Half of San Bernardino County's 300,000 mortgages are underwater. In an attempt to ease the mortgage crisis, the Southern California county is considering taking control of some of those properties by eminent domain.
County and city officials in San Bernardino, Calif., are considering a controversial plan: using the power of eminent domain to take over "underwater" mortgages, where the value of the home is worth less than the original loan. Taking on those properties, officials say, would allow the homeowners to refinance those troubled loans.
Europe is struggling, thanks to a relentless debt crisis. Compounding its problems: It is not one country, but 17.
Many observers agree that to solve their problems, those countries have to start looking a lot more like one country. And there is a force in Europe trying to make that happen: the European Central Bank. The weapon it has that everyone else lacks? Money.
In Political Animals, Sigourney Weaver plays Elaine Barrish, a secretary of state and former first lady whom Weaver says is based on many former residents of the White House — not just on Hillary Clinton.
There's no culture more distinct than the political circles of Washington, D.C., and Sigourney Weaver is taking it on in Political Animals, a new television series where she plays a former first lady and current secretary of state.
Over the course of a distinguished acting career, Weaver has battled intergalactic aliens and befriended gorillas in the mist. In Political Animals, Weaver's character, Elaine Barrish, finds her biggest adversary in a hyperambitious political reporter by the name of Susan Berg.
New questions about Mitt Romney's overseas investments have dogged the GOP presidential contender all week. Many arose from a report in the latest issue of Vanity Fair. It describes how the day before Romney was sworn in as governor of Massachusetts, he put a corporation he'd set up in Bermuda in a blind trust held by his wife, Ann. Romney insists he did nothing wrong.