Word: lessness
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Dates: during 2000-2009
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...property-management company to run its rental program, but even with that imported expertise, the number of people who wind up as tenants probably won't be large. There are many alternatives that must be pursued first, including loan modification and trying to sell the house for less than it's worth. Only people who exhaust other options and are eligible for a deed in lieu of foreclosure - a process of handing over the deed in exchange for loan forgiveness - will have the option to rent. In the first nine months of 2009, Fannie Mae executed just under...
John Coffee, a law professor at Columbia University, says the Bear Stearns hedge-fund case, which jurors decided in less than a day, will make prosecutors think twice before bringing a case that hinges on e-mail. Coffee once called e-mail evidence "the biggest advancement in law enforcement since the two-way radio." But the Bear Stearns case and others have caused Coffee to reconsider how powerful e-mails are in court. "The jury was totally unconvinced," says Coffee. "It does not mean all white-collar cases will not go forward, but I do think it will cause prosecutors...
...that he was "comfortable" that his fund would continue to go up. The e-mail makes it look like Tannin was lying to his investors, but the e-mail that prosecutors cited was just one of many between the two managers. At other times, the managers seemed to be less sure that the fund was doomed. They said aggressive bets might pull the fund out of its problems. In the end, the jurors didn't think there was enough evidence to prove that the managers were intentionally trying to mislead investors...
...have ever fought the battle of the bulge, then you are all too familiar with its key players: diet, exercise and your genes. The less you move (calories out) and the more you eat (calories in), the more fat you gain - an equation that may be heavily influenced by your particular genes. But scientists have long known that these three factors do not adequately explain every case of obesity, and now researchers are discovering increasingly convincing evidence of another important contributor to body weight, one that until recently has been almost completely ignored: the bacteria that live in your...
Given the stakes, many - including the newspaper El País, which is running a reader poll on the question - are asking why Spain got itself in this position in the first place. "Less than 50% of the pirates caught at sea are actually taken away," says Stephen Askins, a maritime lawyer at Ince and Co., a London-based firm that specializes in international trade. "There's a 'capture and release' policy in a lot of these cases. So it's not clear why, given the circumstances, that the Spanish would have chosen to complicate the situation by extraditing these...