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?
CBO: Under GOP plan, millions will lose coverage Republicans are divided and Democrats are saying, "we told you so," when it comes to official estimates of what it will cost to repeal and replace Obamacare. The Trump White House says the Congressional Budget Office is just wrong.
Getting answers on phone taps, Russia and leaking The Directors of the FBI and the NSA testified on Capitol Hill today there's no evidence for President Trump's claim he was wire-tapped by former President Obama. We'll hear about that and the investigation into Russian tampering with last year's presidential campaign.
America's top diplomat faces challenges in Asia Whatever happened to America's "pivot to Asia?" That's just one of the questions left hanging since Rex Tillerson's first trip there as Secretary of State. Is the Trump Administration hoping to change Foreign Policy or maintain the status quo?