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Latest news from around the web, updated 10 minutes ago.

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Selected and fresh photos from around the web.

Editor's pick
- BASRA, IRAQ - OCTOBER 18: People gather around a Land Rover as it arrives at the village Al Houta on October 18 2008 near Basra, Iraq. The trip by the 51 Sqn Royal Air Force Regiment Force Protection Wing was part of a 'key leader engagement' (KLE) visit to the village close to the Basra Airbase to recruit local labour and engage with the village shiek. Visits of this type are seen as key in efforts to continue winning the support of the local Iraqi population. Although improved security in the region has brought some benefits such as improved trade and commerce, much of the infrastructure remains in a poor state of repair. Britain's Prime Minister Gordon Brown has indicated that the number of UK troops could be scaled down - especially as the security situation in the south of the country continues to improve.
  
  1 month ago
  
  from Getty Images
- Democratic presidential nominee Senator Barack Obama (D-IL) speaks during a campaign rally in the rain at the University of Mary Washington in Fredericksburg, Virginia, September 27, 2008.
  
  2 months ago
  
  from Reuters Pictures by Reuters
- A puppy stands on a truck carrying people to be evacuated from the area in preparation for the approach of Hurricane Gustav in Batabano, on the southern coast of Cuba, August 30, 2008. Powerful Hurricane Gustav roared toward western Cuba on Saturday with 125 mph (205 kph) winds on its way to the oil-rich Gulf of Mexico after a deadly pass through the Caribbean.
  
  3 months ago
  
  from Reuters Pictures by REUTERS
- BANGKOK, THAILAND - AUGUST 30: A member of Anti-government People's Alliance for Democracy (PAD) stands behind barbed wire outside Government on August 30, 2008, in Bangkok, Thailand. The protesters want to unseat the seven-month old coalition government lead by Prime Minister Samak Sundaravej.
  
  3 months ago
  
  from Getty Images
Hot off the wire
- Protesters prepare to leave with their belongings at the Suvarnabhumi international airport in Bangkok, Wednesday, Dec. 3, 2008. Victorious anti-government protesters lifted their siege of Bangkok's two airports Wednesday while the ousted government's leaders met to decide on a caretaker prime minister to lead the politically chaotic kingdom.
  
  5 mins ago
  
  from AP Photo by Vincent Thian
- Chinese actor Jet Li attends the Clinton Global Initiative Asia Meeting in Hong Kong December 3, 2008.
  
  6 mins ago
  
  from Reuters Pictures by REUTERS
- NEW YORK - DECEMBER 02: Television personality Soledad O'Brien attends the Room to Grow 10th Anniversary benefit gala at Christie's on December 2, 2008 in New York City.
  
  3 hours ago
  
  from Getty Images
Recently starred
- DETROIT - NOVEMBER 20: Shuttered homes and businesses line a downtown street November 20, 2008 in Detroit, Michigan. An estimated one in three Detroiters lives in poverty, making the city the poorest large city in America. The Big Three U.S. automakers, General Motors, Ford and Chrysler, are appearing this week in Washington to ask for federal funds to curb to decline of the American auto industry. Detroit, home to the big three, would be hardest hit if the government lets the auto makers fall into bankruptcy.
  
  1 week ago
  
  from Getty Images
- Actor Viggo Mortensen gestures during a news conference to promote his latest film "Alatriste" in Tokyo on December 1, 2008. The film will be on the screens on December 13. Alatriste, played in the film by 47 year old US actor, is a unscrupulous 17th century adventurer in the movie, set in Spain's "golden age" under King Philip IV which coincided with the emergence of artistic giants such as Velasquez and the development of the "New World."
  
  2 days ago
  
  from Getty Images by AFP/Getty Images
- Chelsea Clinton (L) and former US President Bill Clinton watch as US Democratic presidential candidate Senator Hillary Clinton (D-NY) speaks at the National Building Museum in Washington June 7, 2008. Clinton endorsed presumptive Democratic presidential nominee Senator Barack Obama (D-IL) to be the Democratic U.S. presidential candidate on Saturday and suspended her own White House bid less than a week after the Illinois senator secured enough support to win the nomination. Clinton's endorsement of Obama in a speech at the National Building Museum marked the beginning of efforts to reunite the Democratic Party after a long and divisive campaign battle that ended on Tuesday when Obama won the support of enough delegates to clinch the nomination.
  
  1 day ago
  
  from Reuters Pictures by REUTERS
- A tear runs down the face of U.S. Democratic presidential nominee Senator Barack Obama (D-IL) as he speaks about his grandmother who died earlier on Monday, during a campaign rally in Charlotte, North Carolina, November 3, 2008. On the eve of Tuesday's U.S. presidential election, Obama's grandmother Madelyn Dunham died after a battle with cancer.
  
  2 days ago
  
  from Reuters Pictures by REUTERS

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Government plan for Fannie, Freddie to hit shareholdersStory

Government plan for Fannie, Freddie to hit shareholders

By John Poirier and Patrick Rucker WASHINGTON (Reuters) - The U.S. government plans to takeover Fannie Mae and Freddie Mac and all shareholders of the two mortgage giants will take a hit, an influential lawmaker said...

2 months ago from Earthtimes.org

More-articles

Administration Decided in Late August That Takeover Was Needed

Until that meeting, on Aug. 26, White House and Treasury officials were cautiously hopeful that they would not need to prop up the mortgage giants with the dramatic new powers bequeathed them by Congress in July. But after weeks of...

2 months ago from The Washington Post

The economy: Take a load off Fannie…

The Washington Post: “The government seized control of Fannie Mae and Freddie Mac yesterday in a dramatic bid to restore faith in the embattled mortgage giants and arrest a vicious cycle that has driven the nation's economy into a steep...

2 months ago from MSNBC

Connections

U.S. Republican Party

Quoted

We were finally...

It's a government...

There was an...

We were finally at the point where we saw what needed to be done -- and we laid it out that day...

was said in:

Administration Decided in Late August That Takeover Was Needed

2 months ago from The Washington Post