Many of the biggest mortgage lenders in the U.S. have engaged in widespread, systematic schemes that ripped off hundreds of thousands of families seeking to buy a home, refinance or foreclose, according to lawsuits filed on behalf of consumers.
The global economy is barely showing a pulse, and the world's poor are especially at risk, the International Monetary Fund declared Wednesday.
U.S. workers are losing jobs in record numbers, scores of businesses are shuttering and hundreds of thousands of families are newly homeless - and Congress just gave itself a generous pay raise.
Warm ocean currents may have confused some 2,500 penguins from Argentina's Patagonia region that washed up - dead and alive - on Brazil's northern coast.
Climate change could be the cauBOSTONse of an unprecedented stranding of thousands of penguins on the coast of Brazil, say researchers.
Despite hundreds of billions of dollars thrown at banks large and small, the U.S. economy is in a free fall, just weeks before President-elect Barack Obama takes office, analysts say.
A new U.S. investigative panel is demanding answers from the U.S. Treasury about how the agency has spent money from the 700-billion-dollar bailout fund.
A congressional banking leader Tuesday blew hot air and blame at the U.S. treasury secretary about the ongoing home foreclosure crisis, but neither made a commitment to help stressed homeowners.
Nearly five weeks after Congress gave the nod to a 700-billion-dollar bailout fund, and as the economy sinks deep into a recession, no definite plan is in sight for struggling U.S. homeowners.
Women's right activists see an open door to the White House of President-elect Barack Obama, and they plan to walk right in and take a seat.
The Antarctic holds the world’s largest amount of fresh water in its icy grip, and it is most certainly warming as a result of greenhouse gases, say new scientific studies.
Since 1950, a temperature increase of as much as three degrees Celsius has been recorded on the Antarctic Peninsula -- one of the largest temperature hikes on Earth.
President-elect Barack Obama will inherit an ailing economy and the way to help right it is to spend - and spend some more, independent economists say.
U.S. consumers are in no mood to spend, and that calls for action, Congress and the George W. Bush administration said this week.
Bank crashes in Iceland, an International Monetary Fund (IMF) bailout of Ukraine and volatile stock markets the world over - it all links back to the U.S. communities where hundreds of thousands of families are losing their homes with no let up in sight, those on the frontlines say.
The global credit agencies Moody's, Standard and Poor's and Fitch propelled the financial meltdown by giving high marks to failing financial companies and their risky, sub-prime investments, lawmakers said Wednesday.
High-rolling Wall Street executives have won pay bonanzas in recent years while the lives of millions of working poor families have gotten worse, a new study shows.
The George W. Bush administration handed 125 billion dollars to nine of Wall Street's richest banks, but this will do little to help the economy that is crumbling around ordinary U.S. citizens, independent experts and activists say.
The George W. Bush administration has hired a Wall Street firm to lead its 700-billion-dollar bailout plan, but how much the U.S. is paying the firm is being kept secret.
The George W. Bush administration announced Friday evening it would buy shares in troubled U.S. banks, a move that upstages its own rigid, free-market ideology, and answers calls for the action by European leaders.
As leaders of nations around the globe tried frantically to address their ailing economies, British Prime Minister Gordon Brown paused long enough to comment about how Britain may have gotten into this mess.