Despite signs of broader economic recovery, number of foreclosure filings hit a record high in the third quarter – a sign the plague is still spreading. By Les Christie, CNNMoney.com staff writer Last Updated: October 15, 2009: 7:34 AM ET NEW YORK (CNNMoney.com) — Despite concerted government-led and lender-supported efforts to prevent foreclosures, the number […]
CHARLOTTE, N.C. – Bank of America Corp. said Friday it lost more than $2.2 billion in the third quarter as loan losses kept rising, providing further evidence that consumers are still struggling to pay their bills. The nation’s second-largest bank said it wrote down loans on its books by almost $10 billion during the July-September […]
By: Kenneth R. Timmerman The Obama administration has cut funding for pro-democracy and human rights programs in Iran, reversing years of efforts during the Bush administration to help develop a civil society, congressional sources told Newsmax this week. The move is apparently intended to please Iran’s rulers after they criticized President Obama and the State […]
President Hugo Chavez has ordered the “acquisition by force” of a landmark Hilton Hotel on Venezuela’s Margarita island, the government’s Official Gazette announced Tuesday. The facility, on the Caribbean resort island of Margarita in Nueva Esparta state, was targeted for state takeover less than a month after it was used to host the Africa-South America […]
Russia and the United States have tentatively agreed to a weapons inspection program that would allow Russians to visit nuclear sites in America to count missiles and warheads. The plan, which Fox News has learned was agreed to in principle during negotiations, would constitute the most intrusive weapons inspection program the U.S. has ever accepted. […]
ALBANY, Ore. – At the Oaks Apartments in Albany, the management can fly their own flag advertising one and two bedroom apartments – but residents have been told they can’t fly any flags at all. Jim Clausen flies the American flag from the back of his motorcycle. He has a son in the military heading […]
The dollar’s position as the world’s leading reserve currency faces increased pressure as the financial crisis allows emerging economies greater influence on the world stage, analysts said. A report last week in The Independent claiming that China, Russia and Gulf States are among nations prepared to ditch the dollar for oil trades has heightened the […]
By Paul Hudson This headline may come as a bit of a surprise, so too might that fact that the warmest year recorded globally was not in 2008 or 2007, but in 1998. But it is true. For the last 11 years we have not observed any increase in global temperatures. And our climate models […]
by Toby Harnden in Washington PolitiFact, a political accountability project run by Florida’s St Petersburg Times, has formulated an “Obamameter” gauge that registers seven broken promises, a dozen stalled initiatives and 117 pet projects still “in the works”. Here is the top 10 list of most glaring examples of Mr Obama falling short in key […]
By: Brian Lopiccolo OSLO NORWAY- Waking up today the headlines reporting Obama was Nominated for the Nobel Peace prize, at first I though the story was a link to the Onion or another hoax site, to many surprise it was no hoax. Obama himself this morning had an awkward moment where Obama when told about […]
