Word: result
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...sellers who are either behind on their mortgage or owe more than their house is worth. Banks have to approve deals in which the sale price is below the mortgage owed, often called short sales, and bankers are not typically eager to go for such sales because they result in losses for the lender. Realtors, even the ones who know how to work their contacts at banks, say it takes at least two months, and sometimes as much as six months, to hear back from a bank about whether they will approve...
...borrowing for these banks and Icelandic society more generally came from the continent, where rates were especially low. The money would then be converted into the local currency, the krona, and invested for a higher return in real estate and business both in and beyond Iceland. The result is what economists call “carry trade”—currency arbitrage and speculative investment highly susceptible to liquidity crises. Whereas banking sector assets accounted for 96 percent of GDP in 2000, they were over 10 times GDP this year. Furthermore, external debt in the form of foreign...
...have preferred that the new grading scheme go into effect immediately, so that they would have two years to take advantage of its benefits, Kagan wrote that a “substantial minority” raised concerns about applying the new system to their class at all. As a result, the Law School decided to pursue the “middle course” that resolved the issue in a “judicious, even if by no means perfect” way, according to Kagan. HLS student government president David K. Kessler ’04, who helped compile...
...despite Guest’s assertion that using Gore as a design inspiration would only result in a fashion faux pas, she adheres to Gore’s policy of reducing, reusing, and recycling. In fact, she normally buys second-hand clothes, and enthusiastically recommends that people buy food at expired food markets like “Amazing Savings” in her hometown of Ashville...
...Sudan. Evans, a former Australian Foreign Minister, is among those who believe that just because something is difficult, "it doesn't mean you abandon it." Says Evans: "In Congo, the problem is insufficient resources. Maybe MONUC has to be reinforced and upgraded. In Darfur, you have a lackluster result, yes, but you had to have peacekeepers with a mandate that was accepted by the government. A full-bore invasion [would have had] catastrophic results." Evans is also keen to highlight "unheralded, unacclaimed" R2P successes like in Kenya this year and in Burundi in the early years of the decad - both...