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modified loans, housing market, housing foreclosures, thrift supervision
More than half of all homeowners who had their loans modified to make the payments more affordable in the first half of the year are already in default again, banking regulators said Monday.

The Tribune Company has announced it is voluntarily restructuring its debt under Chapter 11 Bankruptcy protection. The company's full announcement follows.

"Holiday travel" is a phrase that garners strong emotion. It may evoke the best of the season: feelings of warmth and the anticipation of seeing family. But there's a very real chance it will remind you of the journey, not the destination: the lines, the hours logged, and, worst of all, the prohibitive cost -- especially if you are making your plans at the last minute. But last-minute travel doesn't necessarily have to break the bank.

A roundup of recent personnel moves and awards affecting the Hispanic business community.

Ramon Velez, a World War II veteran, activist and former New York City Councilman, who empowered a generation of Hispanic leaders, has died. He was 75. The Puerto Rican-born Velez was widely hailed in the New York metropolitan area as a spirited community organizer and power broker who gave voice to his community.

HispanTelligence Research
Hispanic Economy in Transition Cover Art
Hispanics are now the largest ethnic minority in the United States and during the past decade, U.S. Hispanic purchasing power has rapidly increased. This report takes an in depth look at how today's Hispanic Economy is transitioning into an economic power in the U.S. Click here for the executive summary and table of contents!

The number of Hispanic-owned businesses in the United States is expected to grow 41.8 percent in the next six years to 4.3 million, with total revenues surging 39 percent to more than $539 billion, according to new estimates by HispanTelligence. Spurred by growing entrepreneurial trends and affluence among the nation's largest minority population, the increase is expected to come at a robust rate of 8.5 and 8.7 percent, respectfully, over the next couple years.

For more than two decades, the annual Hispanic Business 500 directory has served as a barometer of the U.S. Hispanic economy. A purchase of the 2007 directory provides the top 500 Hispanic-owned companies list in Excel format including: CEO names; company addresses and telephone numbers; e-mail addresses for 375 companies and Web addresses for 430 companies; and company revenue and employees numbers for 2005 and 2006.

From the current issue of Hispanic Business magazine...
media report, hispanic media, hispanic business
Two renowned scholars to weigh in on what the mainstream media needs to do to better understand white-collar, middle-class Hispanics.

Concern about environmental green issues continues to increase even while credit, jobs and cash tighten with the slump in the U.S. economy. However, there are a number of ways to alleviate some of the pain in your pocket book while being environmentally friendly. Here are three Web sites dedicated to helping you find green products for the home, office and automobile.

He was young, charismatic, and making great money at a Fortune 500 company. At 23, Detroit-native David Segura was living the good life. But like so many entrepreneurs, Mr. Segura had fire in his heart and a yearning to do something more. He walked away from his job at Ford Motor Co. in search of something more personally enriching. More than a decade later, there's no doubt that he made the right move.

Most of us know one of the best ways to avoid the cloying unpleasantness of the present - such as the deepening economic gloom - is to focus attention on the future.

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