U.S. Inflation Hits 17-Year High

As Increases Move Beyond Food, Oil: U.S. inflation soared to a 17-year-high annual rate in July, a government report showed, led by gains in food, energy, airline fares and apparel.

http://online.wsj.com/article/SB121871617494640459.html?mod=googlenews_wsj



Home foreclosure filings up 55 percent in July

U.S. foreclosure activity in July rose 55 percent from a year earlier as a slump in once-sizzling housing markets forced yet more borrowers to default on their mortgages, according to a monthly report.

http://news.yahoo.com/s/nm/20080814/bs_nm/usa_foreclosures_dc



The outrage in your credit card's fine print

Americans have now racked up nearly $1 trillion in credit-card debt. As housing equity shrinks and costs rise, agencies such as Moody's report swelling numbers of accounts with balances three or more payments past due. Reinforced by abusive industry practices, the plastic safety net is becoming a permanent cage.

http://www.csmonitor.com/2008/0813/p09s01-coop.html


From Information Clearing House



http://freepage.twoday.net/search?q=foreclosure
http://freepage.twoday.net/search?q=mortgages

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