Not even an economic crisis can stop Philadelphia’s Mummers from holding their annual New Year’s parade today, Bloomberg reports.
The parade, which began in 1901 and has been held every year since then, was nearly canceled this time around because the city cut its funding due to a $1 More…
We were talking Monday about the unexpected effects of the foreclosure crisis, like skateboarders in California taking advantage of empty swimming pools behind vacant homes to practice their craft. Here’s another: Gambling is falling in popularity as more people choose instead to pay their bills, Bloomberg reports. That More…
Just as troubled borrowers are poised to become the next likely recipients of government help, bailout fatigue seems to have set in.
Since the government began inching toward offering homeowners more help — calling for a holiday foreclosure suspension and launching a plan to streamline mortgage-loan More…
This is supposed to be the season for a break in home foreclosures, a pause in evictions over the holidays.
But it’s not working out that way for everyone. And certainly not for Julio Angulo of suburban Virginia, another victim of a foreclosure machine that seems to be almost More…
As another Black Friday rolls around, there’s a feeling of desperation — rather than Christmas — in the air.
Competition among online retailers has turned vicious, with deep discounts and free shipping. That makes a shopping trip to the mall ever harder to justify.
There is another More…
The statements are dribbling in slowly, but the common verdict from members of Congress surrounding the economic team put together by President-elect Barack Obama seems to be one of undying love — from both sides of the aisle.
Sen. Max Baucus (D-Mont.), chairman of the Senate Finance Committee, said the More…
Congressional Democrats haven’t had much luck with efforts to move stimulus legislation this week. Plans to pump billions of dollars into public works projects and state Medicaid programs went precisely nowhere. And a push to provide Detroit’s sputtering automakers with emergency cash never got over the hurdle of GOP opposition. More…
It’s the last bit of news that his colleagues want to hear, but House Majority Leader Steny Hoyer (D-Md.) on Tuesday floated the possibility that Congress could remain in Washington into December if efforts to help the ailing auto industry fail this week.
Lawmakers had hoped to tackle the Detroit More…
Congressional Democrats may be pushing for some concessions from the finance industry in return for the billions they’re receiving in taxpayer bailouts, but President George W. Bush has other ideas. From today’s Washington Post:
Bring on the finance regulations.
That’s the message this week from a growing number of Democratic leaders, who are increasingly irritated by the reluctance of the financial industry to put capital it received from the Bush administration’s $700-billion bailout to work.
Lenders not lending. Executives keeping large pay packages. More…
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