Word: crediteers
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...their payments six months after receiving a modification. That re-default problem has received much attention as the national conversation has turned toward the idea of taxpayers standing behind modifications. "You wouldn't want the government to be on the hook for someone who borrowed a lot more in credit-card debt, or what have you, and then couldn't make their payments," OCC head John Dugan said in an interview with Bloomberg. (See pictures of Americans in their homes...
...Russia's richest man. It is also playing an increasingly intrusive role in the private sector. At a meeting in Moscow on Nov. 25, for example, Igor Shuvalov, Putin's First Deputy Prime Minister, told the nation's major retailers that the Kremlin would ensure they gain access to credit on the condition that they demonstrate "social responsibility" by not raising prices...
...your feet, and overnight, the ads claim, you will sweat out metals, minerals and any other accumulated nastiness. Who wouldn't be appalled by the brown footprint left the next morning by a body newly unburdened of pollutants? And who wouldn't dial that toll-free number right away, credit card in (toxin-laden) hand? (See the best and worst Super Bowl commercials...
...these measures, some of the tax cuts need to go. Both chambers included a tax credit for first-time home buyers, a hair-of-the-dog solution to a crisis that has its roots in an artificially inflated housing market; it wouldn't provide stimulus, and it wouldn't point the country in a new direction. The nonpartisan Tax Policy Center says the Senate's $70 billion patch to the alternative minimum tax is "neither timely nor targeted" and "makes no sense as economic stimulus." But the biggest component--a $145 billion payroll-tax cut--is both good stimulus, because...
...stone, and Feldstein, who spoke with congressional Republicans on Tuesday, says it may change before it is passed, either before it clears the Senate or when it is in conference with the House thereafter. Indeed, the Senate voted on Wednesday evening to add a home-buying tax credit to the package, and Obama spent part of the day meeting with Senators like Collins and Nebraska Democrat Ben Nelson, who want to cut tens of billions of dollars in spending from...