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Meanwhile, the administration should investigate ways to facilitate more refinancing. Fannie Mae and Freddie Mac, the government-controlled mortgage companies, hold millions of mortgages from borrowers who are current on their payments but are unable to refinance because their home equity or credit scores have declined since they first took out their mortgages. Since Fannie and Freddie are at risk if those borrowers default, it makes sense for them to allow the borrowers to refinance to a lower rate, reducing both their payments and the risk that they will be unable to pay.

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More on Housing Crisis

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Housing Market On The Brink: NYT

In one of his most definitive statements on the subject to date, the nation’s central banker said Thursday that he expects some of the nation’s megabanks to start getting smaller.

“The most important lesson of this crisis is we have to end Too Big To Fail,” Federal Reserve Chairman Ben Bernanke testified before the Financial Crisis Inquiry Commission. “My projection is that, even without direct intervention by the government, that over time we’re going to see some breakups and some reduction in size and complexity of some of these firms as they respond to the incentives created by market pressures, and regulatory pressures as well.”

Throughout the legislative slog toward financial reform, Bernanke — like the Obama administration — resisted congressional efforts to break up the handful of too-big-to-fail firms that dominate the financial system. In May, however, a third of the Senate voted to effectively bust up the biggest of those giant financial institutions.

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More on Financial Crisis

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Megabanks Will Shrink, Bernanke Tells Financial Crisis Commission, Yet Doubts Over Too Big To Fail Remain

The Obama administration is considering a range of new measures to boost economic growth, including tax cuts and a new nationwide infrastructure program, according to people familiar with the discussions.

…

On the list of possible actions: additional tax cuts for small businesses beyond those included in a $30 billion small-business lending bill before the Senate. It’s not clear what those tax breaks would target or how much they might cost in lost revenue to the government.

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Obama Economic Team Weighing New Wave Of Tax Cuts, Infrastructure Spending: WSJ

According to Thomson Reuters Health Care Sentiment Index, consumers pay less optimistic about their ability to care than they were last year. U.S.

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Health Insurance Reform Plan – public Letdown

Latest Update Teachers Day: In a bid to equip students to cope with new challenges in this changing world, the Education Ministry yesterday kicked off an event aimed at encouraging and guiding teachers on how to prepare their students for learning an occupation.

Since the fifth World Teachers’ Day in Thailand event came up with the idea of preparing students for real life, it is being held under the theme of “Education for the World of Work” at Impact Exhibition and Convention Centre, Muang Thong Thani, until tomorrow.

The ministry also organised this event to celebrate Her Majesty the Queen’s birthday. The Vocational Education Commission was assigned to host the event.

“This year’s theme captures the government’s emphasis on the quality of education and on balancing academic and life skills.

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Happy Teachers Day

A deadly earthquake hit the Middle Eastern country of Iran. It has been reported that the earthquake resulted in the death of at least three innocent people and several people were badly wounded.

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Iran Earthquake

Latest Update News PSEB class 12th result : The wait is finally over. The PSEB class 12th result have been announced. You can check the class 12th result PSEB online which is available on the official site of PSEB.

To know your result, you need to enter your name, your roll number and email address to receive your results on your email.

Punjab School Education Board , P.S.E.B., Mohali was established in 1969 under a legislative act of the Government of Punjab to conduct standardized exams in addition to conducting teacher training, administration of scholarships, and publishing of textbooks.

The headquarters of the Punjab State Education Board is located SAS Nagar (Mohali).

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PSEB Class 12th Result

Latest Update News PSEB class 12th result : The wait is finally over. The PSEB class 12th result have been announced. You can check the class 12th result PSEB online which is available on the official site of PSEB.

To know your result, you need to enter your name, your roll number and email address to receive your results on your email.

Punjab School Education Board , P.S.E.B., Mohali was established in 1969 under a legislative act of the Government of Punjab to conduct standardized exams in addition to conducting teacher training, administration of scholarships, and publishing of textbooks.

The headquarters of the Punjab State Education Board is located SAS Nagar (Mohali).

Share/Save

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PSEB Class 12th Result

Senate Majority Leader Harry Reid’s campaign is taking aim at some of challenger Sharron Angle’s most controversial and eyebrow-raising positions.

A new 30-second ad being rolled out by the four-term incumbent’s camp serves as a relentless attempt to reiterate a familiar line of attack criticizing Anlge as “just too extreme.”

“What do you call a candidate who says the way things are going that time may be coming for Second Amendment remedies, an armed response to our government?” asks a narrator in the spot. “Who says a teenage rape victim should be forced to have the baby? Who proposed a Scientology massage program for prisoners? And who says that Medicare and Social Security violate the Ten Commandments?”

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More on 2010 Elections

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Harry Reid, Sharron Angle Trade Attacks: Guns And Rape vs. ‘Love Triangle’ (VIDEO)

HOUSTON — A senior BP executive is again avoiding committing the oil giant to using relief wells to seal to the Gulf of Mexico well that blew out in April.

The comments by Senior Vice President Kent Wells on Thursday indicated there may still be disagreement between BP and Retired Coast Guard Adm. Thad Allen, the government’s point man on the spill response. Even though a cap stopped the flow of oil in mid-July, Allen has long insisted the relief wells will be the final solution.

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More on Gulf Oil Spill

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Kent Wells: BP Exec Avoids Answering When Relief Well Will Be Finished