Originally published on Tue February 21, 2012 4:06 pm
Greece is looking more and more like one of those "troubled homeowners" we hear so much about.
It's underwater and struggling to cover debts worth far more than its gross domestic product. So nervous lenders are offering to write down some of those loans in hopes of sending Greece a lifeline and keeping Athens current on its payments.
In return, the country has agreed to put its balance sheet in order, a process that is going to be neither easy nor quick.
International tension over Iran's disputed nuclear activities was ratcheted up today, when an Iranian general warned that his country would take pre-emptive action if its national interests were threatened.
Reuters reported Gen. Mohammed Hejazi made his comments in an interview with the semi-official Fars News Agency.
Originally published on Tue February 21, 2012 12:35 pm
The U.S. Supreme Court hears arguments Tuesday in a case testing whether it is illegal for mortgage lenders to tack on fees to closing costs for services that were not provided. The case was brought by three Louisiana couples who claim their lender violated a 1974 federal law aimed at preventing abusive practices in real estate closings.
Originally published on Tue February 21, 2012 11:54 am
A lanky Libyan man leans hard against the railing, looking out at the waves of the Mediterranean crashing below us on the seafront in Benghazi. He's lost in thought for a moment, then shakes his head and takes a long drag from his cigarette.
"They were dropping like flies," he says. "I knew I was going to die next."
Originally published on Tue February 21, 2012 5:19 pm
Researchers have nailed down something scientists, government officials and agribusiness proponents have argued about for years: whether antibiotics in livestock feed give rise to antibiotic-resistant germs that can threaten humans.
Historian Andrew Preston first became interested in the overlap between religion and America's foreign policy decisions while teaching an undergraduate class on American foreign policy in the days leading up to the 2003 invasion of Iraq.