Word: term
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...Bloomberg, "Like earlier efforts from the Federal Deposit Insurance Corp. and housing industry groups, the new plan will make use of interest-rate reductions, loan extensions and so-called principal forbearance, in which part of a mortgage's principal is deferred to the end of the loan's term...
When most people hear the term "green building," they probably imagine something like Bank of America's (BoA) soon-to-be-completed Midtown Manhattan headquarters. The skyscraper will have floor-to-ceiling insulating glass walls, automatic light dimming, water recycling, air filtration and on-site power generation. Those green features have helped make the BoA Tower the first skyscraper to win a Platinum Leadership in Energy and Environmental Design (LEED) rating, the highest possible such award. They also helped ensure that the tower won't be cheap - the project is estimated to cost about $1 billion. (Read "Building Materials: Cementing...
...neighboring Colombia, supporters of conservative President Alvaro Uribe, whose second and constitutionally final term ends next year, are pushing for an amendment that would let him run again. Just as Chavistas insist Chávez is the only man who can carry through the sweeping populist reforms he began a decade ago, many Colombians feel only Uribe can safeguard the economic revival and improved security he's brought to South America's most war-torn country. Uribe so far has played it coy, neither declaring he wants another term nor denying it. Pundits say they'd be shocked if, after...
...Across the Andes in Ecuador, a constitutional referendum last year gave leftist President Rafael Correa the chance to govern until 2017. Correa first won in 2006; Ecuador's new constitution allows him to run for a four-year term in a special election this year, and then another in 2013. Bolivia's leftist President, Evo Morales, who was elected in 2005, won a similar reform in a referendum last month. The question now is whether both leaders will eventually follow their ally Chavez's lead and seek the right to run for re-election indefinitely. Elsewhere, political watchers are waiting...
...Summit of the Americas in April in Trinidad. Obama has already invited Brazilian President Luiz Inacio Lula da Silva to the White House next month, a sign that he'd prefer to deal with a more moderate Latin leftist. The only problem is that Lula's second and final term ends next year. Chávez now stands to be around quite a bit longer...