Peter Viles at LA Times brings us another gallery of foreclosed properties in LA. Peter features one on his blog L.A. Land: A foreclosure bargain: The tires are free!. Check it out.Here is another example ... (more)

Asha Bangalore at Northern Trust presented a great chart today on continuing unemployment claims. Click on graph for larger image.This morning I noted that continuing claims had reached the 3 million level for the first ... (more)

From CNN: House OKs controversial housing plan In a 266-154 vote ... lawmakers approved a proposal ... to let the Federal Housing Administration (FHA) insure up to $300 billion in new loans over four years ... (more)

From AP: AIG loses $7.8 billion in 1Q on swap, investment charges More details soon. ... (more)

From The Chattanoogan.com: State Cutting Over 2,000 Jobs Due To Tax Shortfall (hat tip JKB) Gov. Phil Bredesen said Wednesday that state tax collections have been "deteriorating dramatically" in recent months...... he said April tax ... (more)

Professor Tim Duy writes at Economist's View: Misunderstanding the CPI. This is an excellent discussion of CPI, and review of David Loenhardt's article yesterday in the NY Times: Seeing Inflation Only in the Prices That ... (more)

Here is our monthly look at unemployment claims. Note that continuing claims has now reached a four-year high of 3 million.From the Department of Labor: In the week ending May 3, the advance figure ... (more)