Pope Benedict XVI made his most direct comments to date about the sexual abuse scandals that have hit the Catholic church in Europe. He said the Vatican's problems were 'born from sin inside the church' and called for 'justice.'
After weeks of defensive comments from the Vatican, Pope Benedict XVI strikes a note of candor.
The US put $700 billion into a bailout of US banks during the financial crisis. Now the nations of the euro zone are proposing a similar bailout fund – €750 billion – to deal with the Greek debt crisis.
The Dow average was up by more than 340 points as of early Monday afternoon. Investors were relieved to see European leaders agree on a Greece debt plan.
Markets across the world soared after the European Central Bank promised the creation of a $955 billion rescue fund for eurozone countries with debt problems. But some economists are worried about moral hazard – bailouts leading to reckless spending.
The 'starve the beast' strategy – raising spending but not taxes – hasn't cut the deficit.
President Obama addresses the 1,200 graduates of Hampton University, a historically black university, at the school's Armstrong Stadium in Hampton, Va., Sunday.
As the Greek debt crisis rocks the eurozone, European Central Bank President Jean-Claude Trichet downplayed fears that Portugal and Spain would need to be bailed out.
The fear of contagion from the debt crisis in Greece may have helped create the reality of it in financial markets.