Labor/Economy
Economy Watch: Foreclosures at Record Levels in 2010
2010 saw a record number of foreclosures; Neil Barofsky warns of the possibility of future bailouts; and many Americans are still desperate for work.
Economy Watch: Beige Book a Model of Restrained Optimism
Economic conditions thawed in the last two months of 2010; new life is expected for housing starts in 2011; and AIG is on its way to paying back U.S. taxpayers.
Economy Watch: Simon Quits Bid for Largest British Mall Owner
Simon Property Group decided it doesn’t want to be the biggest U.K. mall owner badly enough; U.S. housing prices continue to fall; and small businesses continue to struggle.
Economy Watch: Massachusetts High Court Rules against Banks in Foreclosure Case
A Massachusetts high court affirms the stance by lower courts that banks must have their mortgage paperwork in order before making foreclosures, and Fed Chairman Bernanke defends the Fed strategy regarding QE2.
PODCAST: Economy Watch Weekly with Dees Stribling
The economy, and employment, are getting better, but everyone is impatient for it to happen faster–which it refuses to do. The December employment numbers tell the story.
Economy Watch: U.S. Unemployment Edges Down
Employment inched up in December, but not as much as hoped, and retail numbers went up, also not as much as hoped. And Goldman Sachs is being sued again.
Economy Watch: U.S. Office Market Sees Positive Absorption
Reis Inc. reports positive office absorption for the first time since 3Q07, and New York City is packing in the tourists.
Economy Watch: Unemployment Claims Drop as Year Comes to Close
U.S. workers filing applications for unemployment dropped the week ending Christmas Day; 2010 saw 157 banks fail; and the NAR Pending Home Sales Index rose.
PODCAST: Economy Watch Weekly
Economy Watch reporter Dees Stribling wraps up economic news for the week ending 12/31, characterized by falling home values, and looks ahead at 2011.