AP - The Obama administration is trying to jump-start its sputtering attempts to tackle the foreclosure crisis with an effort to assist homeowners who owe more on their properties than their homes are worth.
AP - The Obama administration is trying to jump-start its sputtering attempts to tackle the foreclosure crisis with an effort to assist homeowners who owe more on their properties than their homes are worth.
AP - A wind-whipped wildfire sent flames roaring through a rugged canyon in the Colorado foothills, forcing about 3,000 people to flee the area and destroying dozens of homes — some that belonged to the firefighters themselves, authorities said Tuesday.
AP - A former JetBlue flight attendant accused of cursing out a passenger and sliding down an emergency exit chute will be mentally evaluated for a possible plea deal.
Reuters - Change swept through the top of Britain's banks on Tuesday as Barclays said its investment banking supremo Bob Diamond will take over as chief executive and HSBC said its chairman is leaving to go into government.
AP - A 36-year-old Kansas man has been charged with capital murder and criminal sodomy in the death of a 14-year-old girl whose burned body was found behind an asphalt plant where he worked.
Reuters - Google Inc will launch its service to bring the Web to TV screens in the United States this autumn and worldwide next year, its chief executive said, as it extends its reach from the desktop to the living room.
Reuters - China wants to quell tensions with the United States through quiet talk, not shouting matches, a top diplomat told White House advisers on Tuesday, aiming to pave the way for a visit by President Hu Jintao early next year.
Reuters - Wall Street dropped on Tuesday, with the S&P 500 briefly falling 1 percent, after reports on the European banking system reignited concerns about the financial stability of the region.
AP - A protest over the fatal police shooting of a Guatemalan immigrant turned violent when some demonstrators threw bottles at officers, set trash cans on fire and refused to disperse.
AP - Chevron Corp.'s Chinese subsidiary has acquired rights to explore for oil on 8,100 square miles in the South China Sea's Pearl River mouth basin, the oil company said Tuesday.
AP - President Barack Obama will call on Congress to pass new tax breaks that would allow businesses to write off 100 percent of their new capital investments through 2011, the latest in a series of proposals the White House is rolling out in hopes of showing action on the economy ahead of the November elections.
AP - President Barack Obama will call on Congress to pass new tax breaks that would allow businesses to write off 100 percent of their new capital investments through 2011, the latest in a series of proposals the White House is rolling out in hopes of showing action on the economy ahead of the November elections.
AP - A Somali-born Norwegian citizen pleaded not guilty Tuesday to charges of sending over $30,000 to top leaders of an al-Qaida-linked Somali militant group at the start of the first trial under Norway's 2002 terror financing law.
Reuters - Silicon Valley technology giant Oracle Corp has hired Mark Hurd, the former chief executive of Hewlett-Packard Co who resigned amid a scandal, as president.
AFP - Republicans in the US Congress may be able to handle the country's struggling economy better than President Barack Obama's fellow Democrats, according to a new national poll released Tuesday.
AP - An expert says a mass grave has been discovered in Slovenia containing bodies of about 700 victims killed by antifascists in the wake of World War II.
AP - Half-buried in rubble, Bazelais Suy struggled to breathe — a dead woman lay on his chest. He knew he had to get her off, fast. Because he could still move his arms, he somehow managed to remove his belt, loop it around the woman's own belt and drag her off. But his legs were still pinned.
The Upshot - A small group associated with a fringe Christian church in Florida is planning to burn Korans on Sept. 11 -- and is now the subject of outraged protests in Afghanistan. Meanwhile, the top U.S. military commander in Afghanistan warned that the anti-Islamic action could hurt troops in the volatile region. "It could endanger troops and [...]
AP - European Union nations agreed to create new financial oversight institutions Tuesday, hoping to prevent a repeat of the government debt crisis that nearly left Greece bankrupt and brought the European banking system to its knees.
AP - Tropical Storm Hermine began to lose its punch as it pushed north Tuesday, after causing landslides in northeast Mexico and leaving one Texas town almost entirely without power.
Reuters - U.S. employers were more aggressive about cutting jobs and otherwise lowering costs during the recession than their peers in other parts of the world, according to a global study by Towers Watson and Co , a global consultancy and professional services firm.
The Upshot - Politicians are expected to give the official nod to their party nominees, but Louisiana Gov. Bobby Jindal is doing no such thing in his home-state Senate race. The Republican governor said over the weekend that he will not be endorsing Republican Sen. David Vitter for reelection this year. "Voters can make up their own minds," [...]
AP - An imam who has become the public face of a proposed Islamic community center and mosque near ground zero has returned to the United States following a taxpayer-funded tour of the Middle East, his wife said Monday.
AP - An imam who has become the public face of a proposed Islamic community center and mosque near ground zero has returned to the United States following a taxpayer-funded tour of the Middle East, his wife said Monday.
BusinessWeek - Don't expect an Elizabeth Warren-style campaign for the first director of the Office of Financial Research, yet another agency set up under the financial system overhaul. Unlike the pending decision over who will lead the Consumer Financial Protection Bureau, which has prompted online petitions and a viral rap video in support of the Harvard law professor, the competition over who will be the head of the research office is a wonks-only affair. ...
AP - Americans' economic struggles persisted in July, largely unchanged from the previous month, according to The Associated Press' monthly analysis of conditions around the country.
Reuters - Samsung Electronics, the world's top memory chipmaker, warned of an oversupply in the computer memory chip market from next quarter as a sputtering global economy may further weaken PC sales.
AP - Here are the 20 most economically stressed counties with populations of at least 25,000 and their July 2010 Stress scores, according to The Associated Press Economic Stress Index:
AP - The crowded rooftop bleachers overlooking Wrigley Field stand as proof that no matter how bad the Chicago Cubs played, the ballpark was simply not big enough to hold everyone who wanted to see them play.
The Atlantic Wire - On Labor Day, president Obama rolled out a plan to save jobs that included
$50 billion for infrastructure. The Wire already brought you the debate on the political savviness of the move, and whether such a stimulus
would be likely to pass. But there's also the practical question: what
effect would spending $50 billion on infrastructure actually have? Commentators seem to be divided into three camps: one group endorses the move, one backs the general idea of
infrastructure spending but thinks this proposal is too little, too late.
A third camp is against the proposal entirely, opposing the economic
theory behind it and the cost.
Reuters - American International Group Inc plans to seek Hong Kong listing committee approval on September 21, to list its Asian life insurance unit, aiming to raise about $15 billion, two sources with direct knowledge of the deal said on Tuesday.
AP - Hipsters, hustlers, celebrities, thieves, dope peddlers and just about everyone else in gritty, quirky Venice Beach know Boston Dawna. You can't miss the one-woman crime fighter.
AFP - US President Barack Obama has pledged 50 billion dollars to create jobs in a massive transportation infrastructure campaign, targeting huge unemployment and ripping resurgent Republicans.
A strike called by trade unions in India on Tuesday to protest against rising prices and alleged anti-labour policies crippled life in the east and south of the country in Communist-ruled states.
AP - A determined Republican stall campaign in the Senate has sidetracked so many of the men and women nominated by President Barack Obama for judgeships that he has put fewer people on the bench than any president since Richard Nixon at a similar point in his first term 40 years ago.
Reuters - China must resist external pressure for yuan appreciation because a stronger exchange rate would take a big bite out of economic growth, according to a pair of senior government researchers.
ISTANBUL (AP) — Before it can win a world championship, the United States needed to start looking like a world champion. Kevin Durant, Chauncey Billups and the rest of the Americans finally had that appearance yesterday, powering into the quarterfinals with a 121-66 victory over Angola.
CQPolitics.com - While serious Democratic observers worry whether their party can somehow hang on to 218 seats in the House, more than a few Republican strategists and neutral observers have become convinced that the GOP is on the cusp of a stunning victory that could at least equal the party's 52-seat 1994 gain.
CQPolitics.com - YORK, S.C. -- Rep. John M. Spratt Jr. had just finished opening the 27th annual Summerfest fair here in his hometown when he came face to face with a former donor who was, at that moment, only interested in giving the Congressman a piece of his mind.
HARTFORD, Conn. (AP) -- Water is plentiful, but that's not stopping several New England states from drafting regulations to ensure it's available despite droughts, heat spells and development pressures.
AP - A combative President Barack Obama rolled out a long-term jobs program Monday that would exceed $50 billion to rebuild roads, railways and runways, and coupled it with a blunt campaign-season assault on Republicans for causing Americans' hard economic times.