FROM Joe Light
Will Expanding the Housing Market Lead to Another Bubble? The housing market usually leads the way out of recession, but this time around it's a drag on economic recovery. So President Obama is going to give it a boost , making it easier for first-time buyers with low credit ratings to qualify for mortgages on new homes. Admittedly, it's a modest proposal — $900 in savings for just 250,000 people, when more than $2 million are needed for healthy growth. But critics call it a risky first step toward another sub-prime disaster -- just like the one that started the Great Recession a few years ago.
Nuclear crisis on the Korean Peninsula slowly coming to a head North Korea did not conduct a nuclear test this weekend, but it did show apparent progress in developing a missile that that could strike the United States. The Trump Administration says it has lost its "strategic patience." We hear what that might -- or might not -- mean for North Korea, China and the prospects for diplomacy.