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Posted inMoney and Politics

Firm’s mortgage bailout plan relies on municipal seizures

A foreclosed homeJeffery Turner/Flickr Former San Francisco Mayor Willie Brown and a longtime business partner are among investors in a company drawing criticism for working with local government officials to take over and discount underwater mortgages. The plan gained impetus last month, when officials in San Bernardino County formed a joint powers authority to consider a […]

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Posted inMoney and Politics

Danger Zone: Aging nuclear reactors

Despite the Fukushima catastrophe in Japan last March, nuclear power is experiencing a rebirth in the United States. Billions of dollars in federal funding has been allocated to develop nuclear capacity; applications are under consideration to build more than a dozen new reactors; and last month, the Nuclear Regulatory Commission announced approval for the construction of […]