Word: bankes
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Dates: during 2000-2009
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...principal. There is a big difference, though, between permanently reducing an interest rate and doing it temporarily. And the new program doesn't forgive principal, only defers it, which may not go very far at a time when some 18% of mortgage holders owe more to the bank than their house is worth. "If all they're doing is lengthening the loan maturity, it may reduce the economic stress a little bit, but it doesn't deal with the main problem, which is you have an underwater loan," says Richard Green, director of the Lusk Center for Real Estate...
...anymore.” Like most retailers, MacDonald counts on a strong holiday season. But he predicted that some businesses could find themselves suffering this year.“After the holiday season, there’s a huge drop-off and you have to borrow money from the bank,” said MacDonald. “Some businesses will find they won’t be able to.”Store managers for larger retailers such as Urban Outfitters and restaurants such as Bertucci’s were not permitted to comment on their business this fall...
...Kashmir," he wrote in Foreign Policy magazine, focusing on long-standing tensions over the contested territory that has led to two wars between the nuclear-armed nations. Peace between Pakistan and India will achieve far more for Afghanistan - and the war on terror - than unlimited troops and an open bank account...
...representation system means that even if Livni does manage to fend off the powerful challenge of right-wing former Prime Minister Benjamin Netanyahu, she may still lack a majority capable of forcing through a peace agreement that will ignite fierce, and probably violent, resistance from militant right-wing West Bank settlers. Israeli democracy has not given any political party or politically coherent bloc a clear majority in parliament since...
...years to come. "I think in a decade, we'll be looking back at this moment and saying, 'This was it. This was when things really changed and China's economy transitioned from externally, export-oriented to an internal focus,'" says Ben Simpfendorfer, a China economist with the Royal Bank of Scotland in Hong Kong. He Liping, a professor of economics at Peking University, agrees. "I personally see this crisis as an opportunity to reduce our dependence on export and adopt a healthier path," he says...