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Paulson proposes financial overhaul

AP - 45 minutes ago

WASHINGTON - The Bush administration Monday proposed the most far-ranging overhaul of the financial regulatory system since the stock market crash of 1929 and the ensuing Great Depression.

 
  • Liu Qi, the president of the Beijing Olympics organizing committee (BOCOG), right, and Politburo Standing Committee member Zhou Yongkang stand behind the Olympic flame on its arrival in China, at Beijing airport Monday March 31, 2008. (AP Photo/Greg Baker)
    Olympic torch re-lit in Beijing ceremony AP - 2 hours, 34 minutes ago

    BEIJING - Chinese President Hu Jintao presided over the re-lighting of the Olympic torch Monday in the host city, signaling the start of an around-the-world torch relay that already has become a magnet for protesters.

  • Complications from heartburn on the rise AP - 43 minutes ago

    WASHINGTON - Chronic heartburn is a daily acid bath for the esophagus, and complications from it are on the rise.

  • Yahoo launches site focused on women AP - Mon Mar 31, 10:57 AM ET

    NEW YORK - Yahoo Inc. on Monday launched a site for women between ages 25 and 54, calling it a key demographic underserved by current Yahoo properties.

  • Today Show host Matt Lauer talks with Kathie Lee Gifford on NBC's 'The Today Show' about the announcement of her co-hosting duties of the fourth hour of 'The Today Show' on Monday, March 31, 2008, in New York. (AP Photo/Peter Kramer)
    Kathie Lee Gifford to join NBC's `Today' AP - Mon Mar 31, 12:02 PM ET

    NEW YORK - Kathie Lee Gifford will soon be back on TV's early shift.

  • A lone fan stands among empty seats as baseball fans took shelter from the weather during a rain delay in the start of the New York Yankees' opening day baseball game against the Toronto Blue Jays at Yankee Stadium in New York, Monday, March 31, 2008. (AP Photo/Kathy Willens)
    Final opener at Yankee Stadium postponed AP - 1 hour, 20 minutes ago

    NEW YORK - The beginning of the end will have to wait. The final opening day at Yankee Stadium was postponed because of rain Monday, pushing back New York's game against the Toronto Blue Jays.

  • Treasury Secretary Henry Paulson speaks at the Treasury Department in Washington March 31, 2008. (Jason Reed/Reuters)
    Treasury spells out regulatory overhaul plan Reuters - 1 hour, 45 minutes ago

    WASHINGTON (Reuters) - Treasury Secretary Henry Paulson revealed sweeping plans on Monday for streamlining a hodgepodge of regulations that are blamed for allowing the U.S. mortgage crisis to balloon into a full-blown economic threat.

  • President Bush and first lady Laura Bush board Air Force One upon their departure from Washington, March 31, 2008. (Kevin Lamarque/Reuters)
    Bush seeks to salvage legacy at NATO, Putin summits Reuters - Mon Mar 31, 12:35 PM ET

    WASHINGTON (Reuters) - U.S. President George W. Bush left on Monday for his farewell NATO summit and a final heads-of-state meeting with Russia's Vladimir Putin as he tries to salvage a foreign policy legacy frayed by the Iraq war.

  • A Zimbabwe policeman checks the seal on ballot boxes at the end of polling in Harare March 29, 2008. (Mike Hutchings/Reuters)
    Mounting concern at Zimbabwe poll delays Reuters - 1 hour, 5 minutes ago

    HARARE (Reuters) - Concern grew on Monday that long delays in issuing Zimbabwe's election results hid attempts by President Robert Mugabe to cling to power by rigging.

  • A resident looks at a burnt vehicle at the scene of a U.S. air strike in Baghdad's Sadr City March 31, 2008. (Kareem Raheem/Reuters)
    No sign Iraq clashes will affect U.S. drawdown: Gates Reuters - 2 hours, 43 minutes ago

    COPENHAGEN (Reuters) - U.S. Defense Secretary Robert Gates said on Monday he had seen no signs that recent violence in southern Iraq would affect a planned drawdown of U.S. troops.

  • U.S. Secretary of State Condoleezza Rice (L) and Palestinian President Mahmoud Abbas attend a joint news conference in Amman March 31, 2008. (Ali Jarekji/Reuters)
    Rice says Mideast talks on track, despite settlements Reuters - 1 hour, 34 minutes ago

    AMMAN (Reuters) - U.S. Secretary of State Condoleezza Rice said on Monday Israel must stop expanding Jewish settlements but voiced confidence peace talks were on track despite an Israeli announcement of a new housing project.

  • An aerial view of the Pentagon building in Washington, June 15, 2005. (Jason Reed/Reuters)
    U.S. defense analyst guilty in China spy case Reuters - 11 minutes ago

    WASHINGTON (Reuters) - A U.S. Defense Department analyst pleaded guilty to giving classified information to China, the Justice Department said on Monday.

  • Model and actress Anna Nicole Smith hugs her son Daniel as they arrive for 'G-Phoria - The Award Show 4 Gamers' at the Shrine Auditoreum in Los Angeles, California July 31, 2004. (Jim Ruymen/Reuters)
    Anna Nicole's son died of drug overdose, jury says Reuters - 1 hour, 12 minutes ago

    NASSAU (Reuters) - Tabloid star Anna Nicole Smith's son Daniel died of a drug overdose, an inquest jury in the Bahamas ruled on Monday.

  • Pakistan President Pervez Musharraf (top L) swears in cabinet ministers in Islamabad March 31, 2008. Musharraf swore in 24 members of Prime Minister Yousaf Raza Gilani's cabinet on Monday, six weeks after opposition parties won a general election. (Press Information Department/Handout/Reuters)
    Musharraf swears in Pakistan cabinet full of foes Reuters - Mon Mar 31, 8:12 AM ET

    ISLAMABAD (Reuters) - Pakistani President Pervez Musharraf swore in 24 members of Prime Minister Yousaf Raza Gilani's cabinet on Monday, six weeks after opposition parties won a general election.

  • Supporters of Zimbabwe ruling party ZANU PF celebrate in Mbere township in Harare as first results in the general elections are announced. Zimbabwe's opposition claimed a clear lead over President Robert Mugabe and his party, as pressure mounted Monday for the swift announcement of full results from presidential and parliamentary polls.(AFP/Alexander Joe)
    Opposition claim clear lead in Zimbabwe vote as riot police deploy AFP - 2 hours, 15 minutes ago

    HARARE (AFP) - Zimbabwe's opposition claimed a clear lead over President Robert Mugabe and his party, as pressure mounted Monday for the swift announcement of full results from presidential and parliamentary polls.

  • The United States announced Monday it had charged Tanzanian Al-Qaeda leader Ahmed Khalfan Ghailani, seen here in a 2001 FBI handout, currently held at Guantanamo Bay, with war crimes in connection with the 1998 US embassy bombings in East Africa.(AFP/FBI-HO/File)
    US charges Al-Qaeda leader with Africa bombings AFP - 10 minutes ago

    WASHINGTON (AFP) - The Pentagon announced Monday war crimes charges carrying the death penalty against a Tanzanian inmate held in Guantanamo Bay arising from Al-Qaeda attacks on US embassies in East Africa a decade ago.

  • An artist's impression released by European Space Agency (ESA) shows the Automated Transfer Vehicle (ATV) during docking with the International Space Station (ISS). Europe's brand-new robot space freighter was inching towards the International Space Station on Monday as mission controllers practised key manoeuvres ahead of a maiden linkup on Thursday, the European Space Agency said.(AFP/ESA/File/D. Ducros)
    European space freighter in dress rehearsal for ISS hookup AFP - 1 hour, 38 minutes ago

    PARIS (AFP) - Europe's brand-new robot space freighter inched towards the International Space Station (ISS) on Monday as mission controllers practised emergency manoeuvres ahead of a maiden linkup on Thursday.

  • People walk past a poster bearing a message against rape in a street of Nairobi, Kenya, in 2005. A US risk mitigation group said Monday it will help Kenya to crack down on sexual offenders during recent violence and reduce violence against women in the east African nation.(AFP/File/Simon Maina)
    US forensic firm to aid Kenyan rape victims AFP - 1 hour, 7 minutes ago

    NAIROBI (AFP) - A US risk mitigation group said Monday it will help Kenya to crack down on sexual offenders during recent violence and reduce violence against women in the east African nation.

  • The US Federal Reserve building. US officials Monday proposed a broad overhaul of financial market regulation in an effort to restore confidence in a system reeling from the subprime mortgage mayhem.(AFP/GETTY IMAGES/File/Chip Somodevilla)
    US proposes broad reform of market oversight AFP - 10 minutes ago

    WASHINGTON (AFP) - The US administration Monday proposed a broad overhaul of financial market regulation in an effort to restore confidence in a system reeling from the subprime mortgage mayhem.

  • A woman takes a bottle of milk from the shelf in a supermarket in Berlin. Consumer prices in the 15 nations sharing the euro surged in March to the highest level since the bloc was formed in 1999, official data has shown, fuelling concerns of an "inflation spiral."(AFP/File/Barbara Sax)
    Eurozone struggles to cope with 'inflation spiral' AFP - Mon Mar 31, 11:35 AM ET

    BRUSSELS (AFP) - Consumer prices in the 15 nations sharing the euro surged in March to the highest level since the bloc was formed in 1999, official data showed Monday, fuelling concerns of an "inflation spiral."

  • Justine Henin of Belgium returns a backhand to Elena Vesnina of Russia during day eight of the Sony Ericsson Open in Key Biscayne, Florida.Henin won 6-2, 6-2 to advance to the quarter-finals.(AFP/GETTY IMAGES/Clive Brunskill)
    Tennis ace Henin advances while Venus-Kuznetsova quarter-final set AFP - 30 minutes ago

    MIAMI (AFP) - World number one Justine Henin of Belgium advanced to the quarter-finals of the 7.54 million-dollar ATP and WTA hardcourt event here on Monday while two other seeds booked a final-eight duel.

Most Popular Top Stories

  • Man-made molecules reverse liver cirrhosis in rats Reuters - Mon Mar 31, 8:20 AM ET

    HONG KONG (Reuters) - Scientists in Japan have designed artificial molecules that when used with rats successfully reversed liver cirrhosis, a serious chronic disease in humans that until now can only be cured by transplants.

  • A realtor's sign is seen on the lawn of a foreclosed home in Egg Harbor Township, N.J., Saturday, March  15, 2008. The Bear Stearns collapse tied together so much of what's wrong with today's economy — the housing crash, the credit crunch and a loss of confidence among investors and consumers alike. Nearly 9 million households now have upside-down mortgages, and for the first time ever, aggregate mortgage debt is bigger than the total value of homeowner equity — bigger by $836 billion, according to research by Merrill Lynch. (AP Photo/Mel Evans)
    Mortgage mess: Who gets help and who pays? The Christian Science Monitor - Mon Mar 31, 4:00 AM ET

    The federal government is increasingly focused on how to resolve the US mortgage mess, but the effort means grappling with controversial issues of who should receive help and who will pay for it.

  • A doctor checks a patient's blood pressure in a file photo. Lotrel, a pill combining two blood pressure drugs in one, was so effective at preventing heart attacks and other problems in a clinical trial that the study was stopped early, and its findings may change the way hypertension is treated, U.S. researchers said on Monday. (Lucy Nicholson/Reuters)
    Combo pill cuts blood pressure and heart risks Reuters - 1 hour, 31 minutes ago

    CHICAGO (Reuters) - Lotrel, a pill combining two blood pressure drugs in one, was so effective at preventing heart attacks and other problems in a clinical trial that the study was stopped early, and its findings may change the way hypertension is treated, U.S. researchers said on Monday.

  • People enjoy a day on the beach in Havana, August 12, 2006. (Claudia Daut/Reuters)
    Cubans allowed to stay at tourist hotels Reuters - Mon Mar 31, 10:22 AM ET

    HAVANA (Reuters) - President Raul Castro's government lifted an unpopular ban on Cubans staying at resort hotels reserved exclusively for foreigners on Monday in a new step to ease restrictions in the communist state.

  • Republican presidential candidate Senator John McCain adjusts his tie before speaking at the Los Angeles World Affairs Council March 26, 2008. (Mario Anzuoni/Reuters)
    McCain takes a walk down memory lane Reuters - 42 minutes ago

    MERIDIAN, Mississippi (Reuters) - Republican presidential candidate John McCain took a stroll down memory lane on Monday, opening a tour to show Americans the places where he grew from rebellious youth to war hero and politician.