Word: collectibility
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...estate crisis has led to a surge in arson across the country; incidents of arson have been fairly constant over the years nationwide, according to the National Fire Prevention Association. Still, officials here and elsewhere have been concerned that more owners of foreclosed properties would torch their homes to collect insurance money. Even this city's suburban residents, in past years, have driven cars they could no longer afford into the city, and torched them for insurance purposes...
...bodyguard of Iván Ríos, a member of the FARC's ruling secretariat, pulled off a mafia-style hit job. He executed his boss with a shot to the forehead, cut off his right hand as proof, then turned himself in to the army to collect a $2 million reward...
...were unfairly accused of spying for the army. He says the final straw came when the guerrillas forced his pregnant rebel girlfriend to get an abortion. Visages wore civilian clothes and operated in towns, so it was easy for him to get out. When the FARC sent him to collect an extortion payment from a cattle rancher, Visages turned himself in at an army checkpoint. But for uniformed rebels operating in the jungle, escaping often involves hiking through the wilderness for days and avoiding rebel patrols, because the FARC executes deserters...
...three years. Next he visits the farm of Bhiamrao Mahore, who received free orange-tree saplings from a state-funded nursery. Mahore hopes his oranges will bring more money than the cotton he had planted before. Next stop is a state-sponsored training session where scores of local farmers collect for a PowerPoint presentation on how best to protect crops during a drought. "We are trying to increase the income and productivity of the farmers," Mulay says. "All the work cannot be done in three years. But it is a beginning...
...urges Congress and state legislatures to create incentives, like more funding for foreclosure legal representation, that "level the playing field" against lenders and their comparatively well-paid lawyers. Restrictions on government funding for legal services should be relaxed, she says, especially rules that don't let victorious foreclosure defendants collect attorney fees, as prevailing parties in most other kinds of civil litigation do. "We need structural reforms as badly as we need more [foreclosure defense] lawyers," says Clark...