Word: interest
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Dates: during 2000-2009
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...whipping companies into shape, though, there is much less energy going toward addressing the changing nature of foreclosure. HAMP was crafted to deal with the effects of the housing bubble: excessively easy credit let people buy homes they couldn't really afford and often with loans that carried spiking interest rates and payments...
Lately, the People’s Republic has been in the bad habit of making ever larger investments with questionable African regimes. A week before Obama’s tour, during the Forum on China-Africa Cooperation, Prime Minister Wen Jiabao promised to lend Africa $10 billion in low-interest development loans over the next three years and to forgive many older interest-free loans made to less developed nations...
While this sounds rosy enough, even interest-free money isn’t ever really free. Rather than use its economic leverage to stamp out corruption or push for human rights, as the West does, China’s demand is instead a request that African markets open up to the dumping of Chinese products, that participating governments refuse to recognize Taiwan, and that any development contracts are forged exclusively with Chinese companies...
Though this budget cut would, all other things being equal, likely lead to reduced enthusiasm for public service, given the weakness of the corporate law labor market, demand for public service jobs is up at the moment. Consequently, the flow of students into public interest careers may remain high for the immediate future. In this job market, the post-graduation employment choice for law students is often between no job and a low-paying public sector position, in which case the latter option would still be relatively more lucrative. However, this does not excuse the elimination of an important program...
...Dobbins says he doesn't think it will go that far. "This is not in Iran's long-term interest, and they will not do it unless their competition with the U.S. comes to dominate their policy toward Afghanistan, which it has not to date," he says. Sadjadpour is not so sanguine, warning, "It [wouldn't] be the first time Iran has cut off its nose to spite its face...