Word: paceful
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During the first few weeks of April, Chase Home Finance, a division of JPMorgan Chase, initiated some 10,000 loan modifications under the Adminstration's plan. But that was at a slightly lower pace than what the company had been doing under its own modification initiatives. "We're working through the pipeline and we're going to see much bigger numbers," says spokesman Tom Kelly. "There are financial incentives now for everyone to make this work. It's a huge stride over what was already out there...
Lewis' books in particular are an antidote to overstimulated nerves. The Amish (who number about 230,000, mostly in Pennsylvania, Ohio and Indiana) are notable for what they reject - from televisions to electric kitchen appliances to zippers - which means a quiet environment for readers. The pace is slow and soothing; no conversations in Bird-in-Hand are interrupted by a ringing cell phone...
China's economy expanded 6.1% on annualized basis in the first quarter, its slowest pace since 1998. Singapore's GDP contracted an astounding 19.7% in the same period - after shrinking 16.4% in the previous quarter. Hong Kong has yet to report first-quarter numbers, but its economic performance in the final quarter 2008 does not inspire confidence: GDP growth was minus 2.5%. In the same period, the South Korean economy contracted 5.6% while Japan, Asia's largest economy and the world's second biggest, shrank...
Meanwhile courts throughout the Malakand division, of which Swat and Buner are a part, have closed in deference to the new agreement calling for the implementation Shari'a, law. "If the Taliban continue to move at this pace they will soon be knocking at the doors of Islamabad," Maulana Fazlur Rehman, head of one of the country's Islamic political parties, warned in Parliament Wednesday. Rehman said the Margalla Hills, a small mountain range north of the capital that separates it from Buner, appears to be "the only hurdle in their march toward the federal capital," The only solution...
...problem slowing means nothing. Another person out of a job is a new burden on the government, another blow to the optimism of the general population, and another man or woman who is no longer a consumer and may not be able to make mortgage payments. The pace of that trend does not mean much until net new jobs are being created Third, and finally, real estate prices are falling and the rate at which people are losing homes or are going into default plumbs new depths with each set of new numbers...