Federal Reserve to fine eight more banks on foreclosure violations

UN asked to back efforts 

to end Syria conflict

March-19-2012 -- Kofi Annan gives a statement after his address to the Security Council in New York at the United Nations headquarters in Geneva, Switzerland on Monday

that urges the Syrian government to immediately implement proposals by international envoy Kofi Annan to end the yearlong bloodshed.

The pledge to consider "further measures" — which could include sanctions or military action -

 if it doesn't.

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Treasury nets $25 billion profit 

on mortgage debt

March-19-2012 -WASHINGTON - The Treasury Department said on Monday it made a $25 billion profit on sales of mortgage-backed securities acquired during the financial crisis, part of its ongoing efforts to wind down taxpayer-financed bailout programs.
INFO-AWARENESS , VIKEN Z KOKOZIAN

GOP's Budget Targets Taxes
March-19-2012--House Republicans, searching for an election-year message amid a muddled political and economic landscape, will introduce a 2013 budget Tuesday that cuts tax rates and provides for just two individual brackets of 10% and 25%.
INFO-AWARENESS , VIKEN Z KOKOZIAN

Signs of trouble in China's 

soaring skyline?

March-19-2012--China's strong consumer base has kept the country stable in times of global economic uncertainty. But alternative economic indicators may now be pointing to tougher financial times for the world's second-biggest economy.

The country's towering skyline, made up of plenty of new but vacant buildings, is a sure indicator for many that it is heading for trouble.

INFO-AWARENESS , VIKEN Z KOKOZIAN 

Rabbi, 

three children shot dead 

outside Jewish school in France

March-19-2012--PARIS - France was plunged into mourning and national outrage Monday by the terrorist-style killings of three young children and a rabbi as they gathered for classes at a Jewish school in a quiet residential neighborhood of Toulouse.

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Greece's Socialist Party 

Changes Leaders

March-19-2012--ATHENS - Greece's finance minister, Evangelos Venizelos, formally assumed the leadership of the beleaguered Socialist Party on Monday, saying he would strive to put the country back on the path to economic recovery and restore the faith of austerity-weary citizens.  

“We must rebuild our country, we must provide citizens with the certainty that they will not go through what they have been through again,  

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Federal Reserve to fine eight more banks 

on foreclosure violations
March-19-2012--Eight large banks face will be fined by regulators for foreclosure abuses,
The banks -- EverBank, Goldman Sachs, HSBC North America, OneWest Bank, MetLife, PNC Financial Services Group, US Bancorp and SunTrust Banks -- face sanctions for "unsafe and unsound practices in their loan servicing and foreclosure processing," the Fed said.
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US War Game Sees Perils 

of Israeli Strike Against Iran

March-19-2012--WASHINGTON - A classified war simulation held this month to assess the repercussions of an Israeli attack on Iran forecasts that the strike would lead to a wider regional war, which could draw in the United States and leave hundreds of Americans dead.

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Fed. "stress tests" 

show health of banks
March-19-2012--The Federal Reserve's yearly stress tests are designed to ensure that banks can withstand a financial crisis. Of the 19 banks tested, 15 passed this year.
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Millions slaughtered each decade: Still think the current world order is just?

Millions slaughtered each decade: 

Still think the current world order is just?

March-15-2012--Under the secularist world order, millions of human beings are being exterminated in violent ways every single decade. From the world wars, passing through Korea, Vietnam, Iran, Iraq, Afghanistan and countless others in between, the violent deaths of millions of fellow peoples have seemingly been fueling an order of the world which seeks to

wipe religion from everyone's hearts.  

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Israeli threats of attack sparked new wave of Iran sanctions, officials say

March-15-2012-Foreign Ministry official says recent sanctions imposed by EU, US, as well as China's reduction of oil purchassrael's political leadership remains divided regarding how to react to the Iranian nuclear reactor issue. Defense Minister Ehud Barak believe that international sanctions will not successfully end Iran's drive to develop nuclear weapons, and support a unilateral Israeli attackes from Iran.

US, UK Discuss Tapping Oil Stocks

March-15-2012--The US and Britain discussed tapping strategic stocks of crude oil to calm oil markets, British Prime Minister David Cameron said Thursday, but he added that no decision was reached. High oil prices are driving gasoline prices to record levels for this time of year, raising the pressure on President Barack Obama to take steps—such as tapping the Strategic Petroleum Reserve

INFO-AWARENESS , VIKEN Z KOKOZIAN

DJIA: Wall Street Rises, 

Pushing S&P Above 1,400, Paypal Takes on Square Inc. with New Device

March-15-2012--U.S. stocks rose on Thursday, with the S&P 500 topping the 1,400-mark for the first time since the financial crisis on a strong run of economic data.

INFO-AWARENESS , VIKEN Z KOKOZIAN

Dollar falls vs yen, euro 

on profit taking after rally

March-15-2012--NEW YORK-The dollar dropped broadly on Thursday, with investors opting to book profits, particularly against the yen, which had hit an 11-month high after nearly six straight weeks of gains. 

INFO-AWARENESS , VIKEN Z KOKOZIAN

Karzai Calls on US to Pull Back 

as Taliban Cancel Talks

March-15-2012--KABUL, Afghanistan - President Hamid Karzai insisted Thursday that the United States confine its troops to major bases in Afghanistan by next year as the Taliban announced that they were suspending peace talks with the Americans, both of which served.

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In China, 

a Rare View of Infighting by Leaders

March-15-2012-BEIJING - A deep vein of intrigue has always pulsed through the messy process of sorting out power in China's Communist Party.

The leadership transition that will commence this autumn was supposed to put an end to that kind of political bloodshed. But the ouster on Thursday of Bo Xilai, the Communist Party secretary of Chongqing municipality who was openly campaigning for a spot in that elite leadership, 

INFO-AWARENESS , VIKEN Z KOKOZIAN

S&P 500 Tops 1400 

on Better-Than-Estimated Economic Data

March-15-2012--US stocks advanced, after the Standard & Poor's 500 Index topped 1400 for the first time in almost four years, as data showed manufacturing in the New York region unexpectedly increased and jobless claims declined.

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A Rape Victim's Suicide Proves Morocco's Culture of Silence Must Go

March-15-2012--The suicide of rape victim Amina Filali is a reminder that the shameful blame-the-victim culture in Morocco needs to go. “Moroccan Girl Kills Herself After Judge Forces Her To Marry Her Rapist.

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Obama denounces China on rare earth metals

Obama denounces China 

on rare earth metals

March-13-2012--US President Barack Obama Tuesday accused China of breaking global trade rules by restricting exports of rare earth elements used in an array of hi-tech products from iPods to wind turbines . 

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Romney looks for breakthrough 

in South tonight

March-13-2012-- Mitt Romney was looking for a Southern breakthrough as he faced rivals Newt Gingrich and Rick Santorum in Republican presidential primaries today in Alabama and Mississippi All three hopefuls competed heavily in the two Deep South states. 

Romney and his allies outspent the rival campaigns.

INFO-AWARENESS , VIKEN Z KOKOZIAN 

Fed Says 15 of 19 Banks 

Have Adequate Capital in Stress Scenario

March-13-2012--Play Results of Fed Bank Stress Tests The Federal Reserve said 15 of the 19 largest US banks could maintain adequate capital levels even in a severe recession that assumes they keep paying dividends and buying back stock.

Today’s results of the central bank’s stress tests show that nearly three years of economic expansion have helped U.S. banks raise profits, rebuild capital, and increase liquidity 

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Fed Notes Better Economy, 

Takes No Policy Action

March-13-2012--The Federal Reserve sketched a mildly brighter view of the economy after a burst of hiring since its last meeting. It took no further steps to aid the recovery and repeated its plan to keep short-term interest rates near zero through 2012.

INFO-AWARENESS , VIKEN Z KOKOZIAN

New York to Settle Some Mortgage Claims 

With 5 Banks

March-13-2012--Five of the nation's biggest banks have agreed to pay New York a total of $25 million to settle claims by 

New York State Attorney General Eric Schneiderman regarding their use of a private national mortgage electronic.

INFO-AWARENESS , VIKEN Z KOKOZIAN 

Fed sees economy improving, 

but leaves interest rates alone

March-13-2012 --The Federal Reserve upgraded its outlook Tuesday, saying it expects the economy to grow moderately this year, but the central bank held to its forecast that interest rates will likely stay near zero until at least 2014.

INFO-AWARENESS , VIKEN Z KOKOZIAN

Jobless Rates Decline in Key States

March-13-2012--Joblessness remains high but has fallen in a handful of states expected to be closely contested in November, a turnaround from a year ago that has shifted the political debate in the presidential election. 

U.S. unemployment declined to 8.3% in January from 9.1% a year earlier, and the drop was more pronounced in a group of states that could tilt the election, Labor Department data released.

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$25B mortgage settlement with banks is official

$25B mortgage settlement 

with banks is official

March-12-2012- WASHINGTON - The government has filed a $25 billion settlement with the five largest US mortgage lenders in federal court, putting an official stamp on the landmark agreement announced last month over alleged foreclosure abuses.      

Banks will pay roughly $20 billion to help borrowers avoid foreclosure. Most of that will go toward reducing loans for about 1 million of the 11 million U.S. households that owe more on their mortgages than their homes are worth.

The banks will also pay $5 billion in cash to the federal and state governments. About a third of that money will go into a fund to be used for sending $2,000 checks to about 750,000 Americans who were improperly foreclosed upon from 2008 through 2011.

Bank of America has the largest financial obligation under the settlement, at $11.8 billion.

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$25B mortgage settlement with banks is official

$25B mortgage settlement 

with banks is official

March-12-2012- WASHINGTON - The government has filed a $25 billion settlement with the five largest US mortgage lenders in federal court, putting an official stamp on the landmark agreement announced last month over alleged foreclosure abuses.      

Banks will pay roughly $20 billion to help borrowers avoid foreclosure. Most of that will go toward reducing loans for about 1 million of the 11 million U.S. households that owe more on their mortgages than their homes are worth.

The banks will also pay $5 billion in cash to the federal and state governments. About a third of that money will go into a fund to be used for sending $2,000 checks to about 750,000 Americans who were improperly foreclosed upon from 2008 through 2011.

Bank of America has the largest financial obligation under the settlement, at $11.8 billion.

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