Word: effects
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...will be less likely to stop making their payments. The plan is equivalent to a universal renegotiation of terms that improves the situation for both homeowners and banks. As a bonus, mortgage-backed - and, indeed, all mortgage-based - securities will become less toxic by virtue of a trickle-up effect...
...there is a tax worth paying, many people would probably say that one that helps build a foundation under the value of their own homes is high on the list. The process may create an atmosphere that looks and feels like socialism, but if the net effect is that the drop in housing prices is reversed in short order, even free-market advocates may tolerate this plan rather than watch the world burn...
...with complicated assets like mortgage-based securities in the hopes of stabilizing the values of more concrete assets, like homes. In contrast, my approach addresses the root of the problem. Thus the government would help ensure that the mortgage-based securities find a stable price via the trickle-up effect. After all, it would take an inconceivable number of foreclosures at 70% of principal to justify the assets' trading down to 22% of their face value...
...that smoke disrupts the way in which our blood vessels carry blood to the brain," says Sarah Day, head of public health for Britain's Alzheimer's Society. "A type of dementia called vascular dementia is caused by minute hemorrhages in the brain. If smoke is having an effect on the cells in the blood vessel walls, that's a pretty good explanation as to why secondhand smoke would have an effect." (Read "Mild Exercise May Counter Dementia...
...professor of Arab studies and director of the Middle East Institute at Columbia University, said that the world powers should focus on building Palestinian political unity rather than delegitimizing Hamas. The panel was moderated by Harvard Kennedy School Professor R. Nicholas Burns. While introducing the speakers, Burns emphasized the effects of the 61-year struggle on the Israeli and Palestinian people. “The Israeli people have not known a single day of peace, and the Palestinian people have not seen a single day of justice,” he said. Khalidi acknowledged the gravity of the situation, especially...