Some Cities Will Be Safer in a Recession (BusinessWeek Online)
BusinessWeek Online - Oct. 13's 937-point surge in the Dow notwithstanding, the economic crisis has left Americans -- even those with no obvious connection to Wall Street -- wondering about their own future. The 401(k)s of many Americans are still on shaky ground, foreclosures are spiking, and employers in big cities and small towns alike are struggling to adapt to a new environment of tight credit and feeble consumer spending. More »
Bush, Paulson take new approach to economic crisis (AP)
AP - The Bush administration's latest effort to resolve the financial crisis embraces an approach it had resisted just a few weeks ago. More »
Major elements in rescue program (AP)
AP - Major elements of the government's revamped $700 billion package to rescue the financial system and help homeowners facing foreclosures on their mortgages: More »
Palin: Mortgage plan not a handout, but a hand up (AP)
AP - Republican vice presidential candidate Sarah Palin said Tuesday that her running mate John McCain's plan to reduce or eliminate taxes and help distressed homeowners with their mortgages will "get this economy moving again." More »
McCain, Obama Promoting Populist Appeals on Rescue (Bloomberg)
Bloomberg - Oct. 14 (Bloomberg) -- Barack Obama and John McCain, both laying claim to the populist ground, have different approaches to implementing the financial markets rescue plan. The Democrat is focused on recapitalizing banks while halting foreclosures and creating new jobs, while the Republican wants to purchase and refinance mortgages of troubled homeowners. More »
Bush: will put capital into banks via equity stakes (Reuters)
Reuters - U.S. President George W. Bush said on Tuesday the U.S. government will directly inject capital into financial institutions by buying equity stakes in a bid to help thaw credit markets frozen by the housing market collapse. More »
Former Fed chief says U.S. now in recession (Reuters)
Reuters - Former Federal Reserve Chairman Paul Volcker said on Tuesday the U.S. housing sector faced more losses and the economy was in recession even as authorities moved to stabilize the financial system. More »
Worries Grow Over Commercial Real Estate (Investor's Business Daily)
Investor's Business Daily - As the housing market stumbled, commercial real estate still had legs to stand on. More »
Today on the presidential campaign trail (AP)
AP - McCain unveils new stump speech, criticizes Bush economics and vows new direction for country ... Obama calls for moratorium on foreclosures, two-year tax break for businesses that create jobs ... Palin mistakes fans for protesters at Va. rally that draws thousands More »
McCain, Obama Promoting Populist Appeals on Wall Street Rescue (Bloomberg)
Bloomberg - Oct. 14 (Bloomberg) -- Barack Obama and John McCain, both laying claim to the populist ground, have different approaches to implementing the financial markets rescue plan. The Democrat is focused on recapitalizing banks while halting foreclosures and creating new jobs, while the Republican wants to purchase and refinance mortgages of troubled homeowners. More »
McCain rescue plan won't include foreclosure freeze: aide (AFP)
AFP - A freeze on foreclosures will not be part of a new economic rescue plan Republican John McCain will present to voters Tuesday, a senior aide told reporters Monday. More »
Obama calls for 90-day moratorium on foreclosures (AP)
AP - Democrat Barack Obama proposed more immediate steps Monday to heal the nation's ailing economy including a 90-day moratorium on home foreclosures at some banks and a two-year tax break for businesses that create new jobs. More »
Obama Offers Steps to Stem Foreclosures, Aid Families (Bloomberg)
Bloomberg - Oct. 13 (Bloomberg) -- Democrat Barack Obama proposed easing access to retirement accounts and imposing a 90-day moratorium on foreclosures for some homeowners as part of a plan to boost the economy and aid middle-income taxpayers. More »
They Warned Us About the Mortgage Crisis (BusinessWeek Online)
BusinessWeek Online - More than five years ago, in April 2003, the attorneys general of two small states traveled to Washington with a stern warning for the nation's top bank regulator. Sitting in the spacious Office of the Comptroller of the Currency, with its panoramic view of the capital, the AGs from North Carolina and Iowa said lenders were pushing increasingly risky mortgages. Their host, John D. Hawke Jr., expressed skepticism. More »
Ohio shooting puts face on foreclosure crisis (AP)
AP - She shot herself in the chest Oct. 1 before she could be taken away from the foreclosed house, which was worth less than its mortgage from the day she took out the loan. More »
Insurance Scams Rising in State
The number of insurance fraud claims reported to the Arkansas Insurance Department has been rising over the years. More »
Indicators Suggest End of 'Soft Market' For Insurance Rates
Good news for insurance agents whose commissions have been depressed with insurance rates, but not so good for the businesses that have enjoyed a respite from inflation in that budget line item. More »
NLR Fairway Location Bought for $1.05 Million (Real Deals)
A look at important real estate transactions for the week of Oct. 13, 2008. More »
NLR Enclave Going Up for Sale
The Enclave, a signature real estate development in downtown North Little Rock, is going up for sale More »
White County Couple Fight Eminent Domain Suit
An appeal out of White County Circuit Court is expected to establish the strength of Arkansas' eminent domain laws, particularly when it comes to a natural gas pipeline. More »
Arkansas Insurers Mostly Insulated From U.S. Woes
Nation's financial fallout has little effect on Arkansas insurers. More »
Hampton Inn & Suites to Open Friday in Downtown Little Rock
McKibbon Hotel Management Inc. of Tampa, Fla., announced this week that it will open its second property in Little Rock on Friday: Hampton Inn & Suites in the River Market District. More »
Lender drops eviction suit vs. Cook County sheriff (AP)
AP - A mortgage lender that tried to force the Cook County sheriff to evict a suburban Chicago woman from her home announced Friday that it has withdrawn its lawsuit. More »
Meltdown 101: Bankruptcy won't help borrowers much (AP)
AP - Can filing for bankruptcy help homeowners facing foreclosure? More »
Greenspan sees 1st half 2009 U.S. housing recovery (Reuters)
Reuters - Former Federal Reserve chairman Alan Greenspan said the U.S. housing market will begin to recover in the first half of 2009, according to an article he wrote for Emerging Markets magazine published on Friday. More »