Banks and Finance

December 21, 2006 - In the growing body of research showing that high-interest "sub-prime" home loans are bad for consumers and the economy, the Center for Responsible Lending has released a damning study that finds one out of five subprime loans end up as foreclosures:

December 14, 2006 - The number of U.S. homeowners who have fallen behind on their mortgage payments is climbing, and the delinquency problem is especially severe in storm-ravaged Mississippi and Louisiana, where many people face the threat of losing the roof over their head from a disaster of a different kind.

September 22, 2006 - Forbes has released its latest list of the "Richest 400" in the country. For the first time in the magazine's rankings, all on the list are billionaires.

September 7, 2006 - Several progressive blogs, including Facing South, have noted the Census Bureau's latest report on income and poverty. The latest right-wing talking point is that the statistics are bogus, and you won't believe why:

September 5, 2006 - Winn-Dixie, a Florida based grocery chain, filed bankruptcy in 2005. As part of their reorganization plan, they want back some of the property taxes they paid in Mississippi:

July 20, 2006 - Real estate investors looking to cash in on foreclosures note rising foreclosure rates around the South:

July 19, 2006 - Ralph Reed, the former darling of the Christian right movement, conceded defeat in his bid for the Republican nomination for Lt. Governor of Georgia at 10 pm last night.