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...pursue foreclosure against borrowers like Flores. Lenders represented in the courtroom include JPMorgan Chase Bank, Bank of America, Deutsche Bank Trust, Wells Fargo Bank, US Bank and GMAC Mortgage. When a Chapter 13 bankruptcy is ordered and confirmed, lenders must cease any foreclosure proceedings and the delinquent homeowner must begin making regular mortgage payments. But if the debtor cannot keep up the payments, "sooner or later the court drops the bomb," says attorney James Beshears...
...been pretty disappointed about the level of support the Obama administration and Senator Kerry have given to AIDS and issues of the global poor,” said Matthew F. Basilico ’08, who currently works in Paul Farmer’s office and will begin Harvard Medical School in the fall. “We think there’s a lot Senator Kerry can do as the chair of the Foreign Relations Committee to improve resources abroad and how they’re handled...
...Weapons (NPT) will convene in New York for the treaty-review conference held every five years. Major nuclear powers such as the U.S. and Russia hope to strengthen the floundering treaty, which seeks to prevent new countries from acquiring nuclear weapons by getting those who already have them to begin disarming. (Watch TIME's video "Ahmadinejad Says Obama Should Back...
...While expectations are low for any sudden jump in the value of the renminbi, the recent détente could make it easier for China to begin gradual changes. China's leadership was never likely to make any move on currency in the face of overt pressure from Washington, for fear of appearing weak in the eyes of its people. "Our view is that China was going to move around the middle of the year," says Green. "The China timetable was six months behind the U.S. on this, which creates tension. The tension makes a move harder. What we need...
...seems clear to me, from what I know about both the media and Catholicism, that Benedict's experience in Munich actually affords the Pope a singular opportunity to truly begin the healing and renewal on this epochal crisis. But it requires that the Pope himself turn to that gesture that stands at the heart of Catholicism: penance...