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Still, it's important to put Obama's decision in broader perspective. Any new drilling may not happen for years and is likely to face lengthy legal challenges from environmentalists - as is already the case in Alaska. (Drilling might happen faster off the coast of Virginia, where Republican Governor Bob McDonnell supports oil and gas exploration.) Leases in the vast Beaufort and Chukchi seas, north of Alaska, which had been up for sale under the Bush Administration, will be withdrawn for now while the Interior Department takes another look at the environmental risks of drilling in the delicate Arctic...
...pretty good indication that the firms are investing in their people and in their future," says 7city's Bob Wieczorek, who works with investment firms...
...Singin' in the Rain, which got a critical drubbing that humiliated her. ("A catastrophe," she called it later.) Even after the success of Movin' Out, she had another misfire with The Times They Are A-Changin', in which she used a circus motif to illustrate the music of Bob Dylan--a conceit that no one much liked...
...Right now, the one thing that really stands out to the advantage of the industry is affordability, and if interest rates were to move up sharply from here, that would meaningfully cut into affordability," says Bob Curran, a managing director at Fitch Ratings...
Initial reactions to the plan are mixed. Bob Curran, managing director of Fitch Ratings, calls it a step in the right direction. He says principal reductions will likely be more effective in modifying loans than past efforts that involved only interest-rate cuts and extensions of loan terms. "The loan-modification effort has not been very successful to this point in time," he says. However, he believes that only a small fraction of troubled homeowners will qualify for the program. "It will probably help some additional portion of the public, but I'm not sure it's enough to make...