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Curran also worries about how this round of loan-principal reductions will play out among investors who buy mortgage securities and whether they may be reluctant to buy new mortgage loans if there's a chance the principal will wind up being reduced down the line. "The returns would have to rise to incorporate this risk," says Curran. "Either they'll have to be compensated or they won't participate." (See the best business deals...
...Round 1: Quincy vs. Lowell vs. Adams
Winner of Round 1: Lowell
...protest came in the wake of HUCTW’s announcement that it has begun its eighth round of contract negotiations with the University. To mark the beginning of negotiations, the union released a letter which emphasized the generally amicable relationship between Harvard and the union...
...iconic al-Aqsa mosque and Dome of the Rock. Such gatherings have often turned into riots, with mobs throwing stones at nearby Israelis and tourists. The city's police, invariably, have been caught in the middle, trying to prevent flare-ups and casualties that could spark new rounds of violence. To do so, the police block access to prayers at the Muslim holy sites for men under the age of 50, which further inflames Palestinian passions, as does the heavy police presence required to keep order. It's a vicious cycle, says Jerusalem Police Chief Aharon Franco. "No one knows...