Word: boomings
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...Tuesday night's clinic how desperately these communities need massive mortgage aid right now - and how big a challenge providing it can be. A large group of residents from a newer, more upscale Miami Gardens housing development called Coconut Cay showed up for loan relief. During the overpriced-housing boom of this decade, some of the houses went for more than $500,000 - but now a number of buyers are wrestling with more mortgage costs than their battered finances can handle. It's a reminder that rash borrowers are often as responsible for the housing debacle as reckless lenders...
...Although he has barely had time to articulate his leadership priorities, Aso appears committed to burnishing Japan's global influence. Over the past decade, the nation's foreign-aid budget has nosedived. In the early 1990s, flush with cash from its long boom, Japan was the world's largest donor. Now, it's fifth. Aso might reverse the trend. In August, Japan's Foreign Ministry requested a 13.6% increase in next year's foreign-aid budget. In October, Aso made headlines when he signed off on a record $4.5 billion loan to India. That commitment followed on the heels...
...brick clutter the roadsides. Stacks of concrete drainage pipes fill parking lots. Newly resurfaced roads snake past rows of temporary housing, while stores do a brisk trade in paint and window frames. Like countless places in China, this corner of central Sichuan province is undergoing a building boom. But this is no typical growth story. When I was here six months ago, bodies jutted from the pancaked floors of collapsed buildings and lined rubble-strewn streets. Tens of thousands of homeless crowded into sports stadiums, and millions more slept in tents. The highway was riven with cracks, and smashed vehicles...
...states, "The median farmer's net worth is five times the median American's." Of course it is - farmers own tons of acres; but let's see you try to operate your business when all that net worth is tied up in land. In addition, he claims, "the biofuel boom is also 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...
...states, "The median farmer's net worth is five times the median American's." Of course it is--farmers own tons of acres; but let's see you try to operate your business when all that net worth is tied up in land. In addition, he claims, "the biofuel boom is also 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...