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.
Newtown Schools Superintendent Janet Robinson wears a bracelet reading Hope, Faith, Love in the school colors of Sandy Hook Elementary during Gov. Dannel Malloy's State of the State address at the Capitol in Hartford, Conn., on Wednesday.
Originally published on Wed January 9, 2013 6:18 pm
From Superstorm Sandy to gun laws to the fiscal cliff, national issues are on the minds and the lips of the nation's governors setting their state agendas this week.
Some want Congress and President Obama to act; others urged state legislators to do what Congress hasn't.
"No one hunts with an assault rifle. No one needs 10 bullets to kill a deer. End the madness now," an impassioned New York Gov. Andrew Cuomo said Wednesday in calling for the state to enact the "toughest assault weapon ban in the nation, period."
It's no news that the U.S. has lower life expectancy and higher infant mortality than most high-income countries. But a magisterial new report says Americans are actually less healthy across their entire life spans than citizens of 16 other wealthy nations.
The small river town of Steubenville, Ohio, is in turmoil over an alleged rape involving high school football players, a 16-year-old girl and accusations of a cover-up.
Steubenville is nestled in the foothills of Appalachia at the juncture of Ohio and West Virginia, less than 10 miles from the Pennsylvania border. To the west, reclaimed strip mines, woods and hills stretch far into rural Ohio. Pittsburgh lies 37 miles to the east.
Health and Human Services Secretary Kathleen Sebelius speaks as Attorney General Eric Holder listens during a news conference last October. The two plan to remain in their current jobs as President Obama's second term begins.
Originally published on Thu January 10, 2013 5:41 am
Attorney General Eric Holder, Health and Human Services Secretary Kathleen Sebelius, and Veterans Affairs Secretary Eric Shinseki plan to remain with President Obama's administration as his second term begins, according to a White House official. The news that the three will remain in their current posts comes amid the departure of other Cabinet officials, including Labor Secretary Hilda Solis, who submitted her resignation today.
Volunteers sort through piles of donated clothes for Superstorm Sandy victims at an impromptu Staten Island aid station in November. Relief groups are still trying to figure out what to do with donated clothes people sent to New York and New Jersey in Sandy's aftermath.
Credit Courtesy of the Center for International Disaster Information
Unsolicited donations of used clothing, bottled water, canned food and personal grooming products piled up following the 2010 earthquake in Haiti. The piles had to be moved aside to make room to stage and deliver critical relief supplies.
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.
In Mexico City, Sara Martinez Franco holds a .38-caliber revolver that belonged to her grandfather. She traded in the weapon — which she says was used during the Mexican Revolution — under the buyback program.
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.
You know how sometimes in life you make a friend, and at first you want to talk to her all the time, feverishly telling her details that, by their very personal nature, will bind you to this other person forever, or so you hope? But inevitably, of course, friendships shift and change and become something different from what they initially seemed.
Originally published on Wed January 9, 2013 4:34 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.