Word: recentering
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Dates: during 2000-2009
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...recent months, the FHA has suspended eight of its lenders, hired its first chief risk officer and taken other steps to beef up its controls. But some bad calls - whether from a lack of resources (it has long begged Congress to fund computer upgrades) or a lack of judgment - will haunt the agency for years. Loans it backed in 2006 and 2007 are souring at a particularly high rate because of seller-financed down payments; when a home buyer isn't the one ponying up equity, there is more than twice as much chance that the loan will...
...there are scenarios in which even more recent loans could be bigger trouble than anticipated. For its annual actuarial review, which the agency delivered to Congress on Nov. 12, the FHA asked its outside auditor to run a series of doom-and-gloom scenarios - including one that assumes house prices continue to slide and unemployment hits 12.5%. Only in the most dire, and unlikely, of such simulations does the FHA run out of money to cover its losses, which is why FHA commissioner David Stevens has repeatedly said the agency will not need to ask Congress for money...
...this monumental poem even its most grandiose aural gestures are reduced to ambient noise. Alexander has chosen a deeply unusual setting for his epic: both Sri Lanka and old-fashioned nautical adventuring are idiosyncratic interests for an American poet. The island, despite its physical loveliness and tragic recent history, is yet to inspire a fitting work of poetry or prose, and for all its ambition, “The Sri Lankan Loxodrome,” does not do justice to its subject...
...cathedral—focus on what has become a highly politicized issue: the battlefields of the Middle East and their casualties. Wodiczko’s focus has been on the dialogue of veterans; he will often project video of the veterans speaking, while broadcasting their words. His most recent work, created for and shown at the Institute of Contemporary Art (ICA) in Boston, is smaller in scale, but does not depart from the frank manner in which he addresses war. Wodiczko attempts to make his audiences understand the nature of war by inundating them with emotionally charged visual and auditory...
...other things, he is credited with seizing on John McCain's comment in the midst of last year's financial crisis that the "fundamentals of the economy are strong" - a line of attack that proved devastating to the Republican. The role of communications director has received unusual attention in recent weeks, with Dunn leading a sharp campaign against the Fox News Channel for being "part of the Republican party." Pfeiffer is widely expected to maintain that combative stance on the Administration's behalf. (Read "How They Did It: David Plouffe on Obama's 2008 Victory...