The Consumer Financial Protection Bureau is releasing Thursday much anticipated new mortgage rules, which will restrict the kind of subprime lending practices that caused both the financial and housing sectors to crash five years ago.
The new rules come at a time when regulators and banks are trying to find a middle ground between overly lax and overly tight lending standards.
In Mexico, a country plagued by drug cartel violence, the mayor of the capital city is offering residents cash, new bikes and computers in exchange for their guns. He says the buyback program will get dangerous weapons out of the hands of residents and make the streets safer.
But not all mayors in Mexico — where it's extremely difficult to legally buy a gun — are rushing to replicate the program. In fact, in cities overrun by drug traffickers, some say law-abiding citizens should be able to have them for protection.
Newtown, Conn., was so inundated with teddy bears and other donations after last month's school shootings that it asked people to please stop sending gifts. Relief groups in New York and New Jersey are still trying to figure out what to do with piles of clothes and other items sent there after Superstorm Sandy.
It happens in every disaster: People want to help, but they often donate things that turn out to be more of a burden. Disaster aid groups are trying to figure out a better way to channel these good intentions.
Originally published on Wed January 9, 2013 5:34 pm
Secretary of Labor Hilda Solis is resigning, opening up one more slot in President Obama's second-term administration. A former member of Congress, Solis was the first Hispanic woman to head a Cabinet-level agency.
Concerned about spillover from Syria's civil war, Israel says it will build a fence in the Golan Heights along the line that has effectively served as the border since wars between them in the 1960s and 1970s.
Prime Minister Benjamin Netanyahu, who recently made the announcement, says he's concerned about Syrian rebel groups that have succeeded in capturing areas close to the frontier. He says that building the fence, which would extend for more than 40 miles, is a precaution.
Sophisticated hacking attacks on U.S. banks in recent months have distinctive qualities that are leading investigators to believe another nation may be behind the assault. The likely suspect is Iran, which officials believe may be trying to even the score for American hacking of its nuclear program.
At least nine U.S. financial institutions have been hit since September; more attacks are expected. And part of what makes them suspicious is that they seem calculated not to steal account data or money, but instead to disrupt the banking system.
Originally published on Fri January 11, 2013 2:14 pm
Cities have plenty of reasons to care about how much food is being produced within their limits — especially now that community and guerrilla gardeners are taking over vacant urban lots across the country. But most cities can only guess at where exactly crops are growing.
And in Chicago, researchers have found that looks — from ground level, anyway — can be very deceiving when it comes to food production.
Originally published on Wed January 9, 2013 6:22 pm
The Baseball Hall of Fame's Class of 2013 will not have any new inductees from the ranks of the recently retired, despite a list of candidates that includes Roger Clemens and Barry Bonds. Those players, whose careers left their names at or near the top in the record books in multiple categories, are suffering from the lingering stigma of steroid use.
It is only the second time since 1971 that no players were sent to Cooperstown. A press release from the Hall of Fame, which announced the results today at 2 p.m. ET, called it "a shutout."