Word: baile
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...massive housing bill in late July over the objections of many Republican lawmakers and even some White House aides. The legislation gave Paulson something unprecedented and very expansive: a blank check from Congress that he and whoever succeeds him at Treasury can use until the end of 2009 to bail out or take over Fannie Mae and Freddie Mac, the troubled government-created firms that at the moment are funding the vast majority of mortgage loans being made...
...make a hill of beans of difference. It's only going to dilute what we're doing." He points to the U.S. budget for homelessness, which is just $1.5 billion a year. That's barely enough to help fund the Housing First push; it's not going to bail out families caught up in the foreclosure crisis...
...that the couple was beating two servants who were part of their entourage. Questioned by the police, a Tunisian woman and a Moroccan man confirmed that the Gaddafis had repeatedly struck them, causing visible bruises and other bodily injuries. Two days later, the Gaddafis were released on $500,000 bail and, pending further investigation by the Geneva prosecutors, returned to Libya. "They deny all the charges against them," the couple's Geneva attorney, Alain Berger, told TIME...
...made a secret trip to Mexico to try to expedite a loan package for the roughly $6 billion that the country needs to continue servicing its foreign debt. Though a rescue loan now seems likely, the conditions set by financiers will probably be tough. Commercial banks have refused to bail Mexico out until it has reached an agreement with the International Monetary Fund. And the IMF will not help until the country has slashed its domestic budget and reduced an inflation rate that may exceed 90% this year. The more Mexico tries to placate its creditors, however, the more...
...twilight, which falls somewhere around midnight, and see the St. Nicholas Russian Orthodox Church, a tiny jewel box built in 1894. It is also a place to catch the scent of fear among businessmen who depend on boomtown prosperity. Alaska's oil boom has busted, but tourism may bail everyone out. Twenty-five ship tours are headed for southeast Alaska this summer, some of them run by firms that pulled out of the Mediterranean after terrorism wrecked the cruise business there. Governor Bill Sheffield nervously counts the house with what is beginning to sound like real optimism...