News - Created on 17 May 2013
City of Detroit is insolvent
by Chris Isidore
The Detroit city government is weeks away from running out of the cash it needs to operate, according to an initial report from the emergency manager overseeing its finances.
The report from Kevyn Orr, the bankruptcy attorney appointed by the state in March, lays out a bleak financial position for the city.
"The city has effectively
...- Created on 17 May 2013
New Wall Street threat to homeownership
by Stella J. Adams
(NNPA)—Private-equity firms, hedge funds and other Wall Street investors are seeking to develop a Real Estate Owned (REO)– to- Rent Securitization Market with the blessing of the FED and FHFA. A year ago, the Federal Reserve Board issued a policy statement on rental of REO owned by the banks they supervise and allowed the banks t
...- Created on 17 May 2013
Powerball jackpot 3rd largest in U.S. history
The odds of winning the Powerball jackpot are 1 in 175 million.
STORY HIGHLIGHTS
- No one matched winning numbers in Wednesday night's Powerball drawing
- The jackpot for Saturday's drawing will be at least $550 million
- Largest jackpot in U.S. history was $656 million in Mega Millions game in 2012
(CNN) -- The Powerball jackpot for
...- Created on 17 May 2013
Powerball jackpot 3rd largest in U.S. history
The odds of winning the Powerball jackpot are 1 in 175 million.
STORY HIGHLIGHTS
- No one matched winning numbers in Wednesday night's Powerball drawing
- The jackpot for Saturday's drawing will be at least $550 million
- Largest jackpot in U.S. history was $656 million in Mega Millions game in 2012
(CNN) -- The Powerball jackpot for
...- Created on 17 May 2013
U.S. options to 'capture or kill' Benghazi suspects [Video]
The U.S. military has updated plans to "capture or kill" alleged perpetrators of the deadly terror attack on the American diplomatic compound in Benghazi, Libya, CNN has learned.
The development comes amid growing pressure on the White House to show progress in the effort to catch those who killed Ambassador Christopher Stevens and
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