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...departments of Treasury and Housing and Urban Development announced that they would no longer take kindly to mortgage firms that don't make modifications lasting. Teams of officials are headed to the nation's largest lenders for a closer look at what's going on, and starting in December public progress reports will include the number of loans being converted to permanent status - an attempt to shame the firms into quicker action. Monetary penalties could follow...
...said. The poll numbers may also indicate the extent to which America’s young adults are politically engaged and active, said Della Volpe. He called the strong opinions of the 18 to 29 year old demographic a sign that “the largest generation of voters in our history are independent, passionate and outspoken, and they should not be taken for granted...
Harvard’s other recent efforts to improve sustainability include its agreement made on Nov. 2 to purchase 10 percent of its annual electricity usage in the form of wind power, making the University the largest institutional buyer of that type of energy...
...Chamber of Commerce is asking for a reduction of the capital-gains tax, renewal of popular research and development and other soon-to-expire business tax breaks and a permanent elimination of the estate tax, among a long wish list of tax provisions. The AFL-CIO, the nation's largest umbrella union, would like to see aid to struggling states to help avoid layoffs of teachers, police and public employees and upwards of $500 billion more in targeted infrastructure and green-jobs investment. It proposes paying for this by instituting a stock transaction surcharge of 0.25% per trade - a move...
...imbalances will continue to persist, say analysts and North Korean defectors in Seoul. The largest and wealthiest of North Korea's traders, including government-owned companies, have long since swapped out of North Korean won and instead hold Chinese renminbi, yen or dollars as a store of value. The black-market value of the won has been decreasing for years, and North Korean inflation has been accelerating. The former head of a large North Korean trading firm who recently defected to Seoul told TIME, "Some kind of move like this was expected for a long time." And, he says...