Word: normalization
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Dates: during 2000-2009
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...depends on where you stand. Just ask anyone who wants to buy a house with a subprime mortgage - they're not all evil, but these days they are exceedingly rare - or with a jumbo loan, which now carries an average rate 1.2 percentage points above a regular mortgage. (In normal times, the spread is closer to a quarter of a percentage point.) "Some people are saying, 'Credit crunch, what credit crunch?' and others are ready to cry uncle," says Greg McBride, a senior financial analyst at Bankrate.com. "It shows it really matters where you fall on the risk spectrum...
However, others argue against the notion that the U.S. forced the reforms on Islamabad. The timing of the promotions was not extraordinary and the changes were made "on the basis of merit," says Talat Masood, a retired general turned military analyst. "These postings were in the normal course of events, with many of the officers due for rotation or retirement," he says. "General Kayani used this opportunity to bring in new people according to his [priorities...
When the rock 'n' roll pianist and former Ben Folds Five frontman recorded his new solo album, Way to Normal, he knew it would get leaked to the Internet, so he went ahead and did it himself - well, sort of. This summer, Folds released six "fake" songs on the Internet and pretended that they were tracks off his album. The fake songs bore the same titles as tracks on the album, but contained completely different lyrics and music. The real Way to Normal dropped on Sept. 30; the fake versions are available wherever music is freely downloaded. Folds talked...
...open to him on how to unclog the credit markets, which Senator Judd Gregg, the top negotiator on the bill for Senate Republicans, described as a massive car accident in the middle of the highway. The government must clear the accident away by buying the toxic debt so that normal traffic can flow freely. One avenue will be to do a reverse auction, where banks compete to sell the Treasury their bad paper, with the Treasury choosing the lowest offers. The Treasury may also directly negotiate with companies, though no one knows exactly how that will work...
...Philadelphia on Saturday, but the worst the Crimson faced was a light drizzle in the second half. There were times when Mann struggled to corral a ball or two, being forced to punch out others, but for the most part, the team was able to play at a normal pace. “The conditions were surprising, it just drizzled in the second half,” Leone said. “We were able to play fine.” Harvard continues its Ivy slate against rival Yale next Saturday at Ohiri Field. —Staff writer Walter...