Dollars & Sense: Housing crisis not over; oil prices surge
February 22nd, 2011
04:49 PM ET

Dollars & Sense: Housing crisis not over; oil prices surge

A roundup of today's CNNMoney news:

'Substantial risk' of 25% drop in home prices: National home prices fell 4.1% during the last three months of 2010, compared with 12 months earlier. And things may get a lot worse.

Should you pay off your house?: An increasing number of homeowners are wondering if it makes sense to hasten the day they can say goodbye to a big monthly expense while earning the equivalent of a decent, guaranteed return.

Oil prices surge 6% on Libya unrest: Worries about widespread supply disruptions are causing oil prices around the world to spike. And drivers are getting worried they may soon see $4 gas at the pump. But an industry group says the world has plenty of oil so there’s no need to panic.

Teachers under attack: Hundreds of thousands of school employees - teachers, as well as aides, school nurses, librarians, administrators and bus drivers - could lose their jobs in coming months. And a growing number of governors and lawmakers are taking aim at teachers' rights to collectively bargain. Meanwhile, Detroit is closing half its schools.

Motorla Atrix: Smart but needs work: If you’re holding out for the next cool phone, you might need to wait just a tad longer. Motorola's super-powered Android phone may be able to act as a netbook, but there are still bugs to work out.

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Filed under: Dollars & Sense
soundoff (26 Responses)
  1. RUFFNUTT

    better gas up... prices are going up..

    February 22, 2011 at 4:54 pm | Report abuse |
  2. Jim the Honest fixed income trader

    Head for the hills. Illegal state defaults are coming.
    Three dollar a gallon gas was just a brief respite and conditioning for four then five dollar gas.

    February 22, 2011 at 5:47 pm | Report abuse |
  3. banasy

    Are you happy, people? Keep attacking the unions right to collective bargaining, and all the schools will be closing. And then the top 2% of the Nation (who do NOT provide any services beyond speculating with other people's money, and NO goods at all) will decry how bad the education has gotten in this country, while counting their money. Keep this all in mind when the unions are disbanded because of the greed of the 2%, and your boss comes in and tells you your pension is gone because a spec didn't pan out, and gee, you're gonna have to take a 5 dollar/hr pay cut because the company says so, and you have no way to fight back because you have no bargaining rights, and no way to protest. Hope you're happy, all. The conservatives are not conserving anything except their own wallets. Now they're trying to empty mine. Canada is sounding better all the time. Yay, Team US!

    February 22, 2011 at 5:49 pm | Report abuse |
  4. banasy

    I meant the 2% of the wealthiest in the Nation. Sorry, but I'm angrier than a wet hen with her foot stuck in a sprinkler!

    February 22, 2011 at 5:52 pm | Report abuse |
  5. raven

    Banasy,as usual is spot on . I know because this very thing happened to my brother. Its all about bustin up unions and leavin em nothing to bargain with .

    February 22, 2011 at 6:02 pm | Report abuse |
  6. banasy

    Bless you, my sweet liitle raven, and may the wind rushing through your hair be the breath of angels.
    I miss Glem. This is *hard*!!! Lol
    and I'm not always spot-on, but in this case, I'm *ticked!!!*

    February 22, 2011 at 6:16 pm | Report abuse |
  7. RUFFNUTT

    MY moped is gaining in value every day..

    February 22, 2011 at 6:25 pm | Report abuse |
  8. ed bailey

    Banasy if you think your alone worry not. I'm a vet with a medical emergency(broken tooth) who was refused help at the Va.at the beggining of this diaster I went 22 monthhs without Utah giving me one nickle of benefits. Wife has epilepsy and the house went back to the bank just before Christmas. Fu America some of you just may get what you deserve.

    February 22, 2011 at 6:31 pm | Report abuse |
  9. Vanilla Vince

    When will our government wake up and start drilling all we've got domestically? We will never be able to be independent of foreign sources but we can sure do a lot more to lessen our dependency. Look for 5 a gal for gas by summer at this rate. This unrest overseas certainly qualifies as an emergency to do what we need to to get more oil here. Obama and the domestic-drilling obstructionists are going to take us straight into a double dip recession when energy prices spike.

    February 22, 2011 at 6:51 pm | Report abuse |
  10. RUFFNUTT

    seems like it might be a good time to invest in harley davidson stock? the hd sportster 883 gets like 58 mpg.. and when the gas goes up they will sell alot of them..

    as for me i'm going to install a big magnet on the front of my camaro and attach it to the back of trucks and put it in neutral and let them pull me.. also i have parts off an old sail boat that im going to attach to the roof..

    February 22, 2011 at 7:19 pm | Report abuse |
  11. Field reporter/correspondent

    This just in ; banasy is a Hermaphadite/ news flash .com

    February 22, 2011 at 7:28 pm | Report abuse |
    • RUFFNUTT

      did you personally inspect?

      February 22, 2011 at 7:29 pm | Report abuse |
  12. Field reporter/correspondent

    Yes, I did, and now we're getting married. I can swing both ways with just one person! Smart, huh?

    February 22, 2011 at 7:59 pm | Report abuse |
    • RUFFNUTT

      BUT WHAT ABOUT APU???

      February 22, 2011 at 8:10 pm | Report abuse |
  13. Field reporter/correspondent

    This just in: I’m marrying banasy! Watch it at:http://personnyhermahaditewedding.blogspot.com/2011/01/egypt_29.html

    February 22, 2011 at 8:54 pm | Report abuse |
  14. Field reporter/correspondent

    He doesn't get a vote.

    February 22, 2011 at 8:54 pm | Report abuse |
  15. cowboy

    unions are no good..all they do wreck havoc on a company.. just look at what happened to general motors.. then the tax payer (me an you) had to bail them out..

    February 22, 2011 at 9:44 pm | Report abuse |
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