Article Listing
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Economy on verge of new foreclosure crisis
August 8, 2009Signaling continued economic distress, Deutsche Bank estimated today that over 50 percent of mortgage holders may owe more than their homes are worth. Already 25 percent of mortgages are now “underwater.” “The percentage of “underwater” loans...
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Rights groups appeal for UN investigation of rendition
August 8, 2009NEW YORK, Aug 6 (IPS) - Charging that the U.S. government was complicit in the forced disappearance of an influential Muslim scholar four years ago, human rights groups in the U.S., the U.K., and Switzerland have...
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Congress losing patience with lending industry on foreclosure prevention
August 8, 2009Original source: Rep. Barney Frank, D. Mass., chairman of the House Committee on Financial Services, is taking a hard line with the lending industry for failing to take action to prevent more foreclosures. In a statement...
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247,000 jobs lost: Without recovery package, would be far worse
August 8, 2009Original source: U.S. jobs lost in July totaled 247,000, according to U.S. Bureau of Labor Statistics data out today, with the unofficial unemployment rate now at 9.4 percent compared with 9.5 percent in June, the first...
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Hiroshima mayor calls for no nukes
August 8, 2009Original source: Hiroshima's mayor has urged global leaders to back President Barack Obama's call to abolish nuclear weapons as Japan marked the 64th anniversary of the world's first atomic bombing. At a solemn ceremony to commemorate...
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