Word: rescuees
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Wall Street's number crunchers are happy. Stock technicians, who use mathematical formulas as well as charts and historical data to figure out where share prices are headed, believe the market's rally that started in early March, and has pushed stocks up 36% in less than two months, is...
Bear in mind that when you use onetime income to meet recurring expenses, you're likely headed for trouble down the road. And if you're splurging out of frustration or some misguided notion that you will help rescue the economy, think again. Spending to feel better is a temporary...
Ironically, Vietnam's practice of reproducing noteworthy works was originally carried out to rescue the country's artistic heritage during wartime. "The Americans said they were going to bomb Vietnam back to the Stone Age, to wipe out Vietnamese culture," says Nguyen Do Bao, chairman of the Hanoi Fine Arts...
Rotten economy? Not if you're in the business of radically overhauling American government. Between the Obama Administration and Congress, the assembly line for Big Ideas is running triple shifts, cranking out stimulus plans, bank-rescue plans, foreclosure-prevention plans, health-care-reform plans, alternative-energy plans, auto-industry-reorganization...
Now when a participating servicer changes the terms of a first mortgage, it will also have to reduce the interest rate on the second lien - to either 1% or 2%. The government will pay for half of the loss incurred by the loan owners, from the $50 billion bucket of...