Word: poore
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...Also unconvincing is the claim made by some conservatives that the Clinton Administration's 1995 Community Reinvestment Act (CRA) regulations, which pushed banks to lend in poor communities, caused the subprime mortgage lending binge that sparked the current troubles. It's certainly conceivable that Washington's long-held obsession with fostering home ownership helped fuel the housing bubble. But when the subprime lending binge really took off from 2003 to 2006, financial institutions subject to CRA weren't the ones leading the way. Neither were government-sponsored behemoths Fannie Mae and Freddie...
Perhaps no one figured that subprime mortgage holders were 10 times as likely to enter into foreclosure as people who made downpayments and could document their ability to pay. "This poor performance in the subprime market calls into question the capabilities of lenders, securitizers and investors to reliably estimate peak charge-off rates," warned Joshua Rosner, managing director of Graham Fisher & Co. and Joseph R. Mason, a finance professor at Drexel University in a paper in early 2007. When all the indicators went bad - delinquencies and interest rates up, home prices down - the agencies started yanking the ratings on CDOs...
...streets of Baghdad and other cities, there is mounting discontent over the poor delivery of such basic services such as water and electricity. The resentment is fueling growing apathy toward the political process and alienation from the government. Few Iraqis are hopeful that upcoming provincial elections will help improve their lot. Likewise, the change of U.S. command doesn't mean much to some Iraqis. "General Petraeus, General Odierno - what difference does it make to me?" said one Iraqi working near the U.S. military base where the handover ceremony took place. Maybe he, too, was waiting for General Electric...
...elaborate on why "no-comment" is a poor response? Not commenting on a rumor tends to raise the question, "Why is the target not responding to this rumor?" Hearers alternately wonder if there is some merit to the rumor, or if the target of the rumor has something to hide. The net result is that uncertainty increases. In experiments, my colleague, Prashant Bordia, and I have found that the no-comment condition results in an increased sense of uncertainty and gives credence to the notion that the [target of the rumor] is attempting to cover something...
...Roma issue in 2008 raises questions about immigration and citizenship, identity and belonging, social policy, individual freedom and collective accountability. With their ancestry tracing back to the Indian subcontinent, the Roma settled, over the centuries, across many parts of the world, but especially in central and eastern Europe. Poor and often living apart from mainstream society, an estimated 1 million Roma went to their deaths in Nazi camps in World...