Word: alongism
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...change may soon be coming to America. On Thursday, President Obama outlined a proposal that would revitalize the passenger rail network of the United States by providing $8 billion in funding from the recently passed $787 billion stimulus package for high-speed rail networks, especially along the Northeast Corridor. We applaud the president’s bold maneuver and hope to see him follow through on his lofty rhetoric with real change in the way that the federal government treats the entire issue of high-speed rail travel...
...Capital Force case is one of the largest mortgage frauds to date in Florida, but it's just the tip of an iceberg of scams that have wrecked broad swaths of the state's reeling housing and commercial real estate market. The situation is worst along the I-4 Corridor between the Tampa and Orlando areas, where almost 30,000 homes are in foreclosure. (Lee County, in fact, has one of the nation's highest foreclosure rates, at about 12%.) In recent years, fraud - involving either property purchases like Capital Force's, or schemes that falsely promise to help desperate...
...normally would be addressing other threats in order to surge this." Part of the strategy is to proceed in three "waves" that move "as high up the ladder" as possible, says Ibison: to collar not just the buyers who lied on loan applications, or brokers who ushered those shams along, but also the banks and lenders who looked the other way or actively participated in the scams (and often made a killing unloading toxic mortgages on Wall Street). That includes alleged top-level conspiracy "organizers" like Husani. "These kinds of crimes," Ibison notes, "rarely involve just...
...suit, which seeks restitution for the plaintiffs, is Keep Your Property, Inc. The North Miami Beach firm allegedly bilked Floridians like Leslie Brown, a 73-year-old Jamaican immigrant and former dockworker. When faced with foreclosure on his Ft. Lauderdale home last fall, he says he paid $2,200 along with other large fees to Keep Your Property, which promised to get his sky-high mortgage interest rate lowered so he could continue making house payments. "I was so happy, I was sure they would take care of it," says Brown, a widower who has since lost his house...
...fishing, foreign ships have also long been accused by local fishermen of dumping toxic and nuclear waste off Somalia's shores. A 2005 United Nations Environmental Program report cited uranium radioactive and other hazardous deposits leading to a rash of respiratory ailments and skin diseases breaking out in villages along the Somali coast. According to the U.N., at the time of the report, it cost $2.50 per ton for a European company to dump these types of materials off the Horn of Africa, as opposed to $250 per ton to dispose of them cleanly in Europe...