Subprime Bust Forces Families From Homes

Amid Subprime Bust, Some Families With Adjustable Rate Mortgages Lose Grip on Their Homes

The lights are still on inside Foreclosure No. A200642668 -- so while there's time, have a look around. Here's the living room, still covered in the worn blue shag Angela Sneary always intended to replace with the sheen of hardwood. And downstairs, through a curtain of plastic beads, is the basement where husband Tim was going to knock out a wall and put in a foosball table.
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How to Make Really 'Big Money'

When Shanghai and Hong Kong nose-dived a few weeks ago, they pulled American markets down with them. Instantly the media and press turned away from Britney's bizarre behavior and began blabbering breathlessly about the hot new topic du jour, "risk." Here's one of the best metaphors: "We view financial risk much like popcorn popping in a microwave. Until the first kernel pops, one tends to believe nothing's happening," said Merrill Lynch chief investment strategist Richard Bernstein in Time magazine. "The initial pop seems like a random event until the second occurs. A third. A fourth. Then the popping goes wild." Suddenly, an unpredictable, irrational mob takes over.
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Stocks Recover As Economy Worries Ease

Stocks Climb As Signs of Stability Cross Global Markets

Wall Street extended its recovery from last week's big plunge, rising Thursday after several stable sessions helped buttress investor sentiment and allay some concerns about the economy. Thursday's advance helped investors speed past lackluster retail sales figures and focus on more promising comments about March sales. Investors also grew more confident following gains in markets in Europe and Asia. The dollar was mixed against major currencies and fought its way higher against the yen, easing some concern about whether global liquidity would tighten.
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