Developments : Mortgage Rate Cut: Good News for New York City Renters?
Heard on the Runway : Lunchtime Snap: The New Bling in this Economy
DJN: CORRECT: ICE CDS Clearing Approved By NY State Banking Dept
DJN: Glaxo To Argue Against New Patent Rules In US Court Hearing
MW: Market Snapshot: U.S. stocks slide as auto executives look for rescue
Executives of the Big Three said they would be willing to work under a federal oversight board as a condition for receiving financial aid from the government.
![[Condoleezza Rice]](http://s.wsj.net/public/resources/images/OB-CT652_rice2__A_20081204121832.jpg)
With the U.S. pressing for action against militants, Rice said Pakistan's president pledged to go after anyone connected to the Mumbai attacks.
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Bernanke urged the government to consider sweeping steps to prevent foreclosures, including buying risky mortgages and refinancing them under more favorable terms to homeowners.
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Retailers reported some of the weakest sales figures in years with many missing downbeat expectations, as the economic slowdown hit holiday spending. Wal-Mart topped forecasts.
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Citadel Investment Group lost about 13% in November, bringing the Chicago hedge fund giant's investment decline this year to 47%, according to investors.
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![[Ondine's Curse]](http://s.wsj.net/public/resources/images/PJ-AN763_pjONDI_A_20081203184522.jpg)
A child nearly stops breathing, sending her mother on a quest to learn the cause of her daughter's symptoms.
![[Amazon Kindle]](http://s.wsj.net/public/resources/images/OB-CT576_kindle_A_20081203194620.jpg)
For the second season, Amazon's Kindle is out of stock. A look at the device and other e-book options.
![[china quake]](http://s.wsj.net/public/resources/images/P1-AN854A_Speed_A_20081203172828.jpg)
In Sichuan, bereaved parents who lost their only child in the May quake are using government subsidies to help their odds of conceiving again.
Russia hopes to increase its nuclear-power presence in India and gain ground against Western suppliers with plans to sign a deal this week, during a state visit by Medvedev.
The chiefs of the Big Three auto makers said they would be willing to work under the supervision of a federal oversight board as a condition for receiving financial aid from the government.
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![[Nomura]](http://s.wsj.net/public/resources/images/OB-CT598_Nomura_A_20081204062927.jpg)
Nomura said it will lay off up to 1,000 staff members in London, in a bid to cut costs after purchasing Lehman Brothers' equities and investment-banking operations in Europe.
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Chip maker AMD said fourth-quarter sales would plunge 25% from the third quarter, amid a global slump in demand for semiconductors.
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![[Cheapskate]](http://s.wsj.net/public/resources/images/OB-CT573_CHEAP__A_20081203192022.jpg)
Neal Templin on the marital-harmony component of his and his wife's financial decision-making arrangement.
![[Art Gallery of Ontario]](http://s.wsj.net/public/resources/images/ED-AI649_AGO1_A_20081203125049.jpg)
While dramatic in places, Frank Gehry's $276 million renovation of the Art Gallery of Ontario can be refreshingly discreet.
![[Finding Fun in Fantasy's Dead Zone]](http://s.wsj.net/public/resources/images/OB-CT571_Fantas_A_20081203180620.jpg)
Suggestions to satisfy a fantasy addict stuck in the quiet period between the end of football season and the start of baseball.
![[Commentary]](http://s.wsj.net/public/resources/images/OB-CT586_oj_ing_A_20081203214321.jpg)
Barack Obama's opening to practice some tough love.
![[Your Money Matters]](http://s.wsj.net/public/resources/images/OB-CT288_ym_cha_C_20081201163622.jpg)
Want to be charitable in a big way? Consider tapping your employer for support. Although they often don't advertise the fact, many companies are very flexible about backing employees' volunteer efforts.
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![[J.P. Morgan Seizes Fund's Collateral]](http://s.wsj.net/public/resources/images/OB-CT601_jpmorg_C_20081204092701.jpg)
J.P. Morgan seized tens of millions of dollars of collateral from a fund run by Guggenheim and started to auction it off following the fund's failure to come up with additional capital to meet margin calls.
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A group of major discounters, including eBay and Costco, is set to call for new laws blocking manufacturers from setting minimum prices, a move that may ratchet up a battle with the powerful industry that monitors product prices.
Pakistanis protest as tensions with India rise, Israeli soldiers remove hardline settlers, Muslims mark a key religious festival and more.
![[Wonder Land]](http://s.wsj.net/public/resources/images/ED-AI653_wl1204_A_20081203173552.jpg)
"Traits of the frontier" still shape America, even if the left doesn't like it, writes Daniel Henninger.
![[Cheapskate]](http://s.wsj.net/public/resources/images/OB-CT573_CHEAP__A_20081203192022.jpg)
Neal Templin on the marital-harmony component of his and his wife's financial decision-making arrangement.
![[Best Eco-Friendly Dry Cleaners]](http://s.wsj.net/public/resources/images/PJ-AN756_pjCRAN_A_20081203203608.jpg)
A look at how a handful of dry cleaners hawking "organic" and "eco-friendly" services stacked up.
![[Help Wanted: Massive Bureaucracy Promises Exciting New Opportunity]](http://s.wsj.net/public/resources/images/NA-AU434_SERVIC_A_20081203165724.jpg)
President-elect Obama has promised to make it cool to work for the federal government again. Is that possible?
![[How and When to Hunt for Deals]](http://s.wsj.net/public/resources/images/PJ-AN769_pjFASH_A_20081203172454.jpg)
Amid the many sales, there's an art to finding the deepest discounts and knowing the best time to buy.
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