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...week was the delinquency rate among loans backed by the federal housing agency Freddie Mac. The number of people 90 or more days behind on their mortgages continues to rise - in July, 2.95% of Freddie Mac loans were late, up from 2.78% the month before, and 1.01% a year ago. Furthermore, a new study from the credit-rating agency Fitch found that among people falling behind on payments, fewer and fewer are able to catch up. Looking at a set of mortgages that had been bundled into securities, Fitch calculated that as of July, just 6.6% of delinquent borrowers with...
...Kerry was disappointed, but he quickly buckled down. Lindsey Graham, a South Carolina Republican, had never had much reason to work with Kerry before this year. So he was surprised when Kerry approached him in the Senate about a month ago. "He came over to me, and he said he'd like to see if we could find some middle ground on global warming," Graham recalls. With California Senator Barbara Boxer, Kerry has been gathering Senators from both sides of the aisle for weekly meetings on climate-change legislation. The bill was thought to be a nonstarter in the Senate...
...could hear the silence, and I could see people crying across the hall as he finished, "For me a few hours ago, this campaign came to an end. For all those whose cares have been our concern, the work goes on, the cause endures, the hope still lives, and the dream shall never die." (Read "Replacing Ted Kennedy in the Senate...
...also made his plans and found some peace. President Obama hand delivered a letter from him to Pope Benedict XVI and asked that the Pontiff pray for him. Kennedy finished his memoirs. He soaked up honors and awards. He gathered the family and led the prayers two weeks ago when Eunice died. "It's been a chance for us to bond and be together and share a special time together," said his son Patrick of the final days. "That's a big gift. [It] let us have the chance to tell him how much we love him." Kennedy's wife...
...Indeed, the spat over Jinnah has highlighted the profound crisis facing India's most prominent opposition party. Its rise less than two decades ago as a dominant force in Indian national politics coincided with the opening up of the country's economy and the emergence of a more confident, muscular middle-class. Its leaders were in power until a little over five years back, when the party lost the elections then by a thin margin. But those days seem long gone. The humbled BJP is now faced with serious questions over its leadership, seen to be out of sync with...