Texas Real Estate Slump Lets Mexicans Take It Back!
Faster Inflation May Unleash `Financial Tsunami': Rising consumer prices will leave more U.S. consumers unable to pay their debts and may lead to a ``financial tsunami,'' according to Bennet Sedacca, president of money manager Atlantic Advisors LLC in Winter Park, Florida.
House-sellers outnumber purchasers by 15 to 1: There are 15 times more homes for sale than people to buy them - a worrying signal of the imbalance between supply and demand in the housing market.
Food relief line grows long, tense: The chaos that erupted outside Milwaukee County's main welfare office Monday over disaster-related food aid had more to do with a weak economy and crushing poverty in parts of this community than the devastating floods that swept through the state earlier this month, local government and food relief officials said.
Exxon oil spill damages reduced: The US supreme court has overturned a lower court's ruling that ordered ExxonMobil, the oil giant, to pay $2.5 billion in compensation for the 1989 Exxon Valdez oil tanker spill in Alaska.