Word: marche
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Since the Administration's announcement on March 4 of the specifics of its original plan, 11 servicers, which handle some 75% of the mortgages in the U.S., have signed up to participate. The Administration expects those same servicers to sign up for the second-lien add-on as well. It should be up and running in about a month. (Read "Housing Takes Center Stage As Economy Looks for Signs...
...Confirmed by the Senate to the Ninth Circuit Court of Appeals in March 2003 by a vote of 74-19. Some Democrats now say they would have blocked his confirmation if they had known about the interrogation memos...
...federal judge, Bybee, 55, led the Justice Department's Office of Legal Counsel from November 2001 to March 2003 and signed off on a 2002 memo, recently released by the Obama Administration, authorizing the rough stuff in clinical detail. Along with his deputy John Yoo, Bybee infamously claimed that interrogation practices aren't legally torture unless they inflict pain resembling that of "serious physical injury" such as organ failure or death. While supporters say the policies helped keep the country safe in the wake of Sept. 11, critics say the memos are illegal and helped pave...
...economic numbers could hardly appear more horrible for Singapore. Non-oil exports plummeted by 11% in March from the previous year, following even steeper falls the preceding two months. Since its 2008 peak the Singapore dollar has lost more than a tenth of its value against the U.S. dollar, making it one of the worst performing currencies in Asia so far this year. And, if this drumbeat of economic gloom weren't enough, the Singapore government has repeatedly revised its economic growth projections, growing more vigorously pessimistic with each try. It now expects Singapore's gross domestic product to shrink...
...result, while paychecks are taking hits, they aren't evaporating. Singapore's unemployment rate of 3.2% as of March has been creeping up but is still very low compared with the U.S. or Europe. "Instead of outright retrenchments you have days cut from work," says Manu Bhaskaran, an economist with the Centennial Group in Singapore. "When you cut somebody's pay by 10 or 12%, how much less will they spend? They might not buy a new Versace shirt but they'll still...