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A taxpayer bailout may be needed at FHA
A boarded up home is seen on April 6, 2011 in Richmond, California.
April 12th, 2013
05:37 PM ET

A taxpayer bailout may be needed at FHA

By Barbara Hall, CNN

Editor's Note: Listen to the full story in our player above, and join the conversation in our comments section below.

(CNN) – This week President Obama released his $3.7 trillion budget. Even though there's added spending in it, the White House argues that spending will help the economy grow. Not surprisingly, Republicans say it's not fiscally responsible.

Among the budget line items Republicans don't like is the prediction that the Federal Housing Administration, or FHA, will need a $943 million bailout. Real estate and personal finance expert Ilyce Glink says that's because the FHA is required to have a capital cushion of 2 percent of its loan balances. Currently, it doesn't.

[1:34] “The problem is, with the Great Recession, the number of people who have gone into foreclosure has been huge.” FULL POST

CNN Radio News Day: April 12, 2013
US Secretary of State John Kerry (3rd L) is welcomed and escorted by US Ambasador to South Korea Sung Y. Kim (2nd L) and deputy director general of South Korea's Foriegn Ministry, Moon Seoung-hyun (2nd R), in front of a traditional honour guard (R and L) at Seoul air base on April 12, 2013. Kerry was expected to meet South Korean officials for discussion on North Korea and its expected missile launch.
April 12th, 2013
04:50 PM ET

CNN Radio News Day: April 12, 2013

CNN Radio News Day is an evening news program providing an informative, thoughtful and creative look at the day's events. It's posted Monday through Friday at 4:30 pm ET.

You don’t have to be at this blog to listen, we want you to take us with you! Click the download button in the SoundCloud player and put us on your smart phone or tablet and bring us with you in the car, on the train or while you’re working out.

(CNN) – Welcome to CNN Radio News Day.

  • Secretary of State John Kerry visited Seoul today to try to ease some of the tension that's been building in the Korean Peninsula. Kerry met with South Korea's president and military leaders in charge of 28,000 U.S. troops stationed in the country's capital. He said the U.S. will hold off on a number of military exercises, and is lowering its rhetoric. CNN's Anna Coren in Seoul, says Kerry's comments could be seen as an olive branch:

"He did seem to open the door for diplomacy.  Basically the United States will talk to North Korea if it's serious about de-nuclearization." FULL POST

April 12th, 2013
11:20 AM ET

California gets ready for healthcare reform

By Jim Roope, CNN

Follow on Twitter: @JimRoopeCNN

Editor's Note: Listen to the full story in our player above, and join the conversation in our comments section below.

(CNN) – California is one of 17 states in the nation that has taken the federal government up on the option to roll out healthcare reform on its own.

The state will screen, pick and offer insurance plans to nearly 6 million residents who, under the new law, must have it by January 1, 2104. Peter Lee, the executive director of California’s healthcare exchange said it’s a complicated task, but California is too diverse for a one-size-fits-all plan or a free-for-all of providers.

[1:08] “It’s the biggest overhaul of healthcare since we launched Medicare 50 years ago; a total game-changer for health insurance in American…and California.”

Dr. Thomas Mahoney, Chief Medical Officer for CommuniCare Community Health Clinics in Sacramento, says six-million more Californians with health insurance doesn’t necessarily mean six-million new patients flooding doctors’ offices across the state.

FULL POST

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Filed under: Health • Soundwaves • Stories
CNN Profiles: What moves Clive Davis?
Clive Davis with singer Janis Joplin, who Davis signed after seeing her performance at the Monterey Pop music festival in 1967.
April 12th, 2013
06:59 AM ET

CNN Profiles: What moves Clive Davis?

Hosted by Michael Schulder

Follow Michael at: www.wavemaker.me

Editor's Note: Listen to the full interview in our player above, and join the conversation in our comments section below.

(CNN) - Which of the following musicians does not belong with the others?

Janis Joplin. Bob Dylan. Whitney Houston. Barry Manilow.

Carlos Santana. The Grateful Dead, Miles Davis, Alicia Keys, Patti Smith, Notorious B.I.G.

Answer: they all belong together. They have been together - under the same umbrella - because of the man featured in this edition of CNN Profiles.

Clive Davis is that man.

Nobody would ever have pegged a young Clive Davis as destined for a career in the music industry. FULL POST

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Filed under: CNN Profiles • Culture • Entertainment • Profiles • Voices