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...rail is more energy-efficient and less costly per mile and provides an easy, efficient, and safe method of transportation. As such, we believe that a new national program of high-speed rail construction will be a worthwhile investment in infrastructure and job creation in the midst of the worst recession in more than two decades. In addition to the immediate benefits of job creation in the construction industry, the expansion of passenger rail travel will also provide jobs far into the future across the country...
...Capital Force case is one of the largest mortgage frauds to date in Florida, but it's just the tip of an iceberg of scams that have wrecked broad swaths of the state's reeling housing and commercial real estate market. The situation is worst along the I-4 Corridor between the Tampa and Orlando areas, where almost 30,000 homes are in foreclosure. (Lee County, in fact, has one of the nation's highest foreclosure rates, at about 12%.) In recent years, fraud - involving either property purchases like Capital Force's, or schemes that falsely promise to help desperate...
...from healed. "This is going to be a tough one," says Dodie Subler, founding partner of Tait Subler, a consulting firm. "Domino's is known for its excellent training program, but these guys broke the code of ethics. It will be hard for Domino's to recover." The worst part of a viral video crisis is that the clips live forever online. Says Blackshaw: "The Web never forgets...
...worst cars of all time...
...While mortgage losses show faint signs of moderating, banks still have a lot of credit-card ugliness to work through. At JPMorgan Chase, card services was by far the worst-performing division, with a loss of $547 million. When Whitney asked CEO Jamie Dimon if the business would return to profitability this year, his answer was a succinct "No." At Citi, "credit-card losses seem to be breaking their historical correlation with unemployment," CFO Kelly said. That is, credit-card losses normally rise with the unemployment rate. Now they're rising faster...