Word: helping
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MICHAEL SCHLACHTER, managing director at a California investment-consulting firm, on banks that are using a government program designed to help them get rid of debt to make enormous profits trading defaulted home loans...
Local officials have programs in place to help buyers but admit they're frustrated they can't do more. "We want to help families own homes," says Tom Freeman, spokesman for Riverside County's economic-development agency. "We do not want to see outside investors coming in and turning them into rental units." For their part, investors say they are buying up houses in such disrepair that first-time buyers would not be able to secure loans for them - and helping neighborhoods by making these units livable again. "I don't think anybody should have a problem with that," says...
This extra brainpower can help an aging mind compensate and, in essence, delay the onset of dementia. "The longer you put it off, the less time people will suffer from it," says Yaakov Stern, a Columbia University cognitive psychologist, who has found that people with more education and more stimulating jobs are at a lower risk for developing Alzheimer...
...year. Analysts say that in addition to straining ties between intelligence communities in Washington and Amman, the incident could hinder progress in hunting down terrorists, including Ayman al-Zawahiri, al-Qaeda's No. 2. Some officials speculate that al-Balawi, a Jordanian physician, may have been recruited to help snare al-Zawahiri, who is also a doctor...
Schools, roads and airports shut down on Jan. 4 as Beijing suffered its heaviest snowstorm since 1951. Authorities in the Chinese capital dispatched thousands of workers to help clear snow-covered roads, putting them to work in temperatures as low as 10°F (-12°C). More than 30 highways were closed in northern China, and a train in the Inner Mongolia region hit a snowbank 6 ft. (2 m) high, trapping its 1,400 passengers overnight. Other parts of North Asia also experienced unprecedented winter storms; Seoul received 11 ft. (3.3 m) of snow, the most it had seen...