Word: reporter
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Dates: during 2000-2009
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About two dozen firms that led the country into the subprime debacle are now lined up to receive billions of taxpayer dollars through a federal program aimed at stemming foreclosures, according to a report released Wednesday...
...report, issued by Washington's Center for Public Integrity, found that at least 21 of the top 25 firms taking part in the Home Affordable Modification Program, or HAMP, were heavily involved in the frenzied lending that led to the subprime blowup. The firms originated or serviced subprime loans, or both. (See which businesses are bucking the recession...
...Others expected to cash in through the program are JPMorgan Chase, which could collect up to $3.4 billion when its EMC Mortgage subsidiary is included, and Wells Fargo, which could get up to $3.1 billion when its Wachovia subsidiaries are included, the report said. Even a former subsidiary of Lehman Brothers, which helped underwrite the subprime toxic loans, is bellying up to the bar, the report said. (See high-end homes that won't sell...
...human-caused N2O emissions will be greater than all other ozone-depleting substances combined," says John Daniel, an atmospheric scientist with the National Oceanic and Atmospheric Administration (NOAA) and a co-author of the Science study. "It will be the dominant gas in the future." (See TIME's special report on the environment...
...needs to be. China's powerful National Development and Reform Commission and the Development Research Center of the State Council sponsored a recent report suggesting that if it took a number of aggressive measures, China, now the world's largest greenhouse-gas polluter, could hit an emissions peak in 2030 and then begin winding down. But if global warming is to be reversed, more than emissions control will be needed. Just as essential will be the further, rapid development of clean energy. And if the Chinese decide that there's good money to be made in that...