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...details of how, exactly, monthly payments will be lowered has raised concern in certain quarters. In a news conference explaining the program, James Lockhart, who runs the agency that oversees Fannie and Freddie, highlighted three tacks: reducing interest rates, extending the length of loans and, in some cases, deferring payment on part of the principal. There is a big difference, though, between permanently reducing an interest rate and doing it temporarily. And the new program doesn't forgive principal, only defers it, which may not go very far at a time when some 18% of mortgage holders owe more...
...communicative power of the cast and choreographer.The final number of the evening was a heart-stopping performance of “Steps in the Street” from Martha Graham’s classic anti-war piece “Chronicle.” The dancers, dressed in full-length black garments designed by Graham herself in 1936, proceeded on-stage with rigid shuffles that were accented by the absence of music. An eerie, militaristic theme suddenly blared out, signaling the dancers to cover the stage with repeated, mechanical stag leaps that were almost inhuman in their unfeeling execution...
Between Pauley’s constant road trips—she’s a self-professed “urban hiker,” who confesses to live out of a bookbag—she’s put out two full-length CDs. The most recent one, “Elijah Drop Your Gun,” was funded entirely by fans, including seven $1,000 donations...
...squandered it in the course of winning the nomination and then trying to hold together a Republican coalition that has been on life support for years. Because of the brutish tone of his campaign and the generally spiteful mood inside the Republican Party, McCain faces a period of uncertain length in the wilderness, abandoned by former admirers on the right and the left. And so his latest test of character awaits: How does he overcome this defeat and retake his place as one of his party's best legislators? (See pictures of John McCain's final push on the campaign...
...long lines and urging people to "come ready to wait it out." Voters casting absentee ballots - the demand has been nearly twice the normal level this year - have had to wait two hours or more in Kansas City and St. Louis. Adding to fears of chaos is the sheer length of the ballot. For instance, in St. Louis County - a key suburban area outside central St. Louis - three sales tax hikes are among the issues on a ballot that will take informed voters 10 minutes to complete, says Republican consultant Paul Zemitzsch. A novice voter might need 20 minutes...