Britannia Radio

Wheat prices soar in Russia drought: Wheat prices have hit a two-year high as Russia cut its grain harvest forecast by millions of tonnes following its worst drought for decades.

Alleged Rangel Violations Include Dealings With AIG-Associated Foundation : Ethics violations against Rep. Charles Rangel, D-N.Y., include a charge that he solicited and won a $5 million grant from a foundation then associated with American International Group to create an educational institute that bears his name.

Husband of powerful intel. committee congresswoman buys Newsweek: Harman has purchased Newsweek, according to Paid Content's David Kaplan. The magazine was sold for $1 and an agreement to transfer its financial liabilities, which Kaplan noted to be an estimated $70 million.

Rep. Maxine Waters Charged With Ethics Violations: California Democratic Congresswoman Allegedly Violated House Rules to Assist Bank

Maxine Waters’ Greatest Hits: Waters is under a harsh light after OneUnited Bank, a Massachusetts bank in which her husband owned a stake, received $12 million in federal bailout money.

Bank-Bankruptcy: Five More Banks Bankrupt, Insurance Funds Siphoned: For a normal business to fail during the time of economic downturn is nothing out of the ordinary. However, when banks start to fail, then the public might have more to get concerned about. The total number of failed banks this year in the US has reached a number of 108, as another five banks failed.

Bankrupt Banks List: The FDIC is often appointed as receiver for failed banks. This page contains useful information for the customers and vendors of these banks. This includes information on the acquiring bank (if applicable), how your accounts and loans are affected, and how vendors can file claims against the receivership.

U.S. Consumer Spending, Incomes Unexpectedly Stagnate: Incomes didn’t increase for the first time since September and the savings rate increased to the highest level in a year, Commerce Department figures showed today in Washington.