Word: interests
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...Colonial made a lot of loans in the past few years to residential builders, particularly in Florida, many of which have now gone bad. As of the end of September, Colonial had $678 million in so-called nonperforming loans, which means the borrower is no longer paying interest. Fitch Ratings recently downgraded the bank to a credit rating of BBB-, which puts Colonial's debt just above junk. "From an overall capital perspective, they are all right, but Colonial is exposed to residential construction in problematic markets," says Fitch analyst Ken Ritz. "The risk profile of the company's loans...
...Spicy Bloody Mary (Never Say Never Again): As ordered by Bond's romantic interest: Double Bloody Mary with plenty of Worcestershire sauce. 1.5-ounces of vodka, three ounces of tomato juice, one dash of lemon juice, a half teaspoon of Worcestershire sauce, two to three drops of Tabasco sauce, and one lime wedge...
...Moore stepped easily into the lethal tuxedos of 007 (Read Richard Corliss' review of the new Bond film, Quantum of Solace). There are no bombshells in My Word Is My Bond, or if there are Q must have cleverly disguised them as fart jokes. But there is plenty to interest people who avidly consume, as I do, the trivia pages of the Internet Movie Database. It may interest you to know, for example, that during the filming of Live and Let Die, Moore's first outing as Bond, he had a kidney stone episode for which he took a painkiller...
...details of how, exactly, monthly payments will be lowered has raised concern in certain quarters. In a news conference explaining the program, James Lockhart, who runs the agency that oversees Fannie and Freddie, highlighted three tacks: reducing interest rates, extending the length of loans and, in some cases, deferring payment on part of the principal. There is a big difference, though, between permanently reducing an interest rate and doing it temporarily. And the new program doesn't forgive principal, only defers it, which may not go very far at a time when some 18% of mortgage holders owe more...
...Minister who was overthrown in a bloodless coup two years ago, is having a harder time finding a new place to call home. Earlier this month, Thaksin had his British visa revoked, shortly after a Thai court sentenced him in absentia to two years' imprisonment for a conflict of interest conviction. The Thai telecoms tycoon had spent a good deal of time in England after his ouster, making headlines by buying the Manchester City soccer team before selling it to a Middle Eastern investor group earlier this year. Thaksin was in China when his ban from Britain was publicly announced...