US Senator Harry Reid

Senate stalls in financial reform bill debates

In order to head off any attempts at a filibuster, the U.S. Senate has tried to invoke cloture to wrap up debate.  The attempt was unsuccessful, and intense debate is expected to continue unabated for some time. It may take longer than previously thought to get the financial reform bill passed and onto the desk
a mortgage foreclosure sign posted in front of a suburban home

Mortgage foreclosures hit record as prevention program falters

Mortgage foreclosure statistics reached an all-time high in the first quarter of 2010. Meanwhile, the federal foreclosure prevention program appears to be losing momentum. The inventory of homes in foreclosure rose to 4.63 percent from 4.58 percent in the fourth quarter, the Mortgage Bankers Association said Wednesday. The combined share of foreclosures and mortgage delinquencies
Riot arson

Bangkok curfew imposed as violence and fires rage in Thailand

As violence and unrest continue in Bangkok, the government has imposed a curfew.  This may be a prelude to martial law being declared in the capital of Thailand, if the situation doesn’t begin to subside. The anti-government Red Shirt protesters are not giving up, and violence is beginning to escalate.  Several foreign governments are urging
an electrical service panel with circuit breakers

Will stock market circuit breakers stop another Flash Crash?

New circuit breakers for the stock market to avoid another Flash Crash were proposed by the Securities and Exchange Commission Tuesday. The new trading curbs would be applied on a trial basis to all stocks on the Standard & Poor’s Index. The SEC said the new stock market circuit breakers will pause trading in specific