Foreclosures 101 – Part 1

foreclosures soar

*+-Kwazi Nkrumah: For years the banks, real estate agents and investors in real estate securities on Wall Street were making money hand-over-fist. They did all this while pretending to break from their previous established history of gross discrimination and red-lining against the disproportionately non-white borrowers whose limited financial resources forced them into “sub-prime” status in the first place.

Mortgage Foreclosures, Housing, and the Current Economic Crisis

Foreclosure

*+-So far, here in the U.S., over 4 million homes have been foreclosed on since mid-2006. Because consumer spending drops drastically whenever housing values decline, the entire U.S. economy has been in a tail-spin throughout this period. Over 10 million jobs have been totally eliminated due to a dramatic drop in consumer sales and the resultant decline in production.

The Texas State Board of Education and History Standards: A Teacher’s Perspective

Texas board of ed

*+-Ron Briley: Unfortunately, this debate over standards often rages with little input from history teachers who are expected to implement mandated curriculum. This attitude derives from a fundamental lack of respect in our culture for teachers. Thus, it is assumed that dentists and real estate agents are better equipped to make curricular decisions than are history educators.