Word: mortgagee
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"Who do you trust to keep the Australian economy strong and to protect family living standards?" Howard asked at the start of the election campaign. The answer has not been in doubt for a long time, given that the Labor alternatives have been miserable. According to a Newspoll published last...
But household indebtedness is at a record level. Consumers are paying a higher proportion of their income to service their borrowings (and thus are more vulnerable, as is the economy, to a fall in asset prices or a rise in interest rates). Under Howard and Costello, foreign debt has doubled...
KERRY He proposes tougher regulations against abusive mortgage lending practices and credit-card policies. He promises to cut the deficit in half within four years through spending cuts.
Paul West, 27, left his native Britain a year ago to help launch a chain of English tea rooms in Paris. He kept a diary of his adventures and published 200 copies privately, mostly for friends. But Paris bookstores discovered West's gently satirical look at Gallic foibles, radio stations...
In the run-up to the Summer Olympics, swimming phenomenon Michael Phelps has been--to borrow a phrase from Visa, one of his sponsors--everywhere he wants to be. Since the 19-year-old became the first person to break five individual world records at a single meet last summer...