A report by NPR and ProPublica finds that Freddie Mac bet billions of dollars against homeowners' ability to refinance their mortgages. Public documents show Freddie Mac sought to make gains through complex securities which would make money for Freddie Mac, but homeowners with high-interest rate loans would not be able to qualify for refinancing. This is not illegal, but it does raise questions about a conflict of interest within a federally-owned company that is supposed to make getting a mortgage easier.
In this photo provided by the German Government Press Office, Italy's Prime Minister Mario Monti, France's President Nicolas Sarkozy and Germany's Chancellor Angela Merkel speak at a meeting at the European Council in Brussels ahead of the European Union leaders summit on Monday.
European Union leaders are meeting in Brussels today to discuss the monetary union's ongoing economic crisis. According to The New York Times, the countries will decide that austerity is not enough to curb the sovereign debt crisis.
An artist on Rio de Janeiro's Copacabana beach puts the final touches on a sand sculpture of the assassin bug, which spreads Chagas disease. The sculpture was part of an event in 2009 commemorating the 100th anniversary of the discovery of the disease.
Credit Uniting to Combat Neglected Tropical Diseases
Tropical diseases that have long been overlooked are getting their due.
An ambitious new push to eradicate, eliminate or control 17 scourges over the next eight years was just unveiled in London. The initiative brings together some of the world's largest drugmakers, health-oriented foundations and nongovernmental organizations. Governments from the developed world and the countries most affected by the diseases are also on board.
While the United States has mostly escaped winter, the opposite has been true in Eastern Europe. The AP reports that an intense freeze has killed at least 36 people throughout eastern Europe. In some places, temperatures dropped to negative 4 degrees Fahrenheit.