Officials have been pressing five banks to offer mortgage relief and some financial aid to homeowners who got crushed when the housing bubble burst or were caught up in the "robo-signing" scandal that sped up the foreclosure process.
A federal watchdog confirmed it is looking into Freddie Mac investments that act as bets against homeowners being able to refinance. In addition, U.S. senators are expected to probe Freddie Mac's investment practice at a hearing on Capitol Hill on Thursday.
Historic buildings in Beijing are being demolished in the pursuit of quick profit. Even the home of the architect who urged Mao Zedong to preserve Beijing's old city has fallen to the wreckers' ball, sparking considerable outrage. And the epidemic of destruction is spreading to new buildings, too.
California, New York and a handful of other states have yet to sign on to a deal with mortgage lenders that would resolve the "robo-signing" issue. Lenders have pledged $25 billion to reduce outstanding mortgages, but some states say the deal doesn't go far enough to protect consumers.
President Barack Obama's campaign has urged top donors to support a super PAC run by former Obama aides. The president previously called the fundraising groups a "threat to democracy." The Center for Responsive Politics' Sheila Krumholz discusses the shift and NPR's Ken Rudin reviews the week in politics.
Many mid- and large-sized companies rely on computerized systems to scan resumes and narrow the field of job candidates. Some tracking software may overlook qualified applicants who haven't used the right keywords. The Wall Street Journal's Lauren Weber explains what it takes to get noticed.
Pulitzer Prize-winning journalist Katherine Boo spent more than three years in Mumbai's Annawadi slum. In her new book, Behind the Beautiful Forevers, she profiles people living in extreme poverty — right in the shadow of luxury hotels.
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