Bloomberg: Announced U.S. Job Cuts Rose 20% From Year Ago "Employers in the U.S. announced more
job cuts in February than in the same month last year, led by a surge at government agencies..." 11
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MSNBC | Real Estate: Home prices at lowest levels since housing crash "Home prices in a majority
of major U.S. cities tracked by a private trade group have fallen to their lowest levels since the housing
bubble burst. The Standard & Poor's/Case-Shiller index fell in December from November in all but one of
the 20 cities it tracks. The 20-city index declined 1 percent. .." 110222
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MSNBC | Real Estate: Home prices at lowest levels since housing crash "Home prices in a majority
of major U.S. cities tracked by a private trade group have fallen to their lowest levels since the housing
bubble burst. The Standard & Poor's/Case-Shiller index fell in December from November in all but one of
the 20 cities it tracks. The 20-city index declined 1 percent. .." 110222
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Gallup: Americans' Economic Confidence Worsens in Mid-February "Gallup's Economic
Confidence measure worsened to its lowest weekly level of 2011, -26, in the week ending Feb. 20. This
essentially matches the -27 of the same week a year ago, giving up improvement seen earlier this year..."
110222
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Bloomberg: Home Sellers Step Up as Last-Resort Lender to Poor-Credit Buyers "Sue and Douglas Reed
knew no bank would give them a mortgage -- not with a bankruptcy and two foreclosures fresh in their credit history.
They turned to Hilarie Walters, whose childhood home on 15 acres (6 hectares) in Marshall, Michigan, had been on
the market since 2009. The unemployed single mother of twins agreed in December to sell the property to the Reeds
for $105,000. She also consented to a risky payment plan that in effect makes her the couple’s mortgage lender..."
110511
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Bloomberg: Home Prices in 20 U.S. Cities Declined 2.4% From Year Earlier "Residential real-estate
prices dropped in the 12 months to December by the most in a year, a sign the U.S. housing market is
struggling even as the rest of the economy recovers..." 110222
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Bloomberg | Business Week: A Renewed Crackdown on Redlining "In the wake of the subprime implosion,
the Obama Administration has stepped up its scrutiny of disadvantaged neighborhoods' credit access..." 110511
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MarketWatch: Pension wake-up call hits local governments "It wasn’t long ago that the pension fund
for the Newhall County Water District was living the high life. Newhall, a tiny quasi-governmental agency
with 31 employees and $10 million annual budget in a suburb north of Los Angeles, participates in
California’s massive public employees retirement system, known as Calpers. ..." 110221
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USA Today | Housing: Underwater mortgages rise as home prices fall "The number of Americans who owe
more on their mortgages than their homes are worth rose at the end of last year, preventing many people from
selling their homes in an already weak housing market..." 110308
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CNN Money: Government shutdown: What's at stake "The countdown to a possible government
shutdown is on. If lawmakers don't pass a funding extension by March 4, the government will shift to
performing essential operations only. That could mean that government workers would stay home, national
parks and museums would close and cleanup at toxic waste sites would stop..." 110221
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The Seattle Times | Nation & World: 'Jobless recovery' for women, not men "The early stages of the
economic recovery have taken on a decidedly masculine tone. Job gains by men fueled January's steep
decline in the unemployment rate from 9.4 to 9 percent. In fact, men have gained 438,000 jobs while women
have lost 366,000 since the Great Recession officially ended in July 2009, according to the Labor
Department..." 110221
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