Word: sixings
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...option. If the owner sells the house on the open market or loses it in foreclosure before the eight-year waiting period expires, the person is out of luck - the put option becomes worthless. However, homeowners do have the option of opting out of the program in the first six years in exchange for handsome cash bonuses, ranging from 10% of the purchase price in year one to 3% in year six. Still, some analysts feel homeowners should be permitted to exercise the put - i.e., sell back the house at its original price - after three or four years. (See pictures...
...Anna, who has been nominated nine previous times and has never won, an Oscar would prove a lot, and she wanted people to know that. "I feel like if I do this, I can retire at any time I want," she tells me. Six years ago, when she was nominated for both Seabiscuit and The Last Samurai and still lost, she got so frustrated, she decided to run a marathon. "I kept thinking: I'm sick of not being in control, and it's so random. I want to be in control of something," she says. It was then that...
Ross—who became acquainted with FOP after attending a six-day pre-orientation camping trip as a freshman, then participated as an undergraduate FOP leader for three years—has resigned from her position to lead one to three week youth empowerment courses through the North Carolina Outward Bound Program...
...rice-paddy view is something of a status symbol in Bali's trendy Seminyak restaurant row, where a high level of Western cookery competes for tourist dollars. The six-month-old Sardine takes the experience one better: you can watch stalks growing under the stars while seated in a bamboo pavilion with massive thatched eaves handcrafted by artisans from an up-country village. It's Trader Vic's, only updated...
...Shiraz for three consecutive days over 13 months of unpaid wages, numerous factories operating at 20% to 30% capacity and up to 2,000 layoffs in the power industry as three major companies began cost-cutting measures. Meanwhile, mine workers in Gorgan province have reportedly gone unpaid for six months, their employers failing to pay state insurance and allowing conditions to drop below legal minimums for health and safety. One report by a nongovernmental organization said that Iran's power industry is close to ruin because of $5 billion in unpaid government debts. A spokesman for the electricity industry syndicate...