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(CNN) -- Following the World Health Organization's announcement that radio frequency emissions from cell phones may increase the risk of some kinds of brain cancer, what do you need to know about the radiation coming from your phone? How can you protect yourself? And should RF emission information be listed on cell phone packaging, and in stores? First things first: The WHO study did not say "cell phones cause brain cancer." Rather, there is some evidence indicating a possible connection -- and while not conclusive, it warrants further study. Consequently, WHO has now categorized radio frequency electromagnetic fields as a "group 2B" possible human carcinogen. Here's how Ed Yong, head of health information at Cancer Research UK, explained it in his detailed analysis of the WHO announcement: "Group 2B means that there is some evidence for a risk but it's not that convincing. This group ends up being a bit of a catch-all category, and includes everything from carpentry to chloroform." Dr. Gupta: Cell phones, brain tumors So it's worth being aware of this classification -- just as you should be mindful of your intake of coffee, another group 2B carcinogen. But this announcement is not a reason to panic. Would labels help? San Francisco has been wrestling with whether to require cell phones to be labeled for their RF emissions. Last year, the city tried to mandate cell phone radiation labeling in stores, originally to take effect February 2011. But according to the San Francisco Chronicle, "implementation was delayed until May 1, then June 15. There now is no proposed start date." The city backtracked on this partly out of concern over a lawsuit filed by the Cellular Telecommunications and Internet Association -- but also because officials didn't know how to ensure the accuracy of the labels. Scientists aren't sure what's the most realistic, intuitive way to communicate cell phone RF emissions to consumers. Specific absorption rate, a measure of the rate of RF energy that your body absorbs from the phone, is the most commonly cited benchmark. For a phone to be certified by the FCC and sold in the U.S., for example, its maximum SAR level must be less than 1.6 watts per kilogram. But Joel Moskowitz, director of the Center for Family and Community Health at University of California, Berkeley, told the Chronicle that "specific absorption rate isn't a very useful measure because it's the peak reading on a variety of tests conducted on cell phones to measure their radiation, but doesn't indicate the average amount of radiation a user would generally be exposed to." He likened it to a car's gas mileage being reported only based on driving it up a steep hill. Such a measurement could actually make a car shopper avoid a hybrid because it doesn't perform well on hills, even though it would generally consume less gas. CNET recently updated its guide to cell phone radiation levels, which ranks phones according to SAR. Cell phones and radiation: The 10 highest- and lowest-emitting models What cell phone users can do If you are concerned that cell phones might increase your cancer risk, probably the best way to put the WHO announcement to good use is to minimize how much you hold your cell phone next to your head. More tips on minimizing cell phone radiation Your best bet is to use a headset that physically plugs in to your phone, such as earbuds with a microphone attached. Unlike Bluetooth headsets, this entails no additional RF exposure near your head -- although it may take a moment to connect your headset to your phone. While the WHO examined only the possible risk of brain cancer, you can further reduce your cell phone RF exposure by placing your phone a few inches away from your body while using it -- such as in a purse or on the table. Or whenever possible, talk via your phone's speaker function, or send a text message instead of placing a call. The opinions expressed in this commentary are solely those of Amy Gahran.

What group are they in?

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Consequently, WHO has now categorized radio frequency electromagnetic fields as a "group 2B" possible human carcinogen. Here's how Ed Yong, head of health information at Cancer Research UK, explained it in his detailed analysis of the WHO announcement: "Group 2B means that there is some evidence for a risk but it's not that convincing. This group ends up being a bit of a catch-all category, and includes everything from carpentry to chloroform." This group ends up being a bit of a catch-all category, and includes everything from carpentry to chloroform." Dr. Gupta: Cell phones, brain tumors So it's worth being aware of this classification -- just as you should be mindful of your intake of coffee, another group 2B carcinogen. But this announcement is not a reason to panic. Would labels help? San Francisco has been wrestling with whether to require cell phones to be labeled for their RF emissions. First things first: The WHO study did not say "cell phones cause brain cancer." Rather, there is some evidence indicating a possible connection -- and while not conclusive, it warrants further study. Consequently, WHO has now categorized radio frequency electromagnetic fields as a "group 2B" possible human carcinogen. CNET recently updated its guide to cell phone radiation levels, which ranks phones according to SAR. Cell phones and radiation: The 10 highest- and lowest-emitting models What cell phone users can do If you are concerned that cell phones might increase your cancer risk, probably the best way to put the WHO announcement to good use is to minimize how much you hold your cell phone next to your head. There now is no proposed start date." The city backtracked on this partly out of concern over a lawsuit filed by the Cellular Telecommunications and Internet Association -- but also because officials didn't know how to ensure the accuracy of the labels. Scientists aren't sure what's the most realistic, intuitive way to communicate cell phone RF emissions to consumers. Specific absorption rate, a measure of the rate of RF energy that your body absorbs from the phone, is the most commonly cited benchmark. But Joel Moskowitz, director of the Center for Family and Community Health at University of California, Berkeley, told the Chronicle that "specific absorption rate isn't a very useful measure because it's the peak reading on a variety of tests conducted on cell phones to measure their radiation, but doesn't indicate the average amount of radiation a user would generally be exposed to." He likened it to a car's gas mileage being reported only based on driving it up a steep hill. Cell phones and radiation: The 10 highest- and lowest-emitting models What cell phone users can do If you are concerned that cell phones might increase your cancer risk, probably the best way to put the WHO announcement to good use is to minimize how much you hold your cell phone next to your head. More tips on minimizing cell phone radiation Your best bet is to use a headset that physically plugs in to your phone, such as earbuds with a microphone attached. San Francisco has been wrestling with whether to require cell phones to be labeled for their RF emissions. Last year, the city tried to mandate cell phone radiation labeling in stores, originally to take effect February 2011. But according to the San Francisco Chronicle, "implementation was delayed until May 1, then June 15. There now is no proposed start date." Specific absorption rate, a measure of the rate of RF energy that your body absorbs from the phone, is the most commonly cited benchmark. For a phone to be certified by the FCC and sold in the U.S., for example, its maximum SAR level must be less than 1.6 watts per kilogram. (CNN) -- Following the World Health Organization's announcement that radio frequency emissions from cell phones may increase the risk of some kinds of brain cancer, what do you need to know about the radiation coming from your phone? How can you protect yourself? And should RF emission information be listed on cell phone packaging, and in stores? First things first: The WHO study did not say "cell phones cause brain cancer." For a phone to be certified by the FCC and sold in the U.S., for example, its maximum SAR level must be less than 1.6 watts per kilogram. But Joel Moskowitz, director of the Center for Family and Community Health at University of California, Berkeley, told the Chronicle that "specific absorption rate isn't a very useful measure because it's the peak reading on a variety of tests conducted on cell phones to measure their radiation, but doesn't indicate the average amount of radiation a user would generally be exposed to." He likened it to a car's gas mileage being reported only based on driving it up a steep hill. Such a measurement could actually make a car shopper avoid a hybrid because it doesn't perform well on hills, even though it would generally consume less gas. CNET recently updated its guide to cell phone radiation levels, which ranks phones according to SAR. Or whenever possible, talk via your phone's speaker function, or send a text message instead of placing a call. The opinions expressed in this commentary are solely those of Amy Gahran. Unlike Bluetooth headsets, this entails no additional RF exposure near your head -- although it may take a moment to connect your headset to your phone. While the WHO examined only the possible risk of brain cancer, you can further reduce your cell phone RF exposure by placing your phone a few inches away from your body while using it -- such as in a purse or on the table. Or whenever possible, talk via your phone's speaker function, or send a text message instead of placing a call. More tips on minimizing cell phone radiation Your best bet is to use a headset that physically plugs in to your phone, such as earbuds with a microphone attached. Unlike Bluetooth headsets, this entails no additional RF exposure near your head -- although it may take a moment to connect your headset to your phone.

(CNN) -- Manchester City have confirmed that absent Brazilian striker Robinho will be back in time for the Premier League side's return to training next week. Robinho had a reputation for partying prior to his British-record transfer to Manchester City last August. City manager Mark Hughes told the club's official Web site that Robinho, who cost mega-rich City a British record fee of £32.5 million ($45m) when he signed from Real Madrid in August, will be spoken to after not joining the rest of the squad in a Tenerife training camp this week -- choosing instead to fly to Brazil to attend to a family matter. Hughes told mcfc.co.uk: "Robbie left without permission, he felt that he had personal things that he needed to attend to. "He made the decision to leave the camp, and go back to Brazil. That was not with my permission, and the situation at the moment is not really practical to get him back here with time differences and length of flights, so he will be back at the weekend ready to train when we are back in Manchester at the first available opportunity. "Once he is back, I will sit down with him and explain my feelings, and decisions will be made after that. He has rung me, and he understands that we need to address this -- and we will. Then we will move on. Robinho's decision to fly to Brazil came on the same day that City announced they were pulling out of a world record transfer move for AC Milan star Kaka, a Brazilian team-mate of Robinho. However. Hughes has insisted that that two matters are completely unrelated. Robinho is no stranger to controversy and had a reputation as a party-goer prior to his move to Manchester last year. He was dropped by his former Madrid coach, and now England national coach, Fabio Capello, who questioned his attitude and Robinho's eventual departure from the Spanish club was acrimonious. In fact, in October 2007, Robinho failed to return to Madrid after appearing for Brazil in an international match, claiming he had missed his flight. Local newspapers later revealed that he had been seen partying in a popular Rio de Janeiro nightclub and he was subsequently fined and dropped by the club.

Who is Robinho?

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Robinho is no stranger to controversy and had a reputation as a party-goer prior to his move to Manchester last year. He was dropped by his former Madrid coach, and now England national coach, Fabio Capello, who questioned his attitude and Robinho's eventual departure from the Spanish club was acrimonious. In fact, in October 2007, Robinho failed to return to Madrid after appearing for Brazil in an international match, claiming he had missed his flight. He has rung me, and he understands that we need to address this -- and we will. Then we will move on. Robinho's decision to fly to Brazil came on the same day that City announced they were pulling out of a world record transfer move for AC Milan star Kaka, a Brazilian team-mate of Robinho. However. Hughes has insisted that that two matters are completely unrelated. Robinho is no stranger to controversy and had a reputation as a party-goer prior to his move to Manchester last year. (CNN) -- Manchester City have confirmed that absent Brazilian striker Robinho will be back in time for the Premier League side's return to training next week. Robinho had a reputation for partying prior to his British-record transfer to Manchester City last August. Robinho had a reputation for partying prior to his British-record transfer to Manchester City last August. City manager Mark Hughes told the club's official Web site that Robinho, who cost mega-rich City a British record fee of £32.5 million ($45m) when he signed from Real Madrid in August, will be spoken to after not joining the rest of the squad in a Tenerife training camp this week -- choosing instead to fly to Brazil to attend to a family matter. In fact, in October 2007, Robinho failed to return to Madrid after appearing for Brazil in an international match, claiming he had missed his flight. Local newspapers later revealed that he had been seen partying in a popular Rio de Janeiro nightclub and he was subsequently fined and dropped by the club. City manager Mark Hughes told the club's official Web site that Robinho, who cost mega-rich City a British record fee of £32.5 million ($45m) when he signed from Real Madrid in August, will be spoken to after not joining the rest of the squad in a Tenerife training camp this week -- choosing instead to fly to Brazil to attend to a family matter. Hughes told mcfc.co.uk: "Robbie left without permission, he felt that he had personal things that he needed to attend to. That was not with my permission, and the situation at the moment is not really practical to get him back here with time differences and length of flights, so he will be back at the weekend ready to train when we are back in Manchester at the first available opportunity. "Once he is back, I will sit down with him and explain my feelings, and decisions will be made after that. He has rung me, and he understands that we need to address this -- and we will. Hughes told mcfc.co.uk: "Robbie left without permission, he felt that he had personal things that he needed to attend to. "He made the decision to leave the camp, and go back to Brazil. That was not with my permission, and the situation at the moment is not really practical to get him back here with time differences and length of flights, so he will be back at the weekend ready to train when we are back in Manchester at the first available opportunity.

(CNN) -- Manchester City have confirmed that absent Brazilian striker Robinho will be back in time for the Premier League side's return to training next week. Robinho had a reputation for partying prior to his British-record transfer to Manchester City last August. City manager Mark Hughes told the club's official Web site that Robinho, who cost mega-rich City a British record fee of £32.5 million ($45m) when he signed from Real Madrid in August, will be spoken to after not joining the rest of the squad in a Tenerife training camp this week -- choosing instead to fly to Brazil to attend to a family matter. Hughes told mcfc.co.uk: "Robbie left without permission, he felt that he had personal things that he needed to attend to. "He made the decision to leave the camp, and go back to Brazil. That was not with my permission, and the situation at the moment is not really practical to get him back here with time differences and length of flights, so he will be back at the weekend ready to train when we are back in Manchester at the first available opportunity. "Once he is back, I will sit down with him and explain my feelings, and decisions will be made after that. He has rung me, and he understands that we need to address this -- and we will. Then we will move on. Robinho's decision to fly to Brazil came on the same day that City announced they were pulling out of a world record transfer move for AC Milan star Kaka, a Brazilian team-mate of Robinho. However. Hughes has insisted that that two matters are completely unrelated. Robinho is no stranger to controversy and had a reputation as a party-goer prior to his move to Manchester last year. He was dropped by his former Madrid coach, and now England national coach, Fabio Capello, who questioned his attitude and Robinho's eventual departure from the Spanish club was acrimonious. In fact, in October 2007, Robinho failed to return to Madrid after appearing for Brazil in an international match, claiming he had missed his flight. Local newspapers later revealed that he had been seen partying in a popular Rio de Janeiro nightclub and he was subsequently fined and dropped by the club.

He fly to Brazil for what?

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He has rung me, and he understands that we need to address this -- and we will. Then we will move on. Robinho's decision to fly to Brazil came on the same day that City announced they were pulling out of a world record transfer move for AC Milan star Kaka, a Brazilian team-mate of Robinho. However. Hughes has insisted that that two matters are completely unrelated. Robinho is no stranger to controversy and had a reputation as a party-goer prior to his move to Manchester last year. City manager Mark Hughes told the club's official Web site that Robinho, who cost mega-rich City a British record fee of £32.5 million ($45m) when he signed from Real Madrid in August, will be spoken to after not joining the rest of the squad in a Tenerife training camp this week -- choosing instead to fly to Brazil to attend to a family matter. Hughes told mcfc.co.uk: "Robbie left without permission, he felt that he had personal things that he needed to attend to. In fact, in October 2007, Robinho failed to return to Madrid after appearing for Brazil in an international match, claiming he had missed his flight. Local newspapers later revealed that he had been seen partying in a popular Rio de Janeiro nightclub and he was subsequently fined and dropped by the club. Hughes told mcfc.co.uk: "Robbie left without permission, he felt that he had personal things that he needed to attend to. "He made the decision to leave the camp, and go back to Brazil. That was not with my permission, and the situation at the moment is not really practical to get him back here with time differences and length of flights, so he will be back at the weekend ready to train when we are back in Manchester at the first available opportunity. Robinho had a reputation for partying prior to his British-record transfer to Manchester City last August. City manager Mark Hughes told the club's official Web site that Robinho, who cost mega-rich City a British record fee of £32.5 million ($45m) when he signed from Real Madrid in August, will be spoken to after not joining the rest of the squad in a Tenerife training camp this week -- choosing instead to fly to Brazil to attend to a family matter. Robinho is no stranger to controversy and had a reputation as a party-goer prior to his move to Manchester last year. He was dropped by his former Madrid coach, and now England national coach, Fabio Capello, who questioned his attitude and Robinho's eventual departure from the Spanish club was acrimonious. In fact, in October 2007, Robinho failed to return to Madrid after appearing for Brazil in an international match, claiming he had missed his flight. (CNN) -- Manchester City have confirmed that absent Brazilian striker Robinho will be back in time for the Premier League side's return to training next week. Robinho had a reputation for partying prior to his British-record transfer to Manchester City last August. That was not with my permission, and the situation at the moment is not really practical to get him back here with time differences and length of flights, so he will be back at the weekend ready to train when we are back in Manchester at the first available opportunity. "Once he is back, I will sit down with him and explain my feelings, and decisions will be made after that. He has rung me, and he understands that we need to address this -- and we will.

(CNN) -- Manchester City have confirmed that absent Brazilian striker Robinho will be back in time for the Premier League side's return to training next week. Robinho had a reputation for partying prior to his British-record transfer to Manchester City last August. City manager Mark Hughes told the club's official Web site that Robinho, who cost mega-rich City a British record fee of £32.5 million ($45m) when he signed from Real Madrid in August, will be spoken to after not joining the rest of the squad in a Tenerife training camp this week -- choosing instead to fly to Brazil to attend to a family matter. Hughes told mcfc.co.uk: "Robbie left without permission, he felt that he had personal things that he needed to attend to. "He made the decision to leave the camp, and go back to Brazil. That was not with my permission, and the situation at the moment is not really practical to get him back here with time differences and length of flights, so he will be back at the weekend ready to train when we are back in Manchester at the first available opportunity. "Once he is back, I will sit down with him and explain my feelings, and decisions will be made after that. He has rung me, and he understands that we need to address this -- and we will. Then we will move on. Robinho's decision to fly to Brazil came on the same day that City announced they were pulling out of a world record transfer move for AC Milan star Kaka, a Brazilian team-mate of Robinho. However. Hughes has insisted that that two matters are completely unrelated. Robinho is no stranger to controversy and had a reputation as a party-goer prior to his move to Manchester last year. He was dropped by his former Madrid coach, and now England national coach, Fabio Capello, who questioned his attitude and Robinho's eventual departure from the Spanish club was acrimonious. In fact, in October 2007, Robinho failed to return to Madrid after appearing for Brazil in an international match, claiming he had missed his flight. Local newspapers later revealed that he had been seen partying in a popular Rio de Janeiro nightclub and he was subsequently fined and dropped by the club.

Where did Robinho fly to?

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In fact, in October 2007, Robinho failed to return to Madrid after appearing for Brazil in an international match, claiming he had missed his flight. Local newspapers later revealed that he had been seen partying in a popular Rio de Janeiro nightclub and he was subsequently fined and dropped by the club. He has rung me, and he understands that we need to address this -- and we will. Then we will move on. Robinho's decision to fly to Brazil came on the same day that City announced they were pulling out of a world record transfer move for AC Milan star Kaka, a Brazilian team-mate of Robinho. However. Hughes has insisted that that two matters are completely unrelated. Robinho is no stranger to controversy and had a reputation as a party-goer prior to his move to Manchester last year. Robinho is no stranger to controversy and had a reputation as a party-goer prior to his move to Manchester last year. He was dropped by his former Madrid coach, and now England national coach, Fabio Capello, who questioned his attitude and Robinho's eventual departure from the Spanish club was acrimonious. In fact, in October 2007, Robinho failed to return to Madrid after appearing for Brazil in an international match, claiming he had missed his flight. Robinho had a reputation for partying prior to his British-record transfer to Manchester City last August. City manager Mark Hughes told the club's official Web site that Robinho, who cost mega-rich City a British record fee of £32.5 million ($45m) when he signed from Real Madrid in August, will be spoken to after not joining the rest of the squad in a Tenerife training camp this week -- choosing instead to fly to Brazil to attend to a family matter. City manager Mark Hughes told the club's official Web site that Robinho, who cost mega-rich City a British record fee of £32.5 million ($45m) when he signed from Real Madrid in August, will be spoken to after not joining the rest of the squad in a Tenerife training camp this week -- choosing instead to fly to Brazil to attend to a family matter. Hughes told mcfc.co.uk: "Robbie left without permission, he felt that he had personal things that he needed to attend to. (CNN) -- Manchester City have confirmed that absent Brazilian striker Robinho will be back in time for the Premier League side's return to training next week. Robinho had a reputation for partying prior to his British-record transfer to Manchester City last August. Hughes told mcfc.co.uk: "Robbie left without permission, he felt that he had personal things that he needed to attend to. "He made the decision to leave the camp, and go back to Brazil. That was not with my permission, and the situation at the moment is not really practical to get him back here with time differences and length of flights, so he will be back at the weekend ready to train when we are back in Manchester at the first available opportunity. That was not with my permission, and the situation at the moment is not really practical to get him back here with time differences and length of flights, so he will be back at the weekend ready to train when we are back in Manchester at the first available opportunity. "Once he is back, I will sit down with him and explain my feelings, and decisions will be made after that. He has rung me, and he understands that we need to address this -- and we will.

(CNN) -- Manchester City have confirmed that absent Brazilian striker Robinho will be back in time for the Premier League side's return to training next week. Robinho had a reputation for partying prior to his British-record transfer to Manchester City last August. City manager Mark Hughes told the club's official Web site that Robinho, who cost mega-rich City a British record fee of £32.5 million ($45m) when he signed from Real Madrid in August, will be spoken to after not joining the rest of the squad in a Tenerife training camp this week -- choosing instead to fly to Brazil to attend to a family matter. Hughes told mcfc.co.uk: "Robbie left without permission, he felt that he had personal things that he needed to attend to. "He made the decision to leave the camp, and go back to Brazil. That was not with my permission, and the situation at the moment is not really practical to get him back here with time differences and length of flights, so he will be back at the weekend ready to train when we are back in Manchester at the first available opportunity. "Once he is back, I will sit down with him and explain my feelings, and decisions will be made after that. He has rung me, and he understands that we need to address this -- and we will. Then we will move on. Robinho's decision to fly to Brazil came on the same day that City announced they were pulling out of a world record transfer move for AC Milan star Kaka, a Brazilian team-mate of Robinho. However. Hughes has insisted that that two matters are completely unrelated. Robinho is no stranger to controversy and had a reputation as a party-goer prior to his move to Manchester last year. He was dropped by his former Madrid coach, and now England national coach, Fabio Capello, who questioned his attitude and Robinho's eventual departure from the Spanish club was acrimonious. In fact, in October 2007, Robinho failed to return to Madrid after appearing for Brazil in an international match, claiming he had missed his flight. Local newspapers later revealed that he had been seen partying in a popular Rio de Janeiro nightclub and he was subsequently fined and dropped by the club.

Where will Robinho return to?

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(CNN) -- Manchester City have confirmed that absent Brazilian striker Robinho will be back in time for the Premier League side's return to training next week. Robinho had a reputation for partying prior to his British-record transfer to Manchester City last August. In fact, in October 2007, Robinho failed to return to Madrid after appearing for Brazil in an international match, claiming he had missed his flight. Local newspapers later revealed that he had been seen partying in a popular Rio de Janeiro nightclub and he was subsequently fined and dropped by the club. Robinho is no stranger to controversy and had a reputation as a party-goer prior to his move to Manchester last year. He was dropped by his former Madrid coach, and now England national coach, Fabio Capello, who questioned his attitude and Robinho's eventual departure from the Spanish club was acrimonious. In fact, in October 2007, Robinho failed to return to Madrid after appearing for Brazil in an international match, claiming he had missed his flight. He has rung me, and he understands that we need to address this -- and we will. Then we will move on. Robinho's decision to fly to Brazil came on the same day that City announced they were pulling out of a world record transfer move for AC Milan star Kaka, a Brazilian team-mate of Robinho. However. Hughes has insisted that that two matters are completely unrelated. Robinho is no stranger to controversy and had a reputation as a party-goer prior to his move to Manchester last year. Robinho had a reputation for partying prior to his British-record transfer to Manchester City last August. City manager Mark Hughes told the club's official Web site that Robinho, who cost mega-rich City a British record fee of £32.5 million ($45m) when he signed from Real Madrid in August, will be spoken to after not joining the rest of the squad in a Tenerife training camp this week -- choosing instead to fly to Brazil to attend to a family matter. City manager Mark Hughes told the club's official Web site that Robinho, who cost mega-rich City a British record fee of £32.5 million ($45m) when he signed from Real Madrid in August, will be spoken to after not joining the rest of the squad in a Tenerife training camp this week -- choosing instead to fly to Brazil to attend to a family matter. Hughes told mcfc.co.uk: "Robbie left without permission, he felt that he had personal things that he needed to attend to. That was not with my permission, and the situation at the moment is not really practical to get him back here with time differences and length of flights, so he will be back at the weekend ready to train when we are back in Manchester at the first available opportunity. "Once he is back, I will sit down with him and explain my feelings, and decisions will be made after that. He has rung me, and he understands that we need to address this -- and we will. Hughes told mcfc.co.uk: "Robbie left without permission, he felt that he had personal things that he needed to attend to. "He made the decision to leave the camp, and go back to Brazil. That was not with my permission, and the situation at the moment is not really practical to get him back here with time differences and length of flights, so he will be back at the weekend ready to train when we are back in Manchester at the first available opportunity.

(CNN) -- Manchester City have confirmed that absent Brazilian striker Robinho will be back in time for the Premier League side's return to training next week. Robinho had a reputation for partying prior to his British-record transfer to Manchester City last August. City manager Mark Hughes told the club's official Web site that Robinho, who cost mega-rich City a British record fee of £32.5 million ($45m) when he signed from Real Madrid in August, will be spoken to after not joining the rest of the squad in a Tenerife training camp this week -- choosing instead to fly to Brazil to attend to a family matter. Hughes told mcfc.co.uk: "Robbie left without permission, he felt that he had personal things that he needed to attend to. "He made the decision to leave the camp, and go back to Brazil. That was not with my permission, and the situation at the moment is not really practical to get him back here with time differences and length of flights, so he will be back at the weekend ready to train when we are back in Manchester at the first available opportunity. "Once he is back, I will sit down with him and explain my feelings, and decisions will be made after that. He has rung me, and he understands that we need to address this -- and we will. Then we will move on. Robinho's decision to fly to Brazil came on the same day that City announced they were pulling out of a world record transfer move for AC Milan star Kaka, a Brazilian team-mate of Robinho. However. Hughes has insisted that that two matters are completely unrelated. Robinho is no stranger to controversy and had a reputation as a party-goer prior to his move to Manchester last year. He was dropped by his former Madrid coach, and now England national coach, Fabio Capello, who questioned his attitude and Robinho's eventual departure from the Spanish club was acrimonious. In fact, in October 2007, Robinho failed to return to Madrid after appearing for Brazil in an international match, claiming he had missed his flight. Local newspapers later revealed that he had been seen partying in a popular Rio de Janeiro nightclub and he was subsequently fined and dropped by the club.

who its City Manager?

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City manager Mark Hughes told the club's official Web site that Robinho, who cost mega-rich City a British record fee of £32.5 million ($45m) when he signed from Real Madrid in August, will be spoken to after not joining the rest of the squad in a Tenerife training camp this week -- choosing instead to fly to Brazil to attend to a family matter. Hughes told mcfc.co.uk: "Robbie left without permission, he felt that he had personal things that he needed to attend to. Robinho had a reputation for partying prior to his British-record transfer to Manchester City last August. City manager Mark Hughes told the club's official Web site that Robinho, who cost mega-rich City a British record fee of £32.5 million ($45m) when he signed from Real Madrid in August, will be spoken to after not joining the rest of the squad in a Tenerife training camp this week -- choosing instead to fly to Brazil to attend to a family matter. (CNN) -- Manchester City have confirmed that absent Brazilian striker Robinho will be back in time for the Premier League side's return to training next week. Robinho had a reputation for partying prior to his British-record transfer to Manchester City last August. Robinho is no stranger to controversy and had a reputation as a party-goer prior to his move to Manchester last year. He was dropped by his former Madrid coach, and now England national coach, Fabio Capello, who questioned his attitude and Robinho's eventual departure from the Spanish club was acrimonious. In fact, in October 2007, Robinho failed to return to Madrid after appearing for Brazil in an international match, claiming he had missed his flight. He has rung me, and he understands that we need to address this -- and we will. Then we will move on. Robinho's decision to fly to Brazil came on the same day that City announced they were pulling out of a world record transfer move for AC Milan star Kaka, a Brazilian team-mate of Robinho. However. Hughes has insisted that that two matters are completely unrelated. Robinho is no stranger to controversy and had a reputation as a party-goer prior to his move to Manchester last year. In fact, in October 2007, Robinho failed to return to Madrid after appearing for Brazil in an international match, claiming he had missed his flight. Local newspapers later revealed that he had been seen partying in a popular Rio de Janeiro nightclub and he was subsequently fined and dropped by the club. That was not with my permission, and the situation at the moment is not really practical to get him back here with time differences and length of flights, so he will be back at the weekend ready to train when we are back in Manchester at the first available opportunity. "Once he is back, I will sit down with him and explain my feelings, and decisions will be made after that. He has rung me, and he understands that we need to address this -- and we will. Hughes told mcfc.co.uk: "Robbie left without permission, he felt that he had personal things that he needed to attend to. "He made the decision to leave the camp, and go back to Brazil. That was not with my permission, and the situation at the moment is not really practical to get him back here with time differences and length of flights, so he will be back at the weekend ready to train when we are back in Manchester at the first available opportunity.

(CNN) -- Manchester City have confirmed that absent Brazilian striker Robinho will be back in time for the Premier League side's return to training next week. Robinho had a reputation for partying prior to his British-record transfer to Manchester City last August. City manager Mark Hughes told the club's official Web site that Robinho, who cost mega-rich City a British record fee of £32.5 million ($45m) when he signed from Real Madrid in August, will be spoken to after not joining the rest of the squad in a Tenerife training camp this week -- choosing instead to fly to Brazil to attend to a family matter. Hughes told mcfc.co.uk: "Robbie left without permission, he felt that he had personal things that he needed to attend to. "He made the decision to leave the camp, and go back to Brazil. That was not with my permission, and the situation at the moment is not really practical to get him back here with time differences and length of flights, so he will be back at the weekend ready to train when we are back in Manchester at the first available opportunity. "Once he is back, I will sit down with him and explain my feelings, and decisions will be made after that. He has rung me, and he understands that we need to address this -- and we will. Then we will move on. Robinho's decision to fly to Brazil came on the same day that City announced they were pulling out of a world record transfer move for AC Milan star Kaka, a Brazilian team-mate of Robinho. However. Hughes has insisted that that two matters are completely unrelated. Robinho is no stranger to controversy and had a reputation as a party-goer prior to his move to Manchester last year. He was dropped by his former Madrid coach, and now England national coach, Fabio Capello, who questioned his attitude and Robinho's eventual departure from the Spanish club was acrimonious. In fact, in October 2007, Robinho failed to return to Madrid after appearing for Brazil in an international match, claiming he had missed his flight. Local newspapers later revealed that he had been seen partying in a popular Rio de Janeiro nightclub and he was subsequently fined and dropped by the club.

who will return to Manchester City?

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(CNN) -- Manchester City have confirmed that absent Brazilian striker Robinho will be back in time for the Premier League side's return to training next week. Robinho had a reputation for partying prior to his British-record transfer to Manchester City last August. Robinho had a reputation for partying prior to his British-record transfer to Manchester City last August. City manager Mark Hughes told the club's official Web site that Robinho, who cost mega-rich City a British record fee of £32.5 million ($45m) when he signed from Real Madrid in August, will be spoken to after not joining the rest of the squad in a Tenerife training camp this week -- choosing instead to fly to Brazil to attend to a family matter. Robinho is no stranger to controversy and had a reputation as a party-goer prior to his move to Manchester last year. He was dropped by his former Madrid coach, and now England national coach, Fabio Capello, who questioned his attitude and Robinho's eventual departure from the Spanish club was acrimonious. In fact, in October 2007, Robinho failed to return to Madrid after appearing for Brazil in an international match, claiming he had missed his flight. That was not with my permission, and the situation at the moment is not really practical to get him back here with time differences and length of flights, so he will be back at the weekend ready to train when we are back in Manchester at the first available opportunity. "Once he is back, I will sit down with him and explain my feelings, and decisions will be made after that. He has rung me, and he understands that we need to address this -- and we will. He has rung me, and he understands that we need to address this -- and we will. Then we will move on. Robinho's decision to fly to Brazil came on the same day that City announced they were pulling out of a world record transfer move for AC Milan star Kaka, a Brazilian team-mate of Robinho. However. Hughes has insisted that that two matters are completely unrelated. Robinho is no stranger to controversy and had a reputation as a party-goer prior to his move to Manchester last year. Hughes told mcfc.co.uk: "Robbie left without permission, he felt that he had personal things that he needed to attend to. "He made the decision to leave the camp, and go back to Brazil. That was not with my permission, and the situation at the moment is not really practical to get him back here with time differences and length of flights, so he will be back at the weekend ready to train when we are back in Manchester at the first available opportunity. In fact, in October 2007, Robinho failed to return to Madrid after appearing for Brazil in an international match, claiming he had missed his flight. Local newspapers later revealed that he had been seen partying in a popular Rio de Janeiro nightclub and he was subsequently fined and dropped by the club. City manager Mark Hughes told the club's official Web site that Robinho, who cost mega-rich City a British record fee of £32.5 million ($45m) when he signed from Real Madrid in August, will be spoken to after not joining the rest of the squad in a Tenerife training camp this week -- choosing instead to fly to Brazil to attend to a family matter. Hughes told mcfc.co.uk: "Robbie left without permission, he felt that he had personal things that he needed to attend to.

(CNN) -- Pulitzer Prize-winning author, radio host and activist Studs Terkel died in his Chicago, Illinois, home Friday at the age of 96. Pulitzer Prize-winning author Studs Terkel died at his home Friday at the age of 96. Terkel had grown frail since the publication last year of his memoir, "Touch and Go," said Gordon Mayer, vice president of the Community Media Workshop, which Terkel had supported. "I'm still in touch, but I'm ready to go," he said last year at his last public appearance with the workshop, a nonprofit that recognizes Chicago reporters who take risks in covering the city. "My dad led a long, full, eventful -- sometimes tempestuous -- satisfying life," his son Dan said in a statement. "The last time I saw him, he was up, about, and mad as hell about the Cubs," workshop President Thom Clark said in the statement. Terkel, known for his portrayal of ordinary people young and old, rich and poor, won a Pulitzer Prize in 1985 for his remembrances of World War II, "The Good War." iReport.com: Remebering the legacy of Studs Terkel Terkel was born in New York but moved to Chicago, where his parents ran a small hotel. Terkel would sit in the hotel lobby watching droves of people arguing, fighting, ranting and telling stories. "That hotel was far more of an education to me than the University of Chicago was," Studs told CNN in 2000. It seems that beginning would pave the way for Terkel's love of passing on people's oral histories. He could often be found behind a tape recorder talking to the people who would eventually become the basis for his books. Terkel became famous, if not synonymous with oral histories, for his ability to cast a light on the working class. "Oral history preceded the written word," Terkel told CNN in 2000. "Oral history is having people tell their own stories and bringing it forth. "That's what history's about: the oral history of the unknowns that make the wheel go 'round. And that's what I'm interested in." In an interview with Lou Waters on CNN in 1995, Terkel spoke about his book "Coming of Age," which explored the lives of people who have been "scrappers" all of their lives. Inside the book are the stories of people between the ages of 70 and 95, a group he called "the truth tellers." "Who are the best historians? Who are the storytellers?" Terkel asked. "Who lived through the Great Depression of the '30s, World War II that changed the whole psyche and map of the world, a Cold War, Joe McCarthy, Vietnam, the '60s, that's so often put down today and I think was an exhilarating and hopeful period, and, of course, the computer and technology. Who are the best ones to tell the story? Those who've borne witness to it. And they're our storytellers." After Terkel's wife died in 1999, he began working on a book about death, eventually called "Will the Circle Be Unbroken? Reflections on Death, Rebirth, and Hunger for a Faith." "It's about life," Terkel said in 2000 when asked about the project. "How can one talk about life without saying sometime it's going to end? It makes the value of life all the more precious."

Who does the author believe makes the best storytellers?

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In an interview with Lou Waters on CNN in 1995, Terkel spoke about his book "Coming of Age," which explored the lives of people who have been "scrappers" all of their lives. Inside the book are the stories of people between the ages of 70 and 95, a group he called "the truth tellers." "Who are the best historians? Who are the storytellers?" Terkel asked. Terkel asked. Terkel asked. "Who lived through the Great Depression of the '30s, World War II that changed the whole psyche and map of the world, a Cold War, Joe McCarthy, Vietnam, the '60s, that's so often put down today and I think was an exhilarating and hopeful period, and, of course, the computer and technology. Who are the best ones to tell the story? Those who've borne witness to it. And they're our storytellers." And they're our storytellers." After Terkel's wife died in 1999, he began working on a book about death, eventually called "Will the Circle Be Unbroken? Reflections on Death, Rebirth, and Hunger for a Faith." "It's about life," Terkel said in 2000 when asked about the project. "How can one talk about life without saying sometime it's going to end? It makes the value of life all the more precious." "Oral history is having people tell their own stories and bringing it forth. "That's what history's about: the oral history of the unknowns that make the wheel go 'round. And that's what I'm interested in." In an interview with Lou Waters on CNN in 1995, Terkel spoke about his book "Coming of Age," which explored the lives of people who have been "scrappers" all of their lives. It seems that beginning would pave the way for Terkel's love of passing on people's oral histories. He could often be found behind a tape recorder talking to the people who would eventually become the basis for his books. Terkel became famous, if not synonymous with oral histories, for his ability to cast a light on the working class. "Oral history preceded the written word," Terkel told CNN in 2000. "Oral history is having people tell their own stories and bringing it forth. (CNN) -- Pulitzer Prize-winning author, radio host and activist Studs Terkel died in his Chicago, Illinois, home Friday at the age of 96. Pulitzer Prize-winning author Studs Terkel died at his home Friday at the age of 96. Terkel had grown frail since the publication last year of his memoir, "Touch and Go," said Gordon Mayer, vice president of the Community Media Workshop, which Terkel had supported. iReport.com: Remebering the legacy of Studs Terkel Terkel was born in New York but moved to Chicago, where his parents ran a small hotel. Terkel would sit in the hotel lobby watching droves of people arguing, fighting, ranting and telling stories. "That hotel was far more of an education to me than the University of Chicago was," Studs told CNN in 2000. It seems that beginning would pave the way for Terkel's love of passing on people's oral histories. Terkel had grown frail since the publication last year of his memoir, "Touch and Go," said Gordon Mayer, vice president of the Community Media Workshop, which Terkel had supported. "I'm still in touch, but I'm ready to go," he said last year at his last public appearance with the workshop, a nonprofit that recognizes Chicago reporters who take risks in covering the city. "The last time I saw him, he was up, about, and mad as hell about the Cubs," workshop President Thom Clark said in the statement. Terkel, known for his portrayal of ordinary people young and old, rich and poor, won a Pulitzer Prize in 1985 for his remembrances of World War II, "The Good War." iReport.com: Remebering the legacy of Studs Terkel Terkel was born in New York but moved to Chicago, where his parents ran a small hotel. "I'm still in touch, but I'm ready to go," he said last year at his last public appearance with the workshop, a nonprofit that recognizes Chicago reporters who take risks in covering the city. "My dad led a long, full, eventful -- sometimes tempestuous -- satisfying life," his son Dan said in a statement. "The last time I saw him, he was up, about, and mad as hell about the Cubs," workshop President Thom Clark said in the statement.

(CNN) -- Pulitzer Prize-winning author, radio host and activist Studs Terkel died in his Chicago, Illinois, home Friday at the age of 96. Pulitzer Prize-winning author Studs Terkel died at his home Friday at the age of 96. Terkel had grown frail since the publication last year of his memoir, "Touch and Go," said Gordon Mayer, vice president of the Community Media Workshop, which Terkel had supported. "I'm still in touch, but I'm ready to go," he said last year at his last public appearance with the workshop, a nonprofit that recognizes Chicago reporters who take risks in covering the city. "My dad led a long, full, eventful -- sometimes tempestuous -- satisfying life," his son Dan said in a statement. "The last time I saw him, he was up, about, and mad as hell about the Cubs," workshop President Thom Clark said in the statement. Terkel, known for his portrayal of ordinary people young and old, rich and poor, won a Pulitzer Prize in 1985 for his remembrances of World War II, "The Good War." iReport.com: Remebering the legacy of Studs Terkel Terkel was born in New York but moved to Chicago, where his parents ran a small hotel. Terkel would sit in the hotel lobby watching droves of people arguing, fighting, ranting and telling stories. "That hotel was far more of an education to me than the University of Chicago was," Studs told CNN in 2000. It seems that beginning would pave the way for Terkel's love of passing on people's oral histories. He could often be found behind a tape recorder talking to the people who would eventually become the basis for his books. Terkel became famous, if not synonymous with oral histories, for his ability to cast a light on the working class. "Oral history preceded the written word," Terkel told CNN in 2000. "Oral history is having people tell their own stories and bringing it forth. "That's what history's about: the oral history of the unknowns that make the wheel go 'round. And that's what I'm interested in." In an interview with Lou Waters on CNN in 1995, Terkel spoke about his book "Coming of Age," which explored the lives of people who have been "scrappers" all of their lives. Inside the book are the stories of people between the ages of 70 and 95, a group he called "the truth tellers." "Who are the best historians? Who are the storytellers?" Terkel asked. "Who lived through the Great Depression of the '30s, World War II that changed the whole psyche and map of the world, a Cold War, Joe McCarthy, Vietnam, the '60s, that's so often put down today and I think was an exhilarating and hopeful period, and, of course, the computer and technology. Who are the best ones to tell the story? Those who've borne witness to it. And they're our storytellers." After Terkel's wife died in 1999, he began working on a book about death, eventually called "Will the Circle Be Unbroken? Reflections on Death, Rebirth, and Hunger for a Faith." "It's about life," Terkel said in 2000 when asked about the project. "How can one talk about life without saying sometime it's going to end? It makes the value of life all the more precious."

What prize did Terkel win?

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"The last time I saw him, he was up, about, and mad as hell about the Cubs," workshop President Thom Clark said in the statement. Terkel, known for his portrayal of ordinary people young and old, rich and poor, won a Pulitzer Prize in 1985 for his remembrances of World War II, "The Good War." iReport.com: Remebering the legacy of Studs Terkel Terkel was born in New York but moved to Chicago, where his parents ran a small hotel. (CNN) -- Pulitzer Prize-winning author, radio host and activist Studs Terkel died in his Chicago, Illinois, home Friday at the age of 96. Pulitzer Prize-winning author Studs Terkel died at his home Friday at the age of 96. Terkel had grown frail since the publication last year of his memoir, "Touch and Go," said Gordon Mayer, vice president of the Community Media Workshop, which Terkel had supported. In an interview with Lou Waters on CNN in 1995, Terkel spoke about his book "Coming of Age," which explored the lives of people who have been "scrappers" all of their lives. Inside the book are the stories of people between the ages of 70 and 95, a group he called "the truth tellers." "Who are the best historians? Who are the storytellers?" Terkel asked. Terkel had grown frail since the publication last year of his memoir, "Touch and Go," said Gordon Mayer, vice president of the Community Media Workshop, which Terkel had supported. "I'm still in touch, but I'm ready to go," he said last year at his last public appearance with the workshop, a nonprofit that recognizes Chicago reporters who take risks in covering the city. It seems that beginning would pave the way for Terkel's love of passing on people's oral histories. He could often be found behind a tape recorder talking to the people who would eventually become the basis for his books. Terkel became famous, if not synonymous with oral histories, for his ability to cast a light on the working class. "Oral history preceded the written word," Terkel told CNN in 2000. "Oral history is having people tell their own stories and bringing it forth. iReport.com: Remebering the legacy of Studs Terkel Terkel was born in New York but moved to Chicago, where his parents ran a small hotel. Terkel would sit in the hotel lobby watching droves of people arguing, fighting, ranting and telling stories. "That hotel was far more of an education to me than the University of Chicago was," Studs told CNN in 2000. It seems that beginning would pave the way for Terkel's love of passing on people's oral histories. And they're our storytellers." After Terkel's wife died in 1999, he began working on a book about death, eventually called "Will the Circle Be Unbroken? Reflections on Death, Rebirth, and Hunger for a Faith." "It's about life," Terkel said in 2000 when asked about the project. "How can one talk about life without saying sometime it's going to end? It makes the value of life all the more precious." Terkel asked. Terkel asked. "Who lived through the Great Depression of the '30s, World War II that changed the whole psyche and map of the world, a Cold War, Joe McCarthy, Vietnam, the '60s, that's so often put down today and I think was an exhilarating and hopeful period, and, of course, the computer and technology. Who are the best ones to tell the story? Those who've borne witness to it. And they're our storytellers." "Oral history is having people tell their own stories and bringing it forth. "That's what history's about: the oral history of the unknowns that make the wheel go 'round. And that's what I'm interested in." In an interview with Lou Waters on CNN in 1995, Terkel spoke about his book "Coming of Age," which explored the lives of people who have been "scrappers" all of their lives. "I'm still in touch, but I'm ready to go," he said last year at his last public appearance with the workshop, a nonprofit that recognizes Chicago reporters who take risks in covering the city. "My dad led a long, full, eventful -- sometimes tempestuous -- satisfying life," his son Dan said in a statement. "The last time I saw him, he was up, about, and mad as hell about the Cubs," workshop President Thom Clark said in the statement.

(CNN) -- Pulitzer Prize-winning author, radio host and activist Studs Terkel died in his Chicago, Illinois, home Friday at the age of 96. Pulitzer Prize-winning author Studs Terkel died at his home Friday at the age of 96. Terkel had grown frail since the publication last year of his memoir, "Touch and Go," said Gordon Mayer, vice president of the Community Media Workshop, which Terkel had supported. "I'm still in touch, but I'm ready to go," he said last year at his last public appearance with the workshop, a nonprofit that recognizes Chicago reporters who take risks in covering the city. "My dad led a long, full, eventful -- sometimes tempestuous -- satisfying life," his son Dan said in a statement. "The last time I saw him, he was up, about, and mad as hell about the Cubs," workshop President Thom Clark said in the statement. Terkel, known for his portrayal of ordinary people young and old, rich and poor, won a Pulitzer Prize in 1985 for his remembrances of World War II, "The Good War." iReport.com: Remebering the legacy of Studs Terkel Terkel was born in New York but moved to Chicago, where his parents ran a small hotel. Terkel would sit in the hotel lobby watching droves of people arguing, fighting, ranting and telling stories. "That hotel was far more of an education to me than the University of Chicago was," Studs told CNN in 2000. It seems that beginning would pave the way for Terkel's love of passing on people's oral histories. He could often be found behind a tape recorder talking to the people who would eventually become the basis for his books. Terkel became famous, if not synonymous with oral histories, for his ability to cast a light on the working class. "Oral history preceded the written word," Terkel told CNN in 2000. "Oral history is having people tell their own stories and bringing it forth. "That's what history's about: the oral history of the unknowns that make the wheel go 'round. And that's what I'm interested in." In an interview with Lou Waters on CNN in 1995, Terkel spoke about his book "Coming of Age," which explored the lives of people who have been "scrappers" all of their lives. Inside the book are the stories of people between the ages of 70 and 95, a group he called "the truth tellers." "Who are the best historians? Who are the storytellers?" Terkel asked. "Who lived through the Great Depression of the '30s, World War II that changed the whole psyche and map of the world, a Cold War, Joe McCarthy, Vietnam, the '60s, that's so often put down today and I think was an exhilarating and hopeful period, and, of course, the computer and technology. Who are the best ones to tell the story? Those who've borne witness to it. And they're our storytellers." After Terkel's wife died in 1999, he began working on a book about death, eventually called "Will the Circle Be Unbroken? Reflections on Death, Rebirth, and Hunger for a Faith." "It's about life," Terkel said in 2000 when asked about the project. "How can one talk about life without saying sometime it's going to end? It makes the value of life all the more precious."

Who did the author think made the best storytellers?

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In an interview with Lou Waters on CNN in 1995, Terkel spoke about his book "Coming of Age," which explored the lives of people who have been "scrappers" all of their lives. Inside the book are the stories of people between the ages of 70 and 95, a group he called "the truth tellers." "Who are the best historians? Who are the storytellers?" Terkel asked. Terkel asked. Terkel asked. "Who lived through the Great Depression of the '30s, World War II that changed the whole psyche and map of the world, a Cold War, Joe McCarthy, Vietnam, the '60s, that's so often put down today and I think was an exhilarating and hopeful period, and, of course, the computer and technology. Who are the best ones to tell the story? Those who've borne witness to it. And they're our storytellers." And they're our storytellers." After Terkel's wife died in 1999, he began working on a book about death, eventually called "Will the Circle Be Unbroken? Reflections on Death, Rebirth, and Hunger for a Faith." "It's about life," Terkel said in 2000 when asked about the project. "How can one talk about life without saying sometime it's going to end? It makes the value of life all the more precious." It seems that beginning would pave the way for Terkel's love of passing on people's oral histories. He could often be found behind a tape recorder talking to the people who would eventually become the basis for his books. Terkel became famous, if not synonymous with oral histories, for his ability to cast a light on the working class. "Oral history preceded the written word," Terkel told CNN in 2000. "Oral history is having people tell their own stories and bringing it forth. "Oral history is having people tell their own stories and bringing it forth. "That's what history's about: the oral history of the unknowns that make the wheel go 'round. And that's what I'm interested in." In an interview with Lou Waters on CNN in 1995, Terkel spoke about his book "Coming of Age," which explored the lives of people who have been "scrappers" all of their lives. (CNN) -- Pulitzer Prize-winning author, radio host and activist Studs Terkel died in his Chicago, Illinois, home Friday at the age of 96. Pulitzer Prize-winning author Studs Terkel died at his home Friday at the age of 96. Terkel had grown frail since the publication last year of his memoir, "Touch and Go," said Gordon Mayer, vice president of the Community Media Workshop, which Terkel had supported. iReport.com: Remebering the legacy of Studs Terkel Terkel was born in New York but moved to Chicago, where his parents ran a small hotel. Terkel would sit in the hotel lobby watching droves of people arguing, fighting, ranting and telling stories. "That hotel was far more of an education to me than the University of Chicago was," Studs told CNN in 2000. It seems that beginning would pave the way for Terkel's love of passing on people's oral histories. "The last time I saw him, he was up, about, and mad as hell about the Cubs," workshop President Thom Clark said in the statement. Terkel, known for his portrayal of ordinary people young and old, rich and poor, won a Pulitzer Prize in 1985 for his remembrances of World War II, "The Good War." iReport.com: Remebering the legacy of Studs Terkel Terkel was born in New York but moved to Chicago, where his parents ran a small hotel. Terkel had grown frail since the publication last year of his memoir, "Touch and Go," said Gordon Mayer, vice president of the Community Media Workshop, which Terkel had supported. "I'm still in touch, but I'm ready to go," he said last year at his last public appearance with the workshop, a nonprofit that recognizes Chicago reporters who take risks in covering the city. "I'm still in touch, but I'm ready to go," he said last year at his last public appearance with the workshop, a nonprofit that recognizes Chicago reporters who take risks in covering the city. "My dad led a long, full, eventful -- sometimes tempestuous -- satisfying life," his son Dan said in a statement. "The last time I saw him, he was up, about, and mad as hell about the Cubs," workshop President Thom Clark said in the statement.

(CNN) -- Pulitzer Prize-winning author, radio host and activist Studs Terkel died in his Chicago, Illinois, home Friday at the age of 96. Pulitzer Prize-winning author Studs Terkel died at his home Friday at the age of 96. Terkel had grown frail since the publication last year of his memoir, "Touch and Go," said Gordon Mayer, vice president of the Community Media Workshop, which Terkel had supported. "I'm still in touch, but I'm ready to go," he said last year at his last public appearance with the workshop, a nonprofit that recognizes Chicago reporters who take risks in covering the city. "My dad led a long, full, eventful -- sometimes tempestuous -- satisfying life," his son Dan said in a statement. "The last time I saw him, he was up, about, and mad as hell about the Cubs," workshop President Thom Clark said in the statement. Terkel, known for his portrayal of ordinary people young and old, rich and poor, won a Pulitzer Prize in 1985 for his remembrances of World War II, "The Good War." iReport.com: Remebering the legacy of Studs Terkel Terkel was born in New York but moved to Chicago, where his parents ran a small hotel. Terkel would sit in the hotel lobby watching droves of people arguing, fighting, ranting and telling stories. "That hotel was far more of an education to me than the University of Chicago was," Studs told CNN in 2000. It seems that beginning would pave the way for Terkel's love of passing on people's oral histories. He could often be found behind a tape recorder talking to the people who would eventually become the basis for his books. Terkel became famous, if not synonymous with oral histories, for his ability to cast a light on the working class. "Oral history preceded the written word," Terkel told CNN in 2000. "Oral history is having people tell their own stories and bringing it forth. "That's what history's about: the oral history of the unknowns that make the wheel go 'round. And that's what I'm interested in." In an interview with Lou Waters on CNN in 1995, Terkel spoke about his book "Coming of Age," which explored the lives of people who have been "scrappers" all of their lives. Inside the book are the stories of people between the ages of 70 and 95, a group he called "the truth tellers." "Who are the best historians? Who are the storytellers?" Terkel asked. "Who lived through the Great Depression of the '30s, World War II that changed the whole psyche and map of the world, a Cold War, Joe McCarthy, Vietnam, the '60s, that's so often put down today and I think was an exhilarating and hopeful period, and, of course, the computer and technology. Who are the best ones to tell the story? Those who've borne witness to it. And they're our storytellers." After Terkel's wife died in 1999, he began working on a book about death, eventually called "Will the Circle Be Unbroken? Reflections on Death, Rebirth, and Hunger for a Faith." "It's about life," Terkel said in 2000 when asked about the project. "How can one talk about life without saying sometime it's going to end? It makes the value of life all the more precious."

What book did Terkel write?

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In an interview with Lou Waters on CNN in 1995, Terkel spoke about his book "Coming of Age," which explored the lives of people who have been "scrappers" all of their lives. Inside the book are the stories of people between the ages of 70 and 95, a group he called "the truth tellers." "Who are the best historians? Who are the storytellers?" Terkel asked. And they're our storytellers." After Terkel's wife died in 1999, he began working on a book about death, eventually called "Will the Circle Be Unbroken? Reflections on Death, Rebirth, and Hunger for a Faith." "It's about life," Terkel said in 2000 when asked about the project. "How can one talk about life without saying sometime it's going to end? It makes the value of life all the more precious." "Oral history is having people tell their own stories and bringing it forth. "That's what history's about: the oral history of the unknowns that make the wheel go 'round. And that's what I'm interested in." In an interview with Lou Waters on CNN in 1995, Terkel spoke about his book "Coming of Age," which explored the lives of people who have been "scrappers" all of their lives. (CNN) -- Pulitzer Prize-winning author, radio host and activist Studs Terkel died in his Chicago, Illinois, home Friday at the age of 96. Pulitzer Prize-winning author Studs Terkel died at his home Friday at the age of 96. Terkel had grown frail since the publication last year of his memoir, "Touch and Go," said Gordon Mayer, vice president of the Community Media Workshop, which Terkel had supported. Terkel had grown frail since the publication last year of his memoir, "Touch and Go," said Gordon Mayer, vice president of the Community Media Workshop, which Terkel had supported. "I'm still in touch, but I'm ready to go," he said last year at his last public appearance with the workshop, a nonprofit that recognizes Chicago reporters who take risks in covering the city. It seems that beginning would pave the way for Terkel's love of passing on people's oral histories. He could often be found behind a tape recorder talking to the people who would eventually become the basis for his books. Terkel became famous, if not synonymous with oral histories, for his ability to cast a light on the working class. "Oral history preceded the written word," Terkel told CNN in 2000. "Oral history is having people tell their own stories and bringing it forth. "The last time I saw him, he was up, about, and mad as hell about the Cubs," workshop President Thom Clark said in the statement. Terkel, known for his portrayal of ordinary people young and old, rich and poor, won a Pulitzer Prize in 1985 for his remembrances of World War II, "The Good War." iReport.com: Remebering the legacy of Studs Terkel Terkel was born in New York but moved to Chicago, where his parents ran a small hotel. Terkel asked. Terkel asked. "Who lived through the Great Depression of the '30s, World War II that changed the whole psyche and map of the world, a Cold War, Joe McCarthy, Vietnam, the '60s, that's so often put down today and I think was an exhilarating and hopeful period, and, of course, the computer and technology. Who are the best ones to tell the story? Those who've borne witness to it. And they're our storytellers." iReport.com: Remebering the legacy of Studs Terkel Terkel was born in New York but moved to Chicago, where his parents ran a small hotel. Terkel would sit in the hotel lobby watching droves of people arguing, fighting, ranting and telling stories. "That hotel was far more of an education to me than the University of Chicago was," Studs told CNN in 2000. It seems that beginning would pave the way for Terkel's love of passing on people's oral histories. "I'm still in touch, but I'm ready to go," he said last year at his last public appearance with the workshop, a nonprofit that recognizes Chicago reporters who take risks in covering the city. "My dad led a long, full, eventful -- sometimes tempestuous -- satisfying life," his son Dan said in a statement. "The last time I saw him, he was up, about, and mad as hell about the Cubs," workshop President Thom Clark said in the statement.

(CNN) -- Pulitzer Prize-winning author, radio host and activist Studs Terkel died in his Chicago, Illinois, home Friday at the age of 96. Pulitzer Prize-winning author Studs Terkel died at his home Friday at the age of 96. Terkel had grown frail since the publication last year of his memoir, "Touch and Go," said Gordon Mayer, vice president of the Community Media Workshop, which Terkel had supported. "I'm still in touch, but I'm ready to go," he said last year at his last public appearance with the workshop, a nonprofit that recognizes Chicago reporters who take risks in covering the city. "My dad led a long, full, eventful -- sometimes tempestuous -- satisfying life," his son Dan said in a statement. "The last time I saw him, he was up, about, and mad as hell about the Cubs," workshop President Thom Clark said in the statement. Terkel, known for his portrayal of ordinary people young and old, rich and poor, won a Pulitzer Prize in 1985 for his remembrances of World War II, "The Good War." iReport.com: Remebering the legacy of Studs Terkel Terkel was born in New York but moved to Chicago, where his parents ran a small hotel. Terkel would sit in the hotel lobby watching droves of people arguing, fighting, ranting and telling stories. "That hotel was far more of an education to me than the University of Chicago was," Studs told CNN in 2000. It seems that beginning would pave the way for Terkel's love of passing on people's oral histories. He could often be found behind a tape recorder talking to the people who would eventually become the basis for his books. Terkel became famous, if not synonymous with oral histories, for his ability to cast a light on the working class. "Oral history preceded the written word," Terkel told CNN in 2000. "Oral history is having people tell their own stories and bringing it forth. "That's what history's about: the oral history of the unknowns that make the wheel go 'round. And that's what I'm interested in." In an interview with Lou Waters on CNN in 1995, Terkel spoke about his book "Coming of Age," which explored the lives of people who have been "scrappers" all of their lives. Inside the book are the stories of people between the ages of 70 and 95, a group he called "the truth tellers." "Who are the best historians? Who are the storytellers?" Terkel asked. "Who lived through the Great Depression of the '30s, World War II that changed the whole psyche and map of the world, a Cold War, Joe McCarthy, Vietnam, the '60s, that's so often put down today and I think was an exhilarating and hopeful period, and, of course, the computer and technology. Who are the best ones to tell the story? Those who've borne witness to it. And they're our storytellers." After Terkel's wife died in 1999, he began working on a book about death, eventually called "Will the Circle Be Unbroken? Reflections on Death, Rebirth, and Hunger for a Faith." "It's about life," Terkel said in 2000 when asked about the project. "How can one talk about life without saying sometime it's going to end? It makes the value of life all the more precious."

Who can be quoted as saying death ""makes the value of life all the more precious"?

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And they're our storytellers." After Terkel's wife died in 1999, he began working on a book about death, eventually called "Will the Circle Be Unbroken? Reflections on Death, Rebirth, and Hunger for a Faith." "It's about life," Terkel said in 2000 when asked about the project. "How can one talk about life without saying sometime it's going to end? It makes the value of life all the more precious." In an interview with Lou Waters on CNN in 1995, Terkel spoke about his book "Coming of Age," which explored the lives of people who have been "scrappers" all of their lives. Inside the book are the stories of people between the ages of 70 and 95, a group he called "the truth tellers." "Who are the best historians? Who are the storytellers?" Terkel asked. "Oral history is having people tell their own stories and bringing it forth. "That's what history's about: the oral history of the unknowns that make the wheel go 'round. And that's what I'm interested in." In an interview with Lou Waters on CNN in 1995, Terkel spoke about his book "Coming of Age," which explored the lives of people who have been "scrappers" all of their lives. Terkel asked. Terkel asked. "Who lived through the Great Depression of the '30s, World War II that changed the whole psyche and map of the world, a Cold War, Joe McCarthy, Vietnam, the '60s, that's so often put down today and I think was an exhilarating and hopeful period, and, of course, the computer and technology. Who are the best ones to tell the story? Those who've borne witness to it. And they're our storytellers." "I'm still in touch, but I'm ready to go," he said last year at his last public appearance with the workshop, a nonprofit that recognizes Chicago reporters who take risks in covering the city. "My dad led a long, full, eventful -- sometimes tempestuous -- satisfying life," his son Dan said in a statement. "The last time I saw him, he was up, about, and mad as hell about the Cubs," workshop President Thom Clark said in the statement. "The last time I saw him, he was up, about, and mad as hell about the Cubs," workshop President Thom Clark said in the statement. Terkel, known for his portrayal of ordinary people young and old, rich and poor, won a Pulitzer Prize in 1985 for his remembrances of World War II, "The Good War." iReport.com: Remebering the legacy of Studs Terkel Terkel was born in New York but moved to Chicago, where his parents ran a small hotel. (CNN) -- Pulitzer Prize-winning author, radio host and activist Studs Terkel died in his Chicago, Illinois, home Friday at the age of 96. Pulitzer Prize-winning author Studs Terkel died at his home Friday at the age of 96. Terkel had grown frail since the publication last year of his memoir, "Touch and Go," said Gordon Mayer, vice president of the Community Media Workshop, which Terkel had supported. Terkel had grown frail since the publication last year of his memoir, "Touch and Go," said Gordon Mayer, vice president of the Community Media Workshop, which Terkel had supported. "I'm still in touch, but I'm ready to go," he said last year at his last public appearance with the workshop, a nonprofit that recognizes Chicago reporters who take risks in covering the city. It seems that beginning would pave the way for Terkel's love of passing on people's oral histories. He could often be found behind a tape recorder talking to the people who would eventually become the basis for his books. Terkel became famous, if not synonymous with oral histories, for his ability to cast a light on the working class. "Oral history preceded the written word," Terkel told CNN in 2000. "Oral history is having people tell their own stories and bringing it forth. iReport.com: Remebering the legacy of Studs Terkel Terkel was born in New York but moved to Chicago, where his parents ran a small hotel. Terkel would sit in the hotel lobby watching droves of people arguing, fighting, ranting and telling stories. "That hotel was far more of an education to me than the University of Chicago was," Studs told CNN in 2000. It seems that beginning would pave the way for Terkel's love of passing on people's oral histories.

(CNN) -- Pulitzer Prize-winning author, radio host and activist Studs Terkel died in his Chicago, Illinois, home Friday at the age of 96. Pulitzer Prize-winning author Studs Terkel died at his home Friday at the age of 96. Terkel had grown frail since the publication last year of his memoir, "Touch and Go," said Gordon Mayer, vice president of the Community Media Workshop, which Terkel had supported. "I'm still in touch, but I'm ready to go," he said last year at his last public appearance with the workshop, a nonprofit that recognizes Chicago reporters who take risks in covering the city. "My dad led a long, full, eventful -- sometimes tempestuous -- satisfying life," his son Dan said in a statement. "The last time I saw him, he was up, about, and mad as hell about the Cubs," workshop President Thom Clark said in the statement. Terkel, known for his portrayal of ordinary people young and old, rich and poor, won a Pulitzer Prize in 1985 for his remembrances of World War II, "The Good War." iReport.com: Remebering the legacy of Studs Terkel Terkel was born in New York but moved to Chicago, where his parents ran a small hotel. Terkel would sit in the hotel lobby watching droves of people arguing, fighting, ranting and telling stories. "That hotel was far more of an education to me than the University of Chicago was," Studs told CNN in 2000. It seems that beginning would pave the way for Terkel's love of passing on people's oral histories. He could often be found behind a tape recorder talking to the people who would eventually become the basis for his books. Terkel became famous, if not synonymous with oral histories, for his ability to cast a light on the working class. "Oral history preceded the written word," Terkel told CNN in 2000. "Oral history is having people tell their own stories and bringing it forth. "That's what history's about: the oral history of the unknowns that make the wheel go 'round. And that's what I'm interested in." In an interview with Lou Waters on CNN in 1995, Terkel spoke about his book "Coming of Age," which explored the lives of people who have been "scrappers" all of their lives. Inside the book are the stories of people between the ages of 70 and 95, a group he called "the truth tellers." "Who are the best historians? Who are the storytellers?" Terkel asked. "Who lived through the Great Depression of the '30s, World War II that changed the whole psyche and map of the world, a Cold War, Joe McCarthy, Vietnam, the '60s, that's so often put down today and I think was an exhilarating and hopeful period, and, of course, the computer and technology. Who are the best ones to tell the story? Those who've borne witness to it. And they're our storytellers." After Terkel's wife died in 1999, he began working on a book about death, eventually called "Will the Circle Be Unbroken? Reflections on Death, Rebirth, and Hunger for a Faith." "It's about life," Terkel said in 2000 when asked about the project. "How can one talk about life without saying sometime it's going to end? It makes the value of life all the more precious."

Who won the Pulitzer Prize in 1985?

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"The last time I saw him, he was up, about, and mad as hell about the Cubs," workshop President Thom Clark said in the statement. Terkel, known for his portrayal of ordinary people young and old, rich and poor, won a Pulitzer Prize in 1985 for his remembrances of World War II, "The Good War." iReport.com: Remebering the legacy of Studs Terkel Terkel was born in New York but moved to Chicago, where his parents ran a small hotel. (CNN) -- Pulitzer Prize-winning author, radio host and activist Studs Terkel died in his Chicago, Illinois, home Friday at the age of 96. Pulitzer Prize-winning author Studs Terkel died at his home Friday at the age of 96. Terkel had grown frail since the publication last year of his memoir, "Touch and Go," said Gordon Mayer, vice president of the Community Media Workshop, which Terkel had supported. Terkel had grown frail since the publication last year of his memoir, "Touch and Go," said Gordon Mayer, vice president of the Community Media Workshop, which Terkel had supported. "I'm still in touch, but I'm ready to go," he said last year at his last public appearance with the workshop, a nonprofit that recognizes Chicago reporters who take risks in covering the city. In an interview with Lou Waters on CNN in 1995, Terkel spoke about his book "Coming of Age," which explored the lives of people who have been "scrappers" all of their lives. Inside the book are the stories of people between the ages of 70 and 95, a group he called "the truth tellers." "Who are the best historians? Who are the storytellers?" Terkel asked. It seems that beginning would pave the way for Terkel's love of passing on people's oral histories. He could often be found behind a tape recorder talking to the people who would eventually become the basis for his books. Terkel became famous, if not synonymous with oral histories, for his ability to cast a light on the working class. "Oral history preceded the written word," Terkel told CNN in 2000. "Oral history is having people tell their own stories and bringing it forth. "Oral history is having people tell their own stories and bringing it forth. "That's what history's about: the oral history of the unknowns that make the wheel go 'round. And that's what I'm interested in." In an interview with Lou Waters on CNN in 1995, Terkel spoke about his book "Coming of Age," which explored the lives of people who have been "scrappers" all of their lives. "I'm still in touch, but I'm ready to go," he said last year at his last public appearance with the workshop, a nonprofit that recognizes Chicago reporters who take risks in covering the city. "My dad led a long, full, eventful -- sometimes tempestuous -- satisfying life," his son Dan said in a statement. "The last time I saw him, he was up, about, and mad as hell about the Cubs," workshop President Thom Clark said in the statement. And they're our storytellers." After Terkel's wife died in 1999, he began working on a book about death, eventually called "Will the Circle Be Unbroken? Reflections on Death, Rebirth, and Hunger for a Faith." "It's about life," Terkel said in 2000 when asked about the project. "How can one talk about life without saying sometime it's going to end? It makes the value of life all the more precious." Terkel asked. Terkel asked. "Who lived through the Great Depression of the '30s, World War II that changed the whole psyche and map of the world, a Cold War, Joe McCarthy, Vietnam, the '60s, that's so often put down today and I think was an exhilarating and hopeful period, and, of course, the computer and technology. Who are the best ones to tell the story? Those who've borne witness to it. And they're our storytellers." iReport.com: Remebering the legacy of Studs Terkel Terkel was born in New York but moved to Chicago, where his parents ran a small hotel. Terkel would sit in the hotel lobby watching droves of people arguing, fighting, ranting and telling stories. "That hotel was far more of an education to me than the University of Chicago was," Studs told CNN in 2000. It seems that beginning would pave the way for Terkel's love of passing on people's oral histories.

(CNN) -- Pulitzer Prize-winning author, radio host and activist Studs Terkel died in his Chicago, Illinois, home Friday at the age of 96. Pulitzer Prize-winning author Studs Terkel died at his home Friday at the age of 96. Terkel had grown frail since the publication last year of his memoir, "Touch and Go," said Gordon Mayer, vice president of the Community Media Workshop, which Terkel had supported. "I'm still in touch, but I'm ready to go," he said last year at his last public appearance with the workshop, a nonprofit that recognizes Chicago reporters who take risks in covering the city. "My dad led a long, full, eventful -- sometimes tempestuous -- satisfying life," his son Dan said in a statement. "The last time I saw him, he was up, about, and mad as hell about the Cubs," workshop President Thom Clark said in the statement. Terkel, known for his portrayal of ordinary people young and old, rich and poor, won a Pulitzer Prize in 1985 for his remembrances of World War II, "The Good War." iReport.com: Remebering the legacy of Studs Terkel Terkel was born in New York but moved to Chicago, where his parents ran a small hotel. Terkel would sit in the hotel lobby watching droves of people arguing, fighting, ranting and telling stories. "That hotel was far more of an education to me than the University of Chicago was," Studs told CNN in 2000. It seems that beginning would pave the way for Terkel's love of passing on people's oral histories. He could often be found behind a tape recorder talking to the people who would eventually become the basis for his books. Terkel became famous, if not synonymous with oral histories, for his ability to cast a light on the working class. "Oral history preceded the written word," Terkel told CNN in 2000. "Oral history is having people tell their own stories and bringing it forth. "That's what history's about: the oral history of the unknowns that make the wheel go 'round. And that's what I'm interested in." In an interview with Lou Waters on CNN in 1995, Terkel spoke about his book "Coming of Age," which explored the lives of people who have been "scrappers" all of their lives. Inside the book are the stories of people between the ages of 70 and 95, a group he called "the truth tellers." "Who are the best historians? Who are the storytellers?" Terkel asked. "Who lived through the Great Depression of the '30s, World War II that changed the whole psyche and map of the world, a Cold War, Joe McCarthy, Vietnam, the '60s, that's so often put down today and I think was an exhilarating and hopeful period, and, of course, the computer and technology. Who are the best ones to tell the story? Those who've borne witness to it. And they're our storytellers." After Terkel's wife died in 1999, he began working on a book about death, eventually called "Will the Circle Be Unbroken? Reflections on Death, Rebirth, and Hunger for a Faith." "It's about life," Terkel said in 2000 when asked about the project. "How can one talk about life without saying sometime it's going to end? It makes the value of life all the more precious."

Who is Terkel?

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In an interview with Lou Waters on CNN in 1995, Terkel spoke about his book "Coming of Age," which explored the lives of people who have been "scrappers" all of their lives. Inside the book are the stories of people between the ages of 70 and 95, a group he called "the truth tellers." "Who are the best historians? Who are the storytellers?" Terkel asked. "The last time I saw him, he was up, about, and mad as hell about the Cubs," workshop President Thom Clark said in the statement. Terkel, known for his portrayal of ordinary people young and old, rich and poor, won a Pulitzer Prize in 1985 for his remembrances of World War II, "The Good War." iReport.com: Remebering the legacy of Studs Terkel Terkel was born in New York but moved to Chicago, where his parents ran a small hotel. (CNN) -- Pulitzer Prize-winning author, radio host and activist Studs Terkel died in his Chicago, Illinois, home Friday at the age of 96. Pulitzer Prize-winning author Studs Terkel died at his home Friday at the age of 96. Terkel had grown frail since the publication last year of his memoir, "Touch and Go," said Gordon Mayer, vice president of the Community Media Workshop, which Terkel had supported. Terkel had grown frail since the publication last year of his memoir, "Touch and Go," said Gordon Mayer, vice president of the Community Media Workshop, which Terkel had supported. "I'm still in touch, but I'm ready to go," he said last year at his last public appearance with the workshop, a nonprofit that recognizes Chicago reporters who take risks in covering the city. iReport.com: Remebering the legacy of Studs Terkel Terkel was born in New York but moved to Chicago, where his parents ran a small hotel. Terkel would sit in the hotel lobby watching droves of people arguing, fighting, ranting and telling stories. "That hotel was far more of an education to me than the University of Chicago was," Studs told CNN in 2000. It seems that beginning would pave the way for Terkel's love of passing on people's oral histories. It seems that beginning would pave the way for Terkel's love of passing on people's oral histories. He could often be found behind a tape recorder talking to the people who would eventually become the basis for his books. Terkel became famous, if not synonymous with oral histories, for his ability to cast a light on the working class. "Oral history preceded the written word," Terkel told CNN in 2000. "Oral history is having people tell their own stories and bringing it forth. Terkel asked. Terkel asked. "Who lived through the Great Depression of the '30s, World War II that changed the whole psyche and map of the world, a Cold War, Joe McCarthy, Vietnam, the '60s, that's so often put down today and I think was an exhilarating and hopeful period, and, of course, the computer and technology. Who are the best ones to tell the story? Those who've borne witness to it. And they're our storytellers." And they're our storytellers." After Terkel's wife died in 1999, he began working on a book about death, eventually called "Will the Circle Be Unbroken? Reflections on Death, Rebirth, and Hunger for a Faith." "It's about life," Terkel said in 2000 when asked about the project. "How can one talk about life without saying sometime it's going to end? It makes the value of life all the more precious." "Oral history is having people tell their own stories and bringing it forth. "That's what history's about: the oral history of the unknowns that make the wheel go 'round. And that's what I'm interested in." In an interview with Lou Waters on CNN in 1995, Terkel spoke about his book "Coming of Age," which explored the lives of people who have been "scrappers" all of their lives. "I'm still in touch, but I'm ready to go," he said last year at his last public appearance with the workshop, a nonprofit that recognizes Chicago reporters who take risks in covering the city. "My dad led a long, full, eventful -- sometimes tempestuous -- satisfying life," his son Dan said in a statement. "The last time I saw him, he was up, about, and mad as hell about the Cubs," workshop President Thom Clark said in the statement.

(CNN) -- A jury in Arkansas convicted evangelist Tony Alamo on Friday of 10 federal counts of taking minors across state lines for sex, according to the court in the Western District in Arkansas. Evangelist Tony Alamo was convicted of all 10 counts against him and will be sentenced later. Authorities in September charged Alamo, the 74-year-old founder and leader of Tony Alamo Christian Ministries, and raided his 15-acre compound near Texarkana, Arkansas. Jurors reached the verdict after more than eight hours of deliberations. Each count carries a maximum sentence of 10 years. Between March 1994 and October 2005, Alamo transported five girls younger than 18 across state lines for sex, according to the indictment. The criminal complaint included accounts from three of the girls, two of whom were 17 when the complaint was filed last year and one who was 14. All three said Alamo sexually abused them. Alamo, whose real name is Bernie Hoffman, had denied all wrongdoing. In a phone interview last year with CNN, he called the accusations a hoax. "They're just trying to make our church look evil ... by saying I'm a pornographer. Saying that I rape little children. ... I love children. I don't abuse them. Never have. Never will." Asked why authorities were searching the property, Alamo compared himself to Christ. "Why were they after Jesus," he asked. "It's the same reason. Jesus is living within me." Alamo also has compounds in Oklahoma and New Jersey. The Southern Poverty Law Center says Tony Alamo Christian Ministries is anti-Catholic and a cult.

What is Tony Alamo's real name?

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Alamo, whose real name is Bernie Hoffman, had denied all wrongdoing. In a phone interview last year with CNN, he called the accusations a hoax. "They're just trying to make our church look evil ... by saying I'm a pornographer. Saying that I rape little children. ... I love children. I don't abuse them. Never have. Never will." Asked why authorities were searching the property, Alamo compared himself to Christ. "Why were they after Jesus," he asked. Jurors reached the verdict after more than eight hours of deliberations. Each count carries a maximum sentence of 10 years. Between March 1994 and October 2005, Alamo transported five girls younger than 18 across state lines for sex, according to the indictment. The criminal complaint included accounts from three of the girls, two of whom were 17 when the complaint was filed last year and one who was 14. All three said Alamo sexually abused them. Alamo, whose real name is Bernie Hoffman, had denied all wrongdoing. (CNN) -- A jury in Arkansas convicted evangelist Tony Alamo on Friday of 10 federal counts of taking minors across state lines for sex, according to the court in the Western District in Arkansas. Evangelist Tony Alamo was convicted of all 10 counts against him and will be sentenced later. Authorities in September charged Alamo, the 74-year-old founder and leader of Tony Alamo Christian Ministries, and raided his 15-acre compound near Texarkana, Arkansas. Jurors reached the verdict after more than eight hours of deliberations. "Why were they after Jesus," he asked. "It's the same reason. Jesus is living within me." Alamo also has compounds in Oklahoma and New Jersey. The Southern Poverty Law Center says Tony Alamo Christian Ministries is anti-Catholic and a cult.

(CNN) -- A jury in Arkansas convicted evangelist Tony Alamo on Friday of 10 federal counts of taking minors across state lines for sex, according to the court in the Western District in Arkansas. Evangelist Tony Alamo was convicted of all 10 counts against him and will be sentenced later. Authorities in September charged Alamo, the 74-year-old founder and leader of Tony Alamo Christian Ministries, and raided his 15-acre compound near Texarkana, Arkansas. Jurors reached the verdict after more than eight hours of deliberations. Each count carries a maximum sentence of 10 years. Between March 1994 and October 2005, Alamo transported five girls younger than 18 across state lines for sex, according to the indictment. The criminal complaint included accounts from three of the girls, two of whom were 17 when the complaint was filed last year and one who was 14. All three said Alamo sexually abused them. Alamo, whose real name is Bernie Hoffman, had denied all wrongdoing. In a phone interview last year with CNN, he called the accusations a hoax. "They're just trying to make our church look evil ... by saying I'm a pornographer. Saying that I rape little children. ... I love children. I don't abuse them. Never have. Never will." Asked why authorities were searching the property, Alamo compared himself to Christ. "Why were they after Jesus," he asked. "It's the same reason. Jesus is living within me." Alamo also has compounds in Oklahoma and New Jersey. The Southern Poverty Law Center says Tony Alamo Christian Ministries is anti-Catholic and a cult.

What was he accused of?

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Alamo, whose real name is Bernie Hoffman, had denied all wrongdoing. In a phone interview last year with CNN, he called the accusations a hoax. "They're just trying to make our church look evil ... by saying I'm a pornographer. Saying that I rape little children. ... I love children. I don't abuse them. Never have. Never will." Asked why authorities were searching the property, Alamo compared himself to Christ. "Why were they after Jesus," he asked. (CNN) -- A jury in Arkansas convicted evangelist Tony Alamo on Friday of 10 federal counts of taking minors across state lines for sex, according to the court in the Western District in Arkansas. Evangelist Tony Alamo was convicted of all 10 counts against him and will be sentenced later. Authorities in September charged Alamo, the 74-year-old founder and leader of Tony Alamo Christian Ministries, and raided his 15-acre compound near Texarkana, Arkansas. Jurors reached the verdict after more than eight hours of deliberations. Jurors reached the verdict after more than eight hours of deliberations. Each count carries a maximum sentence of 10 years. Between March 1994 and October 2005, Alamo transported five girls younger than 18 across state lines for sex, according to the indictment. The criminal complaint included accounts from three of the girls, two of whom were 17 when the complaint was filed last year and one who was 14. All three said Alamo sexually abused them. Alamo, whose real name is Bernie Hoffman, had denied all wrongdoing. "Why were they after Jesus," he asked. "It's the same reason. Jesus is living within me." Alamo also has compounds in Oklahoma and New Jersey. The Southern Poverty Law Center says Tony Alamo Christian Ministries is anti-Catholic and a cult.

(CNN) -- A jury in Arkansas convicted evangelist Tony Alamo on Friday of 10 federal counts of taking minors across state lines for sex, according to the court in the Western District in Arkansas. Evangelist Tony Alamo was convicted of all 10 counts against him and will be sentenced later. Authorities in September charged Alamo, the 74-year-old founder and leader of Tony Alamo Christian Ministries, and raided his 15-acre compound near Texarkana, Arkansas. Jurors reached the verdict after more than eight hours of deliberations. Each count carries a maximum sentence of 10 years. Between March 1994 and October 2005, Alamo transported five girls younger than 18 across state lines for sex, according to the indictment. The criminal complaint included accounts from three of the girls, two of whom were 17 when the complaint was filed last year and one who was 14. All three said Alamo sexually abused them. Alamo, whose real name is Bernie Hoffman, had denied all wrongdoing. In a phone interview last year with CNN, he called the accusations a hoax. "They're just trying to make our church look evil ... by saying I'm a pornographer. Saying that I rape little children. ... I love children. I don't abuse them. Never have. Never will." Asked why authorities were searching the property, Alamo compared himself to Christ. "Why were they after Jesus," he asked. "It's the same reason. Jesus is living within me." Alamo also has compounds in Oklahoma and New Jersey. The Southern Poverty Law Center says Tony Alamo Christian Ministries is anti-Catholic and a cult.

What crime did Tony Alamo commit?

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(CNN) -- A jury in Arkansas convicted evangelist Tony Alamo on Friday of 10 federal counts of taking minors across state lines for sex, according to the court in the Western District in Arkansas. Evangelist Tony Alamo was convicted of all 10 counts against him and will be sentenced later. Authorities in September charged Alamo, the 74-year-old founder and leader of Tony Alamo Christian Ministries, and raided his 15-acre compound near Texarkana, Arkansas. Jurors reached the verdict after more than eight hours of deliberations. Jurors reached the verdict after more than eight hours of deliberations. Each count carries a maximum sentence of 10 years. Between March 1994 and October 2005, Alamo transported five girls younger than 18 across state lines for sex, according to the indictment. The criminal complaint included accounts from three of the girls, two of whom were 17 when the complaint was filed last year and one who was 14. All three said Alamo sexually abused them. Alamo, whose real name is Bernie Hoffman, had denied all wrongdoing. Alamo, whose real name is Bernie Hoffman, had denied all wrongdoing. In a phone interview last year with CNN, he called the accusations a hoax. "They're just trying to make our church look evil ... by saying I'm a pornographer. Saying that I rape little children. ... I love children. I don't abuse them. Never have. Never will." Asked why authorities were searching the property, Alamo compared himself to Christ. "Why were they after Jesus," he asked. "Why were they after Jesus," he asked. "It's the same reason. Jesus is living within me." Alamo also has compounds in Oklahoma and New Jersey. The Southern Poverty Law Center says Tony Alamo Christian Ministries is anti-Catholic and a cult.

(CNN) -- A jury in Arkansas convicted evangelist Tony Alamo on Friday of 10 federal counts of taking minors across state lines for sex, according to the court in the Western District in Arkansas. Evangelist Tony Alamo was convicted of all 10 counts against him and will be sentenced later. Authorities in September charged Alamo, the 74-year-old founder and leader of Tony Alamo Christian Ministries, and raided his 15-acre compound near Texarkana, Arkansas. Jurors reached the verdict after more than eight hours of deliberations. Each count carries a maximum sentence of 10 years. Between March 1994 and October 2005, Alamo transported five girls younger than 18 across state lines for sex, according to the indictment. The criminal complaint included accounts from three of the girls, two of whom were 17 when the complaint was filed last year and one who was 14. All three said Alamo sexually abused them. Alamo, whose real name is Bernie Hoffman, had denied all wrongdoing. In a phone interview last year with CNN, he called the accusations a hoax. "They're just trying to make our church look evil ... by saying I'm a pornographer. Saying that I rape little children. ... I love children. I don't abuse them. Never have. Never will." Asked why authorities were searching the property, Alamo compared himself to Christ. "Why were they after Jesus," he asked. "It's the same reason. Jesus is living within me." Alamo also has compounds in Oklahoma and New Jersey. The Southern Poverty Law Center says Tony Alamo Christian Ministries is anti-Catholic and a cult.

What was Tony Alamo convicted of doing?

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(CNN) -- A jury in Arkansas convicted evangelist Tony Alamo on Friday of 10 federal counts of taking minors across state lines for sex, according to the court in the Western District in Arkansas. Evangelist Tony Alamo was convicted of all 10 counts against him and will be sentenced later. Authorities in September charged Alamo, the 74-year-old founder and leader of Tony Alamo Christian Ministries, and raided his 15-acre compound near Texarkana, Arkansas. Jurors reached the verdict after more than eight hours of deliberations. Jurors reached the verdict after more than eight hours of deliberations. Each count carries a maximum sentence of 10 years. Between March 1994 and October 2005, Alamo transported five girls younger than 18 across state lines for sex, according to the indictment. The criminal complaint included accounts from three of the girls, two of whom were 17 when the complaint was filed last year and one who was 14. All three said Alamo sexually abused them. Alamo, whose real name is Bernie Hoffman, had denied all wrongdoing. Alamo, whose real name is Bernie Hoffman, had denied all wrongdoing. In a phone interview last year with CNN, he called the accusations a hoax. "They're just trying to make our church look evil ... by saying I'm a pornographer. Saying that I rape little children. ... I love children. I don't abuse them. Never have. Never will." Asked why authorities were searching the property, Alamo compared himself to Christ. "Why were they after Jesus," he asked. "Why were they after Jesus," he asked. "It's the same reason. Jesus is living within me." Alamo also has compounds in Oklahoma and New Jersey. The Southern Poverty Law Center says Tony Alamo Christian Ministries is anti-Catholic and a cult.

(CNN) -- A jury in Arkansas convicted evangelist Tony Alamo on Friday of 10 federal counts of taking minors across state lines for sex, according to the court in the Western District in Arkansas. Evangelist Tony Alamo was convicted of all 10 counts against him and will be sentenced later. Authorities in September charged Alamo, the 74-year-old founder and leader of Tony Alamo Christian Ministries, and raided his 15-acre compound near Texarkana, Arkansas. Jurors reached the verdict after more than eight hours of deliberations. Each count carries a maximum sentence of 10 years. Between March 1994 and October 2005, Alamo transported five girls younger than 18 across state lines for sex, according to the indictment. The criminal complaint included accounts from three of the girls, two of whom were 17 when the complaint was filed last year and one who was 14. All three said Alamo sexually abused them. Alamo, whose real name is Bernie Hoffman, had denied all wrongdoing. In a phone interview last year with CNN, he called the accusations a hoax. "They're just trying to make our church look evil ... by saying I'm a pornographer. Saying that I rape little children. ... I love children. I don't abuse them. Never have. Never will." Asked why authorities were searching the property, Alamo compared himself to Christ. "Why were they after Jesus," he asked. "It's the same reason. Jesus is living within me." Alamo also has compounds in Oklahoma and New Jersey. The Southern Poverty Law Center says Tony Alamo Christian Ministries is anti-Catholic and a cult.

Who does the jury convict?

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(CNN) -- A jury in Arkansas convicted evangelist Tony Alamo on Friday of 10 federal counts of taking minors across state lines for sex, according to the court in the Western District in Arkansas. Evangelist Tony Alamo was convicted of all 10 counts against him and will be sentenced later. Authorities in September charged Alamo, the 74-year-old founder and leader of Tony Alamo Christian Ministries, and raided his 15-acre compound near Texarkana, Arkansas. Jurors reached the verdict after more than eight hours of deliberations. Jurors reached the verdict after more than eight hours of deliberations. Each count carries a maximum sentence of 10 years. Between March 1994 and October 2005, Alamo transported five girls younger than 18 across state lines for sex, according to the indictment. The criminal complaint included accounts from three of the girls, two of whom were 17 when the complaint was filed last year and one who was 14. All three said Alamo sexually abused them. Alamo, whose real name is Bernie Hoffman, had denied all wrongdoing. Alamo, whose real name is Bernie Hoffman, had denied all wrongdoing. In a phone interview last year with CNN, he called the accusations a hoax. "They're just trying to make our church look evil ... by saying I'm a pornographer. Saying that I rape little children. ... I love children. I don't abuse them. Never have. Never will." Asked why authorities were searching the property, Alamo compared himself to Christ. "Why were they after Jesus," he asked. "Why were they after Jesus," he asked. "It's the same reason. Jesus is living within me." Alamo also has compounds in Oklahoma and New Jersey. The Southern Poverty Law Center says Tony Alamo Christian Ministries is anti-Catholic and a cult.

(CNN) -- A jury in Arkansas convicted evangelist Tony Alamo on Friday of 10 federal counts of taking minors across state lines for sex, according to the court in the Western District in Arkansas. Evangelist Tony Alamo was convicted of all 10 counts against him and will be sentenced later. Authorities in September charged Alamo, the 74-year-old founder and leader of Tony Alamo Christian Ministries, and raided his 15-acre compound near Texarkana, Arkansas. Jurors reached the verdict after more than eight hours of deliberations. Each count carries a maximum sentence of 10 years. Between March 1994 and October 2005, Alamo transported five girls younger than 18 across state lines for sex, according to the indictment. The criminal complaint included accounts from three of the girls, two of whom were 17 when the complaint was filed last year and one who was 14. All three said Alamo sexually abused them. Alamo, whose real name is Bernie Hoffman, had denied all wrongdoing. In a phone interview last year with CNN, he called the accusations a hoax. "They're just trying to make our church look evil ... by saying I'm a pornographer. Saying that I rape little children. ... I love children. I don't abuse them. Never have. Never will." Asked why authorities were searching the property, Alamo compared himself to Christ. "Why were they after Jesus," he asked. "It's the same reason. Jesus is living within me." Alamo also has compounds in Oklahoma and New Jersey. The Southern Poverty Law Center says Tony Alamo Christian Ministries is anti-Catholic and a cult.

What is Alamo's real name?

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Alamo, whose real name is Bernie Hoffman, had denied all wrongdoing. In a phone interview last year with CNN, he called the accusations a hoax. "They're just trying to make our church look evil ... by saying I'm a pornographer. Saying that I rape little children. ... I love children. I don't abuse them. Never have. Never will." Asked why authorities were searching the property, Alamo compared himself to Christ. "Why were they after Jesus," he asked. Jurors reached the verdict after more than eight hours of deliberations. Each count carries a maximum sentence of 10 years. Between March 1994 and October 2005, Alamo transported five girls younger than 18 across state lines for sex, according to the indictment. The criminal complaint included accounts from three of the girls, two of whom were 17 when the complaint was filed last year and one who was 14. All three said Alamo sexually abused them. Alamo, whose real name is Bernie Hoffman, had denied all wrongdoing. (CNN) -- A jury in Arkansas convicted evangelist Tony Alamo on Friday of 10 federal counts of taking minors across state lines for sex, according to the court in the Western District in Arkansas. Evangelist Tony Alamo was convicted of all 10 counts against him and will be sentenced later. Authorities in September charged Alamo, the 74-year-old founder and leader of Tony Alamo Christian Ministries, and raided his 15-acre compound near Texarkana, Arkansas. Jurors reached the verdict after more than eight hours of deliberations. "Why were they after Jesus," he asked. "It's the same reason. Jesus is living within me." Alamo also has compounds in Oklahoma and New Jersey. The Southern Poverty Law Center says Tony Alamo Christian Ministries is anti-Catholic and a cult.

(CNN) -- A jury in Arkansas convicted evangelist Tony Alamo on Friday of 10 federal counts of taking minors across state lines for sex, according to the court in the Western District in Arkansas. Evangelist Tony Alamo was convicted of all 10 counts against him and will be sentenced later. Authorities in September charged Alamo, the 74-year-old founder and leader of Tony Alamo Christian Ministries, and raided his 15-acre compound near Texarkana, Arkansas. Jurors reached the verdict after more than eight hours of deliberations. Each count carries a maximum sentence of 10 years. Between March 1994 and October 2005, Alamo transported five girls younger than 18 across state lines for sex, according to the indictment. The criminal complaint included accounts from three of the girls, two of whom were 17 when the complaint was filed last year and one who was 14. All three said Alamo sexually abused them. Alamo, whose real name is Bernie Hoffman, had denied all wrongdoing. In a phone interview last year with CNN, he called the accusations a hoax. "They're just trying to make our church look evil ... by saying I'm a pornographer. Saying that I rape little children. ... I love children. I don't abuse them. Never have. Never will." Asked why authorities were searching the property, Alamo compared himself to Christ. "Why were they after Jesus," he asked. "It's the same reason. Jesus is living within me." Alamo also has compounds in Oklahoma and New Jersey. The Southern Poverty Law Center says Tony Alamo Christian Ministries is anti-Catholic and a cult.

Tony had how many counts against him?

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(CNN) -- A jury in Arkansas convicted evangelist Tony Alamo on Friday of 10 federal counts of taking minors across state lines for sex, according to the court in the Western District in Arkansas. Evangelist Tony Alamo was convicted of all 10 counts against him and will be sentenced later. Authorities in September charged Alamo, the 74-year-old founder and leader of Tony Alamo Christian Ministries, and raided his 15-acre compound near Texarkana, Arkansas. Jurors reached the verdict after more than eight hours of deliberations. Jurors reached the verdict after more than eight hours of deliberations. Each count carries a maximum sentence of 10 years. Between March 1994 and October 2005, Alamo transported five girls younger than 18 across state lines for sex, according to the indictment. The criminal complaint included accounts from three of the girls, two of whom were 17 when the complaint was filed last year and one who was 14. All three said Alamo sexually abused them. Alamo, whose real name is Bernie Hoffman, had denied all wrongdoing. "Why were they after Jesus," he asked. "It's the same reason. Jesus is living within me." Alamo also has compounds in Oklahoma and New Jersey. The Southern Poverty Law Center says Tony Alamo Christian Ministries is anti-Catholic and a cult. Alamo, whose real name is Bernie Hoffman, had denied all wrongdoing. In a phone interview last year with CNN, he called the accusations a hoax. "They're just trying to make our church look evil ... by saying I'm a pornographer. Saying that I rape little children. ... I love children. I don't abuse them. Never have. Never will." Asked why authorities were searching the property, Alamo compared himself to Christ. "Why were they after Jesus," he asked.

(CNN) -- Fannie Mae and Freddie Mac were created to help individuals realize the American dream of home ownership, but they now find their survival at risk in the U.S. mortgage crisis. Steps to shore up FannieMae and Freddie Mac could eventually stabilize home prices. Friday's closure of California-based IndyMac bank by federal regulators on Friday sparked investor panic that sent shares of mortgage finance giants Fannie Mae and Freddie Mac on a wild ride and fueled speculation of a government rescue. On Sunday, the Treasury Department and Federal Reserve announced steps to make funds available to Fannie Mae and Freddie Mac if necessary. IndyMac, which reopened Monday under federal supervision, was once one of the nation's largest home lenders. Thanks in part to the nation's mortgage crisis, it lost hundreds of millions of dollars this year and last, and concerns about the bank led customers to withdraw $1.3 billion in the last two weeks, prompting the government takeover. Below, CNN's Ali Velshi and Gerri Willis answer questions about Fannie Mae, Freddie Mac and IndyMac and how you may be affected. Q: What are Fannie Mae and Freddie Mac and what do they do? A: Originally chartered by Congress, both were converted into private companies with shares traded on Wall Street. Neither company directly loans money to prospective home buyers. Instead, they buy mortgages from banks and other lenders on the secondary market, thus freeing up more funds to home lenders. They resell bundled loans as mortgage-backed securities. Read more about Fannie Mae and Freddie Mac » Combined, the two companies own or guarantee almost half of the home loans in the United States, or $5.3 trillion of mortgage debt. Q: How did they get their names? A: Fannie Mae was created in 1938, during the Great Depression. The nickname comes from the acronym FNMA, which stands for Federal National Mortgage Association. Freddie Mac was chartered by Congress as a private corporation in 1970 to end Fannie Mae's monopoly over the secondary mortgage market. The name Freddie Mac spawns from the acronym FHLMC, or Federal Home Loan Mortgage Corp. Q: What's the connection between the IndyMac takeover and Fannie Mae and Freddie Mac? A: Nothing, except both crises stem from the same problem: a drop in home prices and the inability of mortgage-holders to make their payments, thereby leaving banks (whether it was IndyMac, an actual lender, or Fannie/Freddie, the secondary banks that had bought mortgages) holding the bag. Q: Will the government's actions change the value of my home? A: Steps the federal government is taking to shore up Freddie Mac and Fannie Mae is ultimately a positive for the housing industry. Although it won't happen overnight, housing prices could be stabilized by the move. The reason? These two institutions are critical to the smooth functioning of the mortgage underwriting industry. Q: Is my money safe in the bank? A: Up to certain limits, money is safe in banks insured by the Federal Deposit Insurance Corp. The FDIC guarantees traditional bank accounts up to $100,000 and individual retirement accounts up to $250,000. Money beyond those limits isn't guaranteed if a bank fails. In the case of IndyMac, the FDIC says it will cover 50 percent of uninsured balances there. But as a practical matter, consumers shouldn't count on that. Bottom line: Owning accounts with amounts that exceed the FDIC limits is like driving without a seat belt. Watch: Is your bank safe? » Q: How are the government's moves to help Fannie Mae and Freddie Mac going to affect mortgages, loans and the federal budget deficit? A: Shoring up Freddie Mac and Fannie Mae is good news for consumer lending lending generally because it boosts confidence in the mortgage markets. If you already have a loan, it's won't have immediate consequences. We don't yet know if it will be successful and how much the two entities might take advantage of the federal governments offer to lend them money. For that reason, it's difficult to say what

What might happen to home prices as a result of the government's moves?

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A: Steps the federal government is taking to shore up Freddie Mac and Fannie Mae is ultimately a positive for the housing industry. Although it won't happen overnight, housing prices could be stabilized by the move. The reason? These two institutions are critical to the smooth functioning of the mortgage underwriting industry. Q: Is my money safe in the bank? A: Up to certain limits, money is safe in banks insured by the Federal Deposit Insurance Corp. A: Nothing, except both crises stem from the same problem: a drop in home prices and the inability of mortgage-holders to make their payments, thereby leaving banks (whether it was IndyMac, an actual lender, or Fannie/Freddie, the secondary banks that had bought mortgages) holding the bag. Q: Will the government's actions change the value of my home? A: Steps the federal government is taking to shore up Freddie Mac and Fannie Mae is ultimately a positive for the housing industry. But as a practical matter, consumers shouldn't count on that. Bottom line: Owning accounts with amounts that exceed the FDIC limits is like driving without a seat belt. Watch: Is your bank safe? » Q: How are the government's moves to help Fannie Mae and Freddie Mac going to affect mortgages, loans and the federal budget deficit? A: Shoring up Freddie Mac and Fannie Mae is good news for consumer lending lending generally because it boosts confidence in the mortgage markets. (CNN) -- Fannie Mae and Freddie Mac were created to help individuals realize the American dream of home ownership, but they now find their survival at risk in the U.S. mortgage crisis. Steps to shore up FannieMae and Freddie Mac could eventually stabilize home prices. Friday's closure of California-based IndyMac bank by federal regulators on Friday sparked investor panic that sent shares of mortgage finance giants Fannie Mae and Freddie Mac on a wild ride and fueled speculation of a government rescue. IndyMac, which reopened Monday under federal supervision, was once one of the nation's largest home lenders. Thanks in part to the nation's mortgage crisis, it lost hundreds of millions of dollars this year and last, and concerns about the bank led customers to withdraw $1.3 billion in the last two weeks, prompting the government takeover. Below, CNN's Ali Velshi and Gerri Willis answer questions about Fannie Mae, Freddie Mac and IndyMac and how you may be affected. A: Shoring up Freddie Mac and Fannie Mae is good news for consumer lending lending generally because it boosts confidence in the mortgage markets. If you already have a loan, it's won't have immediate consequences. We don't yet know if it will be successful and how much the two entities might take advantage of the federal governments offer to lend them money. For that reason, it's difficult to say what Friday's closure of California-based IndyMac bank by federal regulators on Friday sparked investor panic that sent shares of mortgage finance giants Fannie Mae and Freddie Mac on a wild ride and fueled speculation of a government rescue. On Sunday, the Treasury Department and Federal Reserve announced steps to make funds available to Fannie Mae and Freddie Mac if necessary. IndyMac, which reopened Monday under federal supervision, was once one of the nation's largest home lenders. The name Freddie Mac spawns from the acronym FHLMC, or Federal Home Loan Mortgage Corp. Q: What's the connection between the IndyMac takeover and Fannie Mae and Freddie Mac? A: Nothing, except both crises stem from the same problem: a drop in home prices and the inability of mortgage-holders to make their payments, thereby leaving banks (whether it was IndyMac, an actual lender, or Fannie/Freddie, the secondary banks that had bought mortgages) holding the bag. Instead, they buy mortgages from banks and other lenders on the secondary market, thus freeing up more funds to home lenders. They resell bundled loans as mortgage-backed securities. Read more about Fannie Mae and Freddie Mac » Combined, the two companies own or guarantee almost half of the home loans in the United States, or $5.3 trillion of mortgage debt. Q: How did they get their names? A: Fannie Mae was created in 1938, during the Great Depression. Below, CNN's Ali Velshi and Gerri Willis answer questions about Fannie Mae, Freddie Mac and IndyMac and how you may be affected. Q: What are Fannie Mae and Freddie Mac and what do they do? A: Originally chartered by Congress, both were converted into private companies with shares traded on Wall Street. Neither company directly loans money to prospective home buyers. Instead, they buy mortgages from banks and other lenders on the secondary market, thus freeing up more funds to home lenders. A: Up to certain limits, money is safe in banks insured by the Federal Deposit Insurance Corp. The FDIC guarantees traditional bank accounts up to $100,000 and individual retirement accounts up to $250,000. Money beyond those limits isn't guaranteed if a bank fails. In the case of IndyMac, the FDIC says it will cover 50 percent of uninsured balances there. But as a practical matter, consumers shouldn't count on that. A: Fannie Mae was created in 1938, during the Great Depression. The nickname comes from the acronym FNMA, which stands for Federal National Mortgage Association. Freddie Mac was chartered by Congress as a private corporation in 1970 to end Fannie Mae's monopoly over the secondary mortgage market. The name Freddie Mac spawns from the acronym FHLMC, or Federal Home Loan Mortgage Corp. Q: What's the connection between the IndyMac takeover and Fannie Mae and Freddie Mac?

(CNN) -- Fannie Mae and Freddie Mac were created to help individuals realize the American dream of home ownership, but they now find their survival at risk in the U.S. mortgage crisis. Steps to shore up FannieMae and Freddie Mac could eventually stabilize home prices. Friday's closure of California-based IndyMac bank by federal regulators on Friday sparked investor panic that sent shares of mortgage finance giants Fannie Mae and Freddie Mac on a wild ride and fueled speculation of a government rescue. On Sunday, the Treasury Department and Federal Reserve announced steps to make funds available to Fannie Mae and Freddie Mac if necessary. IndyMac, which reopened Monday under federal supervision, was once one of the nation's largest home lenders. Thanks in part to the nation's mortgage crisis, it lost hundreds of millions of dollars this year and last, and concerns about the bank led customers to withdraw $1.3 billion in the last two weeks, prompting the government takeover. Below, CNN's Ali Velshi and Gerri Willis answer questions about Fannie Mae, Freddie Mac and IndyMac and how you may be affected. Q: What are Fannie Mae and Freddie Mac and what do they do? A: Originally chartered by Congress, both were converted into private companies with shares traded on Wall Street. Neither company directly loans money to prospective home buyers. Instead, they buy mortgages from banks and other lenders on the secondary market, thus freeing up more funds to home lenders. They resell bundled loans as mortgage-backed securities. Read more about Fannie Mae and Freddie Mac » Combined, the two companies own or guarantee almost half of the home loans in the United States, or $5.3 trillion of mortgage debt. Q: How did they get their names? A: Fannie Mae was created in 1938, during the Great Depression. The nickname comes from the acronym FNMA, which stands for Federal National Mortgage Association. Freddie Mac was chartered by Congress as a private corporation in 1970 to end Fannie Mae's monopoly over the secondary mortgage market. The name Freddie Mac spawns from the acronym FHLMC, or Federal Home Loan Mortgage Corp. Q: What's the connection between the IndyMac takeover and Fannie Mae and Freddie Mac? A: Nothing, except both crises stem from the same problem: a drop in home prices and the inability of mortgage-holders to make their payments, thereby leaving banks (whether it was IndyMac, an actual lender, or Fannie/Freddie, the secondary banks that had bought mortgages) holding the bag. Q: Will the government's actions change the value of my home? A: Steps the federal government is taking to shore up Freddie Mac and Fannie Mae is ultimately a positive for the housing industry. Although it won't happen overnight, housing prices could be stabilized by the move. The reason? These two institutions are critical to the smooth functioning of the mortgage underwriting industry. Q: Is my money safe in the bank? A: Up to certain limits, money is safe in banks insured by the Federal Deposit Insurance Corp. The FDIC guarantees traditional bank accounts up to $100,000 and individual retirement accounts up to $250,000. Money beyond those limits isn't guaranteed if a bank fails. In the case of IndyMac, the FDIC says it will cover 50 percent of uninsured balances there. But as a practical matter, consumers shouldn't count on that. Bottom line: Owning accounts with amounts that exceed the FDIC limits is like driving without a seat belt. Watch: Is your bank safe? » Q: How are the government's moves to help Fannie Mae and Freddie Mac going to affect mortgages, loans and the federal budget deficit? A: Shoring up Freddie Mac and Fannie Mae is good news for consumer lending lending generally because it boosts confidence in the mortgage markets. If you already have a loan, it's won't have immediate consequences. We don't yet know if it will be successful and how much the two entities might take advantage of the federal governments offer to lend them money. For that reason, it's difficult to say what

What could the steps do?

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A: Steps the federal government is taking to shore up Freddie Mac and Fannie Mae is ultimately a positive for the housing industry. Although it won't happen overnight, housing prices could be stabilized by the move. The reason? These two institutions are critical to the smooth functioning of the mortgage underwriting industry. Q: Is my money safe in the bank? A: Up to certain limits, money is safe in banks insured by the Federal Deposit Insurance Corp. (CNN) -- Fannie Mae and Freddie Mac were created to help individuals realize the American dream of home ownership, but they now find their survival at risk in the U.S. mortgage crisis. Steps to shore up FannieMae and Freddie Mac could eventually stabilize home prices. Friday's closure of California-based IndyMac bank by federal regulators on Friday sparked investor panic that sent shares of mortgage finance giants Fannie Mae and Freddie Mac on a wild ride and fueled speculation of a government rescue. A: Nothing, except both crises stem from the same problem: a drop in home prices and the inability of mortgage-holders to make their payments, thereby leaving banks (whether it was IndyMac, an actual lender, or Fannie/Freddie, the secondary banks that had bought mortgages) holding the bag. Q: Will the government's actions change the value of my home? A: Steps the federal government is taking to shore up Freddie Mac and Fannie Mae is ultimately a positive for the housing industry. Friday's closure of California-based IndyMac bank by federal regulators on Friday sparked investor panic that sent shares of mortgage finance giants Fannie Mae and Freddie Mac on a wild ride and fueled speculation of a government rescue. On Sunday, the Treasury Department and Federal Reserve announced steps to make funds available to Fannie Mae and Freddie Mac if necessary. IndyMac, which reopened Monday under federal supervision, was once one of the nation's largest home lenders. Instead, they buy mortgages from banks and other lenders on the secondary market, thus freeing up more funds to home lenders. They resell bundled loans as mortgage-backed securities. Read more about Fannie Mae and Freddie Mac » Combined, the two companies own or guarantee almost half of the home loans in the United States, or $5.3 trillion of mortgage debt. Q: How did they get their names? A: Fannie Mae was created in 1938, during the Great Depression. Below, CNN's Ali Velshi and Gerri Willis answer questions about Fannie Mae, Freddie Mac and IndyMac and how you may be affected. Q: What are Fannie Mae and Freddie Mac and what do they do? A: Originally chartered by Congress, both were converted into private companies with shares traded on Wall Street. Neither company directly loans money to prospective home buyers. Instead, they buy mortgages from banks and other lenders on the secondary market, thus freeing up more funds to home lenders. But as a practical matter, consumers shouldn't count on that. Bottom line: Owning accounts with amounts that exceed the FDIC limits is like driving without a seat belt. Watch: Is your bank safe? » Q: How are the government's moves to help Fannie Mae and Freddie Mac going to affect mortgages, loans and the federal budget deficit? A: Shoring up Freddie Mac and Fannie Mae is good news for consumer lending lending generally because it boosts confidence in the mortgage markets. A: Shoring up Freddie Mac and Fannie Mae is good news for consumer lending lending generally because it boosts confidence in the mortgage markets. If you already have a loan, it's won't have immediate consequences. We don't yet know if it will be successful and how much the two entities might take advantage of the federal governments offer to lend them money. For that reason, it's difficult to say what A: Up to certain limits, money is safe in banks insured by the Federal Deposit Insurance Corp. The FDIC guarantees traditional bank accounts up to $100,000 and individual retirement accounts up to $250,000. Money beyond those limits isn't guaranteed if a bank fails. In the case of IndyMac, the FDIC says it will cover 50 percent of uninsured balances there. But as a practical matter, consumers shouldn't count on that. IndyMac, which reopened Monday under federal supervision, was once one of the nation's largest home lenders. Thanks in part to the nation's mortgage crisis, it lost hundreds of millions of dollars this year and last, and concerns about the bank led customers to withdraw $1.3 billion in the last two weeks, prompting the government takeover. Below, CNN's Ali Velshi and Gerri Willis answer questions about Fannie Mae, Freddie Mac and IndyMac and how you may be affected. The name Freddie Mac spawns from the acronym FHLMC, or Federal Home Loan Mortgage Corp. Q: What's the connection between the IndyMac takeover and Fannie Mae and Freddie Mac? A: Nothing, except both crises stem from the same problem: a drop in home prices and the inability of mortgage-holders to make their payments, thereby leaving banks (whether it was IndyMac, an actual lender, or Fannie/Freddie, the secondary banks that had bought mortgages) holding the bag. A: Fannie Mae was created in 1938, during the Great Depression. The nickname comes from the acronym FNMA, which stands for Federal National Mortgage Association. Freddie Mac was chartered by Congress as a private corporation in 1970 to end Fannie Mae's monopoly over the secondary mortgage market. The name Freddie Mac spawns from the acronym FHLMC, or Federal Home Loan Mortgage Corp. Q: What's the connection between the IndyMac takeover and Fannie Mae and Freddie Mac?

(CNN) -- Fannie Mae and Freddie Mac were created to help individuals realize the American dream of home ownership, but they now find their survival at risk in the U.S. mortgage crisis. Steps to shore up FannieMae and Freddie Mac could eventually stabilize home prices. Friday's closure of California-based IndyMac bank by federal regulators on Friday sparked investor panic that sent shares of mortgage finance giants Fannie Mae and Freddie Mac on a wild ride and fueled speculation of a government rescue. On Sunday, the Treasury Department and Federal Reserve announced steps to make funds available to Fannie Mae and Freddie Mac if necessary. IndyMac, which reopened Monday under federal supervision, was once one of the nation's largest home lenders. Thanks in part to the nation's mortgage crisis, it lost hundreds of millions of dollars this year and last, and concerns about the bank led customers to withdraw $1.3 billion in the last two weeks, prompting the government takeover. Below, CNN's Ali Velshi and Gerri Willis answer questions about Fannie Mae, Freddie Mac and IndyMac and how you may be affected. Q: What are Fannie Mae and Freddie Mac and what do they do? A: Originally chartered by Congress, both were converted into private companies with shares traded on Wall Street. Neither company directly loans money to prospective home buyers. Instead, they buy mortgages from banks and other lenders on the secondary market, thus freeing up more funds to home lenders. They resell bundled loans as mortgage-backed securities. Read more about Fannie Mae and Freddie Mac » Combined, the two companies own or guarantee almost half of the home loans in the United States, or $5.3 trillion of mortgage debt. Q: How did they get their names? A: Fannie Mae was created in 1938, during the Great Depression. The nickname comes from the acronym FNMA, which stands for Federal National Mortgage Association. Freddie Mac was chartered by Congress as a private corporation in 1970 to end Fannie Mae's monopoly over the secondary mortgage market. The name Freddie Mac spawns from the acronym FHLMC, or Federal Home Loan Mortgage Corp. Q: What's the connection between the IndyMac takeover and Fannie Mae and Freddie Mac? A: Nothing, except both crises stem from the same problem: a drop in home prices and the inability of mortgage-holders to make their payments, thereby leaving banks (whether it was IndyMac, an actual lender, or Fannie/Freddie, the secondary banks that had bought mortgages) holding the bag. Q: Will the government's actions change the value of my home? A: Steps the federal government is taking to shore up Freddie Mac and Fannie Mae is ultimately a positive for the housing industry. Although it won't happen overnight, housing prices could be stabilized by the move. The reason? These two institutions are critical to the smooth functioning of the mortgage underwriting industry. Q: Is my money safe in the bank? A: Up to certain limits, money is safe in banks insured by the Federal Deposit Insurance Corp. The FDIC guarantees traditional bank accounts up to $100,000 and individual retirement accounts up to $250,000. Money beyond those limits isn't guaranteed if a bank fails. In the case of IndyMac, the FDIC says it will cover 50 percent of uninsured balances there. But as a practical matter, consumers shouldn't count on that. Bottom line: Owning accounts with amounts that exceed the FDIC limits is like driving without a seat belt. Watch: Is your bank safe? » Q: How are the government's moves to help Fannie Mae and Freddie Mac going to affect mortgages, loans and the federal budget deficit? A: Shoring up Freddie Mac and Fannie Mae is good news for consumer lending lending generally because it boosts confidence in the mortgage markets. If you already have a loan, it's won't have immediate consequences. We don't yet know if it will be successful and how much the two entities might take advantage of the federal governments offer to lend them money. For that reason, it's difficult to say what

Who offered to shore up mortgage giants?

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(CNN) -- Fannie Mae and Freddie Mac were created to help individuals realize the American dream of home ownership, but they now find their survival at risk in the U.S. mortgage crisis. Steps to shore up FannieMae and Freddie Mac could eventually stabilize home prices. Friday's closure of California-based IndyMac bank by federal regulators on Friday sparked investor panic that sent shares of mortgage finance giants Fannie Mae and Freddie Mac on a wild ride and fueled speculation of a government rescue. Friday's closure of California-based IndyMac bank by federal regulators on Friday sparked investor panic that sent shares of mortgage finance giants Fannie Mae and Freddie Mac on a wild ride and fueled speculation of a government rescue. On Sunday, the Treasury Department and Federal Reserve announced steps to make funds available to Fannie Mae and Freddie Mac if necessary. IndyMac, which reopened Monday under federal supervision, was once one of the nation's largest home lenders. A: Steps the federal government is taking to shore up Freddie Mac and Fannie Mae is ultimately a positive for the housing industry. Although it won't happen overnight, housing prices could be stabilized by the move. The reason? These two institutions are critical to the smooth functioning of the mortgage underwriting industry. Q: Is my money safe in the bank? A: Up to certain limits, money is safe in banks insured by the Federal Deposit Insurance Corp. A: Nothing, except both crises stem from the same problem: a drop in home prices and the inability of mortgage-holders to make their payments, thereby leaving banks (whether it was IndyMac, an actual lender, or Fannie/Freddie, the secondary banks that had bought mortgages) holding the bag. Q: Will the government's actions change the value of my home? A: Steps the federal government is taking to shore up Freddie Mac and Fannie Mae is ultimately a positive for the housing industry. A: Shoring up Freddie Mac and Fannie Mae is good news for consumer lending lending generally because it boosts confidence in the mortgage markets. If you already have a loan, it's won't have immediate consequences. We don't yet know if it will be successful and how much the two entities might take advantage of the federal governments offer to lend them money. For that reason, it's difficult to say what IndyMac, which reopened Monday under federal supervision, was once one of the nation's largest home lenders. Thanks in part to the nation's mortgage crisis, it lost hundreds of millions of dollars this year and last, and concerns about the bank led customers to withdraw $1.3 billion in the last two weeks, prompting the government takeover. Below, CNN's Ali Velshi and Gerri Willis answer questions about Fannie Mae, Freddie Mac and IndyMac and how you may be affected. Instead, they buy mortgages from banks and other lenders on the secondary market, thus freeing up more funds to home lenders. They resell bundled loans as mortgage-backed securities. Read more about Fannie Mae and Freddie Mac » Combined, the two companies own or guarantee almost half of the home loans in the United States, or $5.3 trillion of mortgage debt. Q: How did they get their names? A: Fannie Mae was created in 1938, during the Great Depression. Below, CNN's Ali Velshi and Gerri Willis answer questions about Fannie Mae, Freddie Mac and IndyMac and how you may be affected. Q: What are Fannie Mae and Freddie Mac and what do they do? A: Originally chartered by Congress, both were converted into private companies with shares traded on Wall Street. Neither company directly loans money to prospective home buyers. Instead, they buy mortgages from banks and other lenders on the secondary market, thus freeing up more funds to home lenders. The name Freddie Mac spawns from the acronym FHLMC, or Federal Home Loan Mortgage Corp. Q: What's the connection between the IndyMac takeover and Fannie Mae and Freddie Mac? A: Nothing, except both crises stem from the same problem: a drop in home prices and the inability of mortgage-holders to make their payments, thereby leaving banks (whether it was IndyMac, an actual lender, or Fannie/Freddie, the secondary banks that had bought mortgages) holding the bag. A: Fannie Mae was created in 1938, during the Great Depression. The nickname comes from the acronym FNMA, which stands for Federal National Mortgage Association. Freddie Mac was chartered by Congress as a private corporation in 1970 to end Fannie Mae's monopoly over the secondary mortgage market. The name Freddie Mac spawns from the acronym FHLMC, or Federal Home Loan Mortgage Corp. Q: What's the connection between the IndyMac takeover and Fannie Mae and Freddie Mac? But as a practical matter, consumers shouldn't count on that. Bottom line: Owning accounts with amounts that exceed the FDIC limits is like driving without a seat belt. Watch: Is your bank safe? » Q: How are the government's moves to help Fannie Mae and Freddie Mac going to affect mortgages, loans and the federal budget deficit? A: Shoring up Freddie Mac and Fannie Mae is good news for consumer lending lending generally because it boosts confidence in the mortgage markets. A: Up to certain limits, money is safe in banks insured by the Federal Deposit Insurance Corp. The FDIC guarantees traditional bank accounts up to $100,000 and individual retirement accounts up to $250,000. Money beyond those limits isn't guaranteed if a bank fails. In the case of IndyMac, the FDIC says it will cover 50 percent of uninsured balances there. But as a practical matter, consumers shouldn't count on that.

(CNN) -- Fannie Mae and Freddie Mac were created to help individuals realize the American dream of home ownership, but they now find their survival at risk in the U.S. mortgage crisis. Steps to shore up FannieMae and Freddie Mac could eventually stabilize home prices. Friday's closure of California-based IndyMac bank by federal regulators on Friday sparked investor panic that sent shares of mortgage finance giants Fannie Mae and Freddie Mac on a wild ride and fueled speculation of a government rescue. On Sunday, the Treasury Department and Federal Reserve announced steps to make funds available to Fannie Mae and Freddie Mac if necessary. IndyMac, which reopened Monday under federal supervision, was once one of the nation's largest home lenders. Thanks in part to the nation's mortgage crisis, it lost hundreds of millions of dollars this year and last, and concerns about the bank led customers to withdraw $1.3 billion in the last two weeks, prompting the government takeover. Below, CNN's Ali Velshi and Gerri Willis answer questions about Fannie Mae, Freddie Mac and IndyMac and how you may be affected. Q: What are Fannie Mae and Freddie Mac and what do they do? A: Originally chartered by Congress, both were converted into private companies with shares traded on Wall Street. Neither company directly loans money to prospective home buyers. Instead, they buy mortgages from banks and other lenders on the secondary market, thus freeing up more funds to home lenders. They resell bundled loans as mortgage-backed securities. Read more about Fannie Mae and Freddie Mac » Combined, the two companies own or guarantee almost half of the home loans in the United States, or $5.3 trillion of mortgage debt. Q: How did they get their names? A: Fannie Mae was created in 1938, during the Great Depression. The nickname comes from the acronym FNMA, which stands for Federal National Mortgage Association. Freddie Mac was chartered by Congress as a private corporation in 1970 to end Fannie Mae's monopoly over the secondary mortgage market. The name Freddie Mac spawns from the acronym FHLMC, or Federal Home Loan Mortgage Corp. Q: What's the connection between the IndyMac takeover and Fannie Mae and Freddie Mac? A: Nothing, except both crises stem from the same problem: a drop in home prices and the inability of mortgage-holders to make their payments, thereby leaving banks (whether it was IndyMac, an actual lender, or Fannie/Freddie, the secondary banks that had bought mortgages) holding the bag. Q: Will the government's actions change the value of my home? A: Steps the federal government is taking to shore up Freddie Mac and Fannie Mae is ultimately a positive for the housing industry. Although it won't happen overnight, housing prices could be stabilized by the move. The reason? These two institutions are critical to the smooth functioning of the mortgage underwriting industry. Q: Is my money safe in the bank? A: Up to certain limits, money is safe in banks insured by the Federal Deposit Insurance Corp. The FDIC guarantees traditional bank accounts up to $100,000 and individual retirement accounts up to $250,000. Money beyond those limits isn't guaranteed if a bank fails. In the case of IndyMac, the FDIC says it will cover 50 percent of uninsured balances there. But as a practical matter, consumers shouldn't count on that. Bottom line: Owning accounts with amounts that exceed the FDIC limits is like driving without a seat belt. Watch: Is your bank safe? » Q: How are the government's moves to help Fannie Mae and Freddie Mac going to affect mortgages, loans and the federal budget deficit? A: Shoring up Freddie Mac and Fannie Mae is good news for consumer lending lending generally because it boosts confidence in the mortgage markets. If you already have a loan, it's won't have immediate consequences. We don't yet know if it will be successful and how much the two entities might take advantage of the federal governments offer to lend them money. For that reason, it's difficult to say what

Who announced steps to shore up mortgage giants?

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(CNN) -- Fannie Mae and Freddie Mac were created to help individuals realize the American dream of home ownership, but they now find their survival at risk in the U.S. mortgage crisis. Steps to shore up FannieMae and Freddie Mac could eventually stabilize home prices. Friday's closure of California-based IndyMac bank by federal regulators on Friday sparked investor panic that sent shares of mortgage finance giants Fannie Mae and Freddie Mac on a wild ride and fueled speculation of a government rescue. Friday's closure of California-based IndyMac bank by federal regulators on Friday sparked investor panic that sent shares of mortgage finance giants Fannie Mae and Freddie Mac on a wild ride and fueled speculation of a government rescue. On Sunday, the Treasury Department and Federal Reserve announced steps to make funds available to Fannie Mae and Freddie Mac if necessary. IndyMac, which reopened Monday under federal supervision, was once one of the nation's largest home lenders. A: Steps the federal government is taking to shore up Freddie Mac and Fannie Mae is ultimately a positive for the housing industry. Although it won't happen overnight, housing prices could be stabilized by the move. The reason? These two institutions are critical to the smooth functioning of the mortgage underwriting industry. Q: Is my money safe in the bank? A: Up to certain limits, money is safe in banks insured by the Federal Deposit Insurance Corp. A: Nothing, except both crises stem from the same problem: a drop in home prices and the inability of mortgage-holders to make their payments, thereby leaving banks (whether it was IndyMac, an actual lender, or Fannie/Freddie, the secondary banks that had bought mortgages) holding the bag. Q: Will the government's actions change the value of my home? A: Steps the federal government is taking to shore up Freddie Mac and Fannie Mae is ultimately a positive for the housing industry. IndyMac, which reopened Monday under federal supervision, was once one of the nation's largest home lenders. Thanks in part to the nation's mortgage crisis, it lost hundreds of millions of dollars this year and last, and concerns about the bank led customers to withdraw $1.3 billion in the last two weeks, prompting the government takeover. Below, CNN's Ali Velshi and Gerri Willis answer questions about Fannie Mae, Freddie Mac and IndyMac and how you may be affected. A: Shoring up Freddie Mac and Fannie Mae is good news for consumer lending lending generally because it boosts confidence in the mortgage markets. If you already have a loan, it's won't have immediate consequences. We don't yet know if it will be successful and how much the two entities might take advantage of the federal governments offer to lend them money. For that reason, it's difficult to say what Instead, they buy mortgages from banks and other lenders on the secondary market, thus freeing up more funds to home lenders. They resell bundled loans as mortgage-backed securities. Read more about Fannie Mae and Freddie Mac » Combined, the two companies own or guarantee almost half of the home loans in the United States, or $5.3 trillion of mortgage debt. Q: How did they get their names? A: Fannie Mae was created in 1938, during the Great Depression. But as a practical matter, consumers shouldn't count on that. Bottom line: Owning accounts with amounts that exceed the FDIC limits is like driving without a seat belt. Watch: Is your bank safe? » Q: How are the government's moves to help Fannie Mae and Freddie Mac going to affect mortgages, loans and the federal budget deficit? A: Shoring up Freddie Mac and Fannie Mae is good news for consumer lending lending generally because it boosts confidence in the mortgage markets. The name Freddie Mac spawns from the acronym FHLMC, or Federal Home Loan Mortgage Corp. Q: What's the connection between the IndyMac takeover and Fannie Mae and Freddie Mac? A: Nothing, except both crises stem from the same problem: a drop in home prices and the inability of mortgage-holders to make their payments, thereby leaving banks (whether it was IndyMac, an actual lender, or Fannie/Freddie, the secondary banks that had bought mortgages) holding the bag. Below, CNN's Ali Velshi and Gerri Willis answer questions about Fannie Mae, Freddie Mac and IndyMac and how you may be affected. Q: What are Fannie Mae and Freddie Mac and what do they do? A: Originally chartered by Congress, both were converted into private companies with shares traded on Wall Street. Neither company directly loans money to prospective home buyers. Instead, they buy mortgages from banks and other lenders on the secondary market, thus freeing up more funds to home lenders. A: Fannie Mae was created in 1938, during the Great Depression. The nickname comes from the acronym FNMA, which stands for Federal National Mortgage Association. Freddie Mac was chartered by Congress as a private corporation in 1970 to end Fannie Mae's monopoly over the secondary mortgage market. The name Freddie Mac spawns from the acronym FHLMC, or Federal Home Loan Mortgage Corp. Q: What's the connection between the IndyMac takeover and Fannie Mae and Freddie Mac? A: Up to certain limits, money is safe in banks insured by the Federal Deposit Insurance Corp. The FDIC guarantees traditional bank accounts up to $100,000 and individual retirement accounts up to $250,000. Money beyond those limits isn't guaranteed if a bank fails. In the case of IndyMac, the FDIC says it will cover 50 percent of uninsured balances there. But as a practical matter, consumers shouldn't count on that.

(CNN) -- Fannie Mae and Freddie Mac were created to help individuals realize the American dream of home ownership, but they now find their survival at risk in the U.S. mortgage crisis. Steps to shore up FannieMae and Freddie Mac could eventually stabilize home prices. Friday's closure of California-based IndyMac bank by federal regulators on Friday sparked investor panic that sent shares of mortgage finance giants Fannie Mae and Freddie Mac on a wild ride and fueled speculation of a government rescue. On Sunday, the Treasury Department and Federal Reserve announced steps to make funds available to Fannie Mae and Freddie Mac if necessary. IndyMac, which reopened Monday under federal supervision, was once one of the nation's largest home lenders. Thanks in part to the nation's mortgage crisis, it lost hundreds of millions of dollars this year and last, and concerns about the bank led customers to withdraw $1.3 billion in the last two weeks, prompting the government takeover. Below, CNN's Ali Velshi and Gerri Willis answer questions about Fannie Mae, Freddie Mac and IndyMac and how you may be affected. Q: What are Fannie Mae and Freddie Mac and what do they do? A: Originally chartered by Congress, both were converted into private companies with shares traded on Wall Street. Neither company directly loans money to prospective home buyers. Instead, they buy mortgages from banks and other lenders on the secondary market, thus freeing up more funds to home lenders. They resell bundled loans as mortgage-backed securities. Read more about Fannie Mae and Freddie Mac » Combined, the two companies own or guarantee almost half of the home loans in the United States, or $5.3 trillion of mortgage debt. Q: How did they get their names? A: Fannie Mae was created in 1938, during the Great Depression. The nickname comes from the acronym FNMA, which stands for Federal National Mortgage Association. Freddie Mac was chartered by Congress as a private corporation in 1970 to end Fannie Mae's monopoly over the secondary mortgage market. The name Freddie Mac spawns from the acronym FHLMC, or Federal Home Loan Mortgage Corp. Q: What's the connection between the IndyMac takeover and Fannie Mae and Freddie Mac? A: Nothing, except both crises stem from the same problem: a drop in home prices and the inability of mortgage-holders to make their payments, thereby leaving banks (whether it was IndyMac, an actual lender, or Fannie/Freddie, the secondary banks that had bought mortgages) holding the bag. Q: Will the government's actions change the value of my home? A: Steps the federal government is taking to shore up Freddie Mac and Fannie Mae is ultimately a positive for the housing industry. Although it won't happen overnight, housing prices could be stabilized by the move. The reason? These two institutions are critical to the smooth functioning of the mortgage underwriting industry. Q: Is my money safe in the bank? A: Up to certain limits, money is safe in banks insured by the Federal Deposit Insurance Corp. The FDIC guarantees traditional bank accounts up to $100,000 and individual retirement accounts up to $250,000. Money beyond those limits isn't guaranteed if a bank fails. In the case of IndyMac, the FDIC says it will cover 50 percent of uninsured balances there. But as a practical matter, consumers shouldn't count on that. Bottom line: Owning accounts with amounts that exceed the FDIC limits is like driving without a seat belt. Watch: Is your bank safe? » Q: How are the government's moves to help Fannie Mae and Freddie Mac going to affect mortgages, loans and the federal budget deficit? A: Shoring up Freddie Mac and Fannie Mae is good news for consumer lending lending generally because it boosts confidence in the mortgage markets. If you already have a loan, it's won't have immediate consequences. We don't yet know if it will be successful and how much the two entities might take advantage of the federal governments offer to lend them money. For that reason, it's difficult to say what

Who owns almost half of the U.S home loans?

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Instead, they buy mortgages from banks and other lenders on the secondary market, thus freeing up more funds to home lenders. They resell bundled loans as mortgage-backed securities. Read more about Fannie Mae and Freddie Mac » Combined, the two companies own or guarantee almost half of the home loans in the United States, or $5.3 trillion of mortgage debt. Q: How did they get their names? A: Fannie Mae was created in 1938, during the Great Depression. IndyMac, which reopened Monday under federal supervision, was once one of the nation's largest home lenders. Thanks in part to the nation's mortgage crisis, it lost hundreds of millions of dollars this year and last, and concerns about the bank led customers to withdraw $1.3 billion in the last two weeks, prompting the government takeover. Below, CNN's Ali Velshi and Gerri Willis answer questions about Fannie Mae, Freddie Mac and IndyMac and how you may be affected. (CNN) -- Fannie Mae and Freddie Mac were created to help individuals realize the American dream of home ownership, but they now find their survival at risk in the U.S. mortgage crisis. Steps to shore up FannieMae and Freddie Mac could eventually stabilize home prices. Friday's closure of California-based IndyMac bank by federal regulators on Friday sparked investor panic that sent shares of mortgage finance giants Fannie Mae and Freddie Mac on a wild ride and fueled speculation of a government rescue. Friday's closure of California-based IndyMac bank by federal regulators on Friday sparked investor panic that sent shares of mortgage finance giants Fannie Mae and Freddie Mac on a wild ride and fueled speculation of a government rescue. On Sunday, the Treasury Department and Federal Reserve announced steps to make funds available to Fannie Mae and Freddie Mac if necessary. IndyMac, which reopened Monday under federal supervision, was once one of the nation's largest home lenders. Below, CNN's Ali Velshi and Gerri Willis answer questions about Fannie Mae, Freddie Mac and IndyMac and how you may be affected. Q: What are Fannie Mae and Freddie Mac and what do they do? A: Originally chartered by Congress, both were converted into private companies with shares traded on Wall Street. Neither company directly loans money to prospective home buyers. Instead, they buy mortgages from banks and other lenders on the secondary market, thus freeing up more funds to home lenders. The name Freddie Mac spawns from the acronym FHLMC, or Federal Home Loan Mortgage Corp. Q: What's the connection between the IndyMac takeover and Fannie Mae and Freddie Mac? A: Nothing, except both crises stem from the same problem: a drop in home prices and the inability of mortgage-holders to make their payments, thereby leaving banks (whether it was IndyMac, an actual lender, or Fannie/Freddie, the secondary banks that had bought mortgages) holding the bag. A: Fannie Mae was created in 1938, during the Great Depression. The nickname comes from the acronym FNMA, which stands for Federal National Mortgage Association. Freddie Mac was chartered by Congress as a private corporation in 1970 to end Fannie Mae's monopoly over the secondary mortgage market. The name Freddie Mac spawns from the acronym FHLMC, or Federal Home Loan Mortgage Corp. Q: What's the connection between the IndyMac takeover and Fannie Mae and Freddie Mac? A: Shoring up Freddie Mac and Fannie Mae is good news for consumer lending lending generally because it boosts confidence in the mortgage markets. If you already have a loan, it's won't have immediate consequences. We don't yet know if it will be successful and how much the two entities might take advantage of the federal governments offer to lend them money. For that reason, it's difficult to say what A: Nothing, except both crises stem from the same problem: a drop in home prices and the inability of mortgage-holders to make their payments, thereby leaving banks (whether it was IndyMac, an actual lender, or Fannie/Freddie, the secondary banks that had bought mortgages) holding the bag. Q: Will the government's actions change the value of my home? A: Steps the federal government is taking to shore up Freddie Mac and Fannie Mae is ultimately a positive for the housing industry. But as a practical matter, consumers shouldn't count on that. Bottom line: Owning accounts with amounts that exceed the FDIC limits is like driving without a seat belt. Watch: Is your bank safe? » Q: How are the government's moves to help Fannie Mae and Freddie Mac going to affect mortgages, loans and the federal budget deficit? A: Shoring up Freddie Mac and Fannie Mae is good news for consumer lending lending generally because it boosts confidence in the mortgage markets. A: Steps the federal government is taking to shore up Freddie Mac and Fannie Mae is ultimately a positive for the housing industry. Although it won't happen overnight, housing prices could be stabilized by the move. The reason? These two institutions are critical to the smooth functioning of the mortgage underwriting industry. Q: Is my money safe in the bank? A: Up to certain limits, money is safe in banks insured by the Federal Deposit Insurance Corp. A: Up to certain limits, money is safe in banks insured by the Federal Deposit Insurance Corp. The FDIC guarantees traditional bank accounts up to $100,000 and individual retirement accounts up to $250,000. Money beyond those limits isn't guaranteed if a bank fails. In the case of IndyMac, the FDIC says it will cover 50 percent of uninsured balances there. But as a practical matter, consumers shouldn't count on that.

(CNN) -- Fannie Mae and Freddie Mac were created to help individuals realize the American dream of home ownership, but they now find their survival at risk in the U.S. mortgage crisis. Steps to shore up FannieMae and Freddie Mac could eventually stabilize home prices. Friday's closure of California-based IndyMac bank by federal regulators on Friday sparked investor panic that sent shares of mortgage finance giants Fannie Mae and Freddie Mac on a wild ride and fueled speculation of a government rescue. On Sunday, the Treasury Department and Federal Reserve announced steps to make funds available to Fannie Mae and Freddie Mac if necessary. IndyMac, which reopened Monday under federal supervision, was once one of the nation's largest home lenders. Thanks in part to the nation's mortgage crisis, it lost hundreds of millions of dollars this year and last, and concerns about the bank led customers to withdraw $1.3 billion in the last two weeks, prompting the government takeover. Below, CNN's Ali Velshi and Gerri Willis answer questions about Fannie Mae, Freddie Mac and IndyMac and how you may be affected. Q: What are Fannie Mae and Freddie Mac and what do they do? A: Originally chartered by Congress, both were converted into private companies with shares traded on Wall Street. Neither company directly loans money to prospective home buyers. Instead, they buy mortgages from banks and other lenders on the secondary market, thus freeing up more funds to home lenders. They resell bundled loans as mortgage-backed securities. Read more about Fannie Mae and Freddie Mac » Combined, the two companies own or guarantee almost half of the home loans in the United States, or $5.3 trillion of mortgage debt. Q: How did they get their names? A: Fannie Mae was created in 1938, during the Great Depression. The nickname comes from the acronym FNMA, which stands for Federal National Mortgage Association. Freddie Mac was chartered by Congress as a private corporation in 1970 to end Fannie Mae's monopoly over the secondary mortgage market. The name Freddie Mac spawns from the acronym FHLMC, or Federal Home Loan Mortgage Corp. Q: What's the connection between the IndyMac takeover and Fannie Mae and Freddie Mac? A: Nothing, except both crises stem from the same problem: a drop in home prices and the inability of mortgage-holders to make their payments, thereby leaving banks (whether it was IndyMac, an actual lender, or Fannie/Freddie, the secondary banks that had bought mortgages) holding the bag. Q: Will the government's actions change the value of my home? A: Steps the federal government is taking to shore up Freddie Mac and Fannie Mae is ultimately a positive for the housing industry. Although it won't happen overnight, housing prices could be stabilized by the move. The reason? These two institutions are critical to the smooth functioning of the mortgage underwriting industry. Q: Is my money safe in the bank? A: Up to certain limits, money is safe in banks insured by the Federal Deposit Insurance Corp. The FDIC guarantees traditional bank accounts up to $100,000 and individual retirement accounts up to $250,000. Money beyond those limits isn't guaranteed if a bank fails. In the case of IndyMac, the FDIC says it will cover 50 percent of uninsured balances there. But as a practical matter, consumers shouldn't count on that. Bottom line: Owning accounts with amounts that exceed the FDIC limits is like driving without a seat belt. Watch: Is your bank safe? » Q: How are the government's moves to help Fannie Mae and Freddie Mac going to affect mortgages, loans and the federal budget deficit? A: Shoring up Freddie Mac and Fannie Mae is good news for consumer lending lending generally because it boosts confidence in the mortgage markets. If you already have a loan, it's won't have immediate consequences. We don't yet know if it will be successful and how much the two entities might take advantage of the federal governments offer to lend them money. For that reason, it's difficult to say what

What are two American "mortgage giants"?

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(CNN) -- Fannie Mae and Freddie Mac were created to help individuals realize the American dream of home ownership, but they now find their survival at risk in the U.S. mortgage crisis. Steps to shore up FannieMae and Freddie Mac could eventually stabilize home prices. Friday's closure of California-based IndyMac bank by federal regulators on Friday sparked investor panic that sent shares of mortgage finance giants Fannie Mae and Freddie Mac on a wild ride and fueled speculation of a government rescue. Friday's closure of California-based IndyMac bank by federal regulators on Friday sparked investor panic that sent shares of mortgage finance giants Fannie Mae and Freddie Mac on a wild ride and fueled speculation of a government rescue. On Sunday, the Treasury Department and Federal Reserve announced steps to make funds available to Fannie Mae and Freddie Mac if necessary. IndyMac, which reopened Monday under federal supervision, was once one of the nation's largest home lenders. Instead, they buy mortgages from banks and other lenders on the secondary market, thus freeing up more funds to home lenders. They resell bundled loans as mortgage-backed securities. Read more about Fannie Mae and Freddie Mac » Combined, the two companies own or guarantee almost half of the home loans in the United States, or $5.3 trillion of mortgage debt. Q: How did they get their names? A: Fannie Mae was created in 1938, during the Great Depression. IndyMac, which reopened Monday under federal supervision, was once one of the nation's largest home lenders. Thanks in part to the nation's mortgage crisis, it lost hundreds of millions of dollars this year and last, and concerns about the bank led customers to withdraw $1.3 billion in the last two weeks, prompting the government takeover. Below, CNN's Ali Velshi and Gerri Willis answer questions about Fannie Mae, Freddie Mac and IndyMac and how you may be affected. A: Fannie Mae was created in 1938, during the Great Depression. The nickname comes from the acronym FNMA, which stands for Federal National Mortgage Association. Freddie Mac was chartered by Congress as a private corporation in 1970 to end Fannie Mae's monopoly over the secondary mortgage market. The name Freddie Mac spawns from the acronym FHLMC, or Federal Home Loan Mortgage Corp. Q: What's the connection between the IndyMac takeover and Fannie Mae and Freddie Mac? The name Freddie Mac spawns from the acronym FHLMC, or Federal Home Loan Mortgage Corp. Q: What's the connection between the IndyMac takeover and Fannie Mae and Freddie Mac? A: Nothing, except both crises stem from the same problem: a drop in home prices and the inability of mortgage-holders to make their payments, thereby leaving banks (whether it was IndyMac, an actual lender, or Fannie/Freddie, the secondary banks that had bought mortgages) holding the bag. A: Shoring up Freddie Mac and Fannie Mae is good news for consumer lending lending generally because it boosts confidence in the mortgage markets. If you already have a loan, it's won't have immediate consequences. We don't yet know if it will be successful and how much the two entities might take advantage of the federal governments offer to lend them money. For that reason, it's difficult to say what Below, CNN's Ali Velshi and Gerri Willis answer questions about Fannie Mae, Freddie Mac and IndyMac and how you may be affected. Q: What are Fannie Mae and Freddie Mac and what do they do? A: Originally chartered by Congress, both were converted into private companies with shares traded on Wall Street. Neither company directly loans money to prospective home buyers. Instead, they buy mortgages from banks and other lenders on the secondary market, thus freeing up more funds to home lenders. A: Steps the federal government is taking to shore up Freddie Mac and Fannie Mae is ultimately a positive for the housing industry. Although it won't happen overnight, housing prices could be stabilized by the move. The reason? These two institutions are critical to the smooth functioning of the mortgage underwriting industry. Q: Is my money safe in the bank? A: Up to certain limits, money is safe in banks insured by the Federal Deposit Insurance Corp. A: Nothing, except both crises stem from the same problem: a drop in home prices and the inability of mortgage-holders to make their payments, thereby leaving banks (whether it was IndyMac, an actual lender, or Fannie/Freddie, the secondary banks that had bought mortgages) holding the bag. Q: Will the government's actions change the value of my home? A: Steps the federal government is taking to shore up Freddie Mac and Fannie Mae is ultimately a positive for the housing industry. But as a practical matter, consumers shouldn't count on that. Bottom line: Owning accounts with amounts that exceed the FDIC limits is like driving without a seat belt. Watch: Is your bank safe? » Q: How are the government's moves to help Fannie Mae and Freddie Mac going to affect mortgages, loans and the federal budget deficit? A: Shoring up Freddie Mac and Fannie Mae is good news for consumer lending lending generally because it boosts confidence in the mortgage markets. A: Up to certain limits, money is safe in banks insured by the Federal Deposit Insurance Corp. The FDIC guarantees traditional bank accounts up to $100,000 and individual retirement accounts up to $250,000. Money beyond those limits isn't guaranteed if a bank fails. In the case of IndyMac, the FDIC says it will cover 50 percent of uninsured balances there. But as a practical matter, consumers shouldn't count on that.

(CNN) -- Fannie Mae and Freddie Mac were created to help individuals realize the American dream of home ownership, but they now find their survival at risk in the U.S. mortgage crisis. Steps to shore up FannieMae and Freddie Mac could eventually stabilize home prices. Friday's closure of California-based IndyMac bank by federal regulators on Friday sparked investor panic that sent shares of mortgage finance giants Fannie Mae and Freddie Mac on a wild ride and fueled speculation of a government rescue. On Sunday, the Treasury Department and Federal Reserve announced steps to make funds available to Fannie Mae and Freddie Mac if necessary. IndyMac, which reopened Monday under federal supervision, was once one of the nation's largest home lenders. Thanks in part to the nation's mortgage crisis, it lost hundreds of millions of dollars this year and last, and concerns about the bank led customers to withdraw $1.3 billion in the last two weeks, prompting the government takeover. Below, CNN's Ali Velshi and Gerri Willis answer questions about Fannie Mae, Freddie Mac and IndyMac and how you may be affected. Q: What are Fannie Mae and Freddie Mac and what do they do? A: Originally chartered by Congress, both were converted into private companies with shares traded on Wall Street. Neither company directly loans money to prospective home buyers. Instead, they buy mortgages from banks and other lenders on the secondary market, thus freeing up more funds to home lenders. They resell bundled loans as mortgage-backed securities. Read more about Fannie Mae and Freddie Mac » Combined, the two companies own or guarantee almost half of the home loans in the United States, or $5.3 trillion of mortgage debt. Q: How did they get their names? A: Fannie Mae was created in 1938, during the Great Depression. The nickname comes from the acronym FNMA, which stands for Federal National Mortgage Association. Freddie Mac was chartered by Congress as a private corporation in 1970 to end Fannie Mae's monopoly over the secondary mortgage market. The name Freddie Mac spawns from the acronym FHLMC, or Federal Home Loan Mortgage Corp. Q: What's the connection between the IndyMac takeover and Fannie Mae and Freddie Mac? A: Nothing, except both crises stem from the same problem: a drop in home prices and the inability of mortgage-holders to make their payments, thereby leaving banks (whether it was IndyMac, an actual lender, or Fannie/Freddie, the secondary banks that had bought mortgages) holding the bag. Q: Will the government's actions change the value of my home? A: Steps the federal government is taking to shore up Freddie Mac and Fannie Mae is ultimately a positive for the housing industry. Although it won't happen overnight, housing prices could be stabilized by the move. The reason? These two institutions are critical to the smooth functioning of the mortgage underwriting industry. Q: Is my money safe in the bank? A: Up to certain limits, money is safe in banks insured by the Federal Deposit Insurance Corp. The FDIC guarantees traditional bank accounts up to $100,000 and individual retirement accounts up to $250,000. Money beyond those limits isn't guaranteed if a bank fails. In the case of IndyMac, the FDIC says it will cover 50 percent of uninsured balances there. But as a practical matter, consumers shouldn't count on that. Bottom line: Owning accounts with amounts that exceed the FDIC limits is like driving without a seat belt. Watch: Is your bank safe? » Q: How are the government's moves to help Fannie Mae and Freddie Mac going to affect mortgages, loans and the federal budget deficit? A: Shoring up Freddie Mac and Fannie Mae is good news for consumer lending lending generally because it boosts confidence in the mortgage markets. If you already have a loan, it's won't have immediate consequences. We don't yet know if it will be successful and how much the two entities might take advantage of the federal governments offer to lend them money. For that reason, it's difficult to say what

In what percentage of US home loans are these two large companies involved in?

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Instead, they buy mortgages from banks and other lenders on the secondary market, thus freeing up more funds to home lenders. They resell bundled loans as mortgage-backed securities. Read more about Fannie Mae and Freddie Mac » Combined, the two companies own or guarantee almost half of the home loans in the United States, or $5.3 trillion of mortgage debt. Q: How did they get their names? A: Fannie Mae was created in 1938, during the Great Depression. IndyMac, which reopened Monday under federal supervision, was once one of the nation's largest home lenders. Thanks in part to the nation's mortgage crisis, it lost hundreds of millions of dollars this year and last, and concerns about the bank led customers to withdraw $1.3 billion in the last two weeks, prompting the government takeover. Below, CNN's Ali Velshi and Gerri Willis answer questions about Fannie Mae, Freddie Mac and IndyMac and how you may be affected. Below, CNN's Ali Velshi and Gerri Willis answer questions about Fannie Mae, Freddie Mac and IndyMac and how you may be affected. Q: What are Fannie Mae and Freddie Mac and what do they do? A: Originally chartered by Congress, both were converted into private companies with shares traded on Wall Street. Neither company directly loans money to prospective home buyers. Instead, they buy mortgages from banks and other lenders on the secondary market, thus freeing up more funds to home lenders. A: Shoring up Freddie Mac and Fannie Mae is good news for consumer lending lending generally because it boosts confidence in the mortgage markets. If you already have a loan, it's won't have immediate consequences. We don't yet know if it will be successful and how much the two entities might take advantage of the federal governments offer to lend them money. For that reason, it's difficult to say what A: Steps the federal government is taking to shore up Freddie Mac and Fannie Mae is ultimately a positive for the housing industry. Although it won't happen overnight, housing prices could be stabilized by the move. The reason? These two institutions are critical to the smooth functioning of the mortgage underwriting industry. Q: Is my money safe in the bank? A: Up to certain limits, money is safe in banks insured by the Federal Deposit Insurance Corp. Friday's closure of California-based IndyMac bank by federal regulators on Friday sparked investor panic that sent shares of mortgage finance giants Fannie Mae and Freddie Mac on a wild ride and fueled speculation of a government rescue. On Sunday, the Treasury Department and Federal Reserve announced steps to make funds available to Fannie Mae and Freddie Mac if necessary. IndyMac, which reopened Monday under federal supervision, was once one of the nation's largest home lenders. (CNN) -- Fannie Mae and Freddie Mac were created to help individuals realize the American dream of home ownership, but they now find their survival at risk in the U.S. mortgage crisis. Steps to shore up FannieMae and Freddie Mac could eventually stabilize home prices. Friday's closure of California-based IndyMac bank by federal regulators on Friday sparked investor panic that sent shares of mortgage finance giants Fannie Mae and Freddie Mac on a wild ride and fueled speculation of a government rescue. The name Freddie Mac spawns from the acronym FHLMC, or Federal Home Loan Mortgage Corp. Q: What's the connection between the IndyMac takeover and Fannie Mae and Freddie Mac? A: Nothing, except both crises stem from the same problem: a drop in home prices and the inability of mortgage-holders to make their payments, thereby leaving banks (whether it was IndyMac, an actual lender, or Fannie/Freddie, the secondary banks that had bought mortgages) holding the bag. A: Up to certain limits, money is safe in banks insured by the Federal Deposit Insurance Corp. The FDIC guarantees traditional bank accounts up to $100,000 and individual retirement accounts up to $250,000. Money beyond those limits isn't guaranteed if a bank fails. In the case of IndyMac, the FDIC says it will cover 50 percent of uninsured balances there. But as a practical matter, consumers shouldn't count on that. A: Nothing, except both crises stem from the same problem: a drop in home prices and the inability of mortgage-holders to make their payments, thereby leaving banks (whether it was IndyMac, an actual lender, or Fannie/Freddie, the secondary banks that had bought mortgages) holding the bag. Q: Will the government's actions change the value of my home? A: Steps the federal government is taking to shore up Freddie Mac and Fannie Mae is ultimately a positive for the housing industry. But as a practical matter, consumers shouldn't count on that. Bottom line: Owning accounts with amounts that exceed the FDIC limits is like driving without a seat belt. Watch: Is your bank safe? » Q: How are the government's moves to help Fannie Mae and Freddie Mac going to affect mortgages, loans and the federal budget deficit? A: Shoring up Freddie Mac and Fannie Mae is good news for consumer lending lending generally because it boosts confidence in the mortgage markets. A: Fannie Mae was created in 1938, during the Great Depression. The nickname comes from the acronym FNMA, which stands for Federal National Mortgage Association. Freddie Mac was chartered by Congress as a private corporation in 1970 to end Fannie Mae's monopoly over the secondary mortgage market. The name Freddie Mac spawns from the acronym FHLMC, or Federal Home Loan Mortgage Corp. Q: What's the connection between the IndyMac takeover and Fannie Mae and Freddie Mac?

(CNN) -- Fannie Mae and Freddie Mac were created to help individuals realize the American dream of home ownership, but they now find their survival at risk in the U.S. mortgage crisis. Steps to shore up FannieMae and Freddie Mac could eventually stabilize home prices. Friday's closure of California-based IndyMac bank by federal regulators on Friday sparked investor panic that sent shares of mortgage finance giants Fannie Mae and Freddie Mac on a wild ride and fueled speculation of a government rescue. On Sunday, the Treasury Department and Federal Reserve announced steps to make funds available to Fannie Mae and Freddie Mac if necessary. IndyMac, which reopened Monday under federal supervision, was once one of the nation's largest home lenders. Thanks in part to the nation's mortgage crisis, it lost hundreds of millions of dollars this year and last, and concerns about the bank led customers to withdraw $1.3 billion in the last two weeks, prompting the government takeover. Below, CNN's Ali Velshi and Gerri Willis answer questions about Fannie Mae, Freddie Mac and IndyMac and how you may be affected. Q: What are Fannie Mae and Freddie Mac and what do they do? A: Originally chartered by Congress, both were converted into private companies with shares traded on Wall Street. Neither company directly loans money to prospective home buyers. Instead, they buy mortgages from banks and other lenders on the secondary market, thus freeing up more funds to home lenders. They resell bundled loans as mortgage-backed securities. Read more about Fannie Mae and Freddie Mac » Combined, the two companies own or guarantee almost half of the home loans in the United States, or $5.3 trillion of mortgage debt. Q: How did they get their names? A: Fannie Mae was created in 1938, during the Great Depression. The nickname comes from the acronym FNMA, which stands for Federal National Mortgage Association. Freddie Mac was chartered by Congress as a private corporation in 1970 to end Fannie Mae's monopoly over the secondary mortgage market. The name Freddie Mac spawns from the acronym FHLMC, or Federal Home Loan Mortgage Corp. Q: What's the connection between the IndyMac takeover and Fannie Mae and Freddie Mac? A: Nothing, except both crises stem from the same problem: a drop in home prices and the inability of mortgage-holders to make their payments, thereby leaving banks (whether it was IndyMac, an actual lender, or Fannie/Freddie, the secondary banks that had bought mortgages) holding the bag. Q: Will the government's actions change the value of my home? A: Steps the federal government is taking to shore up Freddie Mac and Fannie Mae is ultimately a positive for the housing industry. Although it won't happen overnight, housing prices could be stabilized by the move. The reason? These two institutions are critical to the smooth functioning of the mortgage underwriting industry. Q: Is my money safe in the bank? A: Up to certain limits, money is safe in banks insured by the Federal Deposit Insurance Corp. The FDIC guarantees traditional bank accounts up to $100,000 and individual retirement accounts up to $250,000. Money beyond those limits isn't guaranteed if a bank fails. In the case of IndyMac, the FDIC says it will cover 50 percent of uninsured balances there. But as a practical matter, consumers shouldn't count on that. Bottom line: Owning accounts with amounts that exceed the FDIC limits is like driving without a seat belt. Watch: Is your bank safe? » Q: How are the government's moves to help Fannie Mae and Freddie Mac going to affect mortgages, loans and the federal budget deficit? A: Shoring up Freddie Mac and Fannie Mae is good news for consumer lending lending generally because it boosts confidence in the mortgage markets. If you already have a loan, it's won't have immediate consequences. We don't yet know if it will be successful and how much the two entities might take advantage of the federal governments offer to lend them money. For that reason, it's difficult to say what

Who will shore up mortgage giants if necessary?

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Friday's closure of California-based IndyMac bank by federal regulators on Friday sparked investor panic that sent shares of mortgage finance giants Fannie Mae and Freddie Mac on a wild ride and fueled speculation of a government rescue. On Sunday, the Treasury Department and Federal Reserve announced steps to make funds available to Fannie Mae and Freddie Mac if necessary. IndyMac, which reopened Monday under federal supervision, was once one of the nation's largest home lenders. (CNN) -- Fannie Mae and Freddie Mac were created to help individuals realize the American dream of home ownership, but they now find their survival at risk in the U.S. mortgage crisis. Steps to shore up FannieMae and Freddie Mac could eventually stabilize home prices. Friday's closure of California-based IndyMac bank by federal regulators on Friday sparked investor panic that sent shares of mortgage finance giants Fannie Mae and Freddie Mac on a wild ride and fueled speculation of a government rescue. A: Steps the federal government is taking to shore up Freddie Mac and Fannie Mae is ultimately a positive for the housing industry. Although it won't happen overnight, housing prices could be stabilized by the move. The reason? These two institutions are critical to the smooth functioning of the mortgage underwriting industry. Q: Is my money safe in the bank? A: Up to certain limits, money is safe in banks insured by the Federal Deposit Insurance Corp. A: Nothing, except both crises stem from the same problem: a drop in home prices and the inability of mortgage-holders to make their payments, thereby leaving banks (whether it was IndyMac, an actual lender, or Fannie/Freddie, the secondary banks that had bought mortgages) holding the bag. Q: Will the government's actions change the value of my home? A: Steps the federal government is taking to shore up Freddie Mac and Fannie Mae is ultimately a positive for the housing industry. A: Shoring up Freddie Mac and Fannie Mae is good news for consumer lending lending generally because it boosts confidence in the mortgage markets. If you already have a loan, it's won't have immediate consequences. We don't yet know if it will be successful and how much the two entities might take advantage of the federal governments offer to lend them money. For that reason, it's difficult to say what But as a practical matter, consumers shouldn't count on that. Bottom line: Owning accounts with amounts that exceed the FDIC limits is like driving without a seat belt. Watch: Is your bank safe? » Q: How are the government's moves to help Fannie Mae and Freddie Mac going to affect mortgages, loans and the federal budget deficit? A: Shoring up Freddie Mac and Fannie Mae is good news for consumer lending lending generally because it boosts confidence in the mortgage markets. IndyMac, which reopened Monday under federal supervision, was once one of the nation's largest home lenders. Thanks in part to the nation's mortgage crisis, it lost hundreds of millions of dollars this year and last, and concerns about the bank led customers to withdraw $1.3 billion in the last two weeks, prompting the government takeover. Below, CNN's Ali Velshi and Gerri Willis answer questions about Fannie Mae, Freddie Mac and IndyMac and how you may be affected. Instead, they buy mortgages from banks and other lenders on the secondary market, thus freeing up more funds to home lenders. They resell bundled loans as mortgage-backed securities. Read more about Fannie Mae and Freddie Mac » Combined, the two companies own or guarantee almost half of the home loans in the United States, or $5.3 trillion of mortgage debt. Q: How did they get their names? A: Fannie Mae was created in 1938, during the Great Depression. Below, CNN's Ali Velshi and Gerri Willis answer questions about Fannie Mae, Freddie Mac and IndyMac and how you may be affected. Q: What are Fannie Mae and Freddie Mac and what do they do? A: Originally chartered by Congress, both were converted into private companies with shares traded on Wall Street. Neither company directly loans money to prospective home buyers. Instead, they buy mortgages from banks and other lenders on the secondary market, thus freeing up more funds to home lenders. The name Freddie Mac spawns from the acronym FHLMC, or Federal Home Loan Mortgage Corp. Q: What's the connection between the IndyMac takeover and Fannie Mae and Freddie Mac? A: Nothing, except both crises stem from the same problem: a drop in home prices and the inability of mortgage-holders to make their payments, thereby leaving banks (whether it was IndyMac, an actual lender, or Fannie/Freddie, the secondary banks that had bought mortgages) holding the bag. A: Up to certain limits, money is safe in banks insured by the Federal Deposit Insurance Corp. The FDIC guarantees traditional bank accounts up to $100,000 and individual retirement accounts up to $250,000. Money beyond those limits isn't guaranteed if a bank fails. In the case of IndyMac, the FDIC says it will cover 50 percent of uninsured balances there. But as a practical matter, consumers shouldn't count on that. A: Fannie Mae was created in 1938, during the Great Depression. The nickname comes from the acronym FNMA, which stands for Federal National Mortgage Association. Freddie Mac was chartered by Congress as a private corporation in 1970 to end Fannie Mae's monopoly over the secondary mortgage market. The name Freddie Mac spawns from the acronym FHLMC, or Federal Home Loan Mortgage Corp. Q: What's the connection between the IndyMac takeover and Fannie Mae and Freddie Mac?

(CNN) -- Fannie Mae and Freddie Mac were created to help individuals realize the American dream of home ownership, but they now find their survival at risk in the U.S. mortgage crisis. Steps to shore up FannieMae and Freddie Mac could eventually stabilize home prices. Friday's closure of California-based IndyMac bank by federal regulators on Friday sparked investor panic that sent shares of mortgage finance giants Fannie Mae and Freddie Mac on a wild ride and fueled speculation of a government rescue. On Sunday, the Treasury Department and Federal Reserve announced steps to make funds available to Fannie Mae and Freddie Mac if necessary. IndyMac, which reopened Monday under federal supervision, was once one of the nation's largest home lenders. Thanks in part to the nation's mortgage crisis, it lost hundreds of millions of dollars this year and last, and concerns about the bank led customers to withdraw $1.3 billion in the last two weeks, prompting the government takeover. Below, CNN's Ali Velshi and Gerri Willis answer questions about Fannie Mae, Freddie Mac and IndyMac and how you may be affected. Q: What are Fannie Mae and Freddie Mac and what do they do? A: Originally chartered by Congress, both were converted into private companies with shares traded on Wall Street. Neither company directly loans money to prospective home buyers. Instead, they buy mortgages from banks and other lenders on the secondary market, thus freeing up more funds to home lenders. They resell bundled loans as mortgage-backed securities. Read more about Fannie Mae and Freddie Mac » Combined, the two companies own or guarantee almost half of the home loans in the United States, or $5.3 trillion of mortgage debt. Q: How did they get their names? A: Fannie Mae was created in 1938, during the Great Depression. The nickname comes from the acronym FNMA, which stands for Federal National Mortgage Association. Freddie Mac was chartered by Congress as a private corporation in 1970 to end Fannie Mae's monopoly over the secondary mortgage market. The name Freddie Mac spawns from the acronym FHLMC, or Federal Home Loan Mortgage Corp. Q: What's the connection between the IndyMac takeover and Fannie Mae and Freddie Mac? A: Nothing, except both crises stem from the same problem: a drop in home prices and the inability of mortgage-holders to make their payments, thereby leaving banks (whether it was IndyMac, an actual lender, or Fannie/Freddie, the secondary banks that had bought mortgages) holding the bag. Q: Will the government's actions change the value of my home? A: Steps the federal government is taking to shore up Freddie Mac and Fannie Mae is ultimately a positive for the housing industry. Although it won't happen overnight, housing prices could be stabilized by the move. The reason? These two institutions are critical to the smooth functioning of the mortgage underwriting industry. Q: Is my money safe in the bank? A: Up to certain limits, money is safe in banks insured by the Federal Deposit Insurance Corp. The FDIC guarantees traditional bank accounts up to $100,000 and individual retirement accounts up to $250,000. Money beyond those limits isn't guaranteed if a bank fails. In the case of IndyMac, the FDIC says it will cover 50 percent of uninsured balances there. But as a practical matter, consumers shouldn't count on that. Bottom line: Owning accounts with amounts that exceed the FDIC limits is like driving without a seat belt. Watch: Is your bank safe? » Q: How are the government's moves to help Fannie Mae and Freddie Mac going to affect mortgages, loans and the federal budget deficit? A: Shoring up Freddie Mac and Fannie Mae is good news for consumer lending lending generally because it boosts confidence in the mortgage markets. If you already have a loan, it's won't have immediate consequences. We don't yet know if it will be successful and how much the two entities might take advantage of the federal governments offer to lend them money. For that reason, it's difficult to say what

What could stabilize home prices?

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(CNN) -- Fannie Mae and Freddie Mac were created to help individuals realize the American dream of home ownership, but they now find their survival at risk in the U.S. mortgage crisis. Steps to shore up FannieMae and Freddie Mac could eventually stabilize home prices. Friday's closure of California-based IndyMac bank by federal regulators on Friday sparked investor panic that sent shares of mortgage finance giants Fannie Mae and Freddie Mac on a wild ride and fueled speculation of a government rescue. A: Steps the federal government is taking to shore up Freddie Mac and Fannie Mae is ultimately a positive for the housing industry. Although it won't happen overnight, housing prices could be stabilized by the move. The reason? These two institutions are critical to the smooth functioning of the mortgage underwriting industry. Q: Is my money safe in the bank? A: Up to certain limits, money is safe in banks insured by the Federal Deposit Insurance Corp. A: Nothing, except both crises stem from the same problem: a drop in home prices and the inability of mortgage-holders to make their payments, thereby leaving banks (whether it was IndyMac, an actual lender, or Fannie/Freddie, the secondary banks that had bought mortgages) holding the bag. Q: Will the government's actions change the value of my home? A: Steps the federal government is taking to shore up Freddie Mac and Fannie Mae is ultimately a positive for the housing industry. The name Freddie Mac spawns from the acronym FHLMC, or Federal Home Loan Mortgage Corp. Q: What's the connection between the IndyMac takeover and Fannie Mae and Freddie Mac? A: Nothing, except both crises stem from the same problem: a drop in home prices and the inability of mortgage-holders to make their payments, thereby leaving banks (whether it was IndyMac, an actual lender, or Fannie/Freddie, the secondary banks that had bought mortgages) holding the bag. But as a practical matter, consumers shouldn't count on that. Bottom line: Owning accounts with amounts that exceed the FDIC limits is like driving without a seat belt. Watch: Is your bank safe? » Q: How are the government's moves to help Fannie Mae and Freddie Mac going to affect mortgages, loans and the federal budget deficit? A: Shoring up Freddie Mac and Fannie Mae is good news for consumer lending lending generally because it boosts confidence in the mortgage markets. A: Shoring up Freddie Mac and Fannie Mae is good news for consumer lending lending generally because it boosts confidence in the mortgage markets. If you already have a loan, it's won't have immediate consequences. We don't yet know if it will be successful and how much the two entities might take advantage of the federal governments offer to lend them money. For that reason, it's difficult to say what IndyMac, which reopened Monday under federal supervision, was once one of the nation's largest home lenders. Thanks in part to the nation's mortgage crisis, it lost hundreds of millions of dollars this year and last, and concerns about the bank led customers to withdraw $1.3 billion in the last two weeks, prompting the government takeover. Below, CNN's Ali Velshi and Gerri Willis answer questions about Fannie Mae, Freddie Mac and IndyMac and how you may be affected. Instead, they buy mortgages from banks and other lenders on the secondary market, thus freeing up more funds to home lenders. They resell bundled loans as mortgage-backed securities. Read more about Fannie Mae and Freddie Mac » Combined, the two companies own or guarantee almost half of the home loans in the United States, or $5.3 trillion of mortgage debt. Q: How did they get their names? A: Fannie Mae was created in 1938, during the Great Depression. Below, CNN's Ali Velshi and Gerri Willis answer questions about Fannie Mae, Freddie Mac and IndyMac and how you may be affected. Q: What are Fannie Mae and Freddie Mac and what do they do? A: Originally chartered by Congress, both were converted into private companies with shares traded on Wall Street. Neither company directly loans money to prospective home buyers. Instead, they buy mortgages from banks and other lenders on the secondary market, thus freeing up more funds to home lenders. Friday's closure of California-based IndyMac bank by federal regulators on Friday sparked investor panic that sent shares of mortgage finance giants Fannie Mae and Freddie Mac on a wild ride and fueled speculation of a government rescue. On Sunday, the Treasury Department and Federal Reserve announced steps to make funds available to Fannie Mae and Freddie Mac if necessary. IndyMac, which reopened Monday under federal supervision, was once one of the nation's largest home lenders. A: Up to certain limits, money is safe in banks insured by the Federal Deposit Insurance Corp. The FDIC guarantees traditional bank accounts up to $100,000 and individual retirement accounts up to $250,000. Money beyond those limits isn't guaranteed if a bank fails. In the case of IndyMac, the FDIC says it will cover 50 percent of uninsured balances there. But as a practical matter, consumers shouldn't count on that. A: Fannie Mae was created in 1938, during the Great Depression. The nickname comes from the acronym FNMA, which stands for Federal National Mortgage Association. Freddie Mac was chartered by Congress as a private corporation in 1970 to end Fannie Mae's monopoly over the secondary mortgage market. The name Freddie Mac spawns from the acronym FHLMC, or Federal Home Loan Mortgage Corp. Q: What's the connection between the IndyMac takeover and Fannie Mae and Freddie Mac?

(CNN) -- Fannie Mae and Freddie Mac were created to help individuals realize the American dream of home ownership, but they now find their survival at risk in the U.S. mortgage crisis. Steps to shore up FannieMae and Freddie Mac could eventually stabilize home prices. Friday's closure of California-based IndyMac bank by federal regulators on Friday sparked investor panic that sent shares of mortgage finance giants Fannie Mae and Freddie Mac on a wild ride and fueled speculation of a government rescue. On Sunday, the Treasury Department and Federal Reserve announced steps to make funds available to Fannie Mae and Freddie Mac if necessary. IndyMac, which reopened Monday under federal supervision, was once one of the nation's largest home lenders. Thanks in part to the nation's mortgage crisis, it lost hundreds of millions of dollars this year and last, and concerns about the bank led customers to withdraw $1.3 billion in the last two weeks, prompting the government takeover. Below, CNN's Ali Velshi and Gerri Willis answer questions about Fannie Mae, Freddie Mac and IndyMac and how you may be affected. Q: What are Fannie Mae and Freddie Mac and what do they do? A: Originally chartered by Congress, both were converted into private companies with shares traded on Wall Street. Neither company directly loans money to prospective home buyers. Instead, they buy mortgages from banks and other lenders on the secondary market, thus freeing up more funds to home lenders. They resell bundled loans as mortgage-backed securities. Read more about Fannie Mae and Freddie Mac » Combined, the two companies own or guarantee almost half of the home loans in the United States, or $5.3 trillion of mortgage debt. Q: How did they get their names? A: Fannie Mae was created in 1938, during the Great Depression. The nickname comes from the acronym FNMA, which stands for Federal National Mortgage Association. Freddie Mac was chartered by Congress as a private corporation in 1970 to end Fannie Mae's monopoly over the secondary mortgage market. The name Freddie Mac spawns from the acronym FHLMC, or Federal Home Loan Mortgage Corp. Q: What's the connection between the IndyMac takeover and Fannie Mae and Freddie Mac? A: Nothing, except both crises stem from the same problem: a drop in home prices and the inability of mortgage-holders to make their payments, thereby leaving banks (whether it was IndyMac, an actual lender, or Fannie/Freddie, the secondary banks that had bought mortgages) holding the bag. Q: Will the government's actions change the value of my home? A: Steps the federal government is taking to shore up Freddie Mac and Fannie Mae is ultimately a positive for the housing industry. Although it won't happen overnight, housing prices could be stabilized by the move. The reason? These two institutions are critical to the smooth functioning of the mortgage underwriting industry. Q: Is my money safe in the bank? A: Up to certain limits, money is safe in banks insured by the Federal Deposit Insurance Corp. The FDIC guarantees traditional bank accounts up to $100,000 and individual retirement accounts up to $250,000. Money beyond those limits isn't guaranteed if a bank fails. In the case of IndyMac, the FDIC says it will cover 50 percent of uninsured balances there. But as a practical matter, consumers shouldn't count on that. Bottom line: Owning accounts with amounts that exceed the FDIC limits is like driving without a seat belt. Watch: Is your bank safe? » Q: How are the government's moves to help Fannie Mae and Freddie Mac going to affect mortgages, loans and the federal budget deficit? A: Shoring up Freddie Mac and Fannie Mae is good news for consumer lending lending generally because it boosts confidence in the mortgage markets. If you already have a loan, it's won't have immediate consequences. We don't yet know if it will be successful and how much the two entities might take advantage of the federal governments offer to lend them money. For that reason, it's difficult to say what

Who owns almost half of home loans?

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Instead, they buy mortgages from banks and other lenders on the secondary market, thus freeing up more funds to home lenders. They resell bundled loans as mortgage-backed securities. Read more about Fannie Mae and Freddie Mac » Combined, the two companies own or guarantee almost half of the home loans in the United States, or $5.3 trillion of mortgage debt. Q: How did they get their names? A: Fannie Mae was created in 1938, during the Great Depression. IndyMac, which reopened Monday under federal supervision, was once one of the nation's largest home lenders. Thanks in part to the nation's mortgage crisis, it lost hundreds of millions of dollars this year and last, and concerns about the bank led customers to withdraw $1.3 billion in the last two weeks, prompting the government takeover. Below, CNN's Ali Velshi and Gerri Willis answer questions about Fannie Mae, Freddie Mac and IndyMac and how you may be affected. (CNN) -- Fannie Mae and Freddie Mac were created to help individuals realize the American dream of home ownership, but they now find their survival at risk in the U.S. mortgage crisis. Steps to shore up FannieMae and Freddie Mac could eventually stabilize home prices. Friday's closure of California-based IndyMac bank by federal regulators on Friday sparked investor panic that sent shares of mortgage finance giants Fannie Mae and Freddie Mac on a wild ride and fueled speculation of a government rescue. Below, CNN's Ali Velshi and Gerri Willis answer questions about Fannie Mae, Freddie Mac and IndyMac and how you may be affected. Q: What are Fannie Mae and Freddie Mac and what do they do? A: Originally chartered by Congress, both were converted into private companies with shares traded on Wall Street. Neither company directly loans money to prospective home buyers. Instead, they buy mortgages from banks and other lenders on the secondary market, thus freeing up more funds to home lenders. Friday's closure of California-based IndyMac bank by federal regulators on Friday sparked investor panic that sent shares of mortgage finance giants Fannie Mae and Freddie Mac on a wild ride and fueled speculation of a government rescue. On Sunday, the Treasury Department and Federal Reserve announced steps to make funds available to Fannie Mae and Freddie Mac if necessary. IndyMac, which reopened Monday under federal supervision, was once one of the nation's largest home lenders. The name Freddie Mac spawns from the acronym FHLMC, or Federal Home Loan Mortgage Corp. Q: What's the connection between the IndyMac takeover and Fannie Mae and Freddie Mac? A: Nothing, except both crises stem from the same problem: a drop in home prices and the inability of mortgage-holders to make their payments, thereby leaving banks (whether it was IndyMac, an actual lender, or Fannie/Freddie, the secondary banks that had bought mortgages) holding the bag. But as a practical matter, consumers shouldn't count on that. Bottom line: Owning accounts with amounts that exceed the FDIC limits is like driving without a seat belt. Watch: Is your bank safe? » Q: How are the government's moves to help Fannie Mae and Freddie Mac going to affect mortgages, loans and the federal budget deficit? A: Shoring up Freddie Mac and Fannie Mae is good news for consumer lending lending generally because it boosts confidence in the mortgage markets. A: Fannie Mae was created in 1938, during the Great Depression. The nickname comes from the acronym FNMA, which stands for Federal National Mortgage Association. Freddie Mac was chartered by Congress as a private corporation in 1970 to end Fannie Mae's monopoly over the secondary mortgage market. The name Freddie Mac spawns from the acronym FHLMC, or Federal Home Loan Mortgage Corp. Q: What's the connection between the IndyMac takeover and Fannie Mae and Freddie Mac? A: Nothing, except both crises stem from the same problem: a drop in home prices and the inability of mortgage-holders to make their payments, thereby leaving banks (whether it was IndyMac, an actual lender, or Fannie/Freddie, the secondary banks that had bought mortgages) holding the bag. Q: Will the government's actions change the value of my home? A: Steps the federal government is taking to shore up Freddie Mac and Fannie Mae is ultimately a positive for the housing industry. A: Shoring up Freddie Mac and Fannie Mae is good news for consumer lending lending generally because it boosts confidence in the mortgage markets. If you already have a loan, it's won't have immediate consequences. We don't yet know if it will be successful and how much the two entities might take advantage of the federal governments offer to lend them money. For that reason, it's difficult to say what A: Steps the federal government is taking to shore up Freddie Mac and Fannie Mae is ultimately a positive for the housing industry. Although it won't happen overnight, housing prices could be stabilized by the move. The reason? These two institutions are critical to the smooth functioning of the mortgage underwriting industry. Q: Is my money safe in the bank? A: Up to certain limits, money is safe in banks insured by the Federal Deposit Insurance Corp. A: Up to certain limits, money is safe in banks insured by the Federal Deposit Insurance Corp. The FDIC guarantees traditional bank accounts up to $100,000 and individual retirement accounts up to $250,000. Money beyond those limits isn't guaranteed if a bank fails. In the case of IndyMac, the FDIC says it will cover 50 percent of uninsured balances there. But as a practical matter, consumers shouldn't count on that.

(CNN) -- Fannie Mae and Freddie Mac were created to help individuals realize the American dream of home ownership, but they now find their survival at risk in the U.S. mortgage crisis. Steps to shore up FannieMae and Freddie Mac could eventually stabilize home prices. Friday's closure of California-based IndyMac bank by federal regulators on Friday sparked investor panic that sent shares of mortgage finance giants Fannie Mae and Freddie Mac on a wild ride and fueled speculation of a government rescue. On Sunday, the Treasury Department and Federal Reserve announced steps to make funds available to Fannie Mae and Freddie Mac if necessary. IndyMac, which reopened Monday under federal supervision, was once one of the nation's largest home lenders. Thanks in part to the nation's mortgage crisis, it lost hundreds of millions of dollars this year and last, and concerns about the bank led customers to withdraw $1.3 billion in the last two weeks, prompting the government takeover. Below, CNN's Ali Velshi and Gerri Willis answer questions about Fannie Mae, Freddie Mac and IndyMac and how you may be affected. Q: What are Fannie Mae and Freddie Mac and what do they do? A: Originally chartered by Congress, both were converted into private companies with shares traded on Wall Street. Neither company directly loans money to prospective home buyers. Instead, they buy mortgages from banks and other lenders on the secondary market, thus freeing up more funds to home lenders. They resell bundled loans as mortgage-backed securities. Read more about Fannie Mae and Freddie Mac » Combined, the two companies own or guarantee almost half of the home loans in the United States, or $5.3 trillion of mortgage debt. Q: How did they get their names? A: Fannie Mae was created in 1938, during the Great Depression. The nickname comes from the acronym FNMA, which stands for Federal National Mortgage Association. Freddie Mac was chartered by Congress as a private corporation in 1970 to end Fannie Mae's monopoly over the secondary mortgage market. The name Freddie Mac spawns from the acronym FHLMC, or Federal Home Loan Mortgage Corp. Q: What's the connection between the IndyMac takeover and Fannie Mae and Freddie Mac? A: Nothing, except both crises stem from the same problem: a drop in home prices and the inability of mortgage-holders to make their payments, thereby leaving banks (whether it was IndyMac, an actual lender, or Fannie/Freddie, the secondary banks that had bought mortgages) holding the bag. Q: Will the government's actions change the value of my home? A: Steps the federal government is taking to shore up Freddie Mac and Fannie Mae is ultimately a positive for the housing industry. Although it won't happen overnight, housing prices could be stabilized by the move. The reason? These two institutions are critical to the smooth functioning of the mortgage underwriting industry. Q: Is my money safe in the bank? A: Up to certain limits, money is safe in banks insured by the Federal Deposit Insurance Corp. The FDIC guarantees traditional bank accounts up to $100,000 and individual retirement accounts up to $250,000. Money beyond those limits isn't guaranteed if a bank fails. In the case of IndyMac, the FDIC says it will cover 50 percent of uninsured balances there. But as a practical matter, consumers shouldn't count on that. Bottom line: Owning accounts with amounts that exceed the FDIC limits is like driving without a seat belt. Watch: Is your bank safe? » Q: How are the government's moves to help Fannie Mae and Freddie Mac going to affect mortgages, loans and the federal budget deficit? A: Shoring up Freddie Mac and Fannie Mae is good news for consumer lending lending generally because it boosts confidence in the mortgage markets. If you already have a loan, it's won't have immediate consequences. We don't yet know if it will be successful and how much the two entities might take advantage of the federal governments offer to lend them money. For that reason, it's difficult to say what

What could stablize home price?

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A: Steps the federal government is taking to shore up Freddie Mac and Fannie Mae is ultimately a positive for the housing industry. Although it won't happen overnight, housing prices could be stabilized by the move. The reason? These two institutions are critical to the smooth functioning of the mortgage underwriting industry. Q: Is my money safe in the bank? A: Up to certain limits, money is safe in banks insured by the Federal Deposit Insurance Corp. (CNN) -- Fannie Mae and Freddie Mac were created to help individuals realize the American dream of home ownership, but they now find their survival at risk in the U.S. mortgage crisis. Steps to shore up FannieMae and Freddie Mac could eventually stabilize home prices. Friday's closure of California-based IndyMac bank by federal regulators on Friday sparked investor panic that sent shares of mortgage finance giants Fannie Mae and Freddie Mac on a wild ride and fueled speculation of a government rescue. A: Nothing, except both crises stem from the same problem: a drop in home prices and the inability of mortgage-holders to make their payments, thereby leaving banks (whether it was IndyMac, an actual lender, or Fannie/Freddie, the secondary banks that had bought mortgages) holding the bag. Q: Will the government's actions change the value of my home? A: Steps the federal government is taking to shore up Freddie Mac and Fannie Mae is ultimately a positive for the housing industry. The name Freddie Mac spawns from the acronym FHLMC, or Federal Home Loan Mortgage Corp. Q: What's the connection between the IndyMac takeover and Fannie Mae and Freddie Mac? A: Nothing, except both crises stem from the same problem: a drop in home prices and the inability of mortgage-holders to make their payments, thereby leaving banks (whether it was IndyMac, an actual lender, or Fannie/Freddie, the secondary banks that had bought mortgages) holding the bag. Instead, they buy mortgages from banks and other lenders on the secondary market, thus freeing up more funds to home lenders. They resell bundled loans as mortgage-backed securities. Read more about Fannie Mae and Freddie Mac » Combined, the two companies own or guarantee almost half of the home loans in the United States, or $5.3 trillion of mortgage debt. Q: How did they get their names? A: Fannie Mae was created in 1938, during the Great Depression. IndyMac, which reopened Monday under federal supervision, was once one of the nation's largest home lenders. Thanks in part to the nation's mortgage crisis, it lost hundreds of millions of dollars this year and last, and concerns about the bank led customers to withdraw $1.3 billion in the last two weeks, prompting the government takeover. Below, CNN's Ali Velshi and Gerri Willis answer questions about Fannie Mae, Freddie Mac and IndyMac and how you may be affected. A: Shoring up Freddie Mac and Fannie Mae is good news for consumer lending lending generally because it boosts confidence in the mortgage markets. If you already have a loan, it's won't have immediate consequences. We don't yet know if it will be successful and how much the two entities might take advantage of the federal governments offer to lend them money. For that reason, it's difficult to say what Below, CNN's Ali Velshi and Gerri Willis answer questions about Fannie Mae, Freddie Mac and IndyMac and how you may be affected. Q: What are Fannie Mae and Freddie Mac and what do they do? A: Originally chartered by Congress, both were converted into private companies with shares traded on Wall Street. Neither company directly loans money to prospective home buyers. Instead, they buy mortgages from banks and other lenders on the secondary market, thus freeing up more funds to home lenders. Friday's closure of California-based IndyMac bank by federal regulators on Friday sparked investor panic that sent shares of mortgage finance giants Fannie Mae and Freddie Mac on a wild ride and fueled speculation of a government rescue. On Sunday, the Treasury Department and Federal Reserve announced steps to make funds available to Fannie Mae and Freddie Mac if necessary. IndyMac, which reopened Monday under federal supervision, was once one of the nation's largest home lenders. But as a practical matter, consumers shouldn't count on that. Bottom line: Owning accounts with amounts that exceed the FDIC limits is like driving without a seat belt. Watch: Is your bank safe? » Q: How are the government's moves to help Fannie Mae and Freddie Mac going to affect mortgages, loans and the federal budget deficit? A: Shoring up Freddie Mac and Fannie Mae is good news for consumer lending lending generally because it boosts confidence in the mortgage markets. A: Up to certain limits, money is safe in banks insured by the Federal Deposit Insurance Corp. The FDIC guarantees traditional bank accounts up to $100,000 and individual retirement accounts up to $250,000. Money beyond those limits isn't guaranteed if a bank fails. In the case of IndyMac, the FDIC says it will cover 50 percent of uninsured balances there. But as a practical matter, consumers shouldn't count on that. A: Fannie Mae was created in 1938, during the Great Depression. The nickname comes from the acronym FNMA, which stands for Federal National Mortgage Association. Freddie Mac was chartered by Congress as a private corporation in 1970 to end Fannie Mae's monopoly over the secondary mortgage market. The name Freddie Mac spawns from the acronym FHLMC, or Federal Home Loan Mortgage Corp. Q: What's the connection between the IndyMac takeover and Fannie Mae and Freddie Mac?

(CNN) -- Whether it's dining, shopping, culture, nightlife or people, everybody has a favorite city. Some cities are great places to live and raise a family. Others provide the backdrop for that once-in-a-lifetime vacation. The Cathedral Basilica of Saint Francis in Santa Fe, New Mexico. I-Reporters have been telling us about their favorite American cities. Here are some of the highlights. Jim Thompson sent the photo of the Cathedral Basilica of Saint Francis in Santa Fe, New Mexico, along with this important information: "Be sure to mention that St. Francis Cathedral has been renamed to St. Francis Basilica. ... The request was made by the Archdiocese of Santa Fe and was granted by the Vatican, so now St. Francis is the headquarters for the pope when he comes to Santa Fe." Diana Peters moved to New Orleans in 2003, and has experienced the city before and after Hurricane Katrina. Her feelings about recovery are complicated. "But don't turn your back on New Orleans, because she survives in all of us, especially those of use who still see her beauty in what remains." Josh Gorrell sent the photo of the "painted ladies" at Marina Del Rey in southern California. "My favorite part of living by the coast is the constantly fresh ocean breezes, the year-round sunshine and the wonderful seafood! Oh, and the surf!" Raymond Lopera's favorite city in the Los Angeles area is Santa Monica. He lived there briefly when he moved from New York a few years ago and says he goes back every chance he gets. He says Santa Monica is very pedestrian friendly and he enjoys taking long walks, stopping along the way at places like Barnes & Noble or Starbucks. Nikolai Ursin can't get enough of Minneapolis. "I'm 28 and able to live a fabulous life because the cost of living is so low, yet the wages are quite high. My friends in N.Y.C. are jealous. I travel a lot for work and there is nothing quite like landing in Minneapolis and knowing I'm home." I-Reporter Chris Fuhriman is a captain in the Army and completing a master's degree in geography at the University of Hawaii. Fuhriman moved to Honolulu from Utah three years ago with his wife and two children. "His favorite thing about Honolulu? "The international flavor of the city, and the diversity. It's really a city for everyone." Russell Clayton says there's "far too much to do" in Austin, Texas. Then he went on to list a wide variety of outdoor activities, including hiking, swimming, mountain biking, kayaking and canoeing. Clayton says the city's unofficial motto is "Keep Austin Weird." E-mail to a friend

What did I-Reporters weigh in with?

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I-Reporter Chris Fuhriman is a captain in the Army and completing a master's degree in geography at the University of Hawaii. Fuhriman moved to Honolulu from Utah three years ago with his wife and two children. "His favorite thing about Honolulu? "The international flavor of the city, and the diversity. It's really a city for everyone." Russell Clayton says there's "far too much to do" in Austin, Texas. (CNN) -- Whether it's dining, shopping, culture, nightlife or people, everybody has a favorite city. Some cities are great places to live and raise a family. Others provide the backdrop for that once-in-a-lifetime vacation. The Cathedral Basilica of Saint Francis in Santa Fe, New Mexico. I-Reporters have been telling us about their favorite American cities. Here are some of the highlights. Nikolai Ursin can't get enough of Minneapolis. "I'm 28 and able to live a fabulous life because the cost of living is so low, yet the wages are quite high. My friends in N.Y.C. are jealous. I travel a lot for work and there is nothing quite like landing in Minneapolis and knowing I'm home." I-Reporter Chris Fuhriman is a captain in the Army and completing a master's degree in geography at the University of Hawaii. Russell Clayton says there's "far too much to do" in Austin, Texas. Then he went on to list a wide variety of outdoor activities, including hiking, swimming, mountain biking, kayaking and canoeing. Clayton says the city's unofficial motto is "Keep Austin Weird." E-mail to a friend "But don't turn your back on New Orleans, because she survives in all of us, especially those of use who still see her beauty in what remains." Josh Gorrell sent the photo of the "painted ladies" at Marina Del Rey in southern California. "My favorite part of living by the coast is the constantly fresh ocean breezes, the year-round sunshine and the wonderful seafood! Oh, and the surf!" Raymond Lopera's favorite city in the Los Angeles area is Santa Monica. Raymond Lopera's favorite city in the Los Angeles area is Santa Monica. He lived there briefly when he moved from New York a few years ago and says he goes back every chance he gets. He says Santa Monica is very pedestrian friendly and he enjoys taking long walks, stopping along the way at places like Barnes & Noble or Starbucks. Nikolai Ursin can't get enough of Minneapolis. The request was made by the Archdiocese of Santa Fe and was granted by the Vatican, so now St. Francis is the headquarters for the pope when he comes to Santa Fe." Diana Peters moved to New Orleans in 2003, and has experienced the city before and after Hurricane Katrina. Her feelings about recovery are complicated. "But don't turn your back on New Orleans, because she survives in all of us, especially those of use who still see her beauty in what remains." Here are some of the highlights. Jim Thompson sent the photo of the Cathedral Basilica of Saint Francis in Santa Fe, New Mexico, along with this important information: "Be sure to mention that St. Francis Cathedral has been renamed to St. Francis Basilica. ... The request was made by the Archdiocese of Santa Fe and was granted by the Vatican, so now St. Francis is the headquarters for the pope when he comes to Santa Fe."

(CNN) -- Whether it's dining, shopping, culture, nightlife or people, everybody has a favorite city. Some cities are great places to live and raise a family. Others provide the backdrop for that once-in-a-lifetime vacation. The Cathedral Basilica of Saint Francis in Santa Fe, New Mexico. I-Reporters have been telling us about their favorite American cities. Here are some of the highlights. Jim Thompson sent the photo of the Cathedral Basilica of Saint Francis in Santa Fe, New Mexico, along with this important information: "Be sure to mention that St. Francis Cathedral has been renamed to St. Francis Basilica. ... The request was made by the Archdiocese of Santa Fe and was granted by the Vatican, so now St. Francis is the headquarters for the pope when he comes to Santa Fe." Diana Peters moved to New Orleans in 2003, and has experienced the city before and after Hurricane Katrina. Her feelings about recovery are complicated. "But don't turn your back on New Orleans, because she survives in all of us, especially those of use who still see her beauty in what remains." Josh Gorrell sent the photo of the "painted ladies" at Marina Del Rey in southern California. "My favorite part of living by the coast is the constantly fresh ocean breezes, the year-round sunshine and the wonderful seafood! Oh, and the surf!" Raymond Lopera's favorite city in the Los Angeles area is Santa Monica. He lived there briefly when he moved from New York a few years ago and says he goes back every chance he gets. He says Santa Monica is very pedestrian friendly and he enjoys taking long walks, stopping along the way at places like Barnes & Noble or Starbucks. Nikolai Ursin can't get enough of Minneapolis. "I'm 28 and able to live a fabulous life because the cost of living is so low, yet the wages are quite high. My friends in N.Y.C. are jealous. I travel a lot for work and there is nothing quite like landing in Minneapolis and knowing I'm home." I-Reporter Chris Fuhriman is a captain in the Army and completing a master's degree in geography at the University of Hawaii. Fuhriman moved to Honolulu from Utah three years ago with his wife and two children. "His favorite thing about Honolulu? "The international flavor of the city, and the diversity. It's really a city for everyone." Russell Clayton says there's "far too much to do" in Austin, Texas. Then he went on to list a wide variety of outdoor activities, including hiking, swimming, mountain biking, kayaking and canoeing. Clayton says the city's unofficial motto is "Keep Austin Weird." E-mail to a friend

What will I-Reporters do?

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I-Reporter Chris Fuhriman is a captain in the Army and completing a master's degree in geography at the University of Hawaii. Fuhriman moved to Honolulu from Utah three years ago with his wife and two children. "His favorite thing about Honolulu? "The international flavor of the city, and the diversity. It's really a city for everyone." Russell Clayton says there's "far too much to do" in Austin, Texas. (CNN) -- Whether it's dining, shopping, culture, nightlife or people, everybody has a favorite city. Some cities are great places to live and raise a family. Others provide the backdrop for that once-in-a-lifetime vacation. The Cathedral Basilica of Saint Francis in Santa Fe, New Mexico. I-Reporters have been telling us about their favorite American cities. Here are some of the highlights. Nikolai Ursin can't get enough of Minneapolis. "I'm 28 and able to live a fabulous life because the cost of living is so low, yet the wages are quite high. My friends in N.Y.C. are jealous. I travel a lot for work and there is nothing quite like landing in Minneapolis and knowing I'm home." I-Reporter Chris Fuhriman is a captain in the Army and completing a master's degree in geography at the University of Hawaii. Russell Clayton says there's "far too much to do" in Austin, Texas. Then he went on to list a wide variety of outdoor activities, including hiking, swimming, mountain biking, kayaking and canoeing. Clayton says the city's unofficial motto is "Keep Austin Weird." E-mail to a friend "But don't turn your back on New Orleans, because she survives in all of us, especially those of use who still see her beauty in what remains." Josh Gorrell sent the photo of the "painted ladies" at Marina Del Rey in southern California. "My favorite part of living by the coast is the constantly fresh ocean breezes, the year-round sunshine and the wonderful seafood! Oh, and the surf!" Raymond Lopera's favorite city in the Los Angeles area is Santa Monica. Raymond Lopera's favorite city in the Los Angeles area is Santa Monica. He lived there briefly when he moved from New York a few years ago and says he goes back every chance he gets. He says Santa Monica is very pedestrian friendly and he enjoys taking long walks, stopping along the way at places like Barnes & Noble or Starbucks. Nikolai Ursin can't get enough of Minneapolis. The request was made by the Archdiocese of Santa Fe and was granted by the Vatican, so now St. Francis is the headquarters for the pope when he comes to Santa Fe." Diana Peters moved to New Orleans in 2003, and has experienced the city before and after Hurricane Katrina. Her feelings about recovery are complicated. "But don't turn your back on New Orleans, because she survives in all of us, especially those of use who still see her beauty in what remains." Here are some of the highlights. Jim Thompson sent the photo of the Cathedral Basilica of Saint Francis in Santa Fe, New Mexico, along with this important information: "Be sure to mention that St. Francis Cathedral has been renamed to St. Francis Basilica. ... The request was made by the Archdiocese of Santa Fe and was granted by the Vatican, so now St. Francis is the headquarters for the pope when he comes to Santa Fe."

(CNN) -- Whether it's dining, shopping, culture, nightlife or people, everybody has a favorite city. Some cities are great places to live and raise a family. Others provide the backdrop for that once-in-a-lifetime vacation. The Cathedral Basilica of Saint Francis in Santa Fe, New Mexico. I-Reporters have been telling us about their favorite American cities. Here are some of the highlights. Jim Thompson sent the photo of the Cathedral Basilica of Saint Francis in Santa Fe, New Mexico, along with this important information: "Be sure to mention that St. Francis Cathedral has been renamed to St. Francis Basilica. ... The request was made by the Archdiocese of Santa Fe and was granted by the Vatican, so now St. Francis is the headquarters for the pope when he comes to Santa Fe." Diana Peters moved to New Orleans in 2003, and has experienced the city before and after Hurricane Katrina. Her feelings about recovery are complicated. "But don't turn your back on New Orleans, because she survives in all of us, especially those of use who still see her beauty in what remains." Josh Gorrell sent the photo of the "painted ladies" at Marina Del Rey in southern California. "My favorite part of living by the coast is the constantly fresh ocean breezes, the year-round sunshine and the wonderful seafood! Oh, and the surf!" Raymond Lopera's favorite city in the Los Angeles area is Santa Monica. He lived there briefly when he moved from New York a few years ago and says he goes back every chance he gets. He says Santa Monica is very pedestrian friendly and he enjoys taking long walks, stopping along the way at places like Barnes & Noble or Starbucks. Nikolai Ursin can't get enough of Minneapolis. "I'm 28 and able to live a fabulous life because the cost of living is so low, yet the wages are quite high. My friends in N.Y.C. are jealous. I travel a lot for work and there is nothing quite like landing in Minneapolis and knowing I'm home." I-Reporter Chris Fuhriman is a captain in the Army and completing a master's degree in geography at the University of Hawaii. Fuhriman moved to Honolulu from Utah three years ago with his wife and two children. "His favorite thing about Honolulu? "The international flavor of the city, and the diversity. It's really a city for everyone." Russell Clayton says there's "far too much to do" in Austin, Texas. Then he went on to list a wide variety of outdoor activities, including hiking, swimming, mountain biking, kayaking and canoeing. Clayton says the city's unofficial motto is "Keep Austin Weird." E-mail to a friend

What did the reporters weigh in with?

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I-Reporter Chris Fuhriman is a captain in the Army and completing a master's degree in geography at the University of Hawaii. Fuhriman moved to Honolulu from Utah three years ago with his wife and two children. "His favorite thing about Honolulu? "The international flavor of the city, and the diversity. It's really a city for everyone." Russell Clayton says there's "far too much to do" in Austin, Texas. Nikolai Ursin can't get enough of Minneapolis. "I'm 28 and able to live a fabulous life because the cost of living is so low, yet the wages are quite high. My friends in N.Y.C. are jealous. I travel a lot for work and there is nothing quite like landing in Minneapolis and knowing I'm home." I-Reporter Chris Fuhriman is a captain in the Army and completing a master's degree in geography at the University of Hawaii. (CNN) -- Whether it's dining, shopping, culture, nightlife or people, everybody has a favorite city. Some cities are great places to live and raise a family. Others provide the backdrop for that once-in-a-lifetime vacation. The Cathedral Basilica of Saint Francis in Santa Fe, New Mexico. I-Reporters have been telling us about their favorite American cities. Here are some of the highlights. Russell Clayton says there's "far too much to do" in Austin, Texas. Then he went on to list a wide variety of outdoor activities, including hiking, swimming, mountain biking, kayaking and canoeing. Clayton says the city's unofficial motto is "Keep Austin Weird." E-mail to a friend "But don't turn your back on New Orleans, because she survives in all of us, especially those of use who still see her beauty in what remains." Josh Gorrell sent the photo of the "painted ladies" at Marina Del Rey in southern California. "My favorite part of living by the coast is the constantly fresh ocean breezes, the year-round sunshine and the wonderful seafood! Oh, and the surf!" Raymond Lopera's favorite city in the Los Angeles area is Santa Monica. Raymond Lopera's favorite city in the Los Angeles area is Santa Monica. He lived there briefly when he moved from New York a few years ago and says he goes back every chance he gets. He says Santa Monica is very pedestrian friendly and he enjoys taking long walks, stopping along the way at places like Barnes & Noble or Starbucks. Nikolai Ursin can't get enough of Minneapolis. The request was made by the Archdiocese of Santa Fe and was granted by the Vatican, so now St. Francis is the headquarters for the pope when he comes to Santa Fe." Diana Peters moved to New Orleans in 2003, and has experienced the city before and after Hurricane Katrina. Her feelings about recovery are complicated. "But don't turn your back on New Orleans, because she survives in all of us, especially those of use who still see her beauty in what remains." Here are some of the highlights. Jim Thompson sent the photo of the Cathedral Basilica of Saint Francis in Santa Fe, New Mexico, along with this important information: "Be sure to mention that St. Francis Cathedral has been renamed to St. Francis Basilica. ... The request was made by the Archdiocese of Santa Fe and was granted by the Vatican, so now St. Francis is the headquarters for the pope when he comes to Santa Fe."

(CNN) -- North Korea's state-run news agency said Thursday that the country has sent a letter to the United Nations announcing that "reprocessing of spent fuel rods is at its final phase and extracted plutonium is being weaponized." The Yongbyon nuclear facility, home of North Korea's nuclear program. North Korea can also now enter the final stage of uranium enrichment, it said in the letter to the president of the U.N. Security Council, according to state-run KCNA. When enriched to a high degree, uranium can be used as weapons-grade material. Plutonium can be used in atomic bombs. Despite stating in the letter that they "totally reject" a Security Council resolution in June that demanded that the country no longer pursue nuclear weapons, the North Koreans said they are "prepared for both dialogue and sanctions," KCNA reported. The government also warned, "If some permanent members of the UNSC wish to put sanctions first before dialogue, we would respond with bolstering our nuclear deterrence first before we meet them in a dialogue," according to KCNA. The news comes on the heels of the Obama administration's latest attempt to restart stalled nuclear negotiations with the reclusive state. In the coming days, U.S. envoy Stephen Bosworth and the director of the State Department's Office of Korean Affairs, Sung Kim, will meet with officials representing China, Japan, South Korea and Russia -- all countries partnering with the United States in talks aimed at ending North Korea's nuclear program. North Korea quit the talks in April after the U.N. Security Council censured Pyongyang for a long-range rocket test that month. In the letter Thursday, Pyongyang stated that it "never objected to the denuclearization of the Korean Peninsula and of the world itself. What we objected to is the structure of the six way talks which had been used to violate outrageously the DPRK's sovereignty and its right to peaceful development." Tensions had eased somewhat in recent weeks on the Korean peninsula, giving hope to the resumption of nuclear talks with the North. In August, North and South Korea agreed to resume cross-border tourism, ease border controls and facilitate cross-border family reunions, signaling a warming in relations that had been tense for most of the year. Cross-border traffic between North and South Korea returned to normal Tuesday, after eight months of restrictions by the North. Recent meetings between Korean officials are in stark contrast to the tense public statements the nations made about each other earlier this year. Tensions between the two were heightened in July when North Korea launched seven short-range missiles toward the Sea of Japan. The launches came after North Korea conducted a nuclear test on May 25 and threatened the United States and South Korean ships near its territorial waters. The two Koreas have officially remained in conflict since the conclusion of the Korean War in 1953, which ended in a truce, but no formal peace treaty was signed.

What country reports reprocessing of spent fuel rods in final phase?

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(CNN) -- North Korea's state-run news agency said Thursday that the country has sent a letter to the United Nations announcing that "reprocessing of spent fuel rods is at its final phase and extracted plutonium is being weaponized." The Yongbyon nuclear facility, home of North Korea's nuclear program. North Korea can also now enter the final stage of uranium enrichment, it said in the letter to the president of the U.N. Security Council, according to state-run KCNA. North Korea can also now enter the final stage of uranium enrichment, it said in the letter to the president of the U.N. Security Council, according to state-run KCNA. When enriched to a high degree, uranium can be used as weapons-grade material. Plutonium can be used in atomic bombs. Plutonium can be used in atomic bombs. Despite stating in the letter that they "totally reject" a Security Council resolution in June that demanded that the country no longer pursue nuclear weapons, the North Koreans said they are "prepared for both dialogue and sanctions," KCNA reported. The government also warned, "If some permanent members of the UNSC wish to put sanctions first before dialogue, we would respond with bolstering our nuclear deterrence first before we meet them in a dialogue," according to KCNA. The news comes on the heels of the Obama administration's latest attempt to restart stalled nuclear negotiations with the reclusive state. In the coming days, U.S. envoy Stephen Bosworth and the director of the State Department's Office of Korean Affairs, Sung Kim, will meet with officials representing China, Japan, South Korea and Russia -- all countries partnering with the United States in talks aimed at ending North Korea's nuclear program. In the coming days, U.S. envoy Stephen Bosworth and the director of the State Department's Office of Korean Affairs, Sung Kim, will meet with officials representing China, Japan, South Korea and Russia -- all countries partnering with the United States in talks aimed at ending North Korea's nuclear program. North Korea quit the talks in April after the U.N. Security Council censured Pyongyang for a long-range rocket test that month. The government also warned, "If some permanent members of the UNSC wish to put sanctions first before dialogue, we would respond with bolstering our nuclear deterrence first before we meet them in a dialogue," according to KCNA. The news comes on the heels of the Obama administration's latest attempt to restart stalled nuclear negotiations with the reclusive state. Recent meetings between Korean officials are in stark contrast to the tense public statements the nations made about each other earlier this year. Tensions between the two were heightened in July when North Korea launched seven short-range missiles toward the Sea of Japan. The launches came after North Korea conducted a nuclear test on May 25 and threatened the United States and South Korean ships near its territorial waters. The launches came after North Korea conducted a nuclear test on May 25 and threatened the United States and South Korean ships near its territorial waters. The two Koreas have officially remained in conflict since the conclusion of the Korean War in 1953, which ended in a truce, but no formal peace treaty was signed. In August, North and South Korea agreed to resume cross-border tourism, ease border controls and facilitate cross-border family reunions, signaling a warming in relations that had been tense for most of the year. Cross-border traffic between North and South Korea returned to normal Tuesday, after eight months of restrictions by the North. Recent meetings between Korean officials are in stark contrast to the tense public statements the nations made about each other earlier this year. What we objected to is the structure of the six way talks which had been used to violate outrageously the DPRK's sovereignty and its right to peaceful development." Tensions had eased somewhat in recent weeks on the Korean peninsula, giving hope to the resumption of nuclear talks with the North. In August, North and South Korea agreed to resume cross-border tourism, ease border controls and facilitate cross-border family reunions, signaling a warming in relations that had been tense for most of the year. North Korea quit the talks in April after the U.N. Security Council censured Pyongyang for a long-range rocket test that month. In the letter Thursday, Pyongyang stated that it "never objected to the denuclearization of the Korean Peninsula and of the world itself. What we objected to is the structure of the six way talks which had been used to violate outrageously the DPRK's sovereignty and its right to peaceful development."

(CNN) -- North Korea's state-run news agency said Thursday that the country has sent a letter to the United Nations announcing that "reprocessing of spent fuel rods is at its final phase and extracted plutonium is being weaponized." The Yongbyon nuclear facility, home of North Korea's nuclear program. North Korea can also now enter the final stage of uranium enrichment, it said in the letter to the president of the U.N. Security Council, according to state-run KCNA. When enriched to a high degree, uranium can be used as weapons-grade material. Plutonium can be used in atomic bombs. Despite stating in the letter that they "totally reject" a Security Council resolution in June that demanded that the country no longer pursue nuclear weapons, the North Koreans said they are "prepared for both dialogue and sanctions," KCNA reported. The government also warned, "If some permanent members of the UNSC wish to put sanctions first before dialogue, we would respond with bolstering our nuclear deterrence first before we meet them in a dialogue," according to KCNA. The news comes on the heels of the Obama administration's latest attempt to restart stalled nuclear negotiations with the reclusive state. In the coming days, U.S. envoy Stephen Bosworth and the director of the State Department's Office of Korean Affairs, Sung Kim, will meet with officials representing China, Japan, South Korea and Russia -- all countries partnering with the United States in talks aimed at ending North Korea's nuclear program. North Korea quit the talks in April after the U.N. Security Council censured Pyongyang for a long-range rocket test that month. In the letter Thursday, Pyongyang stated that it "never objected to the denuclearization of the Korean Peninsula and of the world itself. What we objected to is the structure of the six way talks which had been used to violate outrageously the DPRK's sovereignty and its right to peaceful development." Tensions had eased somewhat in recent weeks on the Korean peninsula, giving hope to the resumption of nuclear talks with the North. In August, North and South Korea agreed to resume cross-border tourism, ease border controls and facilitate cross-border family reunions, signaling a warming in relations that had been tense for most of the year. Cross-border traffic between North and South Korea returned to normal Tuesday, after eight months of restrictions by the North. Recent meetings between Korean officials are in stark contrast to the tense public statements the nations made about each other earlier this year. Tensions between the two were heightened in July when North Korea launched seven short-range missiles toward the Sea of Japan. The launches came after North Korea conducted a nuclear test on May 25 and threatened the United States and South Korean ships near its territorial waters. The two Koreas have officially remained in conflict since the conclusion of the Korean War in 1953, which ended in a truce, but no formal peace treaty was signed.

what does the letter say?

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Plutonium can be used in atomic bombs. Despite stating in the letter that they "totally reject" a Security Council resolution in June that demanded that the country no longer pursue nuclear weapons, the North Koreans said they are "prepared for both dialogue and sanctions," KCNA reported. The government also warned, "If some permanent members of the UNSC wish to put sanctions first before dialogue, we would respond with bolstering our nuclear deterrence first before we meet them in a dialogue," according to KCNA. North Korea quit the talks in April after the U.N. Security Council censured Pyongyang for a long-range rocket test that month. In the letter Thursday, Pyongyang stated that it "never objected to the denuclearization of the Korean Peninsula and of the world itself. What we objected to is the structure of the six way talks which had been used to violate outrageously the DPRK's sovereignty and its right to peaceful development." (CNN) -- North Korea's state-run news agency said Thursday that the country has sent a letter to the United Nations announcing that "reprocessing of spent fuel rods is at its final phase and extracted plutonium is being weaponized." The Yongbyon nuclear facility, home of North Korea's nuclear program. North Korea can also now enter the final stage of uranium enrichment, it said in the letter to the president of the U.N. Security Council, according to state-run KCNA. North Korea can also now enter the final stage of uranium enrichment, it said in the letter to the president of the U.N. Security Council, according to state-run KCNA. When enriched to a high degree, uranium can be used as weapons-grade material. Plutonium can be used in atomic bombs. What we objected to is the structure of the six way talks which had been used to violate outrageously the DPRK's sovereignty and its right to peaceful development." Tensions had eased somewhat in recent weeks on the Korean peninsula, giving hope to the resumption of nuclear talks with the North. In August, North and South Korea agreed to resume cross-border tourism, ease border controls and facilitate cross-border family reunions, signaling a warming in relations that had been tense for most of the year. The government also warned, "If some permanent members of the UNSC wish to put sanctions first before dialogue, we would respond with bolstering our nuclear deterrence first before we meet them in a dialogue," according to KCNA. The news comes on the heels of the Obama administration's latest attempt to restart stalled nuclear negotiations with the reclusive state. Recent meetings between Korean officials are in stark contrast to the tense public statements the nations made about each other earlier this year. Tensions between the two were heightened in July when North Korea launched seven short-range missiles toward the Sea of Japan. The launches came after North Korea conducted a nuclear test on May 25 and threatened the United States and South Korean ships near its territorial waters. In August, North and South Korea agreed to resume cross-border tourism, ease border controls and facilitate cross-border family reunions, signaling a warming in relations that had been tense for most of the year. Cross-border traffic between North and South Korea returned to normal Tuesday, after eight months of restrictions by the North. Recent meetings between Korean officials are in stark contrast to the tense public statements the nations made about each other earlier this year. The news comes on the heels of the Obama administration's latest attempt to restart stalled nuclear negotiations with the reclusive state. In the coming days, U.S. envoy Stephen Bosworth and the director of the State Department's Office of Korean Affairs, Sung Kim, will meet with officials representing China, Japan, South Korea and Russia -- all countries partnering with the United States in talks aimed at ending North Korea's nuclear program. The launches came after North Korea conducted a nuclear test on May 25 and threatened the United States and South Korean ships near its territorial waters. The two Koreas have officially remained in conflict since the conclusion of the Korean War in 1953, which ended in a truce, but no formal peace treaty was signed. In the coming days, U.S. envoy Stephen Bosworth and the director of the State Department's Office of Korean Affairs, Sung Kim, will meet with officials representing China, Japan, South Korea and Russia -- all countries partnering with the United States in talks aimed at ending North Korea's nuclear program. North Korea quit the talks in April after the U.N. Security Council censured Pyongyang for a long-range rocket test that month.

(CNN) -- North Korea's state-run news agency said Thursday that the country has sent a letter to the United Nations announcing that "reprocessing of spent fuel rods is at its final phase and extracted plutonium is being weaponized." The Yongbyon nuclear facility, home of North Korea's nuclear program. North Korea can also now enter the final stage of uranium enrichment, it said in the letter to the president of the U.N. Security Council, according to state-run KCNA. When enriched to a high degree, uranium can be used as weapons-grade material. Plutonium can be used in atomic bombs. Despite stating in the letter that they "totally reject" a Security Council resolution in June that demanded that the country no longer pursue nuclear weapons, the North Koreans said they are "prepared for both dialogue and sanctions," KCNA reported. The government also warned, "If some permanent members of the UNSC wish to put sanctions first before dialogue, we would respond with bolstering our nuclear deterrence first before we meet them in a dialogue," according to KCNA. The news comes on the heels of the Obama administration's latest attempt to restart stalled nuclear negotiations with the reclusive state. In the coming days, U.S. envoy Stephen Bosworth and the director of the State Department's Office of Korean Affairs, Sung Kim, will meet with officials representing China, Japan, South Korea and Russia -- all countries partnering with the United States in talks aimed at ending North Korea's nuclear program. North Korea quit the talks in April after the U.N. Security Council censured Pyongyang for a long-range rocket test that month. In the letter Thursday, Pyongyang stated that it "never objected to the denuclearization of the Korean Peninsula and of the world itself. What we objected to is the structure of the six way talks which had been used to violate outrageously the DPRK's sovereignty and its right to peaceful development." Tensions had eased somewhat in recent weeks on the Korean peninsula, giving hope to the resumption of nuclear talks with the North. In August, North and South Korea agreed to resume cross-border tourism, ease border controls and facilitate cross-border family reunions, signaling a warming in relations that had been tense for most of the year. Cross-border traffic between North and South Korea returned to normal Tuesday, after eight months of restrictions by the North. Recent meetings between Korean officials are in stark contrast to the tense public statements the nations made about each other earlier this year. Tensions between the two were heightened in July when North Korea launched seven short-range missiles toward the Sea of Japan. The launches came after North Korea conducted a nuclear test on May 25 and threatened the United States and South Korean ships near its territorial waters. The two Koreas have officially remained in conflict since the conclusion of the Korean War in 1953, which ended in a truce, but no formal peace treaty was signed.

When enriched to a high degree, what can be used as weapons-grade material?

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North Korea can also now enter the final stage of uranium enrichment, it said in the letter to the president of the U.N. Security Council, according to state-run KCNA. When enriched to a high degree, uranium can be used as weapons-grade material. Plutonium can be used in atomic bombs. Plutonium can be used in atomic bombs. Despite stating in the letter that they "totally reject" a Security Council resolution in June that demanded that the country no longer pursue nuclear weapons, the North Koreans said they are "prepared for both dialogue and sanctions," KCNA reported. The government also warned, "If some permanent members of the UNSC wish to put sanctions first before dialogue, we would respond with bolstering our nuclear deterrence first before we meet them in a dialogue," according to KCNA. (CNN) -- North Korea's state-run news agency said Thursday that the country has sent a letter to the United Nations announcing that "reprocessing of spent fuel rods is at its final phase and extracted plutonium is being weaponized." The Yongbyon nuclear facility, home of North Korea's nuclear program. North Korea can also now enter the final stage of uranium enrichment, it said in the letter to the president of the U.N. Security Council, according to state-run KCNA. The launches came after North Korea conducted a nuclear test on May 25 and threatened the United States and South Korean ships near its territorial waters. The two Koreas have officially remained in conflict since the conclusion of the Korean War in 1953, which ended in a truce, but no formal peace treaty was signed. In August, North and South Korea agreed to resume cross-border tourism, ease border controls and facilitate cross-border family reunions, signaling a warming in relations that had been tense for most of the year. Cross-border traffic between North and South Korea returned to normal Tuesday, after eight months of restrictions by the North. Recent meetings between Korean officials are in stark contrast to the tense public statements the nations made about each other earlier this year. What we objected to is the structure of the six way talks which had been used to violate outrageously the DPRK's sovereignty and its right to peaceful development." Tensions had eased somewhat in recent weeks on the Korean peninsula, giving hope to the resumption of nuclear talks with the North. In August, North and South Korea agreed to resume cross-border tourism, ease border controls and facilitate cross-border family reunions, signaling a warming in relations that had been tense for most of the year. In the coming days, U.S. envoy Stephen Bosworth and the director of the State Department's Office of Korean Affairs, Sung Kim, will meet with officials representing China, Japan, South Korea and Russia -- all countries partnering with the United States in talks aimed at ending North Korea's nuclear program. North Korea quit the talks in April after the U.N. Security Council censured Pyongyang for a long-range rocket test that month. Recent meetings between Korean officials are in stark contrast to the tense public statements the nations made about each other earlier this year. Tensions between the two were heightened in July when North Korea launched seven short-range missiles toward the Sea of Japan. The launches came after North Korea conducted a nuclear test on May 25 and threatened the United States and South Korean ships near its territorial waters. North Korea quit the talks in April after the U.N. Security Council censured Pyongyang for a long-range rocket test that month. In the letter Thursday, Pyongyang stated that it "never objected to the denuclearization of the Korean Peninsula and of the world itself. What we objected to is the structure of the six way talks which had been used to violate outrageously the DPRK's sovereignty and its right to peaceful development." The news comes on the heels of the Obama administration's latest attempt to restart stalled nuclear negotiations with the reclusive state. In the coming days, U.S. envoy Stephen Bosworth and the director of the State Department's Office of Korean Affairs, Sung Kim, will meet with officials representing China, Japan, South Korea and Russia -- all countries partnering with the United States in talks aimed at ending North Korea's nuclear program. The government also warned, "If some permanent members of the UNSC wish to put sanctions first before dialogue, we would respond with bolstering our nuclear deterrence first before we meet them in a dialogue," according to KCNA. The news comes on the heels of the Obama administration's latest attempt to restart stalled nuclear negotiations with the reclusive state.

(CNN) -- North Korea's state-run news agency said Thursday that the country has sent a letter to the United Nations announcing that "reprocessing of spent fuel rods is at its final phase and extracted plutonium is being weaponized." The Yongbyon nuclear facility, home of North Korea's nuclear program. North Korea can also now enter the final stage of uranium enrichment, it said in the letter to the president of the U.N. Security Council, according to state-run KCNA. When enriched to a high degree, uranium can be used as weapons-grade material. Plutonium can be used in atomic bombs. Despite stating in the letter that they "totally reject" a Security Council resolution in June that demanded that the country no longer pursue nuclear weapons, the North Koreans said they are "prepared for both dialogue and sanctions," KCNA reported. The government also warned, "If some permanent members of the UNSC wish to put sanctions first before dialogue, we would respond with bolstering our nuclear deterrence first before we meet them in a dialogue," according to KCNA. The news comes on the heels of the Obama administration's latest attempt to restart stalled nuclear negotiations with the reclusive state. In the coming days, U.S. envoy Stephen Bosworth and the director of the State Department's Office of Korean Affairs, Sung Kim, will meet with officials representing China, Japan, South Korea and Russia -- all countries partnering with the United States in talks aimed at ending North Korea's nuclear program. North Korea quit the talks in April after the U.N. Security Council censured Pyongyang for a long-range rocket test that month. In the letter Thursday, Pyongyang stated that it "never objected to the denuclearization of the Korean Peninsula and of the world itself. What we objected to is the structure of the six way talks which had been used to violate outrageously the DPRK's sovereignty and its right to peaceful development." Tensions had eased somewhat in recent weeks on the Korean peninsula, giving hope to the resumption of nuclear talks with the North. In August, North and South Korea agreed to resume cross-border tourism, ease border controls and facilitate cross-border family reunions, signaling a warming in relations that had been tense for most of the year. Cross-border traffic between North and South Korea returned to normal Tuesday, after eight months of restrictions by the North. Recent meetings between Korean officials are in stark contrast to the tense public statements the nations made about each other earlier this year. Tensions between the two were heightened in July when North Korea launched seven short-range missiles toward the Sea of Japan. The launches came after North Korea conducted a nuclear test on May 25 and threatened the United States and South Korean ships near its territorial waters. The two Koreas have officially remained in conflict since the conclusion of the Korean War in 1953, which ended in a truce, but no formal peace treaty was signed.

What does Letter says N. Korea rejects?

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Plutonium can be used in atomic bombs. Despite stating in the letter that they "totally reject" a Security Council resolution in June that demanded that the country no longer pursue nuclear weapons, the North Koreans said they are "prepared for both dialogue and sanctions," KCNA reported. The government also warned, "If some permanent members of the UNSC wish to put sanctions first before dialogue, we would respond with bolstering our nuclear deterrence first before we meet them in a dialogue," according to KCNA. North Korea quit the talks in April after the U.N. Security Council censured Pyongyang for a long-range rocket test that month. In the letter Thursday, Pyongyang stated that it "never objected to the denuclearization of the Korean Peninsula and of the world itself. What we objected to is the structure of the six way talks which had been used to violate outrageously the DPRK's sovereignty and its right to peaceful development." (CNN) -- North Korea's state-run news agency said Thursday that the country has sent a letter to the United Nations announcing that "reprocessing of spent fuel rods is at its final phase and extracted plutonium is being weaponized." The Yongbyon nuclear facility, home of North Korea's nuclear program. North Korea can also now enter the final stage of uranium enrichment, it said in the letter to the president of the U.N. Security Council, according to state-run KCNA. North Korea can also now enter the final stage of uranium enrichment, it said in the letter to the president of the U.N. Security Council, according to state-run KCNA. When enriched to a high degree, uranium can be used as weapons-grade material. Plutonium can be used in atomic bombs. In the coming days, U.S. envoy Stephen Bosworth and the director of the State Department's Office of Korean Affairs, Sung Kim, will meet with officials representing China, Japan, South Korea and Russia -- all countries partnering with the United States in talks aimed at ending North Korea's nuclear program. North Korea quit the talks in April after the U.N. Security Council censured Pyongyang for a long-range rocket test that month. What we objected to is the structure of the six way talks which had been used to violate outrageously the DPRK's sovereignty and its right to peaceful development." Tensions had eased somewhat in recent weeks on the Korean peninsula, giving hope to the resumption of nuclear talks with the North. In August, North and South Korea agreed to resume cross-border tourism, ease border controls and facilitate cross-border family reunions, signaling a warming in relations that had been tense for most of the year. Recent meetings between Korean officials are in stark contrast to the tense public statements the nations made about each other earlier this year. Tensions between the two were heightened in July when North Korea launched seven short-range missiles toward the Sea of Japan. The launches came after North Korea conducted a nuclear test on May 25 and threatened the United States and South Korean ships near its territorial waters. In August, North and South Korea agreed to resume cross-border tourism, ease border controls and facilitate cross-border family reunions, signaling a warming in relations that had been tense for most of the year. Cross-border traffic between North and South Korea returned to normal Tuesday, after eight months of restrictions by the North. Recent meetings between Korean officials are in stark contrast to the tense public statements the nations made about each other earlier this year. The launches came after North Korea conducted a nuclear test on May 25 and threatened the United States and South Korean ships near its territorial waters. The two Koreas have officially remained in conflict since the conclusion of the Korean War in 1953, which ended in a truce, but no formal peace treaty was signed. The news comes on the heels of the Obama administration's latest attempt to restart stalled nuclear negotiations with the reclusive state. In the coming days, U.S. envoy Stephen Bosworth and the director of the State Department's Office of Korean Affairs, Sung Kim, will meet with officials representing China, Japan, South Korea and Russia -- all countries partnering with the United States in talks aimed at ending North Korea's nuclear program. The government also warned, "If some permanent members of the UNSC wish to put sanctions first before dialogue, we would respond with bolstering our nuclear deterrence first before we meet them in a dialogue," according to KCNA. The news comes on the heels of the Obama administration's latest attempt to restart stalled nuclear negotiations with the reclusive state.

(CNN) -- North Korea's state-run news agency said Thursday that the country has sent a letter to the United Nations announcing that "reprocessing of spent fuel rods is at its final phase and extracted plutonium is being weaponized." The Yongbyon nuclear facility, home of North Korea's nuclear program. North Korea can also now enter the final stage of uranium enrichment, it said in the letter to the president of the U.N. Security Council, according to state-run KCNA. When enriched to a high degree, uranium can be used as weapons-grade material. Plutonium can be used in atomic bombs. Despite stating in the letter that they "totally reject" a Security Council resolution in June that demanded that the country no longer pursue nuclear weapons, the North Koreans said they are "prepared for both dialogue and sanctions," KCNA reported. The government also warned, "If some permanent members of the UNSC wish to put sanctions first before dialogue, we would respond with bolstering our nuclear deterrence first before we meet them in a dialogue," according to KCNA. The news comes on the heels of the Obama administration's latest attempt to restart stalled nuclear negotiations with the reclusive state. In the coming days, U.S. envoy Stephen Bosworth and the director of the State Department's Office of Korean Affairs, Sung Kim, will meet with officials representing China, Japan, South Korea and Russia -- all countries partnering with the United States in talks aimed at ending North Korea's nuclear program. North Korea quit the talks in April after the U.N. Security Council censured Pyongyang for a long-range rocket test that month. In the letter Thursday, Pyongyang stated that it "never objected to the denuclearization of the Korean Peninsula and of the world itself. What we objected to is the structure of the six way talks which had been used to violate outrageously the DPRK's sovereignty and its right to peaceful development." Tensions had eased somewhat in recent weeks on the Korean peninsula, giving hope to the resumption of nuclear talks with the North. In August, North and South Korea agreed to resume cross-border tourism, ease border controls and facilitate cross-border family reunions, signaling a warming in relations that had been tense for most of the year. Cross-border traffic between North and South Korea returned to normal Tuesday, after eight months of restrictions by the North. Recent meetings between Korean officials are in stark contrast to the tense public statements the nations made about each other earlier this year. Tensions between the two were heightened in July when North Korea launched seven short-range missiles toward the Sea of Japan. The launches came after North Korea conducted a nuclear test on May 25 and threatened the United States and South Korean ships near its territorial waters. The two Koreas have officially remained in conflict since the conclusion of the Korean War in 1953, which ended in a truce, but no formal peace treaty was signed.

What country rejected U.N. demand it stop pursuing nuclear weapons?

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Plutonium can be used in atomic bombs. Despite stating in the letter that they "totally reject" a Security Council resolution in June that demanded that the country no longer pursue nuclear weapons, the North Koreans said they are "prepared for both dialogue and sanctions," KCNA reported. The government also warned, "If some permanent members of the UNSC wish to put sanctions first before dialogue, we would respond with bolstering our nuclear deterrence first before we meet them in a dialogue," according to KCNA. In the coming days, U.S. envoy Stephen Bosworth and the director of the State Department's Office of Korean Affairs, Sung Kim, will meet with officials representing China, Japan, South Korea and Russia -- all countries partnering with the United States in talks aimed at ending North Korea's nuclear program. North Korea quit the talks in April after the U.N. Security Council censured Pyongyang for a long-range rocket test that month. The news comes on the heels of the Obama administration's latest attempt to restart stalled nuclear negotiations with the reclusive state. In the coming days, U.S. envoy Stephen Bosworth and the director of the State Department's Office of Korean Affairs, Sung Kim, will meet with officials representing China, Japan, South Korea and Russia -- all countries partnering with the United States in talks aimed at ending North Korea's nuclear program. (CNN) -- North Korea's state-run news agency said Thursday that the country has sent a letter to the United Nations announcing that "reprocessing of spent fuel rods is at its final phase and extracted plutonium is being weaponized." The Yongbyon nuclear facility, home of North Korea's nuclear program. North Korea can also now enter the final stage of uranium enrichment, it said in the letter to the president of the U.N. Security Council, according to state-run KCNA. North Korea can also now enter the final stage of uranium enrichment, it said in the letter to the president of the U.N. Security Council, according to state-run KCNA. When enriched to a high degree, uranium can be used as weapons-grade material. Plutonium can be used in atomic bombs. The government also warned, "If some permanent members of the UNSC wish to put sanctions first before dialogue, we would respond with bolstering our nuclear deterrence first before we meet them in a dialogue," according to KCNA. The news comes on the heels of the Obama administration's latest attempt to restart stalled nuclear negotiations with the reclusive state. North Korea quit the talks in April after the U.N. Security Council censured Pyongyang for a long-range rocket test that month. In the letter Thursday, Pyongyang stated that it "never objected to the denuclearization of the Korean Peninsula and of the world itself. What we objected to is the structure of the six way talks which had been used to violate outrageously the DPRK's sovereignty and its right to peaceful development." The launches came after North Korea conducted a nuclear test on May 25 and threatened the United States and South Korean ships near its territorial waters. The two Koreas have officially remained in conflict since the conclusion of the Korean War in 1953, which ended in a truce, but no formal peace treaty was signed. Recent meetings between Korean officials are in stark contrast to the tense public statements the nations made about each other earlier this year. Tensions between the two were heightened in July when North Korea launched seven short-range missiles toward the Sea of Japan. The launches came after North Korea conducted a nuclear test on May 25 and threatened the United States and South Korean ships near its territorial waters. What we objected to is the structure of the six way talks which had been used to violate outrageously the DPRK's sovereignty and its right to peaceful development." Tensions had eased somewhat in recent weeks on the Korean peninsula, giving hope to the resumption of nuclear talks with the North. In August, North and South Korea agreed to resume cross-border tourism, ease border controls and facilitate cross-border family reunions, signaling a warming in relations that had been tense for most of the year. In August, North and South Korea agreed to resume cross-border tourism, ease border controls and facilitate cross-border family reunions, signaling a warming in relations that had been tense for most of the year. Cross-border traffic between North and South Korea returned to normal Tuesday, after eight months of restrictions by the North. Recent meetings between Korean officials are in stark contrast to the tense public statements the nations made about each other earlier this year.

(CNN) -- North Korea's state-run news agency said Thursday that the country has sent a letter to the United Nations announcing that "reprocessing of spent fuel rods is at its final phase and extracted plutonium is being weaponized." The Yongbyon nuclear facility, home of North Korea's nuclear program. North Korea can also now enter the final stage of uranium enrichment, it said in the letter to the president of the U.N. Security Council, according to state-run KCNA. When enriched to a high degree, uranium can be used as weapons-grade material. Plutonium can be used in atomic bombs. Despite stating in the letter that they "totally reject" a Security Council resolution in June that demanded that the country no longer pursue nuclear weapons, the North Koreans said they are "prepared for both dialogue and sanctions," KCNA reported. The government also warned, "If some permanent members of the UNSC wish to put sanctions first before dialogue, we would respond with bolstering our nuclear deterrence first before we meet them in a dialogue," according to KCNA. The news comes on the heels of the Obama administration's latest attempt to restart stalled nuclear negotiations with the reclusive state. In the coming days, U.S. envoy Stephen Bosworth and the director of the State Department's Office of Korean Affairs, Sung Kim, will meet with officials representing China, Japan, South Korea and Russia -- all countries partnering with the United States in talks aimed at ending North Korea's nuclear program. North Korea quit the talks in April after the U.N. Security Council censured Pyongyang for a long-range rocket test that month. In the letter Thursday, Pyongyang stated that it "never objected to the denuclearization of the Korean Peninsula and of the world itself. What we objected to is the structure of the six way talks which had been used to violate outrageously the DPRK's sovereignty and its right to peaceful development." Tensions had eased somewhat in recent weeks on the Korean peninsula, giving hope to the resumption of nuclear talks with the North. In August, North and South Korea agreed to resume cross-border tourism, ease border controls and facilitate cross-border family reunions, signaling a warming in relations that had been tense for most of the year. Cross-border traffic between North and South Korea returned to normal Tuesday, after eight months of restrictions by the North. Recent meetings between Korean officials are in stark contrast to the tense public statements the nations made about each other earlier this year. Tensions between the two were heightened in July when North Korea launched seven short-range missiles toward the Sea of Japan. The launches came after North Korea conducted a nuclear test on May 25 and threatened the United States and South Korean ships near its territorial waters. The two Koreas have officially remained in conflict since the conclusion of the Korean War in 1953, which ended in a truce, but no formal peace treaty was signed.

what can uranium be used for?

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North Korea can also now enter the final stage of uranium enrichment, it said in the letter to the president of the U.N. Security Council, according to state-run KCNA. When enriched to a high degree, uranium can be used as weapons-grade material. Plutonium can be used in atomic bombs. Plutonium can be used in atomic bombs. Despite stating in the letter that they "totally reject" a Security Council resolution in June that demanded that the country no longer pursue nuclear weapons, the North Koreans said they are "prepared for both dialogue and sanctions," KCNA reported. The government also warned, "If some permanent members of the UNSC wish to put sanctions first before dialogue, we would respond with bolstering our nuclear deterrence first before we meet them in a dialogue," according to KCNA. (CNN) -- North Korea's state-run news agency said Thursday that the country has sent a letter to the United Nations announcing that "reprocessing of spent fuel rods is at its final phase and extracted plutonium is being weaponized." The Yongbyon nuclear facility, home of North Korea's nuclear program. North Korea can also now enter the final stage of uranium enrichment, it said in the letter to the president of the U.N. Security Council, according to state-run KCNA. The government also warned, "If some permanent members of the UNSC wish to put sanctions first before dialogue, we would respond with bolstering our nuclear deterrence first before we meet them in a dialogue," according to KCNA. The news comes on the heels of the Obama administration's latest attempt to restart stalled nuclear negotiations with the reclusive state. What we objected to is the structure of the six way talks which had been used to violate outrageously the DPRK's sovereignty and its right to peaceful development." Tensions had eased somewhat in recent weeks on the Korean peninsula, giving hope to the resumption of nuclear talks with the North. In August, North and South Korea agreed to resume cross-border tourism, ease border controls and facilitate cross-border family reunions, signaling a warming in relations that had been tense for most of the year. The news comes on the heels of the Obama administration's latest attempt to restart stalled nuclear negotiations with the reclusive state. In the coming days, U.S. envoy Stephen Bosworth and the director of the State Department's Office of Korean Affairs, Sung Kim, will meet with officials representing China, Japan, South Korea and Russia -- all countries partnering with the United States in talks aimed at ending North Korea's nuclear program. The launches came after North Korea conducted a nuclear test on May 25 and threatened the United States and South Korean ships near its territorial waters. The two Koreas have officially remained in conflict since the conclusion of the Korean War in 1953, which ended in a truce, but no formal peace treaty was signed. In the coming days, U.S. envoy Stephen Bosworth and the director of the State Department's Office of Korean Affairs, Sung Kim, will meet with officials representing China, Japan, South Korea and Russia -- all countries partnering with the United States in talks aimed at ending North Korea's nuclear program. North Korea quit the talks in April after the U.N. Security Council censured Pyongyang for a long-range rocket test that month. North Korea quit the talks in April after the U.N. Security Council censured Pyongyang for a long-range rocket test that month. In the letter Thursday, Pyongyang stated that it "never objected to the denuclearization of the Korean Peninsula and of the world itself. What we objected to is the structure of the six way talks which had been used to violate outrageously the DPRK's sovereignty and its right to peaceful development." Recent meetings between Korean officials are in stark contrast to the tense public statements the nations made about each other earlier this year. Tensions between the two were heightened in July when North Korea launched seven short-range missiles toward the Sea of Japan. The launches came after North Korea conducted a nuclear test on May 25 and threatened the United States and South Korean ships near its territorial waters. In August, North and South Korea agreed to resume cross-border tourism, ease border controls and facilitate cross-border family reunions, signaling a warming in relations that had been tense for most of the year. Cross-border traffic between North and South Korea returned to normal Tuesday, after eight months of restrictions by the North. Recent meetings between Korean officials are in stark contrast to the tense public statements the nations made about each other earlier this year.

MAMONI VALLEY PRESERVE, Panama (CNN) -- A famed primatologist says the plight of chimpanzees helped inspire Michael Jackson to write the song "Heal the World." Michael Jackson loved chimpanzees, said Jane Goodall: "They made him smile." But the theme and the lyrics of the song turned out to be about a better world for humanity. "He wrote what he told me he thought was his most powerful song ever, but it didn't end up for animals," Jane Goodall said in a CNN interview Thursday night. Goodall spoke exclusively to CNN in a Panamanian rain forest where she is exploring a partnership on behalf of Roots & Shoots, her global youth education program. The interview comes as a new version of the song, first released on Jackson's 1991 "Dangerous" album, is being recorded by a collection of artists for release in late October. Goodall became friends with Jackson about 20 years ago when he invited her to his Neverland Ranch, where "he talked about his dreams for the place to have animals running, looking free like they would in the wild. ... It was just a very charming day, very low key, nobody else was there," she said. Goodall, famous for her 50 years of groundbreaking research on chimpanzees in Africa, said Jackson invited her because "he loved what I did." "He loved chimpanzees," she said. "He loved to watch them feeding. He liked their faces. They made him smile." Years later, she met Jackson's chimp, Bubbles, and has visited him at his retirement refuge in Florida, she said. "He's extremely handsome," she said. "He's a beautiful, beautiful chimp. So, he was rescued in time from this life of being inappropriately dressed up and carted around like a little symbol." Goodall, whose life has been spent understanding chimpanzees, said she found Jackson to be "a sad person." "In some ways, he was like a child, and a very sweet and gentle child, and he wanted me to tell him many, many stories," she said. "Stories about the chimpanzees, the forests, animals, anything. He told me he liked the way I told stories." Goodall, who travels the world to promote protection of endangered chimps, said she had hoped Jackson would help get her message out. "I said to him, 'You know, Michael, if you want to help, you could do a concert and give us a percentage. Or much better, write a song,' " she said. Jackson asked her for tapes of animals in distress because "he wanted to be angry and cry" as he wrote the song, which became "Heal the World," she said. The original CD cover notes credited Goodall for inspiring the song, she said. But, she added, the Jane Goodall Institute never saw any money from the song. Jackson later created the "Heal the World Foundation," which he funded with a series of concerts. The group delivered millions of dollars of relief to children around the world.

Who says Michael Jackson loved chimpanzees?

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MAMONI VALLEY PRESERVE, Panama (CNN) -- A famed primatologist says the plight of chimpanzees helped inspire Michael Jackson to write the song "Heal the World." Michael Jackson loved chimpanzees, said Jane Goodall: "They made him smile." But the theme and the lyrics of the song turned out to be about a better world for humanity. It was just a very charming day, very low key, nobody else was there," she said. Goodall, famous for her 50 years of groundbreaking research on chimpanzees in Africa, said Jackson invited her because "he loved what I did." "He loved chimpanzees," she said. "He loved to watch them feeding. He liked their faces. They made him smile." Goodall, whose life has been spent understanding chimpanzees, said she found Jackson to be "a sad person." "In some ways, he was like a child, and a very sweet and gentle child, and he wanted me to tell him many, many stories," she said. "Stories about the chimpanzees, the forests, animals, anything. He told me he liked the way I told stories." They made him smile." Years later, she met Jackson's chimp, Bubbles, and has visited him at his retirement refuge in Florida, she said. "He's extremely handsome," she said. "He's a beautiful, beautiful chimp. So, he was rescued in time from this life of being inappropriately dressed up and carted around like a little symbol." Goodall, whose life has been spent understanding chimpanzees, said she found Jackson to be "a sad person." He told me he liked the way I told stories." Goodall, who travels the world to promote protection of endangered chimps, said she had hoped Jackson would help get her message out. "I said to him, 'You know, Michael, if you want to help, you could do a concert and give us a percentage. Or much better, write a song,' " she said. Or much better, write a song,' " she said. Jackson asked her for tapes of animals in distress because "he wanted to be angry and cry" as he wrote the song, which became "Heal the World," she said. The original CD cover notes credited Goodall for inspiring the song, she said. But, she added, the Jane Goodall Institute never saw any money from the song. The interview comes as a new version of the song, first released on Jackson's 1991 "Dangerous" album, is being recorded by a collection of artists for release in late October. Goodall became friends with Jackson about 20 years ago when he invited her to his Neverland Ranch, where "he talked about his dreams for the place to have animals running, looking free like they would in the wild. ... It was just a very charming day, very low key, nobody else was there," she said. But, she added, the Jane Goodall Institute never saw any money from the song. Jackson later created the "Heal the World Foundation," which he funded with a series of concerts. The group delivered millions of dollars of relief to children around the world. Goodall spoke exclusively to CNN in a Panamanian rain forest where she is exploring a partnership on behalf of Roots & Shoots, her global youth education program. The interview comes as a new version of the song, first released on Jackson's 1991 "Dangerous" album, is being recorded by a collection of artists for release in late October. But the theme and the lyrics of the song turned out to be about a better world for humanity. "He wrote what he told me he thought was his most powerful song ever, but it didn't end up for animals," Jane Goodall said in a CNN interview Thursday night. Goodall spoke exclusively to CNN in a Panamanian rain forest where she is exploring a partnership on behalf of Roots & Shoots, her global youth education program.

MAMONI VALLEY PRESERVE, Panama (CNN) -- A famed primatologist says the plight of chimpanzees helped inspire Michael Jackson to write the song "Heal the World." Michael Jackson loved chimpanzees, said Jane Goodall: "They made him smile." But the theme and the lyrics of the song turned out to be about a better world for humanity. "He wrote what he told me he thought was his most powerful song ever, but it didn't end up for animals," Jane Goodall said in a CNN interview Thursday night. Goodall spoke exclusively to CNN in a Panamanian rain forest where she is exploring a partnership on behalf of Roots & Shoots, her global youth education program. The interview comes as a new version of the song, first released on Jackson's 1991 "Dangerous" album, is being recorded by a collection of artists for release in late October. Goodall became friends with Jackson about 20 years ago when he invited her to his Neverland Ranch, where "he talked about his dreams for the place to have animals running, looking free like they would in the wild. ... It was just a very charming day, very low key, nobody else was there," she said. Goodall, famous for her 50 years of groundbreaking research on chimpanzees in Africa, said Jackson invited her because "he loved what I did." "He loved chimpanzees," she said. "He loved to watch them feeding. He liked their faces. They made him smile." Years later, she met Jackson's chimp, Bubbles, and has visited him at his retirement refuge in Florida, she said. "He's extremely handsome," she said. "He's a beautiful, beautiful chimp. So, he was rescued in time from this life of being inappropriately dressed up and carted around like a little symbol." Goodall, whose life has been spent understanding chimpanzees, said she found Jackson to be "a sad person." "In some ways, he was like a child, and a very sweet and gentle child, and he wanted me to tell him many, many stories," she said. "Stories about the chimpanzees, the forests, animals, anything. He told me he liked the way I told stories." Goodall, who travels the world to promote protection of endangered chimps, said she had hoped Jackson would help get her message out. "I said to him, 'You know, Michael, if you want to help, you could do a concert and give us a percentage. Or much better, write a song,' " she said. Jackson asked her for tapes of animals in distress because "he wanted to be angry and cry" as he wrote the song, which became "Heal the World," she said. The original CD cover notes credited Goodall for inspiring the song, she said. But, she added, the Jane Goodall Institute never saw any money from the song. Jackson later created the "Heal the World Foundation," which he funded with a series of concerts. The group delivered millions of dollars of relief to children around the world.

What did Jackson write to call attention to chimpanzees' problems?

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MAMONI VALLEY PRESERVE, Panama (CNN) -- A famed primatologist says the plight of chimpanzees helped inspire Michael Jackson to write the song "Heal the World." Michael Jackson loved chimpanzees, said Jane Goodall: "They made him smile." But the theme and the lyrics of the song turned out to be about a better world for humanity. He told me he liked the way I told stories." Goodall, who travels the world to promote protection of endangered chimps, said she had hoped Jackson would help get her message out. "I said to him, 'You know, Michael, if you want to help, you could do a concert and give us a percentage. Or much better, write a song,' " she said. Goodall, whose life has been spent understanding chimpanzees, said she found Jackson to be "a sad person." "In some ways, he was like a child, and a very sweet and gentle child, and he wanted me to tell him many, many stories," she said. "Stories about the chimpanzees, the forests, animals, anything. He told me he liked the way I told stories." It was just a very charming day, very low key, nobody else was there," she said. Goodall, famous for her 50 years of groundbreaking research on chimpanzees in Africa, said Jackson invited her because "he loved what I did." "He loved chimpanzees," she said. "He loved to watch them feeding. He liked their faces. They made him smile." They made him smile." Years later, she met Jackson's chimp, Bubbles, and has visited him at his retirement refuge in Florida, she said. "He's extremely handsome," she said. "He's a beautiful, beautiful chimp. So, he was rescued in time from this life of being inappropriately dressed up and carted around like a little symbol." Goodall, whose life has been spent understanding chimpanzees, said she found Jackson to be "a sad person." Or much better, write a song,' " she said. Jackson asked her for tapes of animals in distress because "he wanted to be angry and cry" as he wrote the song, which became "Heal the World," she said. The original CD cover notes credited Goodall for inspiring the song, she said. But, she added, the Jane Goodall Institute never saw any money from the song. But, she added, the Jane Goodall Institute never saw any money from the song. Jackson later created the "Heal the World Foundation," which he funded with a series of concerts. The group delivered millions of dollars of relief to children around the world. The interview comes as a new version of the song, first released on Jackson's 1991 "Dangerous" album, is being recorded by a collection of artists for release in late October. Goodall became friends with Jackson about 20 years ago when he invited her to his Neverland Ranch, where "he talked about his dreams for the place to have animals running, looking free like they would in the wild. ... It was just a very charming day, very low key, nobody else was there," she said. Goodall spoke exclusively to CNN in a Panamanian rain forest where she is exploring a partnership on behalf of Roots & Shoots, her global youth education program. The interview comes as a new version of the song, first released on Jackson's 1991 "Dangerous" album, is being recorded by a collection of artists for release in late October. But the theme and the lyrics of the song turned out to be about a better world for humanity. "He wrote what he told me he thought was his most powerful song ever, but it didn't end up for animals," Jane Goodall said in a CNN interview Thursday night. Goodall spoke exclusively to CNN in a Panamanian rain forest where she is exploring a partnership on behalf of Roots & Shoots, her global youth education program.

MAMONI VALLEY PRESERVE, Panama (CNN) -- A famed primatologist says the plight of chimpanzees helped inspire Michael Jackson to write the song "Heal the World." Michael Jackson loved chimpanzees, said Jane Goodall: "They made him smile." But the theme and the lyrics of the song turned out to be about a better world for humanity. "He wrote what he told me he thought was his most powerful song ever, but it didn't end up for animals," Jane Goodall said in a CNN interview Thursday night. Goodall spoke exclusively to CNN in a Panamanian rain forest where she is exploring a partnership on behalf of Roots & Shoots, her global youth education program. The interview comes as a new version of the song, first released on Jackson's 1991 "Dangerous" album, is being recorded by a collection of artists for release in late October. Goodall became friends with Jackson about 20 years ago when he invited her to his Neverland Ranch, where "he talked about his dreams for the place to have animals running, looking free like they would in the wild. ... It was just a very charming day, very low key, nobody else was there," she said. Goodall, famous for her 50 years of groundbreaking research on chimpanzees in Africa, said Jackson invited her because "he loved what I did." "He loved chimpanzees," she said. "He loved to watch them feeding. He liked their faces. They made him smile." Years later, she met Jackson's chimp, Bubbles, and has visited him at his retirement refuge in Florida, she said. "He's extremely handsome," she said. "He's a beautiful, beautiful chimp. So, he was rescued in time from this life of being inappropriately dressed up and carted around like a little symbol." Goodall, whose life has been spent understanding chimpanzees, said she found Jackson to be "a sad person." "In some ways, he was like a child, and a very sweet and gentle child, and he wanted me to tell him many, many stories," she said. "Stories about the chimpanzees, the forests, animals, anything. He told me he liked the way I told stories." Goodall, who travels the world to promote protection of endangered chimps, said she had hoped Jackson would help get her message out. "I said to him, 'You know, Michael, if you want to help, you could do a concert and give us a percentage. Or much better, write a song,' " she said. Jackson asked her for tapes of animals in distress because "he wanted to be angry and cry" as he wrote the song, which became "Heal the World," she said. The original CD cover notes credited Goodall for inspiring the song, she said. But, she added, the Jane Goodall Institute never saw any money from the song. Jackson later created the "Heal the World Foundation," which he funded with a series of concerts. The group delivered millions of dollars of relief to children around the world.

Who said she found Jackson to be a "sad person"?

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Goodall, whose life has been spent understanding chimpanzees, said she found Jackson to be "a sad person." "In some ways, he was like a child, and a very sweet and gentle child, and he wanted me to tell him many, many stories," she said. "Stories about the chimpanzees, the forests, animals, anything. He told me he liked the way I told stories." They made him smile." Years later, she met Jackson's chimp, Bubbles, and has visited him at his retirement refuge in Florida, she said. "He's extremely handsome," she said. "He's a beautiful, beautiful chimp. So, he was rescued in time from this life of being inappropriately dressed up and carted around like a little symbol." Goodall, whose life has been spent understanding chimpanzees, said she found Jackson to be "a sad person." It was just a very charming day, very low key, nobody else was there," she said. Goodall, famous for her 50 years of groundbreaking research on chimpanzees in Africa, said Jackson invited her because "he loved what I did." "He loved chimpanzees," she said. "He loved to watch them feeding. He liked their faces. They made him smile." Or much better, write a song,' " she said. Jackson asked her for tapes of animals in distress because "he wanted to be angry and cry" as he wrote the song, which became "Heal the World," she said. The original CD cover notes credited Goodall for inspiring the song, she said. But, she added, the Jane Goodall Institute never saw any money from the song. He told me he liked the way I told stories." Goodall, who travels the world to promote protection of endangered chimps, said she had hoped Jackson would help get her message out. "I said to him, 'You know, Michael, if you want to help, you could do a concert and give us a percentage. Or much better, write a song,' " she said. The interview comes as a new version of the song, first released on Jackson's 1991 "Dangerous" album, is being recorded by a collection of artists for release in late October. Goodall became friends with Jackson about 20 years ago when he invited her to his Neverland Ranch, where "he talked about his dreams for the place to have animals running, looking free like they would in the wild. ... It was just a very charming day, very low key, nobody else was there," she said. MAMONI VALLEY PRESERVE, Panama (CNN) -- A famed primatologist says the plight of chimpanzees helped inspire Michael Jackson to write the song "Heal the World." Michael Jackson loved chimpanzees, said Jane Goodall: "They made him smile." But the theme and the lyrics of the song turned out to be about a better world for humanity. But, she added, the Jane Goodall Institute never saw any money from the song. Jackson later created the "Heal the World Foundation," which he funded with a series of concerts. The group delivered millions of dollars of relief to children around the world. Goodall spoke exclusively to CNN in a Panamanian rain forest where she is exploring a partnership on behalf of Roots & Shoots, her global youth education program. The interview comes as a new version of the song, first released on Jackson's 1991 "Dangerous" album, is being recorded by a collection of artists for release in late October. But the theme and the lyrics of the song turned out to be about a better world for humanity. "He wrote what he told me he thought was his most powerful song ever, but it didn't end up for animals," Jane Goodall said in a CNN interview Thursday night. Goodall spoke exclusively to CNN in a Panamanian rain forest where she is exploring a partnership on behalf of Roots & Shoots, her global youth education program.

MAMONI VALLEY PRESERVE, Panama (CNN) -- A famed primatologist says the plight of chimpanzees helped inspire Michael Jackson to write the song "Heal the World." Michael Jackson loved chimpanzees, said Jane Goodall: "They made him smile." But the theme and the lyrics of the song turned out to be about a better world for humanity. "He wrote what he told me he thought was his most powerful song ever, but it didn't end up for animals," Jane Goodall said in a CNN interview Thursday night. Goodall spoke exclusively to CNN in a Panamanian rain forest where she is exploring a partnership on behalf of Roots & Shoots, her global youth education program. The interview comes as a new version of the song, first released on Jackson's 1991 "Dangerous" album, is being recorded by a collection of artists for release in late October. Goodall became friends with Jackson about 20 years ago when he invited her to his Neverland Ranch, where "he talked about his dreams for the place to have animals running, looking free like they would in the wild. ... It was just a very charming day, very low key, nobody else was there," she said. Goodall, famous for her 50 years of groundbreaking research on chimpanzees in Africa, said Jackson invited her because "he loved what I did." "He loved chimpanzees," she said. "He loved to watch them feeding. He liked their faces. They made him smile." Years later, she met Jackson's chimp, Bubbles, and has visited him at his retirement refuge in Florida, she said. "He's extremely handsome," she said. "He's a beautiful, beautiful chimp. So, he was rescued in time from this life of being inappropriately dressed up and carted around like a little symbol." Goodall, whose life has been spent understanding chimpanzees, said she found Jackson to be "a sad person." "In some ways, he was like a child, and a very sweet and gentle child, and he wanted me to tell him many, many stories," she said. "Stories about the chimpanzees, the forests, animals, anything. He told me he liked the way I told stories." Goodall, who travels the world to promote protection of endangered chimps, said she had hoped Jackson would help get her message out. "I said to him, 'You know, Michael, if you want to help, you could do a concert and give us a percentage. Or much better, write a song,' " she said. Jackson asked her for tapes of animals in distress because "he wanted to be angry and cry" as he wrote the song, which became "Heal the World," she said. The original CD cover notes credited Goodall for inspiring the song, she said. But, she added, the Jane Goodall Institute never saw any money from the song. Jackson later created the "Heal the World Foundation," which he funded with a series of concerts. The group delivered millions of dollars of relief to children around the world.

What did Michael Jackson love?

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MAMONI VALLEY PRESERVE, Panama (CNN) -- A famed primatologist says the plight of chimpanzees helped inspire Michael Jackson to write the song "Heal the World." Michael Jackson loved chimpanzees, said Jane Goodall: "They made him smile." But the theme and the lyrics of the song turned out to be about a better world for humanity. It was just a very charming day, very low key, nobody else was there," she said. Goodall, famous for her 50 years of groundbreaking research on chimpanzees in Africa, said Jackson invited her because "he loved what I did." "He loved chimpanzees," she said. "He loved to watch them feeding. He liked their faces. They made him smile." They made him smile." Years later, she met Jackson's chimp, Bubbles, and has visited him at his retirement refuge in Florida, she said. "He's extremely handsome," she said. "He's a beautiful, beautiful chimp. So, he was rescued in time from this life of being inappropriately dressed up and carted around like a little symbol." Goodall, whose life has been spent understanding chimpanzees, said she found Jackson to be "a sad person." He told me he liked the way I told stories." Goodall, who travels the world to promote protection of endangered chimps, said she had hoped Jackson would help get her message out. "I said to him, 'You know, Michael, if you want to help, you could do a concert and give us a percentage. Or much better, write a song,' " she said. Goodall, whose life has been spent understanding chimpanzees, said she found Jackson to be "a sad person." "In some ways, he was like a child, and a very sweet and gentle child, and he wanted me to tell him many, many stories," she said. "Stories about the chimpanzees, the forests, animals, anything. He told me he liked the way I told stories." The interview comes as a new version of the song, first released on Jackson's 1991 "Dangerous" album, is being recorded by a collection of artists for release in late October. Goodall became friends with Jackson about 20 years ago when he invited her to his Neverland Ranch, where "he talked about his dreams for the place to have animals running, looking free like they would in the wild. ... It was just a very charming day, very low key, nobody else was there," she said. Or much better, write a song,' " she said. Jackson asked her for tapes of animals in distress because "he wanted to be angry and cry" as he wrote the song, which became "Heal the World," she said. The original CD cover notes credited Goodall for inspiring the song, she said. But, she added, the Jane Goodall Institute never saw any money from the song. But, she added, the Jane Goodall Institute never saw any money from the song. Jackson later created the "Heal the World Foundation," which he funded with a series of concerts. The group delivered millions of dollars of relief to children around the world. Goodall spoke exclusively to CNN in a Panamanian rain forest where she is exploring a partnership on behalf of Roots & Shoots, her global youth education program. The interview comes as a new version of the song, first released on Jackson's 1991 "Dangerous" album, is being recorded by a collection of artists for release in late October. But the theme and the lyrics of the song turned out to be about a better world for humanity. "He wrote what he told me he thought was his most powerful song ever, but it didn't end up for animals," Jane Goodall said in a CNN interview Thursday night. Goodall spoke exclusively to CNN in a Panamanian rain forest where she is exploring a partnership on behalf of Roots & Shoots, her global youth education program.

MAMONI VALLEY PRESERVE, Panama (CNN) -- A famed primatologist says the plight of chimpanzees helped inspire Michael Jackson to write the song "Heal the World." Michael Jackson loved chimpanzees, said Jane Goodall: "They made him smile." But the theme and the lyrics of the song turned out to be about a better world for humanity. "He wrote what he told me he thought was his most powerful song ever, but it didn't end up for animals," Jane Goodall said in a CNN interview Thursday night. Goodall spoke exclusively to CNN in a Panamanian rain forest where she is exploring a partnership on behalf of Roots & Shoots, her global youth education program. The interview comes as a new version of the song, first released on Jackson's 1991 "Dangerous" album, is being recorded by a collection of artists for release in late October. Goodall became friends with Jackson about 20 years ago when he invited her to his Neverland Ranch, where "he talked about his dreams for the place to have animals running, looking free like they would in the wild. ... It was just a very charming day, very low key, nobody else was there," she said. Goodall, famous for her 50 years of groundbreaking research on chimpanzees in Africa, said Jackson invited her because "he loved what I did." "He loved chimpanzees," she said. "He loved to watch them feeding. He liked their faces. They made him smile." Years later, she met Jackson's chimp, Bubbles, and has visited him at his retirement refuge in Florida, she said. "He's extremely handsome," she said. "He's a beautiful, beautiful chimp. So, he was rescued in time from this life of being inappropriately dressed up and carted around like a little symbol." Goodall, whose life has been spent understanding chimpanzees, said she found Jackson to be "a sad person." "In some ways, he was like a child, and a very sweet and gentle child, and he wanted me to tell him many, many stories," she said. "Stories about the chimpanzees, the forests, animals, anything. He told me he liked the way I told stories." Goodall, who travels the world to promote protection of endangered chimps, said she had hoped Jackson would help get her message out. "I said to him, 'You know, Michael, if you want to help, you could do a concert and give us a percentage. Or much better, write a song,' " she said. Jackson asked her for tapes of animals in distress because "he wanted to be angry and cry" as he wrote the song, which became "Heal the World," she said. The original CD cover notes credited Goodall for inspiring the song, she said. But, she added, the Jane Goodall Institute never saw any money from the song. Jackson later created the "Heal the World Foundation," which he funded with a series of concerts. The group delivered millions of dollars of relief to children around the world.

What did Goodall say about Jackson's demeanor?

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It was just a very charming day, very low key, nobody else was there," she said. Goodall, famous for her 50 years of groundbreaking research on chimpanzees in Africa, said Jackson invited her because "he loved what I did." "He loved chimpanzees," she said. "He loved to watch them feeding. He liked their faces. They made him smile." Goodall, whose life has been spent understanding chimpanzees, said she found Jackson to be "a sad person." "In some ways, he was like a child, and a very sweet and gentle child, and he wanted me to tell him many, many stories," she said. "Stories about the chimpanzees, the forests, animals, anything. He told me he liked the way I told stories." They made him smile." Years later, she met Jackson's chimp, Bubbles, and has visited him at his retirement refuge in Florida, she said. "He's extremely handsome," she said. "He's a beautiful, beautiful chimp. So, he was rescued in time from this life of being inappropriately dressed up and carted around like a little symbol." Goodall, whose life has been spent understanding chimpanzees, said she found Jackson to be "a sad person." He told me he liked the way I told stories." Goodall, who travels the world to promote protection of endangered chimps, said she had hoped Jackson would help get her message out. "I said to him, 'You know, Michael, if you want to help, you could do a concert and give us a percentage. Or much better, write a song,' " she said. Or much better, write a song,' " she said. Jackson asked her for tapes of animals in distress because "he wanted to be angry and cry" as he wrote the song, which became "Heal the World," she said. The original CD cover notes credited Goodall for inspiring the song, she said. But, she added, the Jane Goodall Institute never saw any money from the song. The interview comes as a new version of the song, first released on Jackson's 1991 "Dangerous" album, is being recorded by a collection of artists for release in late October. Goodall became friends with Jackson about 20 years ago when he invited her to his Neverland Ranch, where "he talked about his dreams for the place to have animals running, looking free like they would in the wild. ... It was just a very charming day, very low key, nobody else was there," she said. MAMONI VALLEY PRESERVE, Panama (CNN) -- A famed primatologist says the plight of chimpanzees helped inspire Michael Jackson to write the song "Heal the World." Michael Jackson loved chimpanzees, said Jane Goodall: "They made him smile." But the theme and the lyrics of the song turned out to be about a better world for humanity. Goodall spoke exclusively to CNN in a Panamanian rain forest where she is exploring a partnership on behalf of Roots & Shoots, her global youth education program. The interview comes as a new version of the song, first released on Jackson's 1991 "Dangerous" album, is being recorded by a collection of artists for release in late October. But the theme and the lyrics of the song turned out to be about a better world for humanity. "He wrote what he told me he thought was his most powerful song ever, but it didn't end up for animals," Jane Goodall said in a CNN interview Thursday night. Goodall spoke exclusively to CNN in a Panamanian rain forest where she is exploring a partnership on behalf of Roots & Shoots, her global youth education program. But, she added, the Jane Goodall Institute never saw any money from the song. Jackson later created the "Heal the World Foundation," which he funded with a series of concerts. The group delivered millions of dollars of relief to children around the world.

MAMONI VALLEY PRESERVE, Panama (CNN) -- A famed primatologist says the plight of chimpanzees helped inspire Michael Jackson to write the song "Heal the World." Michael Jackson loved chimpanzees, said Jane Goodall: "They made him smile." But the theme and the lyrics of the song turned out to be about a better world for humanity. "He wrote what he told me he thought was his most powerful song ever, but it didn't end up for animals," Jane Goodall said in a CNN interview Thursday night. Goodall spoke exclusively to CNN in a Panamanian rain forest where she is exploring a partnership on behalf of Roots & Shoots, her global youth education program. The interview comes as a new version of the song, first released on Jackson's 1991 "Dangerous" album, is being recorded by a collection of artists for release in late October. Goodall became friends with Jackson about 20 years ago when he invited her to his Neverland Ranch, where "he talked about his dreams for the place to have animals running, looking free like they would in the wild. ... It was just a very charming day, very low key, nobody else was there," she said. Goodall, famous for her 50 years of groundbreaking research on chimpanzees in Africa, said Jackson invited her because "he loved what I did." "He loved chimpanzees," she said. "He loved to watch them feeding. He liked their faces. They made him smile." Years later, she met Jackson's chimp, Bubbles, and has visited him at his retirement refuge in Florida, she said. "He's extremely handsome," she said. "He's a beautiful, beautiful chimp. So, he was rescued in time from this life of being inappropriately dressed up and carted around like a little symbol." Goodall, whose life has been spent understanding chimpanzees, said she found Jackson to be "a sad person." "In some ways, he was like a child, and a very sweet and gentle child, and he wanted me to tell him many, many stories," she said. "Stories about the chimpanzees, the forests, animals, anything. He told me he liked the way I told stories." Goodall, who travels the world to promote protection of endangered chimps, said she had hoped Jackson would help get her message out. "I said to him, 'You know, Michael, if you want to help, you could do a concert and give us a percentage. Or much better, write a song,' " she said. Jackson asked her for tapes of animals in distress because "he wanted to be angry and cry" as he wrote the song, which became "Heal the World," she said. The original CD cover notes credited Goodall for inspiring the song, she said. But, she added, the Jane Goodall Institute never saw any money from the song. Jackson later created the "Heal the World Foundation," which he funded with a series of concerts. The group delivered millions of dollars of relief to children around the world.

who said Michael Jackson loved chimpanzees?

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It was just a very charming day, very low key, nobody else was there," she said. Goodall, famous for her 50 years of groundbreaking research on chimpanzees in Africa, said Jackson invited her because "he loved what I did." "He loved chimpanzees," she said. "He loved to watch them feeding. He liked their faces. They made him smile." MAMONI VALLEY PRESERVE, Panama (CNN) -- A famed primatologist says the plight of chimpanzees helped inspire Michael Jackson to write the song "Heal the World." Michael Jackson loved chimpanzees, said Jane Goodall: "They made him smile." But the theme and the lyrics of the song turned out to be about a better world for humanity. Goodall, whose life has been spent understanding chimpanzees, said she found Jackson to be "a sad person." "In some ways, he was like a child, and a very sweet and gentle child, and he wanted me to tell him many, many stories," she said. "Stories about the chimpanzees, the forests, animals, anything. He told me he liked the way I told stories." They made him smile." Years later, she met Jackson's chimp, Bubbles, and has visited him at his retirement refuge in Florida, she said. "He's extremely handsome," she said. "He's a beautiful, beautiful chimp. So, he was rescued in time from this life of being inappropriately dressed up and carted around like a little symbol." Goodall, whose life has been spent understanding chimpanzees, said she found Jackson to be "a sad person." He told me he liked the way I told stories." Goodall, who travels the world to promote protection of endangered chimps, said she had hoped Jackson would help get her message out. "I said to him, 'You know, Michael, if you want to help, you could do a concert and give us a percentage. Or much better, write a song,' " she said. Or much better, write a song,' " she said. Jackson asked her for tapes of animals in distress because "he wanted to be angry and cry" as he wrote the song, which became "Heal the World," she said. The original CD cover notes credited Goodall for inspiring the song, she said. But, she added, the Jane Goodall Institute never saw any money from the song. The interview comes as a new version of the song, first released on Jackson's 1991 "Dangerous" album, is being recorded by a collection of artists for release in late October. Goodall became friends with Jackson about 20 years ago when he invited her to his Neverland Ranch, where "he talked about his dreams for the place to have animals running, looking free like they would in the wild. ... It was just a very charming day, very low key, nobody else was there," she said. But, she added, the Jane Goodall Institute never saw any money from the song. Jackson later created the "Heal the World Foundation," which he funded with a series of concerts. The group delivered millions of dollars of relief to children around the world. Goodall spoke exclusively to CNN in a Panamanian rain forest where she is exploring a partnership on behalf of Roots & Shoots, her global youth education program. The interview comes as a new version of the song, first released on Jackson's 1991 "Dangerous" album, is being recorded by a collection of artists for release in late October. But the theme and the lyrics of the song turned out to be about a better world for humanity. "He wrote what he told me he thought was his most powerful song ever, but it didn't end up for animals," Jane Goodall said in a CNN interview Thursday night. Goodall spoke exclusively to CNN in a Panamanian rain forest where she is exploring a partnership on behalf of Roots & Shoots, her global youth education program.

TOKYO, Japan (CNN) -- Japan's GDP fell 4 percent last quarter, the fastest pace on record, the government said on Wednesday. A homeless man pulls his cart filled with possessions and goods for recycling on March 18 in Osaka, Japan. The January-March quarter for Japan was 15.4 percent lower than the same time period last year, according to figures released by the Cabinet Office. Exports fell 26 percent on quarter, while imports were down 15 percent. The GDP slide in the world's second-largest economy is the greatest drop among the world's leading economies. By comparison, GDP in the United States fell 6.1 percent on an annual basis. This was the fourth straight quarter the Japanese economy contracted. Analysts say the drop reflects cuts in domestic spending with job cuts, factory closings and less capital spending as a result of spiraling sales abroad. The news punctuates a month of poor economic news out of Japan in recent weeks. Panasonic, one of the world's largest makers of electronic devices, announced it lost nearly $4 billion in the fiscal year ending March 31. Hitachi lost $8 billion in the fiscal year, with consolidated revenues down 11 percent from last year, the largest loss ever recorded by a Japanese manufacturer. NEC Corporation lost $3 billion in the past fiscal year, down nearly 11.5 percent from last year. Meanwhile, Nissan lost $2.3 billion for the year.Sony Corp. announced net losses of $1 billion for the fiscal year ending March 31, finishing a year in the red for the first time in 14 years.

how many percent fell?

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Exports fell 26 percent on quarter, while imports were down 15 percent. The GDP slide in the world's second-largest economy is the greatest drop among the world's leading economies. By comparison, GDP in the United States fell 6.1 percent on an annual basis. This was the fourth straight quarter the Japanese economy contracted. Analysts say the drop reflects cuts in domestic spending with job cuts, factory closings and less capital spending as a result of spiraling sales abroad. TOKYO, Japan (CNN) -- Japan's GDP fell 4 percent last quarter, the fastest pace on record, the government said on Wednesday. A homeless man pulls his cart filled with possessions and goods for recycling on March 18 in Osaka, Japan. The January-March quarter for Japan was 15.4 percent lower than the same time period last year, according to figures released by the Cabinet Office. Exports fell 26 percent on quarter, while imports were down 15 percent. NEC Corporation lost $3 billion in the past fiscal year, down nearly 11.5 percent from last year. Meanwhile, Nissan lost $2.3 billion for the year.Sony Corp. announced net losses of $1 billion for the fiscal year ending March 31, finishing a year in the red for the first time in 14 years. Panasonic, one of the world's largest makers of electronic devices, announced it lost nearly $4 billion in the fiscal year ending March 31. Hitachi lost $8 billion in the fiscal year, with consolidated revenues down 11 percent from last year, the largest loss ever recorded by a Japanese manufacturer. NEC Corporation lost $3 billion in the past fiscal year, down nearly 11.5 percent from last year. Analysts say the drop reflects cuts in domestic spending with job cuts, factory closings and less capital spending as a result of spiraling sales abroad. The news punctuates a month of poor economic news out of Japan in recent weeks. Panasonic, one of the world's largest makers of electronic devices, announced it lost nearly $4 billion in the fiscal year ending March 31.

TOKYO, Japan (CNN) -- Japan's GDP fell 4 percent last quarter, the fastest pace on record, the government said on Wednesday. A homeless man pulls his cart filled with possessions and goods for recycling on March 18 in Osaka, Japan. The January-March quarter for Japan was 15.4 percent lower than the same time period last year, according to figures released by the Cabinet Office. Exports fell 26 percent on quarter, while imports were down 15 percent. The GDP slide in the world's second-largest economy is the greatest drop among the world's leading economies. By comparison, GDP in the United States fell 6.1 percent on an annual basis. This was the fourth straight quarter the Japanese economy contracted. Analysts say the drop reflects cuts in domestic spending with job cuts, factory closings and less capital spending as a result of spiraling sales abroad. The news punctuates a month of poor economic news out of Japan in recent weeks. Panasonic, one of the world's largest makers of electronic devices, announced it lost nearly $4 billion in the fiscal year ending March 31. Hitachi lost $8 billion in the fiscal year, with consolidated revenues down 11 percent from last year, the largest loss ever recorded by a Japanese manufacturer. NEC Corporation lost $3 billion in the past fiscal year, down nearly 11.5 percent from last year. Meanwhile, Nissan lost $2.3 billion for the year.Sony Corp. announced net losses of $1 billion for the fiscal year ending March 31, finishing a year in the red for the first time in 14 years.

How much did Japan's GDP fall last quarter?

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TOKYO, Japan (CNN) -- Japan's GDP fell 4 percent last quarter, the fastest pace on record, the government said on Wednesday. A homeless man pulls his cart filled with possessions and goods for recycling on March 18 in Osaka, Japan. The January-March quarter for Japan was 15.4 percent lower than the same time period last year, according to figures released by the Cabinet Office. Exports fell 26 percent on quarter, while imports were down 15 percent. Exports fell 26 percent on quarter, while imports were down 15 percent. The GDP slide in the world's second-largest economy is the greatest drop among the world's leading economies. By comparison, GDP in the United States fell 6.1 percent on an annual basis. This was the fourth straight quarter the Japanese economy contracted. Analysts say the drop reflects cuts in domestic spending with job cuts, factory closings and less capital spending as a result of spiraling sales abroad. Analysts say the drop reflects cuts in domestic spending with job cuts, factory closings and less capital spending as a result of spiraling sales abroad. The news punctuates a month of poor economic news out of Japan in recent weeks. Panasonic, one of the world's largest makers of electronic devices, announced it lost nearly $4 billion in the fiscal year ending March 31. Panasonic, one of the world's largest makers of electronic devices, announced it lost nearly $4 billion in the fiscal year ending March 31. Hitachi lost $8 billion in the fiscal year, with consolidated revenues down 11 percent from last year, the largest loss ever recorded by a Japanese manufacturer. NEC Corporation lost $3 billion in the past fiscal year, down nearly 11.5 percent from last year. NEC Corporation lost $3 billion in the past fiscal year, down nearly 11.5 percent from last year. Meanwhile, Nissan lost $2.3 billion for the year.Sony Corp. announced net losses of $1 billion for the fiscal year ending March 31, finishing a year in the red for the first time in 14 years.

TOKYO, Japan (CNN) -- Japan's GDP fell 4 percent last quarter, the fastest pace on record, the government said on Wednesday. A homeless man pulls his cart filled with possessions and goods for recycling on March 18 in Osaka, Japan. The January-March quarter for Japan was 15.4 percent lower than the same time period last year, according to figures released by the Cabinet Office. Exports fell 26 percent on quarter, while imports were down 15 percent. The GDP slide in the world's second-largest economy is the greatest drop among the world's leading economies. By comparison, GDP in the United States fell 6.1 percent on an annual basis. This was the fourth straight quarter the Japanese economy contracted. Analysts say the drop reflects cuts in domestic spending with job cuts, factory closings and less capital spending as a result of spiraling sales abroad. The news punctuates a month of poor economic news out of Japan in recent weeks. Panasonic, one of the world's largest makers of electronic devices, announced it lost nearly $4 billion in the fiscal year ending March 31. Hitachi lost $8 billion in the fiscal year, with consolidated revenues down 11 percent from last year, the largest loss ever recorded by a Japanese manufacturer. NEC Corporation lost $3 billion in the past fiscal year, down nearly 11.5 percent from last year. Meanwhile, Nissan lost $2.3 billion for the year.Sony Corp. announced net losses of $1 billion for the fiscal year ending March 31, finishing a year in the red for the first time in 14 years.

How many quarters has the Japanese economy contracted?

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Exports fell 26 percent on quarter, while imports were down 15 percent. The GDP slide in the world's second-largest economy is the greatest drop among the world's leading economies. By comparison, GDP in the United States fell 6.1 percent on an annual basis. This was the fourth straight quarter the Japanese economy contracted. Analysts say the drop reflects cuts in domestic spending with job cuts, factory closings and less capital spending as a result of spiraling sales abroad. TOKYO, Japan (CNN) -- Japan's GDP fell 4 percent last quarter, the fastest pace on record, the government said on Wednesday. A homeless man pulls his cart filled with possessions and goods for recycling on March 18 in Osaka, Japan. The January-March quarter for Japan was 15.4 percent lower than the same time period last year, according to figures released by the Cabinet Office. Exports fell 26 percent on quarter, while imports were down 15 percent. Analysts say the drop reflects cuts in domestic spending with job cuts, factory closings and less capital spending as a result of spiraling sales abroad. The news punctuates a month of poor economic news out of Japan in recent weeks. Panasonic, one of the world's largest makers of electronic devices, announced it lost nearly $4 billion in the fiscal year ending March 31. Panasonic, one of the world's largest makers of electronic devices, announced it lost nearly $4 billion in the fiscal year ending March 31. Hitachi lost $8 billion in the fiscal year, with consolidated revenues down 11 percent from last year, the largest loss ever recorded by a Japanese manufacturer. NEC Corporation lost $3 billion in the past fiscal year, down nearly 11.5 percent from last year. NEC Corporation lost $3 billion in the past fiscal year, down nearly 11.5 percent from last year. Meanwhile, Nissan lost $2.3 billion for the year.Sony Corp. announced net losses of $1 billion for the fiscal year ending March 31, finishing a year in the red for the first time in 14 years.

TOKYO, Japan (CNN) -- Japan's GDP fell 4 percent last quarter, the fastest pace on record, the government said on Wednesday. A homeless man pulls his cart filled with possessions and goods for recycling on March 18 in Osaka, Japan. The January-March quarter for Japan was 15.4 percent lower than the same time period last year, according to figures released by the Cabinet Office. Exports fell 26 percent on quarter, while imports were down 15 percent. The GDP slide in the world's second-largest economy is the greatest drop among the world's leading economies. By comparison, GDP in the United States fell 6.1 percent on an annual basis. This was the fourth straight quarter the Japanese economy contracted. Analysts say the drop reflects cuts in domestic spending with job cuts, factory closings and less capital spending as a result of spiraling sales abroad. The news punctuates a month of poor economic news out of Japan in recent weeks. Panasonic, one of the world's largest makers of electronic devices, announced it lost nearly $4 billion in the fiscal year ending March 31. Hitachi lost $8 billion in the fiscal year, with consolidated revenues down 11 percent from last year, the largest loss ever recorded by a Japanese manufacturer. NEC Corporation lost $3 billion in the past fiscal year, down nearly 11.5 percent from last year. Meanwhile, Nissan lost $2.3 billion for the year.Sony Corp. announced net losses of $1 billion for the fiscal year ending March 31, finishing a year in the red for the first time in 14 years.

How much lower was the first quarter GDP than the year before?

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TOKYO, Japan (CNN) -- Japan's GDP fell 4 percent last quarter, the fastest pace on record, the government said on Wednesday. A homeless man pulls his cart filled with possessions and goods for recycling on March 18 in Osaka, Japan. The January-March quarter for Japan was 15.4 percent lower than the same time period last year, according to figures released by the Cabinet Office. Exports fell 26 percent on quarter, while imports were down 15 percent. Exports fell 26 percent on quarter, while imports were down 15 percent. The GDP slide in the world's second-largest economy is the greatest drop among the world's leading economies. By comparison, GDP in the United States fell 6.1 percent on an annual basis. This was the fourth straight quarter the Japanese economy contracted. Analysts say the drop reflects cuts in domestic spending with job cuts, factory closings and less capital spending as a result of spiraling sales abroad. NEC Corporation lost $3 billion in the past fiscal year, down nearly 11.5 percent from last year. Meanwhile, Nissan lost $2.3 billion for the year.Sony Corp. announced net losses of $1 billion for the fiscal year ending March 31, finishing a year in the red for the first time in 14 years. Panasonic, one of the world's largest makers of electronic devices, announced it lost nearly $4 billion in the fiscal year ending March 31. Hitachi lost $8 billion in the fiscal year, with consolidated revenues down 11 percent from last year, the largest loss ever recorded by a Japanese manufacturer. NEC Corporation lost $3 billion in the past fiscal year, down nearly 11.5 percent from last year. Analysts say the drop reflects cuts in domestic spending with job cuts, factory closings and less capital spending as a result of spiraling sales abroad. The news punctuates a month of poor economic news out of Japan in recent weeks. Panasonic, one of the world's largest makers of electronic devices, announced it lost nearly $4 billion in the fiscal year ending March 31.

TOKYO, Japan (CNN) -- Japan's GDP fell 4 percent last quarter, the fastest pace on record, the government said on Wednesday. A homeless man pulls his cart filled with possessions and goods for recycling on March 18 in Osaka, Japan. The January-March quarter for Japan was 15.4 percent lower than the same time period last year, according to figures released by the Cabinet Office. Exports fell 26 percent on quarter, while imports were down 15 percent. The GDP slide in the world's second-largest economy is the greatest drop among the world's leading economies. By comparison, GDP in the United States fell 6.1 percent on an annual basis. This was the fourth straight quarter the Japanese economy contracted. Analysts say the drop reflects cuts in domestic spending with job cuts, factory closings and less capital spending as a result of spiraling sales abroad. The news punctuates a month of poor economic news out of Japan in recent weeks. Panasonic, one of the world's largest makers of electronic devices, announced it lost nearly $4 billion in the fiscal year ending March 31. Hitachi lost $8 billion in the fiscal year, with consolidated revenues down 11 percent from last year, the largest loss ever recorded by a Japanese manufacturer. NEC Corporation lost $3 billion in the past fiscal year, down nearly 11.5 percent from last year. Meanwhile, Nissan lost $2.3 billion for the year.Sony Corp. announced net losses of $1 billion for the fiscal year ending March 31, finishing a year in the red for the first time in 14 years.

how much straight are?

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Exports fell 26 percent on quarter, while imports were down 15 percent. The GDP slide in the world's second-largest economy is the greatest drop among the world's leading economies. By comparison, GDP in the United States fell 6.1 percent on an annual basis. This was the fourth straight quarter the Japanese economy contracted. Analysts say the drop reflects cuts in domestic spending with job cuts, factory closings and less capital spending as a result of spiraling sales abroad. NEC Corporation lost $3 billion in the past fiscal year, down nearly 11.5 percent from last year. Meanwhile, Nissan lost $2.3 billion for the year.Sony Corp. announced net losses of $1 billion for the fiscal year ending March 31, finishing a year in the red for the first time in 14 years. Panasonic, one of the world's largest makers of electronic devices, announced it lost nearly $4 billion in the fiscal year ending March 31. Hitachi lost $8 billion in the fiscal year, with consolidated revenues down 11 percent from last year, the largest loss ever recorded by a Japanese manufacturer. NEC Corporation lost $3 billion in the past fiscal year, down nearly 11.5 percent from last year. TOKYO, Japan (CNN) -- Japan's GDP fell 4 percent last quarter, the fastest pace on record, the government said on Wednesday. A homeless man pulls his cart filled with possessions and goods for recycling on March 18 in Osaka, Japan. The January-March quarter for Japan was 15.4 percent lower than the same time period last year, according to figures released by the Cabinet Office. Exports fell 26 percent on quarter, while imports were down 15 percent. Analysts say the drop reflects cuts in domestic spending with job cuts, factory closings and less capital spending as a result of spiraling sales abroad. The news punctuates a month of poor economic news out of Japan in recent weeks. Panasonic, one of the world's largest makers of electronic devices, announced it lost nearly $4 billion in the fiscal year ending March 31.

TOKYO, Japan (CNN) -- Japan's GDP fell 4 percent last quarter, the fastest pace on record, the government said on Wednesday. A homeless man pulls his cart filled with possessions and goods for recycling on March 18 in Osaka, Japan. The January-March quarter for Japan was 15.4 percent lower than the same time period last year, according to figures released by the Cabinet Office. Exports fell 26 percent on quarter, while imports were down 15 percent. The GDP slide in the world's second-largest economy is the greatest drop among the world's leading economies. By comparison, GDP in the United States fell 6.1 percent on an annual basis. This was the fourth straight quarter the Japanese economy contracted. Analysts say the drop reflects cuts in domestic spending with job cuts, factory closings and less capital spending as a result of spiraling sales abroad. The news punctuates a month of poor economic news out of Japan in recent weeks. Panasonic, one of the world's largest makers of electronic devices, announced it lost nearly $4 billion in the fiscal year ending March 31. Hitachi lost $8 billion in the fiscal year, with consolidated revenues down 11 percent from last year, the largest loss ever recorded by a Japanese manufacturer. NEC Corporation lost $3 billion in the past fiscal year, down nearly 11.5 percent from last year. Meanwhile, Nissan lost $2.3 billion for the year.Sony Corp. announced net losses of $1 billion for the fiscal year ending March 31, finishing a year in the red for the first time in 14 years.

What was 15.4 percent lower than the same time period last year?

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TOKYO, Japan (CNN) -- Japan's GDP fell 4 percent last quarter, the fastest pace on record, the government said on Wednesday. A homeless man pulls his cart filled with possessions and goods for recycling on March 18 in Osaka, Japan. The January-March quarter for Japan was 15.4 percent lower than the same time period last year, according to figures released by the Cabinet Office. Exports fell 26 percent on quarter, while imports were down 15 percent. Exports fell 26 percent on quarter, while imports were down 15 percent. The GDP slide in the world's second-largest economy is the greatest drop among the world's leading economies. By comparison, GDP in the United States fell 6.1 percent on an annual basis. This was the fourth straight quarter the Japanese economy contracted. Analysts say the drop reflects cuts in domestic spending with job cuts, factory closings and less capital spending as a result of spiraling sales abroad. NEC Corporation lost $3 billion in the past fiscal year, down nearly 11.5 percent from last year. Meanwhile, Nissan lost $2.3 billion for the year.Sony Corp. announced net losses of $1 billion for the fiscal year ending March 31, finishing a year in the red for the first time in 14 years. Panasonic, one of the world's largest makers of electronic devices, announced it lost nearly $4 billion in the fiscal year ending March 31. Hitachi lost $8 billion in the fiscal year, with consolidated revenues down 11 percent from last year, the largest loss ever recorded by a Japanese manufacturer. NEC Corporation lost $3 billion in the past fiscal year, down nearly 11.5 percent from last year. Analysts say the drop reflects cuts in domestic spending with job cuts, factory closings and less capital spending as a result of spiraling sales abroad. The news punctuates a month of poor economic news out of Japan in recent weeks. Panasonic, one of the world's largest makers of electronic devices, announced it lost nearly $4 billion in the fiscal year ending March 31.

New York (CNN) -- More than 80 Michael Jackson collectibles -- including the late pop star's famous rhinestone-studded glove from a 1983 performance -- were auctioned off Saturday, reaping a total $2 million. Profits from the auction at the Hard Rock Cafe in New York's Times Square crushed pre-sale expectations of only $120,000 in sales. The highly prized memorabilia, which included items spanning the many stages of Jackson's career, came from more than 30 fans, associates and family members, who contacted Julien's Auctions to sell their gifts and mementos of the singer. Jackson's flashy glove was the big-ticket item of the night, fetching $420,000 from a buyer in Hong Kong, China. Jackson wore the glove at a 1983 performance during "Motown 25," an NBC special where he debuted his revolutionary moonwalk. Fellow Motown star Walter "Clyde" Orange of the Commodores, who also performed in the special 26 years ago, said he asked for Jackson's autograph at the time, but Jackson gave him the glove instead. "The legacy that [Jackson] left behind is bigger than life for me," Orange said. "I hope that through that glove people can see what he was trying to say in his music and what he said in his music." Orange said he plans to give a portion of the proceeds to charity. Hoffman Ma, who bought the glove on behalf of Ponte 16 Resort in Macau, paid a 25 percent buyer's premium, which was tacked onto all final sales over $50,000. Winners of items less than $50,000 paid a 20 percent premium. Darren Julien, president and CEO of Julien's Auctions, said people were hungry for such tokens of Jackson's life, as evidenced by the 3,500 who registered as bidders for the auction. "Michael was very generous," Julien said. "If you were friends with Michael Jackson or an important part of his life, occasionally he would give something away, and that's a very big reason that these things got out in the public." A signature black synthetic blend jacket from Jackson's 16-month Bad World Tour, his first concert tour as a solo artist, sold for $270,000. Featuring black straps with silver buckles and zippers, the jacket came to symbolize Jackson's "Bad" era. Tori Renza, whose father bought her the Bad jacket when she was just 4 years old, said she grew up singing and dancing to Jackson's songs around her house. "It just became part of our family," said Renza, who planned to use the money from the auction to pay back student loans. Jackson's famed fedora, which he sported at the 1995 MTV Music Awards, sold for $73,800. It was one of three hats Jackson wore during a 10-minute medley before hurling it into the crowd. The hat was auctioned at a charity event that year, and the letter of verification is signed "Lisa Marie Presley Jackson," the daughter of Elvis Presley who was married to Jackson for nearly two years. "To my knowledge, there were not a lot of letters that she signed with her full name," Julien said. Handwritten lyrics of the 1983 smash hit "Beat It," which Jackson scribbled on a piece of white paper, went for $60,000. One of the more bizarre items up for bidding, an upper mold used to fit Jackson with animal fangs for the 1983 video for "Thriller," sold for more than $10,000. The auction also allowed the world to see photographs of Jackson engaged in simple activities, like driving. His 1985 Mercedes-Benz 500 SEL, which he ultimately gave to an aunt as a birthday gift, was auctioned for $104,500. "What's even more significant is that we have photos of Michael driving the car," Julien said. "When have you seen Michael driving a car? He was always chauffeured or driven." There were also a number of autographed photos, as well as signed books, collectibles and artwork. Even

which items are auctioned?

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One of the more bizarre items up for bidding, an upper mold used to fit Jackson with animal fangs for the 1983 video for "Thriller," sold for more than $10,000. The auction also allowed the world to see photographs of Jackson engaged in simple activities, like driving. His 1985 Mercedes-Benz 500 SEL, which he ultimately gave to an aunt as a birthday gift, was auctioned for $104,500. "What's even more significant is that we have photos of Michael driving the car," Julien said. Profits from the auction at the Hard Rock Cafe in New York's Times Square crushed pre-sale expectations of only $120,000 in sales. The highly prized memorabilia, which included items spanning the many stages of Jackson's career, came from more than 30 fans, associates and family members, who contacted Julien's Auctions to sell their gifts and mementos of the singer. Jackson's flashy glove was the big-ticket item of the night, fetching $420,000 from a buyer in Hong Kong, China. Winners of items less than $50,000 paid a 20 percent premium. Darren Julien, president and CEO of Julien's Auctions, said people were hungry for such tokens of Jackson's life, as evidenced by the 3,500 who registered as bidders for the auction. "Michael was very generous," Julien said. "If you were friends with Michael Jackson or an important part of his life, occasionally he would give something away, and that's a very big reason that these things got out in the public." New York (CNN) -- More than 80 Michael Jackson collectibles -- including the late pop star's famous rhinestone-studded glove from a 1983 performance -- were auctioned off Saturday, reaping a total $2 million. Profits from the auction at the Hard Rock Cafe in New York's Times Square crushed pre-sale expectations of only $120,000 in sales. Jackson's flashy glove was the big-ticket item of the night, fetching $420,000 from a buyer in Hong Kong, China. Jackson wore the glove at a 1983 performance during "Motown 25," an NBC special where he debuted his revolutionary moonwalk. Fellow Motown star Walter "Clyde" Orange of the Commodores, who also performed in the special 26 years ago, said he asked for Jackson's autograph at the time, but Jackson gave him the glove instead. "It just became part of our family," said Renza, who planned to use the money from the auction to pay back student loans. Jackson's famed fedora, which he sported at the 1995 MTV Music Awards, sold for $73,800. It was one of three hats Jackson wore during a 10-minute medley before hurling it into the crowd. "To my knowledge, there were not a lot of letters that she signed with her full name," Julien said. Handwritten lyrics of the 1983 smash hit "Beat It," which Jackson scribbled on a piece of white paper, went for $60,000. One of the more bizarre items up for bidding, an upper mold used to fit Jackson with animal fangs for the 1983 video for "Thriller," sold for more than $10,000. "I hope that through that glove people can see what he was trying to say in his music and what he said in his music." Orange said he plans to give a portion of the proceeds to charity. Hoffman Ma, who bought the glove on behalf of Ponte 16 Resort in Macau, paid a 25 percent buyer's premium, which was tacked onto all final sales over $50,000. Winners of items less than $50,000 paid a 20 percent premium. It was one of three hats Jackson wore during a 10-minute medley before hurling it into the crowd. The hat was auctioned at a charity event that year, and the letter of verification is signed "Lisa Marie Presley Jackson," the daughter of Elvis Presley who was married to Jackson for nearly two years. "To my knowledge, there were not a lot of letters that she signed with her full name," Julien said. Featuring black straps with silver buckles and zippers, the jacket came to symbolize Jackson's "Bad" era. Tori Renza, whose father bought her the Bad jacket when she was just 4 years old, said she grew up singing and dancing to Jackson's songs around her house. "It just became part of our family," said Renza, who planned to use the money from the auction to pay back student loans. "If you were friends with Michael Jackson or an important part of his life, occasionally he would give something away, and that's a very big reason that these things got out in the public." A signature black synthetic blend jacket from Jackson's 16-month Bad World Tour, his first concert tour as a solo artist, sold for $270,000. Featuring black straps with silver buckles and zippers, the jacket came to symbolize Jackson's "Bad" era. "What's even more significant is that we have photos of Michael driving the car," Julien said. "When have you seen Michael driving a car? He was always chauffeured or driven." There were also a number of autographed photos, as well as signed books, collectibles and artwork. Even Fellow Motown star Walter "Clyde" Orange of the Commodores, who also performed in the special 26 years ago, said he asked for Jackson's autograph at the time, but Jackson gave him the glove instead. "The legacy that [Jackson] left behind is bigger than life for me," Orange said. "I hope that through that glove people can see what he was trying to say in his music and what he said in his music."

New York (CNN) -- More than 80 Michael Jackson collectibles -- including the late pop star's famous rhinestone-studded glove from a 1983 performance -- were auctioned off Saturday, reaping a total $2 million. Profits from the auction at the Hard Rock Cafe in New York's Times Square crushed pre-sale expectations of only $120,000 in sales. The highly prized memorabilia, which included items spanning the many stages of Jackson's career, came from more than 30 fans, associates and family members, who contacted Julien's Auctions to sell their gifts and mementos of the singer. Jackson's flashy glove was the big-ticket item of the night, fetching $420,000 from a buyer in Hong Kong, China. Jackson wore the glove at a 1983 performance during "Motown 25," an NBC special where he debuted his revolutionary moonwalk. Fellow Motown star Walter "Clyde" Orange of the Commodores, who also performed in the special 26 years ago, said he asked for Jackson's autograph at the time, but Jackson gave him the glove instead. "The legacy that [Jackson] left behind is bigger than life for me," Orange said. "I hope that through that glove people can see what he was trying to say in his music and what he said in his music." Orange said he plans to give a portion of the proceeds to charity. Hoffman Ma, who bought the glove on behalf of Ponte 16 Resort in Macau, paid a 25 percent buyer's premium, which was tacked onto all final sales over $50,000. Winners of items less than $50,000 paid a 20 percent premium. Darren Julien, president and CEO of Julien's Auctions, said people were hungry for such tokens of Jackson's life, as evidenced by the 3,500 who registered as bidders for the auction. "Michael was very generous," Julien said. "If you were friends with Michael Jackson or an important part of his life, occasionally he would give something away, and that's a very big reason that these things got out in the public." A signature black synthetic blend jacket from Jackson's 16-month Bad World Tour, his first concert tour as a solo artist, sold for $270,000. Featuring black straps with silver buckles and zippers, the jacket came to symbolize Jackson's "Bad" era. Tori Renza, whose father bought her the Bad jacket when she was just 4 years old, said she grew up singing and dancing to Jackson's songs around her house. "It just became part of our family," said Renza, who planned to use the money from the auction to pay back student loans. Jackson's famed fedora, which he sported at the 1995 MTV Music Awards, sold for $73,800. It was one of three hats Jackson wore during a 10-minute medley before hurling it into the crowd. The hat was auctioned at a charity event that year, and the letter of verification is signed "Lisa Marie Presley Jackson," the daughter of Elvis Presley who was married to Jackson for nearly two years. "To my knowledge, there were not a lot of letters that she signed with her full name," Julien said. Handwritten lyrics of the 1983 smash hit "Beat It," which Jackson scribbled on a piece of white paper, went for $60,000. One of the more bizarre items up for bidding, an upper mold used to fit Jackson with animal fangs for the 1983 video for "Thriller," sold for more than $10,000. The auction also allowed the world to see photographs of Jackson engaged in simple activities, like driving. His 1985 Mercedes-Benz 500 SEL, which he ultimately gave to an aunt as a birthday gift, was auctioned for $104,500. "What's even more significant is that we have photos of Michael driving the car," Julien said. "When have you seen Michael driving a car? He was always chauffeured or driven." There were also a number of autographed photos, as well as signed books, collectibles and artwork. Even

What was the price of the rhinestone-studded glove?

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New York (CNN) -- More than 80 Michael Jackson collectibles -- including the late pop star's famous rhinestone-studded glove from a 1983 performance -- were auctioned off Saturday, reaping a total $2 million. Profits from the auction at the Hard Rock Cafe in New York's Times Square crushed pre-sale expectations of only $120,000 in sales. Jackson's flashy glove was the big-ticket item of the night, fetching $420,000 from a buyer in Hong Kong, China. Jackson wore the glove at a 1983 performance during "Motown 25," an NBC special where he debuted his revolutionary moonwalk. Fellow Motown star Walter "Clyde" Orange of the Commodores, who also performed in the special 26 years ago, said he asked for Jackson's autograph at the time, but Jackson gave him the glove instead. "I hope that through that glove people can see what he was trying to say in his music and what he said in his music." Orange said he plans to give a portion of the proceeds to charity. Hoffman Ma, who bought the glove on behalf of Ponte 16 Resort in Macau, paid a 25 percent buyer's premium, which was tacked onto all final sales over $50,000. Winners of items less than $50,000 paid a 20 percent premium. Profits from the auction at the Hard Rock Cafe in New York's Times Square crushed pre-sale expectations of only $120,000 in sales. The highly prized memorabilia, which included items spanning the many stages of Jackson's career, came from more than 30 fans, associates and family members, who contacted Julien's Auctions to sell their gifts and mementos of the singer. Jackson's flashy glove was the big-ticket item of the night, fetching $420,000 from a buyer in Hong Kong, China. "It just became part of our family," said Renza, who planned to use the money from the auction to pay back student loans. Jackson's famed fedora, which he sported at the 1995 MTV Music Awards, sold for $73,800. It was one of three hats Jackson wore during a 10-minute medley before hurling it into the crowd. One of the more bizarre items up for bidding, an upper mold used to fit Jackson with animal fangs for the 1983 video for "Thriller," sold for more than $10,000. The auction also allowed the world to see photographs of Jackson engaged in simple activities, like driving. His 1985 Mercedes-Benz 500 SEL, which he ultimately gave to an aunt as a birthday gift, was auctioned for $104,500. "What's even more significant is that we have photos of Michael driving the car," Julien said. "If you were friends with Michael Jackson or an important part of his life, occasionally he would give something away, and that's a very big reason that these things got out in the public." A signature black synthetic blend jacket from Jackson's 16-month Bad World Tour, his first concert tour as a solo artist, sold for $270,000. Featuring black straps with silver buckles and zippers, the jacket came to symbolize Jackson's "Bad" era. "To my knowledge, there were not a lot of letters that she signed with her full name," Julien said. Handwritten lyrics of the 1983 smash hit "Beat It," which Jackson scribbled on a piece of white paper, went for $60,000. One of the more bizarre items up for bidding, an upper mold used to fit Jackson with animal fangs for the 1983 video for "Thriller," sold for more than $10,000. Winners of items less than $50,000 paid a 20 percent premium. Darren Julien, president and CEO of Julien's Auctions, said people were hungry for such tokens of Jackson's life, as evidenced by the 3,500 who registered as bidders for the auction. "Michael was very generous," Julien said. "If you were friends with Michael Jackson or an important part of his life, occasionally he would give something away, and that's a very big reason that these things got out in the public." Fellow Motown star Walter "Clyde" Orange of the Commodores, who also performed in the special 26 years ago, said he asked for Jackson's autograph at the time, but Jackson gave him the glove instead. "The legacy that [Jackson] left behind is bigger than life for me," Orange said. "I hope that through that glove people can see what he was trying to say in his music and what he said in his music." Featuring black straps with silver buckles and zippers, the jacket came to symbolize Jackson's "Bad" era. Tori Renza, whose father bought her the Bad jacket when she was just 4 years old, said she grew up singing and dancing to Jackson's songs around her house. "It just became part of our family," said Renza, who planned to use the money from the auction to pay back student loans. It was one of three hats Jackson wore during a 10-minute medley before hurling it into the crowd. The hat was auctioned at a charity event that year, and the letter of verification is signed "Lisa Marie Presley Jackson," the daughter of Elvis Presley who was married to Jackson for nearly two years. "To my knowledge, there were not a lot of letters that she signed with her full name," Julien said. "What's even more significant is that we have photos of Michael driving the car," Julien said. "When have you seen Michael driving a car? He was always chauffeured or driven." There were also a number of autographed photos, as well as signed books, collectibles and artwork. Even

New York (CNN) -- More than 80 Michael Jackson collectibles -- including the late pop star's famous rhinestone-studded glove from a 1983 performance -- were auctioned off Saturday, reaping a total $2 million. Profits from the auction at the Hard Rock Cafe in New York's Times Square crushed pre-sale expectations of only $120,000 in sales. The highly prized memorabilia, which included items spanning the many stages of Jackson's career, came from more than 30 fans, associates and family members, who contacted Julien's Auctions to sell their gifts and mementos of the singer. Jackson's flashy glove was the big-ticket item of the night, fetching $420,000 from a buyer in Hong Kong, China. Jackson wore the glove at a 1983 performance during "Motown 25," an NBC special where he debuted his revolutionary moonwalk. Fellow Motown star Walter "Clyde" Orange of the Commodores, who also performed in the special 26 years ago, said he asked for Jackson's autograph at the time, but Jackson gave him the glove instead. "The legacy that [Jackson] left behind is bigger than life for me," Orange said. "I hope that through that glove people can see what he was trying to say in his music and what he said in his music." Orange said he plans to give a portion of the proceeds to charity. Hoffman Ma, who bought the glove on behalf of Ponte 16 Resort in Macau, paid a 25 percent buyer's premium, which was tacked onto all final sales over $50,000. Winners of items less than $50,000 paid a 20 percent premium. Darren Julien, president and CEO of Julien's Auctions, said people were hungry for such tokens of Jackson's life, as evidenced by the 3,500 who registered as bidders for the auction. "Michael was very generous," Julien said. "If you were friends with Michael Jackson or an important part of his life, occasionally he would give something away, and that's a very big reason that these things got out in the public." A signature black synthetic blend jacket from Jackson's 16-month Bad World Tour, his first concert tour as a solo artist, sold for $270,000. Featuring black straps with silver buckles and zippers, the jacket came to symbolize Jackson's "Bad" era. Tori Renza, whose father bought her the Bad jacket when she was just 4 years old, said she grew up singing and dancing to Jackson's songs around her house. "It just became part of our family," said Renza, who planned to use the money from the auction to pay back student loans. Jackson's famed fedora, which he sported at the 1995 MTV Music Awards, sold for $73,800. It was one of three hats Jackson wore during a 10-minute medley before hurling it into the crowd. The hat was auctioned at a charity event that year, and the letter of verification is signed "Lisa Marie Presley Jackson," the daughter of Elvis Presley who was married to Jackson for nearly two years. "To my knowledge, there were not a lot of letters that she signed with her full name," Julien said. Handwritten lyrics of the 1983 smash hit "Beat It," which Jackson scribbled on a piece of white paper, went for $60,000. One of the more bizarre items up for bidding, an upper mold used to fit Jackson with animal fangs for the 1983 video for "Thriller," sold for more than $10,000. The auction also allowed the world to see photographs of Jackson engaged in simple activities, like driving. His 1985 Mercedes-Benz 500 SEL, which he ultimately gave to an aunt as a birthday gift, was auctioned for $104,500. "What's even more significant is that we have photos of Michael driving the car," Julien said. "When have you seen Michael driving a car? He was always chauffeured or driven." There were also a number of autographed photos, as well as signed books, collectibles and artwork. Even

What were among items auctioned Saturday?

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New York (CNN) -- More than 80 Michael Jackson collectibles -- including the late pop star's famous rhinestone-studded glove from a 1983 performance -- were auctioned off Saturday, reaping a total $2 million. Profits from the auction at the Hard Rock Cafe in New York's Times Square crushed pre-sale expectations of only $120,000 in sales. Profits from the auction at the Hard Rock Cafe in New York's Times Square crushed pre-sale expectations of only $120,000 in sales. The highly prized memorabilia, which included items spanning the many stages of Jackson's career, came from more than 30 fans, associates and family members, who contacted Julien's Auctions to sell their gifts and mementos of the singer. Jackson's flashy glove was the big-ticket item of the night, fetching $420,000 from a buyer in Hong Kong, China. One of the more bizarre items up for bidding, an upper mold used to fit Jackson with animal fangs for the 1983 video for "Thriller," sold for more than $10,000. The auction also allowed the world to see photographs of Jackson engaged in simple activities, like driving. His 1985 Mercedes-Benz 500 SEL, which he ultimately gave to an aunt as a birthday gift, was auctioned for $104,500. "What's even more significant is that we have photos of Michael driving the car," Julien said. Winners of items less than $50,000 paid a 20 percent premium. Darren Julien, president and CEO of Julien's Auctions, said people were hungry for such tokens of Jackson's life, as evidenced by the 3,500 who registered as bidders for the auction. "Michael was very generous," Julien said. "If you were friends with Michael Jackson or an important part of his life, occasionally he would give something away, and that's a very big reason that these things got out in the public." Jackson's flashy glove was the big-ticket item of the night, fetching $420,000 from a buyer in Hong Kong, China. Jackson wore the glove at a 1983 performance during "Motown 25," an NBC special where he debuted his revolutionary moonwalk. Fellow Motown star Walter "Clyde" Orange of the Commodores, who also performed in the special 26 years ago, said he asked for Jackson's autograph at the time, but Jackson gave him the glove instead. It was one of three hats Jackson wore during a 10-minute medley before hurling it into the crowd. The hat was auctioned at a charity event that year, and the letter of verification is signed "Lisa Marie Presley Jackson," the daughter of Elvis Presley who was married to Jackson for nearly two years. "To my knowledge, there were not a lot of letters that she signed with her full name," Julien said. "It just became part of our family," said Renza, who planned to use the money from the auction to pay back student loans. Jackson's famed fedora, which he sported at the 1995 MTV Music Awards, sold for $73,800. It was one of three hats Jackson wore during a 10-minute medley before hurling it into the crowd. "I hope that through that glove people can see what he was trying to say in his music and what he said in his music." Orange said he plans to give a portion of the proceeds to charity. Hoffman Ma, who bought the glove on behalf of Ponte 16 Resort in Macau, paid a 25 percent buyer's premium, which was tacked onto all final sales over $50,000. Winners of items less than $50,000 paid a 20 percent premium. "To my knowledge, there were not a lot of letters that she signed with her full name," Julien said. Handwritten lyrics of the 1983 smash hit "Beat It," which Jackson scribbled on a piece of white paper, went for $60,000. One of the more bizarre items up for bidding, an upper mold used to fit Jackson with animal fangs for the 1983 video for "Thriller," sold for more than $10,000. Featuring black straps with silver buckles and zippers, the jacket came to symbolize Jackson's "Bad" era. Tori Renza, whose father bought her the Bad jacket when she was just 4 years old, said she grew up singing and dancing to Jackson's songs around her house. "It just became part of our family," said Renza, who planned to use the money from the auction to pay back student loans. "If you were friends with Michael Jackson or an important part of his life, occasionally he would give something away, and that's a very big reason that these things got out in the public." A signature black synthetic blend jacket from Jackson's 16-month Bad World Tour, his first concert tour as a solo artist, sold for $270,000. Featuring black straps with silver buckles and zippers, the jacket came to symbolize Jackson's "Bad" era. "What's even more significant is that we have photos of Michael driving the car," Julien said. "When have you seen Michael driving a car? He was always chauffeured or driven." There were also a number of autographed photos, as well as signed books, collectibles and artwork. Even Fellow Motown star Walter "Clyde" Orange of the Commodores, who also performed in the special 26 years ago, said he asked for Jackson's autograph at the time, but Jackson gave him the glove instead. "The legacy that [Jackson] left behind is bigger than life for me," Orange said. "I hope that through that glove people can see what he was trying to say in his music and what he said in his music."

New York (CNN) -- More than 80 Michael Jackson collectibles -- including the late pop star's famous rhinestone-studded glove from a 1983 performance -- were auctioned off Saturday, reaping a total $2 million. Profits from the auction at the Hard Rock Cafe in New York's Times Square crushed pre-sale expectations of only $120,000 in sales. The highly prized memorabilia, which included items spanning the many stages of Jackson's career, came from more than 30 fans, associates and family members, who contacted Julien's Auctions to sell their gifts and mementos of the singer. Jackson's flashy glove was the big-ticket item of the night, fetching $420,000 from a buyer in Hong Kong, China. Jackson wore the glove at a 1983 performance during "Motown 25," an NBC special where he debuted his revolutionary moonwalk. Fellow Motown star Walter "Clyde" Orange of the Commodores, who also performed in the special 26 years ago, said he asked for Jackson's autograph at the time, but Jackson gave him the glove instead. "The legacy that [Jackson] left behind is bigger than life for me," Orange said. "I hope that through that glove people can see what he was trying to say in his music and what he said in his music." Orange said he plans to give a portion of the proceeds to charity. Hoffman Ma, who bought the glove on behalf of Ponte 16 Resort in Macau, paid a 25 percent buyer's premium, which was tacked onto all final sales over $50,000. Winners of items less than $50,000 paid a 20 percent premium. Darren Julien, president and CEO of Julien's Auctions, said people were hungry for such tokens of Jackson's life, as evidenced by the 3,500 who registered as bidders for the auction. "Michael was very generous," Julien said. "If you were friends with Michael Jackson or an important part of his life, occasionally he would give something away, and that's a very big reason that these things got out in the public." A signature black synthetic blend jacket from Jackson's 16-month Bad World Tour, his first concert tour as a solo artist, sold for $270,000. Featuring black straps with silver buckles and zippers, the jacket came to symbolize Jackson's "Bad" era. Tori Renza, whose father bought her the Bad jacket when she was just 4 years old, said she grew up singing and dancing to Jackson's songs around her house. "It just became part of our family," said Renza, who planned to use the money from the auction to pay back student loans. Jackson's famed fedora, which he sported at the 1995 MTV Music Awards, sold for $73,800. It was one of three hats Jackson wore during a 10-minute medley before hurling it into the crowd. The hat was auctioned at a charity event that year, and the letter of verification is signed "Lisa Marie Presley Jackson," the daughter of Elvis Presley who was married to Jackson for nearly two years. "To my knowledge, there were not a lot of letters that she signed with her full name," Julien said. Handwritten lyrics of the 1983 smash hit "Beat It," which Jackson scribbled on a piece of white paper, went for $60,000. One of the more bizarre items up for bidding, an upper mold used to fit Jackson with animal fangs for the 1983 video for "Thriller," sold for more than $10,000. The auction also allowed the world to see photographs of Jackson engaged in simple activities, like driving. His 1985 Mercedes-Benz 500 SEL, which he ultimately gave to an aunt as a birthday gift, was auctioned for $104,500. "What's even more significant is that we have photos of Michael driving the car," Julien said. "When have you seen Michael driving a car? He was always chauffeured or driven." There were also a number of autographed photos, as well as signed books, collectibles and artwork. Even

Who signed to verify the items?

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It was one of three hats Jackson wore during a 10-minute medley before hurling it into the crowd. The hat was auctioned at a charity event that year, and the letter of verification is signed "Lisa Marie Presley Jackson," the daughter of Elvis Presley who was married to Jackson for nearly two years. "To my knowledge, there were not a lot of letters that she signed with her full name," Julien said. "To my knowledge, there were not a lot of letters that she signed with her full name," Julien said. Handwritten lyrics of the 1983 smash hit "Beat It," which Jackson scribbled on a piece of white paper, went for $60,000. One of the more bizarre items up for bidding, an upper mold used to fit Jackson with animal fangs for the 1983 video for "Thriller," sold for more than $10,000. Jackson's flashy glove was the big-ticket item of the night, fetching $420,000 from a buyer in Hong Kong, China. Jackson wore the glove at a 1983 performance during "Motown 25," an NBC special where he debuted his revolutionary moonwalk. Fellow Motown star Walter "Clyde" Orange of the Commodores, who also performed in the special 26 years ago, said he asked for Jackson's autograph at the time, but Jackson gave him the glove instead. Winners of items less than $50,000 paid a 20 percent premium. Darren Julien, president and CEO of Julien's Auctions, said people were hungry for such tokens of Jackson's life, as evidenced by the 3,500 who registered as bidders for the auction. "Michael was very generous," Julien said. "If you were friends with Michael Jackson or an important part of his life, occasionally he would give something away, and that's a very big reason that these things got out in the public." "What's even more significant is that we have photos of Michael driving the car," Julien said. "When have you seen Michael driving a car? He was always chauffeured or driven." There were also a number of autographed photos, as well as signed books, collectibles and artwork. Even Profits from the auction at the Hard Rock Cafe in New York's Times Square crushed pre-sale expectations of only $120,000 in sales. The highly prized memorabilia, which included items spanning the many stages of Jackson's career, came from more than 30 fans, associates and family members, who contacted Julien's Auctions to sell their gifts and mementos of the singer. Jackson's flashy glove was the big-ticket item of the night, fetching $420,000 from a buyer in Hong Kong, China. "I hope that through that glove people can see what he was trying to say in his music and what he said in his music." Orange said he plans to give a portion of the proceeds to charity. Hoffman Ma, who bought the glove on behalf of Ponte 16 Resort in Macau, paid a 25 percent buyer's premium, which was tacked onto all final sales over $50,000. Winners of items less than $50,000 paid a 20 percent premium. One of the more bizarre items up for bidding, an upper mold used to fit Jackson with animal fangs for the 1983 video for "Thriller," sold for more than $10,000. The auction also allowed the world to see photographs of Jackson engaged in simple activities, like driving. His 1985 Mercedes-Benz 500 SEL, which he ultimately gave to an aunt as a birthday gift, was auctioned for $104,500. "What's even more significant is that we have photos of Michael driving the car," Julien said. "If you were friends with Michael Jackson or an important part of his life, occasionally he would give something away, and that's a very big reason that these things got out in the public." A signature black synthetic blend jacket from Jackson's 16-month Bad World Tour, his first concert tour as a solo artist, sold for $270,000. Featuring black straps with silver buckles and zippers, the jacket came to symbolize Jackson's "Bad" era. Featuring black straps with silver buckles and zippers, the jacket came to symbolize Jackson's "Bad" era. Tori Renza, whose father bought her the Bad jacket when she was just 4 years old, said she grew up singing and dancing to Jackson's songs around her house. "It just became part of our family," said Renza, who planned to use the money from the auction to pay back student loans. Fellow Motown star Walter "Clyde" Orange of the Commodores, who also performed in the special 26 years ago, said he asked for Jackson's autograph at the time, but Jackson gave him the glove instead. "The legacy that [Jackson] left behind is bigger than life for me," Orange said. "I hope that through that glove people can see what he was trying to say in his music and what he said in his music." "It just became part of our family," said Renza, who planned to use the money from the auction to pay back student loans. Jackson's famed fedora, which he sported at the 1995 MTV Music Awards, sold for $73,800. It was one of three hats Jackson wore during a 10-minute medley before hurling it into the crowd. New York (CNN) -- More than 80 Michael Jackson collectibles -- including the late pop star's famous rhinestone-studded glove from a 1983 performance -- were auctioned off Saturday, reaping a total $2 million. Profits from the auction at the Hard Rock Cafe in New York's Times Square crushed pre-sale expectations of only $120,000 in sales.

New York (CNN) -- More than 80 Michael Jackson collectibles -- including the late pop star's famous rhinestone-studded glove from a 1983 performance -- were auctioned off Saturday, reaping a total $2 million. Profits from the auction at the Hard Rock Cafe in New York's Times Square crushed pre-sale expectations of only $120,000 in sales. The highly prized memorabilia, which included items spanning the many stages of Jackson's career, came from more than 30 fans, associates and family members, who contacted Julien's Auctions to sell their gifts and mementos of the singer. Jackson's flashy glove was the big-ticket item of the night, fetching $420,000 from a buyer in Hong Kong, China. Jackson wore the glove at a 1983 performance during "Motown 25," an NBC special where he debuted his revolutionary moonwalk. Fellow Motown star Walter "Clyde" Orange of the Commodores, who also performed in the special 26 years ago, said he asked for Jackson's autograph at the time, but Jackson gave him the glove instead. "The legacy that [Jackson] left behind is bigger than life for me," Orange said. "I hope that through that glove people can see what he was trying to say in his music and what he said in his music." Orange said he plans to give a portion of the proceeds to charity. Hoffman Ma, who bought the glove on behalf of Ponte 16 Resort in Macau, paid a 25 percent buyer's premium, which was tacked onto all final sales over $50,000. Winners of items less than $50,000 paid a 20 percent premium. Darren Julien, president and CEO of Julien's Auctions, said people were hungry for such tokens of Jackson's life, as evidenced by the 3,500 who registered as bidders for the auction. "Michael was very generous," Julien said. "If you were friends with Michael Jackson or an important part of his life, occasionally he would give something away, and that's a very big reason that these things got out in the public." A signature black synthetic blend jacket from Jackson's 16-month Bad World Tour, his first concert tour as a solo artist, sold for $270,000. Featuring black straps with silver buckles and zippers, the jacket came to symbolize Jackson's "Bad" era. Tori Renza, whose father bought her the Bad jacket when she was just 4 years old, said she grew up singing and dancing to Jackson's songs around her house. "It just became part of our family," said Renza, who planned to use the money from the auction to pay back student loans. Jackson's famed fedora, which he sported at the 1995 MTV Music Awards, sold for $73,800. It was one of three hats Jackson wore during a 10-minute medley before hurling it into the crowd. The hat was auctioned at a charity event that year, and the letter of verification is signed "Lisa Marie Presley Jackson," the daughter of Elvis Presley who was married to Jackson for nearly two years. "To my knowledge, there were not a lot of letters that she signed with her full name," Julien said. Handwritten lyrics of the 1983 smash hit "Beat It," which Jackson scribbled on a piece of white paper, went for $60,000. One of the more bizarre items up for bidding, an upper mold used to fit Jackson with animal fangs for the 1983 video for "Thriller," sold for more than $10,000. The auction also allowed the world to see photographs of Jackson engaged in simple activities, like driving. His 1985 Mercedes-Benz 500 SEL, which he ultimately gave to an aunt as a birthday gift, was auctioned for $104,500. "What's even more significant is that we have photos of Michael driving the car," Julien said. "When have you seen Michael driving a car? He was always chauffeured or driven." There were also a number of autographed photos, as well as signed books, collectibles and artwork. Even

what is the name of jackson's ex wife?

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It was one of three hats Jackson wore during a 10-minute medley before hurling it into the crowd. The hat was auctioned at a charity event that year, and the letter of verification is signed "Lisa Marie Presley Jackson," the daughter of Elvis Presley who was married to Jackson for nearly two years. "To my knowledge, there were not a lot of letters that she signed with her full name," Julien said. "To my knowledge, there were not a lot of letters that she signed with her full name," Julien said. Handwritten lyrics of the 1983 smash hit "Beat It," which Jackson scribbled on a piece of white paper, went for $60,000. One of the more bizarre items up for bidding, an upper mold used to fit Jackson with animal fangs for the 1983 video for "Thriller," sold for more than $10,000. Featuring black straps with silver buckles and zippers, the jacket came to symbolize Jackson's "Bad" era. Tori Renza, whose father bought her the Bad jacket when she was just 4 years old, said she grew up singing and dancing to Jackson's songs around her house. "It just became part of our family," said Renza, who planned to use the money from the auction to pay back student loans. "It just became part of our family," said Renza, who planned to use the money from the auction to pay back student loans. Jackson's famed fedora, which he sported at the 1995 MTV Music Awards, sold for $73,800. It was one of three hats Jackson wore during a 10-minute medley before hurling it into the crowd. Profits from the auction at the Hard Rock Cafe in New York's Times Square crushed pre-sale expectations of only $120,000 in sales. The highly prized memorabilia, which included items spanning the many stages of Jackson's career, came from more than 30 fans, associates and family members, who contacted Julien's Auctions to sell their gifts and mementos of the singer. Jackson's flashy glove was the big-ticket item of the night, fetching $420,000 from a buyer in Hong Kong, China. Fellow Motown star Walter "Clyde" Orange of the Commodores, who also performed in the special 26 years ago, said he asked for Jackson's autograph at the time, but Jackson gave him the glove instead. "The legacy that [Jackson] left behind is bigger than life for me," Orange said. "I hope that through that glove people can see what he was trying to say in his music and what he said in his music." Jackson's flashy glove was the big-ticket item of the night, fetching $420,000 from a buyer in Hong Kong, China. Jackson wore the glove at a 1983 performance during "Motown 25," an NBC special where he debuted his revolutionary moonwalk. Fellow Motown star Walter "Clyde" Orange of the Commodores, who also performed in the special 26 years ago, said he asked for Jackson's autograph at the time, but Jackson gave him the glove instead. One of the more bizarre items up for bidding, an upper mold used to fit Jackson with animal fangs for the 1983 video for "Thriller," sold for more than $10,000. The auction also allowed the world to see photographs of Jackson engaged in simple activities, like driving. His 1985 Mercedes-Benz 500 SEL, which he ultimately gave to an aunt as a birthday gift, was auctioned for $104,500. "What's even more significant is that we have photos of Michael driving the car," Julien said. "If you were friends with Michael Jackson or an important part of his life, occasionally he would give something away, and that's a very big reason that these things got out in the public." A signature black synthetic blend jacket from Jackson's 16-month Bad World Tour, his first concert tour as a solo artist, sold for $270,000. Featuring black straps with silver buckles and zippers, the jacket came to symbolize Jackson's "Bad" era. Winners of items less than $50,000 paid a 20 percent premium. Darren Julien, president and CEO of Julien's Auctions, said people were hungry for such tokens of Jackson's life, as evidenced by the 3,500 who registered as bidders for the auction. "Michael was very generous," Julien said. "If you were friends with Michael Jackson or an important part of his life, occasionally he would give something away, and that's a very big reason that these things got out in the public." New York (CNN) -- More than 80 Michael Jackson collectibles -- including the late pop star's famous rhinestone-studded glove from a 1983 performance -- were auctioned off Saturday, reaping a total $2 million. Profits from the auction at the Hard Rock Cafe in New York's Times Square crushed pre-sale expectations of only $120,000 in sales. "I hope that through that glove people can see what he was trying to say in his music and what he said in his music." Orange said he plans to give a portion of the proceeds to charity. Hoffman Ma, who bought the glove on behalf of Ponte 16 Resort in Macau, paid a 25 percent buyer's premium, which was tacked onto all final sales over $50,000. Winners of items less than $50,000 paid a 20 percent premium. "What's even more significant is that we have photos of Michael driving the car," Julien said. "When have you seen Michael driving a car? He was always chauffeured or driven." There were also a number of autographed photos, as well as signed books, collectibles and artwork. Even

New York (CNN) -- More than 80 Michael Jackson collectibles -- including the late pop star's famous rhinestone-studded glove from a 1983 performance -- were auctioned off Saturday, reaping a total $2 million. Profits from the auction at the Hard Rock Cafe in New York's Times Square crushed pre-sale expectations of only $120,000 in sales. The highly prized memorabilia, which included items spanning the many stages of Jackson's career, came from more than 30 fans, associates and family members, who contacted Julien's Auctions to sell their gifts and mementos of the singer. Jackson's flashy glove was the big-ticket item of the night, fetching $420,000 from a buyer in Hong Kong, China. Jackson wore the glove at a 1983 performance during "Motown 25," an NBC special where he debuted his revolutionary moonwalk. Fellow Motown star Walter "Clyde" Orange of the Commodores, who also performed in the special 26 years ago, said he asked for Jackson's autograph at the time, but Jackson gave him the glove instead. "The legacy that [Jackson] left behind is bigger than life for me," Orange said. "I hope that through that glove people can see what he was trying to say in his music and what he said in his music." Orange said he plans to give a portion of the proceeds to charity. Hoffman Ma, who bought the glove on behalf of Ponte 16 Resort in Macau, paid a 25 percent buyer's premium, which was tacked onto all final sales over $50,000. Winners of items less than $50,000 paid a 20 percent premium. Darren Julien, president and CEO of Julien's Auctions, said people were hungry for such tokens of Jackson's life, as evidenced by the 3,500 who registered as bidders for the auction. "Michael was very generous," Julien said. "If you were friends with Michael Jackson or an important part of his life, occasionally he would give something away, and that's a very big reason that these things got out in the public." A signature black synthetic blend jacket from Jackson's 16-month Bad World Tour, his first concert tour as a solo artist, sold for $270,000. Featuring black straps with silver buckles and zippers, the jacket came to symbolize Jackson's "Bad" era. Tori Renza, whose father bought her the Bad jacket when she was just 4 years old, said she grew up singing and dancing to Jackson's songs around her house. "It just became part of our family," said Renza, who planned to use the money from the auction to pay back student loans. Jackson's famed fedora, which he sported at the 1995 MTV Music Awards, sold for $73,800. It was one of three hats Jackson wore during a 10-minute medley before hurling it into the crowd. The hat was auctioned at a charity event that year, and the letter of verification is signed "Lisa Marie Presley Jackson," the daughter of Elvis Presley who was married to Jackson for nearly two years. "To my knowledge, there were not a lot of letters that she signed with her full name," Julien said. Handwritten lyrics of the 1983 smash hit "Beat It," which Jackson scribbled on a piece of white paper, went for $60,000. One of the more bizarre items up for bidding, an upper mold used to fit Jackson with animal fangs for the 1983 video for "Thriller," sold for more than $10,000. The auction also allowed the world to see photographs of Jackson engaged in simple activities, like driving. His 1985 Mercedes-Benz 500 SEL, which he ultimately gave to an aunt as a birthday gift, was auctioned for $104,500. "What's even more significant is that we have photos of Michael driving the car," Julien said. "When have you seen Michael driving a car? He was always chauffeured or driven." There were also a number of autographed photos, as well as signed books, collectibles and artwork. Even

What fetched $420,000?

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Jackson's flashy glove was the big-ticket item of the night, fetching $420,000 from a buyer in Hong Kong, China. Jackson wore the glove at a 1983 performance during "Motown 25," an NBC special where he debuted his revolutionary moonwalk. Fellow Motown star Walter "Clyde" Orange of the Commodores, who also performed in the special 26 years ago, said he asked for Jackson's autograph at the time, but Jackson gave him the glove instead. Profits from the auction at the Hard Rock Cafe in New York's Times Square crushed pre-sale expectations of only $120,000 in sales. The highly prized memorabilia, which included items spanning the many stages of Jackson's career, came from more than 30 fans, associates and family members, who contacted Julien's Auctions to sell their gifts and mementos of the singer. Jackson's flashy glove was the big-ticket item of the night, fetching $420,000 from a buyer in Hong Kong, China. One of the more bizarre items up for bidding, an upper mold used to fit Jackson with animal fangs for the 1983 video for "Thriller," sold for more than $10,000. The auction also allowed the world to see photographs of Jackson engaged in simple activities, like driving. His 1985 Mercedes-Benz 500 SEL, which he ultimately gave to an aunt as a birthday gift, was auctioned for $104,500. "What's even more significant is that we have photos of Michael driving the car," Julien said. New York (CNN) -- More than 80 Michael Jackson collectibles -- including the late pop star's famous rhinestone-studded glove from a 1983 performance -- were auctioned off Saturday, reaping a total $2 million. Profits from the auction at the Hard Rock Cafe in New York's Times Square crushed pre-sale expectations of only $120,000 in sales. "It just became part of our family," said Renza, who planned to use the money from the auction to pay back student loans. Jackson's famed fedora, which he sported at the 1995 MTV Music Awards, sold for $73,800. It was one of three hats Jackson wore during a 10-minute medley before hurling it into the crowd. "To my knowledge, there were not a lot of letters that she signed with her full name," Julien said. Handwritten lyrics of the 1983 smash hit "Beat It," which Jackson scribbled on a piece of white paper, went for $60,000. One of the more bizarre items up for bidding, an upper mold used to fit Jackson with animal fangs for the 1983 video for "Thriller," sold for more than $10,000. Winners of items less than $50,000 paid a 20 percent premium. Darren Julien, president and CEO of Julien's Auctions, said people were hungry for such tokens of Jackson's life, as evidenced by the 3,500 who registered as bidders for the auction. "Michael was very generous," Julien said. "If you were friends with Michael Jackson or an important part of his life, occasionally he would give something away, and that's a very big reason that these things got out in the public." "If you were friends with Michael Jackson or an important part of his life, occasionally he would give something away, and that's a very big reason that these things got out in the public." A signature black synthetic blend jacket from Jackson's 16-month Bad World Tour, his first concert tour as a solo artist, sold for $270,000. Featuring black straps with silver buckles and zippers, the jacket came to symbolize Jackson's "Bad" era. "I hope that through that glove people can see what he was trying to say in his music and what he said in his music." Orange said he plans to give a portion of the proceeds to charity. Hoffman Ma, who bought the glove on behalf of Ponte 16 Resort in Macau, paid a 25 percent buyer's premium, which was tacked onto all final sales over $50,000. Winners of items less than $50,000 paid a 20 percent premium. Featuring black straps with silver buckles and zippers, the jacket came to symbolize Jackson's "Bad" era. Tori Renza, whose father bought her the Bad jacket when she was just 4 years old, said she grew up singing and dancing to Jackson's songs around her house. "It just became part of our family," said Renza, who planned to use the money from the auction to pay back student loans. Fellow Motown star Walter "Clyde" Orange of the Commodores, who also performed in the special 26 years ago, said he asked for Jackson's autograph at the time, but Jackson gave him the glove instead. "The legacy that [Jackson] left behind is bigger than life for me," Orange said. "I hope that through that glove people can see what he was trying to say in his music and what he said in his music." It was one of three hats Jackson wore during a 10-minute medley before hurling it into the crowd. The hat was auctioned at a charity event that year, and the letter of verification is signed "Lisa Marie Presley Jackson," the daughter of Elvis Presley who was married to Jackson for nearly two years. "To my knowledge, there were not a lot of letters that she signed with her full name," Julien said. "What's even more significant is that we have photos of Michael driving the car," Julien said. "When have you seen Michael driving a car? He was always chauffeured or driven." There were also a number of autographed photos, as well as signed books, collectibles and artwork. Even

New York (CNN) -- More than 80 Michael Jackson collectibles -- including the late pop star's famous rhinestone-studded glove from a 1983 performance -- were auctioned off Saturday, reaping a total $2 million. Profits from the auction at the Hard Rock Cafe in New York's Times Square crushed pre-sale expectations of only $120,000 in sales. The highly prized memorabilia, which included items spanning the many stages of Jackson's career, came from more than 30 fans, associates and family members, who contacted Julien's Auctions to sell their gifts and mementos of the singer. Jackson's flashy glove was the big-ticket item of the night, fetching $420,000 from a buyer in Hong Kong, China. Jackson wore the glove at a 1983 performance during "Motown 25," an NBC special where he debuted his revolutionary moonwalk. Fellow Motown star Walter "Clyde" Orange of the Commodores, who also performed in the special 26 years ago, said he asked for Jackson's autograph at the time, but Jackson gave him the glove instead. "The legacy that [Jackson] left behind is bigger than life for me," Orange said. "I hope that through that glove people can see what he was trying to say in his music and what he said in his music." Orange said he plans to give a portion of the proceeds to charity. Hoffman Ma, who bought the glove on behalf of Ponte 16 Resort in Macau, paid a 25 percent buyer's premium, which was tacked onto all final sales over $50,000. Winners of items less than $50,000 paid a 20 percent premium. Darren Julien, president and CEO of Julien's Auctions, said people were hungry for such tokens of Jackson's life, as evidenced by the 3,500 who registered as bidders for the auction. "Michael was very generous," Julien said. "If you were friends with Michael Jackson or an important part of his life, occasionally he would give something away, and that's a very big reason that these things got out in the public." A signature black synthetic blend jacket from Jackson's 16-month Bad World Tour, his first concert tour as a solo artist, sold for $270,000. Featuring black straps with silver buckles and zippers, the jacket came to symbolize Jackson's "Bad" era. Tori Renza, whose father bought her the Bad jacket when she was just 4 years old, said she grew up singing and dancing to Jackson's songs around her house. "It just became part of our family," said Renza, who planned to use the money from the auction to pay back student loans. Jackson's famed fedora, which he sported at the 1995 MTV Music Awards, sold for $73,800. It was one of three hats Jackson wore during a 10-minute medley before hurling it into the crowd. The hat was auctioned at a charity event that year, and the letter of verification is signed "Lisa Marie Presley Jackson," the daughter of Elvis Presley who was married to Jackson for nearly two years. "To my knowledge, there were not a lot of letters that she signed with her full name," Julien said. Handwritten lyrics of the 1983 smash hit "Beat It," which Jackson scribbled on a piece of white paper, went for $60,000. One of the more bizarre items up for bidding, an upper mold used to fit Jackson with animal fangs for the 1983 video for "Thriller," sold for more than $10,000. The auction also allowed the world to see photographs of Jackson engaged in simple activities, like driving. His 1985 Mercedes-Benz 500 SEL, which he ultimately gave to an aunt as a birthday gift, was auctioned for $104,500. "What's even more significant is that we have photos of Michael driving the car," Julien said. "When have you seen Michael driving a car? He was always chauffeured or driven." There were also a number of autographed photos, as well as signed books, collectibles and artwork. Even

how much money glove fetched?

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Jackson's flashy glove was the big-ticket item of the night, fetching $420,000 from a buyer in Hong Kong, China. Jackson wore the glove at a 1983 performance during "Motown 25," an NBC special where he debuted his revolutionary moonwalk. Fellow Motown star Walter "Clyde" Orange of the Commodores, who also performed in the special 26 years ago, said he asked for Jackson's autograph at the time, but Jackson gave him the glove instead. "I hope that through that glove people can see what he was trying to say in his music and what he said in his music." Orange said he plans to give a portion of the proceeds to charity. Hoffman Ma, who bought the glove on behalf of Ponte 16 Resort in Macau, paid a 25 percent buyer's premium, which was tacked onto all final sales over $50,000. Winners of items less than $50,000 paid a 20 percent premium. Profits from the auction at the Hard Rock Cafe in New York's Times Square crushed pre-sale expectations of only $120,000 in sales. The highly prized memorabilia, which included items spanning the many stages of Jackson's career, came from more than 30 fans, associates and family members, who contacted Julien's Auctions to sell their gifts and mementos of the singer. Jackson's flashy glove was the big-ticket item of the night, fetching $420,000 from a buyer in Hong Kong, China. New York (CNN) -- More than 80 Michael Jackson collectibles -- including the late pop star's famous rhinestone-studded glove from a 1983 performance -- were auctioned off Saturday, reaping a total $2 million. Profits from the auction at the Hard Rock Cafe in New York's Times Square crushed pre-sale expectations of only $120,000 in sales. "It just became part of our family," said Renza, who planned to use the money from the auction to pay back student loans. Jackson's famed fedora, which he sported at the 1995 MTV Music Awards, sold for $73,800. It was one of three hats Jackson wore during a 10-minute medley before hurling it into the crowd. One of the more bizarre items up for bidding, an upper mold used to fit Jackson with animal fangs for the 1983 video for "Thriller," sold for more than $10,000. The auction also allowed the world to see photographs of Jackson engaged in simple activities, like driving. His 1985 Mercedes-Benz 500 SEL, which he ultimately gave to an aunt as a birthday gift, was auctioned for $104,500. "What's even more significant is that we have photos of Michael driving the car," Julien said. "If you were friends with Michael Jackson or an important part of his life, occasionally he would give something away, and that's a very big reason that these things got out in the public." A signature black synthetic blend jacket from Jackson's 16-month Bad World Tour, his first concert tour as a solo artist, sold for $270,000. Featuring black straps with silver buckles and zippers, the jacket came to symbolize Jackson's "Bad" era. "To my knowledge, there were not a lot of letters that she signed with her full name," Julien said. Handwritten lyrics of the 1983 smash hit "Beat It," which Jackson scribbled on a piece of white paper, went for $60,000. One of the more bizarre items up for bidding, an upper mold used to fit Jackson with animal fangs for the 1983 video for "Thriller," sold for more than $10,000. Winners of items less than $50,000 paid a 20 percent premium. Darren Julien, president and CEO of Julien's Auctions, said people were hungry for such tokens of Jackson's life, as evidenced by the 3,500 who registered as bidders for the auction. "Michael was very generous," Julien said. "If you were friends with Michael Jackson or an important part of his life, occasionally he would give something away, and that's a very big reason that these things got out in the public." Fellow Motown star Walter "Clyde" Orange of the Commodores, who also performed in the special 26 years ago, said he asked for Jackson's autograph at the time, but Jackson gave him the glove instead. "The legacy that [Jackson] left behind is bigger than life for me," Orange said. "I hope that through that glove people can see what he was trying to say in his music and what he said in his music." Featuring black straps with silver buckles and zippers, the jacket came to symbolize Jackson's "Bad" era. Tori Renza, whose father bought her the Bad jacket when she was just 4 years old, said she grew up singing and dancing to Jackson's songs around her house. "It just became part of our family," said Renza, who planned to use the money from the auction to pay back student loans. It was one of three hats Jackson wore during a 10-minute medley before hurling it into the crowd. The hat was auctioned at a charity event that year, and the letter of verification is signed "Lisa Marie Presley Jackson," the daughter of Elvis Presley who was married to Jackson for nearly two years. "To my knowledge, there were not a lot of letters that she signed with her full name," Julien said. "What's even more significant is that we have photos of Michael driving the car," Julien said. "When have you seen Michael driving a car? He was always chauffeured or driven." There were also a number of autographed photos, as well as signed books, collectibles and artwork. Even