Word: reflects
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...will work its way back into the economy in the form of consumer spending. A lot of data about car sales, unemployment, exports, capital goods, retail spending, and consumer confidence will come out next month. None of it will say much about the future. It will really only reflect what has happened in the economy since the beginning of the year. But, March is the month when the cement will be poured for much of the balance of the year. If most of the negative trends which have already wrecked the economy continue to accrue, the recession will get much...
...plan. Only interest payments will be lower, not principal balances. Homeowners who owe more than 105% of the value of their house - as is often the case in the worst-hit areas of the country - will be ineligible. And holders of jumbo loans need not apply. Again, that might reflect a sense of fairness - why should we help people who stretched beyond their means to buy McMansions? - but it ignores the facts that the delinquency rate among jumbo loans is spiking and that a foreclosed property hurts the value of surrounding ones, no matter the size of the house...
...news reporter and editor for more than 50 years, I feel that newspapers can save themselves. How about concentrating on purely local news instead of trying to reflect what readers saw on cable TV the day before? Publish local school lunch menus, city-hall doings and, yes, local police and court reports. Community papers are taking off and will fill the gap as the big dailies die off. As for coverage from Baghdad and Kabul, editors can rely on the Associated Press and other news organizations with respected reporters. Gang reporting wastes time and money. Frank Real, PALMER, MASS...
Whether you think this is a problem depends on whether you agree with Kaplan and Rauh's assessment of the forces behind rising Wall Street pay. If it was all a market phenomenon, it will now correct itself, as the financial sector's employee ranks and paychecks shrink to reflect the smaller pool of assets it has to play with. Overall income inequality is likely to drop sharply as well, Kaplan says...
...talks with Iran, especially if the Russians agree to help dissuade the Iranians from an illegal nuclear program (in return for a U.S. pledge to halt the antimissile defense system that Russia fears). Every decision will be evaluated for its synergy with other decisions: troop levels in Afghanistan will reflect, among other things, the level of tension between India and Pakistan...