Word: bucket
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Dates: during 2000-2009
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...when a participating servicer changes the terms of a first mortgage, it will also have to reduce the interest rate on the second lien - to either 1% or 2%. The government will pay for half of the loss incurred by the loan owners, from the $50 billion bucket of money it had already pledged to housing-rescue programs. Mortgage servicers will be paid to make the change, and homeowners have their first-mortgage principal reduced as long as they stay current - by up to $250 a year for five years...
...Loans owned or guaranteed by Fannie Mae or Freddie Mac qualify; the two government-sponsored entities cover more than half of mortgages in the U.S. In the first three weeks of the program, Freddie Mac closed about 1,000 of these refinances, though "that's a drop in the bucket compared to what's expected," says Patricia McClung, a Freddie Mac vice president in charge of new products for single-family homes. "The lenders are still putting this in place." (Read a brief history of Fannie Mae and Freddie...
...long-term antidrug strategy doesn't need the sort of hysteria that has had some in Washington comparing Mexico to failing states like Pakistan. "Obama needs to throw a bucket of cold water on that kind of rhetoric," says Tony Payan, a Mexico expert at the University of Texas at El Paso. "He needs a Mexico approach for the next 20 years, not 20 days." Mexico is making some progress. Juárez saw violence spike last year when at least three cartels started a pitched battle for its valuable trafficking turf. (Most of the drugs from Mexico enter...
...cars, homes and clothes well, the average Mexico City resident uses 300 liters of waters per day compared to 180 per day in some European cities, says Arreguin. Furthermore, on Easter Saturdays, residents traditionally have huge water fights, in which everyone from grandparents to young children join in hurling bucket loads over each other. Piet Klop, an investigator at the Washington-based environmental think tank World Resources Institute, says that people will not learn to ration water unless it hits their pockets. "We need to understand that it is a more valuable commodity than oil and prices must reflect that...
...There's no hectoring in Under Construction, and more moments of genuine emotion too. Amid all the absurdist chaos, there's a brief scene in which all the actors, one by one, pull a ringing cellphone out of a bucket, answer a call and proceed simultaneously to have a hushed, fraught conversation with a lover - a Babel of romantic pain. Later the actors gather to recite a round-robin reverie for icons of mid-century American life, with no irony whatsoever: "I remember my father's collection of arrowheads." "I remember loafers with pennies in them." "I remember game rooms...