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Front Page: Foreclosures Grow by 70%, US Hands Province to Iraqis, Pirate Attacks Up 75%

  • Foreclosures Grow by 70%:
    The number of homes in a state of foreclosure grew 70 percent in the third quarter of this year, compared with the same time last year. Almost 766,000 homes received at least one foreclosure related notice between July and September. By the end of the year it's thought there will be a million bank-owned properties for sale, or a third of all houses on the market.
  • US Hands Province to Iraqis:
    Iraqis have been given control of security of the province of Babil by the US military. This marks the 12th of 18 provinces to be given back to Iraqi control. Babil has seen much sectarian violence including a clash two days ago between militants and tribesmen which killed 15 people.

  • Pirate Attacks Up 75%:
    On the Ukranian arms ship hijacked by Somali pirates, food and water are running low. So far only $1 million has been collected toward the pirates' initial $20 million ransom demand. Pirate attacks are up 75 percent this year off the coast of Somalia. A NATO flotilla is sailing to the waters now to begin anti-piracy operations in the next few days.


Join The Conversation
Well, that's true. I so need to win the lottery right now.
UnDave35 UnDave35 8 years
Only if you got a job and can afford it.
Great-Sommelier Great-Sommelier 8 years
ARggghhh, pesky pirat
Whatchu talkin' about, Dave? It's the perfect time to buy a house in any of those places. They're reeeeeal cheap...
popgoestheworld popgoestheworld 8 years
FDR wasn't in the whitehouse for 16 years. Unless he was buried there. I guess that's a basic history question though, not a basic math question. Also 1 in 500 is .2% so it would be 99.8%, not 99.88%.
Roarman Roarman 8 years
I just wanted to say that everyone I know who has graduated college, including myself has had to take a basic statistics course. And 6.2% out of millions is not a small number. And I may be wrong on this but unemployment rates only count those that have lost jobs and filed for umemployment benefits, not those struggling to find jobs after graduating college or trying to reenter the work force and having no luck. I no four people who are running into this problem. Where are you getting your figures for forecloure rates? I read something that said in the second quarter foreclosure rates were actually at 1 in 171 households. I don't know how to post links, so I couldn't do that.
Donatello Donatello 8 years
The panic-mongers are out in force this year trying to convince people that the sky is falling in a hopeful attempt to boost those voting for the Socialist Obama. Foreclosures represent fewer than 1 in 500 homes, so 99.88% of homes are fine. An increase of some astronomical number is a fallacy if they are charting the increase of a fractional percentage. The presstitues can get away with this simply because most people have never had a course in basic statistics, let alone be familiar with the classic ruses for abusing them - hence, the adage, there are three kinds of lies: -Lies -Damned Lies -Statistics The same thing with unemployment. The Chicken-Little press would have us all believe that we are in the depths of a Depression - the likes of which have never before been witnessed. Problem is, unemployment is 6.2% on a national level. During the Depression it was 25% - largely due to the economic mismanagement of FDR, who for 16 years sat in the Whitehouse and got it all wrong.
colormesticky colormesticky 8 years
Too bad I'm getting laid off soon, I can almost afford a house in California now. :rotfl: Crap!
popgoestheworld popgoestheworld 8 years
I love stories about pirates. ARRR.
Roarman Roarman 8 years
I also heard on NPR last week that the rates of foreclosure are actually hugely underreported due to rural areas not being accounted for in the figures.
UnDave35 UnDave35 8 years
"Six states _ California, Florida, Arizona, Ohio, Michigan and Nevada _ accounted for more than 60 percent of all foreclosure activity in the quarter, with California alone making up more than a quarter of all U.S. foreclosure filings." So there's a list of 6 states not to move to for the next few years...
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