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Economy

Economy's out of immediate danger, but expect slow going in 2012, says Fed economist

By Mary Delach Leonard, Beacon staff
Posted 4:21 pm Mon., 1.16.12
Come June, the Great Recession will have officially been over for three years, but the nation's housing hangover looks like it's going to linger for a spell, predicts economist William Emmons of the St. Louis Federal Reserve. Emmons also expects that the down housing market may slow urban sprawl as homebuyers discover they don't have to move far for attractive housing choices.

St. Louis' first Startup Weekend is hard wired for innovation

By David Baugher, special to the Beacon
Posted 5:16 pm Sun., 1.15.12
Robert Hedges has been involved in businesses from the ground up before. He just needs to run across someone with the right idea. Fortunately, he knows where he might look. St. Louis' first Startup Weekend, Jan. 27-29, promises to bring together dozens of potential innovators, mostly in high-tech areas and information technology, eager to start new companies. _{Image from SXC.hu}

4 million Americans eligible for free foreclosure review to find servicer errors

By Mary Delach Leonard, Beacon staff
Updated 10:10 am Thu., 1.12.12
Receiving a letter from the Office of the Comptroller of the Currency could be good news for 4 million Americans who were dealing with home foreclosure in 2009 and 2010: It means they are eligible for free independent reviews of their cases — and possible financial compensation if their servicers erred in the process. Letters to eligible borrowers have been mailed, and the deadline for filing applications is April 30.

Foreclosure activity down in 2011 but expected to rise in 2012

By Mary Delach Leonard, Beacon staff
Posted 11:01 pm Wed., 1.11.12
Foreclosure filings in 2011 dropped significantly due to a "dysfunctional" process -- and not because the U.S. housing market is out of the woods, according to RealtyTrac, an online foreclosure marketing company. RealtyTrac predicts that foreclosure activity will pick up as lenders get their houses in order as they straighten out their paperwork and legal issues.

Open letter to Rachel of Cardholder Services: Stop calling me!

By Mary Delach Leonard, Beacon staff
Posted 8:51 am Fri., 12.30.11
Are you sick of those sometimes daily phone calls from "Rachel from Cardholder Services" promising lower rates on your credit card — especially if you've already signed up on the national Do Not Call registry? If so, you're not alone. The Federal Trade Commission is trying to crack down on these telemarketers. In the meantime, one Beacon reporter has a message for Rachel: Stop calling. _{Photo illustration by Brent Jones \| St. Louis Beacon}

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Editors' Picks

Nation
- Romney wins Nevada caucuses: The former Massachusetts governor tightened his claim to dominant front-runner status in what had been a turbulent Republican presidential race. | Washington Post
- Eight sailors discharged from the Navy after a hazing incident: They allegedly assaulted and choked a sailor as part of a rite to initiate the sailor into a new department. | AP
- Supreme Court throws out Texas redistricting map drawn by judges: Minority groups complained they were denied sufficient voting power by Republican lawmakers who sought to maximize GOP electoral gains. | AP
- After opposition grows, Senate delays vote on online piracy: Talks are expected to continue between the warring sides — Hollywood and content providers are on one side and Silicon Valley and the tech community on the other. | Politico
Region
- Sen. Kirk's condition upgraded to good as he continues recovery from stroke: The Illinois Republican watched the Super Bowl Sunday as he continues to visit with family and friends. | NilesPatch.com
- Opponents of Express Scripts-Medco merger, including big grocery chains, make their case to FTC: The agency is weighing whether it has enough evidence to stop the $29 billiion deal. | Reuters
- Kinloch's new city manager is parolee: Eric Mason left prison a year ago after serving time for writing bad checks. | STLtoday
- Joplin leaders endorse long-term recovery plan: It outlines projects that can be undertaken from housing to economic development affected by the catastrophic May 22 tornado. | Joplin Globe
World
- Prolonged stalemate between Fatah and Hamas ends: Palestinian Authority President Mahmoud Abbas will head a joint government that will prepare for new elections. | Washington Post
- Winner of 2010 Tour de France found guilty of doping, stripped of title: The Court of Arbitration for Sport also suspended Spanish cyclist Alberto Contador for two years. | LA Times
- U.S. closes embassy in Syria: As violence intensified, it pulled all diplomats and U.S. staff out of the country. | Washington Post
- Deadly cold snap cripples Europe: It has claimed nearly 300 lives, bringing air travel chaos to London and dumping snow as far south as Rome and even North Africa. | ABC
Econ.
- Home sales rise in December to their highest level since last January: Historically low mortgage rates and a pickup in employment may be giving Americans the confidence to purchase homes that have fallen in value. | Bloomberg
- New claims for jobless aid fall by 52,000, more than expected, to lowest level since April 2008: Another report showed the cost of living was little changed in December for a second month as stores cut prices to boost holiday sales. | Bloomberg
- Industrial output rises in December on strong manufacturing: Production increased 0.4 percent last month after falling 0.3 percent in November. | Reuters
- Wholesale prices drop unexpectedly in December: The producer price index fell 0.1 percent, the second decrease in the past three months. | Bloomberg
Edu.
- Nixon says Missouri universities should not make up lost state funding with big tuition hikes: He said they should try to keep increases at no more than annual cost of living. | AP/Springfield News-Leader
- Students in St. Joseph want to make jumping jacks the official state exercise of Missouri: They pressed a state representative to introduce the bill, saying it honors a Missouri war hero, John J. Pershing, reportedly, the inventor of the jumping jack. KBIA/KWMU
- Rockwood puts $43 million school bond issue on April ballot: Recent controversies in the district had derailed earlier plans to seek more financial support. | STLtoday
- Washington U. tuition rises 3.8 percent to $42,500 for next school year: Housing will also increase about 3.9 percent and meal plans by 2.7 percent. | Student Life

'The Road Show' improv

Brent Jones | St. Louis Beacon

This Saturday was the debut of a new show by The Improv Shop that will bring out of town improv teams to St. Louis to play for — and with — a local audience. The Road Show brought teams "Everybody Grok" and "Felt" from Chicago.

We talked to Eric Christensen, producer of the Road Show and member of local improv team "Ted Dangerous"; Katie Nunn, member of "Ted Dangerous" and improv coach; and Melanie Penn and Ranjan Khan, members of local teams "Melanj" and "Magic Ratio"; about the St. Louis improv scene and why it's important to welcome teams from other cities to perform here.

See a larger version of the slideshow

Topics

Separating myths and realities about Meacham Park

Kirkwood resident and Beacon contributor William Freivogel opened our series on Kirkwood's Journey, a look at Kirkwood's efforts to understand how race affects the city since the deadly city hall shooting in 2008. This piece, part one of two, looks at the Meacham Park and misconceptions.

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Voices

'Real' TV from Snooki to Mitt

M.W. Guzy fears his daughters' affection for trash TV might have been genetically inherited, as he finds himself drawn to the anybody-but-Mitt show, playing on a loop on cable "news' channels.
Letter from Honduras: Family in December

Miguel Dulick recounts a trans-Honduras tour that, again, reminded him of the power and joy of keeping siblings and parents connected.
A speech business leaders won't give

Ken Schechtman says that publicly traded business will not -- perhaps cannot -- put doing the right thing ahead of legally maximizing profits.

Beacon Roundtable

Roundtable for Feb. 2 - Missouri Primary, redistricting, a Komen controversy and fighting crime with moneyball

In this week's Beacon Roundtable, Dick Weiss, Jason Rosenbaum, Jo Mannies, Robert Joiner and Dale Singer sit down to talk about the Missouri primary and redistricting, the controversy around…
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Beacon Blog

We apologize for the inconvenience

Editor Margaret Wolf Freivogel says the problems that froze the Beacon's site in the past are being fixed: Thank you for your patience.
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On chess

Women's world champion cruises in Gibraltar

Ben Finegold checks out the women's play at the Tradewise Gilbraltar Chess Congress, particularly the chess played by 17-year-old Hou Yifan of China.

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