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Fed's Bernanke: Banks Aren't Too Big To Fail
Fed Chairman Ben Bernanke told a panel investigating the financial crisis that regulators must be ready to shutter the largest institutions if they threaten to bring down the financial system."If the crisis has a single lesson, it is that the too-big-to-fail problem must be solved," he said.
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Fed Chairman Ben Bernanke told a panel investigating the financial crisis that regulators must be ready to shutter the largest institutions if they threaten to bring down the financial system."If the crisis has a single lesson, it is that the too-big-to-fail problem must be solved," he said.
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Factory Orders Edge Up; New Jobless Claims Fall
Orders to U.S. factories managed a slight gain in July, boosted by as a surge in demand for commercial aircraft. Meanwhile, the number of people requesting unemployment benefits declined for the second straight week, but the overall level remains high.
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Orders to U.S. factories managed a slight gain in July, boosted by as a surge in demand for commercial aircraft. Meanwhile, the number of people requesting unemployment benefits declined for the second straight week, but the overall level remains high.
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Home Contracts Up; Rates Dip To 4.32 Percent
The number of buyers who signed contracts to purchase previously occupied homes rose 5.2 percent in July but remained well below last year's levels. And the average rate for a 30-year fixed loan fell to 4.32 percent this week, the lowest level in decades.
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The number of buyers who signed contracts to purchase previously occupied homes rose 5.2 percent in July but remained well below last year's levels. And the average rate for a 30-year fixed loan fell to 4.32 percent this week, the lowest level in decades.
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Discounts Spur Sales, But What About The Holidays?
Many retailers report surprisingly solid gains for August, helped by aggressive discounting, even as unusually hot weather and job worries kept a lid on back-to-school buying. The results are providing a sliver of hope for the economic recovery, but worries remain about the critical holiday season.
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Many retailers report surprisingly solid gains for August, helped by aggressive discounting, even as unusually hot weather and job worries kept a lid on back-to-school buying. The results are providing a sliver of hope for the economic recovery, but worries remain about the critical holiday season.
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Rapper T.I. And Wife Arrested On Drug Charges
The rapper and his wife, singer Tameka Cottle, were arrested in Los Angeles Wednesday night after police smelled what appeared to be marijuana coming from their car on Sunset Boulevard.
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The rapper and his wife, singer Tameka Cottle, were arrested in Los Angeles Wednesday night after police smelled what appeared to be marijuana coming from their car on Sunset Boulevard.
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Discovery Hostage-Taker Hated Programming
A gunman police shot to death after he took hostages at Discovery Channel's headquarters said he hated the company's shows such as "Kate Plus 8" because they promote population growth and its environmental programming because it did little to save the planet.
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A gunman police shot to death after he took hostages at Discovery Channel's headquarters said he hated the company's shows such as "Kate Plus 8" because they promote population growth and its environmental programming because it did little to save the planet.
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Boxer, Fiorina Spar in California Senate Debate
The recession and how to turn around the state's 12.3 percent jobless rate dominated the debate
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The recession and how to turn around the state's 12.3 percent jobless rate dominated the debate
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Some Dig In, Others Flee Coast As Earl Nears
Tourists were largely gone from North Carolina's Outer Banks, but those resolute residents who stayed behind say they were prepared Thursday to potentially face down the most powerful hurricane to threaten the coast in years.
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Tourists were largely gone from North Carolina's Outer Banks, but those resolute residents who stayed behind say they were prepared Thursday to potentially face down the most powerful hurricane to threaten the coast in years.
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Can Lessons Learned In Iraq Work In Afghanistan?
As the combat mission ends in Iraq, 30,000 additional troops are heading to Afghanistan. Comparisons between the two wars are inevitable. Gen. David Petraeus, who commanded U.S. forces in Iraq, brings to Afghanistan many familiar military faces and the strategy of creating local forces to take control of security at the grass-roots level.
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As the combat mission ends in Iraq, 30,000 additional troops are heading to Afghanistan. Comparisons between the two wars are inevitable. Gen. David Petraeus, who commanded U.S. forces in Iraq, brings to Afghanistan many familiar military faces and the strategy of creating local forces to take control of security at the grass-roots level.
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Community Near Ground Zero Almost Like Any Other
The neighborhood around the site where the World Trade Center once stood -- which now includes the site of a proposed Islamic community center -- is like many others in New York City. It has Starbucks, ethnic restaurants, churches and strip clubs. There's also a small mosque. But the gaping hole where the buildings crumbled is ever present.
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The neighborhood around the site where the World Trade Center once stood -- which now includes the site of a proposed Islamic community center -- is like many others in New York City. It has Starbucks, ethnic restaurants, churches and strip clubs. There's also a small mosque. But the gaping hole where the buildings crumbled is ever present.
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Tony Blair On War, Globalization And 'My Political Life'
The former prime minister of the United Kingdom's memoir, My Life: A Political Journey, is on sale in the U.S. Blair spoke to Steve Inskeep about Iraq, globalization and his political career.
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The former prime minister of the United Kingdom's memoir, My Life: A Political Journey, is on sale in the U.S. Blair spoke to Steve Inskeep about Iraq, globalization and his political career.
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Why The Tea Party Is Like A Starfish, Not A Spider
What do Wikipedia and Craigslist have in common with the Tea Party movement? They succeed by being decentralized, says Rod Beckstrom, co-author of the management book The Starfish and the Spider.
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What do Wikipedia and Craigslist have in common with the Tea Party movement? They succeed by being decentralized, says Rod Beckstrom, co-author of the management book The Starfish and the Spider.
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Lively Living Aboard Congo's River-Bound 'Villages'
Travel by water is the cheapest mode of transport in the Congo, and hundreds go by barge. From open-air ablutions and barter and trade on the water to the threat of rebel unrest, barge travel along the nearly 3,000-mile-long Congo River is full of activity punctuated just as often by delays.
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Travel by water is the cheapest mode of transport in the Congo, and hundreds go by barge. From open-air ablutions and barter and trade on the water to the threat of rebel unrest, barge travel along the nearly 3,000-mile-long Congo River is full of activity punctuated just as often by delays.
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Settlement-Building May Tear Down Peace Talks
Jewish settlers broke ground on new construction projects Wednesday in the West Bank, in defiance of a ban imposed by Israel that expires at the end of the month. Settlers and their government supporters have been pushing for an end to the freeze. Palestinians say if the freeze ends, they will walk out of peace talks.
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Jewish settlers broke ground on new construction projects Wednesday in the West Bank, in defiance of a ban imposed by Israel that expires at the end of the month. Settlers and their government supporters have been pushing for an end to the freeze. Palestinians say if the freeze ends, they will walk out of peace talks.
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Mormon Church, Jewish Leaders Tackle Proxy Baptism
In a joint statement issued Wednesday, The Church of Jesus Christ of Latter-day Saints and a coalition of Jewish leaders said a new computer system and policy changes related to the practice should resolve a years-long disagreement over posthumous baptism by proxy.
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In a joint statement issued Wednesday, The Church of Jesus Christ of Latter-day Saints and a coalition of Jewish leaders said a new computer system and policy changes related to the practice should resolve a years-long disagreement over posthumous baptism by proxy.
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