President Obama holds a proposed mortgage application in Falls Church, Va., Wednesday, Feb. 1, 2012.
When President Obama on Wednesday said at an event to promote an administration proposal to help pinched homeowners: "But it is wrong for anybody to suggest that the only option for struggling, responsible homeowners is to sit and wait for the housing market to hit bottom," he clearly had someone in mind.
The knighthood of Fred Goodwin (shown here in 2007), former chief executive of the Royal Bank of Scotland, has been "canceled and annulled," the British government announced Tuesday. Under Goodwin's leadership, the bank nearly collapsed in 2008, leading to $70 billion bailout by British taxpayers and outrage over his large pension.
Credit Jeff J. Mitchell / Getty Images
A glazier removes a smashed window at Goodwin's home in Edinburgh, Scotland, after it was attack by vandals overnight on March 25, 2009. Public outrage ran high after the disgraced banker left his job with a pension of more than $1 million a year. Eventually, he agreed — reluctantly — to half that amount.
Until recently, the former head of the Royal Bank of Scotland was known as Sir Fred Goodwin. Now, he's plain old Fred. Goodwin has been stripped of his knighthood because of the prominent role he played in RBS' near-failure. But not all Britons are happy.
A couple of years ago, Goodwin could do no wrong. He had turned RBS into one of the biggest banks in the world. Known as "Fred the Shred" because of his ruthless cost-cutting, Goodwin was immensely rich, beloved by investors, and at home, a knight of the realm, a title he received in 2004.
Two senators who have taken the lead on legislation aimed to help homeowners refinance at historically low interest rates were blunt this morning about how concerned they are by the news NPR reported earlier this week that Freddie Mac "has placed multibillion-dollar bets against American homeowners being able to refinance to cheaper mortgages."
Communist Party activists in Moscow campaign on Dec. 2 for the party's candidates in parliamentary elections. The Russian Communist Party is hoping to capitalize on a wave of dissatisfaction with Prime Minister Vladimir Putin and his ruling United Russia party.
Credit Krill Kudryavtsev / AFP/Getty Images
Gennady Zyuganov, speaking at a news conference in Moscow on Jan. 26, has led the Russian Communist Party since 1993. Many younger Communists say they yearn for a more modern and flexible leader.
A snazzy new Communist Party poster shows two young, tech-savvy and attractive Russians. Both are smiling and dressed in red: The woman holds a red iPhone; the man holds a red laptop, his T-shirt emblazoned with a hammer and sickle.
Chris Taylor, who has worked with Grizzly Bear and others, now performs under the name CANT.
Chris Taylor may not be a household name, but you've probably encountered some of his work. Taylor was the bassist, producer and backing vocalist of Grizzly Bear on Yellow House and Veckatimest, in addition to running his own record label, Terrible Records.
From left, FBI Director Robert Mueller, Director of National Intelligence James Clapper, and CIA Director David Petraeus take their seats on Capitol Hill in Washington on Tuesday, prior to testifying before the Senate Intelligence Committee hearing.
As part of his yearly report to the Senate's Select Committee on Intelligence, the United States' intelligence chief said that depending how threatened Iran feels, it may be more willing to launch an attack against the U.S.
Mitt Romney had reason to smile on Florida primary day, Jan. 31, 2012.
With virtually all polls giving him a solid lead among Florida's Republican voters, Mitt Romney is expected to handily win the Sunshine State's GOP primary Tuesday, putting him back on course for his party's presidential nomination.
Condoms like this one were given out during the African National Congress party's centenary celebrations in early Now a South African health official says that 1.35 million of them are being recalled amid charges some broke during sex.
The party may be over, but the trouble may just be starting in South Africa.
Occupy D.C. protesters shout slogans after erecting a tent over the statue of Civil War Maj. Gen. James Birdseye McPherson at McPherson Square in Washington.
The Occupy D.C. encampment received notice that as of noon yesterday, camping would not be allowed at McPherson Square, the downtown Washington, D.C. park they've occupied for months now.
But that deadline came and went and instead of heeding the warning from the National Park Service, the protesters erected an even bigger tent. The protesters draped a huge blue tarp emblazoned with the words "Tent of Dreams" over the statue of Maj. Gen. James B. McPherson in the middle of the park.
Italian firefighters scuba divers approach the grounded cruise ship Costa Concordia off the Tuscan island of Giglio, Italy on Friday.
Citing safety concerns, Italian officials said they were calling off the search for those still missing at the site of the Costa Concordia shipwreck.
The AP reports:
"Italy's Civil Protection agency said Tuesday that technical studies indicated that the deformed hull of the ship created too many safety concerns to continue the search. It said in a statement that relatives and diplomatic officials representing the countries of the missing have been informed of the decision.