Two arrested in deadly attacks on Mexican police, soldiers

Two suspects have been arrested in this weekend’s coordinated attacks in at least 10 Mexican cities that killed three federal police and two soldiers, federal authorities said. One attacker was killed in a shootout with police during the arrests Sunday in Michoacan state, said the federal Secretariat for Public Security.

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Judge Kozinski admonished for explicit items on Web site

A judicial council on Thursday admonished the chief judge of the nation’s largest federal appeals court for having "sexually explicit photos and videos" on his personal Web site, but decided against any further punishment. Judge Alex Kozinski, 58, of the San Francisco, California-based 9th Circuit U.S. Court of Appeals previously apologized and had recommended an investigation because of the public controversy over the material

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D.C.’s Metro Rail Crash and America’s Aging Transit System

Investigators are still sorting through the wreckage of Monday’s crash of two Metro rail cars in Washington, D.C., the deadliest in the system’s 33-year history, which killed nine people and injured scores of others. Federal officials said on Tuesday that the train that rear-ended another was an older model that lacked equipment that might have helped avert the collision and, according to the Washington Post, had been overdue for needed brake work

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The Future of Fannie and Freddie: Chief Says Government Ownership Is Bad

Speaking at an annual conference of real estate editors, James Lockhart, head of the Federal Housing Finance Agency, said on Thursday the government shouldn’t run Fannie Mae and Freddie Mac. Lockhart should know. He leads the agency that has been doing just that since last September, when the giant mortgage insurers were put into government conservatorship

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Can the U.S. Government Afford to Let California Fail?

With his round face and sad eyes, Oracio Sandoval, 33, sits at a Los Angeles County welfare office in Carson, Calif., armed with a thick pile of job-application forms. Out of work since January, Sandoval is struggling to stay afloat financially. Married with two children, he and his wife used to make $3,000 a month

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Is Obama’s Financial-Reform Plan Bold Enough?

Almost every reference to the financial regulatory plan that was unveiled today by President Obama is prefaced with something along the lines of “the most sweeping overhaul of financial regulation since the 1930s.” Obama himself used such language in his speech this afternoon.

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