Buyers are coming back into the housing market after losing their homes during the financial crisis — returning to homeownership more quickly than lenders have typically allowed.
With millions of families with recent foreclosures on their records, some report that they are having luck buying a house — in some cases within three years.
Retail sales fell in October, for the first time in several months. Analysts largely blamed the hurricane. If they're right, sales will bounce back this month and the economic recovery will continue (slowly, slowly).
That's the big picture. To get a sense of the small picture — messier, more ambiguous — I visited three small businesses on Cross Bay Boulevard, in Howard Beach, Queens. The storm swept in here and flooded the neighborhood.
Within the next two decades, the United States may barely need any oil from the Persian Gulf, due in large part to increased domestic production. That dramatic shift could shake the foundation of U.S. interests in the Middle East.
Originally published on Wed November 21, 2012 9:29 am
By editor
Credit Thorsten Wiehle / Berlin Forestry Commission
"PIGS" are a hot topic in Germany's capital.
Attend any press briefing about how German Chancellor Angela Merkel is going to solve the European debt crisis, and you're likely to hear that acronym, which stands for "Portugal, Ireland (or Italy), Greece and Spain."
But recently, pigs of an altogether different variety made headlines in Berlin.
The FBI review of sensitive email messages between former CIA Director David Petraeus and his biographer-mistress Paula Broadwell has been raising big questions about Big Brother.
One of them: When can federal law enforcement review a person's private communications?
To Julian Sanchez, a research fellow at the Cato Institute, the real scandal over the Petraeus affair is not the extramarital sex, but the invasion of privacy.