Word: shielding
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...still not rewrite loans, even when that creates the most value in the aggregate, since modifications can impact certain investors more than others - and it only takes one to sue. That's why on Feb. 4. the House Financial Services committee met to talk about making a law to shield servicers from such lawsuits. The law, first proposed by real estate and law professors at Columbia University, would create a so-called legal safe harbor, and ostensibly kick up modification efforts. The professors believe this to be the case because they've observed that firms that directly own mortgages...
...light of Kara's high-profile case, faith-healing communities around the country are worried about losing their right to treat their children according to their religious beliefs. "The way the law is worded right now is confusing and makes it seem like we have a shield to recklessly endanger children," says Joe Farkas, legislative affairs representative for the Church of Christ, Scientist, in Wisconsin. The Church has teamed up with Wisconsin Democratic Sen. Lena Taylor to write new legislation that could repeal a provision in the state's child abuse and neglect statute that exempts parents from prosecution...
...Germany, a recent study by Ernst & Young indicated that 78% of small- and medium-size companies favor the state embracing "protectionist measures" to shield them from the global recession - up from 43% a year ago. The cause of concern is clear: despite the government's passage of a $65 billion stimulus package, Germany entered its third straight quarter of recession in January. This month, German unemployment shot to 8.3%, from 7.4% in December. (See which country has the best bailout plan...
...favors, and a cooperative relationship will come at a price. Much of this, of course, involves muscle-flexing: days after Obama was elected, Russia announced that it would deploy medium-range Iskander nuclear missiles in Kaliningrad, near the border with Poland, in response to Washington's planned missile shield. Just this week, Moscow quietly withdrew that threat...
...Laws were certainly not enough to win redress for Nujood. Although her father and ex-husband were arrested for arranging an underage marriage, both were released within 10 days. Nujood's father, an out-of-work laborer, told the judge he simply wanted to shield his daughter from possible violence on Sanaa's streets. Nujood's ex-husband slipped out of sight last summer as the media attention grew. A sympathetic friend reimbursed him for the dowry of about $250 that he had paid to Nujood's father. Asked by a reporter in Paris if she hopes to meet...