Word: problems
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Dates: during 2000-2009
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...problem the Administration is out to tackle is related to the structure of the Home Affordable Modification Program (HAMP). The first three months of a mortgage rewrite are something of a probation period- and very few homeowners are making it out of that trial. More than 650,000 borrowers have been placed in trial modifications, but as of September, fewer than 2,000 had become permanent. (See pictures of the faces behind the foreclosures...
...major difficulty now is the weak economy and rising joblessness. Under the U.S. government's plan, a modified loan payment must not account for more than 31% of a family's income. With unemployment north of 10%, in a growing number of cases, the mortgage isn't the problem - the lack of a paycheck is. "It increasingly appears that HAMP is targeted at the housing crisis as it existed six months ago, rather than as it exists right now," concluded the Congressional Oversight Panel, a group charged with evaluating the program, in an October report...
Toyota's announcement last week that it will recall more than 3.8 million vehicles is unlikely to end the controversy over the car's sudden-acceleration problems. Following complaints about the problem - and a deadly accident in California last summer - the company acknowledged that floor mats, if not secured properly, could get stuck under the accelerator pedal, leaving a vehicle's throttle stuck open. Hence the recall, to replace the accelerator pedals and floor mats...
...doesn't want to see a return to chaos on its eastern flank, which would probably lead to a massive refugee influx. As a Shi'ite state, it would see the return to power of militant Sunni hard-liners as a setback. And Iran, which faces a drug-addiction problem of alarming proportions, shares the U.S. desire to curtail Afghanistan's opium trade. If anything, "Tehran stands to lose much more than Washington if Afghanistan reverts back to an al-Qaeda-infested, Taliban-controlled narco state," says Karim Sadjadpour, an Iran expert at the Carnegie Endowment for International Peace...
...take back one of its own - even if it is legend. Mulan is the Middle Kingdom's gender-bending heroine, its Joan of Arc. The character from folktale is a daughter who disguises herself as a male soldier to take her father's place in the conscription army. The problem for the Chinese is that, since 1998, the definitive version of the story has been Disney...