Home and Shopping

Jo Freeman reviews and writes: Alan Venable was one of Hope’s kids. A junior at Harvard, he joined 18 students from Brandeis University and four from other Boston area schools to go to Columbia S.C. for ten weeks. After two weeks, six of them moved to Calhoun County. When they started canvassing only 490 blacks were registered to vote in that county. They registered 114 in July, under the very restrictive registration rules typical of the Southern states, which were generally applied to blacks but not to whites. When the VRA became law on August 6, it removed the literacy test. Another 500 registered in the next two months. more »

House price growth has varied significantly nationwide since the end of the Great Recession in 2009: In some metropolitan statistical areas (MSAs), prices have grown as quickly as 7 percent annually, while others have seen prices decline almost as quickly, with many more MSAs falling somewhere in between. Since households spend more on housing than any other good or service, we would expect that inflation rates would show the same variation. They do not.  more »

The ripple effects of a market collapse would be severe, and taxpayers would potentially be on the hook for losses posted by failed mortgage companies. In addition to loans backed by the FHA or VA, the government is exposed through Ginnie Mae, the federal agency that provides payment guarantees when mortgages are pooled and sold as securities to investors. The mortgage companies are supposed to bear the losses if these securitized loans go bad. But if those companies go under, the government “will probably bear the majority of the increased credit and operational losses,” the paper concludes. Ginnie Mae is especially vulnerable because almost 60 percent of the dollar volume of the mortgages it guarantees comes from nonbank lenders. more »

Ferida Wolff writes: It’s hard to ignore the changes that are taking place across the world. The atmosphere is heating up, causing glaciers to melt, oceans to rise, more floods, and fires in drier lands. And yet, we can still have snow at the beginning of Spring. It reminds me not to take anything for granted. Trees are so strong and impressive yet they, too, are part of the progression of life. Even as we plan for the future we can live moment to moment along the way. Which is good to remember because another rain/snow storm is expected tomorrow. more »