Word: rates
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...There are a number of clever ways that will mandate how the principal will be handled. According to Bloomberg, "Like earlier efforts from the Federal Deposit Insurance Corp. and housing industry groups, the new plan will make use of interest-rate reductions, loan extensions and so-called principal forbearance, in which part of a mortgage's principal is deferred to the end of the loan's term...
...With cellular growth slowing and landline business shrinking Verizon (VZ) has come up with a novel idea - $5 a month landline service. According to The Wall Street Journal, "Verizon believes the plan could help slow the rate of landline customers cutting the cord, so to speak. The company lost 3.7 million access lines, or 9.3% of its base, in 2008." The phone will take incoming calls and limited calls out. People will have to pay for additional telephoning at a modest price. Of course, smart people may use their cell to call out and take calls on their landline...
...woes have an obvious cause: the public perception is that his administration has failed to come up with strong enough medicine to counteract the country's increasingly dire economic plight. The world's second-largest economy shrank at an alarming annualized rate of 12.7% last quarter, its worst quarterly contraction since the 1974 oil shock. Exports also fell an unprecedented 13.9%, while the unemployment rate shot up to 4.4% in December, reaching levels not seen since World War II. "There is no doubt that the economy is in its worst state in the postwar period," said Economic and Fiscal Policy...
...stun Chávez in the 2007 plebiscite. Opposition leaders caught Chávez napping in that election - he failed to get enough of his base to the polls - but this time it was their supporters who didn't show up. The Sunday vote had a 32% abstention rate, and election watchers assume most of the no-show was on the opposition side. Much of that can simply be attributed to voter fatigue: the referendum was the third national election for Venezuelans since December...
...Became Seattle's police chief in 2000 and brought the city's crime rate to a 40-year low. During the so-called "Mardi Gras Riots" in 2001, however, Kerlikowske ordered his officers to stand down while drunken partygoers committed assaults. In the end, one person was killed, many were injured and the incident was seen as a black mark on Kerlikowske's record...