Word: prevention
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...still possible even without an Arab-Israeli settlement. The U.S. and Iran, says Mohammad Atrianfar, a newsmagazine editor and unofficial mouthpiece for the camp led by Rafsanjani, should set up a system of diplomacy much like that between the U.S. and the Soviet Union during the cold war, to prevent disagreements from turning into open conflict. "The only thing we want from the United States is for them not to mess with our country," he says. But that would mean the U.S. accepting Iran's right to have a nonmilitary nuclear program, ending sanctions, apologizing for past misdeeds, shutting down...
Consider our recent track record. Last July, Congress passed a bill to help the housing market. In an effort to churn demand and stabilize home prices, the bill created a $7,500 tax break for first-time home buyers. It also created a program to prevent foreclosures. Unfortunately, no major lenders signed up. Bottom line: only 25 loans have been rewritten...
...core issue is that too many people can no longer afford their mortgage. Maybe they took out an adjustable-rate loan that has reset higher, or they lost a job in the slowing economy. If we could stop the cycle of defaults and foreclosures, the thinking goes, we could prevent deeply discounted, bank-sold homes from flooding the market, keep losses from further impairing mortgage-backed securities and preserve property values. That's how we wind up with ideas like paying mortgage servicers to make loans more affordable and changing the bankruptcy code to allow judges to reduce the amount...
...again, in upcoming elections scheduled for June. The liberal leader and respected cleric was criticized for his inability to follow through on his reformist agenda while in office. Khatami said he considers running against the incumbent, Mahmoud Ahmadinejad, a "duty," claiming that drastic political changes are needed to prevent further harm to Iran's economy and international image...
...House and Senate are haggling over versions that include at least $80 billion for education programs, a significant bump up from the Education Department's $59 billion discretionary budget for fiscal 2008. But there's a catch: a big chunk of the stimulus money that is designed to prevent massive teacher layoffs will be awarded only to states that spend at least as much on education as they did in 2006 - a tall order given that a minimum of 42 states are facing significant budget gaps. At least 20 states have already cut their K-12 budgets...