Word: mae
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There may be good news in all this. Much of the recent increase in interest rates has been technical--giant mortgage holders like Pimco, Fannie Mae, Freddie Mac, Chase and J.P. Morgan have been selling T-bonds in a complex strategy that helps to shield their vast mortgage holdings against risk. But despite signs of economic recovery, Gross believes bond yields will settle in at current levels--meaning mortgage rates will settle here as well. "We're done selling," Gross says. At least...
CURRENT AFFAIRS "The Mae Klong is the most beautiful river in Thailand," said Chai, our Burmese guide, as we slid down a gentle series of rapids in our red rubber raft. Transfixed by the multitude of rainbows suspended in a giant curtain of spray tossed up before a fern-dappled cliff, we found it difficult to argue...
...aqua and puce hovered lazily beside us. Kingfishers flashed amid copious vines and sprawling creepers. Tiny, white beaches?perfect and inviting? nestled under fluttering carpets of white and yellow butterflies. Scenes like this demanded another superlative: there surely was no more tranquil spot on earth. Farther downstream, though, the Mae Klong flexes its muscles, narrowing into Class 4 and 5 rapids that should satisfy most adrenaline cravings, before disappearing into a maze of deadly subterranean caves to re-emerge in neighboring Kanchanaburi province as the famous River Kwai...
...person needs to be all around a good lawyer, someone who can manage people, someone who has substantive expertise in at least some of the areas the University is concerned with,” said Gorelick, currently the vice chair of Fannie Mae. “On a personal level he has to be someone who is a very strong counselor for the president and his immediate staff...
...FANNIE MAE 48% of new hires were nonwhite, and 22% were African American...