Top Five Stories You May Have Missed



Here are the five top Moneynews stories from the past week that you may have missed:
  1. Larry Summers: Economy May Be Mired in 'Secular Stagnation'There is reason to worry that the economy is stuck in the muck of "secular stagnation," says Harvard professor Lawrence Summers, a former top economic adviser to President Barack Obama . . . Click Here.
  2. Bernanke: 'Bad Luck' Contributed to Subpar RecoveryFederal Reserve Chairman Ben Bernanke says the U.S. economy's slow recovery from the Great Recession has been subpar for several reasons, including the extensive damage from the housing bust and tight budgets at all levels of government . . . Click Here.

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  3. Bill Isaac: Yellen 'Highly Qualified' to Lead FedJanet Yellen is a "highly qualified" replacement for Federal Reserve Chairman Ben Bernanke, but will have her hands full calming "scared, nervous investors," says Bill Isaac, senior managing director of FTI Consulting and former chairman of the FDIC . . . Click Here.
  4. Report: 6.4 Million Home Mortgages Still UnderwaterApproximately 6.4 million homes were still underwater at the end of the third quarter, meaning homeowners owed more on their mortgages than the homes were worth, according to a study from research firm CoreLogic . . . Click Here.
  5. Consumers Abandon Chain Restaurants Some of what were once among America's largest chain restaurants are now shells of their former selves, losing as much as 50 percent of their sales and closing hundreds of their locations . . . Click Here.