Interesting Housing News Links (April 24, 2009)

* Inland foreclosures surge in March after law’s delays expire (Leslie Berkman, Press-Enterprise)

Foreclosure activity soared to a record high in Riverside and San Bernardino counties last month, as lenders sent notices of default, the first step in the foreclosure process, after delays from moratoriums and a California law that required them to contact borrowers and try to find an alternative.

* Sharpe’s point: Frequent questions about citrus (Kenneth Sharpe, Daily Star)

We live a little too far north to make citrus a viable option for farmers in this area. It is, however, worth the risk for many homeowners.

* Inflation tax (Scott Ploof, Daily Star)

While many conservatives fail to acknowledge the fact that there is a growing gap between the rich and the poor, members of the political left claim that the poor are getting poorer and the rich are getting rich due to mishandled and failed fiscal policies such as the tax cuts that have rewarded the wealthy.

* Citigroup could cut 70,000 jobs; India, Mex, Brazil loans sour (Tom Belden, Philadelphia Inquirer)

Citigroup CEO Vikram Pandit tells staff he wants to cut 20% of 350,000 worldwide workforce as business slows. Citi announcement

* CEOs Should Stop Spinning, Start Thinking (Carol Hymowitz, Wall Street Journal)

Forget the charisma and the polished speeches. Those may have been the qualities top executives were judged on this past year, when every other chief executive was publishing a book, appearing on prime-time television or socializing on

* European Stocks Rise; Banks Rally (Sarah Turner, Barron’s)

European shares ended higher Wednesday, with banking shares posting a strong finish as investors balanced a more optimistic view on the economy with downbeat results from Morgan Stanley.

* Diane & Ed: A storm of loss and heartbreak (Kathy Boccella, Philadelphia Inquirer)

For two years, Ed Kelly – the Brit from Leeds – did not visit his South Philly fiancee, Diane Muraglia.

* Economy falters as U.S. citizens turn frugal (Raymond Billy, Daily Star)

Conservative commentators were quick to praise President Bush for the economic expansion of 2002 to 2007, but now they decry the practices that spawned that growth.

* West Side Tenants Seek to Organize at Conference (Kevin Shin, Columbia Daily Spectator)

The Housing Conservation Coordinators held its 3rd Annual West Side Tenants Conference last Saturday, attracting hundreds of low-income city tenants to Fordham University at Lincoln Center where the event was hosted.

* Grand Tour of Europe? Nope, Grand Tour of Colleges (Beth. J. Harpaz, McDowell News)

Forget the Grand Tour of Europe. If your kid is in high school, your next family vacation � in fact, your next couple of family vacations � may well be the Grand Tour of Colleges.


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