FROM James Hagerty
Koch Confirms Interest in Newspapers, but Mum on LA Times Bid Diverse investments have made Koch Industries of Wichita, Kansas a billion-dollar conglomerate, but the Koch brothers are better known for putting big money behind conservative SuperPAC's and foundations and Republican politicians that liberals denounce as extremist. Recently, it's been reported that the Koch brothers are interested in acquiring news organizations, including the Tribune Company, which owns the Los Angeles Times.
Loan Modifications Starting to Slow Foreclosures Many troubled homeowners may or may not agree, but Treasury Secretary Tim Geithner today proclaimed an important milestone in the effort to prevent mortgage foreclosures. James Hagerty reports on real estate for the Wall Street Journal .
Fannie Mae and Freddie Mac Freddie Mac and Fannie Mae are owned by private shareholders. But because they originally were chartered by Congress and get favorable rates, investors believe that both companies are implicitly backed by the federal government. They now own almost fifty percent of all mortgages in the United States, amounting to $5 trillion. Last week, their stocks lost almost half their value.
Trump plays scolder-in-chief with NATO allies At the opening of NATO’s dramatic new headquarters in Brussels today, President Trump acknowledged that Article 5 — promising that “an attack on one nation is an attack on all” -- has only been invoked one time: in the aftermath of September 11. But the President failed to provide what 27 other Alliance members have been waiting for: a re-commitment by America’s new leader to Article 5. Instead, they got a scolding.
Terrorism and tweets, hate speech and murder Just days before an election, Britain is coping with a rash of deadly terrorism, and Prime Minister Theresa May is on the defensive. And again today, President Trump has tweeted criticism of the Mayor of London. Later, a double murder in Portland, Oregon has revealed the ugly past of a supposedly “progressive” city. One immediate question: is “hate speech” protected by the First Amendment?
Trump's new look at civil rights and global warming President Trump is reportedly ready to pull the US out of the Paris Agreement on Climate Change. We look at the possible consequences. On the second half of the program, we hear about cuts in Obama-Era civil rights programs called for by the Trump Administration's first budget plan.