Word: interests
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What's changed? The economy. Subprime loans were written to the weakest borrowers, so they stumbled first, especially since many were set-up with an interest-rate spike after two or three years. In January, nearly 40% of all subprime loans were either behind on payments or in foreclosure. Now, though, with companies cutting back work hours and unemployment hitting 7.6%, borrowers of all stripes are running into trouble. "Originally, the loan product was driving a lot of the delinquencies," says Steve Berg, managing director of loan-tracker LPS Applied Analytics. "Now you have widespread house-price deterioration and people...
...organic mixed media image. The inspiration for the students’ work was often rooted in their everyday experiences as residents of the Cambridge and Boston areas. Emily C. Milam ’10 was on a bike ride down Cambridge Street when she took a snapshot of an interesting intersection in space between a railroad crossing and a flock of birds flying in a perpendicular trajectory. Snoweria Y.K. Zhang ’12, whose digital photography piece captured a little girl’s bored yet pensive expression on a Boston subway, describes the simple story behind her work...
...Fairness Doctrine, which mandated that broadcast networks devote time to contrasting views on issues of public importance, was meant to level the playing field. Congress backed the policy in 1954, and by the 1970s the FCC called the doctrine the "single most important requirement of operation in the public interest - the sine qua non for grant of a renewal of license." (See 25 people to blame for the financial crisis...
...attempt to reinstate the doctrine didn't make it out of committee. Now, with Democrats in control of Congress and the White House and with conservative talk radio hosts - long a thorn in liberal sides - taking to the airwaves to blast President Obama's stimulus package, interest in the Fairness Doctrine is peaking once again...
...investment would be mutually beneficial. "We seek cooperation in the economic field, energy, rebuilding, and to help the police, security and Iraqi military forces, as well as restoring the international position of Iraq," Sarkozy promised. "We want to encourage all European countries to come. It is in Europe's interest to extend a hand here and to support the peace...