By Jose Luis Saavedra One of the world’s most powerful earthquakes in a century battered Chile on Saturday, killing at least 214 people, knocking down buildings and triggering a tsunami that threatened Pacific coastlines as
By James Turk Instead of depositor money being used to stimulate economic activity in the private sector by lending to businesses and consumers, the banks are helping to fund the growing federal deficits. This re-allocation
By Matthew Futterman and Kevin Helliker Vancouver, British Columbia Norway’s Olympic team has won a surprising 17 medals in Vancouver so far, enough to place it third overall and only one gold medal behind the
By Dawn Kopecki The Obama administration may expand efforts to ease the housing crisis by banning all foreclosures on home loans unless they have been screened and rejected by the government’s Home Affordable Modification Program.
By F. William Engdahl A major diplomatic and political scandal is erupting that could have significant import for French-American relations. It involves new research into the mysterious outbreak of “mass insanity” in a village in
Democrats have retreated from adding new privacy protections to the primary U.S counterterrorism law, stymied by Senate Republicans who argued the changes would weaken terror investigations. The proposed protections were cast aside when Senate Democrats
By Dawn Kopecki Feb. 24 (Bloomberg) Fannie Mae and Freddie Mac, the mortgage-finance companies under government control, are reporting fourth-quarter losses after writing down the value of tax credits and setting aside money for housing-market