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Then there's the elephant in the room: jobs. The U.S.'s unemployment rate, which stood at 9.7% in February, is expected to hit at least 10.3% before peaking later this year, according to Gus Faucher, director of macroeconomics at Moody's Economy.com. Says Brinkmann: "The fundamental driver in demand...
Also, up to $14 billion of TARP funds will be used to provide subsidies to lenders and loan servicers who agree to write down at least 10% of a first mortgage; the combined value of first and second mortgages can be no greater than 115% of the current value of...
Curran also worries about how this round of loan-principal reductions will play out among investors who buy mortgage securities and whether they may be reluctant to buy new mortgage loans if there's a chance the principal will wind up being reduced down the line. "The returns would have...
There are two species of gorilla in the Greater Congo Basin: the western and eastern gorilla. Each species has two subspecies. Nellemann says the most threatened of those is the eastern lowland gorilla, which lives mostly in eastern Congo's North and South Kivu regions. Those areas have seen some...
The report does point to one hopeful recovery: that of the iconic mountain gorilla in eastern Congo's Virunga National Park. Mountain-gorilla numbers rose from about 250 in the 1950s to some 380, thanks mostly to stepped-up ranger patrols that target poachers and loggers who cut down wood...