Can Cities Sue Banks Over Predatory Loans? Supreme Court Will Decide

The New York Times WASHINGTON — The Supreme Court on Tuesday weighed whether cities can sue banks under the Fair Housing Act for predatory lending, even if foreclosures that stem from such loans affect a city only indirectly. The case before the justices was brought by Miami after the 2008 financial crisis. The city said that discriminatory mortgage lending practices by Bank of America and … Continue reading Can Cities Sue Banks Over Predatory Loans? Supreme Court Will Decide

One in five 20 to 34-year-olds has moved back in with their parents in the last year because they cannot afford to rent

[huge_it_slider id=”4″]   One in five young adults has moved back in with their parents or grandparents in the last year, having previously lived independently, according to research into the plight of the ‘clipped wing’ generation. Housing charity Shelter found that 20 per cent of working 20 to 34-year-olds in England had moved back in with their family at some point in the last 12 … Continue reading One in five 20 to 34-year-olds has moved back in with their parents in the last year because they cannot afford to rent

A high-speed rail from L.A. to Las Vegas? China says it’s partnering with U.S. to build

Julie Makinen
The Los Angeles Times
September 17, 2015

A discussed high-speed rail project linking Southern California and Las Vegas will be built by a U.S.-China joint venture, Chinese officials said Thursday, though many details about the agreement remained hazy.

Announcement of cooperation on the XpressWest project adjacent to the 15 Freeway comes days ahead of Chinese President Xi Jinping’s state visit to the United States. Financial terms of the agreement, and the cost of the project, were not immediately clear. Continue reading “A high-speed rail from L.A. to Las Vegas? China says it’s partnering with U.S. to build”