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...there's no guarantee homeowners will not default on the new refinanced loans. "We don't want to be overly optimistic about that," said Barr during a briefing on Friday. "Modifications are hard - they're done for people who are struggling with their mortgage, and so you expect a lot of people not to make it - and a lot of people won't make it." However, he says two-thirds of the people in the government's present loan-modification program are current on their payments. (See the top 10 financial-crisis buzzwords...
...Simsek] is a brilliant young scholar ... and [he] will help a lot both with our finance teaching of undergraduates and with many interests of our graduate students in this area,” Economics Professor Andrei Shleifer wrote in an e-mail...
...first thing that came to my mind is when you have 300,000 people that died in 30 seconds, it tells a lot about the situation of the country,” she said. “Is it that we mismanaged our country so much that it was so vulnerable...
...Seeing their work ethic really influenced me,” Brent says. “My mom still swims a bunch of laps, my dad goes to the gym a lot...
...There was a lot of concurrency built in," Air Force Secretary Michael Donley recently acknowledged, using the military's buzzword for the way the Pentagon builds weapons at the same time it drafts blueprints for them (just like the way you order work on your kitchen addition to begin when the architect is only halfway through her drawings). Carter has conceded that the overlap of design and manufacture on the F-35 is "unprecedented" and - even after Gates' latest changes - "worrying...