Half of loan modifications made in first 6 months of 2008 fell into trouble again within yearWASHINGTON — Lenders are ramping up efforts to avoid home foreclosures, but a report by bank regulators says more than half of borrowers who get help fall behind again. Health care issues: The pros, cons and politics of health insurance cooperatives, in briefA look at key issues in the health care debate: A look at UN sanctions against Iran over its nuclear programThe U.N. Security Council has imposed three rounds of sanctions on Iran over its nuclear program. The key points in each: Government says nearly 6,000 highway deaths tied to driver distraction in 2008WASHINGTON — Opening a government meeting on auto safety, the Obama administration reported Wednesday that nearly 6,000 people were killed and a half-million injured last year in vehicle crashes connected to driver distraction, a striking indication of the dangers of using mobile devices behind the wheel. Cash for farmers, surplus purchases in $350 million congressional dairy aid packageWASHINGTON — Amid a crisis of low milk prices and mounting losses in dairy country, lawmakers in Congress are fashioning a $350 million emergency aid package aimed at helping struggling milk farmers. China Commerce Ministry approves GM plan to buy parts of Delphi, but sets conditionsSHANGHAI — China’s Commerce Ministry has given a conditional green light for General Motors Co.’s plan to acquire portions of auto parts maker Delphi Corp. What are the implications for cable news amplifying a divide?NEW YORK — Amplifying the nation’s political division has been good business for Fox News Channel and MSNBC during this season of anger — but it may come at a price. Senate Finance Committee votes down creation of public insurance planWASHINGTON — The Senate Finance Committee has voted against creating a new government health insurance plan to compete with the private market. The 15-to-8 vote could forecast the fate of the public option in the Senate as a whole. The outcome was expected but still a defeat for liberals who view government-sponsored insurance for the middle class as a key component of President Barack Obama’s health care overhaul. Health bill survives challenges from left in Senate Committee, faces new assaults from rightWASHINGTON — A sweeping health overhaul bill has survived a major challenge from the left, but onslaughts loom from the right on thorny issues including abortion and insurance coverage for illegal immigrants. Moderate Democrats draft proposal that would shield major banks from tighter state regulationWASHINGTON — Moderate House Democrats are drafting a proposal that would continue to shield big banks from potentially tougher state regulations of credit cards, mortgages and savings accounts. Proposed Senate climate bill calls for deeper, early pollution cuts than those in House billWASHINGTON — A Senate climate bill will require a 20 percent cut in greenhouse gases by 2020, deeper than the reductions mandated by the House, but also include stronger measures to try to avoid energy price spikes, according to a draft of the bill. What are the implications for cable TV news amplifying a divide?NEW YORK — Amplifying the nation’s political division has been good business for Fox News Channel and MSNBC during this season of anger — but it may come at a price. Ohio AG takes lead role in securities lawsuit alleging concealment by Bank of AmericaCOLUMBUS, Ohio — Ohio has taken the lead role in an aggressive securities lawsuit alleging that Bank of America Corp. concealed billions of dollars in losses and bonuses paid during the bank’s merger with Merrill Lynch. Ecuador Indian group blocks road to protest water, oil and mining laws, then suspends actionQUITO, Ecuador — Hundreds of Indians blocked Ecuador’s Pan American highway in several provinces Monday with rocks, tree trunks and burning tires to protest new water, mining and oil laws. FACT CHECK: In health debate, Obama’s stories of hardship don’t always hold up to scrutinyWASHINGTON — One of President Barack Obama’s health care “horror stories” is about a woman who, he says, lost her health insurance on the verge of breast cancer surgery because she didn’t disclose a case of acne to the insurer. That’s not what happened. EU warns drug makers to look out for new antitrust investigationsBRUSSELS — The European Union’s top antitrust official warned drug makers Tuesday to “look out” for new investigations in coming months. Iran accuses UN chief of parroting West on nuke facility instead of waiting for UN reportUNITED NATIONS — Iran’s president is accusing U.N. Secretary-General Ban Ki-moon of parroting Western criticism of its new uranium enrichment facility instead of waiting for a report from the U.N. nuclear agency, Iran’s U.N. Mission said Tuesday. Polanski’s arrest marks change in Switzerland’s image as a safe haven for rich and famousGENEVA — First numbered bank accounts and now Roman Polanski. Switzerland is no longer a place for foreign fugitives and tax evaders to live above the law. Would-be pro baseball player warns of dietary supplements containing dangerous steroidsWASHINGTON — Jareem Gunter, a college baseball player with dreams of playing professionally, thought he had found a “diamond in the rough,” a safe and legal dietary supplement that would make him healthier. FDIC chair calls for federal regulation of bank overdraft feesNEW YORK — Several of the country’s biggest banks unveiled consumer-friendly makeovers of their overdraft programs last week. The changes may be too little, too late. Clove and tobacco importer sues FDA seeking judgment preventing a ban on flavored ‘cigars’WASHINGTON — The top distributor of clove-flavored tobacco products in the U.S. is asking a federal court to decide whether its new filtered cigars fall under a new federal ban on flavored cigarettes. Arizonans with concealed weapons permits allowed to bring guns in bars starting WednesdayPHOENIX — Bartender Randy Shields was serving British brews and Arizona ambers as usual at Shady’s bar in east Phoenix when he saw a customer walk in with a hunting knife strapped to his hip. FDIC plan for insurance fund is no long-term fix, but it won’t likely inhibit banks’ lendingWASHINGTON — A plan that regulators proposed Tuesday to have banks prepay $45 billion in insurance premiums won’t provide a long-term fix for the shrinking fund that insures bank deposits. As winter approaches, EPA wants to boost limits on runoff of chemicals used to deice airlinersDES MOINES, Iowa — Every winter, airports across the country spray millions of gallons of deicing chemicals onto airliners and allow the runoff to trickle away. When the chemicals end up in nearby waterways, the deicing fluid can turn streams bright orange and create dead zones for aquatic life. Texas financier Stanford to be moved from lockup where he got into fightHOUSTON — Texas financier R. Allen Stanford will be moved from the lockup where he got into a jail fight that resulted in him being hospitalized for a concussion. Honduras’ interim government raids media outlets after suspending civil libertiesTEGUCIGALPA, Honduras — Honduras’ coup-installed government has silenced two key dissident broadcasters hours after it suspended civil liberties to prevent an uprising by backers of ousted President Manuel Zelaya. Obama administration seeks overhaul of chemical law, targets 6 chemicals for reviewWASHINGTON — With more and more toxic chemicals turning up in people’s bodies and the environment, the Obama administration asked Congress Tuesday to draft a tougher law for how the government regulates tens of thousands of chemicals. High costs force some people to roll the dice on health care coverage, opt out of insuranceNEW YORK — Call it a health care gamble: the decision by some people to opt out of health insurance, paying cash for routine care while playing the odds that an accident or catastrophic illness won’t plunge them into financial ruin. Honduras restricts civil liberties, issues ultimatum to Brazil; Zelaya calls for mass marchesTEGUCIGALPA, Honduras — Interim government leaders have suspended constitutionally guaranteed civil liberties in a pre-emptive strike against widespread rebellion Monday, three months to the day since they ousted President Manuel Zelaya in a military-backed coup. Public plan debate to take center stage as Senate Finance goes back to work on health careWASHINGTON — Democrats sought to give government the right to sell insurance in competition with private industry Tuesday as the Senate Finance Committee opened a second week of debate over massive health care legislation. |
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