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...Then there's the elephant in the room: jobs. The U.S.'s unemployment rate, which stood at 9.7% in February, is expected to hit at least 10.3% before peaking later this year, according to Gus Faucher, director of macroeconomics at Moody's Economy.com. Says Brinkmann: "The fundamental driver in demand for housing still comes down to jobs." (See 10 ways your job will change...
...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...
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-modification effort has not been very successful to this point in time," he says. However, he believes that only a small fraction of troubled homeowners will qualify for the program. "It will probably help some additional portion of the public, but I'm not sure it's enough to make...
...reasoning behind the prerequisite, according to officials, is that spaceflight could potentially harm the women's fertility. "It's out of the consideration of being responsible for the female pilots," Xu Xianrong, director of the PLA's Clinical Aerospace Medicine Center in Beijing and a member of the selection panel, told the official government news agency Xinhua. "Though there is little evidence on how the space experience will affect the female constitution, we have to be extra cautious, because this is a first for China." Ensuring that the female astronauts have already reproduced, he said, will guarantee that their family...
...image of the women it recruits to represent it on the galactic stage. In China, being a married mother is, arguably, as much a mark of excellence as sweet-smelling breath or a cavity-free dental X-ray. "Chinese culture defines women by their maternity," says Cai Yiping, executive director of the women's-rights NGO Isis International. "The perfect woman should be married with a child. Preferably a son. But I don't know if the space program has put that part in their requirements...