The Obama Administration’s proposed budget aims to eliminate billions of dollars in subsidies that go to farmers every year regardless of need. These direct cash payments are among the most controversial component in the sweeping Farm Bill which is up for re-authorization this year.
Across the country, big banks and other large investors are buying up tens of thousands of foreclosed rental properties. They're not always model landlords, according to tenants and regulators. Some banks are failing to follow local and state housing codes, leaving tenants to live in squalor — without even a number to call in the most dire situations.
Mitt Romney is campaigning as a businessman who knows how to turn the economy around — a skill he says he learned during his time turning companies around, as president of the private equity firm Bain Capital.
So today, we're going to take a look at two deals that Bain did while Mitt Romney was heading the firm. This afternoon, we'll tell the story of one of Bain's successes.
Sony launched the PlayStation Vita, its first hand-held gaming device in seven years, Wednesday. Vita, of course, is the Latin word for "life." And after suffering a series of tough blows — from the Japanese earthquake and tsunami to a relentlessly strong yen and a significant hacking attack — a bit of new life is just what the struggling company needs.
The Vita went on sale at a Best Buy in Los Angeles Wednesday morning. Despite the company's $50 million marketing campaign, only about a dozen gamers were on hand.
Democratic Senator Michael Bennet says Congress needs to “set aside politics” and renew a popular wind energy production tax credit that expires at year’s end. Tens of thousands of jobs are at stake, and according to Sen. Bennet time is running out.