AP – A Republican lawmaker says documents show more senators and staff members than previously known received sweetheart mortgages from the former Countrywide Financial Corp., based on their perceived ability to help the company.
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GOP lawmaker: VIP loans given to Senate staff too
(AP)
AP – Industrial output in the 16 countries that use the euro rose for the third month running in May, official figures showed Wednesday, but the increase was slightly lower than anticipated by the markets.
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Eurozone industrial output up for 3rd month in May
(AP)
AP – Investors are showing a bigger appetite to fund a range of securities, an encouraging sign that credit conditions are improving.
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Fed survey: Investors have bigger debt appetite
(AP)
AP – The federal deficit has topped $1 trillion with three months still to go in the current budget year, showing the continued impact of a deep recession on the government’s finances.
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Federal deficit tops $1 trillion through June
(AP)
Unlike most baby showers, the guests at Hannah Allam’s are more accustomed to donning helmets and flak jackets than Baby Bjorns and writing out advice for the new mother on small blue cards. Allam and the guests are women reporters in Iraq.
Oscar the cat may have lost one of his nine lives after a nasty encounter with a combine harvester, but he has two new prosthetic paws to show for it.
AP – Along with men in fedoras and 1930s cars, the costume drama “Grassroots King” has a feature that nearly every Chinese TV show seems to require these days — a Western character.
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Chinese screen reaches out for more foreign actors
(AP)
Driftwood and seashells glazed with rust-colored tar lined the surf along the Gulf Coast’s once-pristine white sand beaches Saturday, the crude from a busted oil well deep underwater showing up in greater quantities and farther east.
AP – Germany’s unemployment rate declined to 7.7 percent in May as a traditional seasonal revival on the labor market combined with a resilient economy, government figures showed Tuesday.
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German jobless rate down to 7.7 percent
(AP)
AP – CONSUMER SPENDING: Consumer spending was unchanged in April, the weakest showing since September.
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Summary Box: Consumer spending stalls in April
(AP)
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