Monday, March 19, 2012

Federal Reserve to fine eight more banks on foreclosure violations


UN asked to back efforts 
to end Syria conflict
March-19-2012 -- Kofi Annan gives a statement after his address to the Security Council in New York at the United Nations headquarters in Geneva, Switzerland on Monday
that urges the Syrian government to immediately implement proposals by international envoy Kofi Annan to end the yearlong bloodshed.
The pledge to consider "further measures" — which could include sanctions or military action - if it doesn't.
INFO-AWARENESS , VIKEN Z KOKOZIAN 

Treasury nets $25 billion profit 
on mortgage debt
March-19-2012 -WASHINGTON - The Treasury Department said on Monday it made a $25 billion profit on sales of mortgage-backed securities acquired during the financial crisis, part of its ongoing efforts to wind down taxpayer-financed bailout programs.
INFO-AWARENESS , VIKEN Z KOKOZIAN

GOP's Budget Targets Taxes
March-19-2012--House Republicans, searching for an election-year message amid a muddled political and economic landscape, will introduce a 2013 budget Tuesday that cuts tax rates and provides for just two individual brackets of 10% and 25%.
INFO-AWARENESS , VIKEN Z KOKOZIAN

Signs of trouble in China's 
soaring skyline?
March-19-2012--China's strong consumer base has kept the country stable in times of global economic uncertainty. But alternative economic indicators may now be pointing to tougher financial times for the world's second-biggest economy.
The country's towering skyline, made up of plenty of new but vacant buildings, is a sure indicator for many that it is heading for trouble.
INFO-AWARENESS , VIKEN Z KOKOZIAN 

Rabbi, 
three children shot dead 
outside Jewish school in France
March-19-2012--PARIS - France was plunged into mourning and national outrage Monday by the terrorist-style killings of three young children and a rabbi as they gathered for classes at a Jewish school in a quiet residential neighborhood of Toulouse.
INFO-AWARENESS , VIKEN Z KOKOZIAN


Greece's Socialist Party 
Changes Leaders
March-19-2012--ATHENS - Greece's finance minister, Evangelos Venizelos, formally assumed the leadership of the beleaguered Socialist Party on Monday, saying he would strive to put the country back on the path to economic recovery and restore the faith of austerity-weary citizens.  
“We must rebuild our country, we must provide citizens with the certainty that they will not go through what they have been through again,  
VIKEN Z KOKOZIAN

Federal Reserve to fine eight more banks 
on foreclosure violations
March-19-2012--Eight large banks face will be fined by regulators for foreclosure abuses,
The banks -- EverBank, Goldman Sachs, HSBC North America, OneWest Bank, MetLife, PNC Financial Services Group, US Bancorp and SunTrust Banks -- face sanctions for "unsafe and unsound practices in their loan servicing and foreclosure processing," the Fed said.
INFO-AWARENESS , VIKEN Z KOKOZIAN


US War Game Sees Perils 
of Israeli Strike Against Iran
March-19-2012--WASHINGTON - A classified war simulation held this month to assess the repercussions of an Israeli attack on Iran forecasts that the strike would lead to a wider regional war, which could draw in the United States and leave hundreds of Americans dead.
INFO-AWARENESS , VIKEN Z KOKOZIAN

Fed. "stress tests" 
show health of banks
March-19-2012--The Federal Reserve's yearly stress tests are designed to ensure that banks can withstand a financial crisis. Of the 19 banks tested, 15 passed this year.
INFO-AWARENESS , VIKEN Z KOKOZIAN


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