This week, the U.S. Census Bureau announced that in the first quarter of 2012, the American homeownership rate hit its lowest level in 15 years. During the housing boom, millions more Americans bought homes, bumping the rate to nearly 70 percent. Now, that buying spree has been replaced with millions of foreclosures, and most of those gains have been lost.
In the tight U.S. Senate race in Massachusetts, Democrat Elizabeth Warren has been playing defense because of allegations that she used her Native American heritage to advance her career.
Warren, the likely Democratic challenger to incumbent Republican Scott Brown, says she did not know that Harvard Law School touted her as a member of a minority group back in the 1990s, when the school's faculty came under criticism for being too white.
But Warren says that when she was growing up in Oklahoma, her family always told her that she's part Cherokee.
Former Prime Minister George Papandreou stands by the tough austerity measures that ultimately brought down his government — and ended his family's leading role in Greek politics. Here, the then-leader addresses the Socialist party parliamentary group at the Greek Parliament in Athens in November.
Europe's economic crisis has been driving leaders from power, one after another. Among those toppled was George Papandreou, who stepped down as the prime minister of Greece last November, just two years into his government's four-year term.
Richard Grenell, a long time Republican hired by Mitt Romney's campaign as a foreign policy spokesman, resigned today. Grenell's hiring made news less than two weeks ago, because Grenell is openly gay.
On the one-year anniversary of the killing of Osama bin Laden by U.S. Navy SEALs, there were two contrasting scenes to consider.
One was of President Obama in Afghanistan on a surprise visit, speaking to U.S. troops as their commander in chief in the nation whence the SEALs departed for their successful raid into Abbottabad in neighboring Pakistan.
An influential group of British lawmakers says Rupert Murdoch, shown above with his son James (left) last July, is unfit to lead his global media empire. The scathing report also says his company misled Parliament about the scale of phone hacking at one of its tabloids.
News Corp. executives Rupert and James Murdoch can give a small sigh of relief, perhaps, that U.K. lawmakers investigating the tabloid hacking and bribery scandal did not conclude they misled Parliament in earlier testimony.
But that may be just about the only relief the Murdochs receive.
The scathing report accuses the company and several of its former top British executives of lying to Parliament and of seeking to cover up widespread phone hacking, computer hacking and bribing of government employees.
The latest skirmish in the so-called war on women has to do with, of all things, interest rates on student loans. More specifically, the effort by House Republicans to offset the cost of a federal student loan bill by cutting funding from a $15 billion preventive health fund included in the 2010 Affordable Care Act.
A suicide bomber killed seven people, including three Somali lawmakers in Dusamareb today. Reuters reports that al Shabaab — the Islamic militant group — took responsibility.
"While suicide bombers sent by al Shabaab militants have struck government targets and African Union troops in the capital Mogadishu often in recent years, such attacks are rare in central Galgadud region.