A plan to phase out the government-controlled mortgage giants Fannie Mae and Freddie Mac and instead use mainly private insurers to backstop home loans has advanced in Congress.
The plan by Democratic Sen. Tim Johnson of South Dakota, chairman of the Banking Committee, and Sen. Mike Crapo of Idaho, the committee’s senior Republican, would create a new government insurance fund.
Essentially, investors would pay fees in exchange for insurance on mortgage securities they buy and the government would become a last-resort loan guarantor.
An Indonesian National Search and Rescue Agency personnel scans the seas aboard a boat on patrol in the Malacca Strait off Aceh province located in the area of northern Sumatra island on March 12, 2014, during the continued search for the missing Malaysia Airlines flight MH370. (STR/AFP/Getty Images)
After 30 years on death row, 64-year-old Glenn Ford has walked out of Louisiana State Penitentiary at Angola a free man after a judge voided his 1983 murder conviction based on new exculpatory evidence.
Ford was convicted of killing Isadore Rozeman, a Shreveport man he'd done occasional yard work for. Rozeman, a jeweler and watchmaker, was found dead in 1983.
Originally published on Wed March 12, 2014 4:45 pm
Arizona Gov. Jan Brewer, whose tenure has been marked by controversial decisions on immigration policy and a contentious relationship with the White House, says she will not seek another term in office.
Originally published on Wed March 12, 2014 4:43 pm
Expensive new drugs for hepatitis C may work better than older treatments, but their high cost undermines their value, a panel of experts said Monday during a daylong forum in San Francisco.
"The price makes it very hard for the health care system," said Steve Pearson, who oversaw the meeting for the California Technology Assessment Forum, a group affiliated with health insurers that holds public meetings to weigh evidence on new treatments.
President Obama speaks about raising the minimum wage to $10.10 per hour during an event last week in New Britain, Conn. The effort to raise wages is seen as part of his State of the Union promise of a "year of action."
Jonathan Martin watched USC take on Stanford, his alma mater, after he abruptly walked away from the Miami Dolphins. Martin said that he left after he was relentlessly bullied by another Dolphins offensive lineman, Richie Incognito.
Originally published on Wed March 12, 2014 2:52 pm
When Jonathan Martin abruptly left the Miami Dolphins in the middle of last season after alleging harassment by his teammate, Richie Incognito, it sparked media discussions about everything from the use of the word "nigger" in N.F.L. locker rooms to the construction of masculinity.