Facebook IPO triggers retail investor craze
SAN FRANCISCO - Despite warnings from many wealth managers about the risks of jumping into the Facebook IPO Friday, many individual investors are being drawn in by the company's brand name and the fact that one in seven people around the globe are on the social network. Full Article | Video
Fed keeps bond-buying door open: minutes
- Federal Reserve policymakers kept the door open to a fresh round of monetary stimulus, citing downside risks to a moderately expanding economy, according to minutes for the central bank's April meeting.
JPMorgan investment unit played by risky rules
LONDON/FRANKFURT - The JPMorgan unit that lost more than $2 billion through a failed hedging strategy had looser risk controls than the rest of the bank, according to people familiar with the situation. Full Article
Greeks vote with wallets in fear of euro zone exit
ATHENS/BERLIN - Greeks are pulling euros out of the banks in fear that their country may leave the European single currency despite the declared determination of EU powers Germany and France to keep Athens in the monetary union. Full Article
Mladic taunts survivors at start of genocide trial
THE HAGUE - Former Bosnian Serb general Ratko Mladic made a throat-slitting gesture to a woman who lost her son, husband and brothers in the Srebenica massacre at the start of his trial for some of the worst atrocities in Europe since World War Two. Full Article | Slideshow
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Don't call him Mr. Merkel
BERLIN - Political spouses sometimes provide a spot of glamour. Then there is Joachim Sauer. As his wife stands in the global spotlight battling the euro-zone's economic crisis, Sauer is happy to remain unknown outside the world of theoretical chemistry. Full Article
Activist targets schools, backed by big bucks
After three tumultuous years at the head of the Washington D.C. public schools, Michelle Rhee has emerged as the leader of an unlikely coalition vowing to overhaul the nation’s public education system and forever break the hold of teachers unions on policy. Full Article
Syria's TV confessions fail to convince many
BEIRUT - Syria's state media is fighting hard to cast the country's unrest as an Islamist terrorist conspiracy rather than a popular uprising against the dynastic rule of President Bashar al-Assad. Full Article
China approaches sea dispute with "small stick"
HONG KONG - After alarming neighbors with assertive behavior in the South China Sea, China has turned to "small stick" diplomacy, using lightly armed patrol boats rather than warships. But Beijing, anxious to show its strength, has still shown no sign of compromise. Full Article
Foreclosed Americans return to homeownership
NEW YORK - A small but growing number of Americans are making a surprisingly quick return to homeownership after defaulting on their loans or being forced into short sales that cost their banks money. Full Article
Major drug bust in Afghanistan
May 16 - The Russian anti-drug tsar says four drug labs were closed, 67 people were arrested and tonnes of drugs were seized in Afghanistan last week. Deborah Lutterbeck reports.
Latest Headlines
Bad ideas spawn Lesser Depression
When Lehman failed, there were good reasons to think the pain would be brief and concentrated. Almost four years on, the rich world has not fully recovered. Policymakers are following flawed expert advice. A rethink on both unemployment and debt is urgently needed. Commentary
Building a new future for Turkey
Recent developments in Syria and Iran have highlighted the importance of one of the U.S.’s most enduring relationships: its alliance with Turkey. The two countries have an historic chance to forge a genuinely new partnership and work together in the Middle East, Madeleine K. Albright and Stephen J. Hadley write. Commentary
Student debt could hobble the economy
Default rates on student loans are both high and hard to measure, and there are reasons to fear that the growing mountain of student debt could have every bit as profound an impact on our economy as the housing bubble did. Commentary
Press-dinner proceeds and cat-and-mouse China reporting
How much money raised by the White House Correspondents' Dinner actually goes to charity? And what are the special challenges of getting stories like Chen Guangcheng's out of China? Commentary
How to protect the euro from a Greek exit
The chances of Athens quitting the euro have shot up. Unless the rest of the euro zone is well prepared, the knock-on effect will be devastating. Fortunately, it’s not too difficult to construct a contingency plan. Commentary
The strange vogue in dumping U.S. citizenship
Michele Bachmann’s fling with Switzerland lasted just 53 days before she came running back to Uncle Sam. That was just before Facebook’s co-founder Eduardo Saverin called it all off with the U.S., possibly for tax reasons. Full Article
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Breakingviews: Dimon shines on
Jeffrey Goldfarb talks to Antony Currie about the mild shareholder rebuke of the JPMorgan boss at the bank’s annual meeting. Video
Obama walks fine line in bashing Romney, courting Wall Street
While trying to define Republican Mitt Romney as an insensitive job-killer during his time as a private equity executive, President Barack Obama's re-election campaign is also raising money from private equity executives on Wall Street - and hoping voters don't see that as hypocritical. Full Article
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