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Then in late March, the bank became the first major lender to say it would reduce loan balances of homeowners who owe more than their property is worth. Most other banks have only been willing to lower interest rates. Writing down loan balances for such "underwater" homeowners, while costly for the bank, gives borrowers more incentive to stay current on their mortgage. The Bank of America program, which has won praise from consumer advocates, could help as many as 45,000 borrowers reduce what they owe by $3 billion. "Bank of America is to be commended for launching a program...
...taking Crestor had a lower risk of hard events, including fatal and nonfatal heart attack and stroke. But the only statistically significant benefits for women treated with Crestor involved less extreme end points, like hospitalization for unstable chest pain and arterial revascularization (a category of procedures that includes major surgery). To prevent one event, 36 women would need to take the statin for five years - a modest result, critics...
...Research Associates, based in Cambridge, Massachusetts, is not alone in drawing parallels between America's patriot movement and Germany's Weimar Republic. "You see the rise of a large group of disaffected middle-class and working-class people with a strong sense of grievance," he says. "None of the major parties speak for them." If their grievances aren't resolved, he warns, they are likely to become more militant. The message from the militias is largely the same: whether it takes a whisper or a shout, we will be heard. --Reported by Sam Allis/Boston, Edward Barnes/Petoskey, Michigan, Patrick Dawson/Billings, David...
...American way to change this is through quiet revolutions known as elections. The controversy should be resolved in the political process. Overheated rhetoric is protected as free speech. But it’s over the line and wrong to suggest that either major party favors the use of violence instead...
Later, in Phoenix, Palin headlined a major fundraiser for McCain at the Biltmore Hotel, the venue where some McCain aides engaged in a climactic election-night clash with Palin over whether she would be allowed to deliver her own concession speech on the stage before McCain's. But most of the 2008 campaign advisers who viewed Palin as untrustworthy and erratic have left McCain's orbit, and his current aides were delighted to apply her star power to their troubled cause. With Palin in the state, they collected e-mail addresses for follow-up voter contact, raised some dough...