mortgage

House approves sweeping financial reforms

The House of Representatives approved the biggest changes in financial regulation since the Great Depression on Friday, marking a win for the Obama administration and congressional Democrats.

Lawmakers Seek Emergency Help to Halt Carp

Members of Congress are demanding emergency action to prevent Asian carp from invading the Great Lakes and devastating their $7 billion fishery.

Biz bits

The Obama administration’s pay czar is limiting the cash compensation for executives at companies that received the largest taxpayer bailouts to $500,000. The 25th through the 100th top earners at Citigroup, GMAC, American International Group and General Motors also must take more than half their compensation in stock, and at least half must be …

As banks build capital, Treasury wants TARP to focus on lending, continued stability

Big banks are roaring back. At crisis’ edge last year, they are repaying billions of dollars dumped into their vaults to rescue them.

Hebrew Boys case shows dangers of ‘too good to be true’ pitches

Tough economic times bring out all sorts of pitches to make easy money. But the conviction Friday of the Midlands men who called themselves the 3 Hebrew Boys should remind folks of an adage: if an offer seems too good to be true, it probably is.

Agriculture Commissioner candidate Maddox firmly anti-drilling

Democrat Scott Maddox, running for agriculture commissioner, said Monday state officials shouldn’t even be considering offshore oil drilling in Florida waters.

Is the Consumer Overextended? Ask the Fed

Many pundits have opined that the American consumer is on the ropes, so far in debt that he will be unable to contribute to the economic recovery.

FCC decision closer for Vallejo’s Ozcat

David Martin and Katie Martinelli have been like expectant parents waiting for the delivery of a noncommercial license for Ozcat Radio.

Motorcycle sales plunge off the road

A little over a year ago, it looked as if fuel-sipping motorcycles might be the option for motorists facing increasing gas prices.

the Week Ahead

Jobs report: The economy is expanding again, so the recession is finally over, right? Try telling that to unemployed people.

Anna Davlantes wants deal; Mike Barz wants reinstatement, back pay

Today is the first day of the rest of Anna Davlantes’ career. The anchor and reporter who has been off the air since the end of July, when she walked away from NBC-owned WMAQ-Ch. 5 after nine years , has emerged from contractual purgatory and is now free and clear to negotiate with other outlets.

Ryanair Profits Soar While Rivals Plunge

Budget airline Ryanair has seen profits soar by 80% in the six months to the end of September.

23 Private College Presidents Made More Than $1 Million

The presidents of the nation’s major private research universities were paid a median compensation of $627,750 in the 2007-8 fiscal year - a 5.5 percent increase from the previous year - according to The Chronicle of Higher Education annual executive compensation survey.

Lupus Drug Shows Promise in New Trial

Human Genome Sciences said early Monday that its experimental drug to treat lupus was effective in its second big clinical trial.

A Step Away-Part 2

Abolition of property-all owned for public purpose. Happening? Not yet but gov’t is on the road to taking over mortgages which is certainly a means to that end.

Analysis: Iran in no hurry to cut nuclear deal

If Western leaders were still puzzling over Iran’s approach to nuclear talks, Mahmoud Ahmadinejad offered a timely tutorial.

Republicans use ACORN’s problems to fight law on bank investment in poor areas

Some new homes, developed by the Association of Community Organizations for Reform Now Housing Corp., are seen in the Beverly subdivision of Phoenix, Ariz., Wednesday, Sept.

Housing Industry Illustrates Need for New Stimulus

The housing industry has been the epicenter of the great national recession. No sector of the economy has been hit harder by the near collapse of the nationa s financial system and the implosion of sub-prime mortgages.

Escaping the Tyranny of Price Competition

For American manufacturers, competing on price with companies that are exporting goods from a low-wage-paying country is nearly fruitless.

Chants prep for obsolete offense

The teams from the Big South are reindoctrinated into the lore of college football once every fall.

Attention, treatment for concussions increasing

The days of a football player getting his bell rung, taking a whiff of smelling salts and getting back on the field are gone.

Sotomayor won’t sell NY apartment in this economy

Not even Supreme Court justices are immune from the economy. Justice Sandra Sotomayor plans to keep her apartment in New York for the time being, even as she gets a place in Washington.

PG&E to buy solar, natural gas power

Pacific Gas and Electric Co. reported Thursday that it plans to buy electricity from several proposed solar facilities and natural gas power plants, one of which would replace two aging generators in Antioch.

Value of venture-backed startups slips

Each week, The Chronicle tracks the latest investments, fundraising, mergers and initial public offerings involving Bay Area venture capitalists and startups.

Stiglitz Deflation Threat Pushes Bernanke to Keep Rates at Zero Next Year

The U.S. faces the possibility of deflation for the first time since the Eisenhower administration, a threat that may prompt the Federal Reserve to keep interest rates near zero through next year.

How fast is your "High Speed Internet"?

St. Petersburg, Florida - The price of high speed internet can cost you hundreds, even thousands of dollars every year.

Panel says all of U.S. should be online

The nation needs to give the same urgency to making sure all Americans have broadband access as the Eisenhower administration did in building an interstate highway system a half-century ago, a report released Friday concluded.

Banks trim use of emergency Fed programs

Banks reduced their borrowing from the Federal Reserve’s emergency lending facility over the past week, and cut back on their use of other programs designed to ease the financial crisis.

Asia stocks track US down after grim economic data

Asian markets fell sharply Friday as weaker-than-expected reports about U.S. jobs and manufacturing heightened worries about an anemic recovery in the world’s largest economy.

Fed eyes wide-ranging bank pay rules to combat risk

The Federal Reserve plans new rules on bank pay to curb excessive risk-taking, which is blamed for sparking the global financial crisis and has triggered international demands for action.

For Commercial Real Estate, Hard Times Have Just Begun

As the commercial real estate market heated up earlier in the decade and lenders competed feverishly to issue ever-riskier mortgages, hundreds of bankers, investors, lawyers, brokers, appraisers, accountants and analysts flocked to an investors’ conference in Florida each January to celebrate their good fortune with lavish beach parties featuring …

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