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...modifications are the quintessential example. Perhaps one more relevant bit here is the law that was passed earlier this year requiring banks that repossess houses to honor the terms of existing leases (i.e., to not immediately kick out any existing renters). Fannie Mae already had such a policy in place. Over the summer, an Assistant Secretary of the Treasury Department told a Senate panel that the Administration was considering rent-backs, but the idea hasn't gained traction since then...
...that degree of spending good for the economy, especially in a recession? Well, yes and no. Let me talk about that in a couple of different ways. First of all, the economy consists of buyers and sellers. You think about why we spend in the first place. We spend in order to produce satisfaction for buyers. We don't spend in order to help sellers. It's fine if we do help sellers, but we're trying to produce satisfaction. If the spending we engage in doesn't produce any satisfaction, then it's hardly a measure of well-being...
Though competitor Daniel A. Masterson ’12 took the first place prize of $100, White Noise is keen on just performing and having a good time. “I don’t know about being professional, but all of us are gonna keep playing—that’s for sure,” Tommy said...
...were arrested by the Spanish frigate Canarias on Oct. 3, a condition of the hostages' release. It's not the first time Somali pirates have been extradited to stand trial far from home: France, the Netherlands and the U.S. have all done the same. None of those extraditions took place, however, while the pirates still held hostages. For the Spanish government, now caught between risking the lives of its citizens and caving to pirate pressure, the situation seems to have no easy resolution. (See pictures of modern-day pirates...
Given the stakes, many - including the newspaper El País, which is running a reader poll on the question - are asking why Spain got itself in this position in the first place. "Less than 50% of the pirates caught at sea are actually taken away," says Stephen Askins, a maritime lawyer at Ince and Co., a London-based firm that specializes in international trade. "There's a 'capture and release' policy in a lot of these cases. So it's not clear why, given the circumstances, that the Spanish would have chosen to complicate the situation by extraditing these...