3xwy Blog

AP – COST OF LIVING FLAT: The price of clothing, shelter and other goods was unchanged last month, the government said, as a drop in energy prices offset a rise in food costs.

Investor’s Business Daily – When Paul Gabrail and two partners snag a foreclosed home on the cheap, neighbors have good reason to cheer.

AP – GameStop’s fourth-quarter results and 2010 forecast topped Wall Street expectations Thursday and company shares jumped more than 6 percent on its outlook for the year.

In Haiti, heavy rains are expected to begin soon, and aid groups and the government are in a race against time to move hundreds of thousands of tent-camp residents who could be at particular risk. Yet the process of relocating the quake victims has been extremely slow.

Reuters – President Barack Obama signed into law a $17.6 billion jobs bill on Thursday and sounded an optimistic note about the U.S. economy, saying it may soon begin adding jobs instead of losing them.

Japan and a number of developing nations opposed the proposed ban, which was backed by the United States. Japan imports 80 percent of its Atlantic bluefin, which is a popular ingredient in sushi.

BusinessWeek – Tinashe Chinyanga describes his childhood in Zimbabwe as fairly standard, working in the fields every morning before walking to school in a nearby village. But the rest of his education has been a world away from his village friends: boarding school, then a medical degree, and now the University of Cape Town Graduate School of Business (GSB). Education was his ticket out of an early grave, says 28-year-old Chinyanga. “Most of my peers have HIV, if they’re not already dead.” Chinyanga owes his more fortunate path in part to his father, who was a teacher and pushed him to succeed. …

AP – Greece’s Prime Minister George Papandreou said Thursday his country needs a firmer eurozone bailout plan to lift market pressure on his government and lower its borrowing rates.

AP – Australia expressed disappointment Thursday that charges of stealing business secrets against one of its citizens would be tried in a closed court in China, and some lawmakers doubted the mining executive involved would get a fair hearing.

Reuters – Current Fannie Mae and Freddie Mac mortgage-backed securities are likely to retain U.S. government backing should Congress create a new system for financing U.S. homes, Federal Reserve Board Chairman Ben Bernanke said on Wednesday.