Today's Fresh Meat

[courtesy of The California Majority Report]

The House has passed a bill designed to tighten lending rules for mortgages,but the bill have a harder time getting passed in the Senate, reportsInside Bay Area. It is facing criticism from the White House andlobbying by the mortgage industry, while being supported by Democrats(not a single Democrat in the House voted against the bill) andconsumer advocacy groups.

The tanking housing market is having a negative effect on employment in California,reports the San Francisco Chronicle. Construction and financepredictably suffered the greatest job losses in October, but job growthslowed across most other sectors as well.