Word: congression
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...help individuals make their payments, Bank of America announced in March that it would start reducing the principal on some home loans. This, after the banking industry successfully fought off attempts by Democratic Illinois Senator Dick Durbin and others in Congress to pass legislation last spring that would have allowed for mortgage modifications. But since then, it has become clear that without loan modification, many borrowers have no recourse but to accept foreclosure and walk away, says Porter. "I think one reason the economic recovery is slow is that it is taking so long to work through these delinquencies...
Koirala, popularly known as GP Koirala, was at the forefront of mass protests in 1990 that eventually forced Nepal's King Birendra to introduce multiparty democracy into the Himalayan kingdom. Elections then catapulted Koirala and his Nepali Congress Party into power in 1991. But the subsequent years would be tumultuous ones, as a Maoist rebellion ravaged Nepal, leading to thousands of deaths. Power struggles and factional demagoguery came to define Kathmandu politics...
...financial woes and scandal, community-organizing group ACORN announced March 22 it was disbanding. Since 1970 the group had fought to raise the minimum wage, counseled low-income homeowners and registered the poor to vote. In September a video sting operation run by conservative activists hit the group hard: Congress cut its funding, the Census dropped its partnership, and donations plunged...
...Though Congress and the Obama administration formally pledged to fully fund worldwide access to HIV drugs and other life-saving programs, their promise has fallen short by about $2.5 billion dollars...
Running for Congress is a gamble with much higher stakes. Sarangani might be a small district, but political analyst de Vera estimates Pacquiao will have to spend up to $2 million "to stand a chance of winning." That's nothing by the standards of U.S. elections, but a fortune in a rural backwater with only about 270,000 registered voters. Eric Pineda, one of the boxer's bewildering array of advisers, calls $2 million a "paltry" sum. Another adviser, Jeng Gacal, says "the sky's the limit" when it comes to election spending...