Govts new plan targets mortgage crisis and foreclosures
The administration unveils an overhaul to reduce loan principals for some troubled borrowers, aiming to curb foreclosures amid banking and investor disputes over principal cuts. Analysts say it may prevent up to 1.5 million foreclosures, with critics noting limited reach and reliance on investor cooperation.
MENTIONED IN THIS ARTICLE
Tration
Mark Zandi
Moody’s Analytics
Chris Mayer
New York
Columbia Business School
Federal Financial Bailout Fund
Laurie Goodman
Amherst Securities Group
Congress
Treasury Department
Scott Talbott
Financial Services Roundtable
Jim Truschel
la Mirada
Calif
Truschel
Budget: Senate Dems to offer tax plan
Senate Dems propose income tax measures to raise funds for restoring proposed cuts in a draft budget for social services health care and elderly programs. Chairman Jay Emler a Republican from Lindsborg questions the quick collection of new taxes and warns the deficit could reach five hundred million dollars. He and Hensley suggest a more serious shortfall than that may lie ahead.
MENTIONED IN THIS ARTICLE
Senate
Ways and Means Committee
Jay Emler
Lindsborg
Emler
Hensley
Medicaid cuts hit Mosaic and mental health groups statewide
Advocates sue as developmentally disabled lawmakers warn cuts will raise future costs. Mosaic agencies report a 1.4 million statewide loss from a 10 percent Medicaid rate reduction, with Garden City funding down 40 000 to 45 000 monthly. Staff wage freezes, higher premiums, and possible further cuts threaten independence for about 125 clients served locally. A statewide waiting list for vocational and residential services nears five years, hindering independence and doctor visits. Area Mental Health projects a 550 000 loss and calls for restoration of Medicaid funds as staff reductions and tightened services already erode crisis response and transportation aid. Charity care in Finney County rose 43 percent, while payrolls and living costs tighten further.
MENTIONED IN THIS ARTICLE
Garden City
Reynolds
Ther
Mosaic
Noelle Anglesey
Southwest Developmental Services Inc
Kansas
Mark Hinde
Southwest Developmental Services, Inc
SRS
Area Mental Health
Dalke
Finney
Area Mental Health Agency
Preliminary hearing starts for Ulysses man Porter in Morals case
Porter faces questions over tax services to the Morals in 2005 and a post service login on the Locke & Associates account. His defense claims the user ID was set jointly by Porter, Darren Wilke, and Moral. Judge Peterson will rule on a property return motion after the hearing. Moral was charged in January with theft, theft of services, identity theft and three forgery counts related to Finney County cases.
MENTIONED IN THIS ARTICLE
Porter
Moral’s
Linda Eckelman
Moral
Locke & Associates
Eckelman
KBI
Ron Hagen
Darren Wilke
Clint Peterson
E. Central St
Grant County
S. Main St
Tiger Lily
Julie Moral
N. Joyce St
Pri
Peterson
U.S. District Court
Wichita
Dudleys
N. Main St
Lance Babcock
Thomas Pinnick
Grant County Bank
Moral Claims
Morals
The
Finney County
Also Mentioned on This Page
Gov't
Senate Dems
Emmaus House
Abuf
Ric Dalke
AMH
Ulysses
Holiday Inn Express Hotel
East
Kansas Avenue
Lone Star Steakhouse & Comporation
Ian
Lala
Pacpen Reais
Lakin
Elaine Burra
Ivernool
Debbie Kensh
Cou
Che
Women’s Clinic At
St. Catherine Hospital
Catholic Health Initiatives Women’s Clinic
Main
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