Making Sen$e series, Paul Solman reports on the new book, "Reckless Endangerment," which argues that for the past 20 years, Fannie Mae, a government-sponsored enterprise that increases money for homeownership, pursued profits for itself and bought… Continue watching
Jul 01 Joseph Stiglitz, Barney Frank Respond to ‘Reckless Endangerment’ Allegations By Elizabeth Shell Friday on the NewsHour, New York Times finance specialist Gretchen Morgenson and co-author Josh Rosner, a longtime housing analyst, talk about their new bestseller, "Reckless Endangerment" (no. 17 on the Times list this week). The book is a sustained indictment… Continue reading
Jul 01 Joseph Stiglitz, Barney Frank Respond to ‘Reckless Endangerment’ Allegations By Paul Solman Friday on the NewsHour, New York Times finance specialist Gretchen Morgenson and co-author Josh Rosner, a longtime housing analyst, talk about their new bestseller, "Reckless Endangerment" (no. 17 on the Times list this week). The book is a… Continue reading
Jun 30 Troubled By Our Pension Post? Here’s Our Response By Elizabeth Shell // Watch Paul Solman's report, 'Is Your Pension Safe? States Struggle With Pricey Challenges.' Our blog post on pension contributions received a supposed "correction" which itself generated some reaction. We reproduce "DougMartin10th's" original comment and my response below. Even… Continue reading