Word: principall
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Under current bankruptcy law, Porter says, bankruptcy courts have "no tools to reduce the principal, stretch out the payments or adjust the interest rate" - that is, since judges can't adjust mortgages to make them easier to pay, people end up ditching them instead.
Van Valkenburgh has been a member of the faculty at the School of Design since 1982, serving as program director from 1987 to 1989 and chairman of the landscape architecture department from 1991 to 1996. He is also the lead principal for Michael Van Valkenburgh Associates, Inc., which has offices...
Then in late March, the bank became the first major lender to say it would reduce loan balances of homeowners who owe more than their property is worth. Most other banks have only been willing to lower interest rates. Writing down loan balances for such "underwater" homeowners, while costly for...
There's no question that orthodox dogma is gaining sway in Indonesia, like elsewhere in the Muslim world. In Jakarta, for instance, the number of women wearing headscarves has increased dramatically compared to a decade ago. As local governments have gained more autonomy, some have implemented a variety of Islamic...
Better Grades At least, at his Alma Mater in Jakarta, the Menteng school, the American President can be assured of an unreserved welcome. Two weeks before Obama was due to arrive in the Indonesian capital, batik-clad students practiced a traditional Indonesian gamelan-orchestra performance they hope to play for...