Word: rising
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...seen federal benevolence backfire before in this economy. Last February the White House - determined to rescue homeowners from foreclosure as the housing market crashed - launched its $75 billion Making Home Affordable program. The program not only failed to reverse a rise in foreclosures but also caused many homeowners to crash their credit ratings or throw monthly payments into homes they would ultimately lose anyway. Economists, meanwhile, say government efforts to keep people in homes they can't afford are painfully prolonging the nation's housing crisis - which doesn't help anyone...
...jarred by some of the descriptions of the German Chancellor in "Merkel's Moment" [Jan. 11]. While the article does a nice job of summing up Angela Merkel's rise through the sexist ranks of German politics, it contradicts itself by using such outdated gender stereotypes as diminutive, frail and kittenish to describe the first female Chancellor of Germany. Though subtle, this sort of language is damaging. One step forward, three steps back. And to think, the writer is a woman...
...failure save Detroit? That's one of the fundamental questions Paul Ingrassia, a Pulitzer Prize--winning former Detroit bureau chief for the Wall Street Journal, explores in his treatise on U.S. carmakers' rise, fall and hoped-for resurrection. It was quite a fall. Throughout much of the 20th century, companies like Ford helped build the American middle class. For part of the 1990s, Detroit trounced its Japanese rivals in the SUV business. But then U.S. automakers, essentially, got lazy. Their war with the auto unions didn't help. Nor did the rise of the likes of Toyota. By the autumn...
...some of the study's oversimplifications turn out to be wrong, as they well may - if hurricane activity increases or sea level begins rising faster than expected or a new real estate boom puts more property in harm's way - the damage estimates could rise...
Even oversimplified, it's an extremely complicated thing to figure out. Take sea level, for example. Most studies on climate change talk about the average rise worldwide. But things can look very different when you zoom into specific stretches of coast. Ocean currents can make local sea level higher or lower than the world average. So can the continuing rebound of land from the weight of glaciers from the last ice age, even though they melted more than 10,000 years ago. Factors like the extraction of oil and gas, like in the Gulf of Mexico, can also make...