President Obama's home refinancing plan seeks to let a million or more American homeowners save money on their mortgages, even if those loans are underwater. But the plan announced Monday is not a new idea: A pair of economists at Columbia University — Chris Mayer and Glenn Hubbard — have been proposing a similar measure for years.
On Nov. 1, the European Central Bank will have a new president. Mario Draghi, currently head of Italy's Central Bank, is an American-educated economist with impeccable international credentials. But little is known about the man who will be called on to steer the central bank through the rising Eurozone storm.
In a press conference, yesterday, Libya's transitional leader Mustafa Abdul-Jalil said that Sharia law will become the "main source" of legislation in a post-Gadhafi era.
The AP reports on the news:
Islamic law, or Sharia, is enshrined as the basis of the constitution in a number of Middle Eastern countries with Muslim majorities. Most Gulf nations' constitutions state that Sharia is a main source of legislation, while Egypt says it is "the source.
Netflix's video subscription service lost 800,000 customers in the third quarter the biggest exodus in its history even as its earnings rose 65 percent.
The losses were larger than management had previously warned. The unwelcome surprise, contained in financial results released Monday, was compounded by a forecast calling for millions of Netflix Inc.'s DVD-by-mail subscribers to cancel the service in reaction to dramatic price increase that took effect last month.
The bad news bruised already battered stock as the shares plunged by more than 26 percent.
Human rights groups don't usually cheer military forays. But they have offered loud applause for the Obama administration's decision to send 100 military advisers to several countries in Africa to help those nations fight one of the continent's most notorious rebel groups, the Lord's Resistance Army.
Credit Scotiabank Toronto Waterfront Marathon / AP
Fauja Singh, the 100-year-old man who completed the Toronto Marathon, is being denied his place in the Guinness World Records. Guinness says he has not been able to produce a birth certificate, which it requires to certify a record.
But Singh has a passport and a letter from the Queen of England herself congratulating him on his 100th birthday.
Just over a fourth of registered voters are projected to cast ballots in next month’s election. Secretary of State Elaine Walker predicts between 25 to 28 percent of eligible voters will turn-out for the November 8th election. While Kentucky’s six-statewide campaigns are in the final stretch, there’s also a great deal of media attention focused on next year’s presidential race. Walker’s says it may be distracting voters. "You know, I’m not sure if the presidential race is having an impact on the local….it could…but…my feeling is more that people are not really angry with the state of the commonwealth,” said Walker.
President Obama's announcement that all U.S. troops will withdraw from Iraq by the end of the year has prompted significant debate over the prudence of the policy. From the the politics of the decision, to possible threats of sectarian violence and the influence of Iran, opinion is sharply divided. Ted Koppel, Ret. Gen. Jack Keane, Bob Woodward, Brian Katulis and Peter Van Buren joined NPR's Neal Conan on Talk of the Nation today and weighed in.
LEXINGTON – The University of Kentucky men’s basketball team was picked by the media to win its 45th Southeastern Conference championship this season as announced by the SEC on Monday. Each SEC school selected media members that cover their team and additional media from across the nation were selected by the conference office to form the voting panel.