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Away from spotlight, U.S. manufacturers battle back from ‘China shock’
August 4, 2016 by publisher · Leave a Comment
By Howard Schneider HICKORY, North Carolina (Reuters) – As furniture makers left Hickory and headed to China at the start of the century, the local community college shuttered its courses in furniture production, abandoning an industry that had sustained this North Carolina community for generations. The U.S. economy lost almost a third of its manufacturing jobs from 2000 to 2010 and the Republican presidential nominee Donald Trump's pledge to get tough with China and rip up trade pacts to “bring jobs back” has resonated among millions…
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Away from spotlight, U.S. manufacturers battle back from ‘China shock’
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New U.S. mortgage rules aim to stop wrongful foreclosures
August 4, 2016 by publisher · Leave a Comment
The U.S. agency charged with protecting consumers' finances approved rules on Thursday that will help prevent wrongful home foreclosures, as the regulator continues to press on with reforming the country's massive lending market. The rules by the Consumer Financial Protection Bureau (CFPB), created in the aftermath of the U.S. housing bust that began in 2006, build on current regulations requiring a mortgage servicer to grant certain foreclosure protections to a struggling borrower once …
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New U.S. mortgage rules aim to stop wrongful foreclosures