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...qualified for a mortgage. Now the FHA has resumed its old role by propping up the housing market, since private lenders began shunning all but the least-risky loans. The FHA doesn't lend directly but rather entices lenders do so by agreeing to cover any losses. The FHA stood behind fewer than 3% of new mortgages in 2006. In 2009, just three years later, the FHA insured nearly 30% of home purchases and 20% of refinances...
Students supporting the candidates stood outside Austin Hall with campaign signs and posters, and enthusiastically expressed their endorsements...
Last night, HUPD officers brought the long arm of the law to bear over an attempted sleep-out in Tercentenary Theatre. Around 10:15 p.m., protestors were forced to dismantle their tents and head back to more conventional accommodations while policemen stood by. This sort of silly incident should have been avoided—peaceful, respectful protestors harm no one with their decision to sleep in tents outside a freshmen dorm...
...concrete floor was a tangle of wires and a maze of amplifiers. Sergio M. Ramierez ’10 was tapping beats, M. Andres Camacho ’10 strummed tunes on his guitar, and Tomas (Tommy) Balcetis ‘10, the lead singer, stood in a light blue South Beach t-shirt, ready to belt into the microphone. After light-heartedly strumming out a rock rendition of the jazzy aria “Summertime”, the band members settled down to talk about their music...
...China and now a business consultant who divides his time between the two countries. "One key thing we can learn from China is setting goals, making plans and focusing on moving the country ahead as a nation," he says. "These guys have taken the old five-year plans and stood them on their head. Instead of deciding which factory gets which raw materials, which products are made, how they are priced and where they are sold, their planning now consists of 'How do we build a world-class silicon-chip industry in five years? How do we become a global...