Originally published on Thu February 9, 2012 11:46 am
"After negotiating through the night," NPR's Yuki Noguchi reports, states attorneys general, federal officials and five major banks have agreed on a plan that will provide about $26 billion in mortgage relief and aid to homeowners who got crushed when the housing bubble burst.
Originally published on Thu February 9, 2012 7:23 am
"Syrian forces fired mortars and rockets Thursday in the rebellious city of Homs, the latest salvo in a weeklong assault that has killed hundreds as President Bashar Assad's regime tries to crush increasingly militarized pockets of dissent," The Associated Press reports.
Relying on reports from activists and residents in Homs, the AP and other news outlets say it appears that a brutal crackdown continues.
Following up on a plan he unveiled last September to let states apply to be exempt from basic elements of the Bush-era No Child Left Behind education law, President Obama will today announce the first 10 states that have qualified for such exemptions.
And that settlement is, of course, a priority for President Obama. But so is the debt crisis in Europe. Today, he hosts Italy's new prime minister, the technocrat who succeeded the controversial-but-flamboyant Silvio Berlusconi last fall. Mario Monti has not yet turned around Italy's economy, but as NPR's Sylvia Poggioli reports, he's changed the government's image abroad.
We're going to look now at American military strategy for the war in Afghanistan. There's been some confusion lately about whether American forces would end their combat mission sooner than planned and also about how long the U.S. will remain in Afghanistan. So to try to make sense of it all, we're joined by NPR Pentagon correspondent Tom Bowman.
The big Swiss bank UBS awarded some of its investment bankers millions of dollars in bonuses for their work last year. Now, according to The Wall Street Journal, it's taking some of that money back.
RENEE MONTAGNE, HOST:
Or clawing it back. That's our last word in business today. Claw back provisions implemented after the financial crisis allow banks to recover bonuses from employees. A trading scandal last year cost UBS more than $2 billion and pushed it into the red.
Rick Santorum headed in a different direction after his wins on Tuesday.
Here's NPR's Wade Goodwyn in Dallas.
WADE GOODWYN, BYLINE: North Texas was a good choice for former Pennsylvania Senator Rick Santorum to keep his campaign's momentum going. He met with evangelical pastors in the morning, Tea Partiers in the afternoon and a Republican women's group at night.
(SOUNDBITE OF MEETING)
UNIDENTIFIED WOMAN: It is our pleasure to introduce to you Rick Santorum. Give him a Texas welcome.