Monsoon rains heavy in south Asia Floods in Pakistan, India, and China have killed thousands of people. Rain is in the forecast again for the next few days. It's monsoon season in that part of the world, but the rains have been particularly heavy this year.8:40 a.m.
National Public Radio Stories
Conference To Debate Future Of Fannie, Freddie
In the eyes of many Republican lawmakers, the two government-sponsored companies started the rush into risky home mortgages that ultimately shook the foundation of the whole economy. But not everyone agrees with that assessment.
Shop Lenders For Best Mortgage Refinancing Deal
Interest rates on home mortgages are at record lows. Jessica Silver-Greenberg of The Wall Street Journal tells Linda Wertheimer that homeowners should shop around for the best rates. She says regional banks often offer better rates than the top-three lenders.
Justice Department Clears Tom Delay Of Corruption
The Justice Department has closed a six-year investigation of former House Majority Leader Tom Delay without bringing criminal charges. A combination of legal hurdles and internal complications hurt the department case along the way.
About-Face: More States Accept Stimulus Funds
More than 30 states have received about $4 billion in federal stimulus money since February 2009 to help those who are unemployed. When the stimulus act was passed, some governors said they did not want the money. But as the down economy has dragged on, some of the most conservative states have accepted millions of dollars.
Does Las Vegas Really Need Another Hotel-Casino?
Las Vegas just added a bit more bling to its famed Strip with the unveiling of a new marquee for The Cosmopolitan -- a resort-casino opening at the end of the year. There already are questions about how the city will absorb another 3,000 hotel rooms. Las Vegas has been hit hard by the down economy and is struggling with a glut of rooms. David Schwartz of the Center for Gaming Research at the University of Nevada Las Vegas talks to Steve Inskeep about the city's fortunes.
Banks Ease Lending Standards For Small Businesses
A new survey by the Federal Reserve shows that banks are making it easier for businesses to borrow money. Credit has been tight -- banks had choked off lending to all but the biggest and safest companies after the financial crisis began two years ago.
Costs Associated With Buying A Home Are Rising
A new survey by bankrate.com says mortgage closing costs have spiked across the country. The survey says the average closing costs for a mortgage -- like title insurance and building inspection fees -- have risen from about $2,700 to more than $3,700 over the past year.
AOL Aims High With Hyperlocal Journalism Project
The initiative, called Patch, launched its 100th local news site on Tuesday. AOL is expanding the program quickly and plans to cover 500 communities by the end of the year. But the company faces competition from well-established hyperlocal sites, and profitability remains to be seen.
Lycos Sold To Ybrant Digital For $36 Million
Lycos was one of the first Internet portals from the mid-90s. Ten years ago, the Spanish company Terra Networks paid more than $12 billion for Lycos. Terra later sold it to a Korean firm for nearly $100 million. This week, the Korean firm sold Lycos for $36 million.