Word: owings
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...folks reported (using figures from the Federal Reserve), the value of everybody's assets was $56.5 trillion. The value of our liabilities (public and private) was $56.4 trillion. Given what has happened to real estate and the stock market since Sept. 30, it seems certain that we now owe more than we are worth...
Claim Your House as a Home Office Geithner spent the past few years as head of the Federal Reserve Bank of New York and made nearly $398,000 in 2007. Hook estimates that before deductions Geithner could owe as much as $130,000 in federal and state taxes for 2008, assuming his income last year was the same. On top of that, he will owe nearly $19,000 in property taxes on his 3½-bedroom home in Larchmont, N.Y. - an upscale suburb north of Manhattan - where he lives with his wife and two children...
...county issued 80 new home permits, down from an average of almost 500 permits a month in 2007. Housing prices have deflated with a deafening groan. Keith Schwer, who runs the Center for Business and Economic Research at the University of Nevada-Las Vegas, estimates that 50% of homeowners owe more than what their home is worth. Perhaps the only positive note is that housing prices have returned to more reasonable levels. "We're getting back into the affordability range," Schwer says. "The only problem is we don't have credit to buy them, and we're losing jobs...
...nice if Jim Carrey were your local bank officer, who smilingly approved every loan, even if your need were bizarre and your collateral nonexistent? Wouldn't your soul be soothed if Will Smith were a Treasury agent who gave you a six-month extension on the pile you owe the IRS? You needn't be a financial tycoon to get a home- or pension-saving Christmas gift - not when these two stars are playing Santa...
...Augustine of Hippo (354-430) was probably the most influential Christian thinker after the Gospel writers and St. Paul. It is to him that we owe such doctrines as original sin and predestination. Yet he has traditionally been unpopular with those concerned about Christian treatment of Jews over the centuries, a disapproval that was expressed eight years ago by the popular historian James Carroll in his much read book Constantine's Sword. Carroll wrote that Augustine and his followers believed that Jews "must be allowed to survive, but never to thrive" so that their public misery would broadcast their "proper...