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Front Page: Home Values Fall by Nearly 20 Percent

  • Home prices across 20 major US cities fell an average of 18.2 percent in November, compared to prices from a year earlier. While the slide has made homes more affordable, foreclosures have resulted in $1 trillion in losses worldwide. — Bloomberg
  • Timothy Geithner officially became Treasury Secretary yesterday, after the Senate confirmed his nomination. Geithner's first act will limit the influence of lobbyists seeking bailout funds. – Washington Post
  • Barack Obama's aunt will be allowed to the stay in the US while an immigration proceeding determines her status. The half-sister of Obama's father was ordered to leave the country in 2004 but remained in Boston.— Boston Herald
  • With President Obama's Mideast envoy's first mission underway, Egypt has expressed hope that a permanent truce in Gaza can be reached by early February. — International Herald Tribune
  • A California woman gave birth to octuplets Monday. The eight babies are only the second known set of octuplets born in the US. — Voice of America
  • Citigroup has abandoned plans to purchase a $50 million jet, after defending the purchase as a smart business deal. Reports are that officials from the Obama administration called the bank and told them to "fix it." — ABC News

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