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7 Arrested in California Mortgage Fraud Ring

LOS ANGELES – California authorities said Tuesday they filed a lawsuit and made seven arrests in a mortgage fraud case involving seven companies and thousands of homebuyers in Southern California. Attorney General Jerry Brown said his office was seeking penalties and restitution of more than $20 million in the bait-and-switch …

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Long-Lost Time Capsule Found in Hawaii

HONOLULU – Using radar equipment along a wall of a landmark Hawaiian building, military specialists Saturday quickly located a time capsule buried more than a century ago by King Kamehameha V. Historians knew the capsule contained priceless pieces of the islands’ history, including photos of royal families dating back to …

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Budget Deficit Surges in November

WASHINGTON – The federal government’s budget deficit rose sharply in November as spending raced ahead of tax receipts. The Treasury Department reported Monday that the deficit totaled $83.1 billion, the highest imbalance ever recorded in November. For the first two months of the 2006 budget year, which began Oct. 1, …

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