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Homeowners: Banks not following rules for loan modifications

Homeowners: Banks not following rules for loan modifications
January 19, 2010 --

An examination shows how mortgage servicers have created unnecessary hurdles to getting loan-mods and have violated the government’s rules for the program. “There’s a real resistance on the servicers’ part to making permanent modifications,” said Diane Thompson of the National Consumer Law Center.

Do direct stimulus jobs really cost $533,000 apiece?

Do direct stimulus jobs really cost $533,000 apiece?
October 18, 2009 --

On Thursday, the government released data claiming $16 billion in stimulus money has saved or created 30,383 jobs. Extrapolating those numbers, the administration’s chief economist estimated total stimulus spending would mean more than 1 million new or saved jobs. But do the 30,000 jobs represent a good return? And since the federal contracts for which data was reported this week represent just a sliver of the overall stimulus package, what do they really say about the impact of the stimulus as a whole?

DA: DeKalb school construction probe ‘complex & enormous’

DA: DeKalb school construction probe 'complex & enormous'
October 5, 2009 --

An inquiry into DeKalb County schools’ construction contracts continues, with no hint as to how much longer it will take. District Attorney Gwen Keyes-Fleming has said virtually nothing about the case since Superintendent Crawford Lewis sent her results of an internal review in February. “The case is complex and enormous in scope which is resulting in an extended investigation. We will share our findings when we complete the investigation,” Keyes-Fleming said Friday in a e-mailed statement.