While federal prosecutors sue Bank of America for its alleged role in the housing crisis, things are looking up for the housing industry. Government numbers out today show that new home sales rose almost 6 percent in September, and that comes on the heels of other promising data out last week on construction activity.
Joining me now to discuss what appears to be a housing recovery is NPR's Yuki Noguchi.
In Detroit, Tigers fans are preparing for the return of their beloved team to the grand stage of the World Series. In a city largely known for hard times these days, the World Series means far more than just a chance at a championship.
Facing high unemployment and crime rates and teetering on the edge of financial collapse, Detroit needs something to celebrate. Maybe something along the lines of the celebration that broke out after the Tigers won the World Series again in 1968.
Women's issues were back front and center in politics on Wednesday after Indiana Senate candidate Richard Mourdock said in a debate Tuesday night that when a rape results in pregnancy "it is something that God intended to happen." Democrats pounced and Mitt Romney distanced himself from the remarks. But the Romney campaign did not ask Mourdock to pull down a TV ad Romney taped for him. Mourdock is in a tight race with Democratic Rep. Joe Donnelly in an overall fierce contest for control of the U.S. Senate.
Marijuana legalization is back on the ballot this year. California voters defeated a legalization proposal in 2010, but now similar measures have cropped up in three more Western states. This time around, some of the most intense opposition is coming from the earlier pioneers of legalization — the medical marijuana industry.
Originally published on Wed October 24, 2012 6:23 pm
In coming months, Congress will begin an epic struggle to get the federal budget deficit under control. One tax break almost certain to come into play is the mortgage interest deduction.
Both President Obama and his Republican rival, Mitt Romney, have suggested ways to scale back the deduction's value for wealthy taxpayers. And many economists are cheering them on, saying that now — when interest rates are low — would be a great time to reduce or even phase out the deduction.