President Obama's home refinancing plan seeks to let a million or more American homeowners save money on their mortgages, even if those loans are underwater. But the plan announced Monday is not a new idea: A pair of economists at Columbia University — Chris Mayer and Glenn Hubbard — have been proposing a similar measure for years.
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The European Union created a huge single market and stability for a continent that was ravaged by terrible wars during the 20th century. Now, in the 21st century, the European debt crisis has some eurozone members pushing to get out of the club. This all came to a head in Britain yesterday, where Parliament voted on whether to hold a public referendum on leaving the union.
On Nov. 1, the European Central Bank will have a new president. Mario Draghi, currently head of Italy's Central Bank, is an American-educated economist with impeccable international credentials. But little is known about the man who will be called on to steer the central bank through the rising Eurozone storm.
There’s a doctor shortage in rural America. This is not news – just the opposite – it’s been going on for ages. Even old Doc Adams, the country doctor in “Gunsmoke,” was constantly overworked. In one episode, when he finally gets a vacation, he’s kidnapped by outlaws in need of his services. Present-day Missouri ain’t Dodge City, Kansas. But many rural doctors are still overstretched.
In a press conference, yesterday, Libya's transitional leader Mustafa Abdul-Jalil said that Sharia law will become the "main source" of legislation in a post-Gadhafi era.
The AP reports on the news:
Islamic law, or Sharia, is enshrined as the basis of the constitution in a number of Middle Eastern countries with Muslim majorities. Most Gulf nations' constitutions state that Sharia is a main source of legislation, while Egypt says it is "the source.
Netflix's video subscription service lost 800,000 customers in the third quarter the biggest exodus in its history even as its earnings rose 65 percent.
The losses were larger than management had previously warned. The unwelcome surprise, contained in financial results released Monday, was compounded by a forecast calling for millions of Netflix Inc.'s DVD-by-mail subscribers to cancel the service in reaction to dramatic price increase that took effect last month.
The bad news bruised already battered stock as the shares plunged by more than 26 percent.
<p>Joseph Kony, leader of the Lord's Resistance Army, in a 2006 photo. The Obama administration has sent 100 troops to advise militaries in Uganda and neighboring countries that are battling Kony's forces.</p>
Human rights groups don't usually cheer military forays. But they have offered loud applause for the Obama administration's decision to send 100 military advisers to several countries in Africa to help those nations fight one of the continent's most notorious rebel groups, the Lord's Resistance Army.