Word: loaning
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Dates: during 2000-2009
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...announced that "combat operations have reached their conclusion," a declaration that was quickly clarified - it meant the Army would cease only heavy bombardment. On April 30, the Times of London reported that the U.S. and Britain were trying to use Sri Lanka's application for a $1.9 billion IMF loan as leverage in negotiations on humanitarian issues. The same day, the Sri Lankan government issued a statement saluting "the great nations that genuinely helped us fight terrorism," calling the others "a group of hypocrites." On May 2, the Sri Lankan president met with Japan's peace envoy Yasushi Akashi...
...likely to remain below its longer-run potential for a while," said Bernanke in his testimony to the Joint Economic Committee on Tuesday. That means unemployment will keep rising even after the economy has stopped shrinking. And if unemployment keeps rising, consumer spending won't rebound strongly, bank-loan losses will keep rising and a recessionary relapse isn't out of the question. The next monthly employment report, due Friday, is expected to show continued heavy job losses. So no signs of a reprieve from that quarter...
...whole debacle, but lots more losses - from prime mortgages, credit cards, commercial real estate, you name it - are still to come. Morgan Stanley economist Richard Berner estimated on Tuesday that even in the most bullish case, banks and other lenders have only recognized about half the $1.7 trillion in loan losses they're likely to suffer over the course of the downturn. In Berner's "bear" case, losses will top $4 trillion...
...Nobody Move” is—anticlimactically—a mild pulp pastiche that doesn’t even seem to rise to its own expectations.The plot is appropriately simple: Jimmy Luntz is a barbershop singer with a gambling addiction and an outstanding debt to a small-time loan shark. The supply of clichés at work throughout the novel’s first pages practically spell out the remainder of the story—a sultry, femme fatale of a love interest; a cross-country chase; a stoic, streetwise henchman looking to collect Luntz?...
...Shelter for Homeowners The U.S. Treasury Department announced an expansion of the Obama Administration's Making Home Affordable housing program, aimed at helping struggling homeowners manage their mortgage payments. The new provisions offer cash incentives of $500 up front and up to $250 a year--as long as the loan remains current--to lenders who are willing to reduce balances, plus $250 a year for borrowers who make payments on time. In response to complaints that the initial plan did not provide enough help to homeowners underwater on "piggyback" second mortgages, the new initiative would also cut interest rates...