Mike McCulloch's (mikemcculloch) Blog

After 14 years of work, atom-smasher comes to life amid hoopla It's a fantastic moment," Lyn Evans, the project leader for the Large Hadron Collider, said afterward. "We can now look forward to a new era of understanding about the origins and evolution of the universe." After 14 years of preparat...

Stocks ended a temperamental session moderately higher Wednesday as investors bought up the stocks of energy, materials and consumer-staple companies, but remained cautious about the beleaguered financial sector. Lehman tries to soothe Wall Street with asset sale- the abiltiy to raise money will ...

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Housing Crisis Foreclosure filings were up 55% year over year in July, according to RealtyTrac.com, an online marketplace for foreclosure properties. And many homeowners owe more on their home than it's worth. From John McCain's (R., Ariz.) gas-tax holiday to Barack Obama's (D., Ill.) universal h...

Health Care Health-care costs continue to soar while more Americans are forced to pay out of pocket for medical expenses.  presidential candidates economic policy  tale of the tape    McCain: In an effort to incite competition among insurance companies and medical providers, McCain wants to shift...

From John McCain's (R., Ariz.) gas-tax holiday to Barack Obama's (D., Ill.) universal health-care plan, appealing to cash-strapped consumers is on the top of the presidential candidates' agendas  Are you ready for the presidential candidates economic policy  tale of the tape John McCain: Endorses...

Fannie Mae and Freddie Mac together hold or back half of the nation's mortgage debt, and have played an increasingly important role in the real estate market since the credit crisis started in August 2007. The historic takeover of Fannie Mae and Freddie Mac, which could come as soon as this weeke...

The Housing Bill passed by Congress and signed into law by President Bush in July granted the Treasury the authority to inject capital into Fannie and Freddie and/or buy its shares outright. In theory, Treasury could spend as much as $800 billion on the troubled lenders, or the amount the governm...

 BAILOUT or just a helping hand from the Treasury? "An announcement could come as early as this weekend," the Journal reports, leading to my second reaction: Not another weekend bailout! Reaction number three: Is this why the st Here comes the official government bailout of Fannie Mae and Freddie...

the Bush administration had little choice but to support Fannie and Freddie, which together hold or guarantee $5 trillion in mortgages -- almost half the nation's total. The pending bailout of Fannie Mae and Freddie Mac followed  a report Friday by the Mortgage Bankers Association that more than ...