Word: plans
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...foundation under the value of their own homes is high on the list. The process may create an atmosphere that looks and feels like socialism, but if the net effect is that the drop in housing prices is reversed in short order, even free-market advocates may tolerate this plan rather than watch the world burn...
...Unlike Geithner's plan, this solution is simple and transparent. It does not require the government to price complicated derivatives. It requires only one decision: by what uniform percentage principal should be reduced. And unlike all of the other plans out there, it does not require significant government spending. It is also politically palatable, as it does not discriminate and does not rescue certain institutions while leaving others to fend for themselves. Homeowners get the most direct benefit, and the solution is efficient because of its flat-tax-like nature. Just about everybody wins...
...Word has leaked out, or has been leaked, that the Administration will propose a very large program to help homeowners who have good intentions and strong moral character make their mortgage payments if they reach the precipice of default. Reuters reports that "under the evolving plan, homes would undergo a standardized reappraisal and homeowners would face a uniform eligibility test...
...Unfortunately, the holiday is one based on pressure. We feel pressure to show our loved one how much we care; we feel pressure to devise an elaborate and (we hope) somewhat original plan to showcase the depth of our feelings. Many of us, however, are single—and we feel our own kind of pressure, pressure to pair off beforehand, or at least find a date. Outwardly, the holiday appears happy, red, and dazzling, with diamonds to apologize and cards to quantify feelings. Scratch the surface, however, and it can be depressing and excluding...
...tanking economy has thrown that plan into limbo, as the University considers slowing construction in Allston to right itself following a projected 30 percent loss in endowment value for the fiscal year ending June...