Word: unders
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The "new normal" in housing is that home prices which have dropped 20% or more may drop further. Even under the best of circumstances, prices will not recover.
What housing "bulls" do not want to admit is that people who have underwater mortgages will often give up on the opportunity to keep their homes because they see no financial future in staying. They may never get any equity from their residences. They are probably better off to rent...
Fueled by abundant and cheap gas and the availability of rubber-tire production, the U.S. vehicle market grew to a 16 million-unit-per-year business. This year that number will be under 10 million, which will cause nearly every auto company doing business in the U.S. to show red...
The insurance giant, which has received $182.5 billion in government funding since September, has been under pressure to overhaul its board, according to media reports.
But if moderate or just plain pragmatic Republicans are worried about putting off Hispanics, they are also under enormous pressure from conservative activist groups - Rush Limbaugh called Sotomayor and Obama "reverse racists" - to not let her go through without a real fight. "President Obama carried through on his threat to...