According to an article in the Star-Telegram, American Airlines has cut its fleet from 900 planes to 600. Because it has fewer planes, the company announced 700 job losses and the closure of its Kansas City maintenance base. The job losses will affect mechanics, engineers, management as well as union and non-union workers. No job [...]

According to an article in the Star-Telegram, Fannie Mae is offering homeowners facing foreclosure the option of leasing their home instead of going through the foreclosure process.
The article said:
“The government-controlled company, through its new “Deed for Lease” program, will allow borrowers to transfer ownership to Fannie Mae and sign a one-year lease, with month-to-month extensions [...]

After filing Chapter 11 bankruptcy on Sunday, CIT Group is hoping that it will fair better than previous financial companies who have filed bankruptcy.  According to an article in the Star-Telegram, most financial companies who file for bankruptcy are usually liquidated or sold.
The article said:
“But the real test will come from CIT customers, who could [...]

According to an article in the Dallas Morning News, the Commerce Department reported that new home sales have dropped in September by 3.6 percent.  Some analysts expect that the drop off in sales is a result of potential homebuyers delaying their decision to buy a home due to the expiring tax credit which will end [...]

Domestic abuse on the rise in Dallas-Fort Worth Area

Even under the best of circumstances, things happen that can strain the best of marriages.  The recession hasn’t helped the strain.   Most news reports focus on debt relief as some type of numbers game…what you have to do to get out of debt and a bottom line [...]

According to an article in the Star-Telegram, Senator Christopher Dodd, introduced legislation that would require banks to inform their customers when they overdraw their accounts via e-mail, text message, or postal mail and warn them if an ATM or teller transaction will put them into the red. In addition, the legislation would limit the number [...]

According to an article in the Star-Telegram, the government and many economists claim that the recession is in its waning days; but job losses tell a different story.
The article said:
“The government releases third-quarter Gross Domestic Product figures on Thursday. Many forecasters say they will show GDP growing at an annual rate of about 3 percent, [...]

According to an article in the Star-Telegram, the government and many economists claim that the recession is in its waning days; but job losses tell a different story.
The article said:
“The government releases third-quarter Gross Domestic Product figures on Thursday. Many forecasters say they will show GDP growing at an annual rate of about 3 percent, [...]

As the foreclosure crisis worsens, many homeowners facing foreclosure are finding themselves the target of sensationalists, whiners and finger-pointers. The foreclosure crisis, some say, is the result of irresponsible, greedy homeowners who have taken on more than they could handle and now they’re experiencing the consequences of their extravagance.  But is that really true?
The foreclosure [...]

According to an article in the Dallas Morning News, Texas companies and local governments say they’ve saved or created about 1,100 jobs with stimulus-funded contracts created by the $787 billion state stimulus package; but many critics say the self-reported results are suspect.
The article said:
“The jobs include many instances in which construction companies assert that stimulus [...]

According to an article in the Star-Telegram, the foreclosure crisis is having an impact on the 2010 Census as more families become homeless due to foreclosure.
The article said:
“Director Robert Groves said he expects some of the census questionnaires mailed out in 2010 will land at empty homes in areas hard hit by the housing crisis…Job [...]

According to an article in the Dallas Morning News, Pennsylvania’s attorney general is suing Turbine Airfoil Designs, Inc. a Texas company, for allegedly not paying employees’ health insurance premiums for five months despite the fact that the company was deducting a portion of the employees’ paychecks for health insurance.  Because of the company’s failure to [...]