Summit Notebook

Video – Job losses key issue in Ohio

February 25, 2008

The decline in U.S. manufacturing is nowhere more evident than in parts of Ohio.  As factories close, 250,000 manufacturing jobs have been lost in the past four years — and those jobs will be on voters’ minds March 4th when they go to the polls.

Reuters and MSN Money Panel: Off to ‘Money Heaven’

February 21, 2008

panel1.JPGThe enormity of the housing crisis and the subprime meltdown has been clear all week at the Reuters Housing Summit.

Audio-Road to White House may be paved with foreclosures

February 20, 2008

dann2.jpgFor Democrats vying for the U.S. Presidency, the housing crisis offers a chance to put forward a compelling message about the failures of the Bush Administration to regulate the banking and mortgage industry, says a Democratic delegate to the convention, who’s also the Attorney General of Ohio.

Audio-Facing foreclosure? First, talk to your lender

February 20, 2008

faith-schwartz-photo.jpgOne problem in trying to stem the tide of home foreclosures is simply that too few borrowers and lenders are talking to each other to work out new terms.

Foreclosures’ impact “pervasive”-Trenton mayor

February 19, 2008

douglas-palmer-photo.jpg  The current housing crisis presents challenges for U.S. mayors that few elected officials have ever faced before. Rising foreclosures destabilize neighborhoods and families and can lead to higher crime, Douglas Palmer, Mayor of Trenton, New Jersey, told the Reuters Housing Summit on Tuesday.

Audio-Why Sacramento has the worst local housing market

February 19, 2008

jonathan-miller.jpgThe worst housing market in the United States right now is in Sacramento, California, according to Radar Logic’s director of research Jonathan Miller, whose analytics business produces a daily “spot” price for residential real estate in major U.S. metropolitan areas, or MSAs.