Word: congressed
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...none of that means rent-backs won't eventually take off. There are plenty of examples in the recent past of housing policies starting at the federal housing agencies and later expanding industry-wide thanks to strong-arming from some combination of the Obama Administration and Congress. Loan modifications are the quintessential example. Perhaps one more relevant bit here is the law that was passed earlier this year requiring banks that repossess houses to honor the terms of existing leases (i.e., to not immediately kick out any existing renters). Fannie Mae already had such a policy in place. Over...
...multibillion-dollar United States Superconducting Supercollider, which was designed to search for the Higgs, was abruptly canceled by Congress. In 2000, scientists at a previous CERN accelerator, LEP, said they were on the verge of discovering the particle when, again, funding dried up. And now there's the LHC. Originally scheduled to start operating in 2006, it has been hit with a series of delays and setbacks, including a sudden explosion between two magnets nine days after the accelerator was first turned on, the arrest of one of its contributing physicists on suspicion of terrorist activity and, most recently...
...Congress is bound to ask, How was it possible that even as his performance was poor, his personnel file was being reviewed and his communications with a radical cleric were being analyzed, Hasan was promoted from captain to major last May and dispatched in July to Fort Hood, the largest active Army base in the U.S.? One explanation is a desperate need for mental-health professionals. With its 50,000 soldiers and 150,000 family members and civilian personnel, Fort Hood has the highest toll of military suicides; posttraumatic-stress-disorder cases quadrupled from...
...President Obama, mocking his signature phrase "Change we can believe in" and suggesting he had authorized moving the words "In God we trust" from the face of a new $1 coin to its edge. (In fact, the coin's format was re-engineered several years ago by Republicans in Congress and signed into law by President George W. Bush...
...Green says that the timing is critical. The U.S. wants the decision made by the end of the year because Congress will not appropriate funds for the transfer of Marines to Guam unless the Japanese government okays the deal in time to include relocation in the Defense Ministry's budget for the 2010 financial year, due by the end of December. The other issue, says Green, is that the mayoral election in Nago, slated for January 2010, could alter the tone of the agreement if the new mayor opposes the plan. Japan political experts have speculated that such delays, including...