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The Madness of Crowds - Commentary Magazine
Fueled by easy credit, the real-estate market had been rising swiftly for some years. Members of Congress were determined to assure the continuation of that easy credit. Suddenly, the party came to a devastating halt. Defaults multiplied, banks began ...

Rising foreclosures pose long-term fiscal problems for local ... - Empire State News
ALBANY - As increases in foreclosures and mortgage delinquencies continue to grip certain regions of the State, property taxes, the primary source of tax revenue for local governments, could become the next casualty of the housing crisis according to ...

Fannie Mae, Freddie Mac Delay Foreclosure Sales - NY1
Mortgage lenders Fannie Mae and Freddie Mac will hold off on foreclosure sales for the holidays. The companies are suspending sales of occupied homes from November 26 to January 9. During that time, the companies will evaluate whether borrowers ...

Home builder confidence hits lowest level in 23 years - Albany Business Journal
Home builder confidence nationally has dropped to its lowest level in 23 years, based on a survey by the National Association of Home Builders . The NAHB/Wells Fargo Housing Market Index sank five points to 9 in November due to the country’s ...

Money and Monetary Policy - Hartford Courant
TOKYO (AP) _ Japan's central bank kept its already low interest rates on hold Friday amid further signs of rapidly deteriorating conditions at home and in the global economy. The Bank of Japan had cut its benchmark rate to 0.3 percent from 0.5 ...

Areas’ employment remains stable - Troy Record
In October, the state lost nearly 14,000 private sector jobs, but the Capital District’s average, not seasonally adjusted, unemployment rate of 4.9 percent was slightly lower than the state’s rate at 5.5 percent and the national rate at 6.5 ...

Give universities flexibility - Buffalo News
New York finds itself in the midst of a fiscal crisis because investments made on Wall Street have gone stinkingly sour. So it is time for some other investments, in other parts of the state, in other fields of endeavor, so that the state’s economy ...

Education News - Yahoo News
PHILADELPHIA - A former Ivy League professor pleaded guilty Monday to making child pornography and lying to government officials, charges that stemmed from his relationship with a Brazilian teenager. DENVER - Diagnosed with post-traumatic stress ...

An economy on the edge - Detroit Free Press
WASHINGTON —Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke waged a stout defense on Capitol Hill today of their management of a $700-billion financial bailout just one week after the administration abandoned the original ...

Recently in 2010 Category - New York Daily News
How about Christine Quinn for U.S. Senate if Hillary Clinton gives up her seat to become secretary of state? Quinn, the first woman speaker of the City Council, and also the first openly gay person to hold that post, was asked earlier today if she ...