Word: interesting
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Dates: during 2000-2009
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That Spotify is going ahead with its plan to launch the application before the official O.K. from Apple is either a sign of supreme confidence or savvy publicity. "Spotify are masters of utilizing the Web to drive buzz and consumer interest," says analyst Mulligan. If the company does get the nod from Apple, it will be just the first step in the company's quest to get the world streaming. There's also a Google-based application for non-Apple phones in prototype and a plan to launch the regular Web-based application in the U.S. before...
...message," says a senior Treasury official. Both on Capitol Hill and in the regulatory agencies, Geithner felt, the "searing experience" of last fall's near meltdown of the global economy was falling prey to inertia and in some cases lobbying. "The reality is that there are pretty powerful vested interests fighting this," says the senior Treasury official. "It's not the entire industry, but they have an interest in fighting change...
...problem is already massive. When the value of a house is less than its mortgage, a homeowner can't sell and pay off his debt. If a house becomes unaffordable - because of job loss, say, or an adjusting mortgage interest rate - the homeowner is trapped. Underwater borrowers are more likely to default on their mortgages than those with positive equity. (See a chart showing metropolitan areas with the highest percentage of underwater borrowers...
...summers later, I’ve decided to spend my time volunteering with the Legal Aid office in my home county in Ohio, with a special interest in foreclosure cases...
...foreclosure cases we now see in the office are no longer the people who got connived into taking inappropriate mortgages—mortgages that encouraged the buyer to pay only interest and not build equity in the house, or that would reset in 2 years and double their payments. These days, the typical homeowner facing foreclosure seems more likely to have simply lost a job—in a steel plant or a bank or as an auto-mechanic—and fallen behind on payments...