World News Center
Why Do We Have Daylight Savings Time? - Discovery News
March 13, 2010 Novinite.com | Why Do We Have Daylight Savings Time? Discovery News It's a question people are probably more likely to ask themselves this time of year when we go to bed and then lose an hour. It can feel wildly unfair for the clock to say 7:00 am when it actually feels ... Lose an hour of sleep tonight Next-Generation -- Alarm Clocks! Daylight Saving Time Begins Sunday, March 14 at 2 AM |
Repos Played a Key Role in Lehman's Demise - Wall Street Journal
March 13, 2010 BBC News | Repos Played a Key Role in Lehman's Demise Wall Street Journal Six weeks before it went bankrupt, Lehman Brothers Holdings Inc. was effectively out of securities that could be used as collateral to back the short-term loans it needed to survive. The bank's subsequent scramble to ... Findings on Lehman Take Even Experts by Surprise Lehman Bros.: Pinprick That Burst the Bubble Lehman Report Points Way to Plaintiffs, Not Prison, Lawyers Say |
Permanently modified mortgages grow by 45%, government says - Los Angeles Times
March 13, 2010 ABC News | Permanently modified mortgages grow by 45%, government says Los Angeles Times In February, the number of homeowners with permanently reduced monthly payments grew to 168708, the Obama administration reports, and 91483 more trial modifications are approved. By Jim Puzzanghera The Obama administration Friday said its mortgage ... Borrowers in foreclosure prevention plan losing mortgage aid Loan Modification Program Starts to Get Some Traction Mortgage help: 170000 get permanent aid |
Bernanke Stimulus Exit May Be Aided by Yellen, Raskin - BusinessWeek
March 13, 2010 Los Angeles Times | Bernanke Stimulus Exit May Be Aided by Yellen, Raskin BusinessWeek March 13 (Bloomberg) -- President Barack Obama's likely nomination of three Federal Reserve governors will help Chairman Ben S. Bernanke plan an exit from record monetary stimulus and strengthen banking supervision and consumer ... Likely Fed Picks Back Low Rates NEWSMAKER-Fed's Yellen more complex than dove label implies Obama's likely choices for Federal Reserve indicate a more activist role |
Republicans say door open on financial reform - Reuters
March 13, 2010 Wall Street Journal | Republicans say door open on financial reform Reuters WASHINGTON (Reuters) - A bipartisan financial regulation reform bill could still be worked out in the Senate, despite a breakdown in negotiations, key Republicans said in a letter obtained by Reuters on Saturday. The entire Republican membership of the ... Senate takes a stab at financial reform Its Own Advisers Oppose Consumer Role for the Fed Democrats try to find the right compromises for financial reform |
Euro finance ministers to agree on Greek aid: source - Reuters
March 13, 2010 BBCSerbian.com | Euro finance ministers to agree on Greek aid: source Reuters Sanitary workers protest outside Greece's General Accountants office against government austerity measures in central Athens March 10, 2010. BRUSSELS (Reuters) - Euro zone finance ministers are likely to agree on Monday on a mechanism for aiding Greece ... Greece debt: EU agrees bailout deal No Need for Greek Bailout Now, France's Lagarde Says Greek Equities Face More Battering |
Google '99.9 Percent' Sure to Shut Down in China - BusinessWeek
March 13, 2010 Globe and Mail | Google '99.9 Percent' Sure to Shut Down in China BusinessWeek By Chia-Peck Wong March 13 (Bloomberg) -- Google Inc. has drawn up detailed plans to shut its search engine in China and is “99.9 percent” certain of going ahead with the closure, the Financial Times reported today, citing a person it didn't name. ... China Issues Another Warning to Google on Enforced Censorship of the Internet China holds firm against Google, says firm must obey its laws Google Prepares to Stop Censoring in China |
Old Southern Bank seized, changes hands - Bizjournals.com
March 13, 2010 CBS News | Old Southern Bank seized, changes hands Bizjournals.com The FDIC said it has entered into a purchase and assumption agreement with Centennial Bank of Conway, Ark., to assume all deposits of Old Southern Bank. The Orlando-based community bank, already under a 30-day notice from the federal Reserve to raise ... Three Failed Banks Closed Friday; 2010 Total At 30 Valley National Buys Two Banks in Two Days Amid Lender Failures Regulators shut banks in NY, Florida, Louisiana |
Senate, Obama spar over health plan's pet projects (AP)
March 13, 2010
AP - President Barack Obama says he wants projects helping specific states yanked from the health care bill Congress is writing. Democratic senators, being senators, beg to differ.
Economy the focus as China political session ends (AP)
March 13, 2010
AP - Mao Zedong's grandson couldn't have put it more simply. China's biggest challenge? "Economic development," he said, as the nation's most public political meetings end with sweeping goals to expand growth — and help more Chinese enjoy it.
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