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Nationwide, nearly 291,000 homes received at least one foreclosure-related notice last month, up 6 percent from January, according to the Irvine, Calif-based company. While foreclosures are highly concentrated in the Western states and Florida, the problem is spreading to states like Idaho, Illinois and Oregon as the U.S. economy worsens.

“It doesn’t bode well,” for the embattled U.S. housing market, said Rick Sharga, vice president for marketing at RealtyTrac, a foreclosure listing firm. “At least for the foreseeable future, it’s going to continue to be pretty ugly.”

The rise in foreclosure filings came despite temporary halts to foreclosures by Fannie Mae and Freddie Mac, and major banks JPMorgan Chase, Morgan Stanley, Citigroup and Bank of America. Those companies pledged to do so in advance of President Barack Obama’s plan to stem the foreclosure crisis, which was launched last week.

Two states that contributing to the increase were Florida and New York, where temporary bans on foreclosures ended.

But other states are moving to enact similar measures. On Wednesday the Michigan House approved legislation that would give homeowners facing foreclosure a 90-day reprieve. The legislation now goes to Michigan’s Republican-led Senate, where its future is unclear.

While the number of foreclosures continue to soar nationwide, banks have held off listing properties for sale, Sharga said. There were around 700,000 such properties nationwide at the end of last year, making up a “shadow inventory” of unsold homes that could drag the housing crisis out even longer.

“It’s going to take us longer than you might anticipate to burn through he inventory of distressed properties,” he said.

The results highlight the challenge ahead for Obama and his economic advisers. The Obama administration is aiming to help up to 9 million borrowers stay in their homes through refinanced mortgages or loans that are modified to lower monthly payments.

Still, the faltering economy, driven down by the collapse of the housing bubble, is causing the housing crisis to spread. Nearly 12 percent of all Americans with a mortgage — a record 5.4 million homeowners — were at least one month late or in foreclosure at the end of last year, according to the Mortgage Bankers Association. That’s up from 10 percent at the end of the third quarter, and up from 8 percent at the end of 2007.

Replied Hersh:

“Yuh. After 9/11, I haven’t written about this yet, but the Central Intelligence Agency was very deeply involved in domestic activities against people they thought to be enemies of the state. Without any legal authority for it. They haven’t been called on it yet. That does happen.

“Right now, today, there was a story in the New York Times that if you read it carefully mentioned something known as the Joint Special Operations Command — JSOC it’s called. It is a special wing of our special operations community that is set up independently. They do not report to anybody, except in the Bush-Cheney days, they reported directly to the Cheney office. They did not report to the chairman of the joint chiefs of staff or to Mr. [Robert] Gates, the secretary of defense. They reported directly to him. …

“Congress has no oversight of it. It’s an executive assassination ring essentially, and it’s been going on and on and on. Just today in the Times there was a story that its leaders, a three star admiral named [William H.] McRaven, ordered a stop to it because there were so many collateral deaths.

People who bought buy-to-let flats are expected to “begin panic selling” and the average home value could drop below £100,000.

The predictions in a 298-page report from Numis Securities, a City investment bank, are the bleakest yet on the deteriorating state of the British property market.

House prices have already fallen by about 20 per cent over the past year.

However, in the note written last month, Numis said: “Despite UK house prices already having fallen 21% from the peak, we do not believe that the correction is anywhere near over.

“Our core headline forecast is that UK property prices remain between 17% and 39% overvalued based on fair valuation. Moreover, history has shown us that when property…which has experienced a price bubble corrects, the price tends to fall below fair value for a period of time, as confidence in that market remains low. Prices could fall a further 40-55% if the over-correction was as bad as the early 1990s in our view.”

The report warns that “city centre flats” and “new executive homes” are likely to record the biggest reductions and describes investing in buy-to-let property as a “poor man’s hedge fund”.

“It is the action of these amateur investors over the next few months which we are most concerned about,” the report says. “We expect some to begin panic selling their portfolios, with the peak volume as is almost always the case with private investors, being at the market trough.”

Yesterday, Alistair Darling, the Chancellor, warned that the world is facing the most difficult economic conditions for “generations”.

…

With the world experiencing its deepest recession in decades, pessimists said the slump in exports was unlikely to end soon. Some said China could even record a trade deficit before long.

But optimists saw fresh hope in the more forward-looking investment data that China might pull out of its swoon faster than other major economies thanks to the government’s pump-priming and galloping credit growth.

“China has finally and spectacularly succumbed to the world financial crisis on the export side, and it’s difficult to see why that would improve in the short term,” said Paul Cavey, an economist at Macquarie Securities in Hong Kong.

Exports in February slid 25.7% to $US64.9 billion ($100 billion) from a year earlier, dwarfing forecasts of a 5% fall, while imports dropped 24.1% to $US60.1 billion, close to projections of a 25% decline.

Roughly 300 local volunteers worked with Feed the Children to distribute more than $2.1 million worth of food at Concord Mall as part of the nonprofit relief organization’s “Feeding Americans Emergency Caravan.”

Federal data show the rise comes despite the removal of 33,000 entries last year by the FBI’s Terrorist Screening Center in an effort to purge the list of outdated information and remove people cleared in investigations.

It’s unclear how many individuals those 33,000 records represent — the center often uses multiple entries, or “identities,” for a person to reflect variances in name spellings or other identifying information. The remaining million entries represent about 400,000 individuals, according to the center.

The new figures were provided by the screening center and the Office of the Director of National Intelligence in response to requests from USA TODAY.

“We’re continually trying to improve the quality of the information,” says Timothy Edgar, a civil liberties officer at the intelligence director’s office. “It’s always going to be a work in progress.”

People put on the watch list by intelligence and law enforcement agencies can be blocked from flying, stopped at borders or subjected to other scrutiny. About 95% of the people on the list are foreigners, the FBI says, but it’s a source of frequent complaints from U.S. travelers.

In the past two years, 51,000 people have filed “redress” requests claiming they were wrongly included on the watch list, according to the Department of Homeland Security. In the vast majority of cases reviewed so far, it has turned out that the petitioners were not actually on the list, with most having been misidentified at airports because their names resembled others on it.

There have been 830 redress requests since 2005 where the person was, in fact, confirmed to be on the watch list, and further review by the screening center led to the removal of 150, or 18% of them.

Without specific rules for who goes on the list, it’s too bloated to be effective, says Tim Sparapani, a lawyer with the American Civil Liberties Union.

In a blow to organic almond producers and handlers, the Washington, D.C.-based judge rejected challenges to pasteurization requirements designed by the Almond Board of California. The Agriculture Department formally imposed the rules in March 2007, setting off sparks.

The ruling issued by U.S. District Judge Ellen Segal Huvell did not directly address the merits of the almond pasteurization standards. Instead, Huvell dismissed largely on technical grounds the complaint filed by Fresno-based farmer Nick Koretoff, Livington-based farmer Cynthia Lashbrook and others.

Huvell determined the farmers had failed to exhaust potential administrative remedies. Moreover, the judge said farmers might not have legal recourse even if they could prove the safety rules would cause economic injury.

“Their fundamental concern is with the impact of the treatment regulation on their ability to sell their almonds in a niche organic market at a premium,” Huvelle noted, adding that “the Supreme Court (has) specifically recognized that not every loss would qualify as a deprivation of a definite personal right of the producer.”

Almond Board and Agriculture Department officials were unfamiliar with the judge’s decision and offered no comment on it.

But while rather technical in nature, the 11-page ruling promises real-world consequences in the San Joaquin Valley, which dominates U.S. almond production. Among other things, the Agriculture Department estimates anti-salmonella treatments will add somewhere between two cents and seven cents per pound to the cost of almonds.

The 10-member almond board, based in Modesto, administers the federal marketing order by which the $2.5 billion-a-year industry regulates quality control, research and advertising. The board recommended new safety rules in 2006 following incidents of salmonella contamination in 2001 and 2004, and the Agriculture Department subsequently put them in place.

The new rules required almond handlers to achieve a stricter reduction in salmonella bacteria count, by pasteurizing the nuts before shipping. Pasteurization methods range from blanching and steam treatments to use of chemicals.

“While contamination in almonds is not common, the industry determined that aggressive measures were necessary to prevent any other occurrences,” the almond board stated at the time the rules were imposed.

Organic almond growers, though, claimed in their lawsuit filed in September that the new requirements “functionally shut them out of the organic market.” The growers stated that “substantial amounts” of their almonds could not be sold in the last two years.

“(Organic almond) handlers have built their businesses, in part, by marketing raw almonds to customers interested in buying food that is minimally processed, free from the use of chemicals, and not exposed to heat treatments, roasting, or other processes,” the lawsuit stated.

Raw almonds could be sold for up to 40 percent more than treated almonds, the unhappy growers noted.

Darrel Dochow, the West Coast regional director at the Office of Thrift Supervision who investigators say allowed IndyMac to backdate its deposits to hide its ill health, quit last Friday. Prior to his leaving, Dochow was removed from his position but remained on the government payroll while the Inspector General’s Office investigates the allegations against him.

Treasury Department Inspector General Eric Thorson announced in November his office would probe how Dochow allowed the IndyMac bank to essentially cook its books, making it appear in government filings that the bank had more deposits than it really did. But Thorson’s aides now say IndyMac wasn’t the only institution to get such cozy assistance from the official who should have been the cop on the beat.

Investigators say Dochow, who reportedly earned $230,000 a year, allowed IndyMac to register an $18 million capital injection it received in May in a report describing the bank’s financial condition in the end of March.

“They [IndyMac] were able to maintain their well-capitalized threshold and continue to use broker deposits to make loans,” said Marla Freedman, an assistant Inspector General at Treasury. “Basically, while the institution was having financial difficulty, it kept the public from knowing earlier than it otherwise should have or would have.”