Calif. City Contemplates Eminent Domain to Save Foreclosures
Clip: 9/19/2013 | 11m 46s
Calif. City Contemplates Using Eminent Domain to Solve Their Foreclosure Crisis
Half of all homeowners in Richmond, Calif., owe more on their property than what it is worth, prompting the city to consider using the power of eminent domain to seize underwater mortgages and help residents stay in their houses. But detractors say that move will hurt the city by alienating Wall Street. Hari Sreenivasan reports.
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Major corporate funding for the PBS News Hour is provided by BDO, BNSF, Consumer Cellular, American Cruise Lines, and Raymond James. Funding for the PBS NewsHour Weekend is provided by...
Calif. City Contemplates Eminent Domain to Save Foreclosures
Clip: 9/19/2013 | 11m 46s
Half of all homeowners in Richmond, Calif., owe more on their property than what it is worth, prompting the city to consider using the power of eminent domain to seize underwater mortgages and help residents stay in their houses. But detractors say that move will hurt the city by alienating Wall Street. Hari Sreenivasan reports.
Problems playing video? | Closed Captioning Feedback
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Congress Engages in Obamacare Spending Standoff
Clip: 9/19/2013 | 3m 3s | Congress Engages in Obamacare Spending Standoff Days Before Budget Deadline (3m 3s)
How Does Health Care Reform Affect the Cost of Premiums?
Clip: 9/19/2013 | 6m 12s | How Does Health Care Reform Affect the Cost of Insurance Premiums? (6m 12s)
How to Live Micro: Apartments for the New Single World
Clip: 9/19/2013 | 6m 42s | Cities are create micro-apartments for single living, smaller than previously legal size. (6m 42s)
Pope: Church's Moral Edifice Will Fall Without Balance
Clip: 9/19/2013 | 5m 9s | Pope: Church's Moral Edifice Will Fall 'Like a House of Cards' Without Balance (5m 9s)
Regulators Charge JP Morgan Over $1 Billion in Penalties
Clip: 9/19/2013 | 5m 54s | Regulators Charge JP Morgan With More Than $1 Billion in Penalties (5m 54s)
What Are the Motives Behind Iran's 'Charm Offensive'?
Clip: 9/19/2013 | 8m 4s | What Are the Motives Behind Iran's 'Charm Offensive'? (8m 4s)
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Major corporate funding for the PBS News Hour is provided by BDO, BNSF, Consumer Cellular, American Cruise Lines, and Raymond James. Funding for the PBS NewsHour Weekend is provided by...