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Initial reactions to the plan are mixed. Bob Curran, managing director of Fitch Ratings, calls it a step in the right direction. He says principal reductions will likely be more effective in modifying loans than past efforts that involved only interest-rate cuts and extensions of loan terms. "The loan...
Rick Sharga, vice president of marketing for RealtyTrac, is cautiously optimistic that the program will help slow foreclosures. "One of the things that's prevented more success on these [loan-modification] programs is, we've had a principal-balance problem, and this program, on the face, would seem to resolve...
Perhaps the worst misfortune to befall the world's gorillas is that they live in some of the most resource-rich and lawless parts of the planet. Their forest homes in Africa are rich in timber, gold, diamonds and coltan, the mineral used in electronics like cell phones, and the...
The report does point to one hopeful recovery: that of the iconic mountain gorilla in eastern Congo's Virunga National Park. Mountain-gorilla numbers rose from about 250 in the 1950s to some 380, thanks mostly to stepped-up ranger patrols that target poachers and loggers who cut down wood...
Lowell’s Brain Break was unexciting but had all the basic foods down pat. By 8:40 pm, the special item—carrot cake—had been ravaged and reduced to one lonely square. The drink machines were fully functioning.