Word: commonnesses
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...federal government has a small operation called the Office of Thrift Supervision, which, among other things, keeps track of mortgage defaults. It defies common sense, but the agency says that many people who have mortgages re-worked to their financial advantage often default on their obligation anyway...
...downturn is playing havoc with Eastern Europe's currencies. Since last summer, the Polish zloty has lost 48% against Europe's common currency the euro, the Hungarian forint 30% and the Czech Krona 23%. That makes euro-denominated debt, which has risen dramatically anyway in the past few years, much harder to pay back. In Poland, foreign currency debt held by households has tripled in three years to 12% of the GDP last year, with some 70% of mortgages taken in foreign currencies. In Hungary, foreign currency loans make up 62% of all household debt, up from 33% three years...
...Jyoti Thottam complains about the barbed-wire fence that India is erecting [Feb. 16]. She fails to acknowledge that erecting the fence has reduced the flow of illegal migrants into India. I also couldn't understand the complaint about exporting cows. Respect for religious sentiments has to be a common goal, not simply accommodation from one side to facilitate the other. Girish Vaidya, AURANGABAD, INDIA
...tempting to assume that Denmark is innately green, with the kind of Scandinavian good conscience that has made it such a pleasant global citizen since, oh, the whole Viking thing. But the country's policies were actually born from a different emotion, one now in common currency: fear. When the 1973 oil crisis hit, 90% of Denmark's energy came from petroleum, almost all of it imported. Buffeted by the same supply shocks that hit the rest of the developed world, Denmark launched a rapid drive for energy conservation, to the point of introducing car-free Sundays and asking businesses...
...common way to treat the many types of influenza,” said Wayne A. Marasco, an associate professor at Dana-Farber...