Scotsman.com News - International - US mortgage crisis forces homeowners to take refuge in their cars

Scotsman.com News - International - US mortgage crisis forces homeowners to take refuge in their cars: "THEY are victims of the United States' growing mortgage crisis - low-paid workers whose homes have been repossessed amid rising interest rates, a stagnant property market and a lax lending regime.

But in Los Angeles, where having a car is as essential as owning a home, many are sleeping in their vehicles to ensure a roof over their head."

World powers may be ready to consider Tehran's enrichment program - Israel News, Ynetnews

World powers may be ready to consider Tehran's enrichment program - Israel News, Ynetnews: "The United States, Russia, China and the European Union are for the first time ready to listen to an Iranian proposal that would allow Tehran to keep some of its uranium enrichment program intact instead of mothballing it completely, government officials said Tuesday."

Existing Home Sales Plunged in March: Financial News - Yahoo! Finance

Existing Home Sales Plunged in March: Financial News - Yahoo! Finance: "WASHINGTON (AP) -- Sales of existing homes plunged in March by the largest amount in 18 years, reflecting in part rising troubles in the subprime mortgage market."

BBC NEWS | Programmes | From Our Own Correspondent | Moscow's suburb for billionaires

BBC NEWS | Programmes | From Our Own Correspondent | Moscow's suburb for billionaires: "Fifteen years ago everything in Russia was owned by the state. Today a quarter of Russia's economy is owned by 36 men."

March Home Foreclosures Up 47 Percent Year-on-Year

March Home Foreclosures Up 47 Percent Year-on-Year: "NEW YORK -- U.S. home foreclosures rose 7 percent in March from February to 149,150, reflecting the struggle of subprime borrowers to keep their homes, real estate data firm RealtyTrac said Wednesday."

Flight from U.S. dollar gathers strength

Flight from U.S. dollar gathers strength: "The assault against the U.S. dollar intensifed yesterday as the greenback slumped to historic lows against currencies as diverse as the U.K. pound and the Polish zloty amid growing conviction among investors higher returns lie beyond U.S. borders."

Digital Journal - Candidate says US going bankrupt

Digital Journal - Candidate says US going bankrupt: "Presidential candidate Ron Paul, campaigning in Iowa, says that the US is going bankrupt.
Speaking to a group of supporters at the University of Iowa, the Republican candidate said that:

'As time goes on, our country will realize that we can't afford to pay all the promises we've made.'

He said that our entitlements programs, the wars in Iraq and Afghanistan and our monetary policy are causing such a drain on the country's finances that in the very near future our trading partners abroad will lose confidence in the dollar and then there will be a very severe financial crisis, possibly worse than the Great Depression of the 30's. "