The Housing Mess Hits One New York Town Hard

In some parts of the U.S., the real estate market remains deep in recession. But even with housing prices sitting at multi-year lows, millions of houses remain empty, unable to attract buyers haunted by unemployment and a weak …

Former New York Comptroller Pleads Guilty to Corruption

Alan Hevesi, the former comptroller of New York state, has pled guilty to corruption charges that he accepted campaign money and gifts from a California venture capitalist in exchange for directing pension-fund money to the don…