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    May 30, 2012 |Story| Los Angeles Times

  1. China says 'no' to another massive stimulus plan

    BEIJING – China moved to temper expectations of another massive stimulus plan amid reports the country was green-lighting more infrastructure projects to stabilize its slowing economy.
    BEIJING – China moved to temper expectations of another massive stimulus plan amid reports the country was green-lighting more infrastructure projects to stabilize its slowing economy. “The Chinese government’s intention is very clear,...

    Tags: News Agency, Politics, Beijing (China), China, Environmental Issues

    2. May 30, 2012 |Story| Los Angeles Times

  2. Finally, it's mortgage do-over time

    This month, Bank of America said it would start reducing mortgage balances by $150,000 on average for up to 200,000 underwater homeowners behind on their payments. The biggest news was the dog that didn't bark. Few pundits or Internet commenters criticized the program as unfair to people who didn't take on more than they could afford. The apparent evolution of public opinion is healthy. It's just too bad that it took so long.
    This month, Bank of America said it would start reducing mortgage balances by $150,000 on average for up to 200,000 underwater homeowners behind on their payments. The biggest news was the dog that didn't bark. Few pundits or Internet commenters...

    Tags: Federal Reserve, Realty, Ben Bernanke, Bank of America Corp., Real Estate Buyers

    3. May 25, 2012 |Story| Los Angeles Times

  3. Europe debt crisis dragging world economies down

    WASHINGTON — The Eurozone debt crisis is intensifying a global slowdown, with new signs that even powerhouse Germany may be faltering, adding to worries about China and other major pillars of economic growth.
    WASHINGTON — The Eurozone debt crisis is intensifying a global slowdown, with new signs that even powerhouse Germany may be faltering, adding to worries about China and other major pillars of economic growth. Analysts worry that economies and...

    Tags: International Economic Institution, Banking, Spain, Robert Zoellick, France

    4. May 24, 2012 |Story| Los Angeles Times

  4. EU struggles to keep Eurozone intact, stave off economic collapse

    LONDON — With investor confidence draining away and the value of the euro plunging, Europe struggled anew Wednesday to come up with a united game plan to keep its currency union intact and its economies from collapsing.
    LONDON — With investor confidence draining away and the value of the euro plunging, Europe struggled anew Wednesday to come up with a united game plan to keep its currency union intact and its economies from collapsing. Competing visions embraced...

    Tags: Politics, Germany, Career and Workplace, Market and Exchange, Europe

    5. May 23, 2012 |Story| Los Angeles Times

  5. Merkel comes under increasing fire on euro crisis

    BERLIN — If it seems to German Chancellor Angela Merkel that the world is against her, she may be right.
    BERLIN — If it seems to German Chancellor Angela Merkel that the world is against her, she may be right. Her insistence that debt-ridden European nations cut their way out of financial crises helped cost her conservative political party two state...

    Tags: Regional Elections, Berlin (Germany), France, Globalization, Angela Merkel

    6. May 22, 2012 |Story| Los Angeles Times

  6. Fed regional bank directors saw improvement in economy

    Directors at the Federal Reserve's regional banks saw a pickup in the pace of economic growth last month as housing, motor vehicle sales and consumer spending gained strength.
    Directors at the Federal Reserve's regional banks saw a pickup in the pace of economic growth last month as housing, motor vehicle sales and consumer spending gained strength. "Directors noted further improvement in economic activity, and they...

    Tags: Politics, Financial Markets, Central Bank, Banking, Federal Reserve

    7. May 23, 2012 |Story| Los Angeles Times

  7. Letters: More austerity isn't the answer

    Re "True austerity," Opinion, May 18 Fiscal conservatives will always claim that the real problem is that the austerity measures undertaken in Europe didn't go far enough. Similarly, there's the claim that the reasonGeorge W. Bush, through his tax...

    Tags: Economic Policy, World War II (1939-1945), Class Conflict

    8. May 25, 2012 |Story| Los Angeles Times

  8. Senate agrees on FDA overhaul

    WASHINGTON — In a momentary flash of bipartisanship, the Senate approved legislation that would allow Americans speedier access to generic drugs as well as breakthrough treatments for life-threatening diseases as part of a Food and Drug Administration revamping that now heads to the House.
    WASHINGTON — In a momentary flash of bipartisanship, the Senate approved legislation that would allow Americans speedier access to generic drugs as well as breakthrough treatments for life-threatening diseases as part of a Food and Drug...

    Tags: Republican Party, Manufacturing and Engineering, Politics, Parties and Movements, Instrument Engineering

    9. May 9, 2012 |Story| Los Angeles Times

  9. Mortgage-aid revisions paying off for lenders and some borrowers

    A newly streamlined government plan to reward homeowners who diligently pay their underwater mortgages is proving a bonanza for banks, which by one estimate may pocket $12 billion in extra revenue by refinancing loans.
    A newly streamlined government plan to reward homeowners who diligently pay their underwater mortgages is proving a bonanza for banks, which by one estimate may pocket $12 billion in extra revenue by refinancing loans. The revisions to the Obama...

    Tags: Fannie Mae, Wells Fargo & Co., Credit Ratings, Freddie Mac, Homes

    10. May 8, 2012 |Story| AP Member Choice Complete

  10. GOP blocks Senate debate on Dem student loan bill

    Associated Press
    Senate Republicans derailed a Democratic bill on Tuesday that would keep interest rates on federal college loans from doubling July 1 in an election-year battle aimed at the hearts - and votes - of millions of students and their parents. Republicans said...

    Tags: Education, Republican Party, Politics, Parties and Movements, State University of New York

    11. May 15, 2012 |Story| Los Angeles Times

  11. Ron Paul not ending presidential bid despite stopping campaigning

    One day after announcing that he would no longer campaign in states that have yet to hold primaries, officials with Ron Paul’s campaign clarified Tuesday that the Texas congressman was not suspending his presidential bid.
    One day after announcing that he would no longer campaign in states that have yet to hold primaries, officials with Ron Paul’s campaign clarified Tuesday that the Texas congressman was not suspending his presidential bid. While Paul recognizes that...

    Tags: Politics, Ron Paul, Mitt Romney, Elections

    12. May 18, 2012 |Story| Los Angeles Times

  12. Silencing Kathleen Sebelius

    Prodded by an ultraconservative Catholic group, the Archdiocese of Washington, D.C., has criticized Friday's scheduled speech at Georgetown University by Secretary of Health and Human Services Kathleen Sebelius. Although Sebelius favors abortion rights, the "sin" that incurred the archdiocese's displeasure was the Obama administration's proposed rule requiring insurance coverage for contraception for employees of religious hospitals and educational institutions. Because Sebelius' actions "present the most direct challenge to religious liberty in recent history," the archdiocese suggested, students at the Jesuit-affiliated university shouldn't be able to hear her speak at an awards ceremony for its Public Policy Institute.
    Prodded by an ultraconservative Catholic group, the Archdiocese of Washington, D.C., has criticized Friday's scheduled speech at Georgetown University by Secretary of Health and Human Services Kathleen Sebelius. Although Sebelius favors abortion rights,...

    Tags: Education, U.S. House Committee on the Budget, Birth Control, Ceremonies, Kathleen Sebelius

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