Tag Archives: economic crisis

Weekly Economic Update | LAEDC

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How a $140 bill snowballed into foreclosure – Economy Watch

Vulpis didn’t know he had a big problem with the four-year-old bill until last December, he said, when he was served with papers notifying him that he had lost his Middletown, N.J., home to foreclosure. Neither he nor his wife were notified of the foreclosure process until the final judgment was granted last December, he said.

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Idle corporate cash piles up | David Cay Johnston

IRS data suggests that, globally, U.S. nonfinancial companies hold at least three times more cash and other liquid assets than the Federal Reserve reports, idle money that could be creating jobs, funding dividends or even paying a stiff federal penalty tax for hoarding corporate cash.

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Do the ‘Job Creators’ really need more cash? – Ed.

Weekly Economic Report | LAEDC

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