June 2, 2011

As banking regulators rewrite mortgage rules, unusual alliances have sprung up to oppose tighter standards.

For decades, Korean greengrocers have embodied a classic New York type — the immigrant entrepreneur — as fixtures on countless city blocks. But now their ranks are thinning.

Analysts are predicting only modest progress on unemployment before November 2012, and gridlock is limiting President Obama’s options.

Even if its political situation stabilizes and the fighting ends, Yemen faces an economic collapse with shortages of oil, electricity and water and rising food prices.

Jean-Claude Trichet, president of the European Central Bank, called for the creation of a central finance ministry to monitor spending in the European Union.