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Initial reactions to the plan are mixed. Bob Curran, managing director of Fitch Ratings, calls it a step in the right direction. He says principal reductions will likely be more effective in modifying loans than past efforts that involved only interest-rate cuts and extensions of loan terms. "The loan...
According to Schinazi, there was only one route at the place he worked so that a street map was not necessary. In addition, their Haitian driver knew the place very well and stayed with them all the time, and he could always ask local people for direction along the road...
Stopa said he plans to focus on fiscal responsibility, health care reform, and immigration. He said that like voters, he is nervous and angry about the current direction of the country.
Even with this cautionary measure in place, the nature of markets and a capitalist economy is such that the failure of major institutions is inevitable. The challenge for regulators in our hyper-connected economy is to ensure that such a failure can occur in a systematic and controlled manner. Resolution...
On a test flight over Maryland last week, the Pentagon's F-35 jet fighter landed vertically for the first time - like a helicopter - as it was vaunted to do. But at just about the same time, its price tag was climbing in the other direction. A Swiss Army knife...