Return of the Zombie Foreclosure: Taking Over Homes Where No One Lives
So-called zombie foreclosures were part of the mortgage landscape in the Great Recession, and new research shows that they are back.
Economy
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US GDP Forecast Little-Changed as Fed Adopts New Policy on Interest Rates
The second estimate of second-quarter U.S. GDP was only slightly better than the first estimate, but a new statement on interest rates from Fed Chair Jay Powell is keeping investors' spirits up.
Will Fed Chairman Jerome Powell Bring Talk of Stagflation to the Economy?
In the midst of the worst recession of a lifetime, the Federal Reserve has built up a balance sheet of roughly $7 trillion. This has been paid for by trillions of dollars that were…
Big Drop in Consumer Confidence Makes S&P 500 All-Time High Hard to Justify
The Conference Board has released some disappointing data regarding the confidence of American consumers.
This State Had an Unemployment Rate of 16.1% Last Month
The economic disaster brought on by COVID1-19 has caused millions of people to lose their jobs. Unemployment nationwide was 10.2% in July, worse than any month in the Great Recession. In one state, the…
This State’s Unemployment Rate Is Only 4.5%
Unemployment in the United States will remain high for months, if not longer. Utah is fortunate to have a job market dominated by industries that are likely to continue to thrive.
Business Activity Rises for the First Time Since February
Overall business activity from services and manufacturing operations in the United States is showing some pre-coronavirus strength, according to IHS Markit.
Martha McSally Battered in Arizona Senate Race
One of the greatest risks the Republican party faces this election year is that the Democrats take a majority in the U.S. Senate. Martha McSally from Arizona has been labeled an "imperiled incumbent."
Will Q3 GDP Reverse All the Q2 GDP Losses?
The big question now is just how long it will take to make up the recent massive losses to U.S. gross domestic product.
Home Mortgage Delinquencies at 5-Year High, Likely to Get Worse
Overall mortgage delinquencies rose to their highest level in more than five years in May. The COVID-19 pandemic and recession have made it hard for homeowners to meet monthly mortgage payments.
Top CEOs Paid 320 Times Typical Worker’s Pay
A new study of CEO compensation reveals that top CEOs were paid 320 times more than an average worker last year. That's a 14% year-over-year increase.
It’s 100 Degrees Below Zero Here Right Now
Global warming has begun to raise temperatures in much of Antarctica. Yet the temperature at the Amundsen-Scott South Pole Station will be about 100 degrees below zero for the next several days.
5 US Utilities That Might Welcome a Biden Presidency
Presidential candidate Joe Biden's plan for modernizing U.S. infrastructure includes a goal of net-zero carbon emissions from the electricity generating sector by 2050.
The Largest Wildfire in American History Happened 150 Years Ago
The Great Peshtigo Fire of 1871 covered an area larger than the state of Connecticut. It was the largest and most deadly wildfire in history.
US Postal Service Has Lost $78 Billion Since 2007
The U.S. Postal Service (USPS) is in great financial trouble, and its ability to deliver ballots in the upcoming election has turned to some extent on the fact. The White House wants to control…