Grim proving ground for Obama’s housing policy - Boston Globe
CHICAGO - The squat brick buildings of Grove Parc Plaza, in a dense neighborhood that Barack Obama represented for eight years as a say senator, hold 504 apartments subsidized by the federal government for people who can’t afford to live anywhere

SNAPSHOT-Indian stocks, gold, bonds, rupee, money at 3.10 p.m. - Reuters India
The 30-share BSE index down 4.07 percent at 13,834.23 points and the 50-share NSE index down 4.02 percent at 4,142.25 points, tracking weak Asian markets as global oil prices stayed close to record levels hit in the previous session and as 13-year

Playstation 3 a $3.3 bln loser for Sony - Xinhua News Agency
BEIJING, June 27 (Xinhuanet) — Playstation 3 has been a roughly 3.3 billion U.S. dollar loss for Sony Corp. since its launch last year, according to the company’s fiscal 2008 annual report. That breaks down to 2.16 billion dollars in 2007, and a 1

Aussies lose $980m in scams and fraud - News.com.au
PERSONAL fraud costs Australians nearly $1 billion a year, according to figures released by the Australian Agency of Statistics (ABS). The survey found 806,000 people, or five per cent of the population, had been the victim of at least one type of

TPG, KKR Join Private Equity Push to Money Managers (Update1) - Bloomberg
June 27 (Bloomberg) — TPG Inc. and Kohlberg Kravis Roberts & Co. are among private equity firms capitalizing on the credit crunch to invest in money managers, a trend that might accelerate as more cash-strapped companies exit the business. American

Emergency funds allocated to get donation trucks to food banks - Seattle Times
As food banks around the state struggle with rising fuel costs and higher demand, Gov. Christine Gregoire announced Thursday she would immediately allocate $200,000 from her emergency fund to help the organizations pay for gasoline. Trucking food

Supermarkets to battle on prices - BBC News
Now Asda is selling 10 staple items such as bread and eggs for 50p over the weekend, and Tesco states it will cut the cost of 3,000 items on Monday. Analyst Henk Potts, of Barclays Wealth, told BBC Radio 5 Live’s Breakfast programme that the

Drug watchdog ’set for new money’ - BBC News
The chairman of the NHS drug watchdog has signalled his organisation is about to get a significant amount of government money to expand its work. The National Institute for Health and Clinical Excellence (NICE) rules on which treatments should be

Prosecutors held back on using Obama’s name - Chicago Sun-Times
Barack Obama’s name could have been invoked more at the corruption trial of his former fund-raiser Tony Rezko. But it appears prosecutors opted against bringing Obama into the mix during the two-month trial. Newly unsealed documents show that

China’s reserves hit $1.8 trillion - MSN MoneyCentral
BEIJING (AP) - China’s foreign reserves, already the world’s largest, rose to $1.8 trillion at the end of May but growth slowed, a government newspaper reported Friday. The reserves grew by $40.3 billion in Might, well below the April increase of $75

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