Word: spreading
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...refinance them, as proposed by Senator John McCain, seem impractical at best. "You can't get whole loans out of trusts," says Joshua Rosner, an analyst at Graham-Fisher. "To do so, you would need the approval of all the bond holders, which can be thousands of investors spread around the world." Worse, Rosner says, for most mortgage trusts, the government has no data or records that would identify those investors...
...from 78% to just 31%. Once esteemed as a beacon of liberty and a defender of Europe against the Soviet Union, the U.S. now faces constant criticism for everything from its lack of action on global warming to its faith in unfettered capitalism, which has lately led to the spread of economic contagion from American banks to the rest of the world. But most damaging to America's global reputation has been the invasion of Iraq, which many Europeans viewed as a dangerous misadventure from the start. "There's concern that America goes its own way rather than listening...
...Eisenach, Germany Great historic forces once spread from Eisenach, where Martin Luther translated the New Testament into German to drive the Reformation. Today, this town of 40,000 is notable for the more prosaic fact that it's at the receiving end of a chilling secular influence: slowing demand for automobiles. Opel, a European subsidiary of the beleaguered American giant General Motors, is the town's biggest employer - and when Opel's in trouble, so is Eisenach...
...building license fees have dried up. Although he is determined not to cut social services, he predicts that some planned investments will be revisited in the coming year. "Instead of building a new traffic circle or installing new streetlamps all at once," he says, "we'll have to spread them out over two or three years." But he's most concerned about the impact on his neighbors, some of whom are already in difficulties because their mortgage payments have jumped while their shifts have been reduced. "It doesn't just affect the people who work in the brick factories...
...fair share of triumphant moments. An HIV-positive doctor who fought for - and won - his constitutional right to marry a "negative" woman; a group of HIV-positive children who found a home when no one else would take them, a sex worker who braves police corruption and abuse to spread condoms to her colleagues. As one women explained: "I know I am HIV positive, but it is only a condition, not a curse. I have the right to live a normal life...