Best places for a healthy retirement
Residents here live longer and have plenty of chances to pursue active lifestyles.
Residents here live longer and have plenty of chances to pursue active lifestyles.
Over 100 million Americans shop at club stores, but are the savings worth it?
The Federal Reserve and the Treasury are preparing broad new rules that would force banks to rein in practices that made multimillionaires out of many financial executives during the housing bubble, officials said.
Schools are phasing out penmanship in favor of computer-based writing skills.
The auto industry is rolling out more downsized SUVs for cost-conscious drivers.
The Hildebrandts paid off a whopping amount of credit card and personal debt in just a few years.
Zinc "fingers" that use viral enzymes insert or delete genes could lead to safer and more accurate gene therapies
Irving Kristol, the writer, editor and publisher known as the godfather of the wing-nuts whose radicalism perverted itself into a historic rejection of all things American has died.
The Denver shuttle bus driver at the center of a federal terrorism investigation has begun to cooperate with the authorities, admitting that he had perhaps unwittingly crossed paths in Pakistan with extremists allied with Al Qaeda , according to government officials briefed on the case.
Weeks after making headlines as Seattle's "mystery man," Edward Lighthart faces a new dilemma.
These real estate markets will likely be the first to show signs of recovery.
This playful bulldog pup is still figuring out how to stay up on all four paws.
Jim Press once ran Chrysler, but now he's surrounded by unpaid bills.
Remarks of President Barack Obama
Weekly Address
The White House
September 19, 2009
Leaders of the world’s largest economies will gather next week in Pittsburgh for the second time this year. The first meeting of the G-20 nations in April came at the height of the global financial crisis – a crisis that required unprecedented international cooperation to jumpstart the world’s economies and help break the downward spiral that enveloped all our nations.
At next week’s summit, we’ll have, in effect, a five-month checkup to review the steps each nation has taken – separately and together – to break the back of this economic crisis. And the good news is that we’ve made real progress since last time we met – here at home and around the world.
In February, we enacted a Recovery Act, providing relief to Americans who need it, preventing layoffs, and putting Americans back to work. We’ve worked to unlock frozen credit markets, spurring lending to Americans looking to buy homes or cars, take out student loans, or finance small businesses. And we’ve challenged other nations to join us not only to spur global demand, but to address the underlying problems that caused such a deep global recession in the first place.
Because of the steps taken by our nation and all nations, we can now say that we have stopped our economic freefall. But we also know that stopping the bleeding isn’t nearly enough. Our work is far from over. We know we still have a lot to do here at home to build an economy that is producing good jobs for all those who are looking for work today. And we know we still have a lot to do, in conjunction with nations around the world, to strengthen the rules governing financial markets and ensure that we never again find ourselves in the precarious situation we found ourselves in just one year ago.
As I told leaders of our financial community in New York City earlier this week, a return to normalcy can’t breed complacency. To protect our economy and people from another market meltdown, our government needs to fundamentally reform the rules governing financial firms and markets to meet the challenges of the 21st century. We cannot allow the thirst for reckless schemes that produce quick profits and fat executive bonuses to override the security of our entire financial system and leave taxpayers on the hook for cleaning up the mess. And as the world’s largest economy, we must lead, not just by word, but by example, understanding that in the 21st century, financial crises know no borders. All of us need to act more responsibly on behalf of a better economic future.
That is why, at next week’s G20 summit, we’ll discuss some of the steps that are required to safeguard our global financial system and close gaps in regulation around the world – gaps that permitted the kinds of reckless risk-taking and irresponsibility that led to the crisis. And that’s why I’ve called on Congress to put in place a series of tough, common-sense rules of the road that will protect consumers from abuse, let markets function fairly and freely, and help prevent a crisis like this from ever happening again.
Central to these reforms is a new Consumer Financial Protection Agency. Part of what led to this crisis were not just decisions made on Wall Street, but also unsustainable mortgage loans made across the country. While many folks took on more than they knew they could afford, too often folks signed contracts they didn’t fully understand offered by lenders who didn’t always tell the truth. That’s why we need clear rules, clearly enforced. And that’s what this agency will do.
Consumers shouldn’t have to worry about loan contracts written to confuse, hidden fees attached to their mortgages, and financial penalties – whether through a credit card or debit card – that appear without a clear warning on their statements. And responsible lenders, including community banks, trying to do the right thing shouldn’t have to worry about ruinous competition from unregulated and unscrupulous competitors.
Not surprisingly, lobbyists for big Wall Street banks are hard at work trying to stop reforms that would hold them accountable and they want to keep things just the way they are. But we cannot let politics as usual triumph so business as usual can reign. We cannot let the narrow interests of a few come before the interests of all of us. We cannot forget how close we came to the brink, and perpetuate the broken system and breakdown of responsibility that made it possible.
In the weeks and months ahead, we have an opportunity to build on the work we’ve already done. An opportunity to rebuild our global economy stronger that before. An opportunity not only to protect the American people and America’s economy, but to promote sustained and balanced growth and prosperity for our nation and all nations. And that’s an opportunity I am determined to seize.
So, thanks for listening and thanks for watching, and to our Jewish friends, who are celebrating Rosh Hashanah, have a happy and healthy New Year. Shanah Tovah.
If there's a way to keep more cash in your pocket, it's probably on this list.
Rush Limbaugh may reach a bigger base, but it's Glenn Beck who's grabbing the headlines.
Games that were sent to prisoners in care packages served a covert purpose.
A spot that once "had the world by the horns" is rocked by layoffs — and things are about to get worse.
One state is examining the connection between drinking sugar-sweetened beverages and health problems.
The bones are no bigger than the size of a person's hand, but scientists say they are a big and significant discovery.
How you write can indicate whether you're a liar, scientists in Haifa, Israel, have discovered.
Fossil hunters discover bones belonging to the Raptorex, the "blueprint" for the king of dinosaurs.
Many brands took a beating this year as the recession deepened, but two came out on top.
Doctors at Duke University Medical Center say the plastic fragment of an eating utensil -- with the Wendy's logo still legible on the side -- was likely to blame for the coughing, fatigue and pneumonia spells that plagued John Manley for almost two years.They pulled the fast-food foreign object from Manley's left lung during a Sept. 10 surgery. The 50-year-old Wilmington resident said he probably inhaled it while gulping a drink from Wendy's.
"I like to take big gulps of drink," the former home remodeler said. "I don't know of any other ways of it getting in there."
Doctors say a North Carolina man who was plagued with coughing fits should be OK now.
From the cable company to the doctor, try these negotiating strategies for saving money.
Many people falsely believe that Social Security will run out before they reach retirement.
Flight attendants and employees who move through a plane can leave germs, expert says.
They don't have to honor your seat assignments, and airport luggage scales can be wrong.
- They sell live turtles.
- A whole display case is devoted to sea cucumbers.
- Like any upscale American or Beijing supermarket, they have a sushi case. The prices are half what they’d be in America, but the pieces of fish are much thinner.
- They cut up meat in front of you. A whole pig was being butchered on a table. A roast duck was being sliced for packaging.