dukes of hazard. former governor barb bour ran the state like boss hog. he didn t follow the law. governor barber didn t follow it. it was very clear he had to have this information. he department obtain it before he signed these pardons. now he s caused a public safety issue. these families are afraid out here. these victims have been through a terrible amount. martin savidge is in jackson, mississippi, this morning. martin s what s the constitutional issue here? is haley barbour giving any explanation? i know you tried to talk to him at the beginning of the week and you couldn t get anything. yeah, in fact, we just tried to talk to him again. we put another request in to his officials. once again, flatly turned down. let me point out what the mississippi constitution says when it comes to the issues of pardons, especially pardons granted as a result of the governor. it says in writing in that constitution that there has to be a formal 30-day notification published i
unemployment benefits has dropped, and maybe a sign of slow improvements in the job market. and fewer u.s. homes were foreclosed in july and the foreclosure listing firm says that foreclosure listings fell from a month ago and auctions of homes seized by banks have also fell, and they say it is not a improving market, but processing delays. that is cnbc, business worldwide. back to you, jonathan. thank you. we are told that a house divided cannot stand, and fdr said that fear is our only enemy and jimmy carter warned of a crisis, and bill clinton felt our pain, and now president obama has the daunting challenge to say that the best days are not behind us, and we are once again can become the great nation. and it is the topic of a group by steven beschloss, adrift.
dramatically during the first half of the year but only because of processing delays at the banks. the skewed numbers falsely raise hopes. the housing market is staging a recovery. realty track which keeps data about foreclosures say the delays extend the time to clear the housing market supply of distressed homes which pulls down the prices of others. in every election season there are interesting moments you don t want to miss out on. independence day, a polite but unexpected day two men fighting for the gop nomination but also moments embarrassing and sometimes crippling to a campaign, ask former virginia senator george allen. it s important we motivate and inspire people for something. this fellow over here with the yellow shirt, makaka or whatever he is, he s following us around everywhere. the president of american
news. banks have a massive backlog due to legal trouble and the market is saturated with foreclosed properties. the processing delays are getting longer, and longer. in the first quarter of 2007, it took an average 151 days for homes to go from the first default notice to being reclaimed by the bank. this year, it took more than double that time. a nationwide average of 400 days for the same period. and in some states, it s even worse. foreclosures in new york and new jersey took an average 900 days to process. now at the current rate, it would take four years to get through the 3.7 million properties now considered seriously delinquent. that s going to do it for me today. thanks for joining me. i appreciate your time. i ll see you back here 11:00 a.m. eastern tomorrow, every weekday morning. but until then, you can follow me on twitter at underscore thomas roberts. richard lui is here for contessa. three years foreclosures, a long time. the new targets of identity
disappointing jobs numbers out today. the number of people filing for first-time unemployment claims rose by 26,000 last week. that s after the prior week s data showed a huge improvement with total claims falling to almost three-year low. as of now, 397,000 people are receiving benefits. on the home front, foreclosure filings hit a three-year low last month but don t get too excited yet. the reduction has to do with processing delays. loan servers are facing legal hurdles that are clogging up the system. new developments in the charlie sheen saga. high profile departure from broadway s most expensive show ever and lindsay lohan and mel gibson head to court. courtney hazlett, start with the sheen machine. people can hardly wait for more charlie sheen. one of the days the discussion has moved forward now is talks about who s going to replace charlie sheen. well you can knock rob lowe off