On Thu, Aug 13, 2009 at 6:35 AM, c b<[email protected]> wrote: > Foreclosures rise 7 percent in July from June > > By ALAN ZIBEL, AP Real Estate Writer Alan Zibel, Ap Real Estate Writer > 2 hrs 7 mins ago > WASHINGTON – The number of U.S. households on the verge of losing > their homes rose 7 percent from June to July, as the escalating > foreclosure crisis continued to outpace government efforts to limit > the damage. > > Foreclosure filings were up 32 percent from the same month last year, > RealtyTrac Inc. said Thursday. More than 360,000 households, or one in > every 355 homes, received a foreclosure-related notice, such as a > notice of default or trustee's sale. That's the highest monthly level > since the foreclosure-listing firm began publishing the data more than > four years ago.
New York TIMES / August 13, 2009 Fed Views Recession as Near an End By EDMUND L. ANDREWS WASHINGTON — Almost exactly two years after it embarked on what was the biggest financial rescue in American history, the Federal Reserve said on Wednesday that the recession is ending and that it would take a step back toward normal policy. Though the central bank stopped well short of declaring victory, policy makers issued their most upbeat assessment in more than a year by saying that the downturn appears to have hit bottom and that consumer spending, financial markets and inventory-building by corporations all continued to stabilize. “Economic activity is leveling out,” the Fed’s policy-making committee said Wednesday after a two-day meeting, adding that inflation would remain “subdued for some time.” -- Jim Devine / "All science would be superfluous if the form of appearance of things directly coincided with their essence." -- KM _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
