Word: reliefs
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...funds rate is already down to 1%, and the economy is still sinking. Rates have nowhere to go but down - all the way to zero. And by the time President-elect Barack Obama takes office in January, it's likely the U.S. will be debating what sort of tax relief to individuals and businesses might be best - mimicking policy discussions that are already occurring along the same lines in Europe and Asia...
...truth of the newspapers.” And in “Things Fall Apart,” Achebe allows his characters to do the work of social commentary for him. By focusing on his characters’ unique and disparate relationships with colonial elements, he draws into relief the tremendously complicated experience of the village as a whole. “There is a certain area of our experience that you can reach best through the imagination,” he says. But Achebe is still not done with his first novel. After “Things Fall Apart?...
...likely to approve his proposal. But he wants to get the discussion started - and to keep any pressure he can on lenders. "Even if we can't compel them, we want lenders to know that we're expecting good corporate citizenship in this process," he says. "The real relief in this credit crisis has to be directed at the thousands and thousands of people whose homes we can help save. It has to be part of the conversation...
...Florida homeowner advocates say most lenders were hardly as amenable to mortgage relief last summer as they've become in recent months, when local governments like Miami Gardens began pressing the issue. "We're seeing a change, more willingness among the banks to cooperate," says Arden Shank, head of the Miami nonprofit Neighborhood Housing Services, which is working with Florida cities to counsel homeowners on foreclosure prevention. "Not too long ago, most banks wouldn't even talk to us." (Read "Fannie and Freddie Offer New Plan to Help Homeowners...
...obvious at Tuesday night's clinic how desperately these communities need massive mortgage aid right now - and how big a challenge providing it can be. A large group of residents from a newer, more upscale Miami Gardens housing development called Coconut Cay showed up for loan relief. During the overpriced-housing boom of this decade, some of the houses went for more than $500,000 - but now a number of buyers are wrestling with more mortgage costs than their battered finances can handle. It's a reminder that rash borrowers are often as responsible for the housing debacle as reckless...