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President Barack Obama launches an economic whirlwind this week, signing the newly passed $787 billion economic stimulus package in Colorado, before moving to Arizona to tackle the home mortgage foreclosure crisis.
The G7 industrial powers, fearing a 1930s-style resurgence of protectionism, ended crisis talks in Rome on Saturday with a pledge to do all they could to combat recession without distorting free trade.
The bad mortgages that got the current financial crisis started have produced a terrifying wave of home foreclosures. Unless the foreclosure surge eases, even the most extravagant federal stimulus spending won’t spur an economic recovery.
A U.S. photographer won the top prize in the World Press Photo competition Friday with an image of a police officer searching a debris-strewn home in Cleveland, Ohio to ensure evicted residents had left after a mortgage foreclosure.
A U.S. photographer won the top prize in the World Press Photo competition Friday with an image of a police officer searching a debris-strewn home to ensure evicted residents had left after a mortgage foreclosure.
