United States

Getting tough with mortgage lenders

Struggling to stem the swelling foreclosure tide, the Obama administration announced new steps Monday to pressure banks to help homeowners long term. ...

Getting A Loan Modification Can Be Easy If You Know What You Are Doing Posted By: John Caroll

Getting a Loan Modification Can Be Easy If You Know What You Are Doing by John Caroll

Homeowners who are having a tough time keeping up with their mortgage payments often panic that they will soon get a notice of foreclosure from their mortgage lender. While this panic is understandable as no o...

Unemployment Rate for Black Men Reach a Depression Era-Level… How do We Fix It???

Joblessness for 16-to-24-year-old black men has reached Great Depression proportions.  In October the unemployment rate raised to 34.5 percent, more than three times the rate for the general U.S. population. The Bureau of Labor Statistics reported that unemployment in Washington DC, home to man...

Real progress on jobless claims

HERE is something for which to be thankful—weekly jobless claims posted a substantial decline last week, falling to 466,000. That's the lowest number since the week before the Lehman Brothers collapse. The four-week moving average dipped below the 500,000 level. The move below 500,000 also sugg...

Krugman says the economy's outlook is "extremely grim"

And he worries that people are now complacent since we're in a "recovery" from the recession. A recovery, Krugman notes, that will still have the unemployment rate above 8% in 2012.Why is this considered OK, as opposed to desperately requiring action? Bear in mind that the predicted unemployment...