The Federal Housing Finance Agency, the government regulator for Fannie and Freddie, approved $12.79 million in bonus pay after 10 executives from the two government-sponsored corporations last year met modest performance targets tied to modifying mortgages in jeopardy of foreclosure. The executives got the bonuses about two years after the federally backed mortgage giants received [...]
The number of Americans living in communities of extreme poverty — neighborhoods in which at least 40 percent of the population is poor — soared by one-third between 2000 and the latter half of the decade,according to a new study from the Brookings Institution. The marked increase in so-called concentrated poverty underscores the distress tearing [...]
“You are in the process of being indoctrinated. We have not yet evolved a system of education that is not a system of indoctrination. We are sorry, but it is the best we can do. What you are being taught here is an amalgam of current prejudice and the choices of this particular culture. The [...]
CBS commentator Andy Rooney dies at 92
Longtime CBS News commentator Andy Rooney has died, CBS News reported Saturday. He was 92. He had been hospitalized after suffering “serious complications” following minor surgery last month. Rooney got his start in journalism during World War II, when he wrote for the “Stars and Stripes,” and joined CBS in 1949 as a writer for [...]