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KPBS Special Coverage: The President's State Of The Union Address

The bailout of Fannie Mae and Freddie Mac was good news for Asian markets — they surged the most in seven months. Analysts say the government takeover removed the uncertainty stalking the markets and renewed investor confidence.

At a speech to the Veterans of Foreign Wars, the president said the United States has a responsibility to care for servicemen and -women who have been physically and psychologically wounded in combat.

A day after it declared bankruptcy, GM announced a tentative agreement to sell the Hummer line to a little-known Chinese company. Hummer fans in China are ecstatic. But Chinese media are deriding the deal, and some industry analysts predict it will fall apart.

When AIG stunned the global economy by nearly collapsing last year, the insurance giant was being regulated by dozens of agencies in the U.S. Lawmakers eyeing an overhaul of the financial system say that's far too many, but politics makes reducing the number almost impossible.

Imagine the U.S. government saying to the people living around Yellowstone, "You know what? All those wild animals in the park — the grizzlies, the bison, the wolves — they belong to you." This is exactly what the government of Namibia has done in a radical experiment to save wildlife — and the people who share their land.

The nation's jobless rate took a surprise dip in July to 9.4 percent, the first drop since April 2008. But the economy is still losing jobs, and employers remain reluctant to bet the payroll that a full recovery is around the corner.

The Supreme Court wrapped up its term this week with a bang that pleased many conservatives. The court delivered decisions that limit voluntary school desegregation plans, curb student free speech rights and struck down a key provision of the McCain-Feingold campaign finance law.

The mammoth oil spill in the Gulf of Mexico, sparked by the explosion and sinking of a deep-water oil rig, now surrounds the river delta, all but shutting down fisheries. But the oil industry still has many friends there. As Louisianans fight the crude invading their coast, many also want to repel efforts to limit offshore drilling.

Republicans want to see rates cut to about 4 percent for 30-year fixed-rate home loans for borrowers with decent credit. The move could help to prop up the housing market, and it could save millions of homeowners a lot of money if they refinanced.