The U.S. Senate passed the Frank-Dodd financial reform bill aimed at preventing a repeat of the 2008 credit crisis.

Earlier this week, India unveiled its recent election results which were overwhelmingly in favor of Prime Minister Manmohan Singh. Singh (center) has worked to allow the country’s leading entrepreneurs to build businesses with little interference from government, with the end goal of creating a free market. (http://newkerala.com)

BY KIRAN SOOD –

BY MARJORIE KORN — MEDILL NEWS SERVICE

Last week Alan Greenspan, former Maestro and chairman of the Federal Reserve Board, said his mea culpas for allowing interest rates to stay so low for so long, making lending and borrowing too easy.

Those with a taste for irony got their fill [...]

By MARJORIE KORN – MEDILL NEWS SERVICE

Wall Street groans when Congress gets involved in its day-to-day activities, but Main Street is applauding S. 3268, the Stop Excessive Energy Speculation Act of 2008, introduced by Sen. Harry Reid of Nevada.

The bill seeks to reduce the amount [...]

BY PATRICK TEMPLE-WEST – MEDILL NEWS SERVICE

In light of Bear Stearns investigation of short selling, is such an investigation required by shareholders?

CME cannot respond directly to specific questions like that, Donohue said. We would refer that to the proper authorities, but as a matter of policy, we do not comment on that.

Should the [...]

BY PATRICK TEMPLE-WEST – MEDILL NEWS SERVICE

We’re reporting live from the CME Group shareholders meeting at the University of Chicago Gleacher Center. Thanks to a former U of C student named Scott, whose login and password to the wireless are making these posts possible. Thanks Scott!

The wet weather has not dimmed the enthusiasm [...]