Though the amount of money spent on construction jumped for the first time, two months ago, projects in the private sector dropped to numbers not seen since 1999. Housing as well as commercial real estate construction has hit a low not seen in decades.

Millions of people come to visit California every year. They visit friends, family or landmarks and beaches. It’s a large and beautiful state and has a great deal to offer its visitors.

Some financial analysts believe the battered housing market needs, yet, another three years to fully recover. While reports from the media tell us “things are getting better,” there are some lingering and hurtful factors which are affecting the housing market’s recovery process.

The Justice Department, only two days after Goldman Sachs’ executives were grilled and humiliated by lawmakers, has launched a full-on, criminal investigation of Goldman Sachs’ mortgage securities deals.

The CIT Group Inc., a New York based business lender, announced it turned a profit its first quarter since it went through its bankruptcy protection process. This can mean a lot to both the small and midsized businesses which receive financial assistance from CIT Group.

In Delaware, Six Flags bondholders, who have been fighting over control, told a bankruptcy judge recently they have agreed on a revised Chapter 11 reorganization plan, for the theme park operator.

Attorneys working on the law firm of Scott Rothstein's bankruptcy case, have written to Florida Republican Party, Gov. Charlie Crist and some other politicians, demanding they return the $650,000+ in campaign donations, made by the firm.

President Barack Obama was recently very direct and on target when making his case for financial reform, close to where the economic crash all began—near Wall Street at the Cooper Union, in lower Manhattan. He, rightfully, blamed the fiscal meltdown, only two years ago, on bankers’ “failure of responsibility.

This week, a recent report from the Mortgage Bankers Association, shows 1.2 plus, million households have been lost in the recession.

The nearly $75 billion, Making Home Affordable program, introduced by the Obama administration, is effecting homeowners’ credit scores. While the program is certainly helping borrowers avoid foreclosure, it may come at the cost of lowering their credit scores.