Word: principall
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Reduce the outstanding principal on every single mortgage to, say, 70% of the original value. Yes, you read that correctly: lower every American homeowner's mortgage debt by a fixed percentage. (See 25 people to blame for the financial crisis.)
Of course, hugging has its haters. Schools in a handful of states have banned the gesture, with a middle-school principal in Oak Park, Ill., explaining back in 2007 that groups of students--typically girls--were jamming the hallways with "extreme hugging" and making other kids late for class.
Peru currently produces around 20,000 tons of solid waste daily, according to government statistics. Most of this waste is dumped indiscriminately, ending up in rivers or the Pacific Ocean. A cleanup campaign in late January removed 30 tons of garbage from a 3-mile stretch along the banks of...
Nationally, the idea is similar - pushing back principal payments, not forgiving them entirely, is the solution trumpeted by the FDIC. That seems fairer: telling people that they can get a break now, but will eventually have to pay may alleviate qualms about handing out free rides. Or it may just...
Principal Christopher Saheed emphasized student safety as his main concern, warning students against engaging directly with the protestors.