Jun 7, 2011 – (Newser) – Homeowners who took out a second mortgage are twice as likely as those who didn’t to be underwater on their mortgages, with a whopping 38% owing more than their homes are worth, according to a CoreLogic report released today. They were also much deeper in the hole, with...

Jun 7, 2011 – Globalization is the process by which markets integrate worldwide. Over the past 60 years, it has accelerated steadily as new technologies and management expertise have reduced transportation and transaction costs and as tariffs and other man-made barriers to international trade have been lowered. The impact has been stunning. More and...

Jun 7, 2011 – House Speaker John Boehner hasn’t said much about Rep. Anthony Weiner’s unfolding sex scandal, and he isn’t likely to anytime soon. While the Ohio Republican is responsible for protecting the House as an institution, he’s also his party’s leader — and Republicans have no intention of breaking Weiner’s fall.

Jun 7, 2011 – se Majority Leader Eric Cantor called on embattled Rep. Anthony Weiner to resign a day after the New York Democrat admitted to having sexually charged online relationships with six women, none of whom are his wife. “I don’t condone his activity. And I think he should resign,” Cantor, a...

Jun 7, 2011 – An announcement bump for Mitt Romney and a bus-tour boost for Sarah Palin put the pair atop the field for the Republican presidential nomination. But while their primary standings are similar, their broader prospects for election look vastly different. Romney appears formidable: In a general-election trial heat in...

Jun 7, 2011 – As President Barack Obama prepares to make a major decision about the pace of U.S. military withdrawal from Afghanistan, congressional opposition to the decade-long war appears to be hardening. But it’s unclear whether critics of the president’s Afghanistan policy can force him to accelerate the pullout, which he has promised...

Jun 7, 2011 – The wave of revolutions sweeping the Middle East bears a striking resemblance to previous political earthquakes. As in Europe in 1848, rising food prices and high unemployment have fueled popular protests from Morocco to Oman. As in Eastern Europe and the Soviet Union in 1989, frustration with closed, corrupt, and...

Jun 7, 2011 – The fall of the Soviet Union presented a major strategic challenge to the United States. Accustomed to preparing for the singular problem posed by the Soviet Union, the United States suddenly had to grapple with asymmetrical, transnational, and decentralized threats. Osama bin Laden’s death poses a similar test for Washington....

Jun 7, 2011 – California's average pump price has fallen below the driver-irritating $4-a-gallon mark for the first time since March 21, the Energy Department said. The average cost of a gallon of regular gasoline in California was $3.994 on Monday, down 6.2 cents from a week earlier, according to the Energy Department's weekly...

Jun 7, 2011 – WASHINGTON — It's Ben Bernanke's turn to assess how much the economy has weakened. Investors have pushed stock prices lower for four straight days in response to data showing weaker hiring in May, falling home prices and a drop in manufacturing. On Tuesday, the Federal Reserve chairman will offer his...

Jun 7, 2011 – June 7 (Bloomberg) -- President Barack Obama urged European leaders to resolve the continent’s debt crisis quickly to avoid endangering the global economy. Obama said he and German Chancellor Angela Merkel, at a White House meeting, agreed that the financial situation in Europe “cannot be allowed to put the global...

Jun 7, 2011 – (Newser) – Not everyone is castigating Anthony Weiner: Sex columnist (and America's ethicist?) Dan Savage thinks Weiner is right not to resign over this mess. What's the great sin here? "Weiner was horny and went online," blogs Savage at the Stranger. "He created his own porn, his own interactive porn,...

Jun 7, 2011 – (Newser) – Prosecutors possess evidence from John Edwards' own emails that help prove a key part of the case against him and make his decision to opt for a trial instead of a plea bargain look even riskier, sources tell AP. In the emails, Edwards and his former speechwriter, Wendy...

Jun 7, 2011 – (Newser) – Tim Pawlenty delivered a combative speech today in which he called for massive changes in the tax code and accused Barack Obama of being a “champion practitioner of class warfare.” Pawlenty proposed a system with just two tax brackets, taxing the first $50,000 of income ($100,000 for married...

Jun 7, 2011 – Andrew Breitbart, who broke the Anthony Weiner sex scandal story, says he had no idea he was on live television Monday when he spoke to reporters about the investigation into the lewd photos sent from Weiner’s Twitter account. Breitbart also said on Fox News that he feels vindicated by the...

Jun 7, 2011 – Fox News firebrand Glenn Beck plans a novel pay-to-view system for his new website venture, GBTV, after he leaves Fox on June 30. Subscriptions to the site, which will run Beck’s own “Glenn Beck” show alongside scripted and unscripted content, will cost between $5 and $10 a month, reports The...

Jun 7, 2011 – (Newser) – DNC Chairwoman Debbie Wasserman Shultz has backed off just a bit from her statement that Republicans “want to literally drag us all the way back to Jim Crow laws.” She was referring to Republican-backed proposals to reduce voter fraud, like requiring voters to show a photo ID. “Photo...

Jun 7, 2011 – (Newser) – Sarah Palin's latest literary trove lands with a 275-pound thud in Juneau Friday morning: Almost three years after media outlets requested the emails she and husband Todd sent while she was governor, Alaska has set Friday as the official release date, reports the Anchorage Daily News. The state...

Jun 7, 2011 – (Newser) – The military is digging in its heels against the idea of a swift withdrawal from Afghanistan. “I think we shouldn’t let up on the gas too much, at least for the next few months,” Robert Gates told troops yesterday, as he finished his final trip to Afghanistan as...

Jun 7, 2011 – Another Republican is eyeing a late entrance into the presidential primary, and his name is not Jeb, Chris, Paul or Rick. It’s Thaddeus. In an interview Monday with POLITICO, Michigan Rep. Thaddeus McCotter said he’s seriously considering a White House bid and will decide within the next two weeks. Read...

Jun 7, 2011 – For the first time in its exceedingly long history, Yemen now threatens the outside world. It does so in two principal ways. First, even before the current political upheaval began there on January 15, violence out of Yemen already impinged on Westerners. As Pres. Ali Abdullah Saleh’s weak government...

Jun 7, 2011 – While I generally loathe press releases, I have to admit that one caught my eye on Monday morning. The e-mail release from the Republican National Committee simply said, “They Own It.” As I expected, “They” referred to President Obama and Democrats, and “It” referred to the economy....

Jun 7, 2011 – In this age of "mistakes were made" and "I can't say with certitude," a reminder of a time when accountability was an essential virtue of leadership arrived with the 67th anniversary of D-Day. The day before the greatest armada ever assembled set sail for the coast of Normandy, Gen....

Jun 7, 2011 – Get your free copy of Ann Coulter's new book Demonic with a subscription to Townhall Magazine today.…

Jun 7, 2011 – CHICAGO -- Republican Tim Pawlenty was set to propose an economic policy Tuesday that would simplify individual tax rates to just three options and cut taxes on business by more than half as he offered himself as a replacement to Barack Obama in the Democratic president's hometown. The former Minnesota governor...