Santa Monica is under attack — by cranes! Santa Monica has big plans for a facelift before the end of the second decade of the twenty-first century, but the city’s businesses, residents, and visitors will have to endure an even bigger headache over the next five years as such projects break ground and reach fruition.… Read More Santa Monica Considers the Impacts of Downtown Construction
“I had grossly underestimated the level of extraordinarily unethical and even fraudulent behavior that had occurred on such a large scale,” Ferguson tells All Things Considered host Melissa Block, in a conversation airing Friday. via Inside Job Director Charles Ferguson, Taking Wall Street Firmly To Task : Monkey See : NPR.
U.S. prime jumbo mortgages at least 60 days late backing securities reached 9.6 percent in January from 9.2 percent in December, the 32nd straight increase for “serious delinquencies,” according to Fitch Ratings. via Jumbo Mortgage ‘Serious Delinquencies’ Rise to 9.6% (Update1) – Bloomberg.com.
Hot potato! If you don’t stop reading out of anger, this is actually a very good synopsis of what’s gone down — in broad strokes — and why you’re going to want to pick up one of these. Seriously, that this comes out late on a Friday should only reinforce the significance of this revelation.… Read More Secret Banking Cabal Emerges From AIG Shadows
In Downtown Los Angeles, at least eight residential projects and one hotel have fallen into bankruptcy. Some of those projects, along with others in the area, have also faced foreclosure — an equally complex process with just as many possible endings. via Los Angeles Downtown News and Information – LA Downtown News Online > News… Read More What Happens When Banks Foreclose on Commercial Properties?
Too bad it can’t happen here. Oregon voters bucked decades of anti-tax and anti-Salem sentiment Tuesday, raising taxes on corporations and the wealthy to prevent further erosion of public schools and other state services. The tax measures passed easily, with late returns showing a 54 percent to 46 percent ratio. Measure 66 raises taxes on… Read More Oregonians Vote to Raise Taxes on Rich, Corporations