For foreclosure processors hired by mortgage lenders, speed equaled money Millions of homes have been seized by banks during the economic crisis through a mass production system of foreclosures that was set up to prioritize one thing over everything else: speed.
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Attorneys general to initiate foreclosure probe Attorneys general from dozens of states are set to announce Wednesday a joint investigation into the nation’s biggest lenders, but will stop short of calling for a moratorium on foreclosures in their jurisdictions, officials said.
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Chilean miners to begin emerging by 7 p.m. SAN JOSE MINE, Chile – After 68 days deep in a dank, hot purgatory, the first of 33 trapped miners was expected to be hoisted to freedom Tuesday night, ending a dramatic life-and-death struggle that has mesmerized much of the world.
Read the entire story here: http://www.washingtonpost.com/wp-syndication/article/2010/10/12/AR2010101203510_mobile.xml
on the transformation of salaries in baseball, as facilitated by Marvin Miller, one-time USW economist & later head of the baseball players’ union:
Miller’s goal was to get his ballplayers to think like steelworkers—to persuade members of the professional class to learn from members of the working class. His great insight was that if you brought trade unionism to the world of talent—to a class with great social and economic resources, whose abilities were exceptional and who couldn’t be easily replaced—you wouldn’t be measuring your success in fractions of a dollar anymore. The class struggle that characterized the conventional world of organized labor would turn into a rout. And so it did: the share of total baseball revenues paid to baseball players in salary went from ten percent in the pre-Miller years to near fifty percent by the beginning of the eighties.
Link goes behind paywall—but well worth the newstand price of $5.99 for this article alone! http://www.newyorker.com/reporting/2010/10/11/101011fa_fact_gladwell