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  • In this Feb. 8, 2011 file photo, U.S. Rep. Maxine Waters, D-Calif., speaks during news conference on a Woman's Right to Choose on Capitol Hill in Washington. The House Ethics Committee will hold a hearing Friday, Sept. 21, 2012.

    The California Democrat won't be charged on allegations she steered a $12 million federal bailout to a bank where her husband owns stock.

    LAST UPDATE : Dec 07, 2012, 11:00 PM EST
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  •  In this June 26, 2012 file photo, Spain's Economy Minister Luis De Guindos speaks during a meeting in Madrid. Spain’s government Friday Aug. 30, 2012 approved a major new financial sector reform that creates a "bad bank" to contain toxic property investments and gives the central bank more powers to shut down troubled lenders. The royal decree reform is the fifth such package Spain has introduced since the economic crisis began in 2008.

     

    The Spanish government will immediately recapitalize Bankia after the troubled lender announced first-half losses of €4.4 billion.

    LAST UPDATE : Dec 06, 2012, 3:00 AM EST
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  •  In this Monday, Aug. 7, 2006, file photo, Travis Goodman fishes on Flat Creek, near Jackson, Wyo. Every August, the world’s financial markets shift their attention from the centers of global commerce to a mountain valley in northwest Wyoming. The event now draws dozens of the biggest names in economics and finance.

    JACKSON HOLE, Wyo. (AP) — Every August, the world's financial markets shift their attention from the centers of global commerce — New York, London, Tokyo — to a mountain valley in northwest Wyoming. On Friday, they will hear a speech by Federal Reserve Chairman Ben Bernanke.

    So how did Jackson Hole, Wyo., come to wield such outsize importance in global economic affairs?

    In a word, trout.

    LAST UPDATE : Dec 06, 2012, 2:30 AM EST
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