Word: payments
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...being discussed to do that is for the government to share in the losses if a servicer modifies a mortgage and the homeowner again defaults. Another approach is to directly help pay for the cost of the modification. The servicer might cut monthly payments to 38% of a borrower's income with the government chipping in to reduce the payment down to 31%, a presumably more sustainable level. Either tactic could be combined with a direct payment - $1,000 is a figure often mentioned - to incentivize servicers to do the heavy lifting of figuring out how much a homeowner...
...only way to charge for content. A person who wants one day's edition of a newspaper or is enticed by a link to an interesting article is rarely going to go through the cost and hassle of signing up for a subscription under today's clunky payment systems. The key to attracting online revenue, I think, is to come up with an iTunes-easy method of micropayment. We need something like digital coins or an E-ZPass digital wallet - a one-click system with a really simple interface that will permit impulse purchases of a newspaper, magazine, article, blog...
...What Internet payment options are there today? PayPal is the most famous, but it has transaction costs too high for impulse buys of less than a dollar. The denizens of Facebook are embracing systems like Spare Change, which allows them to charge their PayPal accounts or credit cards to get digital currency they can spend in small amounts. Similar services include Bee-Tokens and Tipjoy. Twitter users have Twitpay, which is a micropayment service for the micromessaging set. Gamers have their own digital currencies that can be used for impulse buys during online role-playing games. And real-world commuters...
...mistake would not “be a distraction” from Obama’s health-care initiative, but the sentiment was too little too late: Both developments unfolded in the midst of controversy surrounding recently confirmed treasury secretary Timothy Geithner, who was found to have delayed payment on $34,000 worth of income taxes. All things considered, the tax mishaps may have been honest mistakes, and none of the cases seem particularly egregious. However, at such high levels of government, even the smallest skeletons in the closet make national headlines. In the midst of two wars, a struggling...
...Wednesday, as Obama signed into law an expansion of the State Children's Health Insurance Program, he vowed that his push for health reform would move forward. "The way I see it, providing coverage to 11 million children through CHIP is just a down payment on my commitment to cover every single American," the President said. But with Daschle's departure, it is far less clear when - or even how-he will pay off the rest...