FROM Daniel McGinn
As Housing Crisis Worsens, More People Staying Put Sales of new and existing homes dropped more than expected last month, even though houses are cheaper, with the median price reduced from $208,000 last year at this time to $180,000 today. Daniel McGinn is national correspondent for Newsweek magazine and author of House Lust : America's Obsession with Our Homes.
The Housing Crisis Is Eating America's Economy Home foreclosure may become an industry in itself. Today's New York Times features a California company called You Walk Away , which is looking for clients whose mortgages are now worth more than their houses, so they can't refinance to meet rising payments. For less than a thousand dollars, You Walk Away will show them how to deliver their problems back to the bank by foreclosure. Part of the problem is the idea that housing is not just a place to live, but a gold-plated investment whose value just keeps going up. What goes up must come down, leaving tens of thousands of people with increased payments on loans worth more than their houses. Are greedy banks and investors at fault? What about home buyers themselves? And what's the impact on an economy that depends on consumer spending?
Human Rights in the era of Donald Trump President Trump’s UN Ambassador, Nikki Haley, said today the US might pull out of the United Nations’ Human Rights Council. Serious violators of human rights are members of the Council itself–and a US resignation could make things worse. Later on today’s show, now that he’s into his second term, comedian turned US Senator Al Franken is telling jokes again.
Janesville and the American Dream Janesville, Wisconsin is the hometown of Republican House Speaker Paul Ryan. But he couldn’t prevent the closing of the General Motors factory after 100 years. On this Memorial Day rebroadcast of To the Point, we hear what’s happened to what once was a model of American middle-class unity.
Trump's new look at civil rights and global warming President Trump is reportedly ready to pull the US out of the Paris Agreement on Climate Change. We look at the possible consequences. On the second half of the program, we hear about cuts in Obama-Era civil rights programs called for by the Trump Administration's first budget plan.
Is the threat from Russia missing from the Russia meddling probe? There's much being made about the Trump administration's possible ties with Russia. But the bottom line is Russia's effort to influence American democracy. Do the President and his aides care enough to take action before voters go back to the polls?