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Political Economy: October 17, 2010 - October 23, 2010

Report: 1.2 million could lose unemployment benefits next month

By Michael A. Fletcher More than 1.2 million people would have their federal unemployment payments curtailed next month if Congress fails to renew jobless benefits when it returns to work following the midterm elections, according to a report released Friday....

By Michael A. Fletcher  | October 22, 2010; 1:12 PM ET  |  Permalink  |  Comments
Categories:  Unemployment  
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What 'Inside Job' does (and doesn't) get right about the financial crisis

Watching "Inside Job," the splashy documentary about the financial crisis that opens in theaters this weekend, is an odd experience for an economics writer. I watched complex subjects in which I've been immersed for more than three years vividly unspooled for a mass audience, often explained by some of the very sources I've turned to over the years (some of whom get pummeled in the process, but more on that later). So what to make of this high-profile effort to offer the same kind of vivid explanation of the financial crisis that "An Inconvenient Truth" provided for global warming?

By Neil Irwin  | October 21, 2010; 1:58 PM ET  |  Permalink  |  Comments
Categories:  Corporations, Financial regulation  
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Fed survey: Modest economic expansion continues

By Neil Irwin The economy continued expanding, though at a modest rate, in recent weeks, according to a new Federal Reserve survey. It shows that though the pace of growth downshifted over the summer, the growth rate appears to have...

By Neil Irwin  | October 20, 2010; 2:02 PM ET  |  Permalink  |  Comments
Categories:  Federal Reserve, U.S. Economy  
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Bank of America to lift foreclosure freeze in 23 states next week

Bank of America said Monday that it will effectively lift its foreclosure freeze on Oct. 25 when it begins resubmitting foreclosure documents to courts in 23 states. The bank said the new documents will be used in 102,000 foreclosure actions in which judgment is pending in the 23 states.

By Ariana Eunjung Cha  | October 18, 2010; 4:10 PM ET  |  Permalink  |  Comments
Categories:  Corporations, Housing  
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Do you have mishandled foreclosure documents?

In recent weeks, Ally Financial, J.P Morgan Chase, Bank of America and others have suspended some foreclosures after it came to light that thousands of foreclosure documents may have been faked, forged or otherwise mishandled. Have you discovered any irregularities...

By Washington Post editors  | October 18, 2010; 12:14 PM ET  |  Permalink  |  Comments
 
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