Foreclosure Victims May Lose Votes as Well

//www.commondreams.org/headline/2008/10/14-5

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Job Losses Cut Across 41 States

money.cnn.com — The number of states suffering monthly job losses more than doubled in September, with Michigan losing the greatest number of jobs, according to a government report released. Private sector and government jobs fell in 41 states and the District of Columbia last month, the Labor Department said. By comparison, only 18 states reported monthly job losses in August. The widespread job losses are a sign of a recession, said Bob Brusca, an economist at Fact and Opinion Economics in New York. "You expect to see job losses across the board, across the country," Brusca said. The numbers underline the grim condition of the nation's job market.

//ga3.org/ct/q720pgF1DYj0/



Job Losses May Fuel Foreclosures

marketwatch.com — If 2008 was a record year for mortgages entering foreclosure, 2009 could look even worse: While home-price declines have been driving foreclosure starts recently, mounting job losses could add another layer of stress on American homeowners, the chief economist of the Mortgage Bankers Association said. A recession appears to be underway, according to the MBA's annual economic forecast, which projects negative economic growth through the middle of next year. The MBA presented its forecast to reporters at its annual convention, being held in San Francisco.

//ga3.org/ct/z120pgF1DYjT/



Homeless Numbers 'Alarming'

usatoday.com — More families with children are becoming homeless as they face mounting economic pressures, including mortgage foreclosures, according to a survey of a dozen of the largest cities in the nation. Local authorities say the number of families seeking help has risen in Atlanta, Boston, Denver, Minneapolis, New York, Phoenix, Portland, Seattle and Washington. "Everywhere I go, I hear there is an increase" in the need for housing aid, especially for families, says Philip Mangano, executive director of the U.S. Interagency Council on Homelessness, which coordinates federal programs. He says the main causes are job losses and foreclosures. Other factors have been higher food and fuel prices hitting families with "no cushion," says Nan Roman of the National Alliance to End Homelessness.

//ga3.org/ct/ap20pgF1DYjY/

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Foreclosure Crisis Falls Hard on Veterans

Malcolm Garcia, The Kansas City Star: "It was always hard for him to make the house payment. James Wilson, a disabled veteran of the Iraq War, knows his monthly mortgage payment of $532 doesn't sound like much. But living on a fixed income with a family to support caused difficulties he had not anticipated."

//www.truthout.org/102208D



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