| Independent unveils revamped website
An announcement on the site boasts an improved search facility and the promise of more image galleries and graphics on the updated site.
Bill Swanson, general manager of The Independent, said the new site was only 'the first step' in a series of online developments for the paper.
"The technology and platform will create an environment which allows us to continue to improve content and functionality," he said in a press release.
"It will transform the user experience and will provide more flexibility for our advertisers to reach The Independent's unique online audience with a larger inventory, and new ways to interact with users."
Simon Kelner, editor-in-chief, said the new site provided 'a valuable extension to the paper's print offering'.
Task force sets price tag to avoid foreclosures in Del.
To stem the rising tide of foreclosures over the next six months, Delaware needs $720,000 for emergency assistance home loans, $232,000 to hire more housing counselors, and a yet-to-be-decided chunk of change to step up public outreach, the lieutenant governors foreclosure task force said today.
The number of Delawareans in foreclosure during the first two quarters of 2007 has increased 90 percent over the same period last year, and those who were seriously delinquent in their mortgage payments has increased by almost 60 percent, Lt. Gov. John Carney said at a press conference held in Wilmington to announce the task forces interim report.
The problem is worse than ever and its getting worse, Carney said.
The task force has not yet determined where the money will come from, Carney said, but would continue to meet and seek funds from government and private sources.
Bank of America profit slide underlines mortgage market woes
The upheaval in the mortgage market, a slowing economy and an increasingly stretched consumer have made the last few quarters among the toughest since Kenneth Lewis, the chairman and chief executive of Bank of America, took over in 2001. So Tuesday's emergency rate cut by the Federal Reserve was a "pleasant surprise" to Lewis, who said the move should help stave off a recession. "It was a bold and decisive move and was exactly what the market needed," Lewis said in an interview. "Growth had become very sluggish. Absent any moves, we were very close to a recession. This gives us a chance not to have one." Yet Lewis said the problems that banks — including his — have been facing would continue, and he predicted "anemic" growth in the first half of the year.
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