Saying he is "completely puzzled by the notion that there was something immoral that went on here," the man at the top of the agency that regulates Freddie Mac has explained why he believes the taxpayer-owned mortgage company did nothing wrong when one of its arms, as NPR and ProPublica have reported, "placed multibillion-dollar bets against American homeowners being able to refinance to cheaper mortgages."
"We have our own threats to impose at the right time" and "I have no fear of saying that we will back and help any nation or group that wants to confront and fight against the Zionist regime (Israel)," Iranian Supreme Leader Ayatollah Ali Khamenei said today after reports surfaced that Israel could soon mount air strikes on Iran's nuclear facilities.
Anyone watching the recent court proceedings in the military commissions at Guantanamo Bay couldn't have helped but notice that several of the lawyers sitting on the prosecution side of the courtroom were not in uniform. That's because two of the five lawyers prosecuting the alleged mastermind of the USS Cole attack aren't members of the military at all: They are lawyers from the Justice Department.
Facebook filed to go public this week, and many analysts expect that it will be valued between $75 billion and $100 billion on the day of its initial public offering. That would make Facebook more valuable than GM, Ford and even Goldman Sachs.
What's most remarkable is that the company has barely 3,000 employees, and many of them are about to become very, very rich.
Former Massachusetts Gov. Mitt Romney's decisive win over former House Speaker Newt Gingrich in Florida returned him to the front-runner's spot in the Republican presidential race. Romney emerged from that battle with his strengths, but also his weaknesses, on full display.
Sometimes hard-fought nominating contests produce a more formidable general-election candidate. That's what happened to Barack Obama in 2008. But Dan Schnur, a former Republican strategist, thinks it's too soon to tell if this Republican primary battle will have the same effect.
On Feb. 5, fashion designer Jason Wu is launching a limited-edition line for Target. Wu became famous for designing Michelle Obama's inaugural gown. He's the latest high-end designer to partner with a mainstream retailer and offer his chic couture at cheap prices for the masses.
On a bitterly cold morning in Washington, D.C., last November, hundreds of fashionistas flooded the street in front of the low-priced fashion chain H&M. Italian luxury label Versace was launching a collection there, and customers were waiting for the doors to open.
The Mona Lisa is one of the most enigmatic and iconic pieces of Western art. It has inspired countless copies, but one replica at the Madrid's Museo del Prado is generating its own buzz: conservators say that it was painted at the same time as the original — and possibly by one of the master's pupils, perhaps even a lover.
Losing a loved one in any circumstance can be a painful experience, but for some families in Chicago, that pain is being compounded by what's been happening at the Cook County morgue in recent weeks. In the words of one observer, it's "a moral travesty."