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Buyers eager to snatch up deals on Florida condos may have to fork over bigger down payments and face more intense reviews of their potential purchases. ...more
February 6, 2009
Buyers anxious to snatch up deals on Florida condos may have to plunk down higher down payments and have the condominium complex scrutinized. Fannie Mae, one of the largest providers of U.S. mortgages, is requiring more cash upfront and taking over the condo review process from its lenders. Amy Bonitatibus, Fannie Mae spokeswoman, said that's because condos are at a higher risk of failure in this economy. ...more
February 5, 2009
There's no question schools today have access to a much wider array of tools and resources to enhance the educational experience than were available in previous generations. Last week, a previous generation proved to be the greatest resource of all for teachers and students at Hudson High School working on a unit about the Great Depression and the prelude to World War II. ...more
February 4, 2009
The Great Depression was not caused by business failure; it was a financial downturn that was mitigated by the government's reactionary and blundering response to the situation. This resembles our situation today. Our government has not learned a thing from history, and it is on the verge of plunging us into another economic disaster because Congress doesn't have enough sense to study in depth and debate the pros and cons of bills that come before them. How will they create another economic disaster for us? ...more
February 3, 2009
On a frigid evening in January, more than 10,000 people gathered outside a 13th century cathedral in this Baltic capital to protest the government's handling of Latvia's economic crisis and demand early elections. ...more
February 2, 2009
The National Football League's multibillion-dollar celebration of its own opulence has gained a pervasive hold on American life since it came into existence 43 years ago. ...more
February 1, 2009
Here's what we know about the Obama presidency so far. It's not 1933, we're not in the Great Depression and Barack Obama is not FDR. ...more
February 1, 2009
I am an 83-year-old man who proudly served my country for the latter part of World War II and also the Korean War. I believe that the generation before mine was every bit as good as mine, maybe even better. There are not too many of my generation left and almost none from the generation before us. I am not sure that I thoroughly understand the meaning of "the greatest generation" but I do know they are referring to my generation and for this I am grateful. I also know that there were some good times and some bad times, but I wouldn't trade any of them for the world. ...more
January 31, 2009
A recession is a period of reduced economic activity. The current economy more than meets that definition. ...more
January 31, 2009
House approves White House-backed $819 billion economic stimulus bill. ...more
January 28, 2009
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