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Housing prices have been falling for years now, and aren't likely to turn around for a long time. While some economists say renting makes more sense, others insist it's a great time to make a home purchase in many U.S. cities.

In 2008, in Howard County, Mo., a crook was defrauding dozens of farmers across the country with the Midwestern version of the Ponzi scheme. Kevin Ray Asbury sold top-shelf Angus cattle to investors with the promise that they'd make money. And he made millions before his scheme was discovered by a small-town sheriff.

The Obama administration is providing both a carrot and a stick to encourage lenders to help rescue those on the cusp of foreclosures, the chairwoman of the Federal Deposit Insurance Corp. says. Sheila Bair says helping people who are facing foreclosure is in the best economic interest of everyone — even those who aren't benefiting directly.

The Obama administration announced that companies able to meet new safety standards will be able to drill in the Gulf of Mexico. The six-month moratorium had been scheduled to end Nov. 30.

The storm left millions without power across much of the Eastern Seaboard, left more than 20 dead and forced airlines to cancel about 9,000 flights.

The poverty rate in San Diego is rising faster than in the state, and the rest of the nation. According to recent Census Bureau data, more than 360,000 local individuals live in poverty.

The U.S. economy gained more than 200,000 jobs last month, and the unemployment rate fell to 8.8 percent, the Labor Department said Friday. The news is a bit better than most economists had expected. But they say it will still take several years before unemployment falls back to a normal level.

The Mexican army allowed reporters into the drug smuggling tunnel Thursday afternoon that connects a Tijuana warehouse with one in San Diego. The smugglers used a motorized cart to transport the drugs to San Diego. KPBS Border Reporter Amy Isackson got a ride.

The White House says the president's new $950 billion health care plan is a starting point for his meeting Thursday with congressional leaders. But Republicans see little point in talking when Democrats seem intent on pushing through legislation without GOP help.

The union representing San Diego’s trash collectors is against a proposed ballot initiative that would allow the city to privatize garbage pickup. A representative said outsourcing would hurt the local economy.