Home Foreclosures

A Snapshot Of America

Financial Crisis Tracker
Sourcewatch has developed a great widget to keep a running tally on what some call "The Great Recession".

Below is their explanation of where the numbers come from and just in case you are shocked by that 4.71 TRILLION DOLLARS number in the Wall Street bailout section in there. (4.71 trillion dollars number is taken from at the time I wrote this post)

From Sourcewatch:

The Financial Crisis Tracker gives a monthly snapshot of housing foreclosures, unemployment rates and the total cost of the Wall Street bailout. The Tracker is presented in the form of a widget that can be downloaded to your webpage.

The Foreclosure number is generated monthly by RealtyTrac, a private data source used by newspapers across America. The RealtyTrac data is released in the second week of the month for the previous month.

The Unemployment number is generated by the U.S. Department of Labor and released on the first Friday of the month for the previous month. The larger DOL data set is rich with information about unemployment and underemployment in the U.S. economy.

The Wall Street Bailout number is our original calculation of the total bailout expenditures to date. Our calculation was peer-reviewed by economists at the Center for Economic and Policy Research in Washington D.C. Our table tallying all government bailout programs can be accessed here.

Ohio Governor Sets Sails for Education and Jobs

OhioNews Bureau

ONB COLUMBUS: After one year in office, Ohio Governor Ted Strickland used his State of the State speech Wednesday to readjust the state’s sails, hoping to generate enough wind power through a new jobs program, increased investment in infrastructure and the reorganization of primary and secondary education that will give high school seniors a leg up on college to steer the ship of state to calmer seas and more prosperous shores.

Ohio Treasury Cordray Launches SaveNOW to Change Citizens’ Savings Habits

Ohio Treasury Cordray Launches SaveNOW to Change Citizens’ Savings Habits

OhioNews Bureau

ONB COLUMBUS: With winter winds blowing a chill across Ohio, and the prospect by many reputable economists that the next recession is waiting in the wings to make its cameo appearance, bringing with it more financial heartache to a state that has yet to recover the last recession of 2001, the timely announcement by Ohio Treasurer Richard Cordray that he’ll plunk down $25 million in state investment dollars to help Ohioans save more and earn higher interests rates on their savings, is a warm breeze in an otherwise frosty environment.

Cleveland to Sue Banks for Nuisance, Ohio Begs Off New Mortgage Lending Licensing System

OhioNews Bureau

ONB COLUMBUS: Cleveland Mayor Frank Jackson is striking back at lenders he says have “enabled the subprime lending and foreclosure crisis here” by using nuisance laws to sue 21 lenders, including big ones like Deutsche Bank, Goldman Sachs, Merrill Lynch and Wells Fargo.

In a published report from The (Cleveland) Plain Dealer, Jackson accused the formidable bankers of irresponsibility in lending practices that are leaving “entire neighborhoods in ruins” and depleting the city’s tax base.

Ohio Legislature Languishes as News of Jobs Cuts Ring In New Year

promoted - cho

OhioNews Bureau

ONB COLUMBUS: In the traditional and predictable barrage of stories recounting the ups and downs of the year recently ended, the saga of highs and lows for Ohioans is tantamount to a blood-draining, white-knuckle ride on the Mean Streak roller coater at Cedar Point along Lake Erie.

Is Ted in the Red? OBM Report Says Buckeyes Should Brace for Bumpy Ride

OhioNews Bureau

ONB COLUMBUS: In a published report today citing growing disparities between state revenues and expenditures, Ohio Governor Ted Strickland, the new captain of the ship of state that has drifted off course over 16 years of Republican rule and can’t seem to fix on a solid compass heading leading to smoother seas and brighter skies, has ordered his office of budget and management to slow the engines and stand ready to man the bilge pumps if economic waters roil more than they are now.

Ohio Judge’s Foreclosure Ruling Gives Hope to Homeowners, Legal Leg to AG