Word: paid
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Dates: during 2000-2009
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...Renn was an unknown size-0 model who moved to New York City from Clinton, Miss., to make it big. She struggled with her weight for years, however, and finally made the bold decision to switch to plus-size modeling. Now a healthy 165 lb., she is the highest-paid plus-size model in the world, having graced the covers of American Vogue and Harper's Bazaar and appeared in Dolce & Gabbana ads. The 23-year-old talks with TIME about her new book, Hungry, her size-0 modeling days and walking the runway for Jean Paul Gaultier. (See pictures...
...called bad bank, as NAMA is sometimes called, will then manage the loans on behalf of the state for the next decade, by which time, the government assumes, the country's property market will have recovered. This assumption also explains the $10.5 billion markup in the sum to be paid for the toxic assets - a difference the government says reflects the long-term economic value of the loans. (See 25 people to blame for the financial crisis...
...attorneys usually reap from defending foreclosure clients. Melanca Clark, counsel at the Brennan Center and co-author of this month's study, urges Congress and state legislatures to create incentives, like more funding for foreclosure legal representation, that "level the playing field" against lenders and their comparatively well-paid lawyers. Restrictions on government funding for legal services should be relaxed, she says, especially rules that don't let victorious foreclosure defendants collect attorney fees, as prevailing parties in most other kinds of civil litigation do. "We need structural reforms as badly as we need more [foreclosure defense] lawyers," says Clark...
Still, law schools like Miami's may be one of the best untapped sources. Other programs, like Yale Law School's ROOF Project, also send students into local communities to aid foreclosure cases, but UM's is one of the first to create a paid fellowship. It also makes sense, says Paschal, since so many law firms today are trimming costs by delaying the start date for new hires by a year or more. That gives law grads time to pursue this kind of work - whose complexity, Paschal adds, is ideal for cutting young legal teeth. Says Froomkin...
...phrase, will be back. It's been stuck in an awful recession - not quite as awful as Nevada's - but it's getting unstuck. It's made nasty cuts to close ugly deficits, but it hasn't had to release prisoners or close parks, and its IOUs are being paid. Its businesses aren't fleeing to Nevada or anywhere else; Jed Kolko, an economist at the Public Policy Institute of California, has shown that fewer than one-tenth of 1% of its jobs leave the state each year. Even California's real problems tend to get magnified by its size...