Amid hearings on the cause of the Deepwater Horizon disaster, government scientists, academics, and those most affected by the Gulf oil spill are at odds over the extent of its effects.
Bank of America and JPMorgan Chase are being sued by homeowners who say that banks failed to honor mortgage contracts, foreclosing on families making payments on proposed modifications.
Tuition at four-year public universities rose again this year, outpacing inflation, according to a report released Thursday by The College Board. Federal aid to states and students softens the bite.
The foreclosure crisis over paperwork may sting big banks and slow the foreclosure process, but it is unlikely to have lasting effects on the housing market, say financial experts.
To environmentalists, the lifting of the deep-water drilling moratorium Tuesday comes too soon. To the industry, it is seen as the beginning of a new era of uncertainty.
A federal moratorium on deepwater drilling imposed after the Gulf oil spill is expiring this fall, but economists warn that oil companies may not be prepared to restore the thousands of jobs that were lost.
Money from charitable foundations and $142 billion in federal funds have produced a substantial recovery in metro New Orleans, says a report released ahead of hurricane Katrina anniversary.
Home sales plunged in July and housing prices may dip again. But in six metropolitan areas, the housing picture is far brighter: Home values are rising and median prices are already well ahead of their peak during the housing bubble. What allowed these metro areas to beat the downturn in home sales prices? Two are state capitols. Five have lower-than-average unemployment. All of them had undervalued real estate, even at the height of the housing boom, says Lawrence Yun, chief economist for the National Association of Realtors (NAR). When mortgage rates fell, "they had room to grow" and home sales rose. Is your city on the list? Click on the right arrow to see each metro area:
Drilling on the relief well has stopped while BP prepares to raise the failed blowout preventer from the sea floor. The effort is not just a safety precaution. The equipment is also evidence that may reveal how the Gulf oil spill happened.
BP says it will stay for years, but some oil spill relief operations are winding down. The loss of BP jobs, along with the drilling moratorium, could mean tough times for the Gulf Coast.