Oil could hit $100 a barrel soon, JP Morgan predicts: China's economy was quick to recover from the global downturn and has been growing at a spectactular pace, resulting in rampant demand for oil
French police reopen refinery: French police have ended a blockade by striking workers outside the Total oil company's Grandpuits refinery near Paris as the senate prepares to vote on government plans to raise the retirement age.
UK: Spending review cuts will hit poorest harder, says IFS: Thinktank warns that George Osborne's spending cuts are the deepest since the second world war and will hit the poorest harder than the better off
Food Stamp Usage Soars Among Working Families : "They're doing everything we want: they're working, paying all their bills, taking care of their kids, and they still don't have enough money at the end of the month to put food on the table."
Nation's Biggest Banks Each Hold over $20B in Foreclosures: Report: New data released this week shows that the nation’s largest banks are holding monstrous volumes of soured home loans. Not only has the housing crisis left major lenders knee-deep in an ocean of non-performers, but added exposure to early delinquencies means they could sink even deeper.
Kentucky County Court Order Impacts Foreclosure Complaint Filings: Kenton County foreclosure complaints must also be accompanied by a copy of the note and recorded mortgage with copies of all allonges, endorsements, and assignments necessary to document the chain of title to both the note and the mortgage.
Nine Stories The Press Is Underreporting -- Fraud, Fraud And More Fraud: If it wasn't already blindingly obvious that pervasive fraud was at the heart of the financial crisis and the ensuing foreclosure catastrophe, you would think that the latest news -- that banks have routinely been lying their heads off in the rush to kick homeowners off the properties they fraudulently induced them to buy in the first place -- would pretty much clinch it.
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