Freddie Mac is a gatekeeper in the mortgage market. In many cases, the taxpayer-owned mortgage company controls who qualifies to refinance a mortgage and who doesn't. Well, NPR has learned that Freddie Mac has been making financial wagers, betting against American homeowners being able to refinance. And now some lawmakers want to put a stop to it. NPR's Chris Arnold has been reporting this story in partnership with ProPublica.org. He has this report.
Many investors are expecting Facebook to file papers for an initial public offering sometime later this week. The company, which was founded in a Harvard dorm room less than a decade ago, is expected to be valued at nearly $100 billion by Wall Street.
And if these early reports are true this is shaping up to be the biggest Internet IPO ever.
A radical Islamist group in northern Nigeria has claimed responsibility for a series of deadly bombing attacks last week that left more than 200 people dead. Boko Haram's campaign of violence has left minority Christians on edge in the city of Kano.
Just a little more than a day left before voters in Florida have their say in the GOP primary. The latest polls by the Miami Herald and the Tampa Bay Times show Mitt Romney with an 11-point lead over Newt Gingrich, with Rick Santorum and Ron Paul trailing far behind. Newt Gingrich, who's had trouble getting support from establishment Republicans, picked up a nod from a decidedly non-establishment figure - one of his former rivals, Herman Cain.
In 1902, director Georges Melies released his magnum opus: Le Voyage Dans La Lune (A Trip To the Moon), often considered the first science-fiction movie ever. Even if you've never heard of Melies, you've probably seen the film's most famous shot: a moon with a human face, wincing at the spaceship that has just crashed into its eye.
Just a few years ago, America's auto industry was on the verge of collapse. When President Obama took office, he had to decide whether to bail out General Motors or let it die. He chose to send them a lifeline, to the tune of $50 billion. In this week's State of the Union speech, President Obama said that decision paid off.
"Today, General Motors is back on top as the world's No. 1 automaker," Obama said.
One morning many years ago, a little boy in Brooklyn named Peter woke up to an amazing sight: fresh snow.
Peter is the hero of the classic children's book by Ezra Jack Keats, The Snowy Day, which turns 50 this year. Peter has a red snowsuit, a stick just right for knocking snow off of trees, and a snowball in his pocket. And, though this is never mentioned in the text, Peter is African-American.
As he campaigns for the Republican presidential nomination, Newt Gingrich almost always works the name of Ronald Reagan into his speeches.
In fact, it's become so common that Gingrich's name-dropping has become an issue itself.
Sometimes Gingrich invokes the name of Ronald Reagan to associate himself with the policies of the former president.
"When I worked with President Reagan, we adopted a lower tax, less regulation, more American energy policy, and it led to 16 million new jobs," Gingrich said at a speech in St. Petersburg, Fla., this week.