The Equivalent of the Population of Michigan Foreclosed
Since 2007, the foreclosure crisis has displaced at least 10 million people from more than four million homes across the country. Families have been evicted from colonials and bungalows, A-frames and two-family brownstones, trailers and ranches, apartment buildings and the prefabricated cookie-cutters that sprang up after World War II. The displaced are young and old, rich and poor, and of every race, ethnicity, and religion. They add up to approximately the entire population of Michigan.
Three civil servants who left the Serious Fraud Office with ‘golden goodbyes’ worth £1million have been urged to hand money back to taxpayers.
David Green, the new director of the Serious Fraud Office, has written to the three senior executives who left last year after retirement and redundancy packages were granted without government approval.
Their cars were slicker, more modern and, crucially, more reliable. So what did they get right - and what did we get so badly wrong?
The answer lay on the factory floor. In Germany, the management and the unions worked closely together in the interests of the common good.
Indeed, by law all German firms still have Works Councils, where the bosses and the unions are required to work 'in a spirit of mutual trust'.
In Britain, by contrast, car factories in the Sixties and Seventies became battlegrounds, where militant, posturing shop stewards and arrogant, complacent managers fought out an overt class war.
Houses prices rose at their fastest rate in three years last month, in further signs the market is on the mend.
Prices rose by 3.9 per cent to an average of £170,825, according to building society Nationwide.
Prices saw their strongest annual upswing since August 2010 and rose on a month-on-month basis by a ‘robust’ 0.8 per cent.
Dr Tyrrell said: ‘We’ve found that as people become better off, changes in their lifestyle alter the types of chemicals in their bodies, rather than reducing the overall amount.
‘This realisation has a profound impact on the way we treat chemical build-ups, suggesting we should move to dealing with groups based on lifestyle, rather than earnings.’
By comparing the results from six separate populations, the researchers have been able to show strong associations between 18 different chemicals and poverty ratings.
Individuals with higher incomes had larger amounts of several toxicants, including urinary mercury, arsenic, caesium and thallium, with diet likely to play a key role in their accumulation.
It is a perversely inverted society when the people who do the backbreaking work to harvest one of the necessities of life are underpaid, underinsured, under-protected and under-respected while the Chicago commodity brokers – where the white collar gamblers sit in air-conditioned spaces and speculate on futures in foodstuffs’ prices – are quite well off, to put it modestly.It is a perversely inverted society when the people who do the backbreaking work to harvest one of the necessities of life are underpaid, underinsured, under-protected and under-respected while the Chicago commodity brokers – where the white collar gamblers sit in air-conditioned spaces and speculate on futures in foodstuffs’ prices – are quite well off, to put it modestly.
Over a decade ago, the US initiated two calamitous wars in Afghanistan and Iraq, with a terrible human cost that is still paid every single day. The then-UN Secretary General Kofi Annan declared that the Iraq invasion was illegal; the country is today still awash with car bombings and gruesome sectarian bloodletting. It was always in the interests of the US elite to keep the consequences of their actions as far away from public consciousness as possible.
Produced by Marathon Refinery but owned by Koch Carbon, the pet-coke piles have for months been producing "fugitive dust" - ie: thick black crud - that blankets the homes of outraged residents and lawmakers; analysis shows the dust contains elevated levels of lead, sulfur, zinc and the likely carcinogenic vanadium. Environmental officials say the Koch Brothers broke the law by not getting a permit for their toxic dump, and they can't guarantee there won't be another "dust event," but not to worry: The Kochs reportedly plan to move the mess to some other poor beleaguered place. So then they can worry.
Because turbines for the Centrica scheme off Skegness are made in Denmark, Danish and Swedish workers are being drafted in daily to work on them.
Scandinavian Airlines will even begin a six-days-a-week service between Copenhagen and Humberside Airport in October to keep up with demand.
The whole construction of the wind farm was largely foreign, with a French company making the cabling in Germany and Norway and the foundations being manufactured in Holland.
Local resident Geoff Mills, 42, who lives in Telford, Shropshire, added: 'They are cutting jobs left, right and centre and then spending thousands on sleek swanky devices for councillors.
'If its saving £20,000 each year but they are spending £360,000 on them - it seems like stupid maths to me.
Martin Parton, who says he was employed on three different occasions, said: ‘I think they had it all mapped out. They just got rid of you when they felt like it.’
An investigation by Channel 4 News found that employees are tracked using GPS tags while inside the warehouse.
If staff are found to breach any of the company’s rules, such as talking to colleagues or leaving work early, they can be dismissed on a ‘three strikes and you are out’ basis.
A ‘squeezed middle’ of graduates will end up paying far more for their student loans than highly paid peers or low earners, a study shows.
And women face the heaviest burden because they earn less than men on average and will take longer to pay off their debt, exposing them to more interest payments.
The ‘inequitable’ situation was discovered by an academic using the government repayment calculator
A chocolatier who has been forced to shut up shop has left a frank goodbye note in his store's front window detailing how the costs of running the business ate up all of his takings.
Simon Dunn, whose clients included Sir Alex Ferguson, Premier League footballers and Coronation Street actors, told his customers he was making just £100-a-week profit 'on a good week' and it was giving him sleepless nights.
Mr Dunn, 52, listed the outgoings for his 'busy and popular' shop, which showed that his £208,000-a-year taking were being swallowed up by £52,000 in yearly rent and business rates, £41,600 in VAT and taxes, £41,600 in supplies and £67,600 on wages.
Around 350 part-time workers drafted in to cover the opening of the Queen's London home this summer are denied usual rights like holiday and are not certain of a single hour's employment.
Zero-hours contracts do not set a minimum number of hours that have to be worked, with staff on call all the time, not knowing whether they will have work from one week or month to the next.
Today Deputy Prime Minister Nick Clegg revealed the law could be changed after a government review into the contracts, to prevent workers suffering from 'unacceptable uncertainty'.
A scandal-hit hospital trust will be dissolved and critical care, maternity and pediatric services at Stafford Hospital cut under health administrators' proposals.
The hospital will keep its current part-time accident and emergency department but will lose other services in a major shake-up.
Stafford Hospital was the focus of a major public inquiry after it was found poor care may have led to the deaths of hundreds of patients as a result of maltreatment and neglect.
The Francis Inquiry highlighted 'appalling and unnecessary suffering of hundreds of people' under the trust's care, with some patients left lying in their own faeces for days, forced to drink water from vases or given the wrong medication.
The administrators said smaller trusts like Mid Staffordshire can neither hire or retain enough specialist doctors to give patients the proper standard of clinical care, while the NHS nationally is already moving towards a model providing larger specialist centres.
“No one wants to work for $7.25 an hour,” he said. “No one wants to have a job with no benefits. If there were alternative options, they would gravitate to them. These are not ignorant people. If they could, they would be doing something more rewarding and fulfilling and better compensated than flipping burgers.”
BP is to appeal $1billion of compensation payments for its Gulf of Mexico oil spill, after lashing out at ‘absurd’ claims by US law firms cashing in on the disaster.
The British oil giant yesterday increased its estimate of the total bill for the 2010 disaster to an eye-watering £27.7billion. Some £6.3billion of the total is made up of claims by people who say the accident cost them money, many of them fishermen, hoteliers and restaurant owners.
But BP is set to battle ‘fictitious’ claims by ‘greedy’ lawyers looking to use the oil company as a cash machine.
Nearly a fifth of all pupils are considered to have problems including learning difficulties, speech and language needs or a form of autism, the data shows, with twice as many boys as girls affected.
However, the results were met with incredulity by some education experts yesterday. Two years ago a damning Ofsted report said 450,000 children had been labelled SEN to cover up poor teaching.
British Gas made £23 every second from its customers in the first six months of 2013, it was revealed today.
After raising its prices just before last year's record-breaking cold winter, the energy giant raked in a £356million profit from households during the first half of this year - up 3.2 per cent on 2012. As people cranked up the heating to deal with plunging temperatures, residential gas consumption alone soared by 18 per cent during the first four months of 2013.
The news has led to consumer groups demanding they freeze the price of gas and electricity to ensure households can afford to keep warm this winter.
Fifteen out of 50 payday lenders have quit rather than prove their business practices are up to scratch, after a watchdog ordered them to show that they act responsibly.
The Office of Fair Trading (OFT) said that 14 of the lenders have told it that they are leaving the payday market and another firm which failed to meet the deadline has said it is no longer operating as a lender. The watchdog has been carrying out a probe into 'deep-rooted' problems within the industry, such as lenders encouraging struggling borrowers to roll over loans they cannot afford so that the debt balloons.