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General News Archive - July 24, 2008

By Sue Kirchhoff WASHINGTON -- The House on Wednesday approved compromise legislation to shore up mortgage giants Fannie Mae and Freddie Mac while helping hundreds of thousands of homeowners refinance into more affordable loans.

By Kathy Kiely SDEROT, Israel -- It's a sign of how closely Israel's fate is intertwined with American politics that one family in this small southern border town has met both the U.S. presidential candidates.

Tropical Storm Dolly was gusting through southern Texas on a northwesterly track early Thursday, drenching the area with heavy rains. At 5 a.m., forecasters at the U.S.

By Eric Fleischauer, The Decatur Daily, Ala. Jul. 24--After reporting massive drops in second-quarter earnings Tuesday, Wachovia Bank and Regions Financial Corp. stocks were climbing Wednesday. What gives? In part what gives is investor sentiment that things cannot get much worse.

A 70 cents per hour jump in the U.S. minimum wage Thursday keeps the national hourly rate lower than many state laws mandate, a policy group said.

By Sarah A. Webster, Detroit Free Press Jul.

(Sports Network) - Ben Sheets attempts to follow up CC Sabathia's brilliant performance from Wednesday, while his Milwaukee Brewers try and complete their first-ever four-game sweep of the St. Louis Cardinals tonight at Busch Stadium.

To: REAL ESTATE EDITORS Contact: Walter Molony of NAR, +1-202-383-1177, wmolony@realtors.org WASHINGTON, July 24 /PRNewswire-USNewswire/ -- After gaining in May, existing-home sales declined in June with many potential buyers on the sidelines, according to the National Association of Realtors(R).

By BusinessWeek Staff and Wire Reports The House dealt Fannie Mae (FNM) and Freddie Mac (FRE) a "Get Out of Jail Free" card on July 23, passing a bill that authorizes the Treasury Dept.

By CHRISTOPHER SHERMAN, THE ASSOCIATED PRESS BROWNSVILLE, Texas Hurricane Dolly barreled into South Texas on Wednesday, lashing the coast with winds up to 100 mph and dumping heavy rain that threatened to flood low-lying areas but spared levees along the heavily populated Rio Grande Valley.

Word of the Day
edulcoration
  • The act of sweetening by admixture of some saccharine substance.
The word 'edulcoration' comes from a Latin word meaning 'making sweet'.