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Nearly 90-percent of homeowners in Mountain House, California owe more on their mortgages than their houses are worth. Hundreds of residents are being forced to hand their homes back over to the banks. (Nov. 12)
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REPORT : Las Vegas residents have been hit hard by the financial crisis. Unemployment is at a record high, and even the casinos are suffering. Local authorities are struggling to cope; the crisis has already cost the state almost a fifth of its budget.
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The tranquil suburb of Bandar Mahkota Cheras (BMC) descended into chaos last night when police doused some 500 residents with water cannons and fired dozens of tear gas canisters into the crowd.
Full story at Malaysiakini.com
Camera: Andrew Ong
Editing: Ng kok Foong
The AP's Ted Shaffrey talked to Harlem residents a day after Barack Obama became the first African-American to be elected President. Many people are still celebrating the win, while others are now wondering what changes the Democrat will make. (Nov. 5)
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According to a Straits Times report, Ang Mo Kio-Yio Chu Kang Town Council has invested a total sum of S$1.5 million dollars in the credit-linked products.
On 20 November 2008, The Singapore Enquirer visited Ang Mo Kio Central and asked the residents there directly on their views.
The AP's Ted Shaffrey talked to Harlem residents a day after Barack Obama became the first African-American to be elected President. Many people are still celebrating the win, while others are now wondering what changes the Democrat will make. (Nov. 5)