
By Dean Clancy
Budget voters are first chapter in victory over eternal budget deficits
Independent voices from the TWT Communities

Americans bought more new homes in April, the latest signal that the U.S. housing market is steadily improving.
Regulators are examining whether Morgan Stanley, the investment bank that shepherded Facebook through its highly publicized stock offering last week, selectively informed clients of an analyst's negative report about the company before the stock started trading.

The threat of a financial crisis spreading from Europe shook markets on Wednesday. The euro dropped to a nearly two-year low against the dollar, oil prices sank to their lowest this year, and stocks took another fall.

The price of oil tumbled below $90 on Wednesday for the first time in nearly seven months as U.S. supplies continue to grow.
The man who helped oversee the $700 billion bailout of the financial industry has a book deal.
Facebook's stock is climbing higher, a reprieve for shareholders after the stock's rocky inaugural trading day Friday was followed by a two-day decline.

Regulators are examining whether Morgan Stanley, the investment bank that shepherded Facebook through its highly publicized stock offering last week, selectively informed clients of an analyst's negative report about the company before the stock started trading.
The organization overseeing a major expansion of Internet addresses has reopened its system for letting companies and organizations submit proposals.

Met any Facebook millionaires? The country was supposed to be awash in them by now. But unless they are among the privileged few Facebook insiders, investors probably either lost money on the website's initial public offering (IPO) or were smart enough to wait and see.

The automatic spending cuts and tax increases slated to take effect at the end of this year would cut the federal deficit dramatically, but would send the country back into a short recession, according to the latest analysis from Congress's official scorekeepers.

President Obama's anti-capitalism attacks on Mitt Romney's long career as an investor who bankrolled businesses and created jobs isn't playing well in some Democratic circles.

Stocks are closing mixed after news out of Greece yanked indexes lower shortly before the closing bell.
In a fresh warning to Pakistan, a Senate panel approved Tuesday a foreign aid budget for next year that slashes President Obama's request for assistance to Islamabad by more than half and threatens further reductions if it fails to open supply routes to NATO forces in Afghanistan.

The lights had barely gone out on the Annapolis special session, called to increase income taxes, when the Department of Labor jobs numbers came out for April. It reported that Maryland led the nation in job losses, dropping by 6,000.
The maker of a new DVR that lets consumers zap away broadcast-TV commercials at the touch of a button suggested Tuesday that the networks are being shortsighted in opposing the technology.