Jun 25th, 2009 - The Huffington Post
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State and local governments have been forced into draconian budget cuts, firing workers who are among the most reliable in making their mortgage payments -- when they have jobs: firemen, policemen, teachers, civil servants.
Yet the Obama administration won't spend even a small fraction of what it has wasted on the banks to cover state shortfalls. The guarantee of $5.5bn in short term notes for California was deemed to be fiscally irresponsible, yet hundreds of billions have already been allocated to the likes of Citigroup, AIG, and Goldman Sachs, all of whom have already beefed up salaries and bonuses as they emerge from the embrace of the federal government.
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US Housing Recovery Faces Uphill Climb - Study
Jun 22nd, 2009 - Wall Street Journal
The U.S. residential real estate market is caught in the worst correction in decades with few reasons to be optimistic as the economy worsens, according to a key housing report released Monday.
A look at FDA-tobacco legislation Obama is signing into law
Jun 22nd, 2009 - Los Angeles Times
WASHINGTON (AP) - A look at legislation President Barack Obama signed into law Monday that gives the Food and Drug Administration regulatory controls over tobacco products. Q...
