CNBC: US Recession Could Last Up to 36 Months: Roubini — Among his solutions: fix the housing market by breaking “every mortgage contract.” Bernanke said 2010. No wonder Roubini is called Dr. Doom. For more on Roubini, see Nouriel Roubini’s Global EconoMonitor.
All Things Digital:Social Networking More Popular Than Email, More Profitable Than…Er…Um
Los Angeles Times: Average Cellphone Customer Pays More Than $3 Per Minute
Washington Post: More FHA-Backed Mortgages Go Bad Without a Single Payment — Many borrowers are defaulting as quickly as they take out the loans. In the past year alone, the number of borrowers who failed to make more than a single payment before defaulting on FHA-backed mortgages has nearly tripled, far outpacing the agency’s overall growth in new loans, according to a Washington Post analysis of federal data.