Democrats Float Federal Mortgage Bailout Plan

A key Democrat in Congress is planning to introduce legislation in the next few weeks that would engage the Federal government in directly bailing out troubled homeowners unable to afford their current mortgages. The plan will clearly set up a showdown with Bush administration officials that have so far strongly favored a private-sector resolution to the current industry crisis. Read more

Administration Says “Let Homeowners Go Under” - Political Opinion

Imagine if President Bush, standing in New Orleans a few weeks after hurricane Katrina, had said to the nation: “It’s terrible that a disaster just washed away tens of thousands of homes, but my administration and economic advisers believe in the market and the market alone. Any direct government help is a bailout. Let’s just wait until the invisible hand of the market rebuilds this community.” Read more

KARA Lost a Member!

What happens when you are a singer and fail the college entrance exam? Some will be sent to NYC for a vacation, some will be forced by their father to quit the singing career entirely and sit at home study for the whole year for the next year exam! Read more

U.K. Introduces New Immigration System From Today

The biggest shake-up of the U.K. immigration system in 45 years got underway today with the introduction of a new points system to ensure only the best can work in Britain, new licenses for businesses who want to employ migrants and big on-the-spot fines for those not obeying the rules and found hiring illegal workers. Read more

Shindong Sings for an OST

One of Super Junior’s most underrated members, Shindong, will be singing and rapping in 2 songs for the Single Papa in Love OST. Read more

EPA Dismisses Scientist for Double Standards, But Who Has the Double Standards?

At the request of the chemical industry, the Environmental Protection Agency (EPA) dismissed a toxicologist who had chaired a panel investigating the harmful effects of a flame retardant widely used in consumer electronics, the LA Times reports. Read more

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