In December, Freddie Mac CEO Charles Haldeman (from left), FHFA acting Director Edward DeMarco and Fannie Mae CEO Michael Williams testified on Capitol Hill about the Federal Housing Finance Agency's performance.
Turn on the news on any given day, and you're likely to hear about the Dow Jones industrial average. It is the most frequently checked, and cited, proxy of U.S. economic health. But a lot of people — maybe most — don't even know what it is. It's just the stock prices of 30 big companies, summed up and roughly averaged. That's it.
And what does the daily movement of this number have to do with the lives of most Americans? Not much.
Tai chi, the Chinese martial art involving slow and rhythmic movement, has been shown to benefit older people by maintaining balance and strength. Now, researchers have found that tai chi also helps patients who suffer from Parkinson's disease.
Leona Maricle was diagnosed with Parkinson's two years ago. At the time, she was teaching math, and she says she had experienced the telltale tremors of Parkinson's for a number of years. She learned how to cope.
Chuck Taylor All Stars are common on the streets of Shanghai. Xuan Zhihui, 62, a retiree from a state-owned factory, wears her daughter's hand-me-down sneakers, which are 15 years old. She says they're really comfortable.
My Tee in Shanghai carries loads of limited edition Chuck Taylors from cities in Japan and New York. Owner Kenny Lee considers some of them museum pieces and has refused to sell them despite offers of up to $3,000.
Stroll along a street in downtown Shanghai for very long, and you're likely to run into someone wearing Converse Chuck Taylor All Stars. One recent afternoon, Xu Jing was heading back from lunch to her job at an ad company in a pair of raspberry-colored Chuck Taylors.
"They have a young image, upbeat and outdoorsy, sporty," said Xu, 27, explaining the appeal. "Young people with an artistic sense prefer Converse."
Xu was accompanied by Chen Xiaolei, a co-worker who owns three pairs of Chuck Taylor high-tops.
Labor unions plan to rally in front of the Arizona State Capitol on Thursday afternoon to protest four bills quickly moving through the state Legislature that could make last year's Wisconsin labor laws look modest by comparison.
Three of the four bills restrict the way unions collect dues and the way workers get paid for union activities. The fourth bans collective bargaining between governments and government workers: state and local. Unlike Wisconsin, it affects all government employees, including police and firefighters.
Members of the Egyptian military stand guard as officials raid the offices of a nongovernmental organization in Cairo. Egyptian investigating judges referred international NGO workers to trial for allegedly being involved in banned activities and illegally receiving foreign funds, security officials said.
Credit Courtesy of the National Democratic Institute
A voter checks a sample ballot outside a polling station during the second round of municipal elections in Egypt. The National Democratic Institute says it has helped mobilize volunteers and make parties aware of citizens' needs in Egypt without promoting a particular ideology.
American lawmakers are furious about a mounting diplomatic crisis in Egypt, where dozens of nongovernmental workers, including 19 Americans, could face trial.
The United States says Egypt needs to let pro-democracy groups continue their work to help the country's transition, but Egypt accuses them of operating illegally.
The work of democracy promotion groups has raised suspicions in many countries, but Lorne Craner, who runs the International Republican Institute, says he has never seen anything like what's going on now in Egypt.