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Bank Of America Deal Would Turn Owners To Renters

Bank of America is reaching out to some distressed homeowners with a deal. They can stay in their homes, but as tenants. They would need to turn over the deed to the bank. Bank of America says it will help avoid foreclosures, but housing advocates don't like the plan.
NPR

Why Gas Prices Are Rising Even As Demand Is Down

Americans are consuming less gasoline, but upward pressure on crude oil prices, seasonal factors and the shutdown of some refineries are combining to push up prices at the pump.

NPR

Obama Taps Dartmouth President For World Bank's Top Job

Jim Yong Kim is a physician by training and has been a prominent figure on global health issues. He is a former director of the World Health Organization's Department of HIV/AIDS.

NPR

Cherry Blossoms: See Them In D.C., Or On A Stamp

Washington, D.C.'s famed blossoms opened earlier than usual, thanks to unusually warm weather — so early, in fact, they'll be gone before the annual Cherry Blossom Festival wraps up. But a new 45-cent postage stamp captures the moment indelibly, commemorating the 100 years since Japan gifted 3,000 trees as a sign of friendship.
NPR

Fannie, Freddie Consider Mortgage Write-Downs

Fannie Mae and Freddie Mac have concluded that giving homeowners a big break on their mortgages would make good financial sense in many cases, NPR and ProPublica have learned. But a key regulator has resisted principal write-downs, and some economists fear they would lead to abuses.
NPR

How A City Goes Broke

Harrisburg, Pa, spent more than $300 million on a garbage incinerator. Now it has more debt per capita than any other U.S. city.

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