Word: arms
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...home-shopping TV show she fronts. Out on Juniper Creek, the polygamous compound where Bill and Nicki were raised, Nicki's brother Alby, the sect's new leader, entered into a dangerous liaison with Dale, the man charged with examining the books of the UEB, the Juniper Creek business arm. And Bill pursued his latest messianic or suicidal mission: risking exposure as a polygamist, and the ruination of his family, by campaigning for a State Senate seat...
This year, in a nod to the younger generation's swelling ranks, CPAC presented a dedicated social arm: XPAC - Xtreme Politically Active Conservatives - founded by actor Stephen Baldwin, which is hosting a gaming room and live events targeted to the young throughout the three-day conference. Baldwin said Thursday in a speech announcing XPAC that for last year's younger crowd, "there wasn't exactly, demographically, a whole lot that was here at CPAC for them - to come together, share their ideas and have a platform and fellowship...
...good news, relatively speaking, is that these loans are very concentrated: about 75% of all option ARMs were written in California, Florida, Arizona and Nevada, with the vast majority of those in California. In that way, the option-ARM problem is localized. People living in Phoenix, Las Vegas and California's Inland Empire, which have high concentrations of option ARMs, can expect to see renewed downward pressure on home prices. But the trend won't spread nationally...
With the housing market as it is, borrowers will find few good alternatives for rescue should they run into trouble. The traditional response of refinancing into a more affordable loan is off the table for many homeowners, considering that property prices have plummeted. More than 85% of option-ARM holders owe more on their loan than their house is worth, a situation known as negative equity or being underwater. Typically, a refinance is impossible without the borrower having at least 20% equity in a house...
...Indian government, too, has signaled the new importance of what it calls "low-intensity conflict," like the multiagency security offensive aimed at defeating India's armed Maoist insurgency, a movement that controls a wide stretch of territory in central India. The Defense Ministry's research and development arm, which traditionally caters to the needs of the armed forces, displayed this year for the first time unmanned aerial vehicles and other weapons developed for counterinsurgency. "Technology is being dovetailed to suit low-intensity conflicts," a top defense research official told TIME...