Real Estate
  • ACLU sues Morgan Stanley for racial bias over mortgages

    ACLU sues Morgan Stanley for racial bias over mortgages

    By Jed Horowitz, Reuters

    NEW YORK (Reuters) - The American Civil Liberties Union sued Morgan Stanley on Monday, accusing the investment bank of racial discrimination in packaging risky subprime mortgage loans into securities...

  • Exclusive: Study shows $1.2 trillion gap for public pensions

    Exclusive: Study shows $1.2 trillion gap for public pensions

    By Hilary Russ, Reuters

    (Reuters) - The largest 100 public pension funds have around $1.2 trillion of unfunded liabilities, about $300 billion above the nearly $900 billion they reported themselves, according to a new...

  • Insight: HK's Victor Li, son of "Superman", has hard act to follow

    Insight: HK's Victor Li, son of "Superman", has hard act to follow

    By Alex Frew McMillan, Reuters

    HONG KONG (Reuters) - Back in the days before e-mail, Victor Li, the heir to Asia's largest family fortune, used to sleep with a fax machine by his bed, ready for his famously restless father, Li Ka-...

  • Spain, U.S. fiscal cliff may spark market correction: BlackRock's Fink

    Spain, U.S. fiscal cliff may spark market correction: BlackRock's Fink

    By Chikafumi Hodo and Nathan Layne, Reuters

    TOKYO (Reuters) - Investors should brace for three or four months of jittery markets due to uncertainty over support for Spain and the looming "fiscal cliff" threatening the United States economy,...

  • Many of the Rich in Congress Get Richer

    By The Fiscal Times Staff

    Even a dismal economy didn’t prevent rich lawmakers on Capitol Hill from becoming richer. Congressional members’ personal wealth collectively increased by more than 5 percent between 2007 and 2010,...