Word: primed
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...study from the credit-rating agency Fitch found that among people falling behind on payments, fewer and fewer are able to catch up. Looking at a set of mortgages that had been bundled into securities, Fitch calculated that as of July, just 6.6% of delinquent borrowers with prime loans were catching back up on payments. Between 2000 and 2006, some 45% of such borrowers...
...Kartika awaits her punishment, Malaysian Prime Minister Najib Razak spoke out on Tuesday, advising her to appeal her sentence. Kartika's case has sparked global condemnation, and presumably Najib would prefer not to deal with any body blows to Malaysia's international status. "I believe the authorities concerned are sensitive on this matter and realize the implications of this case," he said at a press conference. "I feel the person concerned should appeal to the state authorities and not be so willing to accept the punishment." (Read "What to Expect When You're Going to Jail...
...herself, had predicted. Also predictable was the apparent imperviousness of the ruling Burmese junta to the global outrage it generated by putting her under house arrest for another 18 months just as her last spell in detention was expiring. U.S. President Barack Obama called it "unjust." British Prime Minister Gordon Brown called it "monstrous." Out of sheer frustration, some Burmese will turn to the Hague for solace. Taylor is the first African head of state to face an international war-crimes tribunal. Could junta chief General Than Shwe be the first Asian? (Read "Burma Court Finds Aung...
...That's likely to be bad news for Prime Minister Kostas Karamanlis' already embattled center-right government, which is clinging to a slender single-vote majority in parliament. Already opposition parties on the right and left, as well as the national media, have begun accusing the country's leaders of neglect and incompetence. "Disorganization, indifference, criminal negligence give the final blow to Attica," declared the headline in the leftist daily Eleftherotypia, over the image of a blazing hillside...
...Drought is no stranger to India - the monsoons, which are especially crucial for areas without irrigation, also failed in 2002 and 1987 - and the government is responding in the usual way, by expanding rural subsidies. In his Independence Day speech to the nation on Aug. 15, Prime Minister Manmohan Singh promised to postpone the date for repayment of farmers' bank loans and to give breaks on interest payments for short term crop loans. This comes on top of last year's $14 billion farm loan waiver program, price supports for agricultural products and an ambitious jobs scheme, which guarantees...