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47601. Feds plan to rescue Fannie Mae, Freddie Mac (permalink) Economy
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score: 2, Economy, 2008-07-14 02:00:40, published by CNN
The Treasury Department and Federal Reserve on Sunday outlined a comprehensive government plan to prop up Fannie Mae and Freddie Mac, the two mortgage finance giants that play a crucial role in the U.S. economy. The two companies own or back $5 trillion in home mortgages. [additional details]
47602. US moves to support lending firms (permalink) Economy
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score: 2, Economy, 2008-07-14 02:00:05, published by BBC
The US government announces sweeping measures to shore up troubled mortgage lenders Freddie Mac and Fannie Mae. [additional details]
47603. Yahoo rejects new break-up offer (permalink) Software
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score: 4, Software, 2008-07-13 17:00:37, published by BBC
Yahoo rejects a joint offer from Microsoft and the investor Carl Icahn, describing it as "ludicrous" [additional details]
47604. Fannie Mae, Freddie Mac's $5 trillion mess (permalink) Economy
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score: 2, Economy, 2008-07-13 10:00:37, published by CNN
Fannie Mae and Freddie Mac own or guarantee $5 trillion worth of mortgages, nearly half of all the country's outstanding home loan debt. Now, both companies are teetering on financial ruin. How could the companies end up in such awful straits? Given the way they were created and run, a better questi... [additional details]
47605. China 'is fuelling war in Darfur' (permalink) Security
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score: 2, Security, 2008-07-13 07:00:05, published by BBC
The BBC uncovers the first evidence that China is violating a UN arms embargo by helping Sudan in its conflict in Darfur. [additional details]
47606. Olmert says accusations are distorted, despicable (permalink) Economy
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score: 2, Economy, 2008-07-13 00:01:09, published by USA Today
Prime Minister Ehud Olmert says accusations that he stole thousands of dollars from charities are "distorted" and "despicable." [additional details]
47607. A battle far from Iraq, but just as hot (permalink) Security
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score: 2, Security, 2008-07-12 20:00:43, published by CNN
Their weapon in Iraq was a rifle. In California, it's a tool with a line of shark-like teeth. Iraq veterans are among the first of 400 National Guard troops to be deployed on the ground in California in more than three decades as they help battle wildfires. [additional details]
47608. Feds seize mortgage lender (permalink) Economy
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score: 2, Economy, 2008-07-12 19:00:43, published by CNN
In what could turn out to be the most expensive bank failure ever, troubled mortgage lender IndyMac Bancorp Inc. was taken over by federal regulators on Friday. [additional details]
47609. Iraqi tribal chief wants more aid from Baghdad (permalink) Security
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score: 2, Security, 2008-07-12 18:00:50, published by USA Today
In the rural outskirts of Baghdad, where the war seems distant in Iraq's new period of relative calm, a prominent Sunni tribal ... [additional details]
47610. Sound and fury (permalink) Security
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score: 2, Security, 2008-07-12 15:00:21, published by BBC
Cutting through the fog of Israel's war of words with Iran [additional details]
47611. Feds take over mortgage lender (permalink) Economy
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score: 2, Economy, 2008-07-12 10:00:38, published by CNN
California-based IndyMac was closed down on Friday, the Federal Deposit Insurance Corporation announced. The bank's operations will be transferred to the FDIC. As of Friday, IndyMac had about $1 billion of potentially uninsured deposits held by about 10,000 depositors. It is the second-largest bank ... [additional details]
47612. Africa fund kicks off in Munich (permalink) Sports
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score: 1, Sports, 2008-07-12 10:00:13, published by BBC
Some of the biggest names in football join forces for a new campaign to raise millions of dollars ahead of the 2010 World Cup in South Africa. [additional details]
47613. Blood clots killed woman ignored in ER (permalink) Security
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score: 2, Security, 2008-07-12 04:00:44, published by CNN
Blood clots from a long period of inactivity killed a woman who died last month on a waiting room floor at a New York hospital, the state's medical examiner said Friday. [additional details]
47614. Sudan angry at threat of charges (permalink) Security
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score: 2, Security, 2008-07-12 01:00:10, published by BBC
Sudan's UN ambassador angrily condemns the possibility of war crimes charges over Darfur against President Bashir. [additional details]
47615. Wall Street takes another pounding (permalink) Economy
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score: 2, Economy, 2008-07-12 00:00:59, published by CNN
Stocks slipped Friday, but managed to close off their lows, as fears that mortgage backers Fannie Mae and Freddie Mac would collapse eased after reports of comments from the Federal Reserve chief and other officials. [additional details]
47616. N. Korean soldier shoots S. Korean tourist dead (permalink) Security
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score: 2, Security, 2008-07-11 22:00:50, published by USA Today
A soldier fatally shot a South Korean tourist Friday at a resort in North Korea, prompting the South to suspend a high-profile ... [additional details]
47617. Zimbabwe opposition: 113 members killed since March (permalink) Security
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score: 2, Security, 2008-07-11 19:00:52, published by USA Today
Zimbabwe's opposition party reported Friday that at least 113 of its members have been killed in political violence since the ... [additional details]
47618. Mortgage mess slams Wall Street (permalink) Economy
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score: 2, Economy, 2008-07-11 19:00:42, published by CNN
Stocks tumbled near midday Friday amid surging oil prices and growing fears that the government will have to take over beleaguered mortgage finance companies Fannie Mae and Freddie Mac. [additional details]
47619. Families bury Srebrenica victims on 13th anniversary (permalink) Security
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score: 2, Security, 2008-07-11 18:00:50, published by USA Today
Tens of thousands of people commemorated Friday the 13th anniversary of Europe's worst massacre since World War II, and buried ... [additional details]
47620. Two mortgage giants sinking fast (permalink) Economy
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score: 2, Economy, 2008-07-11 18:00:40, published by CNN
The anxiety over Fannie Mae and Freddie Mac, which support $5 trillion in home loans, reached fever pitch on Friday as shares of the mortgage finance giants plunged in early trading. [additional details]
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