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Crisis In The Housing Market
5:59 pm
Tue May 1, 2012

Time To Trade The Lease For A Mortgage?

According to the U.S. Census Bureau, homeownership rates got even closer to pre-housing boom numbers in the first quarter of 2012.
Steven Senne AP

Originally published on Wed May 9, 2012 10:44 am

This week, the U.S. Census Bureau announced that in the first quarter of 2012, the American homeownership rate hit its lowest level in 15 years. During the housing boom, millions more Americans bought homes, bumping the rate to nearly 70 percent. Now, that buying spree has been replaced with millions of foreclosures, and most of those gains have been lost.

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It's All Politics
5:59 pm
Tue May 1, 2012

In Mass. Senate Race, Warren On Defense Over Native American Heritage

U.S. Senate candidate Elizabeth Warren, a Democrat, greets people at Dinky's Blue Belle Diner in Shrewsbury, Mass., on Sunday.
Steven Senne AP

Originally published on Wed May 9, 2012 10:44 am

In the tight U.S. Senate race in Massachusetts, Democrat Elizabeth Warren has been playing defense because of allegations that she used her Native American heritage to advance her career.

Warren, the likely Democratic challenger to incumbent Republican Scott Brown, says she did not know that Harvard Law School touted her as a member of a minority group back in the 1990s, when the school's faculty came under criticism for being too white.

But Warren says that when she was growing up in Oklahoma, her family always told her that she's part Cherokee.

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Europe
5:03 pm
Tue May 1, 2012

George Papandreou: Greece Had To Make Changes

Former Prime Minister George Papandreou stands by the tough austerity measures that ultimately brought down his government — and ended his family's leading role in Greek politics. Here, the then-leader addresses the Socialist party parliamentary group at the Greek Parliament in Athens in November.
Louisa Gouliamaki AFP/Getty Images

Originally published on Wed May 9, 2012 10:44 am

Europe's economic crisis has been driving leaders from power, one after another. Among those toppled was George Papandreou, who stepped down as the prime minister of Greece last November, just two years into his government's four-year term.

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The Two-Way
5:02 pm
Tue May 1, 2012

Facing Criticism, Gay Romney Aide Resigns

Richard Grenell.
Mark Lennihan AP

Richard Grenell, a long time Republican hired by Mitt Romney's campaign as a foreign policy spokesman, resigned today. Grenell's hiring made news less than two weeks ago, because Grenell is openly gay.

The New York Times reports Grenell's abrupt resignation comes after he came "under attack by antigay activists in the party."

The Romney campaign cofirmed his resignation saying they were "disappointed" Grenell had resigned for "personal reasons."

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It's All Politics
4:58 pm
Tue May 1, 2012

Politics Not Far From Obama, Romney On Bin Laden Anniversary

President Obama gets a chance to showcase his national security credentials during a surprise visit to Afghanistan on the anniversary of Osama bin Laden's death at the hands of the U.S. military.
Mandel Ngan AFP/Getty Images

Originally published on Wed May 2, 2012 7:20 am

On the one-year anniversary of the killing of Osama bin Laden by U.S. Navy SEALs, there were two contrasting scenes to consider.

One was of President Obama in Afghanistan on a surprise visit, speaking to U.S. troops as their commander in chief in the nation whence the SEALs departed for their successful raid into Abbottabad in neighboring Pakistan.

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Author Interviews
4:38 pm
Tue May 1, 2012

'Blown Covers': Not Ready For The Newsstand

Abrams Books

Originally published on Wed May 23, 2012 10:50 am

This week's cover of the New Yorker magazine is a witty drawing by artist Chris Ware of a playground full of young children and their watchful parents. One woman wheels her son in a stroller, only to see that all the other parents are men. The image is called "Mother's Day."

But for all the memorable New Yorker covers out there, an equally large number of covers didn't make it to the newsstand. They were not quite on the money — or were sometimes a little too coarsely on the money.

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Media
4:20 pm
Tue May 1, 2012

News Corp. Contrite In Wake Of Scathing Report

An influential group of British lawmakers says Rupert Murdoch, shown above with his son James (left) last July, is unfit to lead his global media empire. The scathing report also says his company misled Parliament about the scale of phone hacking at one of its tabloids.
Sang Tan AP

Originally published on Tue May 1, 2012 5:04 pm

News Corp. executives Rupert and James Murdoch can give a small sigh of relief, perhaps, that U.K. lawmakers investigating the tabloid hacking and bribery scandal did not conclude they misled Parliament in earlier testimony.

But that may be just about the only relief the Murdochs receive.

The scathing report accuses the company and several of its former top British executives of lying to Parliament and of seeking to cover up widespread phone hacking, computer hacking and bribing of government employees.

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Shots - Health Blog
3:56 pm
Tue May 1, 2012

Are Democrats Reaching On Latest 'War On Women' Claim?

House Minority Leader Nancy Pelosi speaks at a news conference on Capitol Hill in Washington last week.
Jacquelyn Martin AP

The latest skirmish in the so-called war on women has to do with, of all things, interest rates on student loans. More specifically, the effort by House Republicans to offset the cost of a federal student loan bill by cutting funding from a $15 billion preventive health fund included in the 2010 Affordable Care Act.

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The Two-Way
3:46 pm
Tue May 1, 2012

Suicide Attack In Somalia Kills Seven, Including Politicians

A suicide bomber killed seven people, including three Somali lawmakers in Dusamareb today. Reuters reports that al Shabaab — the Islamic militant group — took responsibility.

Reuters adds:

"While suicide bombers sent by al Shabaab militants have struck government targets and African Union troops in the capital Mogadishu often in recent years, such attacks are rare in central Galgadud region.

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Science
3:20 pm
Tue May 1, 2012

Psychology Of Fraud: Why Good People Do Bad Things

Adam Cole/NPR

Originally published on Wed May 9, 2012 10:44 am

Enron, Worldcom, Bernie Madoff, the subprime mortgage crisis.

Over the past decade or so, news stories about unethical behavior have been a regular feature on TV, a long, discouraging parade of misdeeds marching across our screens. And in the face of these scandals, psychologists and economists have been slowly reworking how they think about the cause of unethical behavior.

In general, when we think about bad behavior, we think about it being tied to character: Bad people do bad things. But that model, researchers say, is profoundly inadequate.

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