Word: recorditis
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That change suggests that more home owners are simply walking away from their mortgages, rather than attempting to make payments, especially during a recession with record-high long-term unemployment. "Chapter 13 was designed for regular economic times when people might lose their jobs and fall behind on their mortgage for three to four months, but having found a new job they would be able to use the Chapter 13 process to keep their homes," says Porter, noting that even during normal economic times only 1 in 3 Chapter 13 bankruptcy filings results in the individual's successful meeting...
...Beijing on March 20 and 22, causing the city's weather bureau to issue its worst possible air-quality rating. Other parts of northern China were also affected by the brutal conditions, with residents cautioned to stay indoors. Farther south, air-pollution indexes in Hong Kong and Taiwan reached record levels. While sandstorms are not uncommon in China because of Asia's large interior deserts, growing desertification has exacerbated the problem...
...record number of lacrosse fans turned out Friday night for the men’s lacrosse game against the Duke Blue Devils. Unfortunately, anyone who stayed an extra five or 10 minutes at the tailgate before coming in to watch the game missed the bulk of the action...
Romney has the stronger hand but some real problems. He retains almost all the strengths he brought to the battle two years ago, when he was the runner-up to McCain: a record of accomplishment in business and government; a stately mien (and famously great hair); a solid and photogenic family; a New England base, anchored by a vacation home in primary-powered New Hampshire; and vast personal wealth and fundraiser prowess. But his liabilities are equally formidable. Some are the public's long-standing bigotry against his Mormon faith, a history of breathtaking policy flip-flops and, perhaps...
...back on track to raise $1 billion, with all of it to be applied to the general election, rather than to any serious nomination contest. Obama will almost certainly opt out of the matching-funds system for the nomination period and public financing for the general election, raising record amounts of cash from the day he commences his effort through November 2012 (in particular, his Internet fundraising power will be re-established). No doubt his Republican challengers will spout bravado about opting out to keep pace with Obama, but such a monumental task is easier said than done without...