Bank of America is offering about 200,000 homeowners a chance to wipe out a big chunk of their mortgage debt. The offers are part of the settlement Bank of America and other major banks reached with state and federal regulators earlier this year, and it's one of the biggest principal forgiveness opportunities so far.
Beatles tunes are very hard to license — the surviving band members and heirs have been choosy about who can play their songs. AMC's Mad Men made the cut. For a reported $250,000, the show was allowed to pay "Tomorrow Never Knows."
Socialist Francois Hollande won the French presidency over the weekend, in large part due to his pledge to push for growth and battle the German-led austerity approach to Europe's fiscal problems. But what does that pledge mean in practical terms?
The arguments for growth policies as opposed to austerity are taking center stage in Europe after the French and Greek elections.
His rhetoric aside, France's President-elect Francois Hollande is not rejecting austerity. In fact, he pledged to balance France's budget by the end of his five-year term, just one year later than his opponent, outgoing President Nicolas Sarkozy.