11 26 2014
  9:19 pm  
The Wake of Vanport oral history

French Socialist's Big Idea: Tax the Rich

Sarkozy rival's plan to levy 75 percent tax on millionaires proves popular

PARIS (AP) -- French presidential candidate Francois Hollande, leading in polls but lacking in ideas that stick in voters' minds, finally dropped a bombshell: As president, he would levy a 75 percent tax on anyone who makes more than (EURO)1 million ($1.33 million) a year.

Read more: French Socialist's Big Idea: Tax the Rich

Watchdog: Housing Regulator Should Be More Active

Report says FHFA is understaffed and can't properly monitor Fannie and Freddie

WASHINGTON (AP) -- A government watchdog says the top U.S. housing regulator should take a more active role in overseeing mortgage giants Fannie Mae and Freddie Mac, which have received huge infusions of taxpayer cash.

Read more: Watchdog: Housing Regulator Should Be More Active

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