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Keeping rural arizona ‘Afloat’: USDA development program provided $750 million to bolster outlying areas (access required)

The three most prevalent words in politics these days are jobs, jobs, jobs.

On one hand, incumbents are doing and saying what they think they should in order to hang onto their jobs, and challengers are scurrying about trying to figure out ways to snatch those jobs for their very own.

But the jobs that really matter are the ones that constituents still have, are in danger of losing, have lost or are applying for.

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Banks as tenants: Cleaning and maintaining foreclosed properties bad for banks, good for specialists (access required)

The time, effort and money required to upkeep a home that normally would have been put in by the homeowner shifts to the bank when occupants desert their house. Lenders have to pay to clean up their sometimes-trashed properties to get them ready to sell. These properties, which will sell at a drastically lower price than when they were new, are putting a great strain on those institutions’ profitability, which affects their ability to make new loans.

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