News Prices for single-family homes rose in 81 percent in America

Prices for single-family homes rose in 81 percent of the nation's cities as the property market extends a recovery from the worst crash since the 1930s.

Stephen Foley: America on bailout red alert again

US Outlook The US is back on Bailout Red Alert, and this time round the federal government looks like it might have to pay to bail out – itself. No one should be surprised to learn that the Federal Housing Administration has found itself facing big losses, what with so many Americans failing to pay their mortgage. Republican politicians scent a scandal of Fannie Mae and Freddie Mac proportions, and are already making hay, but this is no time for the Obama administration to go defensive about its support for the US housing market.

US seeks power to wind up 'too big to fail' firms

Government determined to make failing institutions pay for their risk-taking

US budget deficit hits peacetime high: $1.4trn

The US government borrowed more than ever in peacetime last year – some $1.4 trillion, said the Congressional Budget Office yesterday. Proportionately, the deficit is one of the largest among the advanced nations – 9.9 per cent of GDP. Loss of tax revenues during the recession, the costs of supporting the jobless and the extraordinary scale of public support for the financial sector have all driven the deficit higher. However, the latest news on unemployment suggests a slightly brighter outlook.

Financier at centre of the US mortgage crisis found hanged

Executive ran multibillion-dollar lender under investigation for accounting fraud

Fannie Mae and Freddie Mac bosses made 'reckless bets'

The chief executives of Fannie Mae and Freddie Mac, the collapsed mortgage finance giants at the centre of the US housing market, repeatedly ignored warnings that they were putting their companies at risk with exotic mortgage investments, a congressional hearing has been told.

<a href="http://s-foley.livejournal.com/468.html">Stephen Foley : Fannie and Freddie are useful alive, but the shares are dead money</a>

The cameras had left and reporters had shut their notepads, but the most illuminating part of today's hearings into Fannie Mae and Freddie Mac happened after the main bout.

Steve Richards: A hard lesson for the Tories to learn

Cameron has struggled to come up with a clear line over this crisis

Dominic Lawson: Don't bank on the Government

Brown said that a bust could never happen under his bespoke system of regulation

Dominic Lawson: Democrat fingerprints are all over the financial crisis

The least well off are going to face the most stringent terms for mortgages

Dominic Lawson: The borrowers must take their share of the blame too

From: Minister of the Treasury Paulson

FBI probes AIG and Lehman as pressure mounts for legal action

Authorities ask whether executives knew about the dire state of firms' finances

<a href="http://blogs.independent.co.uk/the_campaign_trailers/2008/09/time-mccain-pla.html" target="_blank">US Campaign Trail: Time - McCain playing the race card</a>

Time magazine's Karen Tumulty has accused the McCain campaign of racism for launching this ad accusing Obama of close ties to discredited former Fannie Mae Chairman Franklin Raines.

BBA rejects call for Government to act as mortgage guarantor

The body representing Brit-ain's banks yesterday rejected calls for the Government to guarantee mortgages in an effort to kick-start the housing market.

Jeremy Warner's Outlook: There's a gallows humour about the City. Few expect to survive for long

Sutcliffe takes the bullet at Old Mutual; First too optimistic, now too pessimistic

Steve Richards: The rules have changed. But have our politicians noticed?

This bail-out has turned the world on its head. The next election will be the last fought on the primacy of markets
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Prices correct as of 19 December 2014
Amir Khan: 'The Taliban can threaten me but I must speak out... innocent kids, killed over nothing. It’s sick in the mind'

Amir Khan attacks the Taliban

'They can threaten me but I must speak out... innocent kids, killed over nothing. It’s sick in the mind'
Homeless Veterans appeal: 'You look for someone who's an inspiration and try to be like them'

Homeless Veterans appeal

In 2010, Sgt Gary Jamieson stepped on an IED in Afghanistan and lost his legs and an arm. He reveals what, and who, helped him to make a remarkable recovery
Could cannabis oil reverse the effects of cancer?

Could cannabis oil reverse effects of cancer?

As a film following six patients receiving the controversial treatment is released, Kate Hilpern uncovers a very slippery issue
The Interview movie review: You can't see Seth Rogen and James Franco's Kim Jong Un assassination film, but you can read about it here

The Interview movie review

You can't see Seth Rogen and James Franco's Kim Jong Un assassination film, but you can read about it here
Serial mania has propelled podcasts into the cultural mainstream

How podcasts became mainstream

People have consumed gripping armchair investigation Serial with a relish typically reserved for box-set binges
Jesus Christ has become an unlikely pin-up for hipster marketing companies

Jesus Christ has become an unlikely pin-up

Kevin Lee Light, aka "Jesus", is the newest client of creative agency Mother while rival agency Anomaly has launched Sexy Jesus, depicting the Messiah in a series of Athena-style poses
Rosetta space mission voted most important scientific breakthrough of 2014

A memorable year for science – if not for mice

The most important scientific breakthroughs of 2014
Christmas cocktails to make you merry: From eggnog to Brown Betty and Rum Bumpo

Christmas cocktails to make you merry

Mulled wine is an essential seasonal treat. But now drinkers are rediscovering other traditional festive tipples. Angela Clutton raises a glass to Christmas cocktails
5 best activity trackers

Fitness technology: 5 best activity trackers

Up the ante in your regimen and change the habits of a lifetime with this wearable tech
Paul Scholes column: It's a little-known fact, but I have played one of the seven dwarves

Paul Scholes column

It's a little-known fact, but I have played one of the seven dwarves
Fifa's travelling circus once again steals limelight from real stars

Fifa's travelling circus once again steals limelight from real stars

Club World Cup kicked into the long grass by the continued farce surrounding Blatter, Garcia, Russia and Qatar
Frank Warren column: 2014 – boxing is back and winning new fans

Frank Warren: Boxing is back and winning new fans

2014 proves it's now one of sport's biggest hitters again
Jeb Bush vs Hillary Clinton: The power dynamics of the two first families

Jeb Bush vs Hillary Clinton

Karen Tumulty explores the power dynamics of the two first families
Stockholm is rivalling Silicon Valley with a hotbed of technology start-ups

Stockholm is rivalling Silicon Valley

The Swedish capital is home to two of the most popular video games in the world, as well as thousands of technology start-ups worth hundreds of millions of pounds – and it's all happened since 2009
Did Japanese workers really get their symbols mixed up and display Santa on a crucifix?

Crucified Santa: Urban myth refuses to die

The story goes that Japanese store workers created a life-size effigy of a smiling "Father Kurisumasu" attached to a facsimile of Our Lord's final instrument of torture