Word: stopped
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There's a legendary moment in Borat when you stop laughing and move on to a sort of desperate, horrified gasping because what you're seeing is, literally, beyond funny. That moment, of course, is the nude wrestling match between Borat, a hairy beanpole of a broadcaster from Kazakhstan, and his producer, a mountain of bearded blubber. When you're presented with a sight like that - the most purely awful spectacle since Divine sampled dog poop at the end of John Waters' Pink Flamingos - something more than mere laughter is required. Like maybe a call...
...homeowners who stop paying their mortgage may be doing so intentionally, not because they can't make the payments but because they don't want to put money into a house that's worth less than what they owe. That finding, from a paper by economists at the University of Chicago, Northwestern University and the European University Institute, raises some doubt about the approach the Obama Administration has taken toward stabilizing the housing market. The current approach focuses on whether or not homeowners can afford their monthly payments, and largely ignores the fact that some 20% of homeowners owe more...
More recently, Foote and his colleagues have studied patterns of mortgage nonpayment, and found that in certain states there is a disproportionate number of people who suddenly stop making payments and never try to catch up. This, they surmise, might be an indication of walk-aways - as opposed to struggling borrowers desperately trying to stay in their homes, making payments when they can. The states with more sudden stops are California, Florida, Nevada and Arizona - places where property prices have plummeted and more than 30% of homeowners are underwater. "That's consistent with the idea that there should be more...
...later, the eight most powerful leaders in the world will meet there for two days. Almost everyone in Italy is asking him/herself the exact same question: Why? Why would the eight most important people in the world get together in a place where the ground can’t stop shaking...
...will happen—a shocking case of hubris. Sure, politicians often believe they are invincible, that the laws of man don’t apply to them. Berlusconi is no exception, but this arrogance is a different kind of beast. It appears that Silvio Berlusconi thinks he can stop an earthquake, that his grasp on Italy is so tight he can control even nature within...