Charlotte, N.C., host of the 2012 Democratic National Convention, is the nation's biggest financial center outside of New York. But Charlotte and surrounding Mecklenburg County have the highest foreclosure rates in the state, and many thousands of homeowners owe more on their homes than the properties are worth.
As thousands of Democrats converge in Charlotte for the convention, some troubled homeowners have also gathered, lamenting that the foreclosure crisis has not been sufficiently front and center in the presidential campaign.
On Monday, Republican vice presidential candidate Paul Ryan told a campaign rally audience in North Carolina that "the president can say a lot of things, but he can't tell you you are better off." Later that day in Detroit, Vice President Joe Biden responded "America is better off today than they left us."
New York Times Washington bureau chief David Leonhardt argues that both Ryan and Biden are right: It's partly semantics.
Originally published on Wed September 5, 2012 5:23 am
Pickup trucks sold briskly last month which is good for the bottom line of Detroit's Big Three. One analyst says "the success of the truck segment is usually seen as the harbinger of the overall economy recovery."
The newspaper boy and the milkman might not come around as often as they used to, but the days of subscription and delivery aren't over. The Internet and overnight delivery have combined to make a new type of subscription business possible. The sales pitch is part convenience, part price and part cool factor.
Originally published on Wed September 19, 2012 4:13 pm
McDonald's, home of the iconic Big Mac, is going vegetarian. Well, at least in India, where 20 to 42 percent or more of the population (depending on how you count) eschews meat, according to the Food and Agriculture Organization.