March 2012

Underwater mortgages tick upward

The percentage of underwater home mortgages in Arizona has inched upward compared to a year ago.

CoreLogic tracks the number of distressed mortgages across the country. The company says in the fourth quarter of last year, 48 percent of home mortgages in Arizona were upside down. That means the homeowner owes the bank more than the home is worth.

In the metro-Phoenix area, the rate is higher. Nearly 53 percent of mortgages are underwater.  

Access the report here.

Union members try to stop anti-union bills

Four bills introduced at the state legislature target public employee unions. Supporters say the measures will save taxpayer’s money. But union members disagree. They showed up in force at the state capitol Thursday.

Hundreds of union members from around the state came to make their voices heard on four bills they consider anti-union. But as KJZZ’s Paul Atkinson reports from Phoenix, much of their effort took place behind-the-scenes.

JASON BATES: So can we speak to Debbie McCune Davis or Chad Campbell today?

Robrt Pela: Review of The Pillowman

Theater critic Robrt Pela reviews Desert Stages Theatre’s production of The Pillowman.

Desert Stages Theatre’s artistic director Terry Helland is clearly mad. Onto the tiny black box stage of his Actor’s Café, he continues to wedge dark, offbeat plays that no doubt strike terror in the hearts of the mainstream theatergoers who turn up in droves for the more bland fare on the playhouse’s main stage. For your madness, Mr. Helland, and for your interest in striking some kind of artistic balance, we salute you.