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Economy
4:23 am
Sat April 21, 2012

What's It Worth?: Historic Detroit Mansion For Sale

Stone Hedge, a 10,000-square-foot Detroit mansion built in 1915 is listed at less than $450,000.
Jessica J. Trevino Detroit Free Press

Originally published on Sun April 22, 2012 5:40 am

Even before the financial crisis, Detroit was known for its undervalued real estate. Now, a bad situation is even worse.

Michael Bradley and his sister Annette Foreman have spent the last several months cleaning their mother's home. She died on Christmas Eve last year, and they're putting her house up for sale.

The four-story house, known as Stone Hedge, was originally built for Walter O. Briggs in 1915. Briggs was in the car business. His company built auto bodies, and he owned the Detroit Tigers.

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Europe
4:22 am
Sat April 21, 2012

Amid Europe's Debt Crisis, A Sharp Rise In Suicides

Mourners gather at the spot in front of the Greek parliament in Athens where 77-year-old retired pharmacist Dimitris Christoulas shot and killed himself on April 4. Christoulas left a note saying he did not want to end up scrounging for food in garbage bins.
Simela Pantzartzi EPA/Landov

Originally published on Sat April 21, 2012 6:47 pm

The eurozone crisis has been under way for three years and has led to sharp welfare cutbacks and a credit crunch throughout the continent.

But one of the most serious effects of the financial crisis has been an alarming spike in suicides in debt-burdened Greece, Ireland and Italy.

Last Wednesday, about a 1,000 people gathered in central Rome for a candle-lit vigil to honor Italy's economic victims. Statics show that from 2009 and 2010, some 400 small-business owners took their lives.

There have already been 23 crisis-related suicides since January.

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Europe
4:22 am
Sat April 21, 2012

Emerging Markets Promise IMF Financial Firepower

International Monetary Fund Managing Director Christine Lagarde announced Friday that the IMF had raised $430 billion, surpassing its stated goal.
Charles Dharapak AP

Originally published on Sat April 21, 2012 8:46 am

International Monetary Fund officials and members of the G-20 nations announced Friday that member countries have pledged $430 billion to add to the Fund's crisis-fighting arsenal.

The Fund's managing director Christine Lagarde came into the annual World Bank-IMF spring meetings in Washington, D.C., with a goal of raising $400 billion from member states. She was clearly happy and relieved as she announced a number larger than that.

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The Two-Way
4:37 pm
Fri April 20, 2012

Three More Secret Service Employees Resign Over Prostitution Scandal

Update at 6:19 p.m. ET. Three Secret Service Agents Step Down:

The Secret Service confirmed that three "additional employees have chosen to resign" and a twelfth employee has been implicated.

"At this point, five employees continue to be on administrative leave and their security clearances remain suspended pending the outcome of this investigation," the agency said in a press release.

The three dismissals today brings the total number of agents forced out of the agency because of the scandal to six.

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The Disappearing Coast
4:06 pm
Fri April 20, 2012

Two Years Later, BP Spill Reminders Litter Gulf Coast

Pictured here on April 13, 2011, Barataria Bay — part of Louisiana's Barataria Basin — was one of the hardest hit areas in the aftermath of the Deepwater Horizon oil rig explosion. Today, obvious signs of the spill have faded, but communities are still reeling from its effects.
Mario Tama Getty Images

Originally published on Fri April 20, 2012 4:17 pm

It's been two years since the Deepwater Horizon exploded in the Gulf of Mexico, killing 11 rig workers and unleashing the worst oil spill in U.S. history. The oil has long stopped flowing and BP spent billions of dollars to clean up oiled beaches and waterways, but the disaster isn't necessarily over.

Oil fouled some 1,100 miles of Gulf Coast shoreline, but today, in most spots, you can't see obvious signs of the spill. In Orange Beach, Ala., the clear emerald waters of the Gulf roll onto sugar-white sand beaches.

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