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?
The flight bumping heard around 'round the world Recent video of a passenger forcibly removed from a United Airlines plane is a worst-case example of what's happened since consolidation into just four US-based carriers. Management seems to be tone-deaf to a decline in service — and even abuse — of passengers.
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.
White House flip flops: NATO, Syria and China In less than 100 days, President Trump has contradicted himself on a host of foreign policy issues — Syria, NATO, China and Vladimir Putin’s Russia. Is it a strength — or a weakness — for the United States when the world of power politics never knows what to expect?