Word: unless
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...that servicers will do what it takes to avoid foreclosure in the long run. Over the past few months, as loan defaults have continued to rise, the Maryland Office of Financial Regulation has noticed an increase in servicers crafting modifications with lower monthly payments. That's a good sign - unless, perhaps, those lower payments come with a balloon payment further down the road, as White has often noticed in the loans he's studied...
...worse, he remarked, "Once you break through '74-'75, you don't stop 'til you get to 1929." At almost the same hour, Bill Gross, the undisputed king of the fixed income world and chief of investments at Pimco stated "the U.S. may slump into a 'mini depression' unless policy makers spend trillions of dollars to spur growth." He did not make the distinction between a "mini depression" and one of normal size but his comments were, nonetheless, alarming...
...ready to take on some kind of responsibility at Copenhagen - whether it means goals on energy efficiency or reducing the increase in their carbon emissions - depending on U.S. actions. "The key to the process is for the U.S. to engage more," she says. "China is not going to deliver unless the U.S. delivers. That will be the key to how far we can go in Copenhagen...
...ultimately, Pitcher argues, we'll need a new enforceable legal agreement to govern the oceans. "We are approaching a point of no return for many of the world's fisheries," he says. "I know it's hard to get new international agreements, but we can't give up." Not unless we want to live - perish the thought - in a world without sashimi...
...Jews and Arabs have equal rights to self-determination. Hamas, armed and funded by Iran, is dangerous to both. Until Hamas gives up terror, or is forced to do so, neither side will enjoy peace. How to achieve that outcome remains a “complicated” question, unless you ignore the truth...