Word: lowing
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...problem with option ARMs begins with the fact that people who took out these loans were given the chance to make ultra-low payments for the first few years - and many of them did exactly that. Borrowers, mostly middle- and upper-class with good credit scores, were allowed to make payments that didn't even cover the interest owed (let alone the principal), with the understanding that payments would spike later on to make up for the shortfall. That allowed people to buy bigger, more expensive houses than they would have been able to qualify for otherwise. Plenty of families...
...They play a very strong game physically down low, and give up nothing defensively,” Biega said...
...Indian government, too, has signaled the new importance of what it calls "low-intensity conflict," like the multiagency security offensive aimed at defeating India's armed Maoist insurgency, a movement that controls a wide stretch of territory in central India. The Defense Ministry's research and development arm, which traditionally caters to the needs of the armed forces, displayed this year for the first time unmanned aerial vehicles and other weapons developed for counterinsurgency. "Technology is being dovetailed to suit low-intensity conflicts," a top defense research official told TIME...
...part, also took steps to ensure the meeting with the Dalai Lama wasn't overly inflammatory to Beijing. Their session was held in the low-profile Map Room of the White House and no television cameras were allowed in. The location and the restrictions on press coverage - the President's press office provided only a still photo after the meeting - signaled that the Administration wanted to avoid giving the impression it considers the Dalai Lama a head of state. "The President stated his strong support for the preservation of Tibet's unique religious, cultural and linguistic identity and the protection...
...Three Flavors of Tea Is anyone organizing all this? Or trying to? Tom Jenney is the Arizona state director of a Washington-based group called Americans for Prosperity (AFP), a low-tax, libertarian advocacy group funded primarily by the wealthy Koch family of Wichita, Kans., and its foundations. With its sister organization FreedomWorks - run by former House majority leader Richard Armey - the AFP nurtured the Tea Party movement in its early days, offering training and logistical support. When Santelli sounded his trumpet, Jenney organized the first Tea Party protests in his state. But the larger the movement has become...