Originally published on Thu February 9, 2012 11:46 am
"After negotiating through the night," NPR's Yuki Noguchi reports, states attorneys general, federal officials and five major banks have agreed on a plan that will provide about $26 billion in mortgage relief and aid to homeowners who got crushed when the housing bubble burst.
Originally published on Thu February 9, 2012 7:23 am
"Syrian forces fired mortars and rockets Thursday in the rebellious city of Homs, the latest salvo in a weeklong assault that has killed hundreds as President Bashar Assad's regime tries to crush increasingly militarized pockets of dissent," The Associated Press reports.
Relying on reports from activists and residents in Homs, the AP and other news outlets say it appears that a brutal crackdown continues.
Following up on a plan he unveiled last September to let states apply to be exempt from basic elements of the Bush-era No Child Left Behind education law, President Obama will today announce the first 10 states that have qualified for such exemptions.
Russia's support for Syrian President Bashar Assad has put it at odds with other countries in the Arab world.
Russia drew a lot of flack from Arab countries and the West when it vetoed a U.N. Security Council resolution aimed at pressuring Assad to stop his crackdown on protesters. That has some analysts in Russia doubting whether the Kremlin really has a cogent strategy for the Middle East.
The dilemma for Russia policy in the Arab world can be illustrated by two very different events that took place this week.
The big Swiss bank UBS awarded some of its investment bankers millions of dollars in bonuses for their work last year. Now, according to The Wall Street Journal, it's taking some of that money back.
RENEE MONTAGNE, HOST:
Or clawing it back. That's our last word in business today. Claw back provisions implemented after the financial crisis allow banks to recover bonuses from employees. A trading scandal last year cost UBS more than $2 billion and pushed it into the red.
Rick Santorum headed in a different direction after his wins on Tuesday.
Here's NPR's Wade Goodwyn in Dallas.
WADE GOODWYN, BYLINE: North Texas was a good choice for former Pennsylvania Senator Rick Santorum to keep his campaign's momentum going. He met with evangelical pastors in the morning, Tea Partiers in the afternoon and a Republican women's group at night.
(SOUNDBITE OF MEETING)
UNIDENTIFIED WOMAN: It is our pleasure to introduce to you Rick Santorum. Give him a Texas welcome.