The Rundown: Foreclosures, Working Hard In the U.S., How Not to Buy a Lemon

August 8th, 2012 - By Tonya Garcia

Image: Hemera

-The Huffington Post takes a closer look at the deflating situation homeowners in foreclosure find themselves in. Back in February, the Obama administration and the nation’s five largest banks reached a $25 billion settlement to resolve “complaints of unlawful foreclosure practices.” Many say things haven’t changed despite the coming October deadline.

-Mitt Romney and President Obama are appealing to women and the working class  during their latest campaign stops. Romney attacked President Obama’s record on welfare.

-Feel like you’re working harder? The Labor Department says worker productivity was up 1.6 percent. That’s a modest figure, but if this keeps up, companies might have to hire. This is a bit of good news following the poor outlook of Monday’s jobs report.

-In Olympics news, Aly Raisman walked away with two more medals, a bronze on the balance beam and a gold medal on the floor exercise, making her the first American to win that individual competition. Gabby Douglas competed on the balance beam, but didn’t medal. Ever gracious, she said, “If it wasn’t my time to shine, it wasn’t my time to shine… I wanted to finish off on a good note. Event finals is something a little extra.” Love her.

Australia’s Sally Pearson beat out her American competitors to take the gold medal in the 100-meter hurdles. Dawn Harper and Kellie Wells, both from the U.S., took silver and bronze respectively. Lolo Jones didn’t medal again, prompting these very sad comments. And now this. Ugh. Allyson Felix competes in the 200-meter race today.

-USA Today offers tips to avoid purchasing a used car that’s been in a wreck.

-Resources for small businesses, and particularly black-owned businesses, are hard to come by. But TIME‘s Gary Belsky makes the argument that it’s a worthy investment.

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