FROM Yvonne Maria Jimenez
Will a Federal Foreclosure Deal Help Californians? President Obama announced a $26 billion settlement today with 49 state attorneys general and five major banks. He said it will "end some of the most abusive practices of the mortgage industry and begin to turn the page on an era of recklessness." California's Attorney General, Kamala Harris, was one of the last to get on board. We hear from her and from Yvonne Maria Jimenez, Deputy Director of Neighborhood Legal Services of Los Angeles County, which is advising families facing foreclosure in the North San Fernando Valley.
Do America's Movers and Shakers Live in a (Beltway) Bubble? Washington, DC has now replaced California's Silicon Valley as the wealthiest metropolitan area in the United States. Is that putting policymakers, politicians and journalistic pundits out of touch with the problems of ordinary Americans? Is that why they've been so slow to address the housing crisis and unemployment?
Do America's Movers and Shakers Live in a Bubble? Metropolitan Washington, DC now boasts the highest median income in the United States, taking the place of Silicon Valley, the center of high-tech prosperity. In the nation's capital -- packed with lawyers, lobbyists and contractors -- unemployment and home foreclosures are low; housing prices are high. What does that mean for the politicians and journalists who try to assess the rest of the country and help ordinary Americans cope with a faltering economy? Will it really help to cut government jobs, or will that devastate the hinterlands, leaving Washington itself unscathed?
Homeownership and the American Dream Six years ago, George W. Bush declared that, “owing a home lies at the heart of the American dream.” Yesterday, President Barack Obama said that home foreclosure means losing a “foothold in the American Dream,” an idea that dates back to the Great Depression. But there’s a downside, and it’s come to a head in the current recession as millions of homeowners are losing their homes to foreclosure. Why should tens of billions of taxpayer dollars help people get back into housing they can’t afford? What’s wrong with renting?
What's Wrong with Renting? Six years ago, George W. Bush declared that, "owing a home lies at the heart of the American dream." Yesterday, President Barack Obama said that home foreclosure means losing a "foothold in the American Dream," an idea that dates back to the Great Depression. Politicians virtually equate homeownership with patriotism, and government subsidies include the mortgage-interest exemption. But there's a downside, and it's come to a head in the current recession. Millions of homeowners are in big trouble. Why should tens of billions of taxpayer dollars help people get back into housing they can't afford? As the author of Don't Get Caught with Your Skirt Down : A Practical Girl's Recession Guide asks, what's wrong with renting?
Will the Senate write a healthcare bill in secret? While Democrats and Republicans argue White House relations with Russia, another question is being decided behind closed doors: who gets help buying health insurance and who doesn't? We hear how the pros and cons are being shrouded in secrecy.
Venezuela spirals into economic and political chaos Venezuela, a country whose potential for prosperity is unmatched, finds itself on the verge of civil war. What sustains the repressive government? With time running out, guest host León Krauze looks at what the international community can do to pull the country from the edge of collapse.
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?
Who's to blame for the opioid crisis? Some of the lawyers who took on Big Tobacco are now going after Big Pharma. It’s all about the deadly epidemic of opioid use. Are the drug companies to blame? What about the users? Later, on today’s Talking Point: making sense of Britain’s upset election.