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Of fees and the terms end up being worse. at the end of the day, while it would be in the best interests of the homeowner, it is not in the best business decision for the banks. because it costs them more to do a loan modification than it does to for close. does to foreclose. neil: the impetus for change better to make an adjustment now mr. banker than be stuck holding the bag for everything later. the most successful loan modifications include approximately 34.5% principle mortgage reduction. you look at the loss they are taking and they might as well foreclose. unfortunately, that s what they are doing. you have thousands of americans who are in the middle of a loan modification only to get that foreclosure notice. that says, i m sorry, right in the middle. unfortunately, i think it is a little too lay. ....
Abroad. they are not expanding jobs here in the united states by in the reasonable amount. the jon numbers look pretty good. if you consider we need about 350,000 new jobs every single month for the next three, four years to get back to 6% unemployment, this is a very poor jobs numbers, and a very poor jobs report, given what we all to be seeing in a recovery. let me give you two graphs that are really telling. when you look at the top 1% of americans, their average income tax rate has decline from 34.5% in 1980 all the way down to 23.27%. the number you re looking at there is their income, their share of total income for the country. it went up from 9.5% to 20%. ....
At the opening bell. the dow recovered as you see here, somewhat later but still lost 138. the s&p 500 gave back 34.5. jim angle reports on the financial fall-out. the u.s. is feeling the aftershock in many ways. wall street reacted in kind after the japanese market plunged 16% in two days. if there is damage it will occur through the stock market. investor don t like uncertainty and event like this in japan creates a lot of uncertainty. one of the impacts is on the price of oil because japan is the third largest consumer behind the u.s. and china. this is one of the most motorized economy on earth and it burns oil to keep the people productively employed. this leaves more crude on the market, pushing the prices ....
Center. allison, let s start by explaining to people what a bomb slik lone is. you hear that term a lot let s break it down in layman s terms. when the atmospheric pressure drops 24 millibar in 24 hours or less. in this case it dropped 30 millibar in less than 24 hours. all this really means is this let s us know the storm is undergoing rapid intensification. when it does that, this is when you get the strongest northeasters to hit these locations. we had that. one of the other things people often associate with northeasters is snow. it s not a requirement but heavy snow is often associated with it. look at some of these numbers. richmondville, new york, 37.5 of snow. jefferson, 34.5 highest out of upstate, vermont and pennsylvania were also hit hard with snow as well. let s talk about where the storm is now. this is where it was located yesterday over portions of new york and pennsylvania. ....
When president obama takes the podium tomorrow. i did a lot of homework today. over the last 50 years, since 1963, since martin luther king s speech, let s see where we are in the black community. socioeconomics in the black community. they re six times more likely to be incarcerated than whites in federal prison. 25.8% of african-americans live below the poverty line, more than double the white population. if you re african-american, you re six times more likely to be a victim of homicide in america. under president obama s four and a half, five years so far, youth unemployment among african americans went from 34.5% to 41.5%. much worse, food stamp participation off the charts. recent study by the new york times shows income of black families has declined almost 11%. the point is this. bill o reilly a long time ago, couple weeks ago, month ago, said the decline in the black american family is to blame, and he is right, 72% of american ....