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Williams, a real estate attorney who organized this week's foreclosure-prevention clinic in his predominantly African-American city north of Miami, knows the Feds aren't likely to approve his proposal. But he wants to get the discussion started - and to keep any pressure he can on lenders. "Even if we can't compel them, we want lenders to know that we're expecting good corporate citizenship in this process," he says. "The real relief in this credit crisis has to be directed at the thousands and thousands of people whose homes we can help save...
...values further down and instead exacerbate neighborhood destabilization. That's another reason many cities would have preferred a focus on efforts to prevent foreclosure and keep existing families in those homes. Another problem is that the NSP is tacitly obliging cities to become property managers, something "local governments just aren't set up to do," says Shank, whose organization is also a licensed lender and mortgage broker that helps cities acquire and resell foreclosed homes in situation like this. "It's not their role...
...much the same way, Japanese firms face a global imperative. They must expand overseas to maintain growth. There simply aren't enough Japanese to buy their products back home. With domestic car sales slowing, Honda, for instance, just opened a second plant in Thailand so Japan's second largest auto company can double its annual production capacity in the Southeast Asian nation to 240,000 cars. Japanese pharmaceutical firms have also bought up American and Indian rivals. Overall, in the first 10 months of this year, foreign acquisitions by Japanese firms soared nearly fourfold to around $67 billion, according...
...jacking up the price of grain." Yet the price of corn has fallen at least 50% since its peak. Revising the bill is a good idea, but in doing so, we must realize that we will make food more expensive, since some farms will go broke. Sometimes these issues aren't so black and white. Matthew Bernhardt, Lincoln, Nebraska...
...jacking up the price of grain." Yet the price of corn has fallen at least 50% since its peak. Revising the bill is a good idea, but in doing so, we must realize that we will make food more expensive, since some farms will go broke. Sometimes these issues aren't so black and white. Matthew Bernhardt, LINCOLN...