Apr 23 Friday: Greece Formally Requests IMF-EU Bailout; Oil Rig Sinks in Gulf A poster next to a National Bank of Greece calls for civil servants to strike against austerity cuts. (Photo by Louisa Gouliamaki/AFP/Getty Images.) Greece's national debt crisis reached a tipping point Friday, as its prime minister formally asked the… Continue reading
Apr 23 Watch News Wrap: Debt-Saddled Greece Asks European Union, IMF for Bailout In other news on Friday, Greece officially asked the European Union and the International Monetary Fund for a bailout from its debt crisis, and a new wave of bombings targeting Shiite worshipers in Iraq killed 60 people. Continue watching
Apr 22 Gizmodo's Tale of New iPhone; Is New Droid Really 'Incredible'? Stop us if you've heard this one. So an Apple employee walks into a bar ... and walks out leaving behind what is believed to be the next generation iPhone. Long story short, tech blog Gizmodo paid for the… Continue reading
Apr 22 Summers on Importance of Financial Oversight, Curbing 'Too Big to Fail' By News Desk After President Obama spoke in New York City on Thursday about "common sense, reasonable" solutions to the problems that led to the financial crisis, correspondent Jeffrey Brown sat down with Lawrence H. Summers, the director of the National… Continue reading
Apr 22 South Florida: From Backwaters to Boom Towns Editor’s note: In Paul’s latest piece on strategic mortgage defaulters — people who are walking away from underwater mortgages even though they can often still afford to pay — he included an excerpt of a fascinating 2007 documentary produced… Continue reading
Apr 22 Obama: Reforms Would Put an End to Taxpayer Bailouts By Carolyn O'Hara _pap_embed_custom('news01s3e9cqe7c',482,304,""); President Obama traveled to New York City Thursday to deliver a speech outlining his goals for financial reform. As legislation rewriting the rules of Wall Street works its way through the Senate, Mr. Obama had tough words for the… Continue reading
Apr 22 Text: Obama's Speech on Wall Street Reform By Maureen Hoch President Obama delivered a speech on Wall Street reform at Cooper Union in New York City Thursday. Following is the text of his remarks, as prepared for delivery and distributed by the White House. Continue reading
Apr 22 Thursday: Obama to Call for Wall Street Reform; Most European Flights Resume President Barack Obama speaks at Cooper Union in 2008 as a Democratic candidate. (Photo by Spencer Platt/Getty Images) Updated 12:00pm ET You can find the full text of President Obama's speech on Wall Street reform here. Posted… Continue reading
Apr 22 Watch BNY Mellon's Kelly: Financial Reforms Could Stifle Economic Recovery As Democrats and Republicans in the Senate prepare to tackle a sweeping bank overhaul, Judy Woodruff talks to Bank of New York Mellon CEO Robert Kelly about how the bill could reshape the country's financial system and his concerns that… Continue watching
Apr 22 Watch Summers: Bank Reforms Would Halt 'Too Big to Fail' Mentality As the Senate prepares to consider new financial regulations, Jeffrey Brown talks to White House financial adviser Larry Summers about whether reform efforts could prevent another financial meltdown. Continue watching