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Fed's housing blueprint is lost in din of politics

U.S. Federal Reserve Chairman Ben Bernanke testifies before a Senate Budget Committee hearing on the outlook for the U.S. Monetary and Fiscal Policy on Capitol Hill in Washington, in this February 7, 2012 file photograph.WASHINGTON (Reuters) - In mid-2011, with the U.S. economy at risk of a new recession, top Federal Reserve officials began to explore a different way to shore up the recovery: looking for fixes for the battered housing market. The central bank had just wrapped up $2.3 trillion in bond purchases in an unprecedented attempt to snap the United States out of its economic blues. But its efforts were being frustrated. With nearly one in four Americans owing more on their mortgages than their homes were worth, millions remained locked out of credit markets and unable to reduce the cost of their loans. ...


Fed's housing blueprint is lost in din of politics 


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UN climate chief turns to CEOs for action

FILE- U.N. climate official Christiana Figueres speaks during the climate conference in Durban, South Africa, in this file photo dated Monday, Nov 28, 2011. As governments bicker over who should do what to slow the pace of global warming, the U.N.'s climate chief Christiana Figueres told The Associated Press on Tuesday Feb. 21, 2012, that she is increasingly looking to worldwide business leaders to show the way forward and to turn the world towards a low-carbon future. (AP Photo/Schalk van Zuydam, file) As governments bicker over who should do what to slow the pace of global warming, the U.N.'s climate chief is increasingly looking to business leaders to show the way forward to a low-carbon future.


UN climate chief turns to CEOs for action


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