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...margin of error on July's 9.6% gain, for instance, is plus or minus 13.4%. In other words, strictly speaking, the Commerce Department can't be sure the figure didn't actually go down. For that reason, new-home sales are best looked at over five or six months. There's still reason for optimism: a four-month string of increases is starting to get to the point at which one can legitimately call the trend significant. That's especially true when overlaid with data from the National Association of Realtors that show sales of previously owned houses are going...
...surface. Another number out this week was the delinquency rate among loans backed by the federal housing agency Freddie Mac. The number of people 90 or more days behind on their mortgages continues to rise - in July, 2.95% of Freddie Mac loans were late, up from 2.78% the month before, and 1.01% a year ago. Furthermore, a new study from the credit-rating agency Fitch found that among people falling behind on payments, fewer and fewer are able to catch up. Looking at a set of mortgages that had been bundled into securities, Fitch calculated that as of July, just...
...Kerry was disappointed, but he quickly buckled down. Lindsey Graham, a South Carolina Republican, had never had much reason to work with Kerry before this year. So he was surprised when Kerry approached him in the Senate about a month ago. "He came over to me, and he said he'd like to see if we could find some middle ground on global warming," Graham recalls. With California Senator Barbara Boxer, Kerry has been gathering Senators from both sides of the aisle for weekly meetings on climate-change legislation. The bill was thought to be a nonstarter in the Senate...
...idea that he and then New Jersey Senator Bill Bradley, among others, had pioneered in 1994. When Kerry dusted it off this summer, unions balked, since many of their plans are worth as much as $25,000 a year. He convened some of the more vocal opponents last month. "I'm doing what Teddy Kennedy would do ... I'm finding a compromise to get a bill passed," he told the group. Kerry didn't win them over, but they did pledge not to oppose the proposal. (See the most notorious presidential pardons of all time...
...Reportedly received $150,000 month to be Jackson's personal physician...