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Delinquencies are also getting much worse among holders of option adjustable-rate mortgages (option ARMs). These loans, typically made to borrowers with prime or near-prime credit scores, let soon-to-be homeowners pick from a menu of monthly payments - often including an option that didn't even keep up with the interest due. As home prices have fallen, the number of option ARM borrowers running into trouble has surged, with 15.25% of loans delinquent and another 7.46% in foreclosure. Some analysts think the problem in option ARMs could eventually rival the size of the subprime meltdown. (See pictures...
...someone playing the dulcimer on the Boston Commons while I was in school. It was really the instrument that I fell in love with.”In 1985, the Cambridge resident began his own street performing career playing the same instrument in the same location and soon became a regular among the street performers at Faneuil Hall. He then branched out internationally, playing in Tokyo in 1986 for audiences as prestigious as a Japanese princess. “Your job is to get an audience. Not like on a stage when you pretty much know people are coming...
...whole range of vocal contortions. Morrissey’s pseudo-intellectual musings are also somehow unbecoming of so mature an individual. “It’s Not Your Birthday Anymore,” a slow ballad that recounts the harsh words of a jaded man to his soon-to-be-discarded lover (“It’s not your birthday anymore / There’s no need to be kind to you”), comes off as juvenile and pitiless. “One Day Goodbye Will Be Farewell” makes use of end-rhymes...
...Westerners are not the only ones eyeing Iraq. Last March, President Mahmoud Ahmadinejad became the first Iranian leader to visit Baghdad. Russian Prime Minister Vladimir Putin is also expected to travel to Iraq soon, to renew once strong economic and commercial ties between the two countries...
Next week, Clinton's Middle East envoy, George Mitchell, is expected to travel to the region. With a government still unformed by soon-to-be Prime Minister Netanyahu, Mitchell is not going to have a lot of business to transact in Jerusalem. But he is already signaling a shift in the U.S. approach to the divided Palestinian leadership. In a 45-minute telephone conversation with U.S. Jewish leaders Thursday, Mitchell reportedly expressed support for a unity government involving both the impotent Palestinian Authority and Hamas. Though the U.S. will adhere to the four conditions for talking to Hamas that Clinton...