This week, the June home sales figures were released showing even a worse month than had been anticipated.  Home sales and home prices both showed significant declines with no end in sight.  Congress' homeowner and mortgage company bailout may be too little too late and even a hike in the minimum wage is being considered a joke.  It's time for the roundup! 

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This past week, while there were rumors of troubles with mortgage giants Fannie Mae and Freddie Mac, the Treasury Department and the Federal Reserve issued an extened line of credit to the two foundations of the U.S. mortgage system.  The federal government also issued announcements about proposed lending restrictions and rules to help curb future subprime lending practices.

Some experts also point to indicators that the U.S. government is not likely to make any more major bailouts of Wall Street financial companies.  I'd still like to see what is being done to bailout the thousands of U.S. borrowers who are facing the loss of their homes due to their own poor decisions.

Either way, this a good topic for this week's roundup! 

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With the great salmonella scare of 2008 entering week 3 and beyond with no answers in sight and nearly 1,000 people infected, the Headliner News Roundup team looks at the facts so far and also the hysteria surrounding the myths.   Also, follow this link for more information about the disease, salmonella, and how to protect yourself without the hysterics! 

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A landmark deal took place this week that is one of the largest government land buy-backs in history.  The state of Florida spent 1.7 billion dollars to buy out U.S. Sugar's corporate holdings on 300 square miles of land.  This land will be reclaimed as wetlands in an effort to stabilize the fragile everglades nearby.

This is a great topic for this week's roundup!

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This week, a report was released stating that U.S. consumer confidence levels have reached a 16 year low.  This amidst turmoil in the finacial markets and congressional consumer lending bailouts and threatened presidential vetoes.

Will the recession level out and the economy begin to recover or are continued hard times on the way?  I think it's time for the round-up!

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