Word: interests
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...mortgage default rates, especially among subprime mortgage holders, began to climb at an unprecedented rate. Many home loans had been given to people without even a credit check or income verification. The mortgages often carried very low interest rates in their first three years which reset to much higher numbers after that period. Homeowners found their monthly mortgage payments spiking up and, in many cases, they could no longer afford to make these payments as employment fell across the economy...
...other words, if a company bought oil on the February 2009 contract, stored it for a year and sold it on the February 2010 contract, it would make more than $22 per barrel, excluding the costs of the operation. This represents a greater than 60% gross return! Since interest, storage and delivery costs should amount to significantly less than the $22 spread, the venture would yield a virtually riskless profit, or arbitrage. When the February contract ended trading in late January, an enormous opportunity still existed for arbitrageurs...
...Mass. Governor Deval L. Patrick ’78 calls for raising the cap on charter school spending to 12 percent from nine percent—a move that could allow for the creation of a fourth charter school in Cambridge. The proposal was met with criticism from interest groups and educators on both sides of the charter school debate. Although the governor’s proposal would allow more students who want to attend charter schools to do so, the additional funding comes with the stipulation that 80 percent of the new schools’ enrollment should come from...
...fact that [Simpkins] said that he worked at the district attorney’s office,” Wark said. Simpkins was brought to court for his arraignment Jan. 26. Due to the fact that Simpkins’ former position as an intern might present a conflict of interest for any Suffolk County prosecutor, the judge has delayed the arraignment until Feb. 26, according to Wark. The order is intended to allow for the appointment of a prosecutor not affiliated with the Suffolk County District Attorney’s Office. According to Massachusetts general law, each of Simpkins?...
...ancient people who number in just the tens of thousands. The trial will judge one of their most sacred rites: bride prices. Adding to their concern is the way global media have jumped on the story, with the Internet headline "Man Sells Daughter for Beer" sparking a sudden interest in Triqui customs from Italy to Australia...