Subprime crisis

Obama's visit to Caterpillar plant crucial to persuading Americans that he can turn around the economy

Alistair Darling has accepted that a second emergency package of tax and spending measures may be needed in this spring's budget to claw the economy out of a deepening recession, the Guardian has learned. Despite the deterioration in the public finances,[...]

Prompted by public concern over the economy and energy costs, President-elect Barack Obama and Democrats in control of Congress are touting a two-for-one solution: spending billions of dollars on alternative-energy programs to create jobs and help lift[...]

"Bridge-work challenges span Pennsylvania" and two other articles on infrastructure problems reinforce what engineers already know: Our bridges are no safer than they were a year ago. Our country's knee-jerk reaction to the disaster was to pay close attention[...]

Bird and Fortune - Subprime Crisis

Tom Dart, the sheriff of Cook County, Illinois, announced a moratorium on the eviction of tenants from foreclosed housing, stating that too many are innocent rent-paying victims with no prior notice of the pending foreclosure. As seen by Sheriff Dart,[...]

Tight credit markets continue to increase pressure on businesses far from Wall Street, fueling concerns of reduced spending and future layoffs. "Companies don't have access to short-term credit to fund operations, and if you can't fund operations you'll[...]

One family cuts up their credit cards, trading convenience for bare necessities.

As many of you know there is lots of news out about sub prime loans and the issues they are causing for the consumer, the economy, and in the financial markets in general. While I have seen a lot of coverage of recent events with subprime I have not found[...]