Foreclosures reached an all-time high during the fourth quarter of last year as the mortgage crisis worsened, according to Mortgage Bankers Association data released today. During the quarter, 2.04 percent of all outstanding mortgages were in foreclosure, and .83 percent of loans entered the foreclosure process, according to the report. A year earlier, just 1.19 percent of loans were in foreclosure. This is what happens when the government deregulates industries. In the 80s, we saw the collapse...

Economy Lost 63,000 Jobs in February The economy shed 63,000 jobs in February, the government said on Friday, the fastest falloff in five years and the strongest evidence yet that the nation is headed toward — or may already be in — a recession.Manufacturers and construction companies, reeling from the worst housing slump in decades, led the declines in payrolls. But the losses were spread across a broad range of businesses — including department stores, offices and retail outlets — putting in...

The Olympic flame was extinguished today in Paris and the route disrupted. Originally, I was against the boycot of the games in China because the people of Tibet would suffer the consequences, but I’ve since changed my mind. The protests in England and now Paris are alerting the world to the abuses by the Chinese government – not just to the people of Tibet, but to the general population. There was a story about Chinese investment in the U.S. on 60 minutes last night. They have 100s of bi...