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...from a lack of resources (it has long begged Congress to fund computer upgrades) or a lack of judgment - will haunt the agency for years. Loans it backed in 2006 and 2007 are souring at a particularly high rate because of seller-financed down payments; when a home buyer isn't the one ponying up equity, there is more than twice as much chance that the loan will go bad. That practice is now gone, but the FHA is still expecting more than 20% of the loans it insured during those two years to eventually default...
Aftur's bottom line isn't unique. Down the street the three-month-old Fabelhaft shop has also logged surprisingly high sales. "Opening now has been the best investment for us," says co-owner Dusa Olafsdottir. Inside, tourists and natives mill around bespoke hats and dresses in the boutique's bleached white cube. "Before the crash it was ridiculously expensive on this street, but now you can have your own label and store." (See pictures of expensive things that money...
Luckily for the U.S., China's pre-eminence in Southeast Asia isn't yet a foregone conclusion. Countries like Vietnam, which was colonized by its northern neighbor for a millennium, are wary of China's growing footprint. And in nations like Indonesia, Burma and Cambodia, it wasn't so long ago that the economic dominance of local Chinese communities catalyzed bloody pogroms and discriminatory laws against the ethnic Chinese. Despite the occasional bursts of anti-Chinese violence, businesses in Thailand and Indonesia are still disproportionately controlled by overseas Chinese today. As a consequence, even as Beijing pleads that...
...Indochina four decades ago - not to mention its earlier occupation of the Philippines, where it maintained military bases for decades - the U.S. has garnered suspicion for its muscular interventions in the region. Having China take up the role of regional heavy might feel like a relief. But increasing irrelevance isn't an enviable position, either. In his 90 minutes, Obama will have a lot of explaining to do - no matter how pleased ASEAN's leaders will be to meet...
...These estimates give us a better [sense] of how much disease, hospitalization and death there is than we would get by just counting individual laboratory confirmed cases," says Schuchat. "It isn't a switch or a change from the way we've been counting cases so far. What we're really trying to do is give you a bigger picture...