New Orleans The backdrop to the great excitement and fight back in Wisconsin, Ohio, and India for the labor movement seems to be a very black curtain that some are trying to pull across the stage. The evidence seems everywhere. Steven Greenhouse, one of the last labor reporters, sounded the death knell in the Times …
Month: February 2011
Little Hope for Reform in Foreclosure Settlement Negotiations
New Orleans The industry spins the numbers differently each month. Foreclosures are rising, but somehow housing markets are being revived by refinancing. Little of it makes sense and often the information is contradictory, but the bottom line is that housing is still in dire straits across the country. The home mortgage modification program has been …
The Return of Lending Discrimination by Banks
New Orleans Finally there is some small notice of the fact that banks are abandoning the poor and their neighborhoods. A report from the FDIC (Federal Deposit Insurance Corporation) found that almost 1000 net branches had been lost in 2010. Certainly not surprising to anyone is that the loss has been much higher in lower …