Reuters - The downward spiral of U.S. housing
prices still has a way to go and homes were overvalued by
between 8 percent to 20 percent in the first quarter of this
year, according to research by an International Monetary Fund
economist published on Friday.
Reuters - Chrysler LLC's financial arm on Friday
said it would stop offering vehicle leases to U.S. consumers, a
sharp break in strategy in response to plunging resale prices
for gas-guzzling trucks and tighter credit.
Reuters - U.S. regulators took over two banks
on Friday and sold them to Mutual of Omaha Bank, the sixth and
seventh bank failures this year as financial institutions
struggle with a housing bust and credit crunch.
Reuters - U.S. retail gasoline prices have
fallen more than 10 cents per gallon in a week and could fall
another 25 cents by the end of summer, a sign the worst is over
for U.S. motorists this vacation season.
Reuters - When it comes to purchasing
lottery tickets, making people feel poor will prompt them to
spend more money on a chance to become rich, American
researchers said.
Reuters - Eight small bombs exploded in
quick succession across the south Indian IT city of Bangalore
on Friday, killing a woman and wounding at least 15 people,
police said.
Reuters - U.S. presidential candidate Barack Obama
said on Friday Iran should not wait for the next administration
to halt its uranium enrichment program.
Reuters - The Senate was on course for a
Saturday vote to approve a major housing market rescue bill
with a lifeline for Fannie Mae and Freddie Mac and bond market
action on Thursday indicated investors in the two mortgage
finance giants were encouraged.
AFP - Explosions of magnetic energy between Earth and the moon are behind the sparkles and wavy glows of the Northern Lights that color the night sky, NASA has said.
Reuters - Ministers hailed an emerging trade deal
on Friday, as compromise proposals revitalized deadlocked talks
at the World Trade Organisation (WTO).
Reuters - A Qantas Airways plane made an emergency
landing in Manila on Friday after part of its undercarriage
blew off, triggering a loss in cabin pressure during a flight
from Hong Kong to Melbourne.
U.S. News & World Report - There's been plenty of outrage directed at Michael Savage since the talk radio host recently made his controversial remarks about autism. Parent groups of children with autism are calling for his head, and some advertisers have started dropping Savage as a result of his comments. Talk Radio Network, which syndicates Savage's show to more than 350 affiliates, is standing behind Savage. Here's what Savage, who's known for his incendiary style, said during the show:
Reuters - Television star Kelsey Grammer,
best known from "Cheers" and his sitcom "Frasier," nearly died
after suffering a heart attack last month, he told U.S. showbiz
news program "Entertainment Tonight."
The Christian Science Monitor - The centerpiece of Barack Obama's overseas tour comes Thursday in Berlin when the Democratic presidential candidate gives the only public foreign policy speech of his trip to an Obama-mad crowd of Germans who see him as another John F. Kennedy. He's in a country and a continent making no secret it is ready for change.
U.S. News & World Report - Most people who take statins suffer no side effects from the cholesterol-lowering drugs. A small but significant number, however, develop mild to crushing muscle pain. In rare cases, the drugs can lead to permanent muscle damage, kidney problems, and death. Doctors disagree about the frequency of statin-induced muscle pain; clinical trials put the number at around 3 percent, though some doctors estimate that as many as 10 to 15 percent of statin patients are affected to some degree. Are you among them? Here are seven reasons not to dismiss the discomfort as a harmless symptom of age:
Reuters - The agency that audits Pentagon
contracts said on Friday it had asked for an investigation into
allegations that its supervisors pressured employees to alter
audits in favor of contractors.
AFP - Moves around the world to drain marshes and other wetlands to make space for farming could be hastening climate change, scientists gathering in Brazil from Monday will be hearing.