Madonna falls from horse in NY, gets bruised (AP)

In this Sunday, Feb. 22, 2009 file photo, Madonna arrives at the Vanity Fair Oscar party , in West Hollywood, Calif. Madonna has taken a tumble while horseback riding in New York’s Hamptons and has suffered ‘minor injuries’ and bruises. A spokeswoman says the pop star fell Saturday afternoon when the horse was startled by paparazzi who ‘jumped out of the bushes’ to photograph her. AP – Madonna has taken a tumble while horseback riding in New York’s Hamptons and has suffered minor injuries and bruises.

Financial innovation shouldn’t be banned, Bernanke says

WASHINGTON (MarketWatch) – Financial innovation has created products so complex that they are positively harmful to consumers and to the economy, but the answer isn’t to flatly prohibit new services, Federal Reserve Chairman Ben Bernanke said Friday. Financial innovation has improved access to credit, reduced costs, and increased choice, he said. But the recent experience has shown that new products can misfire. Bernanke said that regulation should not prevent innovation, rather it should ensure that innovations are sufficiently transparent and understandable to allow consumer choice to drive good market outcomes. Bernanke made no comments about the current economic outlook in his remarks.

Hill Country Galleria posted for foreclosure – Bizjournals.com/b/ibrtable

Hill Country Galleria posted for foreclosure just two years after the massive outdoor mall opened with great fanfare in Bee Cave, the Hill Country Galleria has been posted for foreclosure. The $192 million property anchored by Dillard’s, Dick’s Sporting Goods and others has been unable to…

Government officials are in the pocket of Wall Street, how can we expect them to identify and defuse problems before they turn into catastrophes?

Government To Bail Out Mortgage Giants : NPR

The U.S. government is poised to take control of Fannie Mae and Freddie Mac, according to a number of reports published on Saturday. The reports, quoting unidentified officials…

LaVaughn Henry sees the Inland Empire’s drop in home prices bottoming out sometime in 2010, maybe as late as December. But a “renewed growth will be fairly tepid,” he said about neighborhoods across California. The senior director of market economics Click Here