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Foreclosures halted by two big banks

Posted Feb 13th 2009 3:00PM by Michael Fowlkes (RSS feed)
Filed under: Good news, Consumer experience, Citigroup Inc. (C), JPMorgan Chase (JPM), Economic data, Politics, Housing, Recession, Financial Crisis

moratorium on foreclosuresThe alarming rate at which foreclosures have been rising over the past year is definitely something to be concerned about. Today, some homeowners are getting a little breathing room as a couple of the biggest banks are granting a moratorium on foreclosures.

As Lita Epstein pointed out yesterday, last month was the tenth month in a row where foreclosures were in excess of 250,000 as 274,399 foreclosures were filed in January. The foreclosure epidemic has been a serious drain on the overall economy, and it is hoped that the Obama administration is going to be able to develop a plan to help keep homeowners in their homes.

Continue reading Foreclosures halted by two big banks

Cell phone fury: Order in the court or else

Posted Aug 28th 2006 11:52AM by Victoria Erhart (RSS feed)
Filed under: Bad news, Law, Rants and raves

When Lake County Indiana Criminal Court Judge Diane Boswell demands order in her court, you better believe she means it. Frustrated by repeated disturbances from cell phones ringing during proceedings, Judge Boswell demanded to know who the guilty parties were. When the offenders seated in a row designated for court visitors did not speak up, Judge Boswell ordered the entire row of visitors to serve detention in chairs usually reserved for jail inmates. The visitors had to sit there until morning court was completed. Then Judge Boswell began to dispense justice.

Judge Boswell fined a woman on disability $100 for failure to silence her phone. She ordered a man to serve 40 hours community service because he was one of the offenders but did not speak up promptly when Her Honor first inquired. Judge Boswell even fined the woman sitting next to this man 40 hours of community service because she didn't rat the guy out. The moral of this AP press release: Don't bring your cell phone to Judge Boswel's court.

This is not the first case of judges throwing the book at cellphone users in court. In July, U.S. District Court Judge Wiliam Shubb swept down off his bench in search of the offending cell phone ring. Finding the phone in the hands of a older woman, Judge Shubb took the phone, opened the court room door and threw the cell phone into the hallway. He then ordered his marshals to confiscate every cell phone in the court room.

There seems to be an immediate need for Motorola, Apple or Cingular to supply non-offensive ringtones. Maybe the theme to Judge Judy's show?

TWX buys other half of Court TV

Posted May 17th 2006 3:52PM by Anne Metz (RSS feed)
Filed under: Products and services, Television, Time Warner (TWX)

Last week -- for a mere $735 million --Time Warner bought Liberty Media's 50% stake in Court TV (prior to the buyout, Court TV had been a joint venture for TWX and Liberty Media).

The talking heads are busy pontificating about what this does to the value of Court TV, arguing that this puts the company at about $18 per subscriber.

I, of course, am far more interested in pontificating about what this will do for Court TV. My fears:

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Last updated: November 27, 2009: 01:52 AM

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