Paulson, Bernanke mum on government takeover of floundering home loan companies

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Friday, July 11, 2008

Paulson, Bernanke mum on government takeover of floundering home loan companies

After another roller coaster of a financial week, senior Washington officials are trying to reassure investors that Fannie Mae and Freddie Mac have enough money to continue financing America's loans after the two lenders' stocks plunged to 17-year lows.

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California National Guard troops deployed to fight wildfires

California is still experiencing a wildfire crisis more than two weeks after an initial lightning storm ignited more than 1,700 fires. Authorities said more than 320 fires still were active Thursday. Thousands of Northern Californians continue to evacuate.

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A long time coming: American Medical Association apologizes to black doctors

The American Medical Association has issued an apology to black doctors for a history of racial discrimination. But is it a case of too little too late? The Takeaway talks with Dr. George C. Debnam, who experienced the AMA’s racial prejudice firsthand as a young doctor in North Carolina in the 1950’s.

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Big-time TV writers Whedon and MacFarlane create Web-exclusive shows

Joss Whedon ("Buffy the Vampire Slayer") and Seth MacFarlane ("Family Guy"), two of television's most powerful showrunners, are taking their brands online. Whedon's "Dr. Horrible" will be an on-the-cheap supervillain musical. MacFarlane's "Cavalcade of Cartoon Comedy" will be distributed by the advertising juggernaut Google, who just might be reinventing TV...

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The revolutionary phones before the iPhone

Apple’s iPhone 3G goes on sale this morning. This iPod, GPS mapping system and wireless Internet telephone is generating some serious buzz. But is it worth all the hype?

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The pawn-shop index, recession-proof stuff and the iPhone 3G

Is there such a thing as recession-proof stuff? If we’re all being tight with our wallets, then why, in this time of economic turmoil, are certain industries thriving? The Takeaway turns to Columbia business professor Cheryl Einhorn then goes to Stockton, Calif., (dubbed “the foreclosure capital” by 60 Minutes), where sometimes a bad turn can mean good business — for pawn shops.

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The Merida Initiative: The United States takes the War on Drugs to Mexico

This year the drug trade's been in full bloom in Mexico. While US-Mexican relations have been a strained by illegal immigration issues, the two countries are renewing joint efforts to fight the seemingly escalating cases of drug trafficking. On June 30th, President Bush signed the Merida Initiative, which appropriates $465 million to help fight drugs in Mexico and Central America. We welcome David Johnson who's leading that fight.

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