Word: sixes
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...create an effective fix for such a complicated problem. In December, the Comptroller of the Currency (OCC) and the Office of Thrift Supervision (OTS) issued a report showing that at national banks and federally regulated thrifts, nearly 37% of homeowners were 60 or more days behind on their payments six months after receiving a modification. That re-default problem has received much attention as the national conversation has turned toward the idea of taxpayers standing behind modifications. "You wouldn't want the government to be on the hook for someone who borrowed a lot more in credit-card debt...
...group of negotiators to find a bipartisan solution on the more than $900 billion stimulus bill. Nelson won't provide an exact number of Senators involved in these talks, coyly trying to avoid yet another gang label. (Enterprising reporters have counted conferees going in - there are 18, including six Republicans.) The talks dragged on well into Thursday evening, and they could yield a legislative victory for Obama as early as today in the Senate. (Read "How to Spend a Trillion Dollars...
...just days after Nath's warning, India is being accused of raising trade tensions between the world's two largest emerging economies by imposing a temporary ban on imports of Chinese-made toys. The six-month ban was announced Jan. 23 by the Indian Directorate-General of Foreign Trade, which issued a two-sentence notification saying the restriction was being made "in public interest." Today, two weeks after the announcement, Nath finally spoke up on the matter, saying that India's step is WTO-compatible, and has been taken to ensure public safety. "The decision to ban was taken...
...pictures of China's Sichuan Quake: Six Months Later...
Nearly five years after confessing to his role in the world's biggest nuclear-proliferation scandal, the disgraced nuclear scientist Dr. Abdul Qadeer Khan has been set free after securing a surprise court triumph. Bowing to a six-week-old request that he be released from house arrest, the Islamabad High Court on Friday declared Khan "a free citizen," allowing him to walk out of his prolonged sentence. Moments after the decision, the man who in 2004 tumbled from grace after admitting to hawking nuclear secrets to Iran, Libya and North Korea stepped out onto the front porch...