Current Events

Caritas Sale to Cerberus Approved By Massachusetts SJC

The Boston Globe is reporting on “breaking news” that Supreme Judicial Court Justice Francis Spina  held a hearing on the sale of the Caritas Christi Heath Care system to Cerberus Capital Management today. Justice Spina signed-off  on the transaction tranferring the assets of a non-profit entity to a for-profit entity. This was the…

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More foreclosure fallout

The big national lenders that halted foreclosure activities two weeks ago have now resumed after their self-scrutiny of the documentation related to mortgages that are to be foreclosed. The efficacy of this review is questionable; if it’s anything like the degree of care these same companies brought to granting the…

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A Ray of Hope on Jobs

www.dailyfinancereport.com via aol.com is reporting an encouraging trend in employment/unemployment nationwide. America’s bedraggled labor market got a boost today with the latest weekly initial jobless claims unexpectedly plunging 21,000 to 434,000 — their lowest level since July. A Bloomberg survey had expected the report to show a total of 455,000…

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