Senate Agrees on Bill to Ease Foreclosures
April 7, 2008
Senate leaders announced an agreement Wednesday on legislation to ease the slumping housing market and help millions of families threatened by foreclosure. The scaled-back proposal released by Majority Leader Harry Reid, D-Nev., and GOP Leader Mitch McConnell of Kentucky contains an amalgam of ideas aimed at boosting demand for housing and helping homeowners saddled with subprime mortgages avoid foreclosure. For instance, the plan contains $4...
Telemarketers Loosing Access
April 4, 2008
The Dallas Morning News reports that Texas drivers involved in accidents will no longer be required to furnish telephone numbers for crash reports under an agreement between two state agencies trying to pull the plug on phone solicitations by telemarketers. The telemarketers generally try to drum up business for chiropractors, lawyers and body shops, according to officials, who unveiled the change Thursday. The agreement between...
Jobless Rates Hit 5.1%
April 4, 2008
According to The Houston Chronicle, employers slashed 80,000 jobs in March, the most in five years and the third straight month of losses. At the same time, the national unemployment rate rose from 4.8 percent to 5.1 percent, the clearest signal yet that the economy might already be shrinking. The new snapshot of the job market, released by the Labor Department today, underscored the damage...
Bankruptcy More Common with the Economic Decline
March 27, 2008
When she was laid off in February, Patricia Guerrero was making $70,000 a year. Weeks later, with bills piling up and in need of food for her family, this middle-class mother did something she never thought she would do: She went to a food bank. It was Good Friday, and a woman helping her offered to pay her utility bill. “It brought tears to my...
U.S Home Prices Decline
March 26, 2008
The drop in U.S. home prices accelerated in early 2008 and shows no sign of bottoming. Preowned home prices nationwide fell by a record 11.4 percent in January, according to the monthly S&P/Case-Shiller home price index released Tuesday. And while Dallas home prices continued to hold up better than those in its peer cities, the closely watched report showed that values here fell by 3.3...
Chiropractors Accused of Multistate Scam
March 25, 2008
As reported by the Dallas Morning News, Allstate Insurance Co. filed a lawsuit Thursday in Dallas against Chiropractic Strategies Group Inc. of Arlington, accusing it of orchestrating a multistate scam involving doctors, lawyers and telemarketers. According to the lawsuit, telemarketers working for Chiropractic Strategies solicited auto accident victims to come in for a free check-up. Doctors would tell the patients they had severe injuries, while...