Word: month
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...madness of the former real-estate bubble: "Can Flip's mortgage really be possible? Even if it is (and it can't be), I doubt it can be legal. A million dollars with no down payment, for two grand a month? It's an insult to money - an insult to the value of money. No wonder the L.A. real estate market has a problem with hyperinflation: the mortgage industry is printing its own banknotes...All I know is this: there is only one conservative, sensible, educated strategy when it comes to home ownership in L.A.. I must buy immediately...
...takeaway for liberals was clear: In such a situation, government must spend rapidly and lavishly to avoid a similar fate. This month, Geithner pledged that the administration was “going to do our best” to eschew Japan’s example. Last October, Summers compared the downturn to our current recession in a Financial Times column. And, in his first White House press conference, Obama warned that if Washington dithered, the U.S. might suffer a “lost decade” like Japan...
...Correa first won in 2006; Ecuador's new constitution allows him to run for a four-year term in a special election this year, and then another in 2013. Bolivia's leftist President, Evo Morales, who was elected in 2005, won a similar reform in a referendum last month. The question now is whether both leaders will eventually follow their ally Chavez's lead and seek the right to run for re-election indefinitely. Elsewhere, political watchers are waiting to see if Argentina's President Cristina Fernandez, along with her predecessor and husband, Nestor Kirchner, will try to get term...
...pregnant woman was refused admission by nine hospitals in a rural part of western Japan, even after miscarrying in the ambulance. In October 2008, another woman was denied by eight hospitals; she was eventually admitted, but three days after giving birth and undergoing surgery, she died. The following month, an 82-year old woman was refused by five hospitals in her hometown, and died en route to a hospital in another city. In 2007, the percentage of cases that require immediate medical attention within total emergency transportation for the year was 11% for the general population, 1% for maternal cases...
...have the "same stench" as Bush, but over the weekend said he'd be willing to meet with the new U.S. leader before the Summit of the Americas in April in Trinidad. Obama has already invited Brazilian President Luiz Inacio Lula da Silva to the White House next month, a sign that he'd prefer to deal with a more moderate Latin leftist. The only problem is that Lula's second and final term ends next year. Chávez now stands to be around quite a bit longer...