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I n its new budget, the Bush administration is proposing to eliminate one of the last and least effective vestiges of the War on Poverty: aid to cities doled out in the form of community-development block grants. The president has proposed slashing ...
HOUSEHOLDERS are facing record high heating bills as greedy energy firms cash in on the coldest winter in 30 years, figures showed last night. Energy demands falling on to doormats in the next few weeks will be 20 per cent more expensive than last ...
WASHINGTON, Feb 1 (Reuters) The Obama administration is requesting a 96.8 million dollars increase in the Department of Justice's fiscal 2011 budget to combat financial fraud, up 23 percent from fiscal 2010. The increase is intended to fund the ...
... origination of mortgages ... no interest in whether the borrowers could pay or not. In fact, in some ways the lenders actively preferred people who did not intend to pay, because they could then inflate the value of the loan and earn a larger ...
Another Great Depression may have been averted but the crisis is far from over. Credit is tight and contagion is spreading to all highly leveraged points in the global economy: mortgage-ridden households (Iceland, the US, the UK, Spain, Ireland ...
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