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  • When the real estate market crashed, many developers found themselves saddled with apartments that bring in far less money than they need to pay the loans on the properties. Now, more than 70,000 New York City apartment units are in foreclosure or at risk of it.
  • Six of eight federal prosecutors fired by the Bush administration testify before House and Senate committees. Congressional Democrats are looking into allegations that the attorneys were fired for political reasons.
  • Illinois Rep. Danny Davis, who is vying to replace President-elect Barack Obama in the U.S. senate, granted an extensive interview to NPR's Michel Martin. In it, he addresses whether or not Gov. Rod Blagojevich should resign and whether the seat should go to an African-American.
  • Higher-than-expected tax revenues in the United States are expected to make a dent in the federal deficit, according to early reports. According to The New York Times, corporate taxes, taxes on stock-market profits and taxes on executive bonuses are mostly responsible for the higher revenues.
  • U.S. Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke, along with other cabinet-level officers, are in Beijing for talks with senior Chinese officials on trade and economic concerns, including the huge U.S. trade deficit with China.
  • A prominent Tijuana business group has reestablished its relationship with the government. Business leaders say the government has shown results in fighting crime in the border region. KPBS Reporter A
  • The House votes on a bill that would expand the number of human embryonic stem cell lines scientists could study with federal money. Currently, only a couple dozen stem cell lines are available.
  • School officials can play a key role in stemming the spread of swine flu, which has infected seven people across Southern California, state schools Superintendent Jack O'Connell said in San Diego today
  • The news of Mexico's bloody cartel war is reflected in a controversial folk-music genre called narcocorridos, or drug ballads. They're like journalism put to song — telling stories of drug lords, arrests, shootouts, daring operations and betrayals. But, like the cartel war itself, writing corridos about drug traffickers can be risky business.
  • Corporations spend millions to attach themselves to the Olympics, getting exclusive rights that they hope will boost the corporate image in return. But they also provide behind-the-scenes perks, like doing athletes' laundry, providing free food and handing out diapers for their children.
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