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Green shoots: Senate extends unemployment benefits by up to 20 weeks

After weeks of partisan debate, the Senate voted on Wednesday to lengthen unemployment benefits by up to 20 weeks and to extend the $8,000 homebuyer tax credit.

The closely watched legislation would extend jobless benefits in all states by 14 weeks. Those that live in states with unemployment greater than 8.5% would receive an additional six weeks. [...]

Ukraine shuts schools amid H1N1 fears

In Ukraine, schools have been closed, all public events have been banned and restrictions imposed on people’s movements after the country confirmed its first death from H1N1 swine flu.

Prime Minister Yulia Tymoshenko announced a three-week period of precautionary measures and health officials are said to be considering introducing quarantine across the country..

An outbreak of flu and [...]

Georgia’s FirstCity Bank becomes 18th failure of 2009

Stockbridge, Ga.-based FirstCity Bank was closed by regulators Friday, marking the 18th U.S. bank failure of 2009. The Federal Deposit Insurance Corporation said in a statement that it will mail checks to insured depositors Monday morning, and that FirstCity’s direct deposits from the federal government such as Social Security and Veterans’ payments will be [...]