Word: nation
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Dates: during 2000-2009
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Many of the nation's largest lenders, including Citigroup and JPMorgan Chase, have meager interest in converting homes into rentals. "We're in the lending business," says Chase spokesman Tom Kelly. "We're not really equipped to be landlords." Lenders are sitting on nearly half a million repossessed houses nationwide, but getting rid of them quickly, even if that means taking a hit on price, seems to be the preferred response. A recent presentation by the head of Chase's retail-financial-services division showed that the company's servicing portfolio went from having about 52,000 repossessed homes...
Lost amid all the mayhem and tragedy of last week's massacre at Fort Hood is the chilling reality that the alleged killer was a U.S. citizen who may have taken online inspiration from Middle Eastern jihadists without ever leaving the nation's shores. Even more disturbing: This kind of homegrown, lone-wolf terrorism is not only harder to detect; it is likely to grow - as one of the consequences of the U.S.'s war on terrorism. The pounding of al-Qaeda and its allies in Afghanistan, Iraq and Pakistan since 9/11 has driven them onto the defensive, forcing them...
...massive blackout that plunged huge swaths of Brazil into darkness - as well as the whole of Paraguay - underscores the challenges facing South America's biggest nation as it prepares to modernize its infrastructure in time for the World Cup in 2014 and the Olympic Games in Rio two years after...
...grinding to a halt and blank traffic lights causing road chaos. People got stuck in elevators. Universities sent students home. Bars and restaurants couldn't serve food and drink. The water supply was affected in some areas, and cell-phone calls weren't going through. Furthermore, Brazil is a nation where high crime rates have bred fear and suspicion, and so huge numbers of people stayed home, keeping their distance from the sinister, unlit streets. (Read about Rio's crime problem and the Olympics...
...What's next for the rest of the Somalis trapped in this Himalayan waiting room? Diane Goodman, acting representative of the UNHCR in Kathmandu, says despite its nonsignatory status, Nepal still has obligations toward those who cross its borders seeking refuge on humanitarian grounds. A year ago, the nation's Supreme Court ordered the government to formulate new legislation to ensure, in keeping with international laws, the rights for refugees after a lawsuit was filed by a local NGO on behalf of a Pakistani urban refugee. But the government has yet to act on the ruling, citing a lack...