Word: hardness
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...credit program. New and existing home sales fell 2.2% and 0.6% respectively from January to February, and unsold inventory rose 9.5% during the same period. Some of February's sluggishness could be explained by cold, snowy weather that blasted the Eastern seaboard, but the precise impact of this is hard to know...
Treasury Assistant Secretary Michael Barr says the principal-reduction program is voluntary, not mandatory, and that there's no guarantee homeowners will not default on the new refinanced loans. "We don't want to be overly optimistic about that," said Barr during a briefing on Friday. "Modifications are hard - they're done for people who are struggling with their mortgage, and so you expect a lot of people not to make it - and a lot of people won't make it." However, he says two-thirds of the people in the government's present loan-modification program are current...
Despite his team’s woes, Brent continues to work hard, even though playing two positions is no easy feat...
Will the notoriously hard-charging Sarkozy roll back his reformist drive in the wake of the electoral shellacking? Maybe a bit - especially after his quixotic insistence that the conservatives could win the second round even after the disastrous results of the first round on March 14. Rather than tweak the right's message, Sarkozy focused on a get-out-the-vote push to urge conservatives to go to the polls, a move that helped to slightly increase voter turnout but failed to prevent the left's landslide win. Now Sarkozy may have to accept a change of tactics. Says...
...Israelis' request. But even that failed to bridge the gap between the two sides over what would constitute an acceptable approach to restarting the peace process, and the Israeli leader remained in Washington Wednesday as aides from both sides worked on the issue. The Administration clearly fears that the hard-line position staked out by Netanyahu on Jerusalem jeopardizes any prospect of getting the Palestinians or the wider Arab world to engage with him, rendering any renewed peace effort stillborn. As Olmert pointed out, no peace agreement would be accepted by any Palestinian or Arab leaders that didn't give...