Word: alt
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...singer-songwriter Neko Case, writing alt-country songs teeming at the brim with a mixture of nature, love, and free-spirited humor is all but, well, second nature. On her new album, “Middle Cyclone,” her skillful imagery—featuring killer whales and lovesick tornadoes—continues to prevail, bringing forth an album full of integrity and purity rarely found on an artist’s seventh studio release. While Case remains true to the form established on her previous work, the original appeal of her ethereal voice and fanciful melodies...
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...account the possibilities of other potential measures Obama might have to take to save the economy. The current downturn was sparked by a bubble in house prices and the subprime mortgage crisis. Some economists forecast another wave of bad news over the next three years, as option ARMs and Alt-A mortgages start resetting. Other economists called for a larger stimulus package, and another might be needed in a couple of years. By highlighting the goal of halving the deficit, Obama limits his ability to react to future crises. Obama’s economic policy, especially the stimulus package passed...
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...monthly payment. The Maryland Office of Financial Regulation, which collects data on some 380,000 loans from 65 servicers, found that of modifications completed last August and September, 42% kept the monthly payment the same and 18% actually raised it. An analysis of 3.5 million sub-prime and Alt-A loans by Valparaiso University's Alan White found that 68% of modified loans tacked on unpaid interest and fees, adding an average $10,800 to the balance due. A lender that caps the existing interest rate on an otherwise adjustable mortgage or reamortizes missed payments over the life...