Word: rvs
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...months to get financing for RV and boat dealerships. "We don't see this as a bailout," said Indiana Rep. Joe Donnelly. "What we see these are loans to businesses who have always paid their loans back." Donnelly, along with fellow Indiana Rep. Mark Souder, say boats and RVs have the same financing challenge as the auto industry. Many auto dealers had their financing yanked, forcing some out of business. Traditional lenders like GMAC aren't as available to boat dealers due to the credit crunch, and the SBA is there to "fill the void," Matz adds. The loans will...
That's why critics don't think the program was worth the effort, questioning if niche industries like boats and RVs deserve the same financing aid as the auto industry. Dean Baker, co-director of the Center for Economic Policy and Research said that although the financing program leaves some of the risk on the lenders, (only 75% is guaranteed by the SBA, not the maximum 90%) it's hard to see what the Administration's goal is and how effective the plan will be over time. "The question is, what exactly do we hope to do with subsidizing this...
...huge ones. In plenty of other places, that might be a sign of cutting back. Here in Bismarck, though, moderation is business as usual. Yes, Bismarckers like their things; it's rare to drive down a residential block and not see at least a few boats or RVs sitting in driveways. But splurging never really took hold here as it did in much of the rest of the country. Mortgage data show that the sorts of loans that landed so many home buyers in trouble elsewhere were written at a much slower pace here (in 2004, when 18% of borrowers...
...data, however, the result of an ongoing effort to more narrowly define who is actually considered homeless. This is the third annual national HUD count, and in previous years, some cities had been counting families who were living two families to an apartment, for example, or those living in RVs, as homeless. This year, they weren't. This count, say the report's authors, is the most successful to date in tallying only those who were actually in shelters or on the streets - the official HUD definition of a homeless person...
...have released their re-entry vehicles (warheads aimed at U.S. targets), as well as thousands of decoys and reflective metal scraps known as chaff, forming a threat cloud of up to 1 million objects. The challenge for a defense during this 20-minute midcourse flight is to pick the RVs out of this debris and disable them. Infrared sensors are ineffective at this stage, so recent research has concentrated on an interactive sensor, a stream of highly accelerated uncharged atomic particles that would penetrate an object and ''see'' what is inside. When these neutral particle beams hit a massive object...