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...underwater" homeowners. As of December, 19.8% of mortgage holders nationwide had negative equity in their houses, according to a new report by loan-tracker First American CoreLogic. That tally, which takes into account both first and second mortgages, represents 8.3 million homeowners, 700,000 more than when the firm checked in September. (See pictures of Americans in their homes...
...Hyundai's U.S. car arm is a tiny piece of a Goliath of a company based in South Korea. The firm owns mines, petroleum assets, machinery manufacturing operations, and electronics factories. It also builds commercial tankers that are as long as several football fields. Hyundai Motors has simply out-marketed its competition in the U.S. It builds good cars, at least based on auto reviews. The company's flagship, a four door war-wagon called the Genesis, was named the North American Car of the Year. The beast only gets 17 miles per gallon in city driving...
...Hyundai took what appears to be a big risk. If someone buys one of the company's cars and losses a job, Hyundai will make the payments for three months. For people still in a bind at the end of that period, the firm will take their cars back...
...said. “The only way to effectively know about grants would be through the experience of assessing grants on a week-to-week basis.”The Dowling Report also faces the same problems that it has been trying to correct: while the report has some firm recommendations, it has no legislative power and therefore depends on the efforts of people not involved in the committee’s affairs to implement it.To move forward, proposals in the report will have to be taken on by separate bodies: the UC, the administration, and the faculty.Judith H. Kidd...
...DeParle comes to the job with a wide range of private-sector connections, some of which could prove problematic. For years she worked as a health-care adviser at JPMorgan Partners, a private equity firm, and CCMP Capital Advisers, another private investment firm with significant health-care holdings. She has served as a director on companies as varied as Cerner, which develops electronic medical records, and DaVita, which provides dialysis service. The companies and their investments could well be effected by the direction of health reform, which will necessarily seek to reduce costs in some areas, while increasing investments...