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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Iranians get word out despite official obstacles

Iranians have had to tailor their usual ways of communicating in the post-election tumult that has swept through the country. “Censoring is very bad here and they have reduced Internet speed,” two Iranians who had sent pictures of casualties from a reported attack on a dorm at the University of Tehran wrote to a friend outside the country

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Prosecutors: Man impersonated dead mother, collected benefits

A 49-year-old man impersonated his dead 77-year-old mother in paperwork — and sometimes in person — for six years, collecting more than $100,000 in her name, according to the Brooklyn district attorney. The man sometimes dressed as his mother and, with an accomplice, collected more than $52,000 in Social Security benefits and another $65,000 in city rent subsidies, prosecutors said

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Owners of day care that burned quit government jobs

Two of the owners of the day-care center that burned Friday, killing 44 children, have resigned jobs they had with the government, they told reporters Tuesday. Antonio Salido, a functionary for the state of Sonora’s secretary of urban infrastructure, and Alfonso Escalante, a sub-secretary of livestock farming, said they were resigning so that there would be no obstruction in the investigation into the cause of the fire. Salido, speaking for both men, told reporters they had not used their government positions to obtain the day-care concession.

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Can once-cool MySpace stage a comeback?

In the brief history of Web sites, there are few if any second chances. Remember Friendster? That’s why it’s difficult for some industry observers to see a comeback for MySpace, the large online social network that has seen its popularity flatline and its hipness surpassed by younger sites like Twitter and Facebook in recent months.

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