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Chines Banks Lower Rates For First-Home Buyers

Chinese banks have begun offering preferential loan rates for first-home buyers, the official China Securities Journal said on Monday, signaling that Beijing is relaxing its grip on the property sector after a near two-year clampdown.

Stockton, California's impact on muni landscape

Last week the Stockton, California, city council approved a plan to default on about $2 million of debt payments in an effort to avoid becoming the largest U.S. city to file for bankruptcy.

2012 Indiana Tornadoes Aftermath: Snow Covers Damaged Homes, Debris After Tornadoes Ravage U.S. [PHOTOS]

More than three inches of snow fell in Kentucky and Indiana late Sunday. The snowfall is the latest in a nearly week-long storm that has devastated homes throughout the Midwest and South, killing 39 people and injuring hundreds across five states. Take a look at photos of the snow that followed more than 40 tornadoes in the region.