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Collector to India: Make an offer

The California-based collector who plans to auction off Mahatma Gandhi’s belongings said he will meet with Indian government officials on Wednesday to try to settle a row over the rightful ownership of the items. James Otis told CNN that he hopes the Indian government is “willing to offer something very generous to India’s poorest in exchange for the donation of the items to the government.” “I would hope that the Indian government would offer something as great as Gandhi’s cause,” Otis said in Los Angeles.

Chinese leaders confront economic crisis

When China’s legislature opens its annual session this week, the focus will be on jobs, the economy and social stability. Every year, over 3,000 delegates to the National People’s Congress meet in Beijing to review draft laws and vote on government budget and policies

What would AIG’s $62 billion loss buy?

The monumental quarterly loss revealed by U.S. insurance giant AIG of $62 billion is the largest in corporate history, amounting to about $460,000 per minute.

For Obama, Helping Gaza Is Harder Than It Looks

President Barack Obama has been busy on foreign policy in recent weeks, chairing meetings with his national security principals, plotting his approach to Iraq, Iran and North Korea, and consulting at weekly private sessions with Secretary of State Hillary Clinton. For the most part, in these meetings, he’s composed and restrained

Markets routed as AIG reveals $62B loss

Global stock markets were reeling Monday as U.S. insurance giant AIG revealed a monumental quarterly loss of $62 billion and UK bank HSBC announced a huge slump in profits. AIG’s announcement came hours after the U.S.

No job, no insurance — Now what?

On a recent afternoon, Pamela Rinchich quietly recalled how her cancer doctor abruptly canceled an appointment. Rinchich owed $268 from a previous visit: She didn’t have the money and the doctor refused to see her until she paid. “I offered to do whatever I could, even work in the office to cover it,” said Rinchich, with tears in her eyes

Nicaragua’s Vampire Problem

A shrill scream from the next bedroom jolted Maria Felix Flores from her sleep shortly after midnight on the muggy, tropical night of Feb. 22.

Two Arizona teens accused of pimping other girls

The grandmother of a 16-year-old Arizona girl accused of prostitution — and recruiting and pimping other teen girls — said Wednesday she hopes to fight the charges in court.

Banker in Obama speech recognized for his generosity

More than two dozen guests joined first lady Michelle Obama at the president’s speech to a joint session of Congress Tuesday night. One person on the first lady’s guest list was Leonard Abess Jr., a Miami banker who received a $60 million bonus from the proceeds from the sale of shares of City National Bank in Florida and gave it out to his 399 workers and 72 former workers.

Bailed-out bank enjoys concerts, dinners, parties

A bank that received $1.6 billion dollars of the government’s bailout money sponsored what reports are calling a lavish series of events in Los Angeles, California, last weekend. Northern Trust, based in Chicago, Illinois, spent an undisclosed amount of money sponsoring a Professional Golf Association tournament and associated client events, including concerts, dinners and parties, according to celebrity Web site TMZ.com. The bank spent millions of dollars on the event, which included — on top of the sponsorship costs of the Northern Trust Open tournament — concerts by Sheryl Crow and Earth Wind & Fire, a private party at music venue House of Blues and gift bags from Tiffany & Co., the Web site said