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San Diego home loans failing at record rates

Haydesigner in San Diego's picture
Submitted by Haydesigner in ... on Sat, 02/16/2008 - 5:38pm. ::

This is going to get uglier (nationwide) than virtually everyone thinks...

Home loan failures in San Diego County continued their steady climb in January, setting records for both foreclosures and the notices of default that are the first step in reclaiming mortgaged properties.

The number of foreclosures in the county was 1,305, up 32 percent from December and up nearly 257 percent from January 2007. Notices of default totaled 3,109, up 21 percent from December and up 145 percent from the previous year.


Ya think?

Haydesigner in San Diego's picture
Submitted by Haydesigner in ... on Sat, 02/16/2008 - 10:46pm. ::

BOSTON, Feb 14 (IPS) - Leading U.S. scientists called on Congress Thursday to make sure the next president does not do what they say the George W. Bush Administration has done: censor, suppress and falsify important environmental and health research.

"The next president and Congress must cultivate an environment where reliable scientific advice flows freely," said Susan Wood, a former director of women's research at the U.S. Food and Drug Administration (FDA). Wood resigned her post in 2005 in protest over the FDA’s delay in getting emergency, over-the-counter birth control onto the market.

"Serious consequences can result when drug safety decisions are not based on the best available scientific advice from staff scientists and experts," she said.

Surely everyone who is not a neo-con knows this (and don't call me shirley).

The Union of Concerned Scientists has been tracking the Bush Administration’s activities within the scientific community. No fewer than 1,191 scientists employed at nine federal agencies have reported to the group that they fear retaliation from their superiors because the results of their research are threatening to corporate or other interests, according to Grifo.