On average, the economy looks OK. But averages are misleading. Several large groups of people are struggling. They all have one thing in common…
U.S. Household Net Worth Drops $6.1 Trillion in Second Quarter, Despite Home Values Increasing $1.5 Trillion…
The U.S. Federal Reserve has published the second quarter 2022 balance sheet of U.S. total household wealth…
DC District Judge Rules Nationwide Moratorium on Evictions Beyond Authority of CDC…
U.S. District Judge Dabney Friedrich has ruled the CDC has exceeded its authority with the federal ban on evictions during the COVID response…
Asset Forfeiture Run Amok: How in the World Could a County Treasurer Seize a Retiree’s Home over a Paltry $8.41 Tax Debt?…
Officials in one Michigan county are demanding answers from their treasurer amid concerns that the county could be on the hook for millions of dollars in payments to former homeowners whose properties were seized under a tough forfeiture practice. Oakland County commissioners sent an angry letter last week to Treasurer Andrew Meisner after the Michigan […]
Insurers Under Scrutiny in Puerto Rico with 13,600 Hurricane Maria Claims Still Open…
Thousands of Puerto Ricans have been forced to drain their savings, close their businesses, or resign themselves to living with structural damage as they fight insurance companies over millions of dollars’ worth of claims that have gone unanswered or unpaid more than a year after Hurricane Maria. Experts say the Category 4 storm caught insurance […]
Los Angeles Approves Plan to Pay Property Owners to Build Houses or Renovate Garages to Shelter the Homeless…
City officials in Los Angles want to help pay homeowners with extra space to put small accommodations in their backyards for homeless people. Los Angeles county has been facing a growing homeless population, and there are currently nearly 58,000 people without living shelter. Last month protests called ‘Not in my backyard,’ blocked new homeless housing […]
Eight Years Later, Taxpayers Are Still Bailing Out Wall Street…
Eight-years after taxpayers rescued the U.S. financial system, some of the country’s largest banks, including JPMorgan Chase and Wells Fargo, continue to receive billions in bailout money, according to government data…