Tag: Recession
Recession’s end? Wealthiest Americans buying more Vail, Aspen real estate
Unemployment benefits extension no help for growing numbers of jobless
Late Thursday afternoon, President Obama signed into law a bill granting workers out of a job for more than 26 weeks additional unemployment insurance payments, paid for by the federal government. The benefits had been in place since November 2009, but had lapsed for seven weeks — an unprecedented hiatus, given the 9.5 percent unemployment rate. The bill, held up in the Senate by Republicans concerned about the deficit, makes benefits retroactive to June 2 and forward to Nov. 30. In states with higher than 8 percent unemployment, workers will continue to receive up to 99 weeks of benefits.
AIG execs whined for tax-paid bonuses, saw persecution as ‘McCarthyite’
Schwarzenegger calls out GOP stimulus hypocrisy
Finger pointing begins as move to stem foreclosures fails
WASHINGTON-- Only a year ago, hopes were high that a big push by the government to stop foreclosures would be a great success, living up to its billing as “Help for America’s Homeowners.”
Last January started out with a foreclosure moratorium, allowing time for the Obama Administration to put the final touches on Making Home Affordable — its $75 billion signature program aimed at helping 3 to 4 million homeowners. After bailing out banks and the financial system, the administration turned its efforts to borrowers on the verge of losing their homes. The program rolled out with fanfare in the spring. But as 2010 begins, it is already clear that Making Home Affordable has fallen far short of its goals.