If you have difficulty viewing this newsletter, click here to view as a Web page. Click here to view in plain text. |  | Friday, June 22, 2012 | Business Romney's Bain Capital invested in companies that moved jobs overseas Mitt Romney's financial company, Bain Capital, invested in a series of firms that specialized in relocating jobs done by American workers to new facilities in low-wage countries like China and India. During the nearly 15 years that Romney was actively involved in running Bain, a private equity firm that he founded, it owned companies that were pioneers in the practice of shipping work from the United States to overseas call centers and factories making computer components, according to filings with the Securities and Exchange Commission. Read full article >> (Tom Hamburger) Stock markets fall as evidence of economic slowdown sinks in Stocks fell more than 2 percent on Thursday, as mounting evidence of a global economic slowdown seemed to sink in for investors. After several days of shrugging off a string of bad news, confidence in the strength of the global economy ebbed Thursday as investors headed for the exits. Read full article >> (Michael A. Fletcher, Amrita Jayakumar) John Bryson resigns as commerce secretary, citing recent seizure John Bryson resigned late Wednesday as commerce secretary, less than two weeks after suffering a seizure and hitting two cars in an incident still shrouded in some mystery. Bryson, who spent only eight months in his Cabinet post, said in a letter to President Obama that new leadership was needed since the seizure he suffered "could be a distraction" during a crucial time for the U.S. economy. Read full article >> (Ed O'Keefe, Jia Lynn Yang) Federal regulators crack down on abuse of military by some mortgage companies Federal financial regulators on Thursday moved to tighten oversight of how mortgage companies handle loans for servicemembers who are underwater and forced to transfer to new bases. In new guidance, they spelled out several practices they would consider unfair, deceptive or abusive. They include failing to notify service members of assistance programs or requiring them to waive their rights to special protections for military before offering help. Read full article >> (Ylan Q. Mui) Supreme Court health-care ruling likely to have long-term fallout Though no one outside the Supreme Court has an inkling how it is going to rule on President Obama's health-care law, the political fallout — at least initially — is easy to predict. If the law is upheld in full, the decision will be hailed as a triumph for Obama and his leadership. If it is struck down entirely, Republicans will claim vindication in their unanimous opposition to what they see as a massive overreach of government. Read full article >> (Karen Tumulty) More Business Economy Stock markets fall as evidence of economic slowdown sinks in Stocks fell more than 2 percent on Thursday, as mounting evidence of a global economic slowdown seemed to sink in for investors. After several days of shrugging off a string of bad news, confidence in the strength of the global economy ebbed Thursday as investors headed for the exits. Read full article >> (Michael A. Fletcher, Amrita Jayakumar) Greece hopes for payback against Germany on Euro 2012 pitch ATHENS — Everyone knows the score before a game starts. It is 0 to 0. The playing field is level. The referee is fair. The rules favor no one. If only such principles were seen applying to the euro zone currency union, the emotions over Friday's Euro 2012 soccer quarterfinals between Greece and Germany would not be so intense. Read full article >> (Howard Schneider) More Economy TODAY'S ... Comics | Crosswords | Sudoku | Horoscopes | Movie Showtimes | TV Listings | Carolyn Hax | Tom Toles | Ann Telnaes | Traffic & Commuting | Weather | Markets |
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