Jul 15, 2010
Foreclosure Rate: Americans On Pace For 1 MILLION Foreclosures In 2010
LOS ANGELES — More than 1 million American households are likely to lose their homes to foreclosure this year, as lenders work their way through a huge backlog of borrowers who have fallen behind on their loans. Nearly 528,000 homes were taken over by lenders in the first six months of the year, a rate that is on track to eclipse the more than 900,000 homes repossessed in 2009, according to data released... read more
Jul 15, 2010
Fund-Raisers Before House Vote on Financial Overhaul Examined – NYTimes.com
WASHINGTON — Lawmakers take contributions every day from corporate executives and lobbyists hoping for their votes. The question of whether that represents business as usual in Washington or an ethics breach is at the heart of a far-reaching Congressional ethics investigation that is stirring concerns throughout Washington and Wall Street. The Office of Congressional Ethics has sent corporate donors... read more
Jul 15, 2010
Russian boy dies in shaman ceremony
VLADIVOSTOK, Russia (Reuters Life!) – A four year-old boy with pneumonia suddenly died after his parents took him to a spiritual healer in an attempt to cure him, investigators in Russia’s Far East said on Wednesday. Traditional shaman healers, who have practiced in some areas of Siberia and the far east for thousands of years, have experienced a revival since the 1991 break-up of the Soviet... read more
Jul 15, 2010
Companies pile up cash but remain hesitant to add jobs
Corporate America is hoarding a massive pile of cash. It just doesn’t want to spend it hiring anyone. Nonfinancial companies are sitting on $1.8 trillion in cash, roughly one-quarter more than at the beginning of the recession. And as several major firms report impressive earnings this week, the money continues to flow into firms’ coffers. Yet all the good news from big business hasn’t... read more
