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.

Market Report: Glaxo takes a hit as trading finally gets going

The drugs giant Glaxo-SmithKline was among the losers in an unexpectedly light session in London yesterday.

The great mortgage bail-out

Pressure is already growing for the US's unprecedented rescue of the mortgage market to be replicated in the UK, despite some concerns about its long-term effectiveness.

<a href="" target="_blank">Chris Schuler: Oh, do grow up</a>

Much has been written about the implications for the global economy of the US Government bail-out of the failing mortgage companies Freddie Mac and Fannie Mae. Yet no one seems to have commented on those incongruously cute names.

Glitch hits London shares' big day

An embarrassing computer failure at the London Stock Exchange left City traders unable to cash in on a worldwide stock market boom for much of today.

<a href="" target="_blank">Sean O'Grady: Bailing out Fannie and Freddie</a>

You can read the US rescue of the Freddie Mac and Fannie Mae mortgage agencies two ways.

US bail-out sends UK shares leaping

The dramatic nationalisation of mortgage giants Fannie Mae and Freddie Mac by the US Government today sent London's leading shares soaring almost 4 per cent.

Bush bails out US mortgage giants

The Bush administration ripped up years of laissez-faire economic policies last night and launched a government takeover of two of the most powerful mortgage companies in the US. The move is designed to forestall a collapse in house prices that could plunge America into a new Great Depression and trigger chaos on the world's financial markets.

Sean O'Grady: The world depends on the two Fs

"Too big to fail" is an expression that suits Fannie Mae and Freddie Mac. The US Treasury Secretary, Henry Paulson, said yesterday that the two institutions "are so large and interwoven in our financial system that a failure of either of them would create great turmoil in financial markets".

Market update - 26 August

The FTSE 100 was down 91.1 points at 5414.5 and the FTSE 250 was down 73.3 points at 9109.4 at 11.56am today. Liberty International was among the few stocks in the black this morning – stock gained 46p to 991p after Simon Property Group, the American real estate group, said it had increased its stake to 4.2 per cent and Australia’s Westfield confirmed a 2.96 per cent holding. “There is a lot of bid speculation around this now. It started last week when some people were still sceptical. But that has changed now,” said one trader, referring to Simon’s initial announcement of a 3.45 per cent stake.

Wall Street fears the worst as US housing sales continue to fall

Wall Street will this week brace itself for further disappointing figures from the US housing arena when numbers for sales of existing and new homes are released on Monday and Tuesday.

US Fed chiefs meet at Jackson Hole as mortgage rates refuse to fall

Mortgage rates for the average US homeowner are higher now than at the beginning of the credit crisis a year ago, despite massive interest rate cuts by the Federal Reserve and a string of other efforts to kick-start credit markets.

Freddie Mac battles to remain independent

Executives at Fannie Mae and Freddie Mac, the American financial giants which sit at the core of the country's mortgage market, were desperately fighting yesterday to preserve their independence as a federal government takeover appeared closer than ever.

Fannie Mae admits it may need fresh capital

The possibility of a US government takeover of Fannie Mae, the mortgage finance giant, moved a step closer yesterday after the company said it may not have enough capital to make it through next year.

Freddie Mac ignored warnings in 2004 over dangerous bets

The head of Freddie Mac, the mortgage finance giant which is having to be propped up by the US government, ignored warnings as early as 2004 that the company's bets on the housing market were putting the financial system at risk.

Housing crisis to continue until 2011, Crosby warns

Sir James Crosby has no easy answers to the mortgage famine that has sent house prices tumbling and new Bank of England figures suggest no respite is in sight. By Sean O'Grady
A 1930 image of the Karl Albrecht Spiritousen and Lebensmittel shop, Essen. The shop was opened by Karl and Theo Albrecht’s mother; the brothers later founded Aldi
Arts and Entertainment
Standing the test of time: Michael J Fox and Christopher Lloyd in 'Back to the Future'
filmA cult movie event aims to immerse audiences of 80,000 in ‘Back to the Future’. But has it lost its magic?
Arts and Entertainment
Flora Spencer-Longhurst as Lavinia, William Houston as Titus Andronicus and Dyfan Dwyfor as Lucius
theatreThe Shakespeare play that proved too much for more than 100 people
exclusivePunk icon Viv Albertine on Sid Vicious, complacent white men, and why free love led to rape
Arts and Entertainment
Stir crazy: Noel Fielding in 'Luxury Comedy 2: Tales from Painted Hawaii'
comedyAs ‘Luxury Comedy’ returns, Noel Fielding on why mainstream success scares him and what the future holds for 'The Boosh'
Life and Style
Flow chart: Karl Landsteiner discovered blood types in 1900, yet scientists have still not come up with an explanation for their existence
lifeAll of us have one. Yet even now, it’s a matter of debate what they’re for
Arts and Entertainment
'Weird Al' Yankovic, or Alfred Matthew, at the 2014 Los Angeles Film Festival Screening of
musicHis latest video is an ode to good grammar. But what do our experts think he’s missed out?
New Real Madrid signing James Rodríguez with club president Florentino Perez
sportColombian World Cup star completes £63m move to Spain
Hotel Tour d’Auvergne in Paris launches pay-what-you-want
travelIt seems fraught with financial risk, but the policy has its benefits
Arts and Entertainment
booksThe best children's books for this summer
Career Services

Day In a Page

Burgundy, the River Rhone & Provence – MS Swiss Corona - seven nights from £999pp
Lake Maggiore, Orta and the Matterhorn – seven nights from £899pp
Sicily – seven nights from £939pp
Pompeii, Capri and the Bay of Naples - seven nights from £799pp
Istanbul Ephesus & Troy – six nights from £859pp
Mary Rose – two nights from £319pp
Noel Fielding's 'Luxury Comedy': A land of the outright bizarre

Noel Fielding's 'Luxury Comedy'

A land of the outright bizarre
What are the worst 'Word Crimes'?

What are the worst 'Word Crimes'?

‘Weird Al’ Yankovic's latest video is an ode to good grammar. But what do The Independent’s experts think he’s missed out?
Can Secret Cinema sell 80,000 'Back to the Future' tickets?

The worst kept secret in cinema

A cult movie event aims to immerse audiences of 80,000 in ‘Back to the Future’. But has it lost its magic?
Facebook: The new hatched, matched and dispatched

The new hatched, matched and dispatched

Family events used to be marked in the personal columns. But now Facebook has usurped the ‘Births, Deaths and Marriages’ announcements
Why do we have blood types?

Are you my type?

All of us have one but probably never wondered why. Yet even now, a century after blood types were discovered, it’s a matter of debate what they’re for
Honesty box hotels: You decide how much you pay

Honesty box hotels

Five hotels in Paris now allow guests to pay only what they think their stay was worth. It seems fraught with financial risk, but the honesty policy has its benefit
Commonwealth Games 2014: Why weight of pressure rests easy on Michael Jamieson’s shoulders

Michael Jamieson: Why weight of pressure rests easy on his shoulders

The Scottish swimmer is ready for ‘the biggest race of my life’ at the Commonwealth Games
Some are reformed drug addicts. Some are single mums. All are on benefits. But now these so-called 'scroungers’ are fighting back

The 'scroungers’ fight back

The welfare claimants battling to alter stereotypes
Amazing video shows Nasa 'flame extinguishment experiment' in action

Fireballs in space

Amazing video shows Nasa's 'flame extinguishment experiment' in action
A Bible for billionaires

A Bible for billionaires

Find out why America's richest men are reading John Brookes
Paranoid parenting is on the rise - and our children are suffering because of it

Paranoid parenting is on the rise

And our children are suffering because of it
For sale: Island where the Magna Carta was sealed

Magna Carta Island goes on sale

Yours for a cool £4m
Phone hacking scandal special report: The slide into crime at the 'News of the World'

The hacker's tale: the slide into crime at the 'News of the World'

Glenn Mulcaire was jailed for six months for intercepting phone messages. James Hanning tells his story in a new book. This is an extract
We flinch, but there are degrees of paedophilia

We flinch, but there are degrees of paedophilia

Child abusers are not all the same, yet the idea of treating them differently in relation to the severity of their crimes has somehow become controversial
The truth about conspiracy theories is that some require considering

The truth about conspiracy theories is that some require considering

For instance, did Isis kill the Israeli teenagers to trigger a war, asks Patrick Cockburn