Word: cuts
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...prevent a worsening of the housing situation, the White House is expected to announce today a new set of programs to shore up the market, including one that will cut the amount owed on troubled mortgages. There is also expected to be an upward bump in the cash incentives to lenders who reduce mortgage principals as part of loan modification, as well as a requirement that lenders trim monthly mortgage payments for the newly unemployed for a period of several months...
...Right now, the one thing that really stands out to the advantage of the industry is affordability, and if interest rates were to move up sharply from here, that would meaningfully cut into affordability," says Bob Curran, a managing director at Fitch Ratings...
...report does point to one hopeful recovery: that of the iconic mountain gorilla in eastern Congo's Virunga National Park. Mountain-gorilla numbers rose from about 250 in the 1950s to some 380, thanks mostly to stepped-up ranger patrols that target poachers and loggers who cut down wood for charcoal. "It has been a success story, but it doesn't make them any less vulnerable," says Emmanuel de Merode, director of Virunga National Park. "We're dealing with an unusual situation, where we have very low numbers in a single location. It's like having all your eggs...
...this four-part series, FlyBy will dish out the details of each House’s brain break so that you know where to go when dinner’s 8-cut jerk chicken wasn’t you were looking...
...rules require a senior officer - a general or admiral - to approve the ouster of a serviceman or -woman for being gay. That's at least one rank higher than earlier mandated, and is likely to cut down on the number of such cases. Hearsay will no longer be allowed, and statements about a military member's sexual orientation will have to be given under oath. Furthermore, information given to lawyers, clergy or medical professionals - or in connection with domestic violence - can't be used to oust someone. (See a brief history of gays in the military...