How Bad Will the Mortgage Crisis Get?

The credit markets are seizing up and the uncertainty recently drove up short-term interest rates for municipalities and some rock-solid institutions such as New York’s Metropolitan Museum of Art to 20%. And now even so-called prime borrowers, the ones who were properly vetted, are being sucked into defaults on their mortgages. Yet it’s still a relatively small number of institutions and individuals getting hurt by this not-yet-a-recession. So what’s the worst that could happen?

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Latinos may choose next US President

A recent Pew Hispanic Center report on trends in Latino voter participation counts a record 24 million Latinos as eligible to vote in November’s presidential election (11 percent of all potential voters). It also finds that Latinos are particularly important in several battleground states. Their rising numbers and geographic concentration suggest that if and how Latinos vote on November 6 could determine the race.

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