Financial Crisis for Beginners

February 4, 2009

Baseline Scenario, a site founded by three individuals. One is a professor at the London School of Economics, another was formerly the Chief Economist at the IMF, and the other is the co-founder of a software company. Together, they have created a website that gives a very basic overview of the Financial Crisis, providing context and easily digestible information. In addition, they are now a content partner with the NPR program Planet Money.

To take a look at their website, Financial Crisis for Beginners, click on the picture below.

baseline-scnario

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Senator Claire McCaskill Announcement

February 4, 2009

Below is a press release from US Senator Claire McCaskill’s office. I don’t quite know what this means to the St. Louis region but we are doing some research here to find that for you. 

$14.8 Million in Federal Grant Funding Coming to St. Louis Area

U.S. Senator Claire McCaskill announced today that the United States Department of Housing and Urban Development (HUD) will provide the St. Louis community with federal grant money worth a total of approximately $14.8 million. The money is being provided through the Housing and Urban Development’s (HUD) Neighborhood Stabilization Program (NSP), which was enacted in 2008 to assist state and local governments in addressing the impact of abandoned and foreclosed properties in the nation’s communities. St. Louis City will receive approximately $5.5 million and the additional $9.3 million will go to St. Louis County.   
 
“Communities all across America and in Missouri are struggling to deal with the effect of rising foreclosures,” McCaskill said. “At the foreclosure clinics I held in Missouri, I heard story after story of hard-working families who were suffering because of this crisis, and I’m pleased this grant money will help the residents of St. Louis to rebuild their communities.”  
 
McCaskill believes that federal grants and loans are a positive alternative to earmarks, which in the past have been authorized during a secretive process with little accountability.  Competitive federal grants and low-interest government loans bring federal assistance to Missouri in an honest and fiscally responsible manner.

Reporters with questions or in need of additional information should contact: 

Maria Speiser – Press Secretary

202-228-6263 (desk) or 202-641-7342 (cell)

Laura Myron – Deputy Press Secretary

202-228-6502 (desk) or 202-384-4132 (cell)


USA Today: Managing your health through crisis

February 4, 2009

This week an article appeared in USA Today that highlighted the effects of the economy on our health.  When times are tough, stress levels increase and many people experience depression. 

 

Our partners have said that in times like these it’s easy to overlook your health—when you’re dealing with financial troubles, they are at the front of your mind.  St. Louis is one of the areas hardest hit by the mortgage crisis, and to make matters worse the unemployment rate here is rising.

 

On our one-hour call-in show which aired January 27th, Carter Whitson, Project Director for the St. Louis Mental Health Board, was featured.  Mr. Whitson believes seeking help is the key.  With the economy the way it is, it’s easy to stop taking care of yourself, to let stress overwhelm you, and to fall into depression.  As our community struggles through this financial crisis, resources are available.

 

For mental health support go to www.providentstl.org or call their crisis hotline at (314) 647-HELP (4357) or their toll-free number at 1-800-273-TALK (8255).

 

 

To see the USA Today article click on the picture below.

USA Today