Word: fact
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...thrill of Bernie Madoff's weird and exotic life. He was remarkably clever and had great skill in robbing otherwise intelligent people blind. A careful analysis of Madoff's actions has not uncovered much that was not clear in the first few weeks of the investigation other than the fact that the people who gave him money were not intelligent at all. Madoff was such an improbable monster that the public followed the story with untiring fascination week-after-week. Once Madoff went to prison, the magic wore off. The stress tests became a perfect replacement...
...conspicuous fact with our [Case-Shiller] data is that prices are still falling, although at a somewhat lower rate. There is also some sign of pick-up in pending-home sales. But to me the dominant fact is that prices are still falling. We've never seen a real estate market turn on a dime. For the longer horizon, though, it's possible that we are picking up. The other thing that is striking is that home prices have come down a lot, so they're no longer very overpriced...
...savings in real estate in one city, in one house. That's very risky. I have one proposal for continuous workout mortgages. Right now we think it's a great thing if banks will give struggling homeowners a workout. Why do we only want to come in after the fact? My vision for our future is that it should be planned for and priced into the initial mortgage. We could update mortgages in a way they protect people from things beyond their control- like high national unemployment...
...British Liberal MEP Diana Wallis tried to make this point in the Parliament debate on Tuesday, but her pleas were ignored. "Seals are very beautiful marine animals - in fact, I have realized during this process that they have great PR," she said. "But to some they are the rats of the sea." That may be true, but it's hardly a vote-winning slogan...
...quite. In fact, Canada is paying a significant premium over the U.S. to save Chrysler jobs at home, with no guarantees that the billions it is laying at the automaker's door will ever be repaid or do anything to help maintain the country's 20% production share of the North American auto industry...