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...country have been pounded. There is an unavoidable correction going on in house prices, that much is true, but the swoon has caused additional problems as it traps many flailing borrowers in their homes. Simply selling your home when you can no longer afford it is often not an option at a time when some 18% of mortgage holders owe more than their house is worth...
...scheduled for the week of September 14, two weeks after the first day of classes. During that period, the school puts classes on hold for a week-long fall break. In addition to the new recruiting schedule, the Law School will also offer prospective employers the option of using the same timeline as in years past. Although most students interviewed said that they were in favor of the new calendar because it would improve job opportunities and allow students to better focus on their interviews, some logistical issues remain to be solved. “This means...
...This is President Barack Obama's ambassador to the right, the self-described moderate who has been here before. In 2005 he led the so-called Gang of 14 - seven centrist Republicans and seven centrist Democrats - to a compromise that avoided a Senate meltdown known as the "nuclear option" over President Bush's judicial appointments. In 2008 he guided the Gang of 10's work on a compromise regarding offshore drilling. And this week the two-term Senator has been spearheading a group of negotiators to find a bipartisan solution on the more than $900 billion stimulus bill. Nelson...
...Nelson says these talks, aimed at winning the backing of a filibuster-proof majority of at least 60 senators, have been the most complex he's engaged in. "The Gang of 14 was focused on a particular target, and that was to avoid the nuclear option," Nelson said in an interview with TIME. "Here, not everybody is supportive of a stimulus package to begin with, and all of us have questions about the amount and what's in the package. When that's the case, the number of differing opinions that you have multiplies...
...that may not have been an option. For one thing, congressional staffers may be the only people in America with the dubious skill of being able to move nearly a trillion dollars into the national economy in a hurry. And Hill staffers claim that Obama needed the leaders of the various committees to tell him what the bill required to garner enough votes to pass. Either way, the fact that the bill is the product of free-spending congressional committees is likely to hurt Obama. It is defining his first major effort to fix the economy...