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U.S. markets recover from steep losses
SACRAMENTO, Nov. 30 (UPI) -- A lawmaker urged California Gov. Arnold Schwarzenegger Friday to call a special legislative session to deal with the expanding subprime mortgage crisis.
Assembly Speaker Fabian Nunez, who called for the session, warned that time is running out for a fix to the rash of foreclosures and to stop what critics call predatory lending practices, the Los Angeles Times reported.
"If you think we are in trouble now, just wait and see what happens," said Nunez who also worked with Democratic lawmakers on a package of new consumer protections.
Meanwhile, Schwarzenegger kicked off a $1.2-million education campaign in Riverside to help borrowers and lenders restructure loans before a home is lost to foreclosure.
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CANBERRA, Australia, May 23 (UPI) --
Australia has passed legislation establishing the $10 billion Clean Energy Finance Corp. to provide grants and government investment to green projects.
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ORLANDO, Fla., May 23 (UPI) --
The U.S. Air Force has added Lockheed Martin to its list of companies for support of its medical services worldwide.
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The housing inventory rose slightly in April, which is unusual in the middle of the spring sales season. The uptick may be the result of rising seller confidence and it should ease concerns that the super tight inventory levels of the last six months...
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What if Europe turned out to be the new Japan?
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