About half of U.S. mortgages seen underwater by 2011
By Al Yoon NEW YORK (Reuters) – The percentage of U.S. homeowners who owe more than their house is worth will nearly double to 48 percent in 2011 from 26…
Lost Generation
By Wendell Marsh – Analysis WASHINGTON (Reuters) – Americans fresh out of university are discovering their expensive degrees are not the entry ticket to a job they had hoped in…
Rich Harvard, Poor Harvard
For years, administrators at Harvard University could throw money at anything that tickled their fancy. A new medical school building for $260 million? Sure. A massive, Robert A.M. Stern—designed addition…
Secular bear market could last into 2010, maybe through 2020
Investors whose retirement nest eggs have taken a beating during the last two recessions shouldn’t count on the markets bouncing back any time soon. As several experts have noted, there…
China passes US auto market in first-half sales
BEIJING (AP) — China surpassed the United States as the world’s biggest auto market for the first half of 2009 after June sales soared 36.5 percent from a year earlier,…