Business

5:20am

Thu March 1, 2012

3:40pm

Wed February 29, 2012
Crisis In The Housing Market

Fannie, Freddie Won't Write Down Mortgage Principal

Many experts say reducing mortgage principal can help troubled homeowners stay in their homes. But two of the nation's largest mortgage holders, Fannie Mae and Freddie Mac, have not signed on to the idea.
Justin Sullivan Getty Images

Despite some green shoots in the economy, the housing sector remains weak. With 11 million Americans still underwater on their mortgages, some housing experts believe it's time for more dramatic solutions.

The idea of reducing the principal on the loans of underwater homeowners used to be a fringe concept, embraced by a few outliers. Today, many policymakers believe principal reduction is necessary to keep some troubled homeowners afloat.

But so far, the nation's biggest mortgage holders, Fannie Mae and Freddie Mac, haven't embraced the idea.

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3:01pm

Wed February 29, 2012
The Salt

Hey Locavores, Are You Creating Jobs?

The Know Your Farmer interactive map shows USDA-supported projects and programs related to local and regional food systems for the years 2009-2011.
USDA

When we think of the farmers we know, we can count a lot of locally-produced food we've reported on, from unusual greens to pawpaws.

And when the Obama Administration and the U.S. Department of Agriculture promotes their Know Your Farmer, Know Your Food initiative, what do they count? Jobs.

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8:53am

Wed February 29, 2012
The Two-Way

The Story Of HitmanForHire.net

Some people are serious when they say, "I want him dead." That is just one of the astonishing revelations chronicled by The Los Angeles Times in a feature on the misadventures of Essam Ahmed Eid.

Eid, as we learn, was the Las Vegas poker dealer turned Internet entrepreneur behind HitmanForHire.net, a site that once promised to bring together people with problems and people with solutions.

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7:20am

Wed February 29, 2012
The Two-Way

James Murdoch Steps Down As Executive Chairman Of News International

Originally published on Wed February 29, 2012 6:34 pm

(FILES) In a picture taken on July 13, 2011 then News International Chairman and Chief Executive James Murdoch arrives for work in east London.
Warren Allott AFP/Getty Images

As the phone hacking scandal that roiled his father's international news company deepened, James Murdoch is stepping down as Executive Chairman of News International.

The AP reports that News Corp., owned by James' father Rupert Murdoch, said he was stepping down "to focus on the company's international TV business."

We'll have more on this story as it develops.

Update at 9:28 p.m. ET. Murdoch's Statement:

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