Word: federales
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The details of the Federal Government's $3 billion cash-for-clunkers program were criticized for being too complicated, and the U.S. Department of Transportation's computers were maddeningly slow to produce the necessary approvals. But the program also gave dealers and consumers a huge shot in the arm.
The first batch of numbers instilling hope that we've arrived at a bottom shows that house prices are beginning to creep back up. The S&P/Case-Shiller index of home prices in 20 cities saw a 1.4% gain between May and June. That's only the second time the index...
Even if house prices and sales are on the mend, that doesn't equate to a clean bill of health for housing overall, since woes in the mortgage sector continue to surface. Another number out this week was the delinquency rate among loans backed by the federal housing agency Freddie...
• Had his Houston clinic searched by federal investigators on July 22, followed searches of his Las Vegas house and clinic on July 28.
• Married with four sons, one of whom is a federal prosecutor in Brooklyn, N.Y.