MF admits that the West is stuck in near depression:
IMF's World Economic Outlook more or less condemns Southern Europe to death by slow suffocation and leaves little doubt that fiscal tightening will trap North Europe, Britain and America in slump for a long time.
Joseph Stiglitz: the euro may not survive:
Joseph Stiglitz, one of the world's leading economists, has warned that the future of the euro is "looking bleak" and the fragile European economic recovery could be irreparably damaged by a "wave of austerity" sweeping the continent.
One out of Five Borrowers Could Lose Their Home: If governmental policy on foreclosure prevention does not change, 11.5 million borrowers are in danger of losing their homes, according to the analysts at Amherst Securities Group LP.
SWAT Standoff Ends at Foreclosed House near L.A.:
A man who may have been despondent over facing foreclosure barricaded himself in his Los Angeles-area home late Wednesday, leading to a overnight standoff with a SWAT team and Los Angeles police, but surrendered peacefully Thursday morning.
Cali. couple charged with trashing foreclosed home:
It is another shattered American dream. This house owned by Monique and Robert Acosta taken over by the bank. Neighbor Keith Peet says, "They loved it so much. They put their heart and soul and just everything into it. I mean, it was the best house on the street."
Midnight Shopping On The Brink Of Poverty:
Take a trip to one of those 24-hour Walmarts on the last day of every month, and you'll get a glimpse into the lives of low-income families trying to get by. At one location in Fredericksburg, Va., at around 11 p.m., families start to load up on necessities like diapers and groceries.
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